RECYMEX
ActiveSummary
RECYMEX has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.53M and a net result of €220k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 272 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-7
Solvency64▲+2
Growth66▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 3.62 in 2023; short-term debt: 19.6% and cash: 19.9% of total assets), but 61.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.9%
Return on assets
3.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
44 d early
2022
34 d early
2021
38 d early
2020
27 d early
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€5.54M▲ 10.8%
2023 · €5.00M
2018: €4.59M
2019: €3.88M
2020: €3.56M
2021: €4.26M
2022: €3.90M
2023: €5.00M
2018 → 2024
EBIT margin
4.4%▼ 4.5pp
2023 · 8.9%
2018: 0.6%
2019: 17.1%
2020: 4.0%
2021: 4.0%
2022: 1.4%
2023: 8.9%
2018 → 2024
Net result
€220k▼ 33.7%
2023 · €332k
2018: €41k
2019: €468k
2020: €167k
2021: €114k
2022: €54k
2023: €332k
2018 → 2024
Working capital
€2.60M▼ 11.9%
2023 · €2.95M
2018: €1.26M
2019: €1.04M
2020: €1.37M
2021: €2.40M
2022: €2.16M
2023: €2.95M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€3.56M-€4.26M▲ 19.6%€3.90M▼ 8.4%€5.00M▲ 28.2%€5.54M▲ 10.8%
Equity€1.92M-€1.98M▲ 3.2%€2.02M▲ 2.2%€2.33M▲ 15.2%€2.53M▲ 8.6%
Operating result€143k-€170k▲ 18.8%€55k▼ 67.7%€442k▲ 706%€243k▼ 45.0%
Net result€167k-€114k▼ 31.5%€54k▼ 52.7%€332k▲ 514%€220k▼ 33.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.51M
Fixed assets
€2.63M ▲ 19.3%
Current assets
€3.88M ▼ 4.9%
Equity and liabilities €6.51M
Equity
€2.53M ▲ 8.6%
Provisions
€2.06M ▼ 14.7%
Debt
€1.93M ▲ 24.4%
Debt's share of the balance-sheet total rises from 24.6% to 29.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€690k▼
2023 · €810k
Cash flow
€667k▼
2023 · €700k
Current ratio
3.03▼
2023 · 3.62
Quick ratio
2.87▼
2023 · 3.38
Debt to equity
0.76▲
2023 · 0.66
ROE
8.7%▼
2023 · 14.3%
ROA
3.4%▼
2023 · 5.3%
Interest coverage
14.66▼
2023 · 23.45
Debt ≤ 1 year
€1.28M▲
2023 · €1.13M
Debt > 1 year
€647k▲
2023 · €419k
Income taxes
€34k▼
2023 · €107k
Staff costs
€1.04M▲
2023 · €913k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 77 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.29M€6.51M▲
Fixed assets21/28€2.21M€2.63M▲
Intangible fixed assets21€28k€109k▲
Tangible fixed assets22/27€1.96M€2.30M▲
Land and buildings22€1.14M€1.23M▲
Plant, machinery and equipment23€188k€191k▲
Furniture and vehicles24€18k€12k▼
Leasing and similar rights25€615k€873k▲
Financial fixed assets28€220k€220k=
Current assets29/58€4.08M€3.88M▼
Stocks and contracts in progress3€271k€209k▼
Stocks30/36€271k€209k▼
Amounts receivable within one year40/41€1.55M€1.50M▼
Trade receivables40€1.41M€1.34M▼
Other amounts receivable41€145k€155k▲
Current investments50/53€841k€841k=
Cash at bank and in hand54/58€1.37M€1.30M▼
Deferred charges and accrued income490/1€51k€39k▼
Equity and liabilities
Total equity and liabilities10/49€6.29M€6.51M▲
Equity10/15€2.33M€2.53M▲
Contributions10/11€992k€992k=
Capital10€992k€992k=
Issued capital100€992k€992k=
Reserves13€1.32M€1.52M▲
Non-distributable reserves130/1€207k€207k=
Legal reserve130€99k€99k=
Own shares acquired1312€101k€101k=
Other1319€6k€6k=
Tax-exempt reserves132-€31k
Distributable reserves133€1.12M€1.29M▲
Investment grants15€17k€17k=
Provisions and deferred taxes16€2.41M€2.06M▼
Provisions for liabilities and charges160/5€2.40M€2.04M▼
Other liabilities and charges164/5€2.40M€2.04M▼
Deferred taxes168€9k€19k▲
Amounts payable17/49€1.55M€1.93M▲
Amounts payable after more than one year17€419k€647k▲
Financial debts170/4€419k€647k▲
Amounts payable within one year42/48€1.13M€1.28M▲
Current portion of amounts payable after more than one year42€249k€319k▲
Trade debts44€780k€853k▲
Suppliers440/4€780k€853k▲
Advances received on contracts in progress46€18k€517▼
Taxes, remuneration and social security45€57k€87k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€53k€81k▲
Other amounts payable47/48€25k€20k▼
Income statement
Code20232024
Turnover70€5.00M€5.54M▲
Non-recurring operating income76A€0€50k▲
Goods, raw materials, services and sundry goods60/61€2.79M€4.15M▲
Remuneration, social security and pensions62€913k€1.04M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€368k€447k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€65k€-150k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€538k€-364k▼
Other operating charges640/8€35k€68k▲
Non-recurring operating charges66A-€500
Gross operating margin9900€2.36M€1.29M▼
Operating profit (loss)9901€442k€243k▼
Financial income75/76B€33k€69k▲
Recurring financial income75€33k€69k▲
