REC XV
The computed 12-month bankruptcy probability of REC XV is 3.1% (moderate). The 2023 annual accounts show negative equity (€-43k) and a net result of €-12k. Equity is shrinking by ~64.4% per year across the filed fiscal years. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-43k |
| Net result | €-12k |
| Active | 21 yrs |
| Locations | 1 |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-12k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €110 |
| Equity | €-43k |
| Debt | €43k |
| of which ≤ 1y | €43k |
| of which > 1y | - |
| Working capital | €-43k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.00 |
| Quick ratio | 0.00 |
| Working capital ratio | -39342.9% |
| Solvency | -39402.8% |
| Debt / equity | -1.00 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -11072.5% |
| ROE | 28.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €110 |
| Current assets | 29/58 | €110 |
| Cash & bank | 54/58 | €110 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €110 |
| Equity | 10/15 | €-43k |
| Contributions / capital | 10/11 | €62k |
| Accumulated profits (losses) | 14 | €-105k |
| Amounts payable | 17/49 | €43k |
| Amounts payable within one year | 42/48 | €43k |
| Trade debts payable within one year | 44 | €10k |
| Income statement | ||
| Gross operating margin | 9900 | €-9k |
| Operating result | 9901 | €-10k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-12k |
| Net result for the period | 9904 | €-12k |
| Result to be appropriated | 9905 | €-12k |
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 28-09-2004 |
| Status | Active |
| Postal code | 8300 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1698/00E000 | Flanders | 9,863 m² | 1 · 1,162 m² | 52.5 m · 14 fl. |
| 31334B0593/00_000 | Flanders | 80 m² | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
17-04-2023 Registered office moved from Antwerpen to Knokke
- Noorderlaan 139 te 2030 Antwerpen → Duindistelstraat 11, 8300 Knokke
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Duindistelstraat 11, 8300 Knokke",
"city": "Knokke",
"region": "vlaams_gewest",
"street": "Duindistelstraat",
"country": "BE",
"postcode": "8300",
"box_number": null,
"street_number": "11",
"locality_suffix": null
},
"old_address": {
"raw": "Noorderlaan 139 te 2030 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Noorderlaan",
"country": "BE",
"postcode": "2030",
"box_number": null,
"street_number": "139",
"locality_suffix": null
},
"effective_date": "2022-12-08",
"evidence_quote": "De bestuurders besluiten om de maatschappelijke zetel van de Vennootschap te verplaatsen van Noorderlaan 139, 2030 Antwerpen naar Duindistelstraat 11, 8300 Knokke.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Evelien Devlieger",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-04-17",
"filing_date": "2023-03-28",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2022-12-08",
"unanimous": true
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Evelien Devlieger",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": [
"Uittreksel uit het schriftelijk besluit van de enige aandeelhouder",
"Uittreksel uit de notulen van de raad van bestuurder"
]
}11-07-2022 4 directors appointed
- Cornelia Cok, Bestuurder a
- Erwin Cok, Bestuurder a
- Hubrecht Cok, Bestuurder b
- Evelien Devlieger, Bestuurder b (voor fortitude bv)
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder A",
"person": {
"rrn": null,
"name": "Cornelia Cok",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder A",
"person": {
"rrn": null,
"name": "Erwin Cok",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder B",
"person": {
"rrn": null,
"name": "Hubrecht Cok",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder B (voor Fortitude BV)",
"person": {
"rrn": null,
"name": "Evelien Devlieger",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV"
}
}01-10-2021 2 directors appointed, 1 resigning
- Erwin Cok, Bestuurder a
- Deloitte Bedrijfsrevisoren, Commissaris
- Ermico BV, Bestuurder a
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder A",
"person": {
"rrn": null,
"name": "Ermico BV",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder A",
"person": {
"rrn": null,
"name": "Erwin Cok",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Deloitte Bedrijfsrevisoren",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV"
}
}20-07-2018 DELOITTE BEDRIJSFREVISOREN BV appointed as statutory auditor
- DELOITTE BEDRIJSFREVISOREN BV, Commissaris
Technical details
{
"events": [
{
"kind": "director_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "DELOITTE BEDRIJSFREVISOREN BV",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV"
}
}26-10-2017 4 directors appointed, 1 resigning
- Cok Cornelia, Bestuurder categorie a
- ERMICO, Bestuurder categorie a
- Fortitude BVBA, Bestuurder categorie b
- Hubrecht Cok, Bestuurder categorie b
- A, Bestuurder categorie a
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder categorie A",
"person": {
"rrn": null,
"name": "A",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder categorie A",
"person": {
"rrn": null,
"name": "Cok Cornelia",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder categorie A",
"person": {
"rrn": null,
"name": "ERMICO",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder categorie B",
"person": {
"rrn": null,
"name": "Fortitude BVBA",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder categorie B",
"person": {
"rrn": null,
"name": "Hubrecht Cok",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV"
}
}21-12-2016 Registered office moved within Antwerpen
- Rijnkaai 37 te 2000 Antwerpen → Noorderlaan 139 te 2030 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Noorderlaan 139 te 2030 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Noorderlaan",
"country": "BE",
"postcode": "2030",
"box_number": null,
"street_number": "139",
"locality_suffix": null
},
"old_address": {
"raw": "Rijnkaai 37 te 2000 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Rijnkaai",
"country": "BE",
"postcode": "2000",
"box_number": null,
"street_number": "37",
"locality_suffix": null
},
"effective_date": "2016-12-09",
"evidence_quote": "de raad van bestuur beslist de maatschappelijke zetel van de vennootschap met ingang van 9 december 2016 te verplaatsen van haar huidig adres naar Noorderlaan 139 te 2030 Antwerpen.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
},
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "siege_social",
"new_address": {
"raw": "Rijnkaai 37 te 2000 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Rijnkaai",
"country": "BE",
"postcode": "2000",
"box_number": null,
"street_number": "37",
"locality_suffix": null
},
"old_address": {
"raw": "Rijnkaai 37 te 2000 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Rijnkaai",
"country": "BE",
"postcode": "2000",
"box_number": null,
"street_number": "37",
"locality_suffix": null
},
"effective_date": "2016-11-30",
"evidence_quote": "de raad van bestuur neemt kennis van het feit dat de commissaris van de vennootschap, Deloitte Bedrijfsrevisoren cvba, Berkenlaan 8b te 1831 Diegem, niet langer vertegenwoordigd zal worden door de heer Dirk van Vlaenderen. De heer Dirk Van Vlaenderen wordt als vertegenwoordiger vervangen door de hee",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Cornelia Cok",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2016-12-12",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2016-05-17",
"unanimous": true
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": "Fortitude bvba",
"person_name": "Cornelia Cok",
"org_rep_person_name": "Evelien Devlieger",
"person_role_at_subject": "Bestuurder A"
},
"co_filed_documents": [
"Uittreksel uit de notulen van de aandeelhoudersvergadering 17 mei 2016",
"Uittreksel uit de notulen van de raad van bestuur van 30 november 2016"
]
}21-09-2015 DELOITTE BEDRIJSFREVISOREN BV appointed as commissaris revisor
- DELOITTE BEDRIJSFREVISOREN BV, Commissaris revisor
Technical details
{
"events": [
{
"kind": "director_in",
"role": "commissaris-revisor",
"person": {
"rrn": null,
"name": "DELOITTE BEDRIJSFREVISOREN BV",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV"
}
}30-07-2014 VASTHUIS nv appointed as director
- VASTHUIS nv, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "VASTHUIS nv",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0867.470.307",
"name_full": "REC XV"
}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | REC XV |