AIM Recycling Europe
ActiveSummary
AIM Recycling Europe has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14.47M) and a net result of €-32k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+47
Solvency0=
Growth53▲+2
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 0.78 in 2024; short-term debt: 62.6% and cash: 7.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-139.6%
Return on assets
-0.3%
Age of the figures
9 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
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-14.47M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
29 d late
2023
8 d late
2022
49 d early
2021
24 d early
2020
37 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€25.43M▲ 10.0%
2024 · €23.12M
2018: €20.88M
2019: €20.19M▼ -3.3% vs 2018
2020: €16.38M▼ -18.8% vs 2019lowest in 8 years
2021: €33.54M▲ +105% vs 2020highest in 8 years
2022: €29.48M▼ -12.1% vs 2021
2023: €20.88M▼ -29.2% vs 2022
2024: €23.12M▲ +10.7% vs 2023
2025: €25.43M▲ +10.0% vs 2024
2018 → 2025
EBIT margin
0.9%▲ 10.3pp
2024 · -9.4%
2018: -8.0%
2019: 5.2%▲ +165% vs 2018highest in 8 years
2020: -12.3%▼ -339% vs 2019lowest in 8 years
2021: 3.4%▲ +128% vs 2020
2022: 1.2%▼ -64.1% vs 2021
2023: -8.9%▼ -825% vs 2022
2024: -9.4%▼ -6.4% vs 2023
2025: 0.9%▲ +109% vs 2024
2018 → 2025
Net result
€-32k▲ 98.7%
2024 · €-2.45M
2018: €-2.64M
2019: €98k▲ +104% vs 2018
2020: €-2.66M▼ -2821% vs 2019lowest in 8 years
2021: €1.06M▲ +140% vs 2020highest in 8 years
2022: €-246k▼ -123% vs 2021
2023: €-1.75M▼ -613% vs 2022
2024: €-2.45M▼ -39.7% vs 2023
2025: €-32k▲ +98.7% vs 2024
2018 → 2025
Working capital
€-481k▲ 64.1%
2024 · €-1.34M
2018: €-14.62M
2019: €-15.36M▼ -5.1% vs 2018lowest in 8 years
2020: €-14.80M▲ +3.6% vs 2019
2021: €-8.25M▲ +44.3% vs 2020
2022: €-8.90M▼ -7.8% vs 2021
2023: €-684k▲ +92.3% vs 2022
2024: €-1.34M▼ -95.7% vs 2023
2025: €-481k▲ +64.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€33.54M-€29.48M▼ 12.1%€20.88M▼ 29.2%€23.12M▲ 10.7%€25.43M▲ 10.0%
2021: €33.54Mhighest in 5 years
2022: €29.48M▼ -12.1% vs 2021
2023: €20.88M▼ -29.2% vs 2022lowest in 5 years
2024: €23.12M▲ +10.7% vs 2023
2025: €25.43M▲ +10.0% vs 2024
Equity€-9.99M-€-10.23M▼ 2.5%€-11.99M▼ 17.1%€-14.44M▼ 20.5%€-14.47M▼ 0.2%
2021: €-9.99Mhighest in 5 years
2022: €-10.23M▼ -2.5% vs 2021
2023: €-11.99M▼ -17.1% vs 2022
2024: €-14.44M▼ -20.5% vs 2023
2025: €-14.47M▼ -0.2% vs 2024lowest in 5 years
Operating result€1.14M-€361k▼ 68.5%€-1.85M€-2.18M▼ 17.9%€220k
2021: €1.14Mhighest in 5 years
2022: €361k▼ -68.5% vs 2021
2023: €-1.85M▼ -614% vs 2022
2024: €-2.18M▼ -17.9% vs 2023lowest in 5 years
2025: €220k▲ +110% vs 2024
Net result€1.06M-€-246k€-1.75M▼ 613%€-2.45M▼ 39.7%€-32k▲ 98.7%
2021: €1.06Mhighest in 5 years
2022: €-246k▼ -123% vs 2021
2023: €-1.75M▼ -613% vs 2022
2024: €-2.45M▼ -39.7% vs 2023lowest in 5 years
2025: €-32k▲ +98.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €220k after a loss of €2.18M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.36M
Fixed assets
€4.36M ▼ 8.1%
Current assets
€6.00M ▲ 25.6%
Key figures and ratios
EBITDA
€950k▲
2024 · €-1.17M
Cash flow
€697k▲
2024 · €-1.44M
Solvency
-139.6%▲
2024 · -151.6%
Current ratio
0.93▲
2024 · 0.78
Quick ratio
0.69▲
2024 · 0.50
Debt to equity
-1.70▼
2024 · -1.64
ROA
-0.3%▲
2024 · -25.7%
Interest coverage
4.17▲
2024 · -4.28
Debt
€24.61M▲
2024 · €23.74M
Debt ≤ 1 year
€6.48M▲
2024 · €6.12M
Debt > 1 year
€17.77M▲
2024 · €17.04M
Income taxes
€18k▲
2024 · €373
Staff costs
€1.07M▲
2024 · €1.01M
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 · 2025 against 2024 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.52M€10.36M▲
