What does MARO RECYCLING do?

MARO RECYCLING is a wholesaler in Ledegem. Public Limited, started on 27 May 1993, 1 establishment.

What is the address of MARO RECYCLING?

The registered office of MARO RECYCLING is located at Sint-Eloois-Winkelstraat 127, 8880 Ledegem.

Is MARO RECYCLING still active?

Yes. According to the CBE (30 October 2026) MARO RECYCLING is active, legal situation “Normale toestand”, started on 27 May 1993.

Is MARO RECYCLING registered on Peppol?

Yes, MARO RECYCLING is registered on the Peppol network with ID 0208:0450238762.

What is the enterprise number of MARO RECYCLING?

The enterprise number of MARO RECYCLING is BE0450238762.

When was MARO RECYCLING founded?

MARO RECYCLING was founded on 27 May 1993.

Who are the directors of MARO RECYCLING?

According to the 2025 annual accounts, the directors of MARO RECYCLING are: INBV SRL, BAVAR SRL, Marc Baekelandt.

Is MARO RECYCLING a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 May 1993; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did MARO RECYCLING make in 2025?

MARO RECYCLING posted a profit after taxes of € 185,882 in financial year 2025.

What is the revenue of MARO RECYCLING?

As a small company, MARO RECYCLING is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 226,454.

How many employees does MARO RECYCLING have?

According to the 2025 annual accounts, MARO RECYCLING has 0 full-time equivalents (FTE).

MARO RECYCLING (Public Limited) - Ledegem - BE0450238762

Dossier MARO RECYCLING, printed on 30 October 2026 from databakkes.be/en/0450238762/maro-recycling. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 64 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MARO RECYCLING from Ledegem, company number BE0450238762, closed financial year 2025 with a result of € 185,882 after tax. For that financial year MARO RECYCLING recorded a gross margin of € 226,454 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 141,536 to € 185,882. 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 1, 2026.

