R-COTEC
ActiveR-COTEC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €347k and a net result of €17k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 11210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▲+1
Solvency72=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.17 in 2024; short-term debt: 48.9% and cash: 14.1% of total assets), but 53.1% 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
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
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
46.9%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
9 d early
2023
41 d early
2022
28 d early
2021
37 d early
2020
90 d late
2019
28 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€347k▲ 5.3%
2024 · €330k
2018: €234k
2019: €240k
2020: €255k
2021: €278k
2022: €311k
2023: €320k
2024: €330k
2018 → 2025
Total assets
€740k▲ 4.8%
2024 · €706k
2018: €662k
2019: €630k
2020: €626k
2021: €626k
2022: €759k
2023: €761k
2024: €706k
2018 → 2025
Net result
€17k▲ 68.2%
2024 · €10k
2018: €11k
2019: €6k
2020: €15k
2021: €23k
2022: €33k
2023: €9k
2024: €10k
2018 → 2025
Working capital
€344k▼ 8.4%
2024 · €376k
2018: €228k
2019: €230k
2020: €237k
2021: €262k
2022: €326k
2023: €406k
2024: €376k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€278k-€311k▲ 11.7%€320k▲ 2.8%€330k▲ 3.2%€347k▲ 5.3%
Operating result€27k-€48k▲ 77.6%€26k▼ 47.0%€39k▲ 53.9%€56k▲ 42.3%
Net result€23k-€33k▲ 40.8%€9k▼ 73.6%€10k▲ 20.1%€17k▲ 68.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 42% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €740k
Fixed assets
€34k▲ 224%
Current assets
€706k▲ 1.5%
Equity and liabilities €740k
Equity
€347k▲ 5.3%
Debt
€393k▲ 4.3%
The debt ratio falls from 53.3% to 53.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72k▲
2024 · €51k
Cash flow
€33k▲
2024 · €22k
Solvency
46.9%▲
2024 · 46.7%
Current ratio
1.95▼
2024 · 2.17
Quick ratio
1.69▼
2024 · 1.89
Debt / equity
1.13▼
2024 · 1.14
ROE
5.0%▲
2024 · 3.1%
ROA
2.3%▲
2024 · 1.5%
Interest coverage
2.48▼
2024 · 2.49
Debt
€393k▲
2024 · €376k
Debt ≤ 1 year
€362k▲
2024 · €320k
Debt > 1 year
€31k▼
2024 · €56k
Income taxes
€13k▲
2024 · €12k
Staff costs
€178k▲
2024 · €161k
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€706k€740k▲
Fixed assets21/28€10k€34k▲
Tangible fixed assets22/27€10k€33k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€8k€31k▲
Financial fixed assets28€641€641=
Current assets29/58€696k€706k▲
Amounts receivable after more than one year29€106k€100k▼
Other amounts receivable291€106k€100k▼
Stocks and contracts in progress3€90k€93k▲
Stocks30/36€90k€93k▲
Amounts receivable within one year40/41€375k€401k▲
Trade receivables40€348k€391k▲
Other amounts receivable41€28k€10k▼
Cash at bank and in hand54/58€119k€104k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€706k€740k▲
Equity10/15€330k€347k▲
Contributions10/11€21k€21k=
Reserves13€309k€326k▲
Non-distributable reserves130/1€0-
Other1319€0-
Tax-exempt reserves132€375€375=
Distributable reserves133€308k€326k▲
Amounts payable17/49€376k€393k▲
Amounts payable after more than one year17€56k€31k▼
Financial debts170/4€56k€31k▼
Amounts payable within one year42/48€320k€362k▲
Current portion of amounts payable after more than one year42€51k€54k▲
Financial debts43€105k€101k▼
Credit institutions430/8-€730
Other loans439€105k€100k▼
Trade debts44€140k€176k▲
Suppliers440/4€140k€176k▲
Taxes, remuneration and social security45€24k€32k▲
Taxes450/3€2k€12k▲
Remuneration and social security454/9€22k€20k▼
Income statement
Code20242025
Remuneration, social security and pensions62€161k€178k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€16k▲
Other operating charges640/8€12k€29k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€224k€286k▲
Operating profit (loss)9901€39k€56k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€20k€29k▲
Recurring financial charges65€20k€29k▲
Profit (loss) for the period before taxes9903€22k€30k▲
Income taxes67/77€12k€13k▲
Profit (loss) for the period9904€10k€17k▲
Profit (loss) for the period to be appropriated9905€10k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€17k▲
Transfer to equity691/2€10k€17k▲
To other reserves6921€10k€17k▲
The notes to these accounts (14 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €33k ▲40.8%
Net result €33k, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €6k ▼43.5%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1990
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.
Slekkenstraat(MEL) 49120 Beveren-Kruibeke-ZwijndrechtGround area
6,903 m²
Building footprint
967 m²
Parcel 46016D1365/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
R-Cotec
since 19902.050.251.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016D1365/00D000 | Flanders | 6,903 m² | 1 · 967 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,063 EUR awarded · 1,063 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 312 EUR | 312 EUR |
| 2023 | 1 | 227 EUR | 227 EUR |
| 2022 | 1 | 524 EUR | 524 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ELECTRO GROOTHANDEL LEKENS
BE 0428.697.735
Gent · Eq €347k
Etablissements Erga
BE 0401.389.562
Namur · Eq €348k
PINK NOISE
BE 0453.903.580
Elsene · Eq €349k
AIR TRADE
BE 0536.413.661
Mouscron · Eq €351k
BELECTRON
BE 0425.097.253
Pajottegem · Eq €344k
Of 977 companies in sector 46431 we hold annual accounts for 706. 548 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-1990
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.