RECAM
ActiveSummary
RECAM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207,747 and a net result of -€2,456. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+4
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 11.77 against 26.79 in 2024; short-term debt: 2.2% and cash: 24.5% of total assets), and 2.2% of the assets are financed with debt.
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Signals
Four 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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
2 d late
2022
on the day
2021
6 d late
2020
2 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 2 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€207,747▼ 1.2%
2024 · €210,204
Total assets
€212,378▼ 0.4%
2024 · €213,293
Net result
-€2,456▲ 11.6%
2024 · -€2,778
Working capital
€49,870▼ 37.4%
2024 · €79,691
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,141▲ 77.6%-€3,657▲ 11.7%-€705▲ 80.7%-€2,227▼ 216%-€3,685▼ 65.5%
Net result-€4,201▲ 77.2%-€1,548▲ 63.2%€327-€2,778-€2,456▲ 11.6%
Equity€214,203▼ 1.9%€212,655▼ 0.7%€212,982▲ 0.2%€210,204▼ 1.3%€207,747▼ 1.2%
Total assets€216,520▼ 1.9%€217,217▲ 0.3%€215,307▼ 0.9%€213,293▼ 0.9%€212,378▼ 0.4%
Debt€2,317▼ 3.6%€4,562▲ 96.9%€2,325▼ 49.0%€3,090▲ 32.9%€4,630▲ 49.9%
Working capital€62,428▲ 1.4%€74,949▲ 20.1%€80,240▲ 7.1%€79,691▼ 0.7%€49,870▼ 37.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,685 in 2025 against €2,227 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,378
Fixed assets
€157,878 ▲ 21.0%
Current assets
€54,500 ▼ 34.2%
Equity and liabilities €212,378
Equity
€207,747 ▼ 1.2%
Debt
€4,630 ▲ 49.9%
Debt's share of the balance-sheet total rises from 1.4% to 2.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€315▲
2024 · €285
Cash flow
€1,543▲
2024 · -€266
Current ratio
11.77▼
2024 · 26.79
Debt to equity
0.02▲
2024 · 0.01
ROE
-1.2%▲
2024 · -1.3%
ROA
-1.2%▲
2024 · -1.3%
Interest coverage
1.39▲
2024 · 1.00
Debt ≤ 1 year
€4,630▲
2024 · €3,090
Income taxes
€239▼
2024 · €2,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,066 | €5,065 | €5,065 | €2,512 | €4,000 | ▲ 59.2% |
| Other operating charges640/8 | - | €460 | €928 | €982 | €1,593 | ▲ 62.2% |
| Gross operating margin9900 | €1,365 | €1,868 | €5,288 | €1,267 | €1,908 | ▲ 50.6% |
| Operating profit (loss)9901 | -€4,141 | -€3,657 | -€705 | -€2,227 | -€3,685 | ▼ 65.5% |
| Financial income75/76B | - | €2,266 | €2,586 | €2,447 | €1,694 | ▼ 30.8% |
| Recurring financial income75 | €18 | €2,266 | €2,586 | €2,447 | €1,694 | ▼ 30.8% |
| Financial charges65/66B | - | €156 | €1,537 | €286 | €227 | ▼ 20.8% |
| Recurring financial charges65 | €78 | €156 | €1,537 | €286 | €227 | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | -€4,201 | -€1,548 | €343 | -€66 | -€2,217 | ▼ 3,251% |
| Income taxes67/77 | - | - | €16 | €2,712 | €239 | ▼ 91.2% |
| Profit (loss) for the period9904 | -€4,201 | -€1,548 | €327 | -€2,778 | -€2,456 | ▲ 11.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,201 | -€1,548 | €327 | -€2,778 | -€2,456 | ▲ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,520 | €217,217 | €215,307 | €213,293 | €212,378 | ▼ 0.4% |
| Fixed assets21/28 | €151,775 | €137,706 | €132,742 | €130,512 | €157,878 | ▲ 21.0% |
| Tangible fixed assets22/27 | €35,449 | €30,383 | €25,318 | €22,806 | €48,806 | ▲ 114% |
| Land and buildings22 | - | €26,107 | €24,025 | €21,944 | €48,375 | ▲ 120% |
