The Aluminium Recovery Company
0419.096.517 · rovalta.com · 27/09/2026
OPENING OF BANKRUPTCY
The Aluminium Recovery Company
Company — Opening of bankruptcy.
Financial year 2024 · Closed on 31/03/2024
Net result-897,5 k €-1 673,4 %over 1 year
Gross margin1,4 M €-34,4 %over 1 year
Equity1,4 M €-38,4 %over 1 year
Workforce10,9 ETP-8,4 %over 1 year
Overview
Identity
Source · BCE/KBOThe Aluminium Recovery Company is a Public limited company incorporated in 1979. Its main activity is: Wholesale of waste and scrap. Its registered office is in Balen. It employs on average 10,9 ETP workers (FTE).
- Legal situation
- Opening of bankruptcy
- BCE/KBO no. / VAT
- BE 0419.096.517
- Incorporation
- 09/01/1979
- Legal form
- Public limited company
- Registered office
- Industrieweg 3
2490 Balen · FlandreSee on map - Contributed capital
- 112 000,00 €
- Latest accounts
- 31/03/2024
- Average workforce
- 10,9 ETP
Activities (NACE)
Joint committees (2)
- 14201
- 200
Signals
Positive EBITDAHealthy social debts
Financials
Source · NBB, 18 filingsTrend over 17 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 1,4 M € | -34.4% | 2,1 M € | -2.3% | 2,2 M € | +21.5% | 1,8 M € | +37.6% | 1,3 M € |
| EBITDA | 61,4 k € | -90.9% | 678,3 k € | -30.1% | 970,6 k € | +27.0% | 764,2 k € | +235% | 228,2 k € |
| Operating result | -377,8 k € | -291% | 197,6 k € | -67.4% | 605,8 k € | +39.3% | 434,9 k € | +424% | -134,3 k € |
| Net result | -897,5 k € | -1673% | -50,6 k € | -110% | 503,8 k € | +36.9% | 368 k € | +268% | -219,2 k € |
| Balance sheet | |||||||||
| Equity | 1,4 M € | -38.4% | 2,3 M € | -2.1% | 2,4 M € | +26.7% | 1,9 M € | +24.2% | 1,5 M € |
| Total assets | 9,9 M € | +2.0% | 9,7 M € | -8.8% | 10,7 M € | +60.3% | 6,7 M € | +20.7% | 5,5 M € |
| Cash | 315,6 k € | +32.8% | 237,5 k € | +264% | 65,2 k € | -41.2% | 110,9 k € | +73.3% | 64 k € |
| Debts | 8,2 M € | +11.8% | 7,3 M € | -10.5% | 8,2 M € | +73.3% | 4,7 M € | +21.1% | 3,9 M € |
| Other | |||||||||
| Workforce | 10,9 ETP | -8.4% | 11,9 ETP | +3.5% | 11,5 ETP | +11.7% | 10,3 ETP | +5.1% | 9,8 ETP |
Board of directors
Source · NBB, accounts to 31/03/20242 active · 11 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Director | 28/12/2018 → 28/12/2024 | ||
Michaël Nelissen | Managing director | until 28/12/2024 | 000 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Director | 28/12/2018 → 28/12/2024 | ||
| Director | 28/12/2018 → 28/12/2024 | ||
Luc Werrens | Director | 20/09/2013 → 28/12/2018 | |
Luc Werrens | Director | 20/09/2013 → 20/09/2019 |
Financials
Full financial information
Source · NBB| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/04/2023 | 01/04/2022 | 01/04/2021 | 01/04/2020 | 01/04/2019 | 01/04/2018 |
| Closing of the financial year | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2021 | 31/03/2020 | 31/03/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 17/10/2024 | 07/11/2023 | 30/11/2022 | 07/10/2021 | 27/11/2020 | 21/11/2019 |
| General meeting | 02/09/2024 | 04/09/2023 | 05/09/2022 | 06/09/2021 | 07/09/2020 | 02/09/2019 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 18 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/03/2024 | 02/09/2024 | 17/10/2024 | Dutch | |
