ACTIVE

MIREC Recycling

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Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €+59,5 %over 1 year
Revenue16,2 M €+20,9 %over 1 year
Equity4,9 M €+28,3 %over 1 year
Workforce21,7 ETP-4,0 %over 1 year

Identity

Source · BCE/KBO

MIREC Recycling is a Public limited company incorporated in 1999. Its main activity is: Sewerage. Its registered office is in Sint-Niklaas. It employs on average 21,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0466.198.430
Incorporation
08/06/1999
Legal form
Public limited company
Registered office
Europark-Noord 32
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
21,7 ETP
Joint committees (3)
  • 14204
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 16 financial years

20252024202320222021
Income statement
Revenue16,2 M €13,4 M €12 M €11,1 M €9,2 M €
EBITDA1,7 M €1,3 M €686,2 k €1 M €969,5 k €
Operating result1,5 M €1,1 M €498,9 k €844,4 k €866,2 k €
Net result1,1 M €680,7 k €328,1 k €575 k €585,4 k €
Balance sheet
Equity4,9 M €3,8 M €3,2 M €2,8 M €2,3 M €
Total assets7,2 M €7,9 M €6,4 M €7,2 M €7 M €
Cash22,8 k €228,3 k €132 €147,6 k €449 k €
Debts1,8 M €3 M €3,2 M €4,4 M €4,8 M €
Other
Workforce21,7 ETP22,6 ETP20,6 ETP22,0 ETP20,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 18 ended

Active mandates

MIREC B.V.

Managing director · since 01 septembre 2025 · until 16 juin 2031

Represented by Sebastiaan Meijs

Active
Mirec BV

Managing director · since 01 septembre 2025 · until 16 juin 2031

Represented by Ibrahim Bayram

Active
Manu Palmans

Managing director · since 31 mars 2020 · until 16 juin 2031

Active

Ended mandates

Johannes Visser

Managing director · since 31 mars 2020 · until 16 juin 2025

Ended
Manu Palmans

Managing director · since 31 mars 2020 · until 16 juin 2025

Ended
Wout Kusters

Managing director · since 30 mars 2020 · until 16 juin 2025

Ended
Wouter Kusters

Managing director · since 30 mars 2020 · until 16 juin 2025

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months18 months
Filing date14/07/202623/06/202626/09/202418/04/202411/10/202212/07/2021
General meeting26/06/202607/07/202525/09/202406/10/202329/09/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202614/07/2026DutchPDF
Full modelCorrection31/12/202407/07/202523/06/2026DutchPDF
Full model31/12/202407/07/202510/07/2025DutchPDF
Full model31/12/202325/09/202426/09/2024DutchPDF
Full modelCorrection31/12/202206/10/202318/04/2024DutchPDF
Full model31/12/202206/10/202309/10/2023DutchPDF
Full model31/12/202129/09/202211/10/2022DutchPDF
Abridged model31/12/202030/06/202112/07/2021DutchPDF
Abridged model30/06/201903/12/201912/12/2019DutchPDF
Abridged model30/06/201804/12/201813/12/2018DutchPDF
Abridged model30/06/201705/12/201711/12/2017DutchPDF
Full model30/06/201606/12/201607/12/2016DutchPDF
Full model30/06/201522/12/201529/01/2016DutchPDF
Full model30/06/201412/12/201412/12/2014DutchPDF
Full model30/06/201303/12/201306/12/2013DutchPDF
Full model30/06/201203/12/201204/12/2012DutchPDF
Full model30/06/201101/12/201114/12/2011DutchPDF
Full model30/06/201023/12/201014/01/2011DutchPDF
Full modelCorrection30/06/200902/12/200915/09/2010DutchPDF
Full model30/06/200902/12/200923/02/2010DutchPDF
Full model30/06/200818/12/200815/10/2009DutchPDF
Full model30/06/200706/11/200729/11/2007DutchPDF
Full model30/06/200628/12/200629/01/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

3 active · 18 ended

Active mandates

MIREC B.V.

Managing director · since 01 septembre 2025 · until 16 juin 2031

Represented by Sebastiaan Meijs

Active
Mirec BV

Managing director · since 01 septembre 2025 · until 16 juin 2031

Represented by Ibrahim Bayram

Active
Manu Palmans

Managing director · since 31 mars 2020 · until 16 juin 2031

Active

Ended mandates

Johannes Visser

Managing director · since 31 mars 2020 · until 16 juin 2025

Ended
Manu Palmans

Managing director · since 31 mars 2020 · until 16 juin 2025

Ended
Wout Kusters

Managing director · since 30 mars 2020 · until 16 juin 2025

Ended
Wouter Kusters

Managing director · since 30 mars 2020 · until 16 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other03/08/2026
    DIVERSEN
    PDF
  • Capital / shares05/05/2026
    KAPITAAL - AANDELEN
    PDF
  • Mandates17/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/06/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ALGEMENE VERGADERING - BOEKJAAR
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,1 M €↑
  2. 2024
    Annual accounts 2024680,7 k €↑
  3. 2023
    Annual accounts 2023328,1 k €↓
  4. 2022
    Annual accounts 2022575 k €↓
  5. 2021
    Annual accounts 2021585,4 k €↑
  6. 2020
    Annual accounts 2020259,2 k €↑
  7. 2020
    Name changeMIREC Recycling
  8. 2019
    Annual accounts 2019-119,4 k €↓
  9. 2018
    Annual accounts 2018142,4 k €↑
  10. 2017
    Annual accounts 20176,4 k €↓
  11. 2016
    Annual accounts 2016415,7 k €↓
  12. 2015
    Annual accounts 2015491,7 k €↓
  13. 2014
    Annual accounts 2014525,1 k €↑
  14. 2010
    Annual accounts 2010309,6 k €↑
  15. 2009
    Annual accounts 2009-272,1 k €↓
  16. 2008
    Annual accounts 2008146,5 k €↑
  17. 2007
    Annual accounts 200760,8 k €
  18. 2007
    Name changeSims Recycling Solutions
  19. 08/06/1999
    IncorporationPublic limited company