ACTIVE

RECUFOOD

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Financial year 2025 · closed on 31/12/2025

Net result

406,1 k €

+51.9% YoY

Gross margin

1,5 M €

+28.7% YoY

Equity

2,3 M €

+122.8% YoY

Workforce

13,2 ETP

+12.8% YoY

What does RECUFOOD do?

RECUFOOD is a Public limited company incorporated in 2009. Its main activity is: Manufacture of gas. Its registered office is in Lummen. It employs on average 13,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0811.609.391

Incorporation

08/05/2009

Legal form

Public limited company

Registered office

Klaverbladstraat 26
3560 Lummen · FlandreSee on map

Contributed capital

861 500,00 €

Latest accounts

31/12/2025

Average workforce

13,2 ETP

Activities (NACE)

35210Manufacture of gas· main 35210Manufacture of gas 38210Treatment and disposal of non-hazardous waste 38321Recovery 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 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,5 M €	+28.7%	1,2 M €	-0.3%	1,2 M €	+20.7%	983,4 k €	+59.0%	618,3 k €	+18.7%	521 k €	-36.2%	817,1 k €	+13.8%	717,9 k €	+3.8%	691,6 k €	+2.6%	674,2 k €	+8.6%	620,8 k €	+13.1%	549,1 k €	+12.9%	486,4 k €	+17.5%	414,1 k €	+21.9%	339,6 k €	-6.6%	363,6 k €	+594%	52,4 k €
EBITDA	814,1 k €	+32.1%	616,4 k €	-3.4%	638 k €	+3.2%	618,2 k €	+290%	158,6 k €	+0.2%	158,2 k €	-51.0%	322,6 k €	+33.6%	241,4 k €	-0.9%	243,5 k €	+6.9%	227,8 k €	+7.6%	211,8 k €	-0.5%	212,9 k €	+4.5%	203,8 k €	+16.6%	174,7 k €	+4.1%	167,8 k €	-12.1%	190,9 k €	+1158%	-18 k €
Operating result	505,4 k €	+28.4%	393,7 k €	-5.4%	416,2 k €	+5.5%	394,4 k €	+2629%	-15,6 k €	+19.6%	-19,4 k €	-120%	95 k €	+342%	21,5 k €	-18.7%	26,5 k €	+177%	9,5 k €	-52.0%	19,9 k €	-25.8%	26,8 k €	-39.1%	44 k €	+29.1%	34,1 k €	+13.5%	30 k €	-54.9%	66,5 k €	+341%	-27,6 k €
Net result	406,1 k €	+51.9%	267,3 k €	-9.8%	296,4 k €	-10.4%	330,7 k €	+1250%	-28,8 k €	-14.8%	-25,1 k €	-139%	64,9 k €	+7734%	828,5 €	-35.1%	1,3 k €	+143%	-2,9 k €	-317%	1,4 k €	+880%	138,3 €	-98.4%	8,4 k €	+163%	3,2 k €	+184%	-3,8 k €	-115%	25,3 k €	+153%	-47,6 k €
Balance sheet
Equity	2,3 M €	+123%	1 M €	+49.9%	685,9 k €	+76.1%	389,5 k €	+562%	58,8 k €	-32.8%	87,6 k €	-22.2%	112,6 k €	+136%	47,7 k €	+1.8%	46,9 k €	+2.8%	45,6 k €	-6.1%	48,6 k €	+2.9%	47,2 k €	+0.3%	47,1 k €	+21.8%	38,7 k €	+9.0%	35,5 k €	-9.6%	39,3 k €	+181%	13,9 k €
Total assets	4,1 M €	+88.6%	2,2 M €	+27.8%	1,7 M €	+13.7%	1,5 M €	+59.5%	936,8 k €	+30.1%	720 k €	-23.0%	934,5 k €	+1.7%	919,2 k €	-19.1%	1,1 M €	-27.8%	1,6 M €	+2.5%	1,5 M €	+26.7%	1,2 M €	+7.8%	1,1 M €	+9.4%	1 M €	+2.3%	1 M €	+4.7%	958,4 k €	+1.6%	943,4 k €
Cash	308,4 k €	+227%	94,4 k €	+42.4%	66,3 k €	-73.9%	253,6 k €	+235%	75,8 k €	+120%	34,5 k €	-27.4%	47,5 k €	-23.2%	61,8 k €	+80.9%	34,2 k €	-3.0%	35,2 k €	-28.8%	49,5 k €	+81.8%	27,2 k €	-0.8%	27,4 k €	-6.4%	29,3 k €	-58.3%	70,4 k €	+25.7%	56 k €		–
Debts	1,8 M €	+56.7%	1,1 M €	+13.6%	1 M €	-8.9%	1,1 M €	+25.6%	877,9 k €	+38.8%	632,4 k €	-23.1%	821,9 k €	-5.7%	871,5 k €	-20.0%	1,1 M €	-28.7%	1,5 M €	+2.8%	1,5 M €	+27.7%	1,2 M €	+8.2%	1,1 M €	+8.9%	987,5 k €	+2.0%	967,8 k €	+5.3%	919,2 k €	-1.1%	929,5 k €
Other
Workforce	13,2 ETP	+12.8%	11,7 ETP	+13.6%	10,3 ETP	+41.1%	7,3 ETP	-15.1%	8,6 ETP	+3.6%	8,3 ETP	-2.4%	8,5 ETP	+9.0%	7,8 ETP	-3.7%	8,1 ETP	+6.6%	7,6 ETP	0.0%	7,6 ETP	+15.2%	6,6 ETP	+34.7%	4,9 ETP	+2.1%	4,8 ETP	+60.0%	3,0 ETP	-33.3%	4,5 ETP	+800%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Gregory Van Tilborg