| Abridged model | 31/03/2023 | 04/09/2023 | 07/11/2023 | Dutch | |
| Abridged model | 31/03/2022 | 05/09/2022 | 30/11/2022 | Dutch | |
| Abridged model | 31/03/2021 | 06/09/2021 | 07/10/2021 | Dutch | |
| Abridged model | 31/03/2020 | 07/09/2020 | 27/11/2020 | Dutch | |
| Abridged model | 31/03/2019 | 02/09/2019 | 21/11/2019 | Dutch | |
| Abridged model | 31/03/2018 | 03/09/2018 | 26/09/2018 | Dutch | |
| Abridged model | 31/03/2017 | 04/09/2017 | 29/09/2017 | Dutch | |
| Abridged model | 31/03/2016 | 16/09/2016 | 26/10/2016 | Dutch | |
| Abridged model | 31/03/2015 | 18/09/2015 | 06/10/2015 | Dutch | |
| Abridged model | 31/03/2014 | 19/09/2014 | 23/09/2014 | Dutch | |
| Abridged model | 31/03/2013 | 20/09/2013 | 28/10/2013 | Dutch | |
| Abridged model | 31/03/2012 | 21/09/2012 | 25/10/2012 | Dutch | |
| Abridged model | 31/03/2011 | 16/09/2011 | 29/11/2011 | Dutch | |
| Abridged model | 31/03/2010 | 17/09/2010 | 28/10/2010 | Dutch | |
| Abridged model | 31/03/2009 | 07/09/2009 | 30/10/2009 | Dutch | |
| Abridged model | 31/03/2008 | 29/09/2008 | 30/09/2008 | Dutch | |
| Abridged model | 31/03/2007 | 30/09/2007 | 05/03/2008 | Dutch |
Valuation
Indicative valuation
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/03/20242 active · 11 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Director | 28/12/2018 → 28/12/2024 | ||
Michaël Nelissen | Managing director | until 28/12/2024 | 000 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Director | 28/12/2018 → 28/12/2024 | ||
| Director | 28/12/2018 → 28/12/2024 | ||
Luc Werrens | Director | 20/09/2013 → 28/12/2018 | |
Luc Werrens | Director | 20/09/2013 → 20/09/2019 |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates13/03/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Other03/11/2021STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
- Mandates29/11/2019ONTSLAGEN - BENOEMINGEN
- Mandates22/12/2006KAPITAAL - AANDELEN - BOEKJAAR - ONTSLAGEN - BENOEMINGEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates24/02/2003ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024-897,5 k €↓
- 2023Annual accounts 2023-50,6 k €↓
- 2022Annual accounts 2022503,8 k €↑
- 2022Name changeThe Aluminium Recovery Company
- 2021Annual accounts 2021368 k €↑
- 2020Annual accounts 2020-219,2 k €↓
- 2019Annual accounts 2019144,1 k €↑
- 2018Annual accounts 201865,4 k €↑
- 2017Annual accounts 201760,9 k €↑
- 2016Annual accounts 201657,1 k €↑
- 2015Annual accounts 2015-354,4 k €↓
- 2014Annual accounts 201457,3 k €↓
- 2013Annual accounts 2013177,6 k €↑
- 2012Annual accounts 2012-121,3 k €↓
- 2011Annual accounts 2011109 k €↓
- 2010Annual accounts 2010115,3 k €↑
- 2009Annual accounts 2009-484,8 k €↓
- 2008Annual accounts 2008-134,2 k €
- 09/01/1979IncorporationPublic limited company
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| The Aluminium Recovery CompanyCurrent | accounts 2022 → 2024 · CBE, tracked since 27/09/2026 | Accounts 2024 · 2024-00508820 |
| METAALHANDEL WERRENS | accounts 2008 → 2021 | Accounts 2021 · 2021-71400543 |
Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.