What does The Aluminium Recovery Company do?

The Aluminium Recovery Company is a wholesaler in Balen. Public Limited, started on 9 January 1979, 1 establishment.

What is the address of The Aluminium Recovery Company?

The registered office of The Aluminium Recovery Company is located at Industrieweg 3, 2490 Balen.

Is The Aluminium Recovery Company still active?

No. The CBE lists The Aluminium Recovery Company with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is The Aluminium Recovery Company registered on Peppol?

Yes, The Aluminium Recovery Company is registered on the Peppol network with ID 0208:0419096517.

What is the enterprise number of The Aluminium Recovery Company?

The enterprise number of The Aluminium Recovery Company is BE0419096517.

When was The Aluminium Recovery Company founded?

The Aluminium Recovery Company was founded on 9 January 1979.

Who are the directors of The Aluminium Recovery Company?

According to the 2024 annual accounts, the directors of The Aluminium Recovery Company are: Michaël Nelissen, PRINCESSES OF NEWBELAIR BV.

Is The Aluminium Recovery Company a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 9 January 1979; 3 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did The Aluminium Recovery Company make in 2024?

The Aluminium Recovery Company recorded a loss after taxes of € 897,528 in financial year 2024.

What is the revenue of The Aluminium Recovery Company?

As a small company, The Aluminium Recovery Company is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 1,382,354.

How much does an employee at The Aluminium Recovery Company earn?

The average wage cost per full-time employee at The Aluminium Recovery Company was € 115,800 in 2024: staff costs of € 1.3 million for 10.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does The Aluminium Recovery Company have?

According to the 2024 annual accounts, The Aluminium Recovery Company has 10.9 full-time equivalents (FTE).

The Aluminium Recovery Company (Public Limited) - Balen

Dossier The Aluminium Recovery Company, printed on 31 October 2026 from databakkes.be/en/0419096517/the-aluminium-recovery-company. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2023 and 2024.
Tight liquidity NBB

Cash and receivables cover 34 % of short-term debt in 2024; threshold 65 %.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2024

The Aluminium Recovery Company from Balen, company number BE0419096517, closed financial year 2024 with a result of € -897,528 after tax. For that financial year The Aluminium Recovery Company recorded a gross margin of € 1.4 million and equity of € 1.4 million. Compared with financial year 2023, the result moved from € -50,611 to € -897,528. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 17, 2024.

What it is worth Healthy

€ 1.4 million

▼ 38% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -897,528

▼ 1673 % more loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 315,573

▲ 33% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -245,250.

People and assets in 2024

Full-time equivalents

10.9

▼ 1 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.3 million

▼ 9% vs 2023

€ 115,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 293,532

▲ 54% vs 2023

Of which on lease € 286,269.

Debts at end 2024

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 5.2 million

▲ 7% vs 2023

€ 438,200 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 2.9 million

▲ 25% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Wages and social charges