Fixed assets21/28€4.74M€4.36M▼
Tangible fixed assets22/27€4.73M€4.35M▼
Land and buildings22€4.09M€3.73M▼
Plant, machinery and equipment23€462k€414k▼
Furniture and vehicles24€34k€25k▼
Leasing and similar rights25€149k€182k▲
Financial fixed assets28€10k€10k=
Other financial fixed assets284/8€10k€10k=
Amounts receivable and cash guarantees285/8€10k€10k=
Current assets29/58€4.78M€6.00M▲
Stocks and contracts in progress3€1.74M€1.55M▼
Stocks30/36€1.74M€1.55M▼
Raw materials and consumables30/31€771k€572k▼
Finished goods33€905k€946k▲
Goods purchased for resale34€60k€32k▼
Amounts receivable within one year40/41€2.12M€3.63M▲
Trade receivables40€1.83M€3.33M▲
Other amounts receivable41€295k€303k▲
Cash at bank and in hand54/58€855k€774k▼
Deferred charges and accrued income490/1€66k€48k▼
Equity and liabilities
Total equity and liabilities10/49€9.52M€10.36M▲
Equity10/15€-14.44M€-14.47M▼
Contributions10/11€3.00M€3.00M=
Capital10€3.00M€3.00M=
Issued capital100€3.00M€3.00M=
Profit (loss) carried forward14€-17.44M€-17.47M▼
Provisions and deferred taxes16€219k€219k=
Provisions for liabilities and charges160/5€219k€219k=
Other liabilities and charges164/5€219k€219k=
Amounts payable17/49€23.74M€24.61M▲
Amounts payable after more than one year17€17.04M€17.77M▲
Financial debts170/4€17.04M€17.77M▲
Leasing and similar obligations172-€104k
Credit institutions173€3.16M€2.78M▼
Other loans174€13.88M€14.88M▲
Amounts payable within one year42/48€6.12M€6.48M▲
Current portion of amounts payable after more than one year42€787k€443k▼
Financial debts43€2.45M€3.45M▲
Credit institutions430/8€2.45M€3.45M▲
Trade debts44€2.73M€2.43M▼
Suppliers440/4€2.73M€2.43M▼
Advances received on contracts in progress46€49k€49k=
Taxes, remuneration and social security45€105k€115k▲
Taxes450/3€20k€18k▼
Remuneration and social security454/9€85k€97k▲
Accrued charges and deferred income492/3€582k€359k▼
Income statement
Code20242025
Operating income70/76A€23.15M€25.49M▲
Turnover70€23.12M€25.43M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-67k€41k▲
Other operating income74€90k€13k▼
Operating charges60/66A€25.33M€25.27M▼
Goods for resale, raw materials and consumables60€21.61M€21.86M▲
Purchases600/8€21.16M€21.64M▲
Change in stocks: decrease (increase)609€444k€227k▼
Services and other goods61€1.52M€1.54M▲
Remuneration, social security and pensions62€1.01M€1.07M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.01M€730k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€63k-
Other operating charges640/8€92k€68k▼
Non-recurring operating charges66A€20k-
Operating profit (loss)9901€-2.18M€220k▲
Financial income75/76B€17k-
Recurring financial income75€17k-
Other financial income752/9€17k-
Financial charges65/66B€285k€235k▼
Recurring financial charges65€285k€235k▼
Debt charges650€274k€227k▼
Other financial charges652/9€11k€7k▼
Profit (loss) for the period before taxes9903€-2.45M€-14k▲
Income taxes67/77€373€18k▲
Taxes670/3€373€18k▲
Profit (loss) for the period9904€-2.45M€-32k▲
Profit (loss) for the period to be appropriated9905€-2.45M€-32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17.44M€-17.47M▼
Profit (loss) brought forward from the previous period14P€-14.99M€-17.44M▼
Social balance
Average headcount (FTE)908715.714.4▼
The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €32.61M | €29.97M | €20.34M | €23.15M | €25.49M | ▲ 10.1% |
| Turnover70 | €33.54M | €29.48M | €20.88M | €23.12M | €25.43M | ▲ 10.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €-945k | €466k | €-558k | €-67k | €41k | ▲ 161% |
| Other operating income74 | €18k | €21k | €18k | €90k | €13k | ▼ 85.3% |
