What does RECUTEX do?

RECUTEX is a wholesaler in Waregem. Public Limited, started on 24 May 1996, 2 establishments.

What is the address of RECUTEX?

The registered office of RECUTEX is located at Zultseweg 234, 8790 Waregem.

Is RECUTEX still active?

Yes. According to the CBE (29 October 2026) RECUTEX is active, legal situation “Normale toestand”, started on 24 May 1996.

Is RECUTEX registered on Peppol?

Yes, RECUTEX is registered on the Peppol network with ID 0208:0458022617.

What is the enterprise number of RECUTEX?

The enterprise number of RECUTEX is BE0458022617.

When was RECUTEX founded?

RECUTEX was founded on 24 May 1996.

Who are the directors of RECUTEX?

According to the 2025 annual accounts, the directors of RECUTEX are: POL T'JOLLYN, DOUBLE T BV.

Is RECUTEX a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 24 May 1996; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did RECUTEX make in 2025?

RECUTEX recorded a loss after taxes of € 2,600,421 in financial year 2025.

What is the revenue of RECUTEX?

In its most recent annual accounts (2025), RECUTEX reported revenue of € 19,359,635.

How much does an employee at RECUTEX earn?

The average wage cost per full-time employee at RECUTEX was € 74,100 in 2025: staff costs of € 5.7 million for 76.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does RECUTEX have?

According to the 2025 annual accounts, RECUTEX has 76.7 full-time equivalents (FTE).

RECUTEX (Public Limited) - Waregem - BE0458022617

Dossier RECUTEX, printed on 29 October 2026 from databakkes.be/en/0458022617/recutex. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

RECUTEX from Waregem, company number BE0458022617, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year RECUTEX recorded revenue of € 19.4 million and equity of € 3.6 million. Compared with financial year 2023, the result moved from € 1.6 million to € -2.6 million. 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 January 30, 2026.

What it is worth Healthy

€ 3.6 million

▼ 42% vs 2023

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

Loss Caution

€ -2.6 million

▼ still € 1.6 million profit in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 387,861

▼ 69% vs 2023

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 3.6 million.

People and assets in 2025

Full-time equivalents

76.7

▲ 1.9 vs 2023

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 4.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 5.7 million

▲ 65% vs 2023

€ 74,100 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.

Vehicles and equipment

€ 306,778

▲ 1% vs 2023

Of which on lease € 86,991.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 733,334

€ 27,491 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 2.8 million

▲ € 2.2 million vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.

Taxes and wages

€ 530,432

▲ 12% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2025	Change 2023 → 2025
Revenue	€ 13,719,499 Revenue 2021: € 13,719,499 First fiscal year in the series	€ 15,631,981 Revenue 2022: € 15,631,981 ▲ 14% vs 2021 (€ 13,719,499) Favourable step	€ 16,529,998 Revenue 2023: € 16,529,998 ▲ 6% vs 2022 (€ 15,631,981) Favourable step	€ 19,359,635 Revenue 2025: € 19,359,635 ▲ 17% vs 2023 (€ 16,529,998) Favourable step	▲ 17%
Profit after taxes	€ 1,105,276 Profit after taxes 2021: € 1,105,276 First fiscal year in the series	€ 2,514,914 Profit after taxes 2022: € 2,514,914 ▲ 128% vs 2021 (€ 1,105,276) Favourable step	€ 1,552,008 Profit after taxes 2023: € 1,552,008 ▼ 38% vs 2022 (€ 2,514,914) Unfavourable step	€ -2,600,421 Profit after taxes 2025: € -2,600,421 ▼ € 4.2 million vs 2023 (€ 1,552,008) Unfavourable step	▼ € 4.2 million
Equity	€ 3,756,498 Equity 2021: € 3,756,498 First fiscal year in the series	€ 4,671,412 Equity 2022: € 4,671,412 ▲ 24% vs 2021 (€ 3,756,498) Favourable step	€ 6,223,420 Equity 2023: € 6,223,420 ▲ 33% vs 2022 (€ 4,671,412) Favourable step	€ 3,622,999 Equity 2025: € 3,622,999 ▼ 42% vs 2023 (€ 6,223,420) Unfavourable step	▼ 42%
Total debts	€ 4,533,320 Total debts 2021: € 4,533,320 First fiscal year in the series	€ 2,279,321 Total debts 2022: € 2,279,321 ▼ 50% vs 2021 (€ 4,533,320) Favourable step	€ 1,088,824 Total debts 2023: € 1,088,824 ▼ 52% vs 2022 (€ 2,279,321) Favourable step	€ 4,721,871 Total debts 2025: € 4,721,871 ▲ € 3.6 million vs 2023 (€ 1,088,824) Unfavourable step	▲ € 3.6 million
Cash	€ 1,836,913 Cash 2021: € 1,836,913 First fiscal year in the series	€ 1,987,799 Cash 2022: € 1,987,799 ▲ 8% vs 2021 (€ 1,836,913) Favourable step	€ 1,249,873 Cash 2023: € 1,249,873 ▼ 37% vs 2022 (€ 1,987,799) Unfavourable step	€ 387,861 Cash 2025: € 387,861 ▼ 69% vs 2023 (€ 1,249,873) Unfavourable step	▼ 69%
Land & buildings	€ 32,353 Land & buildings 2021: € 32,353 First fiscal year in the series	€ 25,868 Land & buildings 2022: € 25,868 ▼ 20% vs 2021 (€ 32,353) Unchanged	€ 19,383 Land & buildings 2023: € 19,383 ▼ 25% vs 2022 (€ 25,868) Unchanged	€ 9,656 Land & buildings 2025: € 9,656 ▼ 50% vs 2023 (€ 19,383) Unchanged	▼ 50%
Retained profit	€ 3,694,498 Retained profit 2021: € 3,694,498 First fiscal year in the series	€ 4,609,412 Retained profit 2022: € 4,609,412 ▲ 25% vs 2021 (€ 3,694,498) Favourable step	€ 6,161,420 Retained profit 2023: € 6,161,420 ▲ 34% vs 2022 (€ 4,609,412) Favourable step	€ 3,560,999 Retained profit 2025: € 3,560,999 ▼ 42% vs 2023 (€ 6,161,420) Unfavourable step	▼ 42%
Dividend	€ 1,900,000 Dividend 2021: € 1,900,000 First fiscal year in the series	€ 1,600,000 Dividend 2022: € 1,600,000 ▼ 16% vs 2021 (€ 1,900,000) Unchanged	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 1,600,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 0 Bank debt 2021: € 0 First fiscal year in the series	€ 0 Bank debt 2022: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 733,334 Bank debt 2025: € 733,334 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 8,289,817 Balance sheet total 2021: € 8,289,817 First fiscal year in the series	€ 6,950,733 Balance sheet total 2022: € 6,950,733 ▼ 16% vs 2021 (€ 8,289,817) Unchanged	€ 7,312,244 Balance sheet total 2023: € 7,312,244 ▲ 5% vs 2022 (€ 6,950,733) Unchanged	€ 8,344,870 Balance sheet total 2025: € 8,344,870 ▲ 14% vs 2023 (€ 7,312,244) Unchanged	▲ 14%
Employees (FTE)	78.4 Employees (FTE) 2021: 78.4 First fiscal year in the series	72 Employees (FTE) 2022: 72 ▼ 6.4 vs 2021 (78.4) Unchanged	74.8 Employees (FTE) 2023: 74.8 ▲ 2.8 vs 2022 (72) Unchanged	76.7 Employees (FTE) 2025: 76.7 ▲ 1.9 vs 2023 (74.8) Unchanged	▲ 1.9

