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 12 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RECYC WEST from Oostende, company number BE0455261085, closed financial year 2025 with a result of € -65,445 after tax. For that financial year RECYC WEST recorded a gross margin of € 19,330 and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 34,126 to € -65,445. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 3.1 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,445
▼ still € 34,126 profit in 2024
Profit after tax over the fiscal year.
€ 48,536
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.5 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 848,337
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,584
▼ 47% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,837 | € -7,737 | € 3,905 | € 19,330 | ▲ € 15,425 |
| Profit after taxes | € -17,651 | € -31,758 | € 34,126 | € -65,445 | ▼ € 99,571 |
| Equity | € 3,146,470 | € 3,114,713 | € 3,148,839 | € 3,083,394 | ▼ 2% |
| Total debts | € 428,640 | € 1,154,169 | € 3,227,631 | € 3,745,439 | ▲ 16% |
| Cash | € 195,801 | € 9,779 | € 48,690 | € 48,536 | |
| Land & buildings | € 368,592 | € 352,771 | € 336,951 | € 5,000,970 | ▲ € 4.7 million |
| Retained profit | € 2,580,881 | € 2,549,123 | € 2,583,250 | € 2,517,805 | ▼ 3% |
| Bank debt | € 6 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 4,363,106 | € 5,056,878 | € 7,164,466 | € 7,592,951 | ▲ 6% |
Key figures of RECYC WEST, 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 RECYC WEST?
What happened at RECYC WEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 65,445 (▼ € 99,571 vs 2024). Source: NBB ↗
- STEENBAKKERIJ DE KEIGNAERT NV became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,651 loss in 2022 to € 65,445 loss in 2025.
Best year ever: 2024, with € 34,126 profit.
Management
The stake of Steenbakkerij De Keignaert comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RECYC WESTBehind RECYC WEST is STEENBAKKERIJ DE KEIGNAERT NV. The shares are held by Steenbakkerij De Keignaert (100%).
Directors
According to the 2025 annual accounts
Director · represented by Verhelst Johan
Also active at: T.M.C. BELGIUM, JOPECA
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudenburgsesteenweg 106
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →VERHELST AANNEMINGEN
€ 87.7 million revenue · 2025
Top-Mix
€ 34.3 million revenue · 2024
Transport Janssens
€ 3.8 million gross margin · 2025
Verhelst Immo
€ 1.3 million revenue · 2025
BALEGRO
€ 2.1 million gross margin · 2025
+14 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
- 0455.261.085
- VAT number
- BE 0455.261.085
- Registered office
- Oudenburgsesteenweg 106, 8400 Oostende
- Names & denominations
- RECYC WEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 May 1995
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
Terugwinning van materialen uit afval
Recycling van niet-metaalafval
Terugwinning van inerte afvalstoffen