| Non-recurring operating income76A | - | €3k | - | - | - | - |
| Operating charges60/66A | €31.47M | €29.60M | €22.20M | €25.33M | €25.27M | ▼ 0.2% |
| Goods for resale, raw materials and consumables60 | €27.62M | €25.36M | €17.88M | €21.61M | €21.86M | ▲ 1.2% |
| Purchases600/8 | €27.56M | €24.69M | €17.79M | €21.16M | €21.64M | ▲ 2.2% |
| Change in stocks: decrease (increase)609 | €65k | €668k | €92k | €444k | €227k | ▼ 48.9% |
| Services and other goods61 | €1.43M | €1.89M | €1.73M | €1.52M | €1.54M | ▲ 1.0% |
| Remuneration, social security and pensions62 | €971k | €926k | €1.02M | €1.01M | €1.07M | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.48M | €1.35M | €1.32M | €1.01M | €730k | ▼ 28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €63k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-150k | - | €169k | - | - | - |
| Other operating charges640/8 | €99k | €68k | €66k | €92k | €68k | ▼ 26.2% |
| Non-recurring operating charges66A | €20k | €20k | €20k | €20k | - | - |
| Operating profit (loss)9901 | €1.14M | €361k | €-1.85M | €-2.18M | €220k | ▲ 110% |
| Financial income75/76B | €395k | €3k | €299k | €17k | - | - |
| Recurring financial income75 | €395k | €3k | €299k | €17k | - | - |
| Other financial income752/9 | €395k | €3k | €299k | €17k | - | - |
| Financial charges65/66B | €471k | €617k | €200k | €285k | €235k | ▼ 17.6% |
| Recurring financial charges65 | €471k | €617k | €200k | €285k | €235k | ▼ 17.6% |
| Debt charges650 | €215k | €165k | €186k | €274k | €227k | ▼ 16.9% |
| Other financial charges652/9 | €256k | €452k | €14k | €11k | €7k | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €1.07M | €-253k | €-1.75M | €-2.45M | €-14k | ▲ 99.4% |
| Income taxes67/77 | €8k | €-7k | €494 | €373 | €18k | ▲ 4,657% |
| Taxes670/3 | €8k | €490 | €494 | €373 | €18k | ▲ 4,657% |
| Tax adjustments and reversals of tax provisions77 | - | €7k | - | - | - | - |
| Profit (loss) for the period9904 | €1.06M | €-246k | €-1.75M | €-2.45M | €-32k | ▲ 98.7% |
| Profit (loss) for the period to be appropriated9905 | €1.06M | €-246k | €-1.75M | €-2.45M | €-32k | ▲ 98.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.50M | €14.08M | €11.30M | €9.52M | €10.36M | ▲ 8.8% |
| Fixed assets21/28 | €8.28M | €7.09M | €5.88M | €4.74M | €4.36M | ▼ 8.1% |
| Tangible fixed assets22/27 | €8.27M | €7.08M | €5.87M | €4.73M | €4.35M | ▼ 8.1% |
| Land and buildings22 | €5.15M | €4.80M | €4.44M | €4.09M | €3.73M | ▼ 8.8% |
| Plant, machinery and equipment23 | €943k | €896k | €798k | €462k | €414k | ▼ 10.4% |
| Furniture and vehicles24 | €3k | €3k | €2k | €34k | €25k | ▼ 25.5% |
| Leasing and similar rights25 | €2.17M | €1.38M | €624k | €149k | €182k | ▲ 22.2% |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €10k | = |
| Other financial fixed assets284/8 | €10k | €10k | €10k | €10k | €10k | = |
| Amounts receivable and cash guarantees285/8 | €10k | €10k | €10k | €10k | €10k | = |
| Current assets29/58 | €6.23M | €6.99M | €5.42M | €4.78M | €6.00M | ▲ 25.6% |
| Stocks and contracts in progress3 | €3.10M | €2.90M | €2.31M | €1.74M | €1.55M | ▼ 10.7% |
| Stocks30/36 | €3.10M | €2.90M | €2.31M | €1.74M | €1.55M | ▼ 10.7% |
| Raw materials and consumables30/31 | €1.72M | €1.20M | €1.20M | €771k | €572k | ▼ 25.7% |
| Finished goods33 | €1.06M | €1.53M | €972k | €905k | €946k | ▲ 4.5% |
| Goods purchased for resale34 | €315k | €169k | €73k | €60k | €32k | ▼ 47.7% |
| Advance payments36 | - | - | €63k | - | - | - |
| Amounts receivable within one year40/41 | €2.48M | €1.81M | €1.60M | €2.12M | €3.63M | ▲ 71.0% |
