ACTIVE

BELGIAN RECYCLE NETWORK

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

+30.9% YoY

Gross margin

1,7 M €

+73.7% YoY

Equity

4,2 M €

+33.2% YoY

Workforce

1,2 ETP

What does BELGIAN RECYCLE NETWORK do?

BELGIAN RECYCLE NETWORK is a Private limited company incorporated in 2003. Its main activity is: Collection of non-hazardous waste. Its registered office is in Aalst. It employs on average 1,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.508.072

Incorporation

05/11/2003

Legal form

Private limited company

Registered office

Zijpstraat 77A
9308 Aalst · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

1,2 ETP

Activities (NACE)

38110Collection of non-hazardous waste· main 38110Collection of non-hazardous waste 38219Treatment and disposal of non-hazardous waste 38330Materials recovery

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,7 M €	+73.7%	951,1 k €	+17.6%	808,8 k €	-14.7%	947,8 k €	+189%	327,4 k €	-42.0%	564,4 k €	+52.4%	370,4 k €	-56.2%	845,9 k €	+509%	-206,9 k €	-251%	137,3 k €	-57.9%	326,3 k €	-10.5%	364,7 k €	-6.6%	390,4 k €	+2.3%	381,6 k €	+45.1%	263 k €	-17.2%	317,6 k €	-1.1%	321 k €	+25.0%	256,8 k €	+207%	83,8 k €	+19.2%	70,3 k €
EBITDA	1,5 M €	+78.8%	847,5 k €	+20.2%	705,2 k €	-17.6%	855,7 k €	+259%	238,5 k €	-52.0%	497,3 k €	+66.7%	298,3 k €	-57.9%	709,1 k €	+360%	-272,4 k €	-462%	75,2 k €	-74.7%	297 k €	-8.6%	324,9 k €	-0.7%	327,1 k €	+3.0%	317,5 k €	+46.9%	216,1 k €	-19.9%	269,8 k €	-1.4%	273,5 k €	+10.3%	248 k €	+215%	78,6 k €	+25.3%	62,7 k €
Operating result	1,5 M €	+83.7%	796,1 k €	+21.2%	656,8 k €	-18.6%	806,8 k €	+310%	197 k €	-56.2%	450 k €	+74.7%	257,6 k €	-61.5%	669 k €	+299%	-336 k €	-3412%	10,1 k €	-95.3%	216,3 k €	-8.7%	237 k €	+4.2%	227,3 k €	-0.6%	228,7 k €	+57.2%	145,5 k €	-34.1%	220,6 k €	+0.7%	219,1 k €	+8.5%	202 k €	+561%	30,6 k €	+46.2%	20,9 k €
Net result	1,2 M €	+30.9%	949,3 k €	+37.6%	690 k €	+131%	298,5 k €	-26.0%	403,6 k €	+4.2%	387,5 k €	+89.0%	205,1 k €	-56.2%	468,5 k €	+235%	-347,8 k €	-1337%	-24,2 k €	-112%	205,5 k €	-12.4%	234,5 k €	+53.6%	152,6 k €	+6.2%	143,7 k €	+16.6%	123,2 k €	-23.2%	160,4 k €	+10.5%	145,1 k €	+15.7%	125,4 k €	+920%	12,3 k €	+445%	2,3 k €
Balance sheet
Equity	4,2 M €	+33.2%	3,1 M €	+10.1%	2,8 M €	+32.2%	2,1 M €	+16.2%	1,8 M €	+28.0%	1,4 M €	+36.9%	1,1 M €	+24.2%	847,1 k €	+70.0%	498,3 k €	-41.1%	846 k €	-2.8%	870,2 k €	+30.9%	664,8 k €	+54.5%	430,3 k €	+47.9%	291 k €	+97.6%	147,3 k €	-68.9%	474 k €	+51.1%	313,7 k €	+90.4%	164,7 k €	+319%	39,3 k €	+45.5%	27 k €
Total assets	6,7 M €	+4.1%	6,4 M €	+1.8%	6,3 M €	+21.0%	5,2 M €	-2.0%	5,3 M €	+27.7%	4,2 M €	+15.2%	3,6 M €	+0.5%	3,6 M €	+12.6%	3,2 M €	+1.7%	3,1 M €	+1.1%	3,1 M €	+8.8%	2,9 M €	+12.3%	2,5 M €	+6.3%	2,4 M €	+2.4%	2,3 M €	+22.7%	1,9 M €	+12.8%	1,7 M €	+17.7%	1,4 M €	+34.7%	1,1 M €	+18.3%	900,8 k €
Cash	137,9 k €	+13.5%	121,5 k €	-7.5%	131,4 k €	-44.7%	237,5 k €	-45.4%	434,6 k €	+91.8%	226,5 k €	+12.2%	201,9 k €	-70.6%	686,6 k €	+1734%	37,4 k €	+3.6%	36,1 k €	-89.1%	330,7 k €	+80.5%	183,3 k €	+464%	32,5 k €	-90.8%	352,8 k €	+505%	58,3 k €	-40.2%	97,4 k €	+229%	29,6 k €	-95.7%	689,1 k €	+31.5%	523,9 k €	+121%	237 k €
Debts	782,8 k €	+29.3%	605,3 k €	+5.6%	573,1 k €	+73.7%	330 k €	-39.5%	545,1 k €	+15.0%	474,2 k €	-25.1%	633,1 k €	-35.0%	974,6 k €	+4.8%	929,9 k €	+63.8%	567,9 k €	+1.1%	561,6 k €	-24.4%	742,6 k €	-5.8%	788,7 k €	-2.9%	812 k €	-22.6%	1 M €	+246%	303 k €	-25.2%	405,2 k €	-0.4%	406,6 k €	+16.4%	349,2 k €	-7.4%	377,3 k €
Other
Workforce	1,2 ETP		0,0 ETP	-100%	0,9 ETP		–		–		–		–		–		–		–		0,6 ETP	+200%	0,2 ETP	-80.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	+50.0%	0,6 ETP	-40.0%	1,0 ETP	+400%	0,2 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Alex DE LATHAUWER

