ACTIVE

Recydem West

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Financial year 2025 · Closed on 31/12/2025

Net result128,2 k €-24,2 %over 1 year
Revenue3,6 M €+13,9 %over 1 year
Equity930 k €+16,0 %over 1 year
Workforce8,0 ETP-7,0 %over 1 year

Identity

Source · BCE/KBO

Recydem West is a Public limited company incorporated in 2019. Its main activity is: Construction of roads and motorways. Its registered office is in Harelbeke. It employs on average 8,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0734.473.508
Incorporation
16/09/2019
Legal form
Public limited company
Registered office
Kanaalstraat 1
8530 Harelbeke · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
8,0 ETP
Joint committees (2)
  • 124
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222022
Income statement
Revenue3,6 M €3,2 M €4,2 M €3 M €7 M €
EBITDA250,9 k €593,9 k €697,8 k €355,6 k €848,1 k €
Operating result163,1 k €236 k €223,2 k €101,3 k €335,7 k €
Net result128,2 k €169,1 k €157,7 k €74 k €223,4 k €
Balance sheet
Equity930 k €801,8 k €632,7 k €475 k €401,1 k €
Total assets2,1 M €1,8 M €2,2 M €3,1 M €3 M €
Cash287,6 k €686,8 k €364 k €176,6 k €462,6 k €
Debts1,2 M €1 M €1,5 M €2,6 M €2,5 M €
Other
Workforce8,0 ETP8,6 ETP10,0 ETP12,0 ETP10,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active

Active mandates

OBEX

Director · since 11 novembre 2025 · until 11 novembre 2031 · 0726.859.503

Represented by Matthias Van Damme

Active
RUMILI

Director · since 11 novembre 2025 · until 11 novembre 2031 · 1021.970.125

Represented by Kurt Achiel Kesteloot

Active
D.S.R.T.

Director · since 12 septembre 2019 · until 11 novembre 2025 · 0878.313.818

Represented by Desire Stadsbader

Active
DESIRE STADSBADER

Managing director · since 12 septembre 2019 · until 11 novembre 2025 · 0432.759.065

Represented by Dominique Valcke

Active

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Full financial information

Source · NBB
202520242023202220222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/07/202201/07/202113/09/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202230/06/202230/06/2021
Length of the financial year12 months12 months12 months6 months12 months22 months
Filing date13/07/202615/07/202503/07/202410/07/202314/12/202223/12/2021
General meeting12/06/202630/06/202514/06/202430/06/202308/11/202210/12/2021
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, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/06/202613/07/2026DutchPDF
Full model31/12/202430/06/202515/07/2025DutchPDF
Full model31/12/202314/06/202403/07/2024DutchPDF
Full model31/12/202230/06/202310/07/2023DutchPDF
Full model30/06/202208/11/202214/12/2022DutchPDF
Full model30/06/202110/12/202123/12/2021DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active

Active mandates

OBEX

Director · since 11 novembre 2025 · until 11 novembre 2031 · 0726.859.503

Represented by Matthias Van Damme

Active
RUMILI

Director · since 11 novembre 2025 · until 11 novembre 2031 · 1021.970.125

Represented by Kurt Achiel Kesteloot

Active
D.S.R.T.

Director · since 12 septembre 2019 · until 11 novembre 2025 · 0878.313.818

Represented by Desire Stadsbader

Active
DESIRE STADSBADER

Managing director · since 12 septembre 2019 · until 11 novembre 2025 · 0432.759.065

Represented by Dominique Valcke

Active

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/12/2022
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates04/06/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/09/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025128,2 k €↓
  2. 2024
    Annual accounts 2024169,1 k €↑
  3. 2023
    Annual accounts 2023157,7 k €↑
  4. 2022
    Annual accounts 202274 k €↓
  5. 2022
    Annual accounts 2022223,4 k €↑
  6. 2021
    Annual accounts 2021116,2 k €
  7. 16/09/2019
    IncorporationPublic limited company