RECYWOOD
ActiveRECYWOOD has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €979k and a net result of €126k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-3
Solvency92▼-8
Growth62=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 6.47 in 2024; short-term debt: 33.4% and cash: 50.3% of total assets), and 33.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 2025Solvency, return and age of the figures
Solvency
66.6%
Return on assets
8.6%
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
21 d early
2022
91 d late
2021
106 d late
2020
30 d late
2019
8 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€769k▼ 10.4%
2020 · €859k
2018: €784k
2019: €764k
2020: €859k
2018 → 2021
EBIT margin
34.6%▲ 6.0pp
2020 · 28.6%
2018: 14.5%
2019: 16.8%
2020: 28.6%
2018 → 2021
Net result
€126k▲ 25.6%
2024 · €101k
2018: €84k
2019: €97k
2020: €189k
2021: €227k
2022: €154k
2023: €126k
2024: €101k
2018 → 2025
Working capital
€439k▼ 18.6%
2024 · €540k
2018: €390k
2019: €269k
2020: €309k
2021: €308k
2022: €288k
2023: €491k
2024: €540k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€769k-
Equity€684k-€626k▼ 8.5%€752k▲ 20.2%€853k▲ 13.4%€979k▲ 14.8%
Operating result€266k-€205k▼ 22.9%€170k▼ 17.1%€133k▼ 21.7%€167k▲ 25.7%
Net result€227k-€154k▼ 32.1%€126k▼ 18.1%€101k▼ 20.2%€126k▲ 25.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€540k▲ 72.4%
Current assets
€932k▲ 45.9%
Equity and liabilities €1.47M
Equity
€979k▲ 14.8%
Debt
€492k▲ 399%
The debt ratio rises from 10.4% to 33.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€296k▲
2024 · €246k
Cash flow
€255k▲
2024 · €213k
Solvency
66.6%▼
2024 · 89.6%
Current ratio
1.89▼
2024 · 6.47
Quick ratio
1.81▼
2024 · 6.26
Debt / equity
0.50▲
2024 · 0.12
ROE
12.9%▲
2024 · 11.8%
ROA
8.6%▼
2024 · 10.6%
Interest coverage
261.30▲
2024 · 174.38
Debt
€492k▲
2024 · €99k
Debt ≤ 1 year
€492k▲
2024 · €99k
Income taxes
€45k▲
2024 · €35k
Staff costs
€71k▲
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€951k€1.47M▲
Fixed assets21/28€313k€540k▲
Tangible fixed assets22/27€313k€539k▲
Land and buildings22€38k€28k▼
Plant, machinery and equipment23€61k€372k▲
Furniture and vehicles24€192k€118k▼
Other tangible fixed assets26€22k€21k▼
Financial fixed assets28€270€270=
Current assets29/58€638k€932k▲
Stocks and contracts in progress3€21k€39k▲
Stocks30/36€21k€39k▲
Amounts receivable within one year40/41€60k€142k▲
Trade receivables40€52k€76k▲
Other amounts receivable41€9k€67k▲
Cash at bank and in hand54/58€551k€739k▲
Deferred charges and accrued income490/1€6k€11k▲
Equity and liabilities
Total equity and liabilities10/49€951k€1.47M▲
Equity10/15€853k€979k▲
Contributions10/11€19k€19k=
Reserves13€834k€960k▲
Tax-exempt reserves132€64k€64k=
Distributable reserves133€770k€896k▲
Amounts payable17/49€99k€492k▲
Amounts payable within one year42/48€99k€492k▲
Current portion of amounts payable after more than one year42€20k-
Trade debts44€53k€469k▲
Suppliers440/4€53k€469k▲
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€13k€5k▼
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€10k€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€53k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€129k▲
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A€895-
Gross operating margin9900€304k€372k▲
Operating profit (loss)9901€133k€167k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€135k€171k▲
Income taxes67/77€35k€45k▲
Profit (loss) for the period9904€101k€126k▲
Profit (loss) for the period to be appropriated9905€101k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€101k€126k▲
Transfer to equity691/2€101k€126k▲
To other reserves6921€101k€126k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 106 days late
2021
31-12
Financial
Highest result since 2018net €227k ▲20%
Operating result €266k, net result €227k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €500kEq €537k ▲25.5%
3 profitable years in a row build equity to €537k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 1991
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.
Vierschaar 108531 HarelbekeGround area
5,138 m²
Building footprint
1,236 m²
Volume, LiDAR
9,892 m³
Parcel 34004B0143/00Y000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RECYWOOD
since 19912.053.129.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004B0143/00Y000 | Flanders | 5,138 m² | 1 · 1,236 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 455 EUR awarded · 333 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 221 EUR | 99 EUR |
| 2023 | 1 | 234 EUR | 234 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 857 companies in sector 46832 we hold annual accounts for 588. 444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-1991
Fiscal year end31-12
Activities, NACEBEL
16110Sawmilling and planing of wood
46832Wholesale of timber
38110Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.