| Trade receivables40 | €2.39M | €1.66M | €1.28M | €1.83M | €3.33M | ▲ 82.1% |
| Other amounts receivable41 | €89k | €154k | €324k | €295k | €303k | ▲ 2.6% |
| Cash at bank and in hand54/58 | €555k | €2.23M | €1.47M | €855k | €774k | ▼ 9.5% |
| Deferred charges and accrued income490/1 | €93k | €50k | €38k | €66k | €48k | ▼ 26.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.50M | €14.08M | €11.30M | €9.52M | €10.36M | ▲ 8.8% |
| Equity10/15 | €-9.99M | €-10.23M | €-11.99M | €-14.44M | €-14.47M | ▼ 0.2% |
| Contributions10/11 | €3.00M | €3.00M | €3.00M | €3.00M | €3.00M | = |
| Capital10 | €3.00M | €3.00M | €3.00M | €3.00M | €3.00M | = |
| Issued capital100 | €3.00M | €3.00M | €3.00M | €3.00M | €3.00M | = |
| Profit (loss) carried forward14 | €-12.99M | €-13.23M | €-14.99M | €-17.44M | €-17.47M | ▼ 0.2% |
| Provisions and deferred taxes16 | €50k | €50k | €219k | €219k | €219k | = |
| Provisions for liabilities and charges160/5 | €50k | €50k | €219k | €219k | €219k | = |
| Other liabilities and charges164/5 | €50k | €50k | €219k | €219k | €219k | = |
| Amounts payable17/49 | €24.44M | €24.26M | €23.07M | €23.74M | €24.61M | ▲ 3.7% |
| Amounts payable after more than one year17 | €8.51M | €7.43M | €16.43M | €17.04M | €17.77M | ▲ 4.3% |
| Financial debts170/4 | €8.51M | €7.43M | €16.43M | €17.04M | €17.77M | ▲ 4.3% |
| Leasing and similar obligations172 | €1.62M | €919k | €391k | - | €104k | - |
| Credit institutions173 | €4.32M | €3.94M | €3.55M | €3.16M | €2.78M | ▼ 11.8% |
| Other loans174 | €2.57M | €2.57M | €12.48M | €13.88M | €14.88M | ▲ 7.2% |
| Amounts payable within one year42/48 | €14.48M | €15.89M | €6.11M | €6.12M | €6.48M | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | €1.09M | €1.05M | €892k | €787k | €443k | ▼ 43.7% |
| Financial debts43 | €10.82M | €11.46M | €2.50M | €2.45M | €3.45M | ▲ 40.8% |
| Credit institutions430/8 | €2.71M | €1.25M | €2.50M | €2.45M | €3.45M | ▲ 40.8% |
| Other loans439 | €8.10M | €10.21M | - | - | - | - |
| Trade debts44 | €2.46M | €3.28M | €2.59M | €2.73M | €2.43M | ▼ 11.0% |
| Suppliers440/4 | €2.46M | €3.28M | €2.59M | €2.73M | €2.43M | ▼ 11.0% |
| Advances received on contracts in progress46 | - | - | - | €49k | €49k | = |
| Taxes, remuneration and social security45 | €110k | €97k | €121k | €105k | €115k | ▲ 9.5% |
| Taxes450/3 | €24k | €19k | €17k | €20k | €18k | ▼ 12.0% |
| Remuneration and social security454/9 | €85k | €78k | €104k | €85k | €97k | ▲ 14.6% |
| Accrued charges and deferred income492/3 | €1.45M | €948k | €536k | €582k | €359k | ▼ 38.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.06M | €-246k | €-1.75M | €-2.45M | €-32k | ▲ 98.7% |
| + Depreciation and write-downs630 | €1.48M | €1.35M | €1.32M | €1.01M | €730k | ▼ 28.0% |
| Operating cash flow (approximation) | €2.54M | €1.10M | €-434k | €-1.44M | €697k | ▲ 148% |
| Investment in fixed assets (approximation) | - | €-164k | €-107k | €125k | €-348k | ▼ 379% |
| Change in cash | - | €1.68M | €-758k | €-619k | €-81k | ▲ 86.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
State Gazette act
Resignation: Richard Black (director)1 fact ▸
State Gazette act
Resignation: Richard Black (director)
1 fact ▸
- Director resignation, Richard Black (director)
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 11 days late
2025
30-10
State Gazette act
Reappointment: Ernst en Young (statutory auditor)Permanent representative: Line Vyvey3 facts ▸
State Gazette act
Reappointment: Ernst en Young (statutory auditor)
Permanent representative: Line Vyvey3 facts ▸
- General meeting, 04-08-2025
- Auditor reappointment, Ernst en Young (statutory auditor)
