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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
General Recycling Services Europe from Schoten, company number BE0426709829, closed financial year 2025 with a result of € -985,246 after tax. For that financial year General Recycling Services Europe recorded a gross margin of € 309,090 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € -360,767 to € -985,246. The company made a loss. 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 April 27, 2026.
€ 2.8 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -985,246
▼ 173 % more loss than in 2024
Profit after tax over the fiscal year.
€ 43,264
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 595,036.
People and assets in 2025
4.6
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 275,216
▲ 2% vs 2024
€ 59,800 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.
€ 13,829
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▼ 5% vs 2024
€ 125,201 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 395,033
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,994
▲ 57% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 650,132 | € 377,124 | € 154,730 | € 309,090 | ▲ 100% |
| Profit after taxes | € 119,078 | € -54,860 | € -360,767 | € -985,246 | ▼ € 624,479 |
| Equity | € 3,222,763 | € 3,167,903 | € 2,808,032 | € 2,822,786 | ▲ 1% |
| Total debts | € 3,032,687 | € 3,041,705 | € 3,380,904 | € 3,418,165 | ▲ 1% |
| Cash | € 545,506 | € 206,198 | € 73,075 | € 43,264 | ▼ 41% |
| Land & buildings | € 1,480,127 | € 1,468,695 | € 1,419,041 | € 2,385,395 | ▲ 68% |
| Retained profit | € 1,935,763 | € 1,940,153 | € 1,580,282 | € 595,036 | ▼ 62% |
| Bank debt | € 2,760,571 | € 2,623,981 | € 2,491,655 | € 2,365,726 | ▼ 5% |
| Balance sheet total | € 6,262,624 | € 6,215,886 | € 6,194,317 | € 6,245,435 | ▲ 1% |
| Employees (FTE) | 6.2 | 5.1 | 4.5 | 4.6 | ▲ 0.1 |
Key figures of General Recycling Services Europe, 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 General Recycling Services Europe?
What happened at General Recycling Services Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- C.I.N. SA stepped down as director. NBB
- SOHOW SA stepped down as director. NBB
- Catherine WILMET stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 985,246. Source: NBB ↗
- Catherine WILMET became a director. NBB
- C.I.N. SA became a director. NBB
- SOHOW SA became a director. NBB
- New establishment in Schoten. KBO
In short
From € 119,078 profit in 2022 to € 985,246 loss in 2025.
Paid € 57,327 in corporate taxes since 2022.
Best year ever: 2022, with € 119,078 profit.
On average € 67,200 of value added per employee in 2025.
Management
The stake of SoHoW, COMPAGNIE INTERNATIONALE DE NEGOCE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
General Recycling Services EuropeThe shares are held by SoHoW (100%) and COMPAGNIE INTERNATIONALE DE NEGOCE (0.1%). It owns 87.5% of JETMETALS BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Pierre WILMET
Also active at: Sametal, WILMET LUXEMBOURG, COLIMETALS, JETMETALS
since 2016 · until 2029
Managing director · represented by Jacques WILMET
Also active at: Wilmet, Sametal, WILMET LUXEMBOURG, Phyto Clean Halanzy
since 2015 · until 2029
Catherine WILMET
Director
Also active at: Sametal, COMPAGNIE INTERNATIONALE DE NEGOCE, WILMET LUXEMBOURG, GOLIAS, Phyto Clean Halanzy, SoHoW
since 2023 · until 2029
Shareholders
100%
Participations
87.5%
Establishments
Establishment units
Physical locations of this company
Liebiglaan 1
2900 Schoten
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.709.829
- VAT number
- BE 0426.709.829
- Registered office
- Liebiglaan 1, 2900 Schoten
- Names & denominations
- General Recycling Services Europe · GRSE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 1985
- Peppol
- Active · Active since 13 Jun 2025
- 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