Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 26.9 to 22.2.
Financials
Financial year 2025
GIELEN RECYCLAGE from Genk, company number BE0434375797, closed financial year 2025 with a result of € 269,238 after tax. For that financial year GIELEN RECYCLAGE recorded a gross margin of € 3.1 million and equity of € 9.6 million. Compared with financial year 2024, the result moved from € 104,019 to € 269,238. 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 July 14, 2026.
€ 9.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 269,238
▲ 159% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6.4 million.
People and assets in 2025
22.2
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 5% vs 2024
€ 57,700 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.
€ 810,041
▲ 61% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.9 million
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 703,024
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 131,453
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,340,851 | € 4,038,555 | € 2,615,917 | € 3,114,400 | ▲ 19% |
| Profit after taxes | € 856,399 | € 1,328,676 | € 104,019 | € 269,238 | ▲ 159% |
| Equity | € 7,927,029 | € 9,255,705 | € 9,359,724 | € 9,628,962 | ▲ 3% |
| Total debts | € 1,615,745 | € 4,268,283 | € 6,456,585 | € 6,137,430 | ▼ 5% |
| Cash | € 1,884,363 | € 1,532,081 | € 1,650,259 | € 1,721,243 | ▲ 4% |
| Land & buildings | € 1,481,054 | € 1,362,695 | € 1,395,693 | € 1,561,804 | ▲ 12% |
| Retained profit | € 4,699,666 | € 6,028,342 | € 6,132,361 | € 6,401,599 | ▲ 4% |
| Bank debt | € 0 | € 2,373,250 | € 3,797,200 | € 3,928,571 | ▲ 3% |
| Balance sheet total | € 9,562,986 | € 13,540,403 | € 15,829,487 | € 15,800,032 | |
| Employees (FTE) | 24 | 26.9 | 25.1 | 22.2 | ▼ 2.9 |
Key figures of GIELEN RECYCLAGE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GIELEN RECYCLAGE?
What happened at GIELEN RECYCLAGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philip Gielen stepped down as director. NBB
- Sabine Truda Gielen stepped down as director. NBB
- GIELEN IMMO NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 269,238 (▲ 159% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- New establishment in Genk. KBO
- Philip Gielen became a director. NBB
- Sabine Truda Gielen became a director. NBB
In short
From € 856,399 profit in 2022 to € 269,238 profit in 2025.
Paid € 736,612 in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
On average € 140,300 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Philip Gielen
Managing director
Also active at: TRANSPORT GIELEN, CONTAINER SERVICE GIELEN, GIELEN IMMO
since 2023 · until 2029
Sabine Truda Gielen
Managing director
Also active at: TRANSPORT GIELEN, CONTAINER SERVICE GIELEN, GIELEN IMMO
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Eikelaarstraat 17
3600 Genk
Hasseltsesteenweg z/n
3720 Hasselt
Active since 1 January 2025
Slingerweg 24
3600 Genk
Active since 1 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0434.375.797
- VAT number
- BE 0434.375.797
- Registered office
- Eikelaarstraat 17, 3600 Genk
- Names & denominations
- GIELEN RECYCLAGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 May 1988
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
Recycling van niet-metaalafval
Terugwinning van materialen uit afval
Recycling van metaalafval
Terugwinning van inerte afvalstoffen
Terugwinning van metaalafval
Bouwrijp maken van terreinen
Grondverzet