ACTIVE

VYRECUP

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Financial year 2025 · closed on 31/12/2025

Net result

54,1 k €

+269.2% YoY

Gross margin

354,1 k €

+29.3% YoY

Equity

843,3 k €

+6.9% YoY

Workforce

2,0 ETP

What does VYRECUP do?

VYRECUP is a Private limited company incorporated in 2005. Its main activity is: Sewerage. Its registered office is in Wevelgem. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.152.212

Incorporation

18/07/2005

Legal form

Private limited company

Registered office

Bergelen 30A
8560 Wevelgem · FlandreSee on map

Contributed capital

532 185,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

37100Sewerage· main 38210Treatment and disposal of non-hazardous waste 38322Recovery of sorted materials 38219Treatment and disposal of non-hazardous waste 38330Materials recovery 46772Wholesale of waste and scrap+5

Joint committees (2)

121
14201

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 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	354,1 k €	+29.3%	273,8 k €	+36.7%	200,2 k €	-34.0%	303,6 k €	+1.3%	299,7 k €	+2.0%	293,9 k €	+48.4%	198,1 k €	+34.6%	147,2 k €	+7.8%	136,5 k €	+7.4%	127,1 k €	-39.1%	208,6 k €	+204%	68,5 k €	-72.0%	244,9 k €	-12.2%	279 k €	+63.1%	171,1 k €	-26.5%	232,8 k €	-30.6%	335,7 k €	-19.4%	416,3 k €
EBITDA	179,8 k €	+30.1%	138,2 k €	+61.5%	85,6 k €	-42.4%	148,6 k €	+35.4%	109,8 k €	-24.7%	145,9 k €	+37.5%	106,1 k €	+70.0%	62,4 k €	-20.5%	78,5 k €	+47.4%	53,2 k €	-69.8%	176,5 k €	+79.2%	98,5 k €	-53.0%	209,8 k €	-3.8%	218 k €	+95.7%	111,4 k €	-45.3%	203,6 k €	-17.0%	245,4 k €	-32.9%	365,6 k €
Operating result	103,8 k €	+85.4%	56 k €	+58.7%	35,3 k €	-55.9%	80,1 k €	+69.6%	47,2 k €	+18.3%	39,9 k €	+32.1%	30,2 k €	+320%	-13,7 k €	-134%	40,2 k €	+124%	17,9 k €	-88.1%	150,3 k €	+125%	66,8 k €	-61.9%	175,4 k €	+3.0%	170,3 k €	+642%	22,9 k €	-11.0%	25,8 k €	-64.4%	72,5 k €	+359%	-28 k €
Net result	54,1 k €	+269%	14,7 k €	-18.5%	18 k €	-78.4%	83,2 k €	+241%	24,4 k €	-28.0%	33,9 k €	+157%	13,2 k €	+848%	-1,8 k €	-107%	26,1 k €	+89.1%	13,8 k €	-86.1%	99,3 k €	+144%	40,8 k €	-62.9%	109,9 k €	+0.5%	109,3 k €	+1747%	5,9 k €	-67.6%	18,3 k €	-50.4%	36,8 k €	+326%	-16,3 k €
Balance sheet
Equity	843,3 k €	+6.9%	789,1 k €	+1.9%	774,5 k €	+2.4%	756,5 k €	+1.1%	748,3 k €	+0.1%	747,4 k €	+4.7%	713,5 k €	+1.9%	700,3 k €	-0.3%	702,1 k €	+3.9%	676 k €	-36.4%	1,1 M €	+160%	408,5 k €	+11.1%	367,8 k €	+42.6%	257,9 k €	+73.6%	148,6 k €	+4.1%	142,7 k €	+14.7%	124,4 k €	+42.0%	87,6 k €
Total assets	1,4 M €	-3.8%	1,4 M €	-7.7%	1,5 M €	+29.2%	1,2 M €	+0.9%	1,2 M €	-16.2%	1,4 M €	+0.4%	1,4 M €	+1.1%	1,4 M €	+17.6%	1,2 M €	-0.4%	1,2 M €	-6.5%	1,3 M €	+75.9%	712,2 k €	-4.5%	745,6 k €	+12.6%	662,1 k €	+12.8%	586,8 k €	-8.9%	643,9 k €	-15.4%	761,1 k €	+12.0%	679,8 k €
Cash	76 k €	+43.3%	53 k €	+37.6%	38,5 k €	-29.9%	55 k €	-58.5%	132,4 k €	+80.0%	73,6 k €	-26.6%	100,2 k €	-8.8%	109,9 k €	+145%	44,8 k €	-72.7%	164,3 k €	-36.8%	260 k €	+5.8%	245,9 k €	-15.9%	292,4 k €	+13.4%	257,9 k €	+35.2%	190,7 k €	-24.7%	253,3 k €	+31.2%	193,1 k €	+302%	48,1 k €
Debts	509,1 k €	-17.4%	616,2 k €	-12.4%	703,5 k €	+67.1%	421 k €	+0.6%	418,6 k €	-35.0%	644,5 k €	-4.2%	672,5 k €	+0.3%	670,5 k €	+46.8%	456,6 k €	-5.7%	484 k €	+155%	189,7 k €	-36.2%	297,2 k €	-7.5%	321,3 k €	-9.9%	356,8 k €	-11.0%	400,9 k €	-15.5%	474,3 k €	-19.5%	589,4 k €	-0.5%	592,2 k €
Other
Workforce	2,0 ETP		–		–		–		2,2 ETP	+10.0%	2,0 ETP	+42.9%	1,4 ETP	+40.0%	1,0 ETP	-9.1%	1,1 ETP	+10.0%	1,0 ETP	+400%	0,2 ETP		–		0,1 ETP	-90.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

