RECYDEL (SA) — Liège (4020)

Identity

Source · BCE/KBO

RECYDEL is a Public limited company incorporated in 2001. Its main activity is: Sewerage. Its registered office is in Liège. It employs on average 78,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0475.885.265
Incorporation: 17/10/2001
Legal form: Public limited company
Registered office: Rue Wérihet 72
4020 Liège · WallonieSee on map
Contributed capital: 2 500 000,00 €
Latest accounts: 31/03/2026
Average workforce: 78,0 ETP

Activities (NACE)

37100Sewerage· main 38210Treatment and disposal of non-hazardous waste 38219Treatment and disposal of non-hazardous waste 38322Recovery of sorted materials 38330Materials recovery 90021Support activities to performing arts+3

Joint committees (2)

14201
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2026		2025		2024		2023		2022
Income statement
Revenue	45,4 M €	+6.1%	42,7 M €	+23.8%	34,5 M €	+17.6%	29,4 M €	+35.5%	21,7 M €
EBITDA	3,5 M €	+14.8%	3 M €	-7.5%	3,3 M €	-21.2%	4,2 M €	-2.8%	4,3 M €
Operating result	2,3 M €	+33.9%	1,7 M €	-0.0%	1,7 M €	-37.8%	2,7 M €	-10.1%	3 M €
Net result	1,3 M €	+6.8%	1,2 M €	-0.8%	1,2 M €	-38.6%	2 M €	-7.2%	2,1 M €
Balance sheet
Equity	7,6 M €	+7.5%	7,1 M €	-5.0%	7,5 M €	-3.8%	7,8 M €	+5.2%	7,4 M €
Total assets	17,2 M €	-5.1%	18,1 M €	+3.3%	17,5 M €	-13.0%	20,2 M €	+20.2%	16,8 M €
Cash	4,7 M €	+29.9%	3,6 M €	-4.6%	3,8 M €	-45.3%	6,9 M €	+24.2%	5,6 M €
Debts	9,3 M €	-14.9%	10,9 M €	+8.8%	10,1 M €	-18.8%	12,4 M €	+32.2%	9,4 M €
Other
Workforce	78,0 ETP	+36.8%	57,0 ETP	+3.6%	55,0 ETP	+0.2%	54,9 ETP	+33.9%	41,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

7 active · 30 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS0219.511.295Represented by Marie-Christine Nossent	Director26/03/2002 → 30/09/2026
Benoit Vinchent	Director11/05/2026 → 30/09/2026
Maxime Rimee	Director11/05/2026 → 30/09/2026
Guillaume Tellier	Director12/05/2025 → 11/09/2026
Maarten Damen	Managing director26/08/2024 → 30/09/2026Director26/08/2024 → 2025 accountsended
Sebastiaan Van Ginkel	Director11/10/2023 → 11/09/2026
Hala Al Assouad	Director25/09/2020 → 30/09/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Brennecke	Director17/03/2023 → 2024 accounts
Maurice Geelen	Director21/12/2021 → 2023 accounts
Peter Lam	Director21/12/2021 → 2024 accounts
Rudi Reinartz	Director21/12/2021 → 2023 accounts

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2026	09/10/2025	11/10/2024	20/10/2023	29/09/2022	27/10/2021
General meeting	30/09/2026	12/09/2025	13/09/2024	02/10/2023	23/09/2022	10/09/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2026	30/09/2026	29/10/2026	French	PDF
Full model	31/03/2025	12/09/2025	09/10/2025	French	PDF
Full model	31/03/2024	13/09/2024	11/10/2024	French	PDF
Full model	31/03/2023	02/10/2023	20/10/2023	French	PDF
Full model	31/03/2022	23/09/2022	29/09/2022	French	PDF
Full model	31/03/2021	10/09/2021	27/10/2021	French	PDF
Full model	31/03/2020	11/09/2020	05/10/2020	French	PDF
Full model	31/03/2019	13/09/2019	27/09/2019	French	PDF
Full model	31/03/2018	14/09/2018	27/09/2018	French	PDF
Full model	31/03/2017	08/09/2017	03/10/2017	French	PDF
Full model	31/12/2015	09/06/2016	28/06/2016	French	PDF
Full model	31/12/2014	04/06/2015	18/08/2015	French	PDF
Full model	31/12/2013	05/06/2014	23/09/2014	French	PDF
Full model	31/12/2012	06/06/2013	25/06/2013	French	PDF
Full model	31/12/2011	07/06/2012	22/06/2012	French	PDF
Full model	31/12/2010	08/06/2011	08/07/2011	French	PDF
Full model	31/12/2009	01/06/2010	29/06/2010	French	PDF
Full model	31/12/2008	04/06/2009	15/07/2009	French	PDF
Full model	31/12/2007	05/06/2008	13/06/2008	French	PDF
Full model	31/12/2006	07/06/2007	24/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/03/2026

7 active · 30 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS0219.511.295Represented by Marie-Christine Nossent	Director26/03/2002 → 30/09/2026
Benoit Vinchent	Director11/05/2026 → 30/09/2026
Maxime Rimee	Director11/05/2026 → 30/09/2026
Guillaume Tellier	Director12/05/2025 → 11/09/2026
Maarten Damen	Managing director26/08/2024 → 30/09/2026Director26/08/2024 → 2025 accountsended
Sebastiaan Van Ginkel	Director11/10/2023 → 11/09/2026
Hala Al Assouad	Director25/09/2020 → 30/09/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Brennecke	Director17/03/2023 → 2024 accounts
Maurice Geelen	Director21/12/2021 → 2023 accounts
Peter Lam	Director21/12/2021 → 2024 accounts
Rudi Reinartz	Director21/12/2021 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/08/2026
Démissions et nominations au Comité de direction et au Conseil
PDF
Mandates16/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates12/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2021
DEMISSIONS, NOMINATIONS
PDF

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS

Maxime Rimee

Benoit Vinchent

Guillaume Tellier

Maarten Damen

Sebastiaan Van Ginkel

Hala Al Assouad

David Brennecke

Rudi Reinartz

Maurice Geelen

Peter Lam

Renewi Tisselt N.V.

Show the 25 other mandates

20012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

RECYDEL

Rue Wérihet 72, 4020 Liège-4020

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Wérihet 72, 4020 Liège-4020Current	accounts 2022 → 2026	Accounts 2026 · 2026-00594886

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
RECYDELCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00594886

Events

2026
Annual accounts 20261,3 M €↑
2025
Annual accounts 20251,2 M €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20232 M €↓
2022
Annual accounts 20222,1 M €↑
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020478,5 k €↓
2019
Annual accounts 2019680,5 k €↓
2018
Annual accounts 2018718,4 k €↓
2017
Annual accounts 20171,9 M €↑
2015
Annual accounts 2015355,4 k €↑
2014
Annual accounts 2014-550,5 k €↓
2013
Annual accounts 2013-94 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011717,5 k €↑
2010
Annual accounts 2010-80,9 k €↓
2009
Annual accounts 2009372,9 k €↑
2008
Annual accounts 2008-2,5 M €↓
2007
Annual accounts 20071,3 M €↑
2006
Annual accounts 20061,3 M €
17/10/2001
IncorporationPublic limited company

RECYDEL

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