Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.6 to 10.
Financials
Financial year 2024
FRECAR RECYCLING from Charleroi, company number BE0478693515, closed financial year 2024 with a result of € 123,720 after tax. For that financial year FRECAR RECYCLING recorded a gross margin of € 785,480 and equity of € 480,674. Compared with financial year 2023, the result moved from € 97,337 to € 123,720. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2025.
€ 480,674
▲ 35% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123,720
▲ 27% vs 2023
Profit after tax over the fiscal year.
€ 125,681
▼ 49% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 78,128.
People and assets in 2024
10
▼ 1.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 346,952
▼ 12% vs 2023
€ 34,700 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.
€ 1 million
▲ 66% vs 2023
Of which on lease € 1 million.
Debts at end 2024
€ 1.1 million
▲ 42% vs 2023
€ 764,047 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 267,230
▼ 30% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 74,146
▲ 50% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,248,124 | € 1,144,418 | € 889,856 | € 785,480 | ▼ 12% |
| Profit after taxes | € 113,206 | € 214,561 | € 97,337 | € 123,720 | ▲ 27% |
| Equity | € 45,056 | € 259,618 | € 356,954 | € 480,674 | ▲ 35% |
| Total debts | € 1,929,550 | € 1,772,734 | € 1,790,172 | € 1,964,192 | ▲ 10% |
| Cash | € 250,722 | € 195,998 | € 248,254 | € 125,681 | ▼ 49% |
| Land & buildings | € 214,917 | € 185,122 | € 181,546 | € 181,546 | |
| Retained profit | € -357,490 | € -142,929 | € -45,592 | € 78,128 | ▲ € 123,720 |
| Bank debt | € 1,048,314 | € 966,522 | € 810,566 | € 1,149,759 | ▲ 42% |
| Balance sheet total | € 1,974,607 | € 2,032,352 | € 2,147,127 | € 2,444,866 | ▲ 14% |
| Employees (FTE) | 12 | 11.6 | 11.4 | 10 | ▼ 1.4 |
Key figures of FRECAR RECYCLING, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to FRECAR RECYCLING?
What happened at FRECAR RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 123,720 (▲ 27% vs 2023). filed late Source: NBB ↗
- Freddy NEIRYNCK became a director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 113,206 profit in 2021 to € 123,720 profit in 2024.
Paid € 4,200 in corporate taxes since 2021.
Best year ever: 2022, with € 214,561 profit.
On average € 78,500 of value added per employee in 2024.
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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
Behind FRECAR RECYCLING is Freddy NEIRYNCK. Freddy NEIRYNCK is also behind FRECAR and LES ECURIES DES CHAMPS ELYSEES.
Directors
According to the 2024 annual accounts
since 2003
Establishments
Establishment units
Physical locations of this company
Rue de Gosselies 38
6044 Charleroi
Rue de Gosselies
6044 Charleroi
Active since 12 March 2003
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.693.515
- VAT number
- BE 0478.693.515
- Registered office
- Rue de Gosselies 38, 6044 Charleroi
- Names & denominations
- FRECAR RECYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 2002
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
Terugwinning van materialen uit afval
Recycling van niet-metaalafval
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
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.