Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 10 to 8.
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Busy address KBO
51 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Recydem West from Harelbeke, company number BE0734473508, closed financial year 2025 with a result of € 128,224 after tax. For that financial year Recydem West recorded revenue of € 3.6 million and equity of € 930,031. Compared with financial year 2024, the result moved from € 169,075 to € 128,224. The company is profitable. 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 13, 2026.
€ 930,031
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 128,224
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 287,633
▼ 58% 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 € 868,531.
People and assets in 2025
8
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 461,866
▼ 8% vs 2024
€ 57,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.1 million
▲ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 118 days on average.
€ 73,690
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,984,908 | € 4,237,855 | € 3,205,128 | € 3,649,326 | ▲ 14% |
| Profit after taxes | € 73,952 | € 157,704 | € 169,075 | € 128,224 | ▼ 24% |
| Equity | € 475,028 | € 632,731 | € 801,807 | € 930,031 | ▲ 16% |
| Total debts | € 2,589,375 | € 1,534,007 | € 1,016,968 | € 1,157,512 | ▲ 14% |
| Cash | € 176,555 | € 363,950 | € 686,796 | € 287,633 | ▼ 58% |
| Retained profit | € 413,528 | € 571,231 | € 740,307 | € 868,531 | ▲ 17% |
| Bank debt | € 1,250,000 | € 750,000 | € 291,666 | € 0 | ▼ 100% |
| Balance sheet total | € 3,064,402 | € 2,166,739 | € 1,818,775 | € 2,087,543 | ▲ 15% |
| Employees (FTE) | 12 | 10 | 8.6 | 8 | ▼ 0.6 |
Key figures of Recydem West, 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 Recydem West?
What happened at Recydem West in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rumili BV stepped down as director. NBB
- OBEX BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 128,224 (▼ 24% vs 2024). Source: NBB ↗
- D.S.R.T NV stepped down as director. NBB
- Desire Stadsbader NV stepped down as director. NBB
- Rumili BV became a director. NBB
- OBEX BV became a director. NBB
- New establishment in Zedelgem. KBO
In short
From € 73,952 profit in 2022 to € 128,224 profit in 2025.
Paid € 176,117 in corporate taxes since 2022.
Best year ever: 2024, with € 169,075 profit.
Pays suppliers within 118 days on average.
Management
The stake of STADSBADER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Recydem WestThe shares are held by STADSBADER (100%).
Directors
According to the 2025 annual accounts
Director · represented by Rita Tanghe
Also active at: VAN MAERCKE PREFAB, Bouw Georges Tanghe, ACAP, DECKX ELEKTRO MECHANICA, DESIRE STADSBADER, STV - TRANS, STADSBADER ROUTE, VASTGOED INVEST +15 more
since 2019 · until 2025
Managing director · represented by Dominique Valcke
Owns 100% via STADSBADER
Also active at: VAN MAERCKE PREFAB, Bouw Georges Tanghe, STADSBADER, BV Asphalt, STADSBADER CONTRACTORS, STV - TRANS, STADSBADER ROUTE, Stadsbader Rail +14 more
since 2019 · until 2025
Director · represented by Kurt Achiel Kesteloot
Also active at: STADSBADER, DECKX ALGEMENE ONDERNEMINGEN, DC Recycling, DCA INFRA
since 2025 · until 2031
Director · represented by Matthias Van Damme
Also active at: VAN MAERCKE PREFAB, ACAP, Vinasphalt, GAMA, STV - TRANS, STADSBADER ROUTE, ASK Romein, IB-MAT +3 more
since 2025 · until 2031
Shareholders
STADSBADER · holding of Desire Stadsbader NV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kanaalstraat 1
8530 Harelbeke
Remi Claeysstraat 23
8210 Zedelgem
Active since 16 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 51 companies are registered at this address.
All companies at this address →STADSBADER same network
€ 528.9 million revenue · 2025
STICHTING DE BLAUWE REIGER
DESIRE STADSBADER same network
€ 1.7 million revenue · 2025
PANTHEON same network
€ 1.1 million gross margin · 2025
THV ONDERHOUD INFRA R4
+46 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0734.473.508
- VAT number
- BE 0734.473.508
- Registered office
- Kanaalstraat 1, 8530 Harelbeke
- Names & denominations
- Recydem West
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 September 2019
- Peppol
- Active · Active since 16 Jan 2025
- Activities · NACE
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