Financials
Financial year 2025
RECYFUEL from Engis, company number BE0459735458, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year RECYFUEL recorded revenue of € 30.2 million and equity of € 14.4 million. Compared with financial year 2023, the result moved from € 1.7 million to € 1.6 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 July 9, 2026.
€ 14.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 6% vs 2023
Profit after tax over the fiscal year.
€ 5.3 million
▲ 17% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
93 % of the profit went to the shareholders, mostly to TWZ S.A. (50 % of the shares). That is where the money ends up.
People and assets in 2025
49.6
▲ 4.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 4.3 million
▲ 10% vs 2023
€ 87,600 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.
€ 38,280
▼ 51% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.4 million
▲ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 98 days on average.
€ 858,465
▲ 7% vs 2023
Taxes, VAT and social contributions still to pay.
| 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|
| Revenue | € 28,782,285 | € 30,152,575 | ▲ 5% |
| Profit after taxes | € 1,699,689 | € 1,604,322 | ▼ 6% |
| Equity | € 14,337,716 | € 14,392,873 | |
| Total debts | € 6,590,394 | € 6,616,485 | |
| Cash | € 4,524,842 | € 5,296,429 | ▲ 17% |
| Land & buildings | € 5,855,866 | € 4,339,516 | ▼ 26% |
| Retained profit | € 903,350 | € 1,062,135 | ▲ 18% |
| Dividend | € 1,582,000 | € 1,490,000 | ▼ 6% |
| Bank debt | € 336 | € 0 | ▼ 100% |
| Balance sheet total | € 21,589,846 | € 21,967,455 | ▲ 2% |
| Employees (FTE) | 45.4 | 49.6 | ▲ 4.2 |
Key figures of RECYFUEL, fiscal years 2023 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 RECYFUEL?
What happened at RECYFUEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Demisan BV stepped down as director. NBB
- Jean-Benoît Collée stepped down as director. NBB
- Noémie Zeligzon stepped down as director. NBB
- Jérôme Eloy stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 6% vs 2023). Source: NBB ↗
- Demisan BV became a director. NBB
- Jean-Benoît Collée became a director. NBB
- Jérôme Eloy became a director. NBB
In short
From € 1.7 million profit in 2023 to € 1.6 million profit in 2025.
Paid € 1.2 million in corporate taxes since 2023.
Best year ever: 2023, with € 1.7 million profit.
Paid out € 3.1 million in dividends to the owners in total.
Management
The stake of Veolia Environmental Services Belux comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RECYFUELThe shares are held by TWZ S.A. (50%), HEIDELBERG MATERIALS BENELUX S.A. (50%) and Veolia Environmental Services Belux (50%).
Directors
According to the 2025 annual accounts
Director · represented by Ivo De Vlieghere
Also active at: RECYCLAGE ET VALORISATION TECHNIQUE, T.W.Z., PCB Decontamination, Veolia ES MRC, OILCO
since 2024 · until 2030
Jean-Benoît Collée
Director
since 2024 · until 2030
Noémie Zeligzon
Director
since 2024 · until 2030
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Parc industriel 16
4480 Engis
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.735.458
- VAT number
- BE 0459.735.458
- Registered office
- Rue du Parc industriel 16, 4480 Engis
- Names & denominations
- RECYFUEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 January 1997
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Recycling van niet-metaalafval
Terugwinning van materialen uit afval
Andere afvalverwijdering
Verzamelen, storten en verwerken van huisvuil, industrieel afval, landbouwafval en bouw- en sloopafval
Terugwinning van inerte afvalstoffen
Overige verwerking en verwijdering van ongevaarlijk afval