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 29 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 8.2 to 6.
Financials
Financial year 2025
AC RECYCLING from Lubbeek, company number BE0880249561, closed financial year 2025 with a result of € 175,269 after tax. For that financial year AC RECYCLING recorded revenue of € 11.3 million and equity of € 422,282. Compared with financial year 2024, the result moved from € 27,660 to € 175,269. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 27, 2026.
€ 422,282
▲ 71% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 175,269
▲ € 147,609 vs 2024
Profit after tax over the fiscal year.
€ 89,433
▲ 10% 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 € 359,782.
People and assets in 2025
6
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 398,477
▼ 26% vs 2024
€ 66,400 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.
€ 5.4 million
▲ 38% vs 2024
Of which on lease € 4.6 million.
Debts at end 2025
€ 3.9 million
▲ 22% vs 2024
€ 930,515 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.3 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 88 days on average.
€ 39,522
▼ 31% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,132,016 | € 10,294,066 | € 11,526,810 | € 11,344,335 | ▼ 2% |
| Profit after taxes | € 10,589 | € -485,421 | € 27,660 | € 175,269 | ▲ € 147,609 |
| Equity | € 704,774 | € 219,354 | € 247,013 | € 422,282 | ▲ 71% |
| Total debts | € 7,852,321 | € 8,201,303 | € 8,347,097 | € 9,164,576 | ▲ 10% |
| Cash | € 107,695 | € 77,072 | € 81,638 | € 89,433 | ▲ 10% |
| Land & buildings | € 185,178 | € 150,430 | € 118,932 | € 89,035 | ▼ 25% |
| Retained profit | € 642,274 | € 156,854 | € 184,513 | € 359,782 | ▲ 95% |
| Bank debt | € 4,334,956 | € 4,069,461 | € 3,209,067 | € 3,925,172 | ▲ 22% |
| Balance sheet total | € 8,557,096 | € 8,420,656 | € 8,594,110 | € 9,586,858 | ▲ 12% |
| Employees (FTE) | 7.7 | 8.2 | 7.7 | 6 | ▼ 1.7 |
Key figures of AC 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 January 2027.
What happened to AC RECYCLING?
What happened at AC RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Christiane SWEVERS stepped down as director. NBB
- Nick CELIS stepped down as director. NBB
- ANDRE CELIS HOLDING NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 175,269 (▲ € 147,609 vs 2024). Source: NBB ↗
- Christiane SWEVERS became a director. NBB
- Nick CELIS became a director. NBB
- ANDRE CELIS HOLDING NV became a director. NBB
- New establishment in Kampenhout. KBO
In short
From € 10,589 profit in 2022 to € 175,269 profit in 2025.
Paid € 15,447 in corporate taxes since 2022.
Best year ever: 2025, with € 175,269 profit.
Pays suppliers within 88 days on average.
A new publication or filing at AC 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
The stake of ANDRE CELIS - HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AC RECYCLINGThe shares are held by ANDRE CELIS - HOLDING (99.7%).
Directors
According to the 2025 annual accounts
Christiane SWEVERS
Director
Also active at: ANDRE CELIS NATUURSTEEN, André Celis Tankstations, ANDRE CELIS, ANDRE CELIS - HOLDING, KANI, NIKA, ANDRE CELIS - TRANSPORT
since 2023 · until 2029
Nick CELIS
Director
Also active at: André Celis - Transcomat, ANDRE CELIS NATUURSTEEN, MEYSMANS EN CIE, André Celis Tankstations, ANDRE CELIS, ANDRE CELIS - HOLDING, A.C.C., KANI +5 more
since 2023 · until 2029
Managing director · represented by François CELIS
Also active at: MEYSMANS EN CIE, André Celis Tankstations, ANDRE CELIS
since 2023 · until 2029
Shareholders
99.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Staatsbaan(LUB) 119
3210 Lubbeek
Industriestraat 11
1910 Kampenhout
Active since 2 November 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →André Celis - Transcomat same network
€ 718,844 gross margin · 2025
ANDRE CELIS NATUURSTEEN same network
€ 2.8 million gross margin · 2025
MEYSMANS EN CIE same network
€ 626,146 gross margin · 2025
ANDRE CELIS same network
€ 48.8 million revenue · 2025
ANDRE CELIS - HOLDING same network
€ 1.5 million gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0880.249.561
- VAT number
- BE 0880.249.561
- Registered office
- Staatsbaan(LUB) 119, 3210 Lubbeek
- Names & denominations
- AC RECYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Terugwinning van materialen uit afval
Recycling van metaalafval
Terugwinning van metaalafval
Opslag
Andere afvalverwijdering
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Recycling van niet-metaalafval
Groothandel in afval en schroot
+4