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 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
BlueAlp Oostende Recycling from Oostende, company number BE0687746034, closed financial year 2024 with a result of € -37.1 million after tax. For that financial year BlueAlp Oostende Recycling recorded revenue of € 2.3 million and equity of € -56.4 million. Compared with financial year 2023, the result moved from € -23.7 million to € -37.1 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 July 2, 2025.
€ -56.4 million
▼ € 37.2 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37.1 million
▼ 56 % more loss than in 2023
Profit after tax over the fiscal year.
€ 2.6 million
▲ € 2.6 million vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -108.8 million.
People and assets in 2024
41.2
▼ 21.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 4 million
▼ 32% vs 2023
€ 96,200 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.
€ 10.6 million
▼ 51% vs 2023
Of which on lease € 10.5 million.
Debts at end 2024
€ 39.8 million
▼ 8% vs 2023
€ 13.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.6 million
▲ 3% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 454,618
▼ 34% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 1,668,050 | € 1,206,328 | € 2,377,604 | € 2,314,580 | ▼ 3% |
| Profit after taxes | € -18,335,383 | € -20,309,214 | € -23,717,970 | € -37,112,499 | ▼ € 13.4 million |
| Equity | € 1,047,013 | € 4,684,477 | € -19,165,527 | € -56,409,375 | ▼ € 37.2 million |
| Total debts | € 65,998,996 | € 61,813,789 | € 80,677,950 | € 83,485,258 | ▲ 3% |
| Cash | € 5,329,995 | € 589,067 | € 20,279 | € 2,579,376 | ▲ € 2.6 million |
| Land & buildings | € 5,512,370 | € 5,202,553 | € 5,176,286 | € 4,810,161 | ▼ 7% |
| Retained profit | € -27,658,092 | € -47,967,306 | € -71,685,276 | € -108,797,775 | ▼ € 37.1 million |
| Bank debt | € 44,813,868 | € 48,436,541 | € 43,190,380 | € 39,753,519 | ▼ 8% |
| Balance sheet total | € 67,046,009 | € 66,498,266 | € 61,512,423 | € 27,075,883 | ▼ 56% |
| Employees (FTE) | 47.2 | 57.4 | 62.5 | 41.2 | ▼ 21.3 |
Key figures of BlueAlp Oostende 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 BlueAlp Oostende Recycling?
What happened at BlueAlp Oostende Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rohnny Vanbrabant stepped down as director. NBB
- Gert Vanderseypen stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 37.1 million. Source: NBB ↗
- Rohnny Vanbrabant became a director. NBB
- Gert Vanderseypen became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 18.3 million loss in 2021 to € 37.1 million loss in 2024.
Paid € 10,987 in corporate taxes since 2021.
Pays suppliers within 83 days on average.
A new publication or filing at BlueAlp Oostende Recycling? 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 Renasci Oostende Holding NV (100%).
Directors
According to the 2024 annual accounts
Rohnny Vanbrabant
Director
Also active at: RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2023 · until 2029
Gert Vanderseypen
Director
Also active at: RenaSci Oostende Holding, RenaSci Oostende Smart Chain Processing
since 2023 · until 2029
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
Terugwinning van materialen uit afval
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
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