Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 4 to 3.
Financials
Financial year 2025
RECY-KAB from Tongeren-Borgloon, company number BE0653936980, closed financial year 2025 with a result of € 17,377 after tax. For that financial year RECY-KAB recorded a gross margin of € 319,527 and equity of € 572,741. Compared with financial year 2024, the result moved from € -47,705 to € 17,377. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 572,741
▲ € 604,776 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,377
▲ still € 47,705 loss in 2024
Profit after tax over the fiscal year.
€ 26,107
▲ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -20,859.
People and assets in 2025
3
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 152,153
▼ 8% vs 2024
€ 50,700 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.
€ 4,019
▼ 86% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 713,253
▼ 10% vs 2024
€ 71,865 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 11,361
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,767
▲ 126% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 328,473 | € 235,344 | € 261,946 | € 319,527 | ▲ 22% |
| Profit after taxes | € 1,801 | € -109,571 | € -47,705 | € 17,377 | ▲ € 65,082 |
| Equity | € 125,241 | € 15,670 | € -32,035 | € 572,741 | ▲ € 604,776 |
| Total debts | € 1,210,129 | € 1,170,339 | € 1,048,395 | € 976,130 | ▼ 7% |
| Cash | € 53,232 | € 36,544 | € 22,766 | € 26,107 | ▲ 15% |
| Land & buildings | € 797,184 | € 762,122 | € 725,585 | € 1,264,049 | ▲ 74% |
| Retained profit | € 119,040 | € 9,469 | € -38,236 | € -20,859 | ▲ € 17,377 |
| Bank debt | € 888,491 | € 883,333 | € 793,976 | € 713,253 | ▼ 10% |
| Balance sheet total | € 1,335,369 | € 1,186,009 | € 1,016,360 | € 1,548,871 | ▲ 52% |
| Employees (FTE) | 4 | 4 | 3.1 | 3 | ▼ 0.1 |
Key figures of RECY-KAB, 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 RECY-KAB?
What happened at RECY-KAB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,377. Source: NBB ↗
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,801 profit in 2022 to € 17,377 profit in 2025.
Paid € 3,081 in corporate taxes since 2022.
Best year ever: 2025, with € 17,377 profit.
On average € 106,500 of value added per employee in 2025.
Management
Behind RECY-KAB is David Mélard.
Directors
According to the 2025 annual accounts
David Mélard
Director
Establishments
Establishment units
Physical locations of this company
Maastrichtersteenweg 523
3700 Tongeren-Borgloon
Maastrichtersteenweg 523 box 1
3700 Tongeren-Borgloon
Active since 11 May 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →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
DTAG Internet service provider operations, DE
Domain
Domain
recy-kab.com
Registered
2016-05-16
Registrar
InterNetX GmbH
Expires
2026-05-16
Website info
Features
Security
Details
- Company number
- 0653.936.980
- VAT number
- BE 0653.936.980
- Registered office
- Maastrichtersteenweg 523, 3700 Tongeren-Borgloon
- Names & denominations
- RECY-KAB
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2016
- Peppol
- Active · Active since 5 Feb 2026
- Contact
- recy-kab.com
- Activities · NACE
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