FEDERATION DES RECYCLEURS DE DECHETS DE CONSTRUCTION
ActiveFEDERATION DES RECYCLEURS DE DECHETS DE CONSTRUCTION has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416k and a net result of €59k. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 87% of 383 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
97
/ 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
Profitability90▼-4
Solvency100=
Growth84▼-1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 17.57 against 32.62 in 2024; short-term debt: 5.3% and cash: 48% of total assets), and 5.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
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
94.7%
Return on assets
13.5%
Age of the figures
9 mo
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 15-04-2026, 107 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
107 d early
2024
70 d early
2023
111 d early
2022
95 d early
2021
32 d early
2020
180 d late
← 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, micro schema
Turnover
€185k▲ 2.7%
2024 · €180k
2020: €77k
2021: €109k
2022: €134k
2023: €185k
2024: €180k
2020 → 2025
EBIT margin
30.8%▼ 4.3pp
2024 · 35.1%
2020: 17.8%
2021: 28.4%
2022: 26.2%
2023: 71.5%
2024: 35.1%
2020 → 2025
Net result
€59k▼ 8.3%
2024 · €65k
2020: €13k
2021: €31k
2022: €35k
2023: €131k
2024: €65k
2020 → 2025
Working capital
€382k▲ 11.8%
2024 · €342k
2020: €94k
2021: €121k
2022: €140k
2023: €271k
2024: €342k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€109k-€134k▲ 23.0%€185k▲ 37.9%€180k▼ 2.6%€185k▲ 2.7%
Equity€125k-€160k▲ 27.7%€291k▲ 82.2%€356k▲ 22.2%€416k▲ 16.7%
Operating result€31k-€35k▲ 13.4%€132k▲ 276%€63k▼ 52.1%€57k▼ 9.8%
Net result€31k-€35k▲ 12.7%€131k▲ 279%€65k▼ 50.7%€59k▼ 8.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439k
Fixed assets
€33k▲ 132%
Current assets
€405k▲ 15.0%
Equity and liabilities €439k
Equity
€416k▲ 16.7%
Debt
€23k▲ 113%
The debt ratio rises from 2.9% to 5.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▼
2024 · €70k
Cash flow
€68k▼
2024 · €72k
Solvency
94.7%▼
2024 · 97.1%
Current ratio
17.57▼
2024 · 32.62
Quick ratio
17.57▼
2024 · 32.62
Debt / equity
0.06▲
2024 · 0.03
ROE
14.3%▼
2024 · 18.2%
ROA
13.5%▼
2024 · 17.7%
Interest coverage
86.00▲
2024 · 74.07
Debt
€23k▲
2024 · €11k
Debt ≤ 1 year
€23k▲
2024 · €11k
Income taxes
€709▼
2024 · €1k
Staff costs
€34k▼
2024 · €43k
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€367k€439k▲
Fixed assets21/28€14k€33k▲
Intangible fixed assets21€14k€7k▼
Tangible fixed assets22/27€0€26k▲
Furniture and vehicles24€0€26k▲
Financial fixed assets28€363€363=
Current assets29/58€353k€405k▲
Amounts receivable within one year40/41€14k€32k▲
Trade receivables40€6k€22k▲
Other amounts receivable41€9k€10k▲
Current investments50/53€150k€150k=
Cash at bank and in hand54/58€187k€211k▲
Deferred charges and accrued income490/1€2k€13k▲
Equity and liabilities
Total equity and liabilities10/49€367k€439k▲
Equity10/15€356k€416k▲
Reserves13€356k€416k▲
Amounts payable17/49€11k€23k▲
Amounts payable within one year42/48€11k€23k▲
Trade debts44€11k€17k▲
Suppliers440/4€11k€17k▲
Taxes, remuneration and social security45-€6k
Taxes450/3-€689
Remuneration and social security454/9-€5k
Income statement
Code20242025
Turnover70€180k€185k▲
Goods, raw materials, services and sundry goods60/61€89k€104k▲
Remuneration, social security and pensions62€43k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-2k▼
Other operating charges640/8€16k€1k▼
Gross operating margin9900€131k€99k▼
Operating profit (loss)9901€63k€57k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€947€764▼
Recurring financial charges65€947€764▼
Profit (loss) for the period before taxes9903€66k€60k▼
