ACTIVE

RCYCL

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Financial year 2025 · closed on 31/12/2025

Net result

21,4 k €

-72.1% YoY

Gross margin

1 M €

+12.8% YoY

Equity

905,1 k €

-0.6% YoY

Workforce

21,5 ETP

+18.1% YoY

What does RCYCL do?

RCYCL is a Non-profit organization incorporated in 1998. 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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015
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 €	+23.5%	670,6 k €	+8.2%	619,9 k €	+15.3%	537,5 k €	+10.3%	487,4 k €	-14.9%	573,1 k €
EBITDA	67,9 k €	-32.2%	100,2 k €	+115%	46,6 k €	+60.8%	29 k €	-81.2%	154,2 k €	+28.3%	120,1 k €	+7.9%	111,3 k €	+56.6%	71,1 k €	+76.6%	40,2 k €	-58.2%	96,4 k €
Operating result	-16,6 k €	-208%	15,4 k €	+145%	-34,4 k €	+37.0%	-54,6 k €	-177%	70,8 k €	+107%	34,1 k €	+16.6%	29,3 k €	+342%	-12,1 k €	+66.3%	-35,9 k €	-301%	17,8 k €
Net result	21,4 k €	-72.1%	76,6 k €	+1370%	5,2 k €	+110%	-52,5 k €	-144%	118,5 k €	+38.0%	85,9 k €	+80.0%	47,7 k €	+1594%	2,8 k €	+115%	-18,9 k €	-187%	21,7 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 €	+21.0%	807,6 k €	+8.0%	747,7 k €	+2.2%	731,6 k €	-0.2%	732,9 k €	-6.4%	783,4 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 €	+12.2%	1,2 M €	-6.6%	1,3 M €	-7.9%	1,4 M €	+7.4%	1,3 M €	-4.0%	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 €	+509%	70,8 k €	-60.7%	180,3 k €	+51.4%	119,1 k €	+11.2%	107,2 k €	-11.8%	121,5 k €
Debts	370,6 k €	+34.4%	275,9 k €	-13.8%	319,9 k €	-22.8%	414,4 k €	+2.6%	404 k €	-4.6%	423,5 k €	-25.7%	570 k €	-7.0%	612,8 k €	+2.4%	598,7 k €	-0.9%	604,4 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	+18.4%	13,6 ETP	+3.0%	13,2 ETP	+5.6%	12,5 ETP	-6.0%	13,3 ETP	-7.0%	14,3 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 31/12/2025 · 3 active · 9 ended

Active mandates

EMMANUELLE ROBERTZ

Mandate

Active

MALIK MURTAZOV

Mandate

Active

MICHAEL MOCKEL

Mandate

Active

Ended mandates

GEORGES BRANDT

Mandate · since 13 juin 2018

Ended

CHRISTOPHE PONKALO

Mandate

Ended

EMMANUELLE ROBERTZ

Director

Ended

GEORGES BRANDT

Mandate

Ended

Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

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

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 31/12/2025 · 3 active · 9 ended

Active mandates

EMMANUELLE ROBERTZ

Mandate

Active

MALIK MURTAZOV

Mandate

Active

MICHAEL MOCKEL

Mandate

Active

Ended mandates

GEORGES BRANDT

Mandate · since 13 juin 2018

Ended

CHRISTOPHE PONKALO

Mandate

Ended

EMMANUELLE ROBERTZ

Director

Ended

GEORGES BRANDT

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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
ENTLASSUNG - ERNENNUNG
PDF
Mandates28/03/2014
ENTLASSUNG - ERNENNUNG
PDF
Mandates16/07/2010
GESELLSCHAFTSSITZ - ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates10/12/2009
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
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

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

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

RCYCL

Overview

What does RCYCL do?

Trend over 10 financial years

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