- Permanent representative, Line Vyvey
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
06-12
State Gazette act
Permanent representative: Evelien De Groote1 fact ▸
State Gazette act
Permanent representative: Evelien De Groote
1 fact ▸
- Permanent representative, Evelien De Groote
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-10
State Gazette act
Reappointments: Herbert Black, Richard Black and 3 othersPermanent representative: Francis Boelens · Auditor agreement9 facts ▸
State Gazette act
Reappointments: Herbert Black, Richard Black and 3 others
Permanent representative: Francis Boelens · Auditor agreement9 facts ▸
- Board meeting, 16-05-2022
- Director reappointment, Herbert Black (managing director)
- General meeting, 07-06-2022
- Director reappointment, Richard Black (director)
- Director reappointment, Mike Greulich (director)
- Director reappointment, Rüdiger Mehlhorn (director)
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren CVBA
- Permanent representative, Francis Boelens
- Auditor agreement, 13-09-2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
11-05
State Gazette act
Reappointments: Herbert Black, Ronald Black and Mike Greulich4 facts ▸
State Gazette act
Reappointments: Herbert Black, Ronald Black and Mike Greulich
4 facts ▸
- General meeting, 07-06-2021
- Director reappointment, Herbert Black (director)
- Director reappointment, Ronald Black (director)
- Director reappointment, Mike Greulich (director)
2021
31-12
Financial
Back to profitnet €1.06M
Net result €1.06M after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Weakest financial yearnet €-2.66M
Net result drops to €-2.66M, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
03-02
State Gazette act
Reappointment: Emst & Young Bedrijfsrevisoren CVBA (statutory auditor)Permanent representative: Francis Boelens3 facts ▸
State Gazette act
Reappointment: Emst & Young Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative: Francis Boelens3 facts ▸
- General meeting, 03-06-2019
- Auditor reappointment, Emst & Young Bedrijfsrevisoren CVBA (statutory auditor)
- Permanent representative, Francis Boelens
15-01
State Gazette act
MiscellaneousGeneral meeting1 fact ▸
State Gazette act
Miscellaneous
General meeting1 fact ▸
- General meeting, 20-12-2019
2019
31-12
Financial
Back to profitnet €98k
Net result €98k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
24-01
State Gazette act
Resignation: Chris Henault (director)2 facts ▸
State Gazette act
Resignation: Chris Henault (director)
2 facts ▸
- General meeting, 08-01-2019
- Director resignation, Chris Henault (director)
02-01
State Gazette act
Appointments: Rüdiger Hans Mehlhorn (director) and Mike Volker Greulich (director)3 facts ▸
State Gazette act
Appointments: Rüdiger Hans Mehlhorn (director) and Mike Volker Greulich (director)
3 facts ▸
- General meeting, 06-12-2018
- Director appointment, Rüdiger Hans Mehlhorn (director)
- Director appointment, Mike Volker Greulich (director)
2018
13-08
State Gazette act
Statutes amendmentRegistered-office move · Capital4 facts ▸
State Gazette act
Statutes amendment
Registered-office move · Capital4 facts ▸
- General meeting, 23-07-2018
- Registered-office move, 8400 Oostende, Marie Curielaan 12
- Statutes amendment
- Capital, €3.000.000
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
16-05
State Gazette act
Appointment: Filip Melis (voorlopig bewindvoerder)Resignation: Rik Crivits (voorlopig bewindvoerder) · Power of attorney3 facts ▸
State Gazette act
Appointment: Filip Melis (voorlopig bewindvoerder)