What it is worth Growing

€ 1.4 million

▲ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 185,882

▲ 31% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 368,506

▼ 16% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 37,500 paid out

20 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 742

▲ 4% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 460,769

▼ 45% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 84,185

▲ 125% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 597,894 Gross margin 2022: € 597,894 First fiscal year in the series	€ 368,786 Gross margin 2023: € 368,786 ▼ 38% vs 2022 (€ 597,894) Unfavourable step	€ 140,255 Gross margin 2024: € 140,255 ▼ 62% vs 2023 (€ 368,786) Unfavourable step	€ 226,454 Gross margin 2025: € 226,454 ▲ 61% vs 2024 (€ 140,255) Favourable step	▲ 61%
Profit after taxes	€ 462,984 Profit after taxes 2022: € 462,984 First fiscal year in the series	€ 321,331 Profit after taxes 2023: € 321,331 ▼ 31% vs 2022 (€ 462,984) Unfavourable step	€ 141,536 Profit after taxes 2024: € 141,536 ▼ 56% vs 2023 (€ 321,331) Unfavourable step	€ 185,882 Profit after taxes 2025: € 185,882 ▲ 31% vs 2024 (€ 141,536) Favourable step	▲ 31%
Equity	€ 1,518,553 Equity 2022: € 1,518,553 First fiscal year in the series	€ 1,152,157 Equity 2023: € 1,152,157 ▼ 24% vs 2022 (€ 1,518,553) Unfavourable step	€ 1,256,193 Equity 2024: € 1,256,193 ▲ 9% vs 2023 (€ 1,152,157) Favourable step	€ 1,404,575 Equity 2025: € 1,404,575 ▲ 12% vs 2024 (€ 1,256,193) Favourable step	▲ 12%
Total debts	€ 853,252 Total debts 2022: € 853,252 First fiscal year in the series	€ 1,370,823 Total debts 2023: € 1,370,823 ▲ 61% vs 2022 (€ 853,252) Unfavourable step	€ 1,428,519 Total debts 2024: € 1,428,519 ▲ 4% vs 2023 (€ 1,370,823) Unfavourable step	€ 1,105,486 Total debts 2025: € 1,105,486 ▼ 23% vs 2024 (€ 1,428,519) Favourable step	▼ 23%
Cash	€ 1,491,414 Cash 2022: € 1,491,414 First fiscal year in the series	€ 206,230 Cash 2023: € 206,230 ▼ 86% vs 2022 (€ 1,491,414) Unfavourable step	€ 440,571 Cash 2024: € 440,571 ▲ 114% vs 2023 (€ 206,230) Favourable step	€ 368,506 Cash 2025: € 368,506 ▼ 16% vs 2024 (€ 440,571) Unfavourable step	▼ 16%
Retained profit	€ 1,454,798 Retained profit 2022: € 1,454,798 First fiscal year in the series	€ 1,090,657 Retained profit 2023: € 1,090,657 ▼ 25% vs 2022 (€ 1,454,798) Unfavourable step	€ 1,194,693 Retained profit 2024: € 1,194,693 ▲ 10% vs 2023 (€ 1,090,657) Favourable step	€ 1,343,075 Retained profit 2025: € 1,343,075 ▲ 12% vs 2024 (€ 1,194,693) Favourable step	▲ 12%
Dividend	€ 75,000 Dividend 2022: € 75,000 First fiscal year in the series	€ 75,000 Dividend 2023: € 75,000 Unchanged (€ 75,000) Unchanged	€ 37,500 Dividend 2024: € 37,500 ▼ 50% vs 2023 (€ 75,000) Unchanged	€ 37,500 Dividend 2025: € 37,500 Unchanged (€ 37,500) Unchanged
Balance sheet total	€ 2,371,805 Balance sheet total 2022: € 2,371,805 First fiscal year in the series	€ 2,522,980 Balance sheet total 2023: € 2,522,980 ▲ 6% vs 2022 (€ 2,371,805) Unchanged	€ 2,684,712 Balance sheet total 2024: € 2,684,712 ▲ 6% vs 2023 (€ 2,522,980) Unchanged	€ 2,510,061 Balance sheet total 2025: € 2,510,061 ▼ 7% vs 2024 (€ 2,684,712) Unchanged	▼ 7%

Key figures of MARO 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 MARO RECYCLING?

What happened at MARO RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 1, 2026 New annual accounts for financial year 2025: profit of € 185,882 (▲ 31% vs 2024). Source: NBB ↗
Jun 18, 1993 New establishment in Ledegem. KBO
May 27, 1993 Start of the company according to the CBE. KBO

In short

From € 462,984 profit in 2022 to € 185,882 profit in 2025.

Paid € 296,472 in corporate taxes since 2022.

Best year ever: 2022, with € 462,984 profit.

Paid out € 225,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

INBV SRL BAVAR SRL Marc Baekelandt

COBRA Packaging and Recycling

BAVAR

MARO RECYCLING

Behind MARO RECYCLING are INBV SRL, BAVAR SRL and Marc Baekelandt. INBV SRL is also behind COBRA Packaging and Recycling and BAVAR. BAVAR SRL is also behind COBRA Packaging and Recycling.

Directors

According to the 2025 annual accounts

INBV SRL

Managing director · represented by Baekelandt Korneel

Also active at: COBRA Packaging and Recycling, BAVAR

BAVAR SRL

Director · represented by Roosmarijke VAN REETH

Also active at: COBRA Packaging and Recycling

Marc Baekelandt

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Sint-Eloois-Winkelstraat 127

8880 Ledegem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0450.238.762

VAT number

BE 0450.238.762

Registered office

Sint-Eloois-Winkelstraat 127, 8880 Ledegem

Names & denominations

MARO RECYCLING

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

27 May 1993

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Groothandel in hout

Activiteiten van verpakkingsbedrijven

Vervaardiging van verpakkingsmateriaal van kunststof

Handelsbemiddeling in de niet-gespecialiseerde groothandel

View on CBE Public ↗ Annual accounts (NBB) ↗

MARO RECYCLING

Warning lights

Financials

What happened to MARO RECYCLING?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions