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 54 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 4.7 to 3.5.
Financials
Financial year 2025
Condebo Recycling from Lokeren, company number BE0872247061, closed financial year 2025 with a result of € -15,012 after tax. For that financial year Condebo Recycling recorded a gross margin of € 408,077 and equity of € 32,804. Compared with financial year 2024, the result moved from € 19,107 to € -15,012. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.
€ 32,804
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,012
▼ still € 19,107 profit in 2024
Profit after tax over the fiscal year.
€ 94,985
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 14,204.
People and assets in 2025
3.5
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 225,439
▼ 1% vs 2024
€ 64,400 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.
€ 18,100
▼ 35% vs 2024
Of which on lease € 18,064.
Debts at end 2025
€ 676,388
▼ 9% vs 2024
€ 224,941 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 435,730
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,692
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 169,221 | € 321,466 | € 461,117 | € 408,077 | ▼ 12% |
| Profit after taxes | € 30,745 | € -131,091 | € 19,107 | € -15,012 | ▼ € 34,119 |
| Equity | € 159,800 | € 28,709 | € 47,816 | € 32,804 | ▼ 31% |
| Total debts | € 2,001,053 | € 1,666,443 | € 1,775,823 | € 1,702,481 | ▼ 4% |
| Cash | € 71,227 | € 34,959 | € 87,431 | € 94,985 | ▲ 9% |
| Retained profit | € 141,200 | € 10,109 | € 29,216 | € 14,204 | ▼ 51% |
| Bank debt | € 1,041,614 | € 930,556 | € 741,916 | € 676,388 | ▼ 9% |
| Balance sheet total | € 2,160,853 | € 1,695,152 | € 1,823,638 | € 1,735,285 | ▼ 5% |
| Employees (FTE) | 2.4 | 4.7 | 4.2 | 3.5 | ▼ 0.7 |
Key figures of Condebo 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 30 April 2027.
What happened to Condebo Recycling?
What happened at Condebo 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 € 15,012 (▼ € 34,119 vs 2024). Source: NBB ↗
- New establishment in Lokeren. KBO
- K W BV became a director. NBB
- JuLo Consulting BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 30,745 profit in 2022 to € 15,012 loss in 2025.
Paid € 533 in corporate taxes since 2022.
Best year ever: 2022, with € 30,745 profit.
On average € 116,600 of value added per employee in 2025.
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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 WULTEPUTTE BOUDEWIJN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Condebo RecyclingBehind Condebo Recycling are K W BV and JuLo Consulting BV. The shares are held by WULTEPUTTE BOUDEWIJN (100%).
Directors
According to the 2025 annual accounts
Director · represented by Wulteputte Kristof
Also active at: WULTEPUTTE BOUDEWIJN, RC TOP LOKEREN, CAR AND TRUCK SERVICE, JORENT
since 2022
Director · represented by Wulteputte Evelien
Also active at: WULTEPUTTE BOUDEWIJN, RC TOP LOKEREN, CAR AND TRUCK SERVICE, JORENT
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waaslandlaan 16
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0872.247.061
- VAT number
- BE 0872.247.061
- Registered office
- Waaslandlaan 16, 9160 Lokeren
- Names & denominations
- Condebo Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 2005
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Terugwinning van materialen uit afval
Slopen
Slopen van gebouwen
Terugwinning van overig gesorteerd afval
Bouwrijp maken van terreinen
Algemene bouw van residentiële gebouwen
Bouw van autowegen en andere wegen
Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw
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