NELE TEERLINCK

Director · since 01 juillet 2015

Active

DEVY

Director · since 12 septembre 2013 · 0537.210.546

Represented by Pieter VYNCKE

Active

Ended mandates

NELE TEERLINCK

Manager · since 01 juillet 2015

Ended

DEVY

Director · since 12 septembre 2013 · 0537.210.546

Represented by Pieter VYNCKE

Ended

DEVY

Manager · since 12 septembre 2013 · 0537.210.546

Represented by Pieter Vyncke

Ended

DEVY

Director · since 12 septembre 2013 · 0537.210.546

Represented by VYNCKE PIETER

Ended

At this address

Other companies at this address

Company	CBE no.
AIRBORNE INVEST● Active	1016.428.059
DEVY● Active	0537.210.546
VYMETAL● Active	0478.619.873

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	31/08/2026	19/08/2025	27/06/2024	20/07/2023	29/06/2022	01/07/2021
General meeting	27/08/2026	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	19/08/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	18/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	20/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	19/06/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/09/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	22/07/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	16/08/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	20/07/2010	13/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/07/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	14/08/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	21/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 13 ended

Active mandates

NELE TEERLINCK

Director · since 01 juillet 2015

Active

DEVY

Director · since 12 septembre 2013 · 0537.210.546

Represented by Pieter VYNCKE

Active

Ended mandates

NELE TEERLINCK

Manager · since 01 juillet 2015

Ended

DEVY

Director · since 12 septembre 2013 · 0537.210.546

Represented by Pieter VYNCKE

Ended

DEVY

Manager · since 12 septembre 2013 · 0537.210.546

Represented by Pieter Vyncke

Ended

DEVY

Director · since 12 septembre 2013 · 0537.210.546

Represented by VYNCKE PIETER

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other01/06/2018
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/10/2013
KAPITAAL - AANDELEN
PDF
Mandates19/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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 202554,1 k €↑
2024
Annual accounts 202414,7 k €↓
2023
Annual accounts 202318 k €↓
2022
Annual accounts 202283,2 k €↑
2021
Annual accounts 202124,4 k €↓
2018
Annual accounts 201833,9 k €↑
2017
Annual accounts 201713,2 k €↑
2016
Annual accounts 2016-1,8 k €↓
2015
Annual accounts 201526,1 k €↑
2014
Annual accounts 201413,8 k €↓
2013
Annual accounts 201399,3 k €↑
2012
Annual accounts 201240,8 k €↓
2011
Annual accounts 2011109,9 k €↑
2010
Annual accounts 2010109,3 k €↑
2009
Annual accounts 20095,9 k €↓
2008
Annual accounts 200818,3 k €↓
2007
Annual accounts 200736,8 k €↑
2006
Annual accounts 2006-16,3 k €
18/07/2005
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

VYRECUP

Overview

What does VYRECUP do?

Trend over 18 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