Sector · NACE 3821

Materials recovery

590 Belgian companies whose main activity falls under NACE code 3821 have filed annual accounts. Their median solvency is 42.7% for financial year 2024.

Companies590
Median solvency42.7%
Median equity495,861 €
Median headcount (FTE)7.6
Founded in the last 3 years31

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 18.5%42.7%66.4% 537
Current ratio 0.821.342.29 527
ROE -0.3%9.6%22.0% 467
Equity 70,307 €495,861 €€2.17m 538
Total assets 402,461 €€1.73m€5.50m 537
Net result −10,788 €26,211 €217,008 € 538
Headcount (avg FTE) 2.37.617.4 336

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Materials recovery

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Galloo 8930 Menen €354.9m €513.9m €183.4m 276.8 2025
2 Bebat 3300 Tienen €137.0m €42.0m €40.2m 36.8 2025
3 Quatra 9160 Lokeren €131.0m €296.7m €37.1m 35.9 2025
4 Indaver Plastics Recycling 2830 Willebroek €116.9m €33.2m €91.1m 106.4 2025
5 Comet Traitements 6200 Châtelet €104.1m €81.5m €46.3m 174.9 2025
6 Recupel 1932 Zaventem €97.8m €41.5m €78.8m 33.3 2025
7 Belgian Scrap Terminal 9130 Beveren-Kruibeke-Zwijndrecht €95.4m €321.9m €42.7m 53.5 2025
8 Cometsambre 6200 Châtelet €91.0m €247.5m €23.6m 79.2 2025
9 Bionerga 3500 Hasselt €82.9m €22.6m €39.7m 47.9 2025
10 Intergemeentelijk Samenwerkingsverband Voor Vuilverwijdering EN- Verwerking IN Brugge EN Ommeland 8000 Bruges €79.8m €55.6m €47.0m 232.7 2025
11 Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken 9000 Ghent €78.4m €81.1m €51.2m 399.0 2025
12 Intergemeentelijke Maatschappij voor Openbare Gezondheid in Zuid-West-Vlaanderen 8530 Harelbeke €71.9m €50.3m €21.0m 170.0 2025
13 Mopet Belgium 6840 Neufchâteau €67.8m — −€1.68m 7.8 2025
14 Bruxelles Energie - Brussel Energie 1000 Brussels €58.3m €49.5m €37.7m 117.5 2025
15 Intergemeentelijke opdrachthoudende Vereniging voor huisvuilverwerking Meetjesland 9900 Eeklo €53.7m €25.0m €27.1m 105.1 2025
16 Ecore Belgium 6790 Aubange €51.7m €90.9m €37.2m 35.1 2025
17 Filao 6010 Charleroi €47.6m €44.7m €3.98m 41.0 2025
18 C.E.T.B. 6031 Charleroi €46.8m €32.8m €11.4m 1.0 2025
19 Euregio Recycling Belgium 3690 Zutendaal €45.2m €73.5m €9.53m 32.2 2025
20 Veolia Treatment & Recycling BE 1060 Saint-Gilles €44.9m €41.4m €15.5m 45.2 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Where are they based?

  • Antwerp95
  • West Flanders94
  • Hainaut77
  • Limburg74
  • Liège66
  • East Flanders63
  • Flemish Brabant38
  • Brussels-Capital34
  • Luxembourg18
  • Walloon Brabant16
  • Namur15

Municipalities with the most

Related sectors

← The whole Waste collection, recovery and disposal activities sector (NACE 38)

Frequently asked questions

How many Materials recovery companies are there in Belgium?

590 Belgian companies whose main activity falls under NACE code 3821 (Materials recovery) have filed annual accounts with the National Bank.

What is the median solvency in Materials recovery?

For financial year 2024, median solvency (equity over total assets) is 42.7%. The middle half of companies lies between 18.5% and 66.4% (537 companies).

What is the largest company in Materials recovery?

By total assets, it is Galloo (€354.9m, financial year 2025).

Where are Materials recovery companies based?

The municipalities with the most: Châtelet (13), Genk (9), Seraing (9).

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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 10 Oct 2026.