Financials
- Fiscal year
- 2025
- Turnover
- €198.5m
- Profit
- €11.9m
- Solvency
- 41.1%
Turnover▲ 4,528%
Net result
20182025
J.M. RECYCLING
ActiveSummary
J.M. RECYCLING has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220.4m and a net result of €11.9m. Equity is growing by ~10.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Business and other management consultancy
NACE 70200Activities of holding companies NACE 64210
#2 company by total assets in Hasselt, Professional and technical services sector1 site
Size
€198.5mturnover 2025
- Equity
- €220.4m
- Profit
- €11.9m
Standalone figures, without subsidiaries
Structure
- Board
- 1 member
- Holdings
- 23
Accounts filed 6 days late1 of 17 deeds read
Why 95- Liquidity: current ratio 1.69, cash €23.9m+ Size: turnover €198.5m, total assets €536.1m, files consolidated accounts+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Figures for FY 2025 (filed 13-08-2026)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 70, large)
Financial strength · tick = 2024
Average
Solvency
66-17
equity 41.1% of total assets
Liquidity
43+5
short-term debt 29.8% · cash 4.5%
Profitability
60+25
return on assets 2.2%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Credit up to €19,850,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 0.77 in 2024; short-term debt: 29.8% and cash: 4.5% of total assets), but 58.9% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 70, large): better than 29% on solvency, 26% on liquidity, 79% on profitability and 94% on growth.
The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 5 filingsDeviation from the deadline
2025
6 days late
2024
29 days late
2023
29 days late
2022
11 days late
2021
1 day late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 11 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · unclassified…
- Annual accounts filedfiscal year 2025 · full…
- Resignation: PampelonneBV (director)Permanent representatives: MariekeMeugens and TomMelotte…
Key points
- Positive: Turnover rose in 2025from €4.3m to €198.5m ▲ 4,528% View
- Positive: Company by total assets in Hasselt, Professional and…in the Checked rankings #2 View
- Caution: Board changedlatest change 30-03-2026 · 1 in office 1 joined · 1 left View
- Heads a groupcompanies controlled 38 View
- Positive: 4 years of growth in a rowturnover 2025: €198.5m 4 years View
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Network & group
- Subsidiaries
- 38
- Holdings
- 23
- Connected companies
- 4
38 subsidiaries
Timeline
- Events
- 16
- Since
- 2022
- Next accounts
- by 31-07-2027
- 31-12-2025Liquidity doubles
- 29-09-2025Annual accounts filed
- 29-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 22-12-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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