ACTIVE

RCMD

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Financial year 2025 · closed on 31/12/2025

Net result

355,2 k €

-44.8% YoY

Gross margin

799,1 k €

-25.4% YoY

Equity

1 M €

+19.3% YoY

Workforce

3,5 ETP

+6.1% YoY

What does RCMD do?

RCMD is a Private limited company incorporated in 2002. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Wielsbeke. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.498.525

Incorporation

07/10/2002

Legal form

Private limited company

Registered office

Houtvezelstraat 5
8710 Wielsbeke · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

3,5 ETP

Activities (NACE)

38210Treatment and disposal of non-hazardous waste· main 38329Recovery of sorted materials

Joint committees (2)

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 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	799,1 k €	-25.4%	1,1 M €	+38.3%	774,4 k €	-26.3%	1,1 M €	+16.3%	904 k €	+80.8%	499,9 k €	+63.3%	306,1 k €	+32.8%	230,4 k €	+24.8%	184,6 k €	-3.6%	191,4 k €	-36.5%	301,4 k €	+14.5%	263,2 k €	+26.4%	208,2 k €	+40.1%	148,6 k €	+79.3%	82,9 k €	-11.9%	94,1 k €	-5.5%	99,6 k €	-0.9%	100,5 k €
EBITDA	575,1 k €	-33.0%	858,7 k €	+50.4%	570,9 k €	-35.2%	881,6 k €	+17.8%	748,5 k €	+66.7%	449 k €	+70.9%	262,8 k €	+41.8%	185,3 k €	+44.6%	128,1 k €	-25.1%	171,1 k €	-25.3%	229 k €	+15.3%	198,6 k €	+35.4%	146,7 k €	+73.2%	84,7 k €	+142%	35 k €	-11.1%	39,4 k €	-24.7%	52,4 k €	-26.2%	71 k €
Operating result	456,2 k €	-39.7%	756,5 k €	+60.4%	471,7 k €	-40.4%	791,9 k €	+18.5%	668 k €	+63.2%	409,2 k €	+74.4%	234,7 k €	+59.9%	146,8 k €	+935%	14,2 k €	-87.7%	115,3 k €	-29.8%	164,1 k €	+11.1%	147,7 k €	+48.9%	99,2 k €	+105%	48,5 k €	+545%	-10,9 k €	-41.9%	-7,7 k €	-138%	20 k €	-24.3%	26,4 k €
Net result	355,2 k €	-44.8%	642,9 k €	+80.3%	356,7 k €	-51.5%	735,8 k €	+19.2%	617,2 k €	+60.8%	383,8 k €	+81.7%	211,3 k €	+72.5%	122,5 k €	+827%	13,2 k €	-83.7%	80,9 k €	-34.7%	123,8 k €	+30.6%	94,8 k €	+40.7%	67,4 k €	+66.4%	40,5 k €	+368%	-15,1 k €	-20.3%	-12,5 k €	-189%	14,1 k €	-24.7%	18,7 k €
Balance sheet
Equity	1 M €	+19.3%	870,7 k €	+32.4%	657,7 k €	-0.1%	658,1 k €	-3.5%	682,2 k €	+59.8%	426,9 k €	+19.2%	358 k €	+3.3%	346,8 k €	+0.7%	344,3 k €	+0.9%	341,1 k €	+10.0%	310,2 k €	+15.4%	268,8 k €	+52.4%	176,4 k €	+61.9%	109 k €	+26.6%	86,1 k €	-14.9%	101,2 k €	-11.0%	113,7 k €	+14.2%	99,6 k €
Total assets	2,4 M €	+2.6%	2,3 M €	-2.3%	2,4 M €	-22.2%	3 M €	+18.8%	2,6 M €	+41.9%	1,8 M €	+44.5%	1,2 M €	+5.2%	1,2 M €	+13.7%	1 M €	+97.2%	527,3 k €	+3.3%	510,6 k €	+16.0%	440,1 k €	+26.2%	348,8 k €	+69.2%	206,1 k €	+21.5%	169,6 k €	-26.2%	229,8 k €	+35.8%	169,2 k €	+11.2%	152,1 k €
Cash	475,2 k €	+26.1%	376,7 k €	+15.3%	326,8 k €	-62.2%	865,3 k €	+53.5%	563,7 k €	+106%	273,7 k €	-1.4%	277,5 k €	+145%	113,3 k €	+16.4%	97,4 k €	-56.1%	221,7 k €	+64.2%	135,1 k €	-28.7%	189,4 k €	+33.8%	141,6 k €	+110%	67,5 k €	+104%	33 k €	+113%	15,5 k €		–		39 k €
Debts	1,3 M €	-7.5%	1,4 M €	-15.8%	1,7 M €	-28.4%	2,4 M €	+26.9%	1,9 M €	+36.3%	1,4 M €	+54.7%	885,8 k €	+6.1%	835,2 k €	+20.1%	695,4 k €	+274%	186,2 k €	+6.3%	175,1 k €	+10.3%	158,8 k €	-0.6%	159,7 k €	+94.5%	82,1 k €	-1.6%	83,4 k €	-32.7%	124 k €	+123%	55,5 k €	+5.7%	52,5 k €
Other
Workforce	3,5 ETP	+6.1%	3,3 ETP	-5.7%	3,5 ETP	0.0%	3,5 ETP	-7.9%	3,8 ETP	+192%	1,3 ETP	+30.0%	1,0 ETP	+11.1%	0,9 ETP	-40.0%	1,5 ETP	+50.0%	1,0 ETP	-16.7%	1,2 ETP	-36.8%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	0.0%	1,9 ETP	+26.7%	1,5 ETP	0.0%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

MARTINE DEMEULEMEESTER

Director · since 29 février 2024

Active

STICAPLAST

Director · since 29 février 2024 · 0524.825.329

Represented by Stijn CASTELAIN

Active

Ended mandates

Martine Demeulemeester

Manager · since 01 juillet 2018

Ended

MARTINE DEMEULEMEESTER

Director · since 01 juillet 2018

Ended

STICAPLAST

Director · since 01 avril 2013 · 0524.825.329

Represented by Stijn Castelain

Ended

STICAPLAST

Manager · since 01 avril 2013 · 0524.825.329

Represented by Stijn Castelain

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	Abridged 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	09/06/2026	17/06/2025	11/06/2024	13/06/2023	14/06/2022	15/06/2021
General meeting	08/06/2026	06/02/2025	24/04/2024	12/06/2023	13/06/2022	14/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/02/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	24/04/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	15/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	09/06/2020	Dutch	PDF
Abridged model	31/12/2018	10/06/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	11/07/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	13/06/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	08/06/2015	14/09/2015	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

MARTINE DEMEULEMEESTER

Director · since 29 février 2024

Active

STICAPLAST

Director · since 29 février 2024 · 0524.825.329

Represented by Stijn CASTELAIN

Active

Ended mandates

Martine Demeulemeester

Manager · since 01 juillet 2018

Ended

MARTINE DEMEULEMEESTER

Director · since 01 juillet 2018

Ended

STICAPLAST

Director · since 01 avril 2013 · 0524.825.329

Represented by Stijn Castelain

Ended

STICAPLAST

Manager · since 01 avril 2013 · 0524.825.329

Represented by Stijn Castelain

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/04/2024
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office04/07/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other14/10/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025355,2 k €↓
2024
Annual accounts 2024642,9 k €↑
2023
Annual accounts 2023356,7 k €↓
2023
Name changeRCMD
2022
Annual accounts 2022735,8 k €↑
2021
Annual accounts 2021617,2 k €↑
2021
Name changeR.C.M.D.
2018
Annual accounts 2018383,8 k €↑
2017
Annual accounts 2017211,3 k €↑
2016
Annual accounts 2016122,5 k €↑
2015
Annual accounts 201513,2 k €↓
2014
Annual accounts 201480,9 k €↓
2013
Annual accounts 2013123,8 k €↑
2012
Annual accounts 201294,8 k €↑
2011
Annual accounts 201167,4 k €↑
2010
Annual accounts 201040,5 k €↑
2009
Annual accounts 2009-15,1 k €↓
2008
Annual accounts 2008-12,5 k €↓
2007
Annual accounts 200714,1 k €↓
2006
Annual accounts 200618,7 k €
07/10/2002
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

RCMD

Overview

What does RCMD do?

Trend over 18 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