Resignation: Rik Crivits (voorlopig bewindvoerder) · Power of attorney3 facts ▸
- Director appointment, Filip Melis (voorlopig bewindvoerder)
- Director resignation, Rik Crivits (voorlopig bewindvoerder)
- Power of attorney, Filip Melis
11-05
State Gazette act
Resignations: TWINS BVBA (director) and Leendert Gerrits (director)Appointments: Richard Black (director) and Chris Henault (director) · Mandate compensation7 facts ▸
State Gazette act
Resignations: TWINS BVBA (director) and Leendert Gerrits (director)
Appointments: Richard Black (director) and Chris Henault (director) · Mandate compensation7 facts ▸
- General meeting, 26-04-2018
- Director resignation, TWINS BVBA (director)
- Director resignation, Leendert Gerrits (director)
- Director appointment, Richard Black (director)
- Director appointment, Chris Henault (director)
- Mandate compensation, Richard Black
- Mandate compensation, Chris Henault
08-01
State Gazette act
Resignation: TWINS BVBA (managing director)Appointment: Herbert Black (managing director) · Power of attorney4 facts ▸
State Gazette act
Resignation: TWINS BVBA (managing director)
Appointment: Herbert Black (managing director) · Power of attorney4 facts ▸
- Board meeting, 14-12-2017
- Director resignation, TWINS BVBA (managing director)
- Director appointment, Herbert Black (managing director)
- Power of attorney, Herbert Black
2017
11-07
State Gazette act
Permanent representative: Ken Vanden BroeleRegistered-office move2 facts ▸
State Gazette act
Permanent representative: Ken Vanden Broele
Registered-office move2 facts ▸
- Registered-office move, Marie Curielaan 12 te 8400 Oostende
- Permanent representative, Ken Vanden Broele
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
24-04
State Gazette act
Permanent representative: Francis Boelens2 facts ▸
State Gazette act
Permanent representative: Francis Boelens
2 facts ▸
- Board meeting
- Permanent representative, Francis Boelens
2015
13-08
State Gazette act
MiscellaneousChange of control2 facts ▸
State Gazette act
Miscellaneous
Change of control2 facts ▸
- General meeting, 13-07-2015
- Change of control, wijziging van controle
03-08
State Gazette act
Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)Power of attorney4 facts ▸
State Gazette act
Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Power of attorney4 facts ▸
- General meeting, 20-07-2015
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
- Power of attorney, Susana Gonzalez Melon
- Power of attorney, Allen & Overy LLP
29-07
State Gazette act
Appointments: Herbert Black (chair of the board) and TWINS BVBA (managing director)Permanent representative: Ken Vanden Broele · Power of attorney5 facts ▸
State Gazette act
Appointments: Herbert Black (chair of the board) and TWINS BVBA (managing director)
Permanent representative: Ken Vanden Broele · Power of attorney5 facts ▸
- Board meeting, 13-07-2015
- Director appointment, Herbert Black (chair of the board)
- Director appointment, TWINS BVBA (managing director)
- Permanent representative, Ken Vanden Broele
- Power of attorney, Susana González Melón
15-07
State Gazette act
IncorporationAppointments: BLACK Herbert, BLACK Ronald Allan and 2 others · Permanent representative: VANDEN BROELE Ken · Founding capital11 facts ▸
State Gazette act
Incorporation
Appointments: BLACK Herbert, BLACK Ronald Allan and 2 others · Permanent representative: VANDEN BROELE Ken · Founding capital11 facts ▸
- Incorporation, 13-07-2015
- Founding capital, €3.000.000
- Bank account, BNP Paribas Fortis, BE64 0017 5774 2252
- Director appointment, BLACK Herbert (director)
