ACTIVE

RECYCLING EXPRESS

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Financial year 2024 · closed on 31/12/2024

Net result

40,9 k €

+107.1% YoY

Gross margin

439,5 k €

+5.2% YoY

Equity

284,2 k €

+16.8% YoY

Workforce

4,6 ETP

-13.2% YoY

What does RECYCLING EXPRESS do?

RECYCLING EXPRESS is a Private limited company incorporated in 1997. Its main activity is: Sewerage. Its registered office is in Eeklo. It employs on average 4,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.169.879

Incorporation

14/03/1997

Legal form

Private limited company

Registered office

Nieuwendorpe 43
9900 Eeklo · FlandreSee on map

Contributed capital

20 460,00 €

Latest accounts

31/12/2024

Average workforce

4,6 ETP

Activities (NACE)

37200Sewerage· main 38210Treatment and disposal of non-hazardous waste 38323Recovery of sorted materials 49410Freight transport by road 49410Freight transport by road 60242Television programming and broadcasting activities+3

Joint committees (3)

140
14003
226

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	439,5 k €	+5.2%	418 k €	+1.2%	413 k €	-15.3%	487,7 k €	+25.9%	387,3 k €	-10.0%	430,1 k €	-4.4%	450 k €	+0.9%	445,8 k €	+17.0%	380,9 k €	+26.4%	301,3 k €	+8.1%	278,9 k €	+18.0%	236,4 k €	+6.5%	221,9 k €	+20.0%	184,9 k €	+8.3%	170,7 k €	-33.8%	257,9 k €	-54.0%	560,5 k €	+4.7%	535,1 k €
EBITDA	157,9 k €	+39.9%	112,9 k €	-11.4%	127,4 k €	-34.4%	194,3 k €	+37.2%	141,7 k €	+3.9%	136,3 k €	-14.9%	160,2 k €	+1.5%	157,8 k €	+23.0%	128,2 k €	+21.8%	105,3 k €	+6.8%	98,6 k €	+12.7%	87,5 k €	-18.0%	106,7 k €	+24.0%	86 k €	+8.8%	79 k €	-47.4%	150,2 k €	-11.3%	169,2 k €	-41.4%	288,7 k €
Operating result	77,1 k €	+88.3%	40,9 k €	-32.2%	60,4 k €	-40.6%	101,6 k €	+314%	24,5 k €	+18.2%	20,8 k €	-40.0%	34,6 k €	+26.1%	27,5 k €	+18.9%	23,1 k €	-46.9%	43,5 k €	+57.3%	27,7 k €	+82.6%	15,2 k €	-56.7%	35 k €	+17.4%	29,8 k €	+10.7%	26,9 k €	-66.3%	80 k €	+10.7%	72,2 k €	-39.3%	119,1 k €
Net result	40,9 k €	+107%	19,8 k €	-45.0%	36 k €	-54.3%	78,6 k €	+589%	11,4 k €	+279%	3 k €	-68.1%	9,5 k €	+88.2%	5 k €	+72.8%	2,9 k €	-88.5%	25,3 k €	+264%	6,9 k €	+186%	-8,1 k €	-216%	6,9 k €	+6.7%	6,5 k €	+201%	-6,4 k €	+40.4%	-10,8 k €	+14.0%	-12,5 k €	-133%	38,1 k €
Balance sheet
Equity	284,2 k €	+16.8%	243,3 k €	+8.8%	223,5 k €	+19.2%	187,6 k €	+72.1%	109 k €	+11.7%	97,6 k €	+3.2%	94,6 k €	+11.1%	85,1 k €	+6.3%	80,1 k €	+3.8%	77,2 k €	+48.7%	51,9 k €	+15.4%	45 k €	-15.2%	53 k €	+15.0%	46,1 k €	+16.4%	39,6 k €	-14.0%	46 k €	-19.0%	56,8 k €	-18.1%	69,3 k €
Total assets	620,5 k €	-17.9%	755,6 k €	+2.0%	741,1 k €	-9.0%	814,4 k €	+54.3%	528 k €	+1.7%	519,1 k €	-16.7%	623,2 k €	-25.7%	838,6 k €	+10.0%	762,7 k €	+41.8%	538,1 k €	-12.0%	611,4 k €	-3.4%	633 k €	-9.5%	699,8 k €	+8.1%	647,2 k €	+1.0%	640,8 k €	+2.0%	628,4 k €	-72.3%	2,3 M €	-15.0%	2,7 M €
Cash	26,7 k €	+51.5%	17,6 k €	+20.0%	14,7 k €	-54.0%	31,9 k €	-67.5%	98 k €	+380%	20,4 k €	+113%	9,6 k €	-38.2%	15,5 k €	-31.5%	22,6 k €	-27.9%	31,4 k €	+138%	13,2 k €	-28.8%	18,5 k €	-40.4%	31 k €	+202%	10,3 k €	-77.8%	46,2 k €	+261%	12,8 k €	+1876%	648 €	-97.2%	22,8 k €
Debts	336,3 k €	-34.4%	512,3 k €	-1.0%	517,5 k €	-17.4%	626,8 k €	+49.6%	419 k €	-0.6%	421,5 k €	-20.3%	528,6 k €	-29.3%	747,6 k €	+9.5%	682,6 k €	+48.1%	460,9 k €	-17.6%	559,5 k €	-4.9%	588,1 k €	-9.1%	646,8 k €	+7.6%	601,2 k €	-0.0%	601,2 k €	+3.2%	582,4 k €	-73.7%	2,2 M €	-15.0%	2,6 M €
Other
Workforce	4,6 ETP	-13.2%	5,3 ETP	-11.7%	6,0 ETP	+17.6%	5,1 ETP	0.0%	5,1 ETP	0.0%	5,1 ETP	0.0%	5,1 ETP	+4.1%	4,9 ETP	+2.1%	4,8 ETP	+17.1%	4,1 ETP	+5.1%	3,9 ETP	+25.8%	3,1 ETP	+34.8%	2,3 ETP	+15.0%	2,0 ETP	0.0%	2,0 ETP	-47.4%	3,8 ETP	-45.7%	7,0 ETP	+40.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Jan Tysebaert

