The development of the automotive sector and increasing amount of vehicles all over the world poses multiple threats to the environment. One of them, probably not so emphasized as others, is the enormous amount of post-consumer car tires. Due to the potential fire threat, waste tires are considered as dangerous waste, which should not be landfilled, so it is essential to develop efficient methods of their utilization. One of the possibilities is their shredding and application of resulting ground tire rubber (GTR) as filler for polymer composites, which could take advantage of the excellent mechanical performance of car tires. Nevertheless, due to the poor compatibility with majority of polymer matrices, prior to the application, surface of GTR particles should be modified and activated. In the presented work, the introduction of thermo-mechanically modified GTR into flexible foamed polyurethane matrix was analyzed. Among the compounds applied during manufacturing of polyurethane foams can be found isocyanates, which are able to react and generate covalent bonds with the functional groups present on the surface of modified GTR. Such an effect can noticeably enhance the interfacial interactions and boost up the mechanical performance. Nevertheless, it requires the adjustment of formulations used during manufacturing of foams. Therefore, for better understanding of the process foams with varying isocyanate index (from 0.9 to 1.1) were prepared with and without taking into account the possible interactions with functional groups of GTR. For comparison, unfilled matrix and composite containing deactivated GTR were also prepared.