| Plant, machinery and equipment23 | - | €1,723 | €1,292 | €862 | €431 | ▼ 50.0% |
| Furniture and vehicles24 | - | €2,553 | - | - | - | - |
| Financial fixed assets28 | €116,326 | €107,322 | €107,424 | €107,707 | €109,072 | ▲ 1.3% |
| Current assets29/58 | €64,745 | €79,512 | €82,565 | €82,781 | €54,500 | ▼ 34.2% |
| Amounts receivable within one year40/41 | €785 | €586 | €688 | €2,052 | €2,561 | ▲ 24.8% |
| Trade receivables40 | - | €117 | - | €637 | €637 | = |
| Other amounts receivable41 | - | €469 | €688 | €1,415 | €1,925 | ▲ 36.0% |
| Cash at bank and in hand54/58 | €63,959 | €78,926 | €81,877 | €80,729 | €51,939 | ▼ 35.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,520 | €217,217 | €215,307 | €213,293 | €212,378 | ▼ 0.4% |
| Equity10/15 | €214,203 | €212,655 | €212,982 | €210,204 | €207,747 | ▼ 1.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €151,587 | €151,587 | €151,587 | €151,587 | €151,587 | = |
| Non-distributable reserves130/1 | - | €7,440 | €7,440 | €7,440 | €7,440 | = |
| Reserves not available under the articles1311 | - | €7,440 | €7,440 | €7,440 | €7,440 | = |
| Distributable reserves133 | - | €144,147 | €144,147 | €144,147 | €144,147 | = |
| Profit (loss) carried forward14 | €44,015 | €42,468 | €42,795 | €40,016 | €37,560 | ▼ 6.1% |
| Amounts payable17/49 | €2,317 | €4,562 | €2,325 | €3,090 | €4,630 | ▲ 49.9% |
| Amounts payable within one year42/48 | €2,317 | €4,562 | €2,325 | €3,090 | €4,630 | ▲ 49.9% |
| Trade debts44 | €2,317 | €2,536 | €300 | €308 | €2,138 | ▲ 595% |
| Suppliers440/4 | - | €2,536 | €300 | €308 | €2,138 | ▲ 595% |
| Other amounts payable47/48 | - | €2,026 | €2,026 | €2,782 | €2,493 | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,201 | -€1,548 | €327 | -€2,778 | -€2,456 | ▲ 11.6% |
| + Depreciation and write-downs630 | €5,066 | €5,065 | €5,065 | €2,512 | €4,000 | ▲ 59.2% |
| Operating cash flow (approximation) | €865 | €3,518 | €5,392 | -€266 | €1,543 | ▲ 680% |
| Investment in fixed assets (approximation) | - | €9,004 | -€102 | -€282 | -€31,365 | ▼ 11,009% |
| Change in cash | - | €14,967 | €2,951 | -€1,148 | -€28,790 | ▼ 2,408% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
30-06
Financial
Back to profitnet €327
Net result €327 after 4 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 35.50
Current ratio from 17.43 to 35.50; short-term debt falls from €4,562 to €2,325.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 6 days late
2021
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Weakest financial yearnet -€18,422
Net result drops to -€18,422, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
28-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Temse · 3 establishment units since 1990
Ground area
1,904 m²
Building footprint
792 m²
Volume, LiDAR
3,824 m³
3 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
E.N.S. + G.R.G.
since 19902.049.019.387
WASE KOOPJESHAL
since 19932.049.019.486
WASE KOOPJESHAL
since 19952.049.019.288
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D0716/00C007 | Flanders | 1,010 m² | 1 · 473 m² | 7.5 m · 2 fl. |
| 46023C0080/00R000 | Flanders | 760 m² | 1 · 249 m² | 6.5 m · 1 fl. |
| 46443E1455/00D005indicative | Flanders | 135 m² | 1 · 70 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-1990
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.