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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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RECYCLING from Wetteren, company number BE0887579890, closed financial year 2025 with a result of € 12,049 after tax. For that financial year RECYCLING recorded revenue of € 1.4 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 19,102 to € 12,049. The company is profitable. 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 24, 2026.
€ 1.6 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,049
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 45,554
▲ € 38,815 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 € 1.3 million.
People and assets in 2025
0.7
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 67,266
▲ 29% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 3,363
Loans from banks and other lenders, long and short.
€ 519,232
▲ 251% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 154 days on average.
€ 8,962
▼ 60% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,417,702 | € 1,149,997 | € 1,384,476 | ▲ 20% |
| Gross margin | € 201,062 | - | - | - | |
| Profit after taxes | € 33,471 | € 3,195 | € 19,102 | € 12,049 | ▼ 37% |
| Equity | € 1,538,615 | € 1,541,810 | € 1,560,912 | € 1,572,960 | ▲ 1% |
| Total debts | € 364,491 | € 380,325 | € 731,692 | € 1,100,074 | ▲ 50% |
| Cash | € 28,066 | € 13,655 | € 6,739 | € 45,554 | ▲ € 38,815 |
| Retained profit | € 1,288,615 | € 1,291,810 | € 1,310,912 | € 1,322,960 | ▲ 1% |
| Bank debt | € 0 | € 0 | € 0 | € 3,363 | |
| Balance sheet total | € 1,903,106 | € 1,922,135 | € 2,292,604 | € 2,673,035 | ▲ 17% |
| Employees (FTE) | 0.8 | 0.8 | 0.8 | 0.7 | ▼ 0.1 |
Key figures of 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 RECYCLING?
What happened at RECYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Didier Govaert stepped down as director. NBB
- Ignace Govaert stepped down as director. NBB
- Kristof Govaert stepped down as director. NBB
- Filip Govaert stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 12,049 (▼ 37% vs 2024). filed late Source: NBB ↗
- Didier Govaert became a director. NBB
- Ignace Govaert became a director. NBB
- Kristof Govaert became a director. NBB
In short
From € 33,471 profit in 2022 to € 12,049 profit in 2025.
Paid € 37,535 in corporate taxes since 2022.
Best year ever: 2022, with € 33,471 profit.
Pays suppliers within 154 days on average.
A new publication or filing at 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 A-GROUP, LIGNEA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RECYCLINGThe shares are held by A-GROUP (80%) and LIGNEA (20%).
Directors
According to the 2025 annual accounts
Didier Govaert
Managing director
Also active at: WILLER, A.B.O.G., IGOV, BECAUS, ROAD SWEEPER RENTING, AQUAMELLA, A 2, REGOMEF +7 more
since 2023 · until 2029
Ignace Govaert
Managing director
Also active at: BECAUS, ROAD SWEEPER RENTING, AQUAMELLA, A 2, IMMOGOV, IRCOM, TRAFIC-SIGNALISATION-SECURITE, REGOMEF +7 more
since 2023 · until 2029
Kristof Govaert
Director
Also active at: WILLER, A.B.O.G., IGOV, BECAUS, ROAD SWEEPER RENTING, AQUAMELLA, DKH, A 2 +10 more
since 2023 · until 2029
since 2023 · until 2029
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vantegemstraat 19
9230 Wetteren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →A.B.O.G. same network
€ 45.6 million revenue · 2025
TIJDELIJKE VERENIGING ABOG NV - WILLER BVBA
THV A-WEGEN PERMANENTIE
Recycling-Regomef
WAF Tunnel Cleaners
+6 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
- 0887.579.890
- VAT number
- BE 0887.579.890
- Registered office
- Vantegemstraat 19, 9230 Wetteren
- Names & denominations
- RECYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2007
- Peppol
- Active · Active since 12 May 2025
- Activities · NACE
Sanering en ander afvalbeheer
Sanering en dergelijke activiteiten