OPENING OF BANKRUPTCY

MD Recycling

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Financial year 2023 · closed on 31/12/2023

Net result

11,5 k €

-67.1% YoY

Gross margin

156,8 k €

-41.3% YoY

Equity

205,3 k €

+6.0% YoY

Workforce

1,0 ETP

0.0% YoY

Company — Opening of bankruptcy.

Strike-off: 18 septembre 2026

What does MD Recycling do?

MD Recycling is a Private limited company incorporated in 2007. Its main activity is: Wholesale of waste and scrap. Its registered office is in Essen. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0886.145.280

Incorporation

05/01/2007

Legal form

Private limited company

Registered office

Rijkmakerlaan 38
2910 Essen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2023

Average workforce

1,0 ETP

Activities (NACE)

46771Wholesale of waste and scrap· main 46772Wholesale of waste and scrap 46871Wholesale trade, except of motor vehicles and motorcycles 46872Wholesale trade, except of motor vehicles and motorcycles 51570Air transport 37100Sewerage+5

Joint committees (3)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	156,8 k €	-41.3%	267,2 k €	-6.8%	286,6 k €	+116%	132,6 k €	+94.5%	68,1 k €	+45.9%	46,7 k €	-46.9%	88,0 k €	+79.8%	48,9 k €	-10.9%	54,9 k €	-30.1%	78,6 k €	+44.1%	54,6 k €	-13.3%	62,9 k €	+117%	28,9 k €	-22.1%	37,1 k €	+36.9%	27,1 k €	-5.8%	28,8 k €
EBITDA	49,2 k €	-45.3%	89,9 k €	-47.0%	169,5 k €	+158%	65,8 k €	+2354%	-2,9 k €	-888%	370,5 €	-98.9%	34,4 k €	+1265%	2,5 k €	-91.1%	28,2 k €	+7.8%	26,1 k €	+46.9%	17,8 k €	-44.8%	32,2 k €	+24.7%	25,9 k €	+50.2%	17,2 k €	+1174%	-1,6 k €	-124%	6,6 k €
Operating result	19,6 k €	-69.6%	64,3 k €	-59.6%	159,3 k €	+155%	62,4 k €	+819%	-8,7 k €	-54.1%	-5,6 k €	-122%	25,6 k €	+317%	-11,8 k €	-188%	13,4 k €	-0.1%	13,4 k €	+158%	5,2 k €	-74.9%	20,7 k €	+36.5%	15,1 k €	+50.4%	10,1 k €	+223%	-8,2 k €	-244%	5,7 k €
Net result	11,5 k €	-67.1%	35,0 k €	-68.9%	112,7 k €	+98.1%	56,9 k €	+656%	-10,2 k €	-58.5%	-6,5 k €	-135%	18,5 k €	+291%	-9,7 k €	-241%	6,8 k €	-9.9%	7,6 k €	+6583%	-117,2 €	-102%	4,8 k €	-21.4%	6,1 k €	+40.8%	4,3 k €	+149%	-8,9 k €	-369%	3,3 k €
Balance sheet
Equity	205,3 k €	+6.0%	193,7 k €	+22.1%	158,7 k €	+245%	46,0 k €	+106%	22,3 k €	-31.4%	32,6 k €	-16.5%	39,0 k €	+89.8%	20,5 k €	-32.0%	30,2 k €	+29.3%	23,4 k €	+48.2%	15,8 k €	-0.7%	15,9 k €	+43.5%	11,1 k €	+124%	4,9 k €	+733%	593,0 €	-93.8%	9,5 k €
Total assets	601,3 k €	+9.4%	549,4 k €	-18.4%	672,9 k €	+23.7%	544,0 k €	+75.0%	310,8 k €	+4.5%	297,5 k €	-1.4%	301,8 k €	+22.2%	246,9 k €	+4.5%	236,3 k €	+6.1%	222,8 k €	+19.3%	186,8 k €	-3.1%	192,8 k €	+5.8%	182,2 k €	-5.3%	192,5 k €	+50.3%	128,0 k €	+115%	59,6 k €
Cash	3,6 k €	-68.6%	11,5 k €	-59.2%	28,3 k €	+6.4%	26,6 k €		–		816,9 €	-90.7%	8,8 k €	+546%	1,4 k €	-14.8%	1,6 k €	-80.8%	8,3 k €	+422%	1,6 k €	-68.1%	5,0 k €	-41.8%	8,6 k €	+68.4%	5,1 k €	+338%	1,2 k €		–
Debts	396,0 k €	+11.3%	355,7 k €	-30.8%	514,2 k €	+3.3%	497,9 k €	+72.6%	288,4 k €	+8.9%	264,9 k €	+0.8%	262,8 k €	+16.1%	226,4 k €	+9.8%	206,1 k €	+15.5%	178,5 k €	+4.3%	171,1 k €	-3.0%	176,3 k €	+3.0%	171,2 k €	-8.7%	187,5 k €	+47.1%	127,5 k €	+155%	50,1 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP		–		–		–		1,0 ETP		–		1,2 ETP	+9.1%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	+66.7%	0,6 ETP		–		–		–		1,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 3 ended

