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WALLONIE RECYCLAGE

Active
Public limited companyfounded 2003active for 23 yearsCetturu 9, 6662 Houffalize, BelgiumKBO/BCE: BE 0480.060.126
Summary

WALLONIE RECYCLAGE has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €500,294 and a net result of €205,401, of which €182,291 non-recurring income. Equity has been growing by about 6.3% per year since 2018. Its solvency ranks better than 16% of 280 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Official details

Source: KBO
Status
Active since 22-04-2003 Normal situation
Activity
Waste collection, recovery and disposal activities NACE 38330
Joint committee
124 Paritair Comité voor het bouwbedrijf · annual accounts 2024
Establishment units
2.211.402.238 6662 Houffalize, since 11-04-2003
2.379.098.808 6663 Houffalize, since 28-11-2024
Financial year end
31 December
Peppol
Reachable since 13-01-2026

Board and ownership

Board
  • JTH INVESTManaging director · permanent representative Jencôme THEIS
  • TTH INVESTManaging director · permanent representative Thomas THEIS
Shareholders

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Annual accounts 2025
Gross margin
€285,923
▲ 228%
Turnover
≈ €680,000
estimated
Profit
€205,401
▲ 540%
Equity
€500,294
▲ 69.7%
Total assets
€3.9m
▲ 759%
  • 2025 accounts filed 76 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsLast filed accounts filed 76 days late; 1 of the last 3 accounts latelowers riskSize: total assets €3.9mFigures for financial year 2025 (filed on 16-10-2026)Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 48% of small companies in waste collection and treatment (NACE 38)
Financial strength · tick: 2024
Weak
Solvency 38-53
equity 13.0% of total assets
Liquidity 28-22
short-term debt 49.4% · cash 1.8%
Profitability 75-3
return on assets 5.3%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (201 companies, NACE 38, small)
Last 24 months 12-2024: 0.1% 01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.2%▲ +0.2 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%▼ -0.1 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.0%▲ +0.3 percentage points vs 07-2026 09-2026: 1.4%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 0.8%▼ -0.6 percentage points vs 09-2026 11-2026: 0.8%● unchanged vs 10-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.87 (4.28 in 2024), below 1. Short-term debt is 49.4% and cash 1.8% of total assets. 87% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, small). It does better than 16% of them on solvency, 17% on liquidity, 69% on profitability and 92% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €3.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Last filed accounts filed 76 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Figures for financial year 2025 (filed on 16-10-2026)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 280 sector peers (2025).
NBB · sector comparison
Position among 280 sector peers
Solvency
better than 16%
← weakest strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
76 days late
2024
29 days late
2023
30 days late
2022
18 days late
2021
9 days late
2020
83 days late
2019
97 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 49 days after the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result rose in 2025mostly from a one-off income of €182,291 ▲ 540% View
  • Caution: Lower solvency than 84% of companies in waste collection and treatmentsector median 40.5% · 280 companies 13.0% View

Recent changes

  1. · Gazette deed Purpose · Amendment of the articlesPermanent representatives: THEIS Jencôme and THEIS Thomas
  2. · Gazette deed Registered office moved within Houffalize
  3. · Gazette deed Resignations: Maëlle LESAGE (director) and Dominique SALEMBIEN (director)Appointments: JTH INVEST (director) and TTH INVEST (director) · Permanent representatives: Jencôme THEIS and Thomas THEIS
All 19 events

Comparable companies

These companies have the same main activity as WALLONIE RECYCLAGE: waste collection, recovery and disposal activities (NACE 38330). They are comparable in size and age: total assets between €1.6m and €5.8m, founded between 1996 and 2006.

CompanyTotal assetsGross margin
WALLONIE RECYCLAGE Houffalize€3.9m€0.3m
BC Limoges Esneux€3.4m€0.4m
SENERGHO Hooglede€5.8m€0.2m
OP DE BEECK GEERT Olen€3.0m€0.6m
BIOWEST Lo-Reninge€1.6m€0.2m
AgriRecover Vilvoorde€2.4m€0.4m
BREMCON Beveren-Kruibeke-Zwijndrecht€4.7m€0.5m
Full comparison

Key facts about WALLONIE RECYCLAGE

What is the company number of WALLONIE RECYCLAGE?
The company number of WALLONIE RECYCLAGE is 0480.060.126. The VAT number is the same number with BE in front: BE 0480.060.126.
Where is WALLONIE RECYCLAGE based?
The registered office is at Cetturu 9, 6662 Houffalize.Company details
What does WALLONIE RECYCLAGE do?
According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38330).
What is the legal form of WALLONIE RECYCLAGE?
The legal form of WALLONIE RECYCLAGE is Public limited company (NV).
When was WALLONIE RECYCLAGE founded?
WALLONIE RECYCLAGE was founded on 22-04-2003.
Is WALLONIE RECYCLAGE still active?
Yes, WALLONIE RECYCLAGE is an active enterprise in the KBO register.
How many employees does WALLONIE RECYCLAGE have?
WALLONIE RECYCLAGE had an average of 0.4 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
Which joint committee does WALLONIE RECYCLAGE fall under?
In its 2024 annual accounts, WALLONIE RECYCLAGE states joint committee 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of WALLONIE RECYCLAGE?
The turnover in financial year 2025 is ≈ €680,000. This figure is estimated from the gross margin of €285,923 and 2,283 comparable companies of the same size. It probably lies between €410,000 and €1.1m. It is a rough estimate. In financial year 2022 turnover was €0.
Is WALLONIE RECYCLAGE profitable?
In financial year 2025, WALLONIE RECYCLAGE made a profit of €205,401.
Where can I find the annual accounts of WALLONIE RECYCLAGE?
WALLONIE RECYCLAGE filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WALLONIE RECYCLAGE due?
WALLONIE RECYCLAGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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