€ 66,809

▼ 42% vs 2023

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 2,156,230 Gross margin 2022: € 2,156,230 First fiscal year in the series	€ 2,107,569 Gross margin 2023: € 2,107,569 ▼ 2% vs 2022 (€ 2,156,230) Unfavourable step	€ 1,382,354 Gross margin 2024: € 1,382,354 ▼ 34% vs 2023 (€ 2,107,569) Unfavourable step	▼ 34%
Profit after taxes	€ 503,800 Profit after taxes 2022: € 503,800 First fiscal year in the series	€ -50,611 Profit after taxes 2023: € -50,611 ▼ € 554,411 vs 2022 (€ 503,800) Unfavourable step	€ -897,528 Profit after taxes 2024: € -897,528 ▼ € 846,917 vs 2023 (€ -50,611) Unfavourable step	▼ € 846,917
Equity	€ 2,390,049 Equity 2022: € 2,390,049 First fiscal year in the series	€ 2,339,437 Equity 2023: € 2,339,437 ▼ 2% vs 2022 (€ 2,390,049) Unfavourable step	€ 1,441,909 Equity 2024: € 1,441,909 ▼ 38% vs 2023 (€ 2,339,437) Unfavourable step	▼ 38%
Total debts	€ 8,234,786 Total debts 2022: € 8,234,786 First fiscal year in the series	€ 7,347,617 Total debts 2023: € 7,347,617 ▼ 11% vs 2022 (€ 8,234,786) Favourable step	€ 8,443,958 Total debts 2024: € 8,443,958 ▲ 15% vs 2023 (€ 7,347,617) Unfavourable step	▲ 15%
Cash	€ 65,184 Cash 2022: € 65,184 First fiscal year in the series	€ 237,549 Cash 2023: € 237,549 ▲ 264% vs 2022 (€ 65,184) Favourable step	€ 315,573 Cash 2024: € 315,573 ▲ 33% vs 2023 (€ 237,549) Favourable step	▲ 33%
Land & buildings	€ 2,388,435 Land & buildings 2022: € 2,388,435 First fiscal year in the series	€ 4,444,651 Land & buildings 2023: € 4,444,651 ▲ 86% vs 2022 (€ 2,388,435) Unchanged	€ 4,612,617 Land & buildings 2024: € 4,612,617 ▲ 4% vs 2023 (€ 4,444,651) Unchanged	▲ 4%
Retained profit	€ 702,889 Retained profit 2022: € 702,889 First fiscal year in the series	€ 652,278 Retained profit 2023: € 652,278 ▼ 7% vs 2022 (€ 702,889) Unfavourable step	€ -245,250 Retained profit 2024: € -245,250 ▼ € 897,528 vs 2023 (€ 652,278) Unfavourable step	▼ € 897,528
Bank debt	€ 2,437,985 Bank debt 2022: € 2,437,985 First fiscal year in the series	€ 4,887,184 Bank debt 2023: € 4,887,184 ▲ 100% vs 2022 (€ 2,437,985) Unfavourable step	€ 5,228,222 Bank debt 2024: € 5,228,222 ▲ 7% vs 2023 (€ 4,887,184) Unfavourable step	▲ 7%
Balance sheet total	€ 10,671,102 Balance sheet total 2022: € 10,671,102 First fiscal year in the series	€ 9,733,322 Balance sheet total 2023: € 9,733,322 ▼ 9% vs 2022 (€ 10,671,102) Unchanged	€ 9,932,134 Balance sheet total 2024: € 9,932,134 ▲ 2% vs 2023 (€ 9,733,322) Unchanged	▲ 2%
Employees (FTE)	11.5 Employees (FTE) 2022: 11.5 First fiscal year in the series	11.9 Employees (FTE) 2023: 11.9 ▲ 0.4 vs 2022 (11.5) Unchanged	10.9 Employees (FTE) 2024: 10.9 ▼ 1 vs 2023 (11.9) Unchanged	▼ 1

Key figures of The Aluminium Recovery Company, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 October 2025.

What happened to The Aluminium Recovery Company?

What happened at The Aluminium Recovery Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

The Aluminium Recovery Company is active according to the CBE. Legal situation: Opening faillissement.

2024 Michaël Nelissen stepped down as director. NBB
2024 PRINCESSES OF NEWBELAIR BV stepped down as director. NBB
Oct 17, 2024 New annual accounts for financial year 2024: loss of € 897,528. Source: NBB ↗
2018 PRINCESSES OF NEWBELAIR BV became a director. NBB
Feb 7, 1979 New establishment in Balen. KBO
Jan 9, 1979 Start of the company according to the CBE. KBO

In short

From € 503,800 profit in 2022 to € 897,528 loss in 2024.

Paid € 203,241 in corporate taxes since 2022.

Best year ever: 2022, with € 503,800 profit.

On average € 126,800 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2024 annual accounts

Michaël Nelissen

Managing director

· until 2024

PRINCESSES OF NEWBELAIR BV

Director

since 2018 · until 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Industrieweg 3

2490 Balen

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0419.096.517

VAT number

BE 0419.096.517

Registered office

Industrieweg 3, 2490 Balen

Names & denominations

The Aluminium Recovery Company · TARC · Metaalhandel Werrens en TARC

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Opening faillissement

Start date

9 January 1979

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Groothandel in ijzer- en staalschroot en in oude non-ferrometalen

Groothandel in afval en schroot

Terugwinning van materialen uit afval

Recycling van metaalafval

Terugwinning van metaalafval

View on CBE Public ↗ Annual accounts (NBB) ↗

The Aluminium Recovery Company