Materials recovery from waste
Filed accounts
NACE 38210 · financial year 2025 · 567 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 40.1% | 39.5% | 38.9% | 41.6% | 42.5% | 39.4% |
| Median net result | €47,971 | €89,800 | €86,910 | €51,790 | €40,930 | €33,087 |
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Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 21-10-2026 | Macors, Michaël
BE 0508.547.541 · sole trader · Hamois |
| 19-10-2026 | MATRAS RECYCLING EU BELGIË
BE 0769.739.144 |
| 06-07-2026 | E-SUDUR
BE 0845.316.594 |
| 15-06-2026 | SEVEN – METAL
BE 0805.281.627 |
| 04-05-2026 | Amiante Group
BE 0744.957.723 |
| 13-03-2026 | Dodi, Dechanel
BE 0797.188.659 · sole trader · Enghien |
| 18-02-2026 | FLAUREA CHEMICALS
BE 0536.756.626 |
| 11-02-2026 | FROMTO Houthalen
BE 0439.289.343 |
Spread across the country
by region and province · 725 of 967 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 38 on the map, by municipality and down to the address
Largest employers
NACE 38210 as first main activity · staff from the latest accounts- 1 GALLOOMenen 277 FTEfinancial year 2025
- 2 TERRE asblHerstal 244 FTEfinancial year 2025
- 3 RESETGenk 201 FTEfinancial year 2025
- 4 COMET TRAITEMENTSChâtelet 175 FTEfinancial year 2025
- 5 BRUXELLES ENERGIE - BRUSSEL ENERGIEBrussels 118 FTEfinancial year 2025
Joint committees
from the latest accounts of 339 companies- 200 Auxiliary committee for white-collar workers 197
- 142.01 Recovery of raw materials 77
- 142.04 Recovery of raw materials 63
- 124 Construction 55
- 207 White-collar workers in the chemical industry 26
- 116 Chemical industry 22
- 142.03 Recovery of raw materials 16
- 121 Cleaning 14
Show the 12 others
- 142 Recovery of raw materials 14
- 100 Auxiliary committee for blue-collar workers 12
- 142.02 Recovery of raw materials 10
- 140.03 Road transport and logistics for third parties 6
- 111 Metal, mechanical and electrical engineering 4
- 119 Food trade 4
- 145 Horticulture 4
- 149.04 Metal trade 4
- 201 Independent retail 4
- 220 White-collar workers in the food industry 4
- 337 Auxiliary committee for the non-profit sector 4
- 112 Garages 3
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 38: Waste collection and treatment
Related activities
2 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Waste collection, recovery and disposal activities38230 | 9 | 1 | 0 | 47 |
| Waste collection, recovery and disposal activities38220 | 3 | 0 | 0 | 52 |
Bankruptcies per year in division 38
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 16 | 19 | 13 | 10 | 15 | 11 | 13 | 8 | 18 | 14 | 20 | 12 |
| Jobs lost | 29 | 93 | 31 | 10 | 26 | 28 | 23 | 8 | 44 | 53 | 38 | 45 |
2026 through June. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.
Staff cost per FTE in NACE division 38
379 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €63,000 | €52,400 to €76,100 | 172 |
| 10 to 49 FTE | €70,300 | €57,600 to €81,600 | 143 |
| 50 to 249 FTE | €72,600 | €67,100 to €87,700 | 50 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Foreign control in NACE division 38
983 registered companiesSubsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €79.2m awarded
- Wallonia-Brussels Federation €498,572 paid
- Federal transfers 143.3m amount as published
- EU budget €28.0m attributed share
- EU research €17.7m EU contribution
Insights on Materials recovery from waste
Balance sheet and result. The median net result of €33,087 is above Belgium's €16,497. Return on equity of 7.6% is below Belgium's 15.9%. 31.6% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. In 12 months, 10.3 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 89% of the 88 NACE divisions. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.
Inflow and structure. Half of the companies are younger than 13.9 years, against 8.1 years in Belgium. Wallonia holds 31.8% of the seats, against 22.7% in Belgium. 25.0% of the companies are sole traders, against 41.6% in Belgium.
Staff and filing. 34.1% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 1,014 of the 4,706 FTE: 21.6%.
Direction. The median net result fell from €47,971 in financial year 2020 to €33,087 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 09-11-2026 05:30.
Method and sources
Every company registered today counts under its main activities in the KBO. Establishment units do not count. Staff counts once, under the employer's first main activity, from its latest accounts and only where it fits the staff costs. The count follows the NACE 2025 classification, the version in which code 38210 exists.
The bankruptcies over five years count only companies still registered today, because the activity of a company that left the register is not kept. So they are fewer than the bankruptcies of those years, and the figure is not a probability for the future. Over twelve months the count is nearly complete, because a bankrupt company stays registered while its bankruptcy runs. A company with more than one main activity counts in each of those sectors.
The comparison with Belgium as a whole and with the other NACE divisions rests on an overview of every division, counted again each night. Each division is counted in the version of the NACE classification in which it exists. A standing such as "more than in 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Belgium here counts the 1,276,461 companies with a main activity, because only those belong to a division. The other 699,442 registrations publish no activity.
Each median is the value of the middle company, computed over the annual accounts of financial year 2025, and is shown only from 30 accounts. A share (loss-making, negative equity) counts that year's accounts with that trait. Accounts are late when they are filed after the statutory deadline. The direction per financial year follows the companies still registered today. Missing or 90 days late counts the companies with accounts missing today, or whose latest were filed more than 90 days after the deadline. The dossier follows the same rule.