Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GWL Recycling from Houthalen-Helchteren, company number BE0447213649, closed financial year 2025 with a result of € 44,148 after tax. For that financial year GWL Recycling recorded a gross margin of € 373,074 and equity of € 153,268. Compared with financial year 2024, the result moved from € -16,816 to € 44,148. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 153,268
▲ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,148
▲ still € 16,816 loss in 2024
Profit after tax over the fiscal year.
€ 44,986
▲ 81% 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 € 78,900.
People and assets in 2025
3.1
Average over the fiscal year, from the social balance sheet.
€ 246,312
▲ 35% vs 2024
€ 79,500 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.
€ 168,966
▲ € 152,122 vs 2024
Of which on lease € 152,821.
Debts at end 2025
€ 273,092
▲ 63% vs 2024
€ 82,750 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 298,696
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,076
▼ 3% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 199,272 | € 423,859 | € 223,488 | € 373,074 | ▲ 67% |
| Profit after taxes | € 17,408 | € 201,432 | € -16,816 | € 44,148 | ▲ € 60,964 |
| Equity | € -75,497 | € 125,936 | € 109,120 | € 153,268 | ▲ 40% |
| Total debts | € 420,220 | € 624,309 | € 536,164 | € 710,116 | ▲ 32% |
| Cash | € 9,576 | € 122,221 | € 24,807 | € 44,986 | ▲ 81% |
| Land & buildings | € 5,474 | € 4,760 | € 4,046 | € 3,331 | ▼ 18% |
| Retained profit | € -149,865 | € 51,568 | € 34,752 | € 78,900 | ▲ 127% |
| Bank debt | € 52,169 | € 194,118 | € 167,063 | € 273,092 | ▲ 63% |
| Balance sheet total | € 344,723 | € 750,244 | € 645,284 | € 863,383 | ▲ 34% |
| Employees (FTE) | 2.5 | - | - | 3.1 |
Key figures of GWL 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 GWL Recycling?
What happened at GWL Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,148. filed late Source: NBB ↗
- New establishment in Houthalen-Helchteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,408 profit in 2022 to € 44,148 profit in 2025.
Paid € 5,157 in corporate taxes since 2022.
Best year ever: 2023, with € 201,432 profit.
On average € 120,300 of value added per employee in 2025.
A new publication or filing at GWL Recycling? We notify you, reason included.
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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
The stake of GWL+ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GWL RecyclingBehind GWL Recycling are IWM BV and GWL+ BV. The shares are held by GWL+ (100%).
Directors
According to the 2025 annual accounts
Director · represented by Wim Lauwers
Also active at: GWL, PUTBORINGEN VAN HEUGTEN, GWL Nutsinfra
Director · represented by Jan Lauwers
Also active at: ONDERNEMINGEN GASTON HOUBEN, H EN S INTERNATIONAL
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Europark 1078 box 4
3530 Houthalen-Helchteren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0447.213.649
- VAT number
- BE 0447.213.649
- Registered office
- Europark 1078 bus 4, 3530 Houthalen-Helchteren
- Names & denominations
- GWL Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 1992
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Goederenvervoer over de weg
Inzameling van ongevaarlijk afval
Verhuur van overige transportmiddelen voor vervoer te land
Landschapsverzorging
Reparatie en onderhoud van consumentenartikelen, neg
Reparatie en onderhoud van producten van metaal
Verhuur en lease van vrachtwagens
Overige reparaties, n.e.g.
+2