Key figures of RECUTEX, fiscal years 2021 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 RECUTEX?

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

2026 POL T'JOLLYN stepped down as director. NBB
2026 DOUBLE T BV stepped down as director. NBB
Jan 30, 2026 New annual accounts for financial year 2025: loss of € 2.6 million (▼ € 4.2 million vs 2023). Source: NBB ↗
2020 POL T'JOLLYN became a director. NBB
2020 DOUBLE T BV became a director. NBB
Jun 17, 1996 New establishment in Zulte. KBO
Jun 12, 1996 New establishment in Waregem. KBO
May 24, 1996 Start of the company according to the CBE. KBO

In short

From € 1.1 million profit in 2021 to € 2.6 million loss in 2025.

Paid € 1.1 million in corporate taxes since 2021.

Best year ever: 2022, with € 2.5 million profit.

Paid out € 3.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

DOUBLE T 100%

The stake of DOUBLE T comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

RECUTEX

V.I.C.T. 98.9%

The shares are held by DOUBLE T (100%). It owns 98.9% of V.I.C.T. itself.

Directors

According to the 2025 annual accounts

POL T'JOLLYN

Managing director

Also active at: Denuo

since 2020 · until 2026

DOUBLE T BV

Managing director · represented by T'JOLLYN THOMAS

Also active at: RECUTEX INVEST, VLAAMS INZAMEL CENTRUM TEXTIEL, VICTRANS

since 2020 · until 2026

Shareholders

DOUBLE T

100%

Participations

V.I.C.T.

98.9%

Establishments

Establishment units

Physical locations of this company

Registered office

Zultseweg 234

8790 Waregem

2.077.462.262

Waregemstraat 148

9870 Zulte

Active since 17 June 1996

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

RECUTEX INVEST same network

€ 661,605 gross margin · 2025

TOMMYPENNY

€ 35,679 gross margin · 2025

FirstClass

€ 101,210 gross margin · 2024

VLAAMS INZAMEL CENTRUM TEXTIEL same network

€ 338,501 gross margin · 2025

VICTRANS same network

€ 2.9 million gross margin · 2025

+1 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

0458.022.617

VAT number

BE 0458.022.617

Registered office

Zultseweg 234, 8790 Waregem

Names & denominations

RECUTEX

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

24 May 1996

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Groothandel in kleding, met uitzondering van werk- en onderkleding

Terugwinning van materialen uit afval

Sorteren van ongevaarlijk afval

Groothandel in schoeisel

Inzameling van ongevaarlijk afval

View on CBE Public ↗ Annual accounts (NBB) ↗

RECUTEX

Financials

What happened to RECUTEX?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions