ACTIVE

RECYC WEST

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Financial year 2025 · Closed on 31/12/2025

Net result-65,4 k €-291,8 %over 1 year

Gross margin19,3 k €+395,0 %over 1 year

Equity3,1 M €-2,1 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

RECYC WEST is a Private limited company incorporated in 1995. Its main activity is: Sewerage. Its registered office is in Oostende.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0455.261.085
Incorporation: 17/05/1995
Legal form: Private limited company
Registered office: Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map
Contributed capital: 565 589,18 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

37200Sewerage· main 38210Treatment and disposal of non-hazardous waste 38323Recovery of sorted materials

Joint committees (4)

124
14201
200
218

Signals

Solid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	19,3 k €	+395%	3,9 k €	+150%	-7,7 k €	-32.5%	-5,8 k €	+41.1%	-9,9 k €
EBITDA	12 k €	+1544%	731,6 €	+107%	-10,9 k €	-23.4%	-8,8 k €	+45.7%	-16,2 k €
Operating result	-116 k €	-669%	-15,1 k €	+43.5%	-26,7 k €	-8.4%	-24,6 k €	+5.5%	-26,1 k €
Net result	-65,4 k €	-292%	34,1 k €	+207%	-31,8 k €	-79.9%	-17,7 k €	+33.1%	-26,4 k €
Balance sheet
Equity	3,1 M €	-2.1%	3,1 M €	+1.1%	3,1 M €	-1.0%	3,1 M €	-0.6%	3,2 M €
Total assets	7,6 M €	+6.0%	7,2 M €	+41.7%	5,1 M €	+15.9%	4,4 M €	-3.5%	4,5 M €
Cash	48,5 k €	-0.3%	48,7 k €	+398%	9,8 k €	-95.0%	195,8 k €	-39.7%	324,5 k €
Debts	3,7 M €	+16.0%	3,2 M €	+180%	1,2 M €	+169%	428,6 k €	-24.6%	568,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steenbakkerij De Keignaert0405.815.237Represented by Verhelst JOHAN	Directorsince 15/12/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
RENONG0652.810.394Represented by Dries Devroe	Director01/07/2020 → 2022 accounts
Caroline Vanheede	Director19/08/2019 → 31/12/2019
VERHELST GROUP0466.316.018Represented by Johan Verhelst	Director19/08/2019 → 31/12/2019

Other companies at this address

Oudenburgsesteenweg 106 8400 Oostende

Company	CBE no.
BALEGRO● Active	0420.538.847
BTW-eenheid Verhelst Group● Active	0715.511.491
DRONGEN E40● Active	0792.867.706
EUROPEAN PORT SERVICES● Active	0421.687.605
GECA INVEST● Active	0471.743.266
TERRA COSA● Active	0881.076.239
T.M.C. BELGIUM● Active	0427.365.766
TM Verhelst-Vanlerberghe● Active	0761.666.467
TopAsfalt● Active	0508.599.407
Top-Mix● Active	0415.555.324
TOP-MIX RECYCLING● Active	0720.650.018
Transport Janssens● Active	0415.603.626
VERHELST AANNEMINGEN● Active	0405.262.931
VERHELST Aannemingen - SOETAERT Algemene Ondernemingen 2● Active	0651.868.506
VERHELST GROUP● Active	0466.316.018
Verhelst Immo● Active	0416.873.534
VERHELST IMMO II● Active	0444.033.930
Verhelst Machines● Active	0460.700.510
VERHELST SERVICES● Active	1016.042.930

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	24/07/2025	14/08/2024	27/06/2023	08/07/2022	26/08/2021
General meeting	27/06/2026	24/07/2025	26/07/2024	20/05/2023	21/05/2022	15/05/2021
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 · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	24/07/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	26/07/2024	14/08/2024	Dutch	PDF
Abridged model	31/12/2022	20/05/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/05/2022	08/07/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	15/05/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2020	15/05/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	03/04/2020	03/09/2020	Dutch	PDF
Abridged model	31/12/2018	05/04/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/04/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	07/04/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	01/04/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	03/04/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	04/04/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	05/04/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	06/04/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	01/04/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	03/04/2009	21/04/2009	Dutch	PDF
Abridged model	31/12/2007	04/04/2008	28/04/2008	Dutch	PDF
Abridged model	31/12/2006	06/04/2007	21/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steenbakkerij De Keignaert0405.815.237Represented by Verhelst JOHAN	Directorsince 15/12/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
RENONG0652.810.394Represented by Dries Devroe	Director01/07/2020 → 2022 accounts
Caroline Vanheede	Director19/08/2019 → 31/12/2019
VERHELST GROUP0466.316.018Represented by Johan Verhelst	Director19/08/2019 → 31/12/2019

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring03/11/2026
Neerlegging fusievoorstel
PDF
Mandates12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates22/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring01/04/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates30/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/12/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Steenbakkerij De Keignaert

RENONG

VERHELST GROUP

Caroline Vanheede

Dirk De Meulenaere

Geert De Meulenaere

Linda Taveirne

Roger De Meulenaere

19951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

RECYC WEST

Oudenburgsesteenweg 106, 8400 Oostende

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oudenburgsesteenweg 106, 8400 OostendeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00305163

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
RECYC WESTCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00305163

Events

2025
Annual accounts 2025-65,4 k €↓
2024
Annual accounts 202434,1 k €↑
2023
Annual accounts 2023-31,8 k €↓
2022
Annual accounts 2022-17,7 k €↑
2021
Annual accounts 2021-26,4 k €↓
2020
Annual accounts 20202,5 M €↑
2019
Annual accounts 201986 k €↓
2018
Annual accounts 2018183,7 k €↑
2017
Annual accounts 201776 k €↑
2016
Annual accounts 201653,7 k €↑
2015
Annual accounts 201514,7 k €↑
2014
Annual accounts 201413,7 k €↓
2013
Annual accounts 201388,9 k €↑
2012
Annual accounts 201278,3 k €↓
2011
Annual accounts 2011117,6 k €↑
2010
Annual accounts 201075,8 k €↓
2009
Annual accounts 2009102,3 k €↓
2008
Annual accounts 2008115,7 k €↓
2007
Annual accounts 2007241,3 k €↑
2006
Annual accounts 2006153,2 k €
17/05/1995
IncorporationPrivate limited company

RECYC WEST

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events