Income taxes67/77€1k€709▼
Profit (loss) for the period9904€65k€59k▼
Profit (loss) for the period to be appropriated9905€65k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€59k▼
To contributions691€65k€59k▼
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
01-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment11 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment11 facts ▸
- General meeting, 2026-03-25
- Director reappointment, Christian Belleflamme (administrateur)
- Director reappointment, Richard Marchand (administrateur)
- Director reappointment, David Lamy (administrateur)
- Director reappointment, Thierry Maison (administrateur)
- Director reappointment, Benoit Carpentier (administrateur)
- Director reappointment, Loic Roelandts (administrateur)
- Director reappointment, Virginie Lansival (administrateur)
- Director appointment, Christian Belleflamme (Président)
- Auditor resignation, REMON
- Auditor appointment, BMS Audit SRL (Commissaire Réviseur)
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 32.62
Current ratio from 12.90 to 32.62; short-term debt falls from €23k to €11k.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €131k ▲279%
Operating result €132k, net result €131k, both a record.
31-12
Financial
Equity above €200kEq €291k ▲82.2%
4 profitable years in a row build equity to €291k.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 6.60
Current ratio from 3.20 to 6.60; short-term debt falls from €55k to €25k.
31-12
Financial
Equity above €150kEq €160k ▲27.7%
3 profitable years in a row build equity to €160k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 180 days late
2021
31-12
Financial
Equity above €100kEq €125k ▲32.5%
2 profitable years in a row build equity to €125k.
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 (26110316). 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.
Christian Belleflamme
CurrentChair · since 25-03-2026
Benoit Carpentier
CurrentDirector
David LAMY
CurrentDirector
Loic Roelandts
CurrentDirector
Richard Marchand
CurrentDirector
Thierry Maison
CurrentDirector
+ 1 not shown in this overview
25-03-2026
Christian Belleflamme: Appointed as Chair
Location & real-estate footprint
Registered office, Fernelmont · 1 establishment unit since 2012
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.
Rue du Tronquoy, ZI, Nov. 245380 Fernelmont1 establishment unit
FEDERATION DES RECYCLEURS DE DECHETS DE CONSTRUCTION
since 20122.219.422.158
Statutory auditor
1 auditor| BMS Audit SRLCurrent Commissaire réviseur | 25-03-2026 → present |
Structure & network
Connections & network
8 connected companiesLinked via shared directors
viaDavid LAMY · Director
→
viaDavid LAMY · Director
→
viaDavid LAMY · Administrateur de catégorie b
→
viaDavid LAMY · Director
→
Show 4 more companies with a shared director
viaDavid LAMY · Director
→
viaDavid LAMY · Director
→
viaDavid LAMY · Director
former→
viaDavid LAMY · Directeur et membre du comité de direction
former→
Similar companies · same sector, comparable size
Association du Management de Centre-Ville
BE 0460.734.954
Charleroi · Eq €416k
Confédération des Employeurs des Secteurs sportif et socioculturel
BE 0451.865.986
Brussel · Eq €416k
Ashoka Belgium
BE 0787.719.974
Brussel · Eq €419k
SMART ENERGY EUROPE
BE 0567.776.929
Brussel · Eq €422k
Global Battery Alliance
BE 0786.222.414
Brussel · Eq €422k
Of 1,256 companies in sector 94110 we hold annual accounts for 579. 452 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded17-05-1999
Fiscal year end31-12
Abbreviation FR
feredeco
Activities, NACEBEL
94110Activities of business and employers' organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.