Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
AIM Recycling Europe from Oostende, company number BE0633787310, closed financial year 2025 with a result of € -32,124 after tax. For that financial year AIM Recycling Europe recorded revenue of € 25.4 million and equity of € -14.5 million. Compared with financial year 2024, the result moved from € -2.5 million to € -32,124. 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 11, 2026.
€ -14.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -32,124
▲ 99 % less loss than in 2024
Profit after tax over the fiscal year.
€ 773,934
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17.5 million.
People and assets in 2025
14.4
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 6% vs 2024
€ 74,300 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.
€ 207,506
▲ 13% vs 2024
Of which on lease € 182,145.
Debts at end 2025
€ 21.7 million
▲ 7% vs 2024
€ 442,885 is repaid this year. At this pace the long-term loan is gone in ≈ 41 years.
€ 2.4 million
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 115,304
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,475,226 | € 20,882,977 | € 23,122,134 | € 25,434,820 | ▲ 10% |
| Profit after taxes | € -246,154 | € -1,754,533 | € -2,451,139 | € -32,124 | ▲ € 2.4 million |
| Equity | € -10,231,346 | € -11,985,879 | € -14,437,018 | € -14,469,142 | |
| Total debts | € 24,264,962 | € 23,067,481 | € 23,739,689 | € 24,612,322 | ▲ 4% |
| Cash | € 2,231,896 | € 1,473,751 | € 854,812 | € 773,934 | ▼ 9% |
| Land & buildings | € 4,802,953 | € 4,444,865 | € 4,086,777 | € 3,728,689 | ▼ 9% |
| Retained profit | € -13,231,346 | € -14,985,879 | € -17,437,018 | € -17,469,142 | |
| Bank debt | € 19,941,198 | € 19,818,880 | € 20,276,584 | € 21,663,095 | ▲ 7% |
| Balance sheet total | € 14,083,616 | € 11,300,478 | € 9,521,548 | € 10,362,057 | ▲ 9% |
| Employees (FTE) | 15.5 | 15.9 | 15.7 | 14.4 | ▼ 1.3 |
Key figures of AIM Recycling Europe, 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 AIM Recycling Europe?
What happened at AIM Recycling Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ronald Black stepped down as director. NBB
- Mike Volker Greulich stepped down as director. NBB
- Herbert Black stepped down as director. NBB
- Rudiger Hans Mehlhorn stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 32,124. filed late Source: NBB ↗
- Richard Black stepped down as director. NBB
- Mike Volker Greulich became a director. NBB
- Rudiger Hans Mehlhorn became a director. NBB
In short
From € 246,154 loss in 2022 to € 32,124 loss in 2025.
Paid € 18,590 in corporate taxes since 2022.
Pays suppliers within 38 days on average.
A new publication or filing at AIM Recycling Europe? We notify you, reason included.
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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 American Iron & Metal Company Inc. (50%) and Waste Managment BV (50%).
Directors
According to the 2025 annual accounts
Ronald Black
Director
since 2015 · until 2027
Richard Black
Director
since 2018 · until 2026
Mike Volker Greulich
Director
since 2018 · until 2027
Herbert Black
Onbekend
since 2015 · until 2027
Rudiger Hans Mehlhorn
Director
since 2018 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Marie Curielaan 12
8400 Oostende
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0633.787.310
- VAT number
- BE 0633.787.310
- Registered office
- Marie Curielaan 12, 8400 Oostende
- Names & denominations
- AIM Recycling Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 2015
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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