Financial charges65/66B€36k€47k▲
Recurring financial charges65€35k€47k▲
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€439k€265k▼
Transfer from deferred taxes780-€2k
Transfer to deferred taxes680-€13k
Income taxes67/77€107k€34k▼
Profit (loss) for the period9904€332k€220k▼
Transfer from tax-exempt reserves789-€7k
Transfer to tax-exempt reserves689-€38k
Profit (loss) for the period to be appropriated9905€332k€190k▼
Appropriation of the result
Profit (loss) to be appropriated9906€332k€190k▼
Transfer to equity691/2€307k€170k▼
To other reserves6921€307k€170k▼
Profit to be distributed694/7€25k€20k▼
Other beneficiaries697€25k€20k▼
Social balance
Average headcount (FTE)908713.113.8▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-07
State Gazette act
Resignation: Laurent Picron (représentant veolia treatment & recycling be sa)Appointments: Karen De Boeck, Bernard Cornez and 8 others13 facts ▸
State Gazette act
Resignation: Laurent Picron (représentant veolia treatment & recycling be sa)
Appointments: Karen De Boeck, Bernard Cornez and 8 others13 facts ▸
- General meeting, 03/06/2026
- Director resignation, Laurent Picron (représentant veolia treatment & recycling be sa)
- Director appointment, Karen De Boeck (représentante veolia treatment & recycling be sa)
- Director appointment, Bernard Cornez (chair)
- Director appointment, Norbert Koeckelberg (représentant entreprises koeckelberg sa)
- Director appointment, Brice Barigand (représentant hygea)
- Director appointment, Karen De Boeck (représentante veolia treatment & recycling)
- Director appointment, Benoit Remacle (représentant veolia environmental services belux)
- Director appointment, Guy Dufrasne (director)
- Director appointment, Philippe TELLER (représentant tibi)
- Director appointment, Sophie Al Assouad (director)
- Director appointment, Philippe Scauflaire (director)
- +1 further facts in this act
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €2.02M ▲2.2%
5 profitable years in a row build equity to €2.02M.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Highest result since 2018net €468k ▲1027%
Operating result €664k, net result €468k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26097880). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
CORNEZ BERNARD
CurrentChair · since 29-07-2026
David LAMY
CurrentDirector · since 29-07-2026
Guy Dufrasne
CurrentDirector · since 29-07-2026
Philippe SCAUFLAIRE
CurrentDirector · since 29-07-2026
Sophie Al Assouad
CurrentDirector · since 29-07-2026
29-07-2026
CORNEZ BERNARD: Appointed as Chair
29-07-2026
David LAMY: Appointed as Director
29-07-2026
Guy Dufrasne: Appointed as Director
29-07-2026
Philippe SCAUFLAIRE: Appointed as Director
29-07-2026
Sophie Al Assouad: Appointed as Director
Location & real-estate footprint
Registered office, Saint-Ghislain · 2 establishment units since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Roseaux(B) 627331 Saint-GhislainGround area
87.9 ha
Building footprint
5.1 ha
Volume, LiDAR
41,440 m³
2 parcels, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
RECYMEX SA
since 19972.143.006.251
RECYMEX SA
since 20092.181.975.903
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009B1000/00E007 | Wallonia | 87.4 ha | 1 · 4.8 ha | - |
| 52018D0269/00G000 | Wallonia | 5,065 m² | 1 · 2,893 m² | 15.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
16 connected companiesLinked via shared directors
via Philippe SCAUFLAIRE · Administrateur gérant
→
via David LAMY · Director
→
via Benoit REMACLE · Director
→
via Benoit REMACLE and David LAMY · Director
→
Show 12 more companies with a shared director
via CORNEZ BERNARD, Benoit REMACLE and 2 others · Director
→
via David LAMY · Class B director
→
via Benoit REMACLE · Director
→
via Philippe SCAUFLAIRE and David LAMY
→
via David LAMY · Director
→
via CORNEZ BERNARD and David LAMY · Director
→
via Benoit REMACLE · Director
→
via CORNEZ BERNARD · Director
former→
via CORNEZ BERNARD · Chair
former→
via David LAMY · Director
former→
via Benoit REMACLE · Daily management delegate
former→
via Benoit REMACLE · Director
former→
Similar companies · same sector, comparable size
TOP-MIX RECYCLING
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DEFEDER SAMAGRO
BE 0430.063.653
Alveringem · Eq €2.50M
Ecoson Nutrients
BE 0474.847.959
Beveren-Kruibeke-Zwijndrecht · Eq €2.49M
SMETCO
BE 0449.295.288
Waasmunster · Eq €2.47M
GROND RECYCLAGE CENTRUM
BE 0456.950.667
Beveren-Kruibeke-Zwijndrecht · Eq €2.43M
Of 279 companies in sector 38330 we hold annual accounts for 240. 169 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.recymex.be