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 19 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 9 to 8.
Financials
Financial year 2025
H & D Recycling from Tienen, company number BE0884836572, closed financial year 2025 with a result of € 29,472 after tax. For that financial year H & D Recycling recorded a gross margin of € 1.6 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 37,721 to € 29,472. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 24, 2026.
€ 1.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,472
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 141,995
▲ 41% 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 € 1.7 million.
People and assets in 2025
8
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 309,870
▼ 26% vs 2024
€ 38,700 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.
€ 423,954
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▼ 15% vs 2024
€ 834,385 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 642,761
▲ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85,383
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,824,370 | € 1,904,641 | € 1,838,882 | € 1,587,476 | ▼ 14% |
| Profit after taxes | € 593,124 | € 162,775 | € 37,721 | € 29,472 | ▼ 22% |
| Equity | € 1,444,210 | € 1,606,985 | € 1,644,706 | € 1,674,178 | ▲ 2% |
| Total debts | € 6,352,574 | € 5,318,104 | € 4,215,851 | € 3,889,552 | ▼ 8% |
| Cash | € 117,674 | € 71,991 | € 100,711 | € 141,995 | ▲ 41% |
| Land & buildings | € 1,302,841 | € 1,113,755 | € 921,492 | € 732,218 | ▼ 21% |
| Retained profit | € 1,438,010 | € 1,600,785 | € 1,638,506 | € 1,667,978 | ▲ 2% |
| Bank debt | € 5,228,730 | € 4,631,114 | € 3,695,252 | € 3,146,283 | ▼ 15% |
| Balance sheet total | € 7,796,784 | € 6,925,089 | € 5,860,557 | € 5,563,730 | ▼ 5% |
| Employees (FTE) | 8.1 | 9 | 8.6 | 8 | ▼ 0.6 |
By gross margin, H & D Recycling ranks 1st of 13 companies with main activity “Inzameling van ongevaarlijk afval” in Flemish Brabant that publish figures (fiscal year 2025).
Key figures of H & D 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.
Ask about H & D 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 H & D Recycling?
What happened at H & D 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 € 29,472 (▼ 22% vs 2024). filed late Source: NBB ↗
- New establishment in Tienen. KBO
- Start of the company according to the CBE. KBO
In short
From € 593,124 profit in 2022 to € 29,472 profit in 2025.
Paid € 195,431 in corporate taxes since 2022.
Best year ever: 2022, with € 593,124 profit.
On average € 198,400 of value added per employee in 2025.
Management
Behind H & D Recycling are Diane Vanthienen and Henri Schmelcher. Henri Schmelcher is also behind DConsult.
Directors
According to the 2025 annual accounts
Diane Vanthienen
Director
Establishments
Establishment units
Physical locations of this company
Leeuwerikweg 14-16
3300 Tienen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
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Details
- Company number
- 0884.836.572
- VAT number
- BE 0884.836.572
- Registered office
- Leeuwerikweg 14-16, 3300 Tienen
- Names & denominations
- H & D Recycling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 2006
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Inzameling van ongevaarlijk afval
Andere afvalverwijdering
Terugwinning van materialen uit afval
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Groothandel in afval en schroot, neg
Sloop van wrakken
Sorteren van ongevaarlijk afval
Groothandel in afval en schroot, n.e.g.
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