Active mandates

Glenn Mariën

Director

Active

Ludovicus Marien

Director

Active

Ended mandates

KARIN DINGEMANS

Manager

Ended

Ludo Mariën

Director

Ended

LUDOVICUS MARIEN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Karimmo● Active	0873.403.143
MARIËN● Active	0416.620.641

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2025	05/03/2025	19/10/2022	25/10/2021	24/03/2021	14/10/2019
General meeting	30/06/2024	30/06/2023	01/06/2022	02/06/2021	03/06/2020	05/06/2019
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	31/12/2023	30/06/2024	28/04/2025	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	05/03/2025	Dutch	PDF
Micro model	31/12/2021	01/06/2022	19/10/2022	Dutch	PDF
Micro model	31/12/2020	02/06/2021	25/10/2021	Dutch	PDF
Micro model	31/12/2019	03/06/2020	24/03/2021	Dutch	PDF
Micro model	31/12/2018	05/06/2019	14/10/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	17/09/2018	Dutch	PDF
Micro model	31/12/2016	07/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/07/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/08/2012	31/10/2012	Dutch	PDF
Abridged model	31/12/2010	06/07/2011	24/08/2011	Dutch	PDF
Abridged model	31/12/2009	13/04/2011	24/08/2011	Dutch	PDF
Abridged model	31/12/2008	03/06/2009	24/08/2011	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	01/08/2008	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2023 · 2 active · 3 ended

Active mandates

Glenn Mariën

Director

Active

Ludovicus Marien

Director

Active

Ended mandates

KARIN DINGEMANS

Manager

Ended

Ludo Mariën

Director

Ended

LUDOVICUS MARIEN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2007
ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2007
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

2023
Annual accounts 202311,5 k €↓
2022
Annual accounts 202235,0 k €↓
2021
Annual accounts 2021112,7 k €↑
2020
Annual accounts 202056,9 k €↑
2018
Annual accounts 2018-10,2 k €↓
2017
Annual accounts 2017-6,5 k €↓
2016
Annual accounts 201618,5 k €↑
2015
Annual accounts 2015-9,7 k €↓
2014
Annual accounts 20146,8 k €↓
2013
Annual accounts 20137,6 k €↑
2012
Annual accounts 2012-117,2 €↓
2011
Annual accounts 20114,8 k €↓
2010
Annual accounts 20106,1 k €↑
2009
Annual accounts 20094,3 k €↑
2008
Annual accounts 2008-8,9 k €↓
2007
Annual accounts 20073,3 k €
05/01/2007
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

MD Recycling

Overview

What does MD Recycling do?

Trend over 16 financial years

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