GROND RECYCLAGE CENTRUM
ActiveGROND RECYCLAGE CENTRUM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.43M and a net result of €-1.34M. Equity is shrinking by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-54
Solvency36▼-8
Growth53▼-19
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days only on tighter terms
Liquidity short (current ratio 1.0 against 1.03 in 2024; short-term debt: 88.8% and cash: 9.3% of total assets), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
10.8%
Return on assets
-5.9%
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
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 230 sector peers (2025).
NBB · sector comparisonPosition among 230 sector peers
Solvency
better than 14%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d early
2023
23 d early
2022
38 d early
2021
41 d early
2020
38 d early
2019
94 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€24.99M▼ 9.7%
2024 · €27.68M
2018: €7.55M
2019: €6.93M
2020: €7.84M
2021: €7.22M
2022: €11.29M
2023: €14.37M
2024: €27.68M
2018 → 2025
EBIT margin
-3.5%▼ 7.6pp
2024 · 4.1%
2018: 4.5%
2019: 9.1%
2020: 9.8%
2021: 3.8%
2022: 2.5%
2023: 5.2%
2024: 4.1%
2018 → 2025
Net result
€-1.34M
2024 · €1.61M
2018: €354k
2019: €561k
2020: €556k
2021: €542k
2022: €214k
2023: €1.29M
2024: €1.61M
2018 → 2025
Working capital
€-30k
2024 · €553k
2018: €6.71M
2019: €6.95M
2020: €5.80M
2021: €6.29M
2022: €8.20M
2023: €8.69M
2024: €553k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€7.22M-€11.29M▲ 56.4%€14.37M▲ 27.3%€27.68M▲ 92.5%€24.99M▼ 9.7%
Equity€3.64M-€2.25M▼ 38.1%€2.16M▼ 4.4%€3.77M▲ 74.8%€2.43M▼ 35.5%
Operating result€273k-€287k▲ 5.1%€752k▲ 162%€1.13M▲ 49.7%€-877k
Net result€542k-€214k▼ 60.5%€1.29M▲ 500%€1.61M▲ 25.5%€-1.34M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €877k after €1.13M in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.48M
Fixed assets
€2.54M▼ 22.7%
Current assets
€19.94M▲ 17.4%
Equity and liabilities €22.48M
Equity
€2.43M▼ 35.5%
Provisions
€50k▲ 10.8%
Debt
€20.00M▲ 21.5%
The debt ratio rises from 81.2% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-400k▼
2024 · €1.45M
Cash flow
€-860k▼
2024 · €1.94M
Solvency
10.8%▼
2024 · 18.6%
Current ratio
1.00▼
2024 · 1.03
Quick ratio
0.99▼
2024 · 1.02
Debt / equity
8.22▲
2024 · 4.37
ROE
-55.0%▼
2024 · 42.8%
ROA
-5.9%▼
2024 · 8.0%
Interest coverage
-26637.95▼
2024 · 210.08
Debt
€20.00M▲
2024 · €16.45M
Debt ≤ 1 year
€19.96M▲
2024 · €16.42M
Income taxes
€253k▼
2024 · €357k
Staff costs
€2.45M▲
2024 · €1.90M
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€20.27M€22.48M▲
Fixed assets21/28€3.29M€2.54M▼
Tangible fixed assets22/27€1.75M€2.54M▲
Land and buildings22€17k€8k▼
Plant, machinery and equipment23€1.71M€1.85M▲
Furniture and vehicles24€16k€41k▲
Assets under construction and advance payments27-€641k
Financial fixed assets28€1.55M-
Affiliated companies280/1€1.55M-
Participating interests280€1.55M-
Current assets29/58€16.97M€19.94M▲
Stocks and contracts in progress3€244k€230k▼
Stocks30/36€244k€230k▼
Raw materials and consumables30/31€244k€230k▼
Amounts receivable within one year40/41€13.83M€16.44M▲
Trade receivables40€7.86M€10.14M▲
Other amounts receivable41€5.97M€6.30M▲
Current investments50/53€2.20M€1.00M▼
Other investments51/53€2.20M€1.00M▼
Cash at bank and in hand54/58€592k€2.09M▲
Deferred charges and accrued income490/1€108k€180k▲
Equity and liabilities
Total equity and liabilities10/49€20.27M€22.48M▲
Equity10/15€3.77M€2.43M▼
Contributions10/11€1.96M€1.96M=
Capital10€1.96M€1.96M=
Issued capital100€1.96M€1.96M=
Reserves13€1.81M€472k▼
Non-distributable reserves130/1€196k€196k=
Legal reserve130€196k€196k=
Distributable reserves133€1.61M€276k▼
Provisions and deferred taxes16€45k€50k▲
Provisions for liabilities and charges160/5€45k€50k▲
Pensions and similar obligations160€45k€50k▲
Amounts payable17/49€16.45M€20.00M▲
Amounts payable within one year42/48€16.42M€19.96M▲
Trade debts44€15.95M€19.40M▲
Suppliers440/4€15.95M€19.40M▲
Taxes, remuneration and social security45€469k€566k▲
Taxes450/3€78k€33k▼
Remuneration and social security454/9€391k€532k▲
Accrued charges and deferred income492/3€32k€32k▲
Income statement
Code20242025
Operating income70/76A€27.80M€25.13M▼
Turnover70€27.68M€24.99M▼
Other operating income74€120k€137k▲
Operating charges60/66A€26.67M€26.00M▼
Goods for resale, raw materials and consumables60€21.07M€17.05M▼
Purchases600/8€21.07M€17.04M▼
