Financials
Financial year 2025
RECYDEL from Liège, company number BE0475885265, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year RECYDEL recorded revenue of € 42.7 million and equity of € 7.1 million. Compared with financial year 2024, the result moved from € 1.2 million to € 1.2 million. The company is profitable. 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 October 9, 2025.
€ 7.1 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 3.6 million
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.6 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
57
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.2 million
▲ 4% vs 2024
€ 74,400 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.
€ 30,427
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8.2 million
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 1.2 million
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,676,778 | € 29,363,100 | € 34,520,894 | € 42,728,228 | ▲ 24% |
| Profit after taxes | € 2,123,186 | € 1,969,510 | € 1,209,972 | € 1,199,907 | ▼ 1% |
| Equity | € 7,370,899 | € 7,752,425 | € 7,454,897 | € 7,079,803 | ▼ 5% |
| Total debts | € 9,389,542 | € 12,405,808 | € 10,090,536 | € 11,043,488 | ▲ 9% |
| Cash | € 5,572,258 | € 6,922,926 | € 3,784,105 | € 3,611,304 | ▼ 5% |
| Land & buildings | € 125,626 | € 99,237 | € 76,202 | € 706,444 | ▲ € 630,242 |
| Retained profit | € 4,857,915 | € 5,252,425 | € 4,954,897 | € 4,579,803 | ▼ 8% |
| Dividend | € 3,150,000 | € 1,575,000 | € 1,507,500 | € 1,575,000 | ▲ 4% |
| Balance sheet total | € 16,766,784 | € 20,158,233 | € 17,545,432 | € 18,123,291 | ▲ 3% |
| Employees (FTE) | 41 | 54.9 | 55 | 57 | ▲ 2 |
Key figures of RECYDEL, 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 October 2026.
What happened to RECYDEL?
What happened at RECYDEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sebastiaan Van Ginkel stepped down as director. NBB
- Guillaume Tellier stepped down as director. NBB
- Maarten Damen stepped down as director. NBB
- Sophie Al Assouad stepped down as director. NBB
- Intradel SC stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 1% vs 2024). Source: NBB ↗
- Guillaume Tellier became a director. NBB
- Maarten Damen became a director. NBB
In short
From € 2.1 million profit in 2022 to € 1.2 million profit in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.1 million profit.
Paid out € 7.8 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Renewi Monostreams BV (80%), Spaque SA (12.6%) and Intradel SCRL (7.5%).
Directors
According to the 2025 annual accounts
Sebastiaan Van Ginkel
Director
since 2023 · until 2026
Guillaume Tellier
Director
since 2025 · until 2026
Maarten Damen
Director
since 2024 · until 2026
Sophie Al Assouad
Director
since 2020 · until 2026
Director · represented by Marie-Christine Nossent
Also active at: SOCIETE INDUSTRIELLE DE DECHETS DE CONSTRUCTION, RECYLIEGE, SOCIETE D'INTEGRATION PAR LE TRAVAIL EN ENVIRONNEMENT EN REGION LIEGEOISE, BAU-Regain, URBEO INVEST
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Wérihet 72
4020 Liège
Rue Wérihet 57
4020 Liège
Active since 7 March 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.885.265
- VAT number
- BE 0475.885.265
- Registered office
- Rue Wérihet 72, 4020 Liège
- Names & denominations
- RECYDEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 2001
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Terugwinning van materialen uit afval
Recycling van metaalafval
Andere afvalverwijdering
Verzamelen, storten en verwerken van huisvuil, industrieel afval, landbouwafval en bouw- en sloopafval
Terugwinning van metaalafval
Overige verwerking en verwijdering van ongevaarlijk afval
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Groothandel in afval en schroot