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 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.
| 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 |
By gross margin, Condebo Recycling ranks 36th of 62 companies with main activity “Terugwinning van materialen uit afval” in East Flanders that publish figures (fiscal year 2025).
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.
Ask about Condebo Recycling the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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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
- Incorporation, published in the Gazette. Source: Staatsblad ↗
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.
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.
Similar companies in East Flanders
Same main activity (Terugwinning van materialen uit afval), 92 active companies in East Flanders, largest first.
€ 321.9 million revenue · 2025 · Beveren-Kruibeke-Zwijndrecht
€ 296.7 million revenue · 2025 · Lokeren
Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken
€ 81.1 million revenue · 2025 · Gent
€ 57.5 million revenue · 2025 · Gent
Intergemeentelijke opdrachthoudende Vereniging voor huisvuilverwerking Meetjesland
€ 25 million revenue · 2025 · Eeklo
€ 22.3 million revenue · 2025 · Evergem
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- WULTEPUTTE Boudewijn Johan José(oprichter) 33.3%
- ROGIERS Filip Jozef Christiane(oprichter) 33.3%
- DE MOL Danny Amedée Magda(oprichter) 33.3%
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 21 Oct 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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