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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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CAPIAU RECYCLING from Lokeren, company number BE0438849972, closed financial year 2025 with a result of € 52,343 after tax. For that financial year CAPIAU RECYCLING recorded revenue of € 13.9 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 93,072 to € 52,343. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ 1.7 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52,343
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 732,308
▼ 38% 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 € 1.4 million.
People and assets in 2025
1.9
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 136,292
▲ 124% vs 2024
€ 71,700 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.
€ 1.8 million
▼ 8% vs 2024
Of which on lease € 1.6 million.
Debts at end 2025
€ 12.1 million
▲ 176% vs 2024
€ 825,760 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 2.6 million
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
€ 25,600
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 13,853,763 | |
| Gross margin | € 815,778 | € 708,441 | € 828,940 | - | |
| Profit after taxes | € 118,642 | € 34,192 | € 93,072 | € 52,343 | ▼ 44% |
| Equity | € 1,487,906 | € 1,522,097 | € 1,615,170 | € 1,667,513 | ▲ 3% |
| Total debts | € 7,173,946 | € 6,294,858 | € 7,447,288 | € 14,805,409 | ▲ 99% |
| Cash | € 833,857 | € 1,230,412 | € 1,188,138 | € 732,308 | ▼ 38% |
| Land & buildings | € 1,865,614 | € 1,743,550 | € 1,651,744 | € 1,535,977 | ▼ 7% |
| Retained profit | € 1,214,006 | € 1,248,197 | € 1,341,270 | € 1,393,613 | ▲ 4% |
| Bank debt | € 5,081,355 | € 4,677,775 | € 4,386,599 | € 12,114,705 | ▲ 176% |
| Balance sheet total | € 8,662,608 | € 7,816,955 | € 9,062,457 | € 16,472,921 | ▲ 82% |
| Employees (FTE) | 1 | 1 | 1 | 1.9 | ▲ 0.9 |
Key figures of CAPIAU 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 CAPIAU RECYCLING?
What happened at CAPIAU RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gio Capiau stepped down as director. NBB
- Wim Capiau stepped down as director. NBB
- Ann Buyck stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 52,343 (▼ 44% vs 2024). filed late Source: NBB ↗
- Gio Capiau became a director. NBB
- Wim Capiau became a director. NBB
- Ann Buyck became a director. NBB
- New establishment in Lokeren. KBO
In short
From € 118,642 profit in 2022 to € 52,343 profit in 2025.
Paid € 18,928 in corporate taxes since 2022.
Best year ever: 2022, with € 118,642 profit.
On average € 828,900 of value added per employee in 2024.
Management
Directors
According to the 2025 annual accounts
Gio Capiau
Director
since 2016 · until 2028
Wim Capiau
Managing director
since 2016 · until 2028
Ann Buyck
Director
since 2016 · until 2028
Establishments
Establishment units
Physical locations of this company
Waaslandlaan 20
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0438.849.972
- VAT number
- BE 0438.849.972
- Registered office
- Waaslandlaan 20, 9160 Lokeren
- Names & denominations
- CAPIAU RECYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 1989
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- capiaurecycling.be
- Activities · NACE
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Groothandel in afval en schroot
Terugwinning van materialen uit afval
Slopen
Verhuur en lease van vrachtwagens
Verhuur van overige transportmiddelen voor vervoer te land
Recycling van niet-metaalafval
Slopen van gebouwen
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