RECENCERE
ActiveSummary
For RECENCERE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €7,585 and a net result of €42,200. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 10634 sector peers (fiscal year 2023). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100=
Solvency45▲+45
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
20%
Return on assets
111.2%
Age of the figures
42 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 19-10-2023, 12 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
12 d early
2022
3 d early
2021
5 d early
2020
6 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€7,585
2022 · -€34,614
Total assets
€37,958▲ 449%
2022 · €6,911
Net result
€42,200▲ 19.4%
2022 · €35,343
Working capital
€7,585
2022 · -€34,614
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€21,070--€18,392▲ 12.7%-€3,991▲ 78.3%€35,658€45,312▲ 27.1%
Net result-€20,928--€18,747below the sector's middle half▲ 10.4%-€4,894below the sector's middle half▲ 73.9%€35,343within the sector's middle half€42,200above the sector's middle half▲ 19.4%
Equity-€46,317--€65,064below the sector's middle half▼ 40.5%-€69,957below the sector's middle half▼ 7.5%-€34,614below the sector's middle half▲ 50.5%€7,585below the sector's middle half
Total assets€46,894-€31,766below the sector's middle half▼ 32.3%€21,776below the sector's middle half▼ 31.4%€6,911below the sector's middle half▼ 68.3%€37,958below the sector's middle half▲ 449%
Debt€93,210-€96,830▲ 3.9%€91,733▼ 5.3%€41,526▼ 54.7%€30,373▼ 26.9%
Working capital-€81,251--€84,800below the sector's middle half▼ 4.4%-€74,496below the sector's middle half▲ 12.2%-€34,614below the sector's middle half▲ 53.5%€7,585within the sector's middle half
Solvency-98.8%--204.8%below the sector's middle half▼ 106.1pp-321.3%below the sector's middle half▼ 116.4pp-500.8%below the sector's middle half▼ 179.6pp20.0%below the sector's middle half▲ 520.8pp
Current ratio0.13-0.12below the sector's middle half=0.19below the sector's middle half▲ 0.060.17below the sector's middle half▼ 0.021.25within the sector's middle half▲ 1.08
Return on assets (ROA)-44.6%--59.0%below the sector's middle half▼ 14.4pp-22.5%below the sector's middle half▲ 36.5pp511.4%above the sector's middle half▲ 533.9pp111.2%above the sector's middle half▼ 400.2pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2023 is 27% above 2022 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €37,958
Equity
€7,585
Debt
€30,373
Debt finances 80.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€45,312▲
2022 · €40,196
Cash flow
€42,200▲
2022 · €39,882
Debt to equity
4.00
ROE
556.3%
Interest coverage
111.67▼
2022 · 741.22
Debt ≤ 1 year
€30,373▼
2022 · €41,526
Income taxes
€3,302▲
2022 · €260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,198 | €15,198 | €15,198 | €4,538 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,583 | €2,500 | ▲ 58.0% |
| Gross operating margin9900 | -€4,178 | -€1,936 | €12,566 | €41,779 | €47,813 | ▲ 14.4% |
| Operating profit (loss)9901 | -€21,070 | -€18,392 | -€3,991 | €35,658 | €45,312 | ▲ 27.1% |
| Financial income75/76B | - | - | - | €0 | €595 | - |
| Recurring financial income75 | - | - | €0 | €0 | €595 | - |
| Financial charges65/66B | - | - | - | €54 | €406 | ▲ 648% |
| Recurring financial charges65 | €64 | €54 | €640 | €54 | €406 | ▲ 648% |
| Profit (loss) for the period before taxes9903 | -€21,134 | -€18,445 | -€4,631 | €35,603 | €45,501 | ▲ 27.8% |
| Income taxes67/77 | -€206 | €302 | €263 | €260 | €3,302 | ▲ 1,168% |
| Profit (loss) for the period9904 | -€20,928 | -€18,747 | -€4,894 | €35,343 | €42,200 | ▲ 19.4% |
| Profit (loss) for the period to be appropriated9905 | -€20,928 | -€18,747 | -€4,894 | €35,343 | €42,200 | ▲ 19.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,894 | €31,766 | €21,776 | €6,911 | €37,958 | ▲ 449% |
| Fixed assets21/28 | €34,934 | €19,736 | €4,538 | €0 | - | - |
| Tangible fixed assets22/27 | €34,934 | €19,736 | €4,538 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - |
| Current assets29/58 | €11,959 | €12,030 | €17,237 | €6,911 | €37,958 | ▲ 449% |
| Amounts receivable within one year40/41 | €11,642 | €9,612 | €12,800 | €400 | €37,117 | ▲ 9,179% |
| Trade receivables40 | - | - | - | €400 | €7,956 | ▲ 1,889% |
| Other amounts receivable41 | - | - | - | €0 | €29,161 | - |
| Cash at bank and in hand54/58 | €18 | €2,418 | €3,941 | €5,947 | €254 | ▼ 95.7% |
| Deferred charges and accrued income490/1 | - | - | - | €564 | €588 | ▲ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,894 | €31,766 | €21,776 | €6,911 | €37,958 | ▲ 449% |
| Equity10/15 | -€46,317 | -€65,064 | -€69,957 | -€34,614 | €7,585 | ▲ 122% |
| Contributions10/11 | €20,000 | - | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€66,317 | -€85,064 | -€89,957 | -€54,614 | -€12,415 | ▲ 77.3% |
| Amounts payable17/49 | €93,210 | €96,830 | €91,733 | €41,526 | €30,373 | ▼ 26.9% |
| Amounts payable within one year42/48 | €93,210 | €96,830 | €91,733 | €41,526 | €30,373 | ▼ 26.9% |
| Trade debts44 | €5,051 | €3,506 | €2,048 | €1,919 | €12,110 | ▲ 531% |
| Suppliers440/4 | - | - | - | €1,919 | €12,110 | ▲ 531% |
| Taxes, remuneration and social security45 | - | - | - | €2,537 | €12,179 | ▲ 380% |
| Taxes450/3 | - | - | - | €2,537 | €12,179 | ▲ 380% |
| Other amounts payable47/48 | - | - | - | €37,070 | €6,084 | ▼ 83.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,928 | -€18,747 | -€4,894 | €35,343 | €42,200 | ▲ 19.4% |
| + Depreciation and write-downs630 | €15,198 | €15,198 | €15,198 | €4,538 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€5,730 | -€3,549 | €10,304 | €39,882 | €42,200 | ▲ 5.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €2,400 | €1,524 | €2,005 | -€5,693 | ▼ 384% |
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
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €42,200 ▲19.4%
Operating result €45,312, net result €42,200, both a record.
31-03
Financial
Liquidity times 8current ratio 1.25
Current ratio from 0.17 to 1.25; short-term debt falls from €41,526 to €30,373.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €35,343
Net result €35,343 after 3 loss-making years.
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2016
Ground area
2,834 m²
Building footprint
1,409 m²
Volume, LiDAR
7,842 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lindestraat 27, 8870 Izegem
since 20162.255.889.012
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0205/00N002 | Flanders | 2,657 m² | 1 · 1,333 m