RECAP Estate Management
The computed 12-month bankruptcy probability of RECAP Estate Management is 2.3% (moderate). The 2024 annual accounts show equity of €461 and a net result of €-5k. Equity is shrinking by ~32.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 33% of 4970 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €461 |
| Net result | €-5k |
| Better than sector | 33% |
| Active | 4 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.6% | 16.7% | |
| Net result | €-5k | €2k | |
| Equity | €461 | €27k | |
| Gross operating margin | €411 | €27k | |
| Staff costs | €4k | €20k |
Show 9 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-4k |
| Net profit | €-5k |
| Cash flow | €-4k |
| Staff costs | €4k |
| Income taxes | - |
| Dividends | - |
| Total assets | €17k |
| Equity | €461 |
| Debt | €17k |
| of which ≤ 1y | €17k |
| of which > 1y | - |
| Working capital | €-5k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.72 |
| Quick ratio | 0.72 |
| Working capital ratio | -27.4% |
| Solvency | 2.6% |
| Debt / equity | 36.76 |
| Long-term debt ratio | - |
| Interest coverage | -8.55 |
| Gross margin | - |
| Net margin | - |
| ROA | -30.5% |
| ROE | -1151.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (20 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €17k |
| Fixed assets | 21/28 | €5k |
| Tangible fixed assets | 22/27 | €5k |
| Current assets | 29/58 | €12k |
| Amounts receivable within one year | 40/41 | €7k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €17k |
| Equity | 10/15 | €461 |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €-6k |
| Amounts payable | 17/49 | €17k |
| Amounts payable within one year | 42/48 | €17k |
| Trade debts payable within one year | 44 | €11k |
| Income statement | ||
| Gross operating margin | 9900 | €411 |
| Operating result | 9901 | €-5k |
| Financial income | 75 | €23 |
| Financial charges | 65 | €430 |
| Result before taxes | 9903 | €-5k |
| Net result for the period | 9904 | €-5k |
| Result to be appropriated | 9905 | €-5k |
-
BIVLegal entityDirector· perm. rep.: LAROCHE Vincent Eugène Guillaume JacquesState Gazette act 24178858 (20-12-2024)Current20-12-2024 → present
-
Adrien De ClercqDirectorState Gazette act 24114669 (30-07-2024)Current30-07-2024 → present
Former directors (2)
-
Anthony HamzoDirectorState Gazette act 24114669 (30-07-2024)Former30-07-2024 → 20-12-2024
2 events
- 20-12-2024 Resigned· Director
- 30-07-2024 Appointed· Director
-
Bornet GregoryDirectorState Gazette act 24114669 (30-07-2024)Former- → 30-07-2024
| NACE primary | Activiteiten van syndici van onroerend goed(68321) |
| Legal form | Private limited company(610) |
| Incorporation | 01-04-2022 |
| Status | Active |
| Postal code | 1050 |
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. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
24-07-2025 Registered office moved within Elsene
- Louizalaan 343 – 1050 Elsene → Louizalaan 231 -1050 Elsene
Technical details
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"raw": "Louizalaan 231 -1050 Elsene",
"city": "Elsene",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Louizalaan",
"country": "BE",
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"box_number": null,
"street_number": "231",
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},
"old_address": {
"raw": "Louizalaan 343 \u2013 1050 Elsene",
"city": "Elsene",
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"street": "Louizalaan",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "343",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "De algemene vergadering beslist unaniem de zetel te verplaatsen vanaf heden naar Louizalaan 231 -1050 Elsene",
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}
],
"notary": {
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"office_city": "Brussel",
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},
"act_meta": {
"language": "nl",
"pub_date": "2025-07-24",
"filing_date": "2025-07-16",
"act_kind_objet": "Zetel"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2025-06-25",
"unanimous": true
},
"subject_company": {
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"person_role_at_subject": "Lasthebber"
},
"co_filed_documents": [
"Uittreksel van het verslag van de buitengewone algemene vergadering op 25 juni 2025"
]
}20-12-2024 2 directors appointed, 1 resigning
- LAROCHE Vincent Eugène Guillaume Jacques, Bestuurder
- LAROCHE Vincent, Dagelijks bestuur
- Anthony Hamzo, Bestuurder
Technical details
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"evidence_quote": "De Algemene Vergadering neemt kennis van het ontslag als bestuurder van de heer Anthony Hamzo.",
"decharge_status": null,
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{
"kind": "director_in",
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"person": {
"rrn": "511.866",
"name": "LAROCHE Vincent Eug\u00E8ne Guillaume Jacques",
"address": "1490 Court Saint Etienne, Dr\u00E8ve des Deux Bois, 29",
"birth_date": "1965-09-10",
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"birth_place": "Brussel"
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"evidence_quote": "LAROCHE Vincent Eug\u00E8ne Guillaume Jacques, geboren te Brussel op 10 september 1965, wonende te 1490 Court Saint Etienne, Dr\u00E8ve des Deux Bois, 29, bestuurder van het BIV, erkend onder nummer 511.866, wordt benoemd tot bestuurder uitsluitend voor handelingen met betrekking tot de door het BIV geregleme",
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"mandate_duration": {
"kind": "until_agm_year",
"value": "2024"
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{
"kind": "delegation_dagelijks_bestuur_in",
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"rrn": null,
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"evidence_quote": "De bestuurders benoemen de heer LAROCHE Vincent tot bestuurder die uitsluitend verantwoordelijk is voor het dagelijks beheer van de gereglementeerde vastgoedactiviteiten, met inbegrip van de door het IP gereglementeerde activiteiten.",
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{
"kind": "decharge_granted",
"role": null,
"person": {
"rrn": null,
"name": "J. Jordens",
"address": null,
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"statutory": null,
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"evidence_quote": "De algemene vergadering aanvaardt met eenparigheid van stemmen om J. Jordens bv / Marion de Crombrugghe te machtigen om alle stappen te ondernemen in verband met deze vergadering, met inbegrip van de ondertekening van de formulieren die bestemd zijn voor de publicatie in het Belgisch Staatsblad.",
"decharge_status": "granted",
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],
"notary": {
"name": null,
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"office_city": "Brussel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2024-12-10",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-12-10",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0784.389.609",
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"org_kbo": null,
"org_name": "J. Jordens bv",
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"org_rep_person_name": "Marion de Crombrugghe",
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},
"co_filed_documents": [],
"corrected_publication_numac": null
}20-09-2024 Registered office moved from Dilbeek to Elsene
- Koeivijverstraat 65 - 1700 Dilbeek → Louizalaan 343 - 1050 Elsene
Technical details
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"seat_type": "combined",
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"region": "brussels_hoofdstedelijk_gewest",
"street": "Louizalaan",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "343",
"locality_suffix": null
},
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"raw": "Koeivijverstraat 65 - 1700 Dilbeek",
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"region": "vlaams_gewest",
"street": "Koeivijverstraat",
"country": "BE",
"postcode": "1700",
"box_number": null,
"street_number": "65",
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},
"effective_date": "2024-09-01",
"evidence_quote": "",
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],
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},
"act_meta": {
"language": "nl",
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"filing_date": "2024-09-12",
"act_kind_objet": "Zetel"
},
"decision": {
"body": "algemene_vergadering",
"date": "2024-09-12",
"unanimous": true
},
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},
"co_filed_documents": [
"Annexes du Moniteur belge"
]
}30-07-2024 2 directors appointed, 1 resigning
- Adrien De Clercq, Bestuurder
- Anthony Hamzo, Bestuurder
- Bornet Gregory, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Bornet Gregory",
"address": null,
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},
"reason": "de_plein_droit_dissolution",
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"evidence_quote": "De buitengewone algemene vergadering van vandaag heeft met algemene stemmen besloten het ontslag van de heer Bornet Gregory als bestuurder te aanvaarden.",
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],
"notary": {
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},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-30",
"filing_date": "2024-07-22",
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},
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{
"body": "buitengewone_algemene_vergadering",
"date": "2024-03-20",
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}
],
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},
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}| Legal nameNL | RECAP Estate Management |