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RECYHOC

Active
Public limited companyfounded 199729 yrs activeRue du Canon(VAU) 65, 7536 Tournai, BelgiumKBO/BCE: BE 0460.867.289
Summary

RECYHOC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €77,970. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 53% of 278 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
RECYHOCActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Materials recovery from waste
NACE 38210NACE 37200NACE 38323
1 site
Size
€1.9mturnover 2025
Staff
5.3 FTE
Equity
€1.3m
Profit
€77,970
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Largest shareholder
Intercommunale de Gestion de l'Environnement · 24.8%
Board
23 members
Auditor: Joiris - Rousseaux, Réviseurs d'entreprises associésAccounts 20 d early
Why 96- Sector Waste collection, recovery and disposal activities (NACE 38)+ Liquidity: current ratio 2.96, cash €1.0m+ Founded in 1997+ Figures for FY 2025 (filed 11-07-2026)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 67% of its sector peers (NACE 38, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 68-6
equity 43.2% of total assets
Liquidity 86-5
short-term debt 20.2% · cash 33.9%
Profitability 70+15
return on assets 2.6%
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).

Sector median 0.6% (518 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▲ +7.0% vs 03-2025 05-2025: 0.2%▲ +3.3% vs 04-2025highest value 06-2025: 0.2%▼ -7.9% vs 05-2025 07-2025: 0.1%▼ -48.6% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%▼ -11.1% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%▲ +21.3% vs 02-2026 04-2026: 0.1%▲ +7.2% vs 03-2026 05-2026: 0.1%▲ +2.9% vs 04-2026 06-2026: 0.1%▼ -0.9% vs 05-2026 07-2026: 0.1%▲ +4.7% vs 06-2026 08-2026: 0.1%▼ -50.5% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 2.96, cash €1.0m lowers the probability
  • Founded in 1997 lowers the probability for this profile
  • Figures for FY 2025 (filed 11-07-2026) lowers the probability
  • Sector Waste collection, recovery and disposal activities (NACE 38) raises the probability
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 2.96 against 4.95 in 2024; short-term debt: 20.2% and cash: 33.9% of total assets), but 56.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, micro). Better than this share of them on solvency 56%, liquidity 88%, profitability 52%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 2.96, cash €1.0m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1997
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 11-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Waste collection, recovery and disposal activities (NACE 38)
In the bankruptcy model this factor raises the probability.
KBO
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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
20 d early
2024
55 d early
2023
49 d early
2022
56 d early
2021
58 d early
2020
51 d early
2019
25 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 6 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Laurent Picron (director)Appointment: Karen De Boeck (director)
  2. Annual accounts filedfiscal year 2025 · full…
  3. Appointments: Maarten VAN RAEMDONCK, Sophie AL…Resignations: Jean-Jacques BIOT (director) and…

Key points

  • Positive: Back in profit in 2025after -€72,135 in 2024 €77,970 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Board changedlatest change 04-06-2026 · 23 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2025
Turnover
€1.9m
Profit
€77,970
Solvency
43.2%
Turnover▲ 32.5%
Net result
20182025
Go to Financials

Board & ownership

Board
23 members
Largest shareholder
Intercommunale de Gestion de… · 24.8%
Auditor
Joiris - Rousseaux, Réviseurs…
Go to Board & ownership

Timeline

Events
30
Since
2004
Next accounts
by 31-07-2027
  1. 14-08-2026Resignation: Laurent Picron (director)
  2. 11-07-2026Annual accounts filed
  3. 06-01-2026Appointments: Maarten VAN RAEMDONCK, Sophie AL ASSOUAD…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Materials recovery from wasteNACE 38210
Founded
16-06-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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