Change in stocks: decrease (increase)609€-148€14k▲
Services and other goods61€3.21M€5.81M▲
Remuneration, social security and pensions62€1.90M€2.45M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€328k€477k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€13k€5k▼
Other operating charges640/8€154k€204k▲
Non-recurring operating charges66A-€455
Operating profit (loss)9901€1.13M€-877k▼
Financial income75/76B€860k€189k▼
Recurring financial income75€860k€189k▼
Income from financial fixed assets750€647k-
Income from current assets751€212k€189k▼
Other financial income752/9€158€0▼
Financial charges65/66B€15k€397k▲
Recurring financial charges65€15k€10k▼
Debt charges650€7k€15▼
Other financial charges652/9€8k€10k▲
Non-recurring financial charges66B-€387k
Profit (loss) for the period before taxes9903€1.97M€-1.08M▼
Income taxes67/77€357k€253k▼
Taxes670/3€357k€253k▼
Profit (loss) for the period9904€1.61M€-1.34M▼
Profit (loss) for the period to be appropriated9905€1.61M€-1.34M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.61M€-1.34M▼
Transfer from equity791/2-€1.34M
From reserves792-€1.34M
Transfer to equity691/2€1.61M-
To other reserves6921€1.61M-
Social balance
Average headcount (FTE)908719.426.8▲
The notes to these accounts (70 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
01-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment18 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment18 facts ▸
- General meeting, 2026-06-19
- Director resignation, Jan Cornelis Mourik (bestuurder)
- Director resignation, Denis Drousie (bestuurder)
- Director resignation, Francis Burke (bestuurder)
- Director appointment, Jan Paul van den Bosch (bestuurder)
- Director appointment, Bartel De Clercq (bestuurder)
- Director appointment, Berten Schilders (bestuurder)
- Mandate compensation, Jan Paul van den Bosch
- Mandate compensation, Bartel De Clercq
- Mandate compensation, Berten Schilders
- Board composition, bestuurder, 2026-06-19
- Board composition, bestuurder, 2026-06-19
- +6 further facts in this act
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-1.34M ▼183%
Net result drops to €-1.34M, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.61M ▲25.5%
Operating result €1.13M, net result €1.61M, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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 (26110704). 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.
Bartel De Clercq
CurrentDirector · since 19-06-2026
Berten Schilders
CurrentDirector · since 19-06-2026
Jan Paul van den Bosch
CurrentDirector · since 19-06-2026
19-06-2026
Bartel De Clercq: Appointed as Director
19-06-2026
Berten Schilders: Appointed as Director
19-06-2026
Jan Paul van den Bosch: Appointed as Director
19-06-2026
Denis Drousie: Resigned as Director
19-06-2026
Francis Burke: Resigned as Director
19-06-2026
Jan Cornelis Mourik: Resigned as Director
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 4 establishment units since 1996
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.
Scheldedijk 302070 Beveren-Kruibeke-ZwijndrechtGround area
12.3 ha
Building footprint
3,515 m²
Volume, LiDAR
37,787 m³
4 parcels, Flanders · tallest building 21.8 m, ±4 floors. Linked by address, not a title deed.
4 establishment units
Scheldedijk 30, 2070 Beveren-Kruibeke-Zwijndrecht
since 19962.074.916.112
GROND RECYCLAGE CENTRUM KALLO
since 19962.074.916.211
Jozef Verschaveweg 110, 8380 Brugge
since 20062.186.001.601
GRC ZOLDER
since 20082.175.447.308
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812P0413/00B000 | Flanders | 6.7 ha | 1 · 66 m² | - |
| 71462E0739/00D000 | Flanders | 2.8 ha | 1 · 72 m² | 7.8 m · 2 fl. |
| 46010E0043/00S000 | Flanders | 2.6 ha | 1 · 3,377 m² | 21.8 m · 4 fl. |
| 11056G0019/00L000 | Flanders | 2,270 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| RSM Interaudit BVCurrent Auditor · represented by Kim Van Loon | 19-06-2026 → present |
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DEFEDER SAMAGRO
BE 0430.063.653
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RECYMEX
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Of 279 companies in sector 38330 we hold annual accounts for 240. 172 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1995
Fiscal year end31-12
Abbreviation NL
G.R.C.
Activities, NACEBEL
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
90021
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.