- Director appointment, BLACK Ronald Allan (director)
- Director appointment, GERRITS Leendert Gerrit (director)
- Director appointment, TWINS (director)
- Permanent representative, VANDEN BROELE Ken
- Mandate compensation, AIM Recycling Europe
- Obligation assumption, Leningsovereenkomst d.d. 9 juli 2015 tussen Waste Management BVBA (leningnemer), American Iron & Metal Company Inc. (leninggever) en de vennootschap (in opricht…
- Obligation assumption, Verzekeringspolis bij Baloise Insurance NV, Polis Diversen nr. 4025571
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
19 of 19 acts read
Directors · office · real estate
Directors
10 directors, no change since 2026
Mike Greulich
CurrentDirector · since 07-06-2021
Ronald Black
CurrentDirector · since 07-06-2021
Herbert Black
CurrentDirector · since 13-07-2015
Rüdiger Mehlhorn
CurrentDirector
Mike Volker Greulich
Not recently confirmedDirector · since 06-12-2018
Rüdiger Hans Mehlhorn
Not recently confirmedDirector · since 06-12-2018
4 other directors
Filip Melis
Not recently confirmedVoorlopig bewindvoerder · since 17-04-2018
BLACK Ronald Allan
Not recently confirmedDirector · since 13-07-2015
GERRITS Leendert Gerrit
Not recently confirmedDirector · since 13-07-2015
TWINS
Not recently confirmedDirector · since 13-07-2015 · Private limited company · perm. rep.: VANDEN BROELE Ken
21-08-2026
Richard Black: Resigned as Director
07-06-2021
Mike Greulich: Mandate renewed as Director
07-06-2021
Ronald Black: Mandate renewed as Director
07-06-2021
Herbert Black: Mandate renewed as Director
08-01-2019
Chris Henault: Resigned as Director
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2015
Ground area
2.9 ha
Building footprint
4,042 m²
Volume, LiDAR
1,671 m³
Parcel 35026D0612/00A000, Flanders · tallest building 2.1 m. Linked by address, not a title deed.
1 establishment unit
AIM Recycling Europe
since 20152.243.566.844
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026D0612/00A000 | Flanders | 2.9 ha | 1 · 4,042 m² | 2.1 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Ernst en YoungCurrent Statutory auditor · represented by Line Vyvey | 20-07-2015 → present |
Articles of association
Purpose
Trading en consultancy in de meest ruime zin van het woord; Productie van aluminium; Productie van koper; Recycling van metaalafval; Recycling van niet-metaalafval; Groothandel in…
Full purpose
Trading en consultancy in de meest ruime zin van het woord; Productie van aluminium; Productie van koper; Recycling van metaalafval; Recycling van niet-metaalafval; Groothandel in onderdelen en accessoires van auto's; Kleinhandel in onderdelen en accessoires van auto's; Import en export van onderdelen en accessoires van auto's; Groothandel in ferro- en non-ferrometaalertsen; Groothandel in afval en schroot; Groothandel in nieuw ijzer; Kleinhandel in nieuw ijzer; Kleinhandel in drogisterijartikelen en onderhoudsproducten; en Onderhoud en reparatie van auto's en allerhande voertuigen.
Structure & network
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 15-07-2015 ↗
- AMERICAN IRON & METAL COMPANY Inc. (BE 0632.843.638) 50,000 shares (50%)
- WASTE MANAGEMENT (BE 0555.883.739) 50,000 shares (50%)
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 13-08-2018 Capital stated in the act · 3,000,000 EUR · 100,000 shares
- 15-07-2015 Incorporation · 3,000,000 EUR · 100,000 shares
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Of 977 companies in sector 38210 we hold annual accounts for 585. 331 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
Scores and ratios are computed by Checked and are not a credit decision.