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 23 % of short-term debt in 2023; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 5.4 to 4.3.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
VDB Recycling from Gistel, company number BE0708969535, closed financial year 2023 with a result of € 2,425 after tax. For that financial year VDB Recycling recorded a gross margin of € 829,645 and equity of € 953,471. Compared with financial year 2022, the result moved from € 160,991 to € 2,425. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2024.
€ 953,471
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,425
▼ 98% vs 2022
Profit after tax over the fiscal year.
€ 30,623
▼ 9% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -58,929.
People and assets in 2023
4.3
▼ 0.2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 273,677
▼ 1% vs 2022
€ 63,600 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.
€ 2.6 million
▼ 6% vs 2022
Of which on lease € 2.5 million.
Debts at end 2023
€ 4.4 million
▲ 4% vs 2022
€ 370,243 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 641,674
▼ 42% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 45,758
▲ 38% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 713,897 | € 831,283 | € 829,645 | |
| Profit after taxes | € -21,893 | € 160,991 | € 2,425 | ▼ 98% |
| Equity | € 790,055 | € 951,046 | € 953,471 | |
| Total debts | € 6,022,120 | € 6,310,432 | € 5,814,768 | ▼ 8% |
| Cash | € 43,975 | € 33,633 | € 30,623 | ▼ 9% |
| Land & buildings | € 1,131,845 | € 1,093,233 | € 1,054,762 | ▼ 4% |
| Retained profit | € -222,345 | € -61,354 | € -58,929 | ▲ € 2,425 |
| Bank debt | € 4,560,365 | € 4,215,408 | € 4,367,622 | ▲ 4% |
| Balance sheet total | € 6,812,175 | € 7,261,478 | € 6,768,239 | ▼ 7% |
| Employees (FTE) | 5.4 | 4.5 | 4.3 | ▼ 0.2 |
Key figures of VDB Recycling, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to VDB Recycling?
What happened at VDB Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
VDB Recycling is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 2,425 (▼ 98% vs 2022). Source: NBB ↗
- New establishment in Oudenburg. KBO
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,893 loss in 2021 to € 2,425 profit in 2023.
Paid € 1,917 in corporate taxes since 2021.
Best year ever: 2022, with € 160,991 profit.
On average € 192,900 of value added per employee in 2023.
Management
Behind VDB Recycling is Twins BV.
Directors
According to the 2023 annual accounts
Director · represented by Ken VANDEN BROELE
Establishments
Establishment units
Physical locations of this company
Rochesterlaan 6B
8470 Gistel
Marteelstik 9
8460 Oudenburg
Active since 1 January 2019
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
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0708.969.535
- VAT number
- BE 0708.969.535
- Registered office
- Rochesterlaan 6B, 8470 Gistel
- Names & denominations
- VDB Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 12 October 2018
- Peppol
- Not registered
- Contact
- terramet.be
- Activities · NACE
Terugwinning van materialen uit afval
Terugwinning van metaalafval
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Verhuur en exploitatie van terreinen
Terugwinning van inerte afvalstoffen
Terugwinning van overig gesorteerd afval
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)