ACTIVE

BELREC

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Financial year 2025 · closed on 30/09/2025
Net result
-1,1 k €
-106.5% YoY
Gross margin
44,2 k €
+14.1% YoY
Equity
121,5 k €
-0.9% YoY
Workforce
0,0 ETP

What does BELREC do?

BELREC is a Private limited company incorporated in 2005. Its main activity is: Sewerage. Its registered office is in Mechelen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0871.240.835
Incorporation
14/01/2005
Legal form
Private limited company
Registered office
Blarenberglaan 23
2800 Mechelen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Average workforce
0,0 ETP
Activities (NACE)
37100Sewerage· main38210Treatment and disposal of non-hazardous waste38322Recovery of sorted materials46772Wholesale of waste and scrap46872Wholesale trade, except of motor vehicles and motorcycles51570Air transport
Joint committees (1)
  • 218
Signals
Positive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212019201820172016201520142013201220112010200920082007
Income statement
Gross margin44,2 k €38,7 k €39,3 k €40,9 k €35,7 k €30,7 k €44,2 k €33,4 k €-1,1 k €23,4 k €25,3 k €-19,3 k €7,9 k €54,8 k €27,7 k €15,5 k €97,5 k €99,5 k €
EBITDA15,2 k €32,7 k €33,8 k €34,7 k €30,1 k €23,8 k €32,6 k €27 k €1,5 k €18 k €20,7 k €34 k €7,3 k €37,5 k €33,7 k €-29,1 k €56,3 k €64,3 k €
Operating result7,3 k €24,9 k €25,9 k €26,8 k €20,4 k €16,8 k €23 k €17,1 k €-8,4 k €8,2 k €10,8 k €21,5 k €-2 k €36,6 k €28,3 k €-26 k €39,1 k €53,7 k €
Net result-1,1 k €17,1 k €18,5 k €15,3 k €10,8 k €5,8 k €10,7 k €8,3 k €-16,6 k €-2 k €-1,1 k €10,2 k €-16,3 k €22,4 k €17,5 k €-30,8 k €24,1 k €34,7 k €
Balance sheet
Equity121,5 k €122,6 k €105,6 k €87 k €71,7 k €68,3 k €62,5 k €51,8 k €43,5 k €60,1 k €62,1 k €63,2 k €53 k €69,3 k €47 k €29,5 k €60,3 k €36,2 k €
Total assets429,1 k €225,4 k €223,9 k €232 k €239,8 k €256,2 k €330,9 k €355,8 k €358,9 k €338,4 k €376,1 k €422 k €373,5 k €343,5 k €213,2 k €494,7 k €490,7 k €541,7 k €
Cash169,5 k €15,1 k €4 k €4,3 k €749,5 €50,6 k €92,5 k €20,4 k €57,8 k €54,5 k €10,8 k €81 k €100,8 k €171,8 k €127,8 k €155,5 k €205,7 k €190,8 k €
Debts275,7 k €70,9 k €86,4 k €113,2 k €136,6 k €148,4 k €222,4 k €264,5 k €256,4 k €219,8 k €255,5 k €304,2 k €211,4 k €165,1 k €74,1 k €314,7 k €313,6 k €422,3 k €
Other
Workforce0,0 ETP0,0 ETP–––––––––––––0,3 ETP0,3 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

Bik Marius

Director · since 01 avril 2021

Active

Ended mandates

Anglo-Ethiopian LTD

Director · since 31 mars 2018 · until 31 mars 2021

Ended
Anglo-Ethiopian LTD

Manager · since 31 mars 2018

Ended
Laurence Van Domburg Scipio

Manager · since 01 octobre 2009 · until 31 décembre 2009

Ended
Bik Marius

Manager · until 31 mars 2018

Ended
At this address

Other companies at this address

CompanyCBE no.
MASKIO● Active
0442.478.663
RUSSELL FINEX NV● Active
0412.850.905
Vereniging van Mede-eigenaars KMO Mechelen, Blarenberglaan● Active
0841.244.277
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/03/202629/01/202518/01/202407/03/202325/01/202226/01/2021
General meeting27/02/202610/01/202522/12/202324/02/202314/01/202208/01/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/02/202603/03/2026DutchPDF
Abridged model30/09/202410/01/202529/01/2025DutchPDF
Abridged model30/09/202322/12/202318/01/2024DutchPDF
Abridged model30/09/202224/02/202307/03/2023DutchPDF
Abridged model30/09/202114/01/202225/01/2022DutchPDF
Abridged model30/09/202008/01/202126/01/2021DutchPDF
Abridged model30/09/201910/01/202023/01/2020DutchPDF
Abridged model30/09/201811/01/201921/01/2019DutchPDF
Micro model30/09/201712/01/201801/02/2018DutchPDF
Abridged model30/09/201613/01/201708/02/2017DutchPDF
Abridged model30/09/201508/01/201604/02/2016DutchPDF
Abridged model30/09/201409/01/201520/01/2015DutchPDF
Abridged model30/09/201310/01/201407/02/2014DutchPDF
Abridged model30/09/201211/01/201328/01/2013DutchPDF
Abridged model30/09/201113/01/201220/01/2012DutchPDF
Abridged model30/09/201014/01/201110/02/2011DutchPDF
Abridged model30/09/200908/01/201004/02/2010DutchPDF
Abridged model30/09/200809/01/200909/03/2009DutchPDF
Abridged model30/09/200711/01/200803/03/2008DutchPDF
Abridged model30/09/200612/01/200729/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 1 active · 6 ended

Active mandates

Bik Marius

Director · since 01 avril 2021

Active

Ended mandates

Anglo-Ethiopian LTD

Director · since 31 mars 2018 · until 31 mars 2021

Ended
Anglo-Ethiopian LTD

Manager · since 31 mars 2018

Ended
Laurence Van Domburg Scipio

Manager · since 01 octobre 2009 · until 31 décembre 2009

Ended
Bik Marius

Manager · until 31 mars 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other12/12/2023
    WIJZIGING RECHTSVORM - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates30/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/09/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates30/04/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/01/2005
    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

Timeline

  1. 2025
    Annual accounts 2025-1,1 k €↓
  2. 2024
    Annual accounts 202417,1 k €↓
  3. 2023
    Annual accounts 202318,5 k €↑
  4. 2022
    Annual accounts 202215,3 k €↑
  5. 2021
    Annual accounts 202110,8 k €↑
  6. 2019
    Annual accounts 20195,8 k €↓
  7. 2018
    Annual accounts 201810,7 k €↑
  8. 2017
    Annual accounts 20178,3 k €↑
  9. 2016
    Annual accounts 2016-16,6 k €↓
  10. 2015
    Annual accounts 2015-2 k €↓
  11. 2014
    Annual accounts 2014-1,1 k €↓
  12. 2013
    Annual accounts 201310,2 k €↑
  13. 2012
    Annual accounts 2012-16,3 k €↓
  14. 2011
    Annual accounts 201122,4 k €↑
  15. 2010
    Annual accounts 201017,5 k €↑
  16. 2009
    Annual accounts 2009-30,8 k €↓
  17. 2008
    Annual accounts 200824,1 k €↓
  18. 2007
    Annual accounts 200734,7 k €
  19. 14/01/2005
    IncorporationPrivate limited company