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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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Waasland Recycling from Sint-Gillis-Waas, company number BE0832005127, closed financial year 2025 with a result of € -123,378 after tax. For that financial year Waasland Recycling recorded a gross margin of € 966,725 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 297,636 to € -123,378. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 18, 2026.
€ 1.4 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -123,378
▼ still € 297,636 profit in 2024
Profit after tax over the fiscal year.
€ 4,650
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.1 million.
People and assets in 2025
6
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 389,753
▼ 2% vs 2024
€ 65,000 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.
€ 149,094
▼ 31% vs 2024
Of which on lease € 112,229.
Debts at end 2025
€ 2.8 million
▲ 18% vs 2024
€ 222,792 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 809,302
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,999
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,166,639 | - | - | - | |
| Gross margin | € 1,139,306 | € 1,303,814 | € 1,434,579 | € 966,725 | ▼ 33% |
| Profit after taxes | € 129,993 | € 147,817 | € 297,636 | € -123,378 | ▼ € 421,013 |
| Equity | € 1,089,132 | € 1,236,950 | € 1,534,585 | € 1,411,207 | ▼ 8% |
| Total debts | € 4,093,895 | € 3,609,819 | € 5,150,798 | € 5,556,087 | ▲ 8% |
| Cash | € 31,512 | € 17,974 | € 17,607 | € 4,650 | ▼ 74% |
| Land & buildings | € 1,626,398 | € 1,730,611 | € 1,672,839 | € 1,628,166 | ▼ 3% |
| Retained profit | € 813,132 | € 960,950 | € 1,258,585 | € 1,135,207 | ▼ 10% |
| Bank debt | € 2,732,149 | € 2,716,129 | € 2,375,920 | € 2,813,753 | ▲ 18% |
| Balance sheet total | € 5,183,027 | € 4,846,769 | € 6,685,383 | € 6,967,294 | ▲ 4% |
| Employees (FTE) | 6.5 | 7.5 | 5.8 | 6 | ▲ 0.2 |
Key figures of Waasland 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 Waasland Recycling?
What happened at Waasland Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 123,378 (▼ € 421,013 vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Sint-Gillis-Waas. KBO
In short
From € 129,993 profit in 2022 to € 123,378 loss in 2025.
Paid € 221,597 in corporate taxes since 2022.
Best year ever: 2024, with € 297,636 profit.
On average € 161,100 of value added per employee in 2025.
Management
The stake of ALGEMEEN BEHEER CASIER, CASIER RECYCLING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Waasland RecyclingBehind Waasland Recycling are Karel Casier and Bernd Casier. The shares are held by ALGEMEEN BEHEER CASIER (60%) and CASIER RECYCLING (30%).
Directors
According to the 2025 annual accounts
Karel Casier
Director
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kluizenhof(SGW) 37
9170 Sint-Gillis-Waas
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
Outlook.com (free)
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0832.005.127
- VAT number
- BE 0832.005.127
- Registered office
- Kluizenhof(SGW) 37, 9170 Sint-Gillis-Waas
- Names & denominations
- Waasland Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2010
- Peppol
- Active · Active since 15 Oct 2025
- Contact
- waaslandrecycling.be
- Activities · NACE
Terugwinning van materialen uit afval
Goederenvervoer over de weg
Terugwinning van metaalafval
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Goederenvervoer per spoor
Verhuur en lease van vrachtwagens
Groothandel in afval en schroot, neg
Groothandel in afval en schroot, n.e.g.