What does GM Recycling do?

GM Recycling is a wholesaler in Kaprijke. Private Limited, started on 2 October 1982, 1 establishment.

What is the address of GM Recycling?

The registered office of GM Recycling is located at Krommeveldstraat 1, 9971 Kaprijke.

Is GM Recycling still active?

Yes. According to the CBE (30 October 2026) GM Recycling is active, legal situation “Normale toestand”, started on 2 October 1982.

Is GM Recycling registered on Peppol?

Yes, GM Recycling is registered on the Peppol network with ID 0208:0423230992.

What is the enterprise number of GM Recycling?

The enterprise number of GM Recycling is BE0423230992.

When was GM Recycling founded?

GM Recycling was founded on 2 October 1982.

Who are the directors of GM Recycling?

According to the 2025 annual accounts, the directors of GM Recycling are: FREDDY GILLIS, GM MACHINERY BV.

Is GM Recycling a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 October 1982; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did GM Recycling make in 2025?

GM Recycling posted a profit after taxes of € 236,795 in financial year 2025.

What is the revenue of GM Recycling?

In its most recent annual accounts (2025), GM Recycling reported revenue of € 13,546,080.

How much does an employee at GM Recycling earn?

The average wage cost per full-time employee at GM Recycling was € 72,300 in 2025: staff costs of € 506,050 for 7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GM Recycling have?

According to the 2025 annual accounts, GM Recycling has 7 full-time equivalents (FTE).

GM Recycling (Private Limited) - Kaprijke - BE0423230992

Dossier GM Recycling, printed on 30 October 2026 from databakkes.be/en/0423230992/gm-recycling. 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.

Tight liquidity NBB

Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

GM Recycling from Kaprijke, company number BE0423230992, closed financial year 2025 with a result of € 236,795 after tax. For that financial year GM Recycling recorded revenue of € 13.5 million and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 188,981 to € 236,795. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 11, 2026.

What it is worth Growing

€ 2.6 million

▲ 10% vs 2024

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

Profit Growing

€ 236,795

▲ 25% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1 million

▲ € 777,646 vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2.5 million.

People and assets in 2025

Full-time equivalents

▼ 1.3 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 506,050

▼ 9% vs 2024

€ 72,300 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

€ 1.1 million

▼ 22% vs 2024

Of which on lease € 871,182.

Debts at end 2025

Bank debt ≈ 3 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.

€ 1.3 million

▼ 27% vs 2024

€ 303,855 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 1.8 million

▼ 10% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.

Taxes and wages

€ 276,645

▲ 23% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 18,014,334 Revenue 2022: € 18,014,334 First fiscal year in the series	€ 10,054,492 Revenue 2023: € 10,054,492 ▼ 44% vs 2022 (€ 18,014,334) Unfavourable step	€ 17,535,325 Revenue 2024: € 17,535,325 ▲ 74% vs 2023 (€ 10,054,492) Favourable step	€ 13,546,080 Revenue 2025: € 13,546,080 ▼ 23% vs 2024 (€ 17,535,325) Unfavourable step	▼ 23%
Profit after taxes	€ 895,759 Profit after taxes 2022: € 895,759 First fiscal year in the series	€ 524,238 Profit after taxes 2023: € 524,238 ▼ 41% vs 2022 (€ 895,759) Unfavourable step	€ 188,981 Profit after taxes 2024: € 188,981 ▼ 64% vs 2023 (€ 524,238) Unfavourable step	€ 236,795 Profit after taxes 2025: € 236,795 ▲ 25% vs 2024 (€ 188,981) Favourable step	▲ 25%
Equity	€ 1,807,529 Equity 2022: € 1,807,529 First fiscal year in the series	€ 2,131,766 Equity 2023: € 2,131,766 ▲ 18% vs 2022 (€ 1,807,529) Favourable step	€ 2,320,747 Equity 2024: € 2,320,747 ▲ 9% vs 2023 (€ 2,131,766) Favourable step	€ 2,557,542 Equity 2025: € 2,557,542 ▲ 10% vs 2024 (€ 2,320,747) Favourable step	▲ 10%
Total debts	€ 4,482,847 Total debts 2022: € 4,482,847 First fiscal year in the series	€ 7,982,099 Total debts 2023: € 7,982,099 ▲ 78% vs 2022 (€ 4,482,847) Unfavourable step	€ 5,761,235 Total debts 2024: € 5,761,235 ▼ 28% vs 2023 (€ 7,982,099) Favourable step	€ 4,485,101 Total debts 2025: € 4,485,101 ▼ 22% vs 2024 (€ 5,761,235) Favourable step	▼ 22%
Cash	€ 426,263 Cash 2022: € 426,263 First fiscal year in the series	€ 1,238,365 Cash 2023: € 1,238,365 ▲ 191% vs 2022 (€ 426,263) Favourable step	€ 240,467 Cash 2024: € 240,467 ▼ 81% vs 2023 (€ 1,238,365) Unfavourable step	€ 1,018,114 Cash 2025: € 1,018,114 ▲ € 777,646 vs 2024 (€ 240,467) Favourable step	▲ € 777,646
Land & buildings	€ 103,082 Land & buildings 2022: € 103,082 First fiscal year in the series	€ 99,828 Land & buildings 2023: € 99,828 ▼ 3% vs 2022 (€ 103,082) Unchanged	€ 84,433 Land & buildings 2024: € 84,433 ▼ 15% vs 2023 (€ 99,828) Unchanged	€ 69,038 Land & buildings 2025: € 69,038 ▼ 18% vs 2024 (€ 84,433) Unchanged	▼ 18%
Retained profit	€ 1,788,929 Retained profit 2022: € 1,788,929 First fiscal year in the series	€ 2,113,166 Retained profit 2023: € 2,113,166 ▲ 18% vs 2022 (€ 1,788,929) Favourable step	€ 2,302,147 Retained profit 2024: € 2,302,147 ▲ 9% vs 2023 (€ 2,113,166) Favourable step	€ 2,538,942 Retained profit 2025: € 2,538,942 ▲ 10% vs 2024 (€ 2,302,147) Favourable step	▲ 10%
Dividend	€ 700,000 Dividend 2022: € 700,000 First fiscal year in the series	€ 200,000 Dividend 2023: € 200,000 ▼ 71% vs 2022 (€ 700,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 200,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 1,033,427 Bank debt 2022: € 1,033,427 First fiscal year in the series	€ 1,332,382 Bank debt 2023: € 1,332,382 ▲ 29% vs 2022 (€ 1,033,427) Unfavourable step	€ 1,774,660 Bank debt 2024: € 1,774,660 ▲ 33% vs 2023 (€ 1,332,382) Unfavourable step	€ 1,296,731 Bank debt 2025: € 1,296,731 ▼ 27% vs 2024 (€ 1,774,660) Favourable step	▼ 27%
Balance sheet total	€ 6,292,843 Balance sheet total 2022: € 6,292,843 First fiscal year in the series	€ 10,115,840 Balance sheet total 2023: € 10,115,840 ▲ 61% vs 2022 (€ 6,292,843) Unchanged	€ 8,083,463 Balance sheet total 2024: € 8,083,463 ▼ 20% vs 2023 (€ 10,115,840) Unchanged	€ 7,043,631 Balance sheet total 2025: € 7,043,631 ▼ 13% vs 2024 (€ 8,083,463) Unchanged	▼ 13%
Employees (FTE)	7.6 Employees (FTE) 2022: 7.6 First fiscal year in the series	7.7 Employees (FTE) 2023: 7.7 ▲ 0.1 vs 2022 (7.6) Unchanged	8.3 Employees (FTE) 2024: 8.3 ▲ 0.6 vs 2023 (7.7) Unchanged	7 Employees (FTE) 2025: 7 ▼ 1.3 vs 2024 (8.3) Unchanged	▼ 1.3

Key figures of GM Recycling, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to GM Recycling?

What happened at GM Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Feb 11, 2026 New annual accounts for financial year 2025: profit of € 236,795 (▲ 25% vs 2024). filed late Source: NBB ↗
Nov 4, 1982 New establishment in Kaprijke. KBO
Oct 2, 1982 Start of the company according to the CBE. KBO

In short

From € 895,759 profit in 2022 to € 236,795 profit in 2025.

Paid € 359,049 in corporate taxes since 2022.

Best year ever: 2022, with € 895,759 profit.

Paid out € 900,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

FREDDY GILLIS GM MACHINERY BV

GM Recycling

Behind GM Recycling are FREDDY GILLIS and GM MACHINERY BV.

Directors

According to the 2025 annual accounts

FREDDY GILLIS

Director

GM MACHINERY BV

Director · represented by Emma Gillis

Establishments

Establishment units

Physical locations of this company

Registered office

Krommeveldstraat 1

9971 Kaprijke

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

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FGFG

Moetie lief

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

Details

Company number

0423.230.992

VAT number

BE 0423.230.992

Registered office

Krommeveldstraat 1, 9971 Kaprijke

Names & denominations

GM Recycling

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

2 October 1982

Peppol

Active · Active since 16 Sept 2025

Activities · NACE

Groothandel in andere machines en werktuigen, neg

Goederenvervoer over de weg

Groothandel in andere machines en werktuigen, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

GM Recycling

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Financials

What happened to GM Recycling?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions