RECA ASSOCIATES
ActiveRECA ASSOCIATES has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €107k and a net result of €22k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 5895 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency18▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.24 against 0.84 in 2023), and 78.4% 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.6%
Return on assets
4.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
6 d early
2022
4 d early
2021
3 d early
2020
25 d early
2019
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€107k▲ 26.4%
2023 · €85k
2018: €36k
2019: €34k
2020: €31k
2021: €42k
2022: €60k
2023: €85k
2018 → 2024
Total assets
€495k▲ 16.9%
2023 · €424k
2018: €562k
2019: €529k
2020: €482k
2021: €468k
2022: €446k
2023: €424k
2018 → 2024
Net result
€22k▼ 8.8%
2023 · €25k
2018: €-12k
2019: €-2k
2020: €-4k
2021: €11k
2022: €19k
2023: €25k
2018 → 2024
Working capital
€-59k▼ 237%
2023 · €-17k
2018: €-46k
2019: €-28k
2020: €7k
2021: €26k
2022: €35k
2023: €-17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€42k▲ 36.0%€60k▲ 44.8%€85k▲ 40.8%€107k▲ 26.4%
Operating result€9k-€23k▲ 158%€29k▲ 29.3%€33k▲ 12.4%€32k▼ 3.5%
Net result€-4k-€11k€19k▲ 69.2%€25k▲ 31.9%€22k▼ 8.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €495k
Fixed assets
€476k▲ 43.9%
Current assets
€19k▼ 79.5%
Equity and liabilities €495k
Equity
€107k▲ 26.4%
Debt
€388k▲ 14.6%
The debt ratio falls from 80.0% to 78.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€80k▲
2023 · €71k
Cash flow
€71k▲
2023 · €62k
Solvency
21.6%▲
2023 · 20.0%
Current ratio
0.24▼
2023 · 0.84
Quick ratio
0.24▼
2023 · 0.84
Debt / equity
3.62▼
2023 · 4.00
ROE
20.9%▼
2023 · 29.0%
ROA
4.5%▼
2023 · 5.8%
Interest coverage
8.11▲
2023 · 7.67
Debt
€388k▲
2023 · €339k
Debt ≤ 1 year
€78k▼
2023 · €110k
Debt > 1 year
€311k▲
2023 · €229k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€424k€495k▲
Fixed assets21/28€331k€476k▲
Tangible fixed assets22/27€331k€476k▲
Land and buildings22€329k€475k▲
Plant, machinery and equipment23€3k€2k▼
Current assets29/58€93k€19k▼
Amounts receivable within one year40/41€285€15k▲
Trade receivables40-€15k
Other amounts receivable41€285€304▲
Current investments50/53€70k€0▼
Cash at bank and in hand54/58€20k€1k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€424k€495k▲
Equity10/15€85k€107k▲
Contributions10/11€120k€120k=
Profit (loss) carried forward14€-35k€-13k▲
Amounts payable17/49€339k€388k▲
Amounts payable after more than one year17€229k€311k▲
Financial debts170/4€154k€121k▼
Other amounts payable178/9€75k€190k▲
Amounts payable within one year42/48€110k€78k▼
Current portion of amounts payable after more than one year42€33k€33k▲
Trade debts44€2k€17k▲
Suppliers440/4€2k€17k▲
Taxes, remuneration and social security45€32€0▼
Taxes450/3€32€0▼
Other amounts payable47/48€75k€28k▼
Accrued charges and deferred income492/3€34€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€49k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€74k€84k▲
Operating profit (loss)9901€33k€32k▼
Financial income75/76B€950€599▼
Recurring financial income75€950€599▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€25k€22k▼
Profit (loss) for the period9904€25k€22k▼
Profit (loss) for the period to be appropriated9905€25k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-13k▲
Profit (loss) brought forward from the previous period14P€-60k€-35k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €107k ▲26.4%
4 profitable years in a row build equity to €107k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €25k ▲31.9%
Operating result €33k, net result €25k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.19
Current ratio from 0.56 to 1.19; short-term debt falls from €63k to €34k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Montigny-le-Tilleul
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.
Rue des Vignes 466110 Montigny-le-TilleulGround area
8,381 m²
Building footprint
191 m²
Volume, LiDAR
1,289 m³
Parcel 52048D0078/00V014, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048D0078/00V014 | Wallonia | 8,381 m² | 1 · 191 m² | 9.3 m · 2 fl. |
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.
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Of 1,280 companies in sector 81100 we hold annual accounts for 678. 444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2006
Fiscal year end31-12
Activities, NACEBEL
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.