Director · since 05 mai 2021 · until 05 mai 2027

Active

Igitur

Director · since 05 mai 2021 · until 05 mai 2027 · 0767.449.152

Represented by Frans Van Tilborg

Active

Ended mandates

Gregory Van Tilborg

Director · since 05 mai 2021

Ended

Igitur

Director · since 05 mai 2021 · 0767.449.152

Represented by Frans Van Tilborg

Ended

P.F. Kamstra Holding BV

Director · since 25 juin 2020 · until 24 juin 2026

Represented by Pieter Kamstra

Ended

RECYFOOD HOLDING

Director · since 25 juin 2020 · until 05 mai 2021 · 0811.475.373

Represented by Pieter Kamstra

Ended

At this address

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Igitur● Active	0767.449.152
Renting-Car Trucks● Active	0435.480.213
R.L.S.● Active	0452.229.143

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	29/07/2026	26/07/2025	24/07/2024	26/06/2023	08/08/2022	29/07/2021
General meeting	25/06/2026	25/06/2025	25/06/2024	26/06/2023	25/06/2022	25/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	25/06/2025	26/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	26/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	08/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	13/08/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	22/08/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	11/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	19/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	24/08/2010	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Gregory Van Tilborg

Director · since 05 mai 2021 · until 05 mai 2027

Active

Igitur

Director · since 05 mai 2021 · until 05 mai 2027 · 0767.449.152

Represented by Frans Van Tilborg

Active

Ended mandates

Gregory Van Tilborg

Director · since 05 mai 2021

Ended

Igitur

Director · since 05 mai 2021 · 0767.449.152

Represented by Frans Van Tilborg

Ended

P.F. Kamstra Holding BV

Director · since 25 juin 2020 · until 24 juin 2026

Represented by Pieter Kamstra

Ended

RECYFOOD HOLDING

Director · since 25 juin 2020 · until 05 mai 2021 · 0811.475.373

Represented by Pieter Kamstra

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares23/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Other09/06/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates19/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other18/05/2009
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 2025406,1 k €↑
2024
Annual accounts 2024267,3 k €↓
2023
Annual accounts 2023296,4 k €↓
2022
Annual accounts 2022330,7 k €↑
2021
Annual accounts 2021-28,8 k €↓
2020
Annual accounts 2020-25,1 k €↓
2019
Annual accounts 201964,9 k €↑
2018
Annual accounts 2018828,5 €↓
2017
Annual accounts 20171,3 k €↑
2016
Annual accounts 2016-2,9 k €↓
2015
Annual accounts 20151,4 k €↑
2014
Annual accounts 2014138,3 €↓
2013
Annual accounts 20138,4 k €↑
2012
Annual accounts 20123,2 k €↑
2011
Annual accounts 2011-3,8 k €↓
2010
Annual accounts 201025,3 k €↑
2009
Annual accounts 2009-47,6 k €
08/05/2009
IncorporationPublic 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

RECUFOOD

Overview

What does RECUFOOD do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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