ACTIVE

RECMA

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Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €+296,4 %over 1 year

Revenue2,7 M €-32,2 %over 1 year

Equity1,5 M €+300,1 %over 1 year

Workforce61,7 ETP-36,5 %over 1 year

Identity

Source · BCE/KBO

RECMA is a Cooperative society incorporated in 1996. Its main activity is: Sewerage. Its registered office is in Seraing. It employs on average 61,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0458.336.876
Incorporation: 25/04/1996
Legal form: Cooperative society
Registered office: Rue du Têris 43
4100 Seraing · WallonieSee on map
Contributed capital: 30 986,75 €
Latest accounts: 31/12/2025
Average workforce: 61,7 ETP

Activities (NACE)

37200Sewerage· main 38210Treatment and disposal of non-hazardous waste 38323Recovery of sorted materials 81220Other building and industrial cleaning activities 46772Wholesale of waste and scrap 46872Wholesale trade, except of motor vehicles and motorcycles+3

Joint committees (11)

100
121
1210
124
14201
14204
145
1450
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,7 M €	-32.2%	4 M €		–		–		–
EBITDA	1,4 M €	+445%	-417 k €	+19.0%	-515 k €	-626%	97,9 k €	-50.6%	198,4 k €
Operating result	1,2 M €	+309%	-566,4 k €	+10.0%	-629,1 k €	-73419%	858 €	-97.6%	35,9 k €
Net result	1,1 M €	+296%	-583,6 k €	+8.4%	-637 k €	-5496%	-11,4 k €	-164%	17,7 k €
Balance sheet
Equity	1,5 M €	+300%	379,7 k €	-61.0%	973,2 k €	-39.9%	1,6 M €	-1.4%	1,6 M €
Total assets	4,7 M €	+18.7%	4 M €	+86.0%	2,1 M €	-24.3%	2,8 M €	+4.2%	2,7 M €
Cash	793,1 k €	-67.0%	2,4 M €	+554%	367,3 k €	-56.7%	847,5 k €	-2.8%	871,9 k €
Debts	1,4 M €	-28.3%	1,9 M €	+95.4%	991,2 k €	-3.0%	1 M €	+8.0%	945,9 k €
Other
Workforce	61,7 ETP	-36.5%	97,2 ETP	+1.1%	96,1 ETP	+3.1%	93,2 ETP	+2.0%	91,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc JOINE	Director04/05/2016 → 30/06/2026
Jacques ALLARD	Director15/06/2022 → 14/06/2029
Jean-Luc Pluymers	Chairman of the board of directors15/06/2022 → 14/06/2028
Laurence DUYCKAERTS	Director29/06/2020 → 30/06/2026
Régina DEL BIGO	Director04/05/2016 → 30/06/2026Mandate2008 accountsendedManaging director2009 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carmelo Mammo	Director15/06/2022 → 2024 accounts
Christine PARMENTIER	Director01/07/2020 → 2021 accounts

Other companies at this address

Rue du Têris 43 4100 Seraing

Company	CBE no.
SOLARCYCLE● Active	0691.586.343

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	12/06/2026	10/06/2025	18/06/2024	01/07/2023	24/10/2022	02/07/2021
General meeting	28/05/2026	05/06/2025	06/06/2024	05/06/2023	15/06/2022	01/06/2021
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	28/05/2026	12/06/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	10/06/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	18/06/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	01/07/2023	French	PDF
Abridged modelCorrection	31/12/2021	15/06/2022	24/10/2022	French	PDF
Abridged model	31/12/2021	15/06/2022	15/07/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	02/07/2021	French	PDF
Abridged model	31/12/2019	03/09/2020	30/09/2020	French	PDF
Abridged model	31/12/2018	18/06/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	06/06/2018	27/06/2018	French	PDF
Abridged model	31/12/2016	20/04/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	04/05/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	22/06/2015	French	PDF
Abridged model	31/12/2013	07/05/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	15/04/2013	10/07/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	03/05/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	21/04/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	28/04/2009	19/05/2009	French	PDF
Abridged model	31/12/2007	21/04/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	20/04/2007	21/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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

5 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc JOINE	Director04/05/2016 → 30/06/2026
Jacques ALLARD	Director15/06/2022 → 14/06/2029
Jean-Luc Pluymers	Chairman of the board of directors15/06/2022 → 14/06/2028
Laurence DUYCKAERTS	Director29/06/2020 → 30/06/2026
Régina DEL BIGO	Director04/05/2016 → 30/06/2026Mandate2008 accountsendedManaging director2009 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carmelo Mammo	Director15/06/2022 → 2024 accounts
Christine PARMENTIER	Director01/07/2020 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/07/2026
Nomination - Démissions de l'OA :
PDF
Other09/03/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates21/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2022
DEMISSIONS, NOMINATIONS
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

Filings18 filings

Mandates

Luc Joine

Jacques Allard

Jean-Luc Pluymers

Laurence Duyckaerts

Regina Del Bigo

Carmelo MAMMO

Michel HODY

Hervé NOIRHOMME

Christine PARMENTIER

Walthère DAVISTER

W.ALTER

Philippe GROSJEAN

Show the 10 other mandates

1996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

RECMA

Rue du Têris 43, 4100 SeraingRue du Têris 45, 4100 Seraing

Director

Chairman of the board of directors

Director

Chairman of the board of directors

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Têris 43, 4100 SeraingCurrent	accounts 2025	Accounts 2025 · 2026-00161146
Rue du Têris 45, 4100 Seraing	accounts 2021 → 2024	Accounts 2024 · 2025-00128262

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
RECMACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00161146

Events

2025
Annual accounts 20251,1 M €↑
2024
Annual accounts 2024-583,6 k €↑
2023
Annual accounts 2023-637 k €↓
2022
Annual accounts 2022-11,4 k €↓
2021
Annual accounts 202117,7 k €↑
2018
Annual accounts 2018-18,3 k €↓
2017
Annual accounts 20174,8 k €↓
2016
Annual accounts 201614,5 k €↓
2015
Annual accounts 201530,9 k €↓
2014
Annual accounts 2014109,3 k €↓
2013
Annual accounts 2013119,8 k €↑
2012
Annual accounts 2012106,5 k €↓
2011
Annual accounts 2011324,3 k €↑
2010
Annual accounts 2010105,5 k €↑
2009
Annual accounts 200948 k €↓
2008
Annual accounts 200869,2 k €↓
2007
Annual accounts 2007247,5 k €↑
2006
Annual accounts 2006194,9 k €
25/04/1996
IncorporationCooperative society

RECMA

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