Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
DC Recycling from Grobbendonk, company number BE0466103014, closed financial year 2025 with a result of € -5.6 million after tax. For that financial year DC Recycling recorded revenue of € 7.4 million and equity of € -3.2 million. Compared with financial year 2024, the result moved from € 716,364 to € -5.6 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ -3.2 million
▼ € 5.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.6 million
▼ still € 716,364 profit in 2024
Profit after tax over the fiscal year.
€ 5,813
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.3 million.
People and assets in 2025
3.9
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 303,658
▲ 22% vs 2024
€ 77,900 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.
€ 16,968
▲ 257% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▲ 58% vs 2024
€ 160,500 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.7 million
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 161 days on average.
€ 145,447
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,477,508 | € 9,300,149 | € 7,702,706 | € 7,395,695 | ▼ 4% |
| Profit after taxes | € 144,273 | € 291,623 | € 716,364 | € -5,618,497 | ▼ € 6.3 million |
| Equity | € 1,378,831 | € 1,670,454 | € 2,386,818 | € -3,231,679 | ▼ € 5.6 million |
| Total debts | € 3,181,017 | € 5,229,086 | € 5,704,602 | € 5,098,158 | ▼ 11% |
| Cash | € 105,291 | € 49,230 | € 17,625 | € 5,813 | ▼ 67% |
| Land & buildings | € 442,871 | € 502,809 | € 470,771 | € 421,760 | ▼ 10% |
| Retained profit | € 1,304,463 | € 1,596,086 | € 2,312,450 | € -3,306,047 | ▼ € 5.6 million |
| Bank debt | € 970,264 | € 770,386 | € 771,510 | € 1,220,782 | ▲ 58% |
| Balance sheet total | € 4,559,848 | € 6,899,540 | € 8,091,420 | € 1,866,479 | ▼ 77% |
| Employees (FTE) | 3.6 | 3 | 3.4 | 3.9 | ▲ 0.5 |
Key figures of DC Recycling, 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 April 2027.
What happened to DC Recycling?
What happened at DC Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Infra-M BV stepped down as director. NBB
- RUMILI BV stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Infra-M BV became a director. NBB
- RUMILI BV became a director. NBB
- Vrancken Bedrijfsbeheer BV stepped down as director. NBB
- Neefs Business Projects BV stepped down as director. NBB
- Management Michiel Schellekens BV stepped down as director. NBB
In short
From € 144,273 profit in 2021 to € 5.6 million loss in 2025.
Paid € 406,248 in corporate taxes since 2021.
Best year ever: 2024, with € 716,364 profit.
Pays suppliers within 161 days on average.
Management
The stake of DCA INFRA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DC RecyclingThe shares are held by DCA INFRA (100%).
Directors
According to the 2025 annual accounts
since 2026 · until 2032
Director · represented by Kurt Kesteloot
Also active at: STADSBADER, DECKX ALGEMENE ONDERNEMINGEN, Recydem West, DCA INFRA
since 2026 · until 2032
Managing director · represented by Franciscus Vrancken
Also active at: CORACO, POORT VAN EMBLEM, DCA, EUROCON INVESTMENTS, DCA INFRA, Immo & Sport Invest, DCA WOONPROJECTEN
since 2022 · until 2026
Management Michiel Schellekens BV
Managing director · represented by Schellekens Michiel
since 2022 · until 2024
Director · represented by Luc Neefs
Also active at: CORACO, DCA, EUROCON INVESTMENTS, DCA INFRA, Eurocon Infra, DCA WOONPROJECTEN
since 2022 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrieweg 30
2280 Grobbendonk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0466.103.014
- VAT number
- BE 0466.103.014
- Registered office
- Industrieweg 30, 2280 Grobbendonk
- Names & denominations
- DC Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 May 1999
- Peppol
- Active · Active since 23 May 2025
- Activities · NACE
Sanering en ander afvalbeheer
Sanering en dergelijke activiteiten
Terugwinning van materialen uit afval
Recycling van niet-metaalafval
Terugwinning van inerte afvalstoffen
Bouwrijp maken van terreinen
Bouw van autowegen en andere wegen
Slopen
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