ACTIVE

TOP-MIX RECYCLING

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Financial year 2025 · Closed on 31/12/2025

Net result-3,2 M €-7,4 %over 1 year
Gross margin-601,4 k €-53,3 %over 1 year
Equity-27,6 M €-13,2 %over 1 year
Workforce3,0 ETP+7,1 %over 1 year

Identity

Source · BCE/KBO

TOP-MIX RECYCLING is a Private limited company incorporated in 2019. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Oostende. It employs on average 3,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0720.650.018
Incorporation
12/02/2019
Legal form
Private limited company
Registered office
Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Joint committees (2)
  • 14201
  • 200
Signals
Healthy social debts

Financials

Source · NBB, 7 filings

Trend over 7 financial years

20252024202320222021
Income statement
Gross margin-601,4 k €-392,4 k €-2,8 M €-8,8 M €2,9 M €
EBITDA-1 M €-960,3 k €-4,1 M €-9,2 M €2,5 M €
Operating result-2,9 M €-2,8 M €-5,9 M €-11,1 M €-6,3 M €
Net result-3,2 M €-3 M €-6,1 M €-11,3 M €-6,5 M €
Balance sheet
Equity-27,6 M €-24,4 M €-21,4 M €-15,3 M €-3,9 M €
Total assets15,7 M €14,4 M €15,7 M €18,3 M €18 M €
Cash491 k €356,1 k €25 k €660,4 k €907,9 k €
Debts36,3 M €28,1 M €25,4 M €18,8 M €13,4 M €
Other
Workforce3,0 ETP2,8 ETP3,0 ETP3,1 ETP7,2 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

VERHELST GROUP

Director · since 05 octobre 2024 · 0466.316.018

Represented by Johan Verhelst

Active

Ended mandates

VERHELST GROUP

Director · since 22 juin 2022 · until 04 octobre 2024 · 0466.316.018

Represented by Johan Verhelst

Ended
Nicola Samyn

Director · since 27 août 2021

Ended
DE WITTE METAALCONSTRUCTIE

Director · since 12 février 2019 · until 10 mars 2021 · 0666.965.664

Ended
TOMALIQUE

Director · since 12 février 2019 · 0436.978.466

Ended

Other companies at this address

Oudenburgsesteenweg 106 8400 Oostende
CompanyCBE no.
BALEGRO● Active
0420.538.847
BTW-eenheid Verhelst Group● Active
0715.511.491
DRONGEN E40● Active
0792.867.706
EUROPEAN PORT SERVICES● Active
0421.687.605
GECA INVEST● Active
0471.743.266
RECYC WEST● Active
0455.261.085
TERRA COSA● Active
0881.076.239
T.M.C. BELGIUM● Active
0427.365.766
TM Verhelst-Vanlerberghe● Active
0761.666.467
TopAsfalt● Active
0508.599.407
Top-Mix● Active
0415.555.324
Transport Janssens● Active
0415.603.626
VERHELST AANNEMINGEN● Active
0405.262.931
VERHELST Aannemingen - SOETAERT Algemene Ondernemingen 2● Active
0651.868.506
VERHELST GROUP● Active
0466.316.018
Verhelst Immo● Active
0416.873.534
VERHELST IMMO II● Active
0444.033.930
Verhelst Machines● Active
0460.700.510
VERHELST SERVICES● Active
1016.042.930

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date07/09/202619/12/202519/12/202408/10/202431/08/202216/09/2021
General meeting28/08/202619/12/202504/10/202404/10/202426/08/202231/08/2021
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/08/202607/09/2026DutchPDF
Abridged model31/12/202419/12/202519/12/2025DutchPDF
Abridged model31/12/202304/10/202419/12/2024DutchPDF
Abridged model31/12/202204/10/202408/10/2024DutchPDF
Abridged model31/12/202126/08/202231/08/2022DutchPDF
Abridged model31/12/202031/08/202116/09/2021DutchPDF
Micro model31/12/201926/06/202003/07/2020DutchPDF

Indicative valuation

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

1 active · 7 ended

Active mandates

VERHELST GROUP

Director · since 05 octobre 2024 · 0466.316.018

Represented by Johan Verhelst

Active

Ended mandates

VERHELST GROUP

Director · since 22 juin 2022 · until 04 octobre 2024 · 0466.316.018

Represented by Johan Verhelst

Ended
Nicola Samyn

Director · since 27 août 2021

Ended
DE WITTE METAALCONSTRUCTIE

Director · since 12 février 2019 · until 10 mars 2021 · 0666.965.664

Ended
TOMALIQUE

Director · since 12 février 2019 · 0436.978.466

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/09/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ALGEMENE VERGADERING
    PDF
  • Mandates14/07/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/02/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other14/02/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-3,2 M €↓
  2. 2024
    Annual accounts 2024-3 M €↑
  3. 2023
    Annual accounts 2023-6,1 M €↑
  4. 2022
    Annual accounts 2022-11,3 M €↓
  5. 2022
    Name changeTop-Mix Recycling
  6. 2021
    Annual accounts 2021-6,5 M €↓
  7. 2021
    Name changeWest Recycle
  8. 2020
    Annual accounts 20202,5 M €↑
  9. 2019
    Annual accounts 201921,4 k €
  10. 12/02/2019
    IncorporationPrivate limited company