Director

Active

Ended mandates

Alex De Lathauwer

Manager

Ended

Alex De Lathouwer

Manager

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	30/06/2026	18/08/2025	30/08/2024	19/09/2023	22/08/2022	31/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	18/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	19/09/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	22/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	28/08/2020	Dutch	PDF
Abridged modelCorrection	31/12/2018	21/06/2019	10/10/2019	Dutch	PDF
Abridged modelCorrection	31/12/2018	21/06/2019	08/10/2019	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	20/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 2 ended

Active mandates

Alex DE LATHAUWER

Director

Active

Ended mandates

Alex De Lathauwer

Manager

Ended

Alex De Lathouwer

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/03/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/06/2018
KAPITAAL - AANDELEN
PDF
Capital / shares15/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office14/06/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office01/07/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other13/11/2003
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 20251,2 M €↑
2024
Annual accounts 2024949,3 k €↑
2023
Annual accounts 2023690 k €↑
2022
Annual accounts 2022298,5 k €↓
2021
Annual accounts 2021403,6 k €↑
2020
Annual accounts 2020387,5 k €↑
2019
Annual accounts 2019205,1 k €↓
2018
Annual accounts 2018468,5 k €↑
2017
Annual accounts 2017-347,8 k €↓
2016
Annual accounts 2016-24,2 k €↓
2015
Annual accounts 2015205,5 k €↓
2014
Annual accounts 2014234,5 k €↑
2013
Annual accounts 2013152,6 k €↑
2012
Annual accounts 2012143,7 k €↑
2011
Annual accounts 2011123,2 k €↓
2010
Annual accounts 2010160,4 k €↑
2009
Annual accounts 2009145,1 k €↑
2008
Annual accounts 2008125,4 k €↑
2007
Annual accounts 200712,3 k €↑
2006
Annual accounts 20062,3 k €
05/11/2003
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

BELGIAN RECYCLE NETWORK

Overview

What does BELGIAN RECYCLE NETWORK do?

Trend over 20 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