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 9.2 to 6.8.
Financials
Financial year 2025
GST RECYCLING from Houthulst, company number BE0866714103, closed financial year 2025 with a result of € 135,709 after tax. For that financial year GST RECYCLING recorded revenue of € 3.2 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 125,330 to € 135,709. Profitable, and profit is growing. 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 August 31, 2026.
€ 2.3 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 135,709
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 180,484
▼ 7% 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 € 2.1 million.
People and assets in 2025
6.8
▼ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 295,982
▼ 28% vs 2024
€ 43,500 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.
€ 427,127
▼ 31% vs 2024
Of which on lease € 171,216.
Debts at end 2025
€ 2.3 million
▲ 3% vs 2024
€ 275,663 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 556,655
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 101 days on average.
€ 28,832
▼ 47% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,817,950 | € 3,271,045 | € 3,411,284 | € 3,245,552 | ▼ 5% |
| Profit after taxes | € 102,192 | € 164,225 | € 125,330 | € 135,709 | ▲ 8% |
| Equity | € 1,958,144 | € 2,107,370 | € 2,217,700 | € 2,338,409 | ▲ 5% |
| Total debts | € 4,349,487 | € 3,425,940 | € 3,676,009 | € 3,563,574 | ▼ 3% |
| Cash | € 216,321 | € 276,157 | € 195,071 | € 180,484 | ▼ 7% |
| Land & buildings | € 3,027,867 | € 2,856,961 | € 2,890,947 | € 3,163,234 | ▲ 9% |
| Retained profit | € 1,653,144 | € 1,817,370 | € 1,942,700 | € 2,078,409 | ▲ 7% |
| Bank debt | € 2,252,105 | € 2,155,973 | € 2,261,598 | € 2,322,292 | ▲ 3% |
| Balance sheet total | € 6,405,722 | € 5,614,226 | € 5,957,504 | € 5,948,659 | |
| Employees (FTE) | 10.6 | 9.2 | 8.8 | 6.8 | ▼ 2 |
Key figures of GST 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 GST RECYCLING?
What happened at GST RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 135,709 (▲ 8% vs 2024). filed late Source: NBB ↗
- New establishment in Ieper. KBO
- New establishment in Houthulst. KBO
- Start of the company according to the CBE. KBO
In short
From € 102,192 profit in 2022 to € 135,709 profit in 2025.
Paid € 195,896 in corporate taxes since 2022.
Best year ever: 2023, with € 164,225 profit.
Pays suppliers within 101 days on average.
A new publication or filing at GST 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
Behind GST RECYCLING is Xavier GARWIG. Xavier GARWIG is also behind GARWIG and GARWIG LOGISTICS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Poelkapellestraat 18
8650 Houthulst
Rozendaalstraat 30
8900 Ieper
Active since 14 April 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0866.714.103
- VAT number
- BE 0866.714.103
- Registered office
- Poelkapellestraat 18, 8650 Houthulst
- Names & denominations
- GST RECYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 2004
- Peppol
- Active · Active since 15 Apr 2025
- Contact
- garwig.be
- Activities · NACE
Terugwinning van materialen uit afval
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Terugwinning van overig gesorteerd afval