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 1 of the last 3 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 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Renewable, Innovative Solutions towards Recycling and Circular Economy from Baelen, company number BE0789327107, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year Renewable, Innovative Solutions towards Recycling and Circular Economy recorded a gross margin of € -469,801 and equity of € -186,288. Compared with financial year 2024, the result moved from € -682,861 to € -1.1 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 June 22, 2026.
€ -186,288
▼ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 68 % more loss than in 2024
Profit after tax over the fiscal year.
€ 305
▼ € 375,736 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2025
€ 231,836
▲ € 181,318 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,571
▲ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.1 million
▲ 53% vs 2024
€ 437,326 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 706,279
▲ € 558,494 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 59,302
▲ 261% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -403,468 | € -518,179 | € -469,801 | ▲ € 48,378 |
| Profit after taxes | € -403,746 | € -682,861 | € -1,149,682 | ▼ € 466,821 |
| Equity | € 1,646,254 | € 963,393 | € -186,288 | ▼ € 1.1 million |
| Total debts | € 539,888 | € 5,488,110 | € 8,847,870 | ▲ 61% |
| Cash | € 710,327 | € 376,041 | € 305 | ▼ € 375,736 |
| Land & buildings | - | - | € 4,843,943 | |
| Retained profit | € -403,746 | € -1,086,607 | € -2,236,288 | ▼ € 1.1 million |
| Bank debt | € 500,000 | € 5,273,918 | € 8,056,220 | ▲ 53% |
| Balance sheet total | € 2,186,142 | € 6,451,504 | € 8,661,582 | ▲ 34% |
Key figures of Renewable, Innovative Solutions towards Recycling and Circular Economy, fiscal years 2023 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 Renewable, Innovative Solutions towards Recycling and Circular Economy?
What happened at Renewable, Innovative Solutions towards Recycling and Circular Economy in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- Alain Descamps became a director. NBB
- 4Reliance SA became a director. NBB
- Noshaq Partners SRL became a director. NBB
- New establishment in Baelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 403,746 loss in 2023 to € 1.1 million loss in 2025.
Paid € 314 in corporate taxes since 2023.
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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 stake of FONDS D'INVESTISSEMENT ET DE CROISSANCE INDUSTRIELLE, NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Renewable, Innovative Solutions towards Recycling and Circular EconomyBehind Renewable, Innovative Solutions towards Recycling and Circular Economy are Noshaq Partners SRL, Alain Descamps and 4Reliance SA. The shares are held by FONDS D'INVESTISSEMENT ET DE CROISSANCE INDUSTRIELLE (16.6%) and NOSHAQ (16.6%).
Directors
According to the 2025 annual accounts
Director · represented by Sacré Stéphanie
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2023
Alain Descamps
Director
since 2024
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Minerai 7
4837 Baelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0789.327.107
- VAT number
- BE 0789.327.107
- Registered office
- Rue du Minerai 7, 4837 Baelen
- Names & denominations
- Renewable, Innovative Solutions towards Recycling and Circular Economy · RISORCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2022
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
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