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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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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
J.M. RECYCLING from Hasselt, company number BE0439652993, closed financial year 2025 with a result of € 11.6 million after tax. For that financial year J.M. RECYCLING recorded revenue of € 3.8 million and equity of € 121.8 million. Compared with financial year 2024, the result moved from € 17.4 million to € 11.6 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 August 6, 2026.
€ 121.8 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.6 million
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 8.6 million
▲ 84% 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 € 118.8 million.
People and assets in 2025
10.2
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 23% vs 2024
€ 104,900 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.
€ 6,274
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 18.2 million
▲ 7% vs 2024
€ 2.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 774,448
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 158,586
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,372,853 | € 1,448,000 | € 4,290,228 | € 3,842,217 | ▼ 10% |
| Profit after taxes | € 24,367,416 | € -1,160,169 | € 17,397,640 | € 11,557,393 | ▼ 34% |
| Equity | € 94,419,004 | € 92,867,545 | € 110,288,046 | € 121,845,439 | ▲ 10% |
| Total debts | € 42,741,246 | € 49,956,711 | € 79,808,040 | € 77,359,248 | ▼ 3% |
| Cash | € 5,243 | € 5,628 | € 4,685,057 | € 8,636,649 | ▲ 84% |
| Retained profit | € 91,027,714 | € 89,867,545 | € 107,285,903 | € 118,843,296 | ▲ 11% |
| Bank debt | € 14,227,000 | € 21,732,000 | € 16,963,377 | € 18,217,710 | ▲ 7% |
| Balance sheet total | € 137,160,250 | € 142,824,256 | € 190,096,086 | € 199,204,687 | ▲ 5% |
| Employees (FTE) | 2 | 1.8 | 9.6 | 10.2 | ▲ 0.6 |
Key figures of J.M. 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 31 July 2027.
What happened to J.M. RECYCLING?
What happened at J.M. RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tom Melotte BV stepped down as director. NBB
- Jemi Consult BV stepped down as director. NBB
- Jeinepoel NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11.6 million (▼ 34% vs 2024). filed late Source: NBB ↗
- Tom Melotte BV became a director. NBB
- Jemi Consult BV became a director. NBB
- Jeinepoel NV became a director. NBB
- New establishment in Hasselt. KBO
In short
From € 24.4 million profit in 2022 to € 11.6 million profit in 2025.
Paid € 9,116 in corporate taxes since 2022.
Best year ever: 2022, with € 24.4 million profit.
Pays suppliers within 60 days on average.
Management
It owns 100% of Battery of Limburg, 100% of Ecomac, 100% of Bio Energy, 100% of Machiels Building Solutions, 100% of Remo Milieubeheer and 100% of Waterleau New Energy Ieper itself.
Directors
According to the 2025 annual accounts
Director · represented by Tom Melotte
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Genk Cargo Connect, Machiels, TAMORCO, MACHIELS REAL ESTATE, MATRACO, MAC² SHIPPING +20 more
since 2025 · until 2029
Managing director · represented by Louis Machiels
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Genk Cargo Connect, Machiels, TAMORCO, Waterleau Technics, MACHIELS REAL ESTATE, MATRACO +57 more
since 2023 · until 2029
Director · represented by Fabienne Soetaers
Also active at: TAMORCO, J.M. CONSTRUCT, IMMO REVA, GOMAC Invest, EXPANDUS, KORTENBOSCH
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Ekkelgaarden 16
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
All companies at this address →Maasland Groefuitbating same network
€ 640,411 revenue · 2025
Remo - Milieubeheer same network
€ 285,259 revenue · 2025
Machiels same network
€ 983,476 revenue · 2025
TAMORCO same network
€ 126,000 revenue · 2025
MACHIELS REAL ESTATE same network
€ 2.1 million revenue · 2025
+31 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.652.993
- VAT number
- BE 0439.652.993
- Registered office
- Ekkelgaarden 16, 3500 Hasselt
- Names & denominations
- J.M. RECYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1989
- Peppol
- Active · Active since 5 Aug 2025
- Activities · NACE
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
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Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
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