RECA BELUX
ActiveRECA BELUX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.35M and a net result of €-290k. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-5
Solvency89▼-3
Growth39▼-1
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.87 in 2024), but 50.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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
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 →
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
49.3%
Return on assets
-6.1%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€290k
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
92 d early
2023
84 d early
2022
89 d early
2021
28 d late
2020
37 d early
2019
119 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€18.63M▲ 0.6%
2024 · €18.51M
2018: €12.73M
2019: €14.28M
2020: €14.92M
2021: €17.23M
2022: €17.76M
2023: €18.76M
2024: €18.51M
2018 → 2025
EBIT margin
-0.5%▼ 1.5pp
2024 · 1.0%
2018: 10.2%
2019: 8.5%
2020: 8.2%
2021: 9.9%
2022: 5.7%
2023: 4.7%
2024: 1.0%
2018 → 2025
Net result
€-290k▼ 973%
2024 · €-27k
2018: €814k
2019: €740k
2020: €754k
2021: €1.10M
2022: €543k
2023: €475k
2024: €-27k
2018 → 2025
Working capital
€1.78M▼ 22.6%
2024 · €2.29M
2018: €5.80M
2019: €6.18M
2020: €3.55M
2021: €4.18M
2022: €2.45M
2023: €2.44M
2024: €2.29M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€17.23M-€17.76M▲ 3.0%€18.76M▲ 5.6%€18.51M▼ 1.3%€18.63M▲ 0.6%
Equity€4.28M-€2.55M▼ 40.5%€2.66M▲ 4.5%€2.64M▼ 1.0%€2.35M▼ 11.0%
Operating result€1.71M-€1.01M▼ 40.9%€875k▼ 13.6%€181k▼ 79.3%€-91k
Net result€1.10M-€543k▼ 50.7%€475k▼ 12.5%€-27k€-290k▼ 973%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €91k after €181k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.76M
Fixed assets
€570k▲ 52.7%
Current assets
€4.19M▼ 14.8%
Equity and liabilities €4.76M
Equity
€2.35M▼ 11.0%
Debt
€2.41M▼ 9.2%
The debt ratio rises from 50.2% to 50.7%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€52k▼
2024 · €281k
Cash flow
€-147k▼
2024 · €73k
Solvency
49.3%▼
2024 · 49.8%
Current ratio
1.74▼
2024 · 1.87
Quick ratio
1.68▼
2024 · 1.83
Debt / equity
1.03▲
2024 · 1.01
ROE
-12.4%▼
2024 · -1.0%
ROA
-6.1%▼
2024 · -0.5%
Interest coverage
0.59▼
2024 · 3.78
Debt
€2.41M▼
2024 · €2.66M
Debt ≤ 1 year
€2.41M▼
2024 · €2.63M
Income taxes
€46k▼
2024 · €108k
Staff costs
€7.61M▲
2024 · €7.28M
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€5.29M€4.76M▼
Fixed assets21/28€373k€570k▲
Intangible fixed assets21€32k€20k▼
Tangible fixed assets22/27€335k€543k▲
Plant, machinery and equipment23€239k€472k▲
Furniture and vehicles24€96k€71k▼
Financial fixed assets28€6k€6k=
Other financial fixed assets284/8€6k€6k=
Amounts receivable and cash guarantees285/8€6k€6k=
Current assets29/58€4.92M€4.19M▼
Stocks and contracts in progress3€105k€125k▲
Stocks30/36€105k€125k▲
Goods purchased for resale34€105k€125k▲
Amounts receivable within one year40/41€2.70M€2.27M▼
Trade receivables40€2.30M€2.12M▼
Other amounts receivable41€402k€149k▼
Current investments50/53€1.60M€1.40M▼
Other investments51/53€1.60M€1.40M▼
Cash at bank and in hand54/58€487k€360k▼
Deferred charges and accrued income490/1€22k€37k▲
Equity and liabilities
Total equity and liabilities10/49€5.29M€4.76M▼
Equity10/15€2.64M€2.35M▼
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Reserves13€2.49M€2.20M▼
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€2.47M€2.18M▼
Amounts payable17/49€2.66M€2.41M▼
Amounts payable within one year42/48€2.63M€2.41M▼
Financial debts43€285€4k▲
Credit institutions430/8€285€4k▲
Trade debts44€1.11M€1.13M▲
Suppliers440/4€1.11M€1.13M▲
Taxes, remuneration and social security45€1.51M€1.28M▼
Taxes450/3€228k€209k▼
Remuneration and social security454/9€1.28M€1.07M▼
Accrued charges and deferred income492/3€30k-
Income statement
Code20242025
Operating income70/76A€18.81M€18.87M▲
Turnover70€18.51M€18.63M▲
Other operating income74€298k€247k▼
