ACTIVE

RCYCL

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Financial year 2025 · Closed on 31/12/2025

Net result21,4 k €-72,1 %over 1 year

Gross margin1 M €+12,8 %over 1 year

Equity905,1 k €-0,6 %over 1 year

Workforce21,5 ETP+18,1 %over 1 year

Identity

Source · BCE/KBO

RCYCL is a Non-profit organization incorporated in 1998. Its main activity is: Treatment and disposal of hazardous waste. Its registered office is in Eupen. It employs on average 21,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.970.893
Incorporation: 13/07/1998
Legal form: Non-profit organization
Registered office: Textilstrasse 21
4700 Eupen · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 21,5 ETP

Activities (NACE)

38222Treatment and disposal of hazardous waste· main 38320Recovery of sorted materials 47792Retail sale of second-hand goods in stores 47792Retail sale of second-hand goods in stores 52502Warehousing and support activities for transportation 90022Support activities to performing arts

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1 M €	+12.8%	906,1 k €	+14.9%	788,3 k €	+12.8%	699,1 k €	-15.6%	827,9 k €
EBITDA	67,9 k €	-32.2%	100,2 k €	+115%	46,6 k €	+60.8%	29 k €	-81.2%	154,2 k €
Operating result	-16,6 k €	-208%	15,4 k €	+145%	-34,4 k €	+37.0%	-54,6 k €	-177%	70,8 k €
Net result	21,4 k €	-72.1%	76,6 k €	+1370%	5,2 k €	+110%	-52,5 k €	-144%	118,5 k €
Balance sheet
Equity	905,1 k €	-0.6%	910,7 k €	+5.2%	866 k €	-3.0%	892,7 k €	-8.6%	977,1 k €
Total assets	1,3 M €	+7.5%	1,2 M €	+0.1%	1,2 M €	-9.2%	1,3 M €	-5.3%	1,4 M €
Cash	190,6 k €	+8.0%	176,5 k €	+66.3%	106,2 k €	-38.0%	171,3 k €	-60.3%	430,9 k €
Debts	370,6 k €	+34.4%	275,9 k €	-13.8%	319,9 k €	-22.8%	414,4 k €	+2.6%	404 k €
Other
Workforce	21,5 ETP	+18.1%	18,2 ETP	+9.6%	16,6 ETP	+0.6%	16,5 ETP	+2.5%	16,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EMMANUELLE ROBERTZ	MandateDirector2019 accountsended
MALIK MURTAZOV	Mandate
MICHAEL MOCKEL	MandateChairman of the board of directors2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GEORGES BRANDT	Mandate13/06/2018 → 2019 accounts
CHRISTOPHE PONKALO	Mandate2023 accounts
JOSEPH ORTMANN	Directoruntil 31/12/2017

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	16/04/2026	11/04/2025	16/05/2024	04/05/2023	16/06/2022	29/06/2021
General meeting	20/03/2026	10/03/2025	02/05/2024	20/04/2023	16/05/2022	26/05/2021
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, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/03/2026	16/04/2026	French	PDF
Abridged model	31/12/2024	10/03/2025	11/04/2025	French	PDF
Abridged model	31/12/2023	02/05/2024	16/05/2024	French	PDF
Abridged model	31/12/2022	20/04/2023	04/05/2023	French	PDF
Abridged model	31/12/2021	16/05/2022	16/06/2022	French	PDF
Micro model	31/12/2020	26/05/2021	29/06/2021	French	PDF
Abridged model	31/12/2019	01/04/2020	15/04/2020	French	PDF
Abridged model	31/12/2018	24/06/2019	11/07/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	20/11/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	20/11/2018	French	PDF
Abridged model	31/12/2015	18/05/2016	05/07/2016	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EMMANUELLE ROBERTZ	MandateDirector2019 accountsended
MALIK MURTAZOV	Mandate
MICHAEL MOCKEL	MandateChairman of the board of directors2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GEORGES BRANDT	Mandate13/06/2018 → 2019 accounts
CHRISTOPHE PONKALO	Mandate2023 accounts
JOSEPH ORTMANN	Directoruntil 31/12/2017

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/10/2026
Aufnahme von neuen Mitgliedern im Verwaltungsrat und Verlassen
PDF
Mandates28/11/2025
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates21/02/2024
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates10/07/2019
ENTLASSUNG - ERNENNUNG
PDF
Mandates09/07/2018
ENTLASSUNG - ERNENNUNG
PDF
Mandates04/11/2015
Anderung der Zusammensetzung des Verwaltungsrats und der
PDF
Mandates28/03/2014
Anderung Zusammensetzung des Verwaltungsrates / Vorstandes
PDF
Mandates16/07/2010
GESELLSCHAFTSSITZ - ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
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

Filings10 filings

Mandates

MICHAEL MOCKEL

EMMANUELLE ROBERTZ

MALIK MURTAZOV

GEORGES BRANDT

RAYMOND VOLDERS

JOSEPH ORTMANN

CHRISTOPHE PONKALO

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

RCYCL

Textilstrasse 21, 4700 Eupen

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Textilstrasse 21, 4700 EupenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00081029

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
RCYCLCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00081029

Events

2025
Annual accounts 202521,4 k €↓
2024
Annual accounts 202476,6 k €↑
2023
Annual accounts 20235,2 k €↑
2022
Annual accounts 2022-52,5 k €↓
2021
Annual accounts 2021118,5 k €↑
2019
Annual accounts 201985,9 k €↑
2018
Annual accounts 201847,7 k €↑
2017
Annual accounts 20172,8 k €↑
2016
Annual accounts 2016-18,9 k €↓
2015
Annual accounts 201521,7 k €
13/07/1998
IncorporationNon-profit organization

RCYCL

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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