DEGROOTE RECA
ActiveDEGROOTE RECA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €16k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 3644 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-1
Solvency44▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.17 in 2024; short-term debt: 41.9% and cash: 14.3% of total assets), and 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.5%
Return on assets
2.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
29 d late
2022
11 d early
2021
8 d early
2019
4 d early
2018
13 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.22M
EBIT margin
3.7%
Net result
€16k▼ 14.9%
2024 · €18k
2019: €4k
2021: €13k
2022: €38k
2023: €11k
2024: €18k
2019 → 2025
Working capital
€73k▲ 69.8%
2024 · €43k
2019: €-72k
2021: €31k
2022: €-6k
2023: €25k
2024: €43k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.22M
Equity€22k-€60k▲ 169%€70k▲ 17.8%€89k▲ 26.0%€104k▲ 17.5%
Operating result€32k-€45k▲ 40.8%€25k▼ 45.6%€45k▲ 81.8%€27k▼ 38.8%
Net result€13k-€38k▲ 191%€11k▼ 71.6%€18k▲ 71.6%€16k▼ 14.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535k
Fixed assets
€237k▼ 14.6%
Current assets
€298k▲ 0.4%
Equity and liabilities €535k
Equity
€104k▲ 17.5%
Debt
€431k▼ 11.3%
The debt ratio falls from 84.6% to 80.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▼
2024 · €94k
Cash flow
€62k▼
2024 · €68k
Solvency
19.5%▲
2024 · 15.4%
Current ratio
1.33▲
2024 · 1.17
Quick ratio
0.56▼
2024 · 0.60
Debt / equity
4.13▼
2024 · 5.48
ROE
14.9%▼
2024 · 20.6%
ROA
2.9%▼
2024 · 3.2%
Interest coverage
6.16▼
2024 · 11.78
Debt
€431k▼
2024 · €486k
Debt ≤ 1 year
€224k▼
2024 · €253k
Debt > 1 year
€207k▼
2024 · €232k
Staff costs
€317k▼
2024 · €336k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€575k€535k▼
Fixed assets21/28€278k€237k▼
Tangible fixed assets22/27€274k€233k▼
Land and buildings22€25k€25k=
Plant, machinery and equipment23€25k€19k▼
Furniture and vehicles24€4k€2k▼
Leasing and similar rights25€15k€13k▼
Other tangible fixed assets26€206k€174k▼
Financial fixed assets28€4k€4k=
Current assets29/58€297k€298k▲
Stocks and contracts in progress3€145k€172k▲
Stocks30/36€145k€172k▲
Amounts receivable within one year40/41€51k€46k▼
Trade receivables40€50k€45k▼
Other amounts receivable41€1k€1k=
Cash at bank and in hand54/58€98k€77k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€575k€535k▼
Equity10/15€89k€104k▲
Contributions10/11€50k€50k=
Reserves13€39k€54k▲
Distributable reserves133€39k€54k▲
Amounts payable17/49€486k€431k▼
Amounts payable after more than one year17€232k€207k▼
Financial debts170/4€232k€207k▼
Amounts payable within one year42/48€253k€224k▼
Current portion of amounts payable after more than one year42€5k€5k=
Financial debts43€6k€6k▼
Credit institutions430/8€6k€6k▼
Trade debts44€130k€121k▼
Suppliers440/4€130k€121k▼
Taxes, remuneration and social security45€71k€68k▼
Taxes450/3€27k€28k▲
Remuneration and social security454/9€43k€40k▼
Other amounts payable47/48€42k€24k▼
Income statement
Code20242025
Non-recurring operating income76A€0€452▲
Remuneration, social security and pensions62€336k€317k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€46k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€16k
Gross operating margin9900€431k€407k▼
Operating profit (loss)9901€45k€27k▼
Financial income75/76B€18€218▲
Recurring financial income75€18€218▲
Financial charges65/66B€26k€12k▼
Recurring financial charges65€8k€12k▲
Non-recurring financial charges66B€18k€0▼
Profit (loss) for the period before taxes9903€18k€16k▼
Income taxes67/77€0-
Profit (loss) for the period9904€18k€16k▼
Profit (loss) for the period to be appropriated9905€18k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€16k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€18k€16k▼
To other reserves6921€18k€16k▼
Social balance
Average headcount (FTE)90875.25.2=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €104k ▲17.5%
6 profitable years in a row build equity to €104k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-05
Financial
Highest result since 2019net €38k ▲191%
Operating result €45k, net result €38k, both a record.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hille-Noord 18750 WingeneGround area
5,911 m²
Building footprint
1,208 m²
Volume, LiDAR
10,903 m³
2 parcels, Flanders · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Cœr d'Amis
since 20142.235.343.818
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019D0579/00P000 | Flanders | 3,225 m² | 1 · 304 m² | 7.3 m · 1 fl. |
| 37019C0133/00D000 | Flanders | 2,686 m² | 1 · 904 m² | 12.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWingene2.235.343.818
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WINGMEI
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S.E.R.S.
BE 0432.644.150
Rochefort · Eq €104k
DOX
BE 0674.762.187
Brussel · Eq €104k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 9,521 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.