Operating charges60/66A€18.63M€18.97M▲
Goods for resale, raw materials and consumables60€8.36M€8.44M▲
Purchases600/8€8.28M€8.46M▲
Change in stocks: decrease (increase)609€86k€-20k▼
Services and other goods61€2.77M€2.67M▼
Remuneration, social security and pensions62€7.28M€7.61M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€143k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€99k€99k=
Other operating charges640/8€10k€3k▼
Operating profit (loss)9901€181k€-91k▼
Financial income75/76B€96k€67k▼
Recurring financial income75€96k€67k▼
Income from current assets751€68k€33k▼
Other financial income752/9€28k€33k▲
Financial charges65/66B€196k€219k▲
Recurring financial charges65€196k€219k▲
Debt charges650€74k€88k▲
Other financial charges652/9€122k€132k▲
Profit (loss) for the period before taxes9903€81k€-244k▼
Income taxes67/77€108k€46k▼
Taxes670/3€108k€46k▼
Profit (loss) for the period9904€-27k€-290k▼
Profit (loss) for the period to be appropriated9905€-27k€-290k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-290k▼
Transfer from equity791/2€27k€290k▲
From reserves792€27k€290k▲
Social balance
Average headcount (FTE)908787.179.5▼
The notes to these accounts (41 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
23-03
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Director resignation10 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Director resignation10 facts ▸
- General meeting, 01/10/2025
- Auditor appointment, ERNST & YOUNG BEDRIJFSREVISOREN BV (commissaris)
- Director resignation, Ralf SCHAICH (bestuurder)
- Director discharge, Ralf SCHAICH
- Auditor appointment, KPMG Bedrijfsrevisoren BV (commissaris)
- Permanent representative, Steven VANBINNEBEECK
- Director appointment, Thomas HAÜSELE (bestuurder)
- Mandate compensation, Thomas HAÜSELE
- Power of attorney, Christophe PIGNOLET
- Auditor fee, 28.750 EUR, boekjaar eindigend op 31 december 2025
2025
31-12
Financial
Weakest financial yearnet €-290k
Net result drops to €-290k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
31-12
Financial
Highest result since 2018net €1.10M ▲45.9%
Operating result €1.71M, net result €1.10M, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2025
Thomas HAÜSELE
CurrentDirector · since 01-01-2025
01-01-2025
Thomas HAÜSELE: Appointed as Director
31-12-2024
Ralf Schaich: Resigned as Director
30-04-2023
Joachim Kaltmaier: Resigned as Director
31-03-2023
Ernst Wiesinger: Resigned as Director
Location & real-estate footprint
Registered office, Schaarbeek · 2 establishment units since 1994
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.
Eugène Plaskylaan 140A1030 SchaarbeekGround area
5,632 m²
Building footprint
2,327 m²
Volume, LiDAR
17,988 m³
3 parcels, Brussels, Flanders, Wallonia · tallest building 28.9 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
RECA BELUX sa nv
since 19942.233.220.508
Reca Shop
since 20082.233.219.716
3 parcels
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0385/00M002 | Flanders | 3,003 m² | 1 · 761 m² | - |
| 92067B0168/00E000 | Wallonia | 2,177 m² | 1 · 1,107 m² | 11.1 m · 2 fl. |
| 21905C0090/02F013 | Brussels | 452 m² | 1 · 459 m² | 28.9 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
2 auditors| Ernst & Young Bedrijfsrevisoren BVCurrent Statutory auditor | 23-03-2026 → present |
| KPMG Bedrijfsrevisoren BVCurrent Statutory auditor · represented by Steven VANBINNEBEECK | 23-03-2026 → present |
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NORIC
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Matermaco
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BOGAERT TRANSMISSION
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Of 824 companies in sector 46620 we hold annual accounts for 639. 444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-08-1994
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.