Director · since 02 septembre 2009

Active

Ended mandates

Jan Tysebaert

Manager · since 02 septembre 2009

Ended

Geert Tysebaert

Manager

Ended

Veronic De Coninck

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
OPC EEKLO● Active	0685.368.643
OUD PAPIER CENTRALE● Active	0428.627.063

Annual accounts

Full financial information

	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	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2025	08/10/2024	22/11/2023	31/08/2022	23/07/2021	31/08/2020
General meeting	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021	06/06/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	07/06/2025	26/08/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	08/10/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	22/11/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	23/07/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	05/12/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	19/10/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	31/12/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/03/2007	23/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Jan Tysebaert

Director · since 02 septembre 2009

Active

Ended mandates

Jan Tysebaert

Manager · since 02 septembre 2009

Ended

Geert Tysebaert

Manager

Ended

Veronic De Coninck

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2022
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other15/04/2009
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares19/08/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2024
Annual accounts 202440,9 k €↑
2023
Annual accounts 202319,8 k €↓
2022
Annual accounts 202236 k €↓
2021
Annual accounts 202178,6 k €↑
2020
Annual accounts 202011,4 k €↑
2019
Annual accounts 20193 k €↓
2018
Annual accounts 20189,5 k €↑
2017
Annual accounts 20175 k €↑
2016
Annual accounts 20162,9 k €↓
2015
Annual accounts 201525,3 k €↑
2014
Annual accounts 20146,9 k €↑
2013
Annual accounts 2013-8,1 k €↓
2012
Annual accounts 20126,9 k €↑
2011
Annual accounts 20116,5 k €↑
2010
Annual accounts 2010-6,4 k €↑
2009
Annual accounts 2009-10,8 k €↑
2008
Annual accounts 2008-12,5 k €↓
2007
Annual accounts 200738,1 k €
14/03/1997
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RECYCLING EXPRESS

Overview

What does RECYCLING EXPRESS do?

Trend over 18 financial years

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