Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 5.8 to 4.3.
Financials
Financial year 2025
RECYC-OIL from Wielsbeke, company number BE0424409543, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year RECYC-OIL recorded a gross margin of € 2.3 million and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 3.1 million to € 1.5 million. The company is profitable. 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 March 10, 2026.
€ 1.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 772,448
▲ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
96 % of the profit went to the shareholders, mostly to COPROBEL (100 % of the shares). That is where the money ends up.
People and assets in 2025
4.3
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 386,930
▼ 9% vs 2024
€ 90,000 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.
€ 68,874
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 947,619
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,089
▼ 14% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,818,462 | € 4,623,852 | € 4,178,018 | € 2,281,352 | ▼ 45% |
| Profit after taxes | € 3,129,068 | € 2,824,753 | € 3,091,352 | € 1,456,961 | ▼ 53% |
| Equity | € 1,207,950 | € 1,682,703 | € 1,724,055 | € 1,781,016 | ▲ 3% |
| Total debts | € 3,889,869 | € 2,768,385 | € 2,597,146 | € 2,400,709 | ▼ 8% |
| Cash | € 976,253 | € 38,096 | € 489,718 | € 772,448 | ▲ 58% |
| Land & buildings | € 272,766 | € 236,308 | € 227,836 | € 188,177 | ▼ 17% |
| Retained profit | € 207,950 | € 682,703 | € 724,055 | € 781,016 | ▲ 8% |
| Dividend | € 3,129,000 | € 2,350,000 | € 3,050,000 | € 1,400,000 | ▼ 54% |
| Balance sheet total | € 5,097,819 | € 4,451,088 | € 4,321,202 | € 4,181,725 | ▼ 3% |
| Employees (FTE) | 6 | 5.8 | 5.5 | 4.3 | ▼ 1.2 |
Key figures of RECYC-OIL, 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 April 2027.
What happened to RECYC-OIL?
What happened at RECYC-OIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Oilcotrans NV stepped down as director. NBB
- Coprobel NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.5 million (▼ 53% vs 2024). Source: NBB ↗
- Oilcotrans NV became a director. NBB
- Coprobel NV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Wielsbeke. KBO
In short
From € 3.1 million profit in 2022 to € 1.5 million profit in 2025.
Paid € 2.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.1 million profit.
On average € 530,500 of value added per employee in 2025.
Management
The stake of COPROBEL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RECYC-OILThe shares are held by COPROBEL (100%).
Directors
According to the 2025 annual accounts
Director · represented by Laurens Vandaele
since 2023 · until 2029
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Molenstraat 209
8710 Wielsbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.409.543
- VAT number
- BE 0424.409.543
- Registered office
- Molenstraat 209, 8710 Wielsbeke
- Names & denominations
- RECYC-OIL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 1983
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Andere afvalverwijdering
Verzamelen, storten en verwerken van huisvuil, industrieel afval, landbouwafval en bouw- en sloopafval
Recycling van niet-metaalafval
Terugwinning van materialen uit afval
Overige verwerking en verwijdering van ongevaarlijk afval
Terugwinning van inerte afvalstoffen