Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Recupel from Zaventem, company number BE0473923093, closed financial year 2025 with a result of € -13.6 million after tax. For that financial year Recupel recorded revenue of € 41.5 million and equity of € 78.8 million. Compared with financial year 2024, the result moved from € -12.3 million to € -13.6 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 June 25, 2026.
€ 78.8 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13.6 million
▼ 11 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10.9 million
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
33.3
▲ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.1 million
▲ 6% vs 2024
€ 122,500 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.
€ 326,202
▲ € 318,072 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 12.8 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
€ 1.2 million
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 43,766,283 | € 35,093,288 | € 35,480,636 | € 41,473,585 | ▲ 17% |
| Profit after taxes | € 0 | € -7,934,309 | € -12,314,714 | € -13,639,526 | ▼ € 1.3 million |
| Equity | € 0 | € 104,732,928 | € 92,418,213 | € 78,778,687 | ▼ 15% |
| Total debts | € 11,934,651 | € 12,832,068 | € 12,549,584 | € 14,606,012 | ▲ 16% |
| Cash | € 7,687,537 | € 11,459,105 | € 13,110,573 | € 10,901,056 | ▼ 17% |
| Retained profit | € 0 | € 104,732,928 | € 92,418,213 | € 78,778,687 | ▼ 15% |
| Balance sheet total | € 11,934,651 | € 129,991,553 | € 112,749,433 | € 97,838,123 | ▼ 13% |
| Employees (FTE) | 30 | 29 | 31.4 | 33.3 | ▲ 1.9 |
Key figures of Recupel, 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 Recupel?
What happened at Recupel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13.6 million. Source: NBB ↗
- Rony Haentjens stepped down as director. NBB
- Derek McMillan stepped down as director. NBB
- Marc Moris stepped down as director. NBB
- Werner Donckers stepped down as director. NBB
- Kris Den Haese stepped down as director. NBB
- Patrick Van den Bossche stepped down as director. NBB
- Roeland Verlinden stepped down as director. NBB
In short
From € 0 profit in 2022 to € 13.6 million loss in 2025.
Pays suppliers within 86 days on average.
Management
Directors
According to the 2025 annual accounts
Rony Haentjens
Director
since 2023 · until 2026
Derek McMillan
Director
Also active at: Fédération de l'Electricité et de l'Electronique - Federatie van de Elektriciteit en de Elektronika
since 2023 · until 2026
Marc Moris
Director
since 2023 · until 2026
Werner Donckers
Director
since 2023 · until 2026
Kris Den Haese
Vice-chairman of the board
since 2023 · until 2026
Patrick Van den Bossche
Director
since 2023 · until 2026
Roeland Verlinden
Director
since 2023 · until 2026
Koen Waelput
Director
since 2023 · until 2026
Manuela Fiorucci
Director
Also active at: FONDS D'ASSAINISSEMENT DES SOLS DES STATIONS - SERVICE - BODEMSANERINGSFONDS VOOR BENZINESTATIONS
since 2023 · until 2026
Bruno Vermoesen
Chairman of the board
since 2023 · until 2026
since 2023 · until 2026
Marie Van Breusegem
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Hermeslaan 11
1932 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →L'Air liquide Belge
€ 126.7 million revenue · 2025
HYDROWAL
€ 1.8 million revenue · 2025
AIR LIQUIDE MEDICAL
€ 33.6 million revenue · 2025
SUMITOMO CHEMICAL EUROPE S.A./N.V.
€ 239.3 million revenue · 2026
AIR LIQUIDE INDUSTRIES BELGIUM
€ 573.8 million revenue · 2025
+12 more
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
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Website info
Features
Security
Details
- Company number
- 0473.923.093
- VAT number
- BE 0473.923.093
- Registered office
- Hermeslaan 11, 1932 Zaventem
- Names & denominations
- Recupel
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 14 December 2000
- Peppol
- Active · Active since 3 Sept 2025
- Contact
- recupel.be
- Activities · NACE
Overige zakelijke dienstverlening, n.e.g.
Overige zakelijke dienstverlening, neg
Terugwinning van materialen uit afval
Recycling van metaalafval
Terugwinning van metaalafval
Recycling van niet-metaalafval
Terugwinning van inerte afvalstoffen