Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 62.5 to 26.6.
Financials
Financial year 2025
BlueAlp Oostende Recycling from Oostende, company number BE0687746034, closed financial year 2025 with a result of € -19.2 million after tax. For that financial year BlueAlp Oostende Recycling recorded revenue of € 4.6 million and equity of € -31.7 million. Compared with financial year 2024, the result moved from € -37.1 million to € -19.2 million. 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 October 20, 2026.
€ -31.7 million
▲ € 24.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19.2 million
▲ 48 % less loss than in 2024
Profit after tax over the fiscal year.
€ 90,510
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -128 million.
People and assets in 2025
26.6
▼ 14.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▼ 30% vs 2024
€ 104,300 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.
€ 8.1 million
▼ 23% vs 2024
Of which on lease € 8 million.
Debts at end 2025
€ 35.1 million
▼ 12% vs 2024
€ 11.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.3 million
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 114 days on average.
€ 347,962
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,206,328 | € 2,377,604 | € 2,314,580 | € 4,613,784 | ▲ 99% |
| Profit after taxes | € -20,309,214 | € -23,717,970 | € -37,112,499 | € -19,217,985 | ▲ € 17.9 million |
| Equity | € 4,684,477 | € -19,165,527 | € -56,409,375 | € -31,743,532 | ▲ € 24.7 million |
| Total debts | € 61,813,789 | € 80,677,950 | € 83,485,258 | € 46,865,380 | ▼ 44% |
| Cash | € 589,067 | € 20,279 | € 2,579,376 | € 90,510 | ▼ 96% |
| Land & buildings | € 5,202,553 | € 5,176,286 | € 4,810,161 | € 4,497,942 | ▼ 6% |
| Retained profit | € -47,967,306 | € -71,685,276 | € -108,797,775 | € -128,015,760 | ▼ € 19.2 million |
| Bank debt | € 48,436,541 | € 43,190,380 | € 39,753,519 | € 35,055,890 | ▼ 12% |
| Balance sheet total | € 66,498,266 | € 61,512,423 | € 27,075,883 | € 18,024,796 | ▼ 33% |
| Employees (FTE) | 57.4 | 62.5 | 41.2 | 26.6 | ▼ 14.6 |
Key figures of BlueAlp Oostende Recycling, 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 BlueAlp Oostende Recycling?
What happened at BlueAlp Oostende Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Valentijn de Neve stepped down as director. NBB
- Albert Boogert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 19.2 million. filed late Source: NBB ↗
- Christopher McArdle stepped down as director. NBB
- Klaartje Vermeulen stepped down as director. NBB
- Valentijn de Neve became a director. NBB
- Albert Boogert became a director. NBB
- Rodrigo Rondon Köster Jardim stepped down as director. NBB
In short
From € 20.3 million loss in 2022 to € 19.2 million loss in 2025.
Paid € 11,660 in corporate taxes since 2022.
Pays suppliers within 114 days on average.
Management
The shares are held by BlueAlp Oostende Holding NV (100%).
Directors
According to the 2025 annual accounts
Rohnny Vanbrabant
Director
Also active at: RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2023 · until 2025
Christopher McArdle
Director
Also active at: Renasci, RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2025 · until 2026
Klaartje Vermeulen
Chairman of the board
Also active at: Renasci, RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2025 · until 2026
Valentijn de Neve
Director
Also active at: Renasci, RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2026 · until 2032
Albert Boogert
Director
Also active at: Renasci, RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2026 · until 2032
Gert Vanderseypen
Director
Also active at: RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2023 · until 2025
Rodrigo Rondon Köster Jardim
Director
Also active at: Renasci, RenaSci Oostende Smart Chain Processing
since 2025 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Marie Curielaan 10
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0687.746.034
- VAT number
- BE 0687.746.034
- Registered office
- Marie Curielaan 10, 8400 Oostende
- Names & denominations
- BlueAlp Oostende Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2018
- Peppol
- Active · Active since 20 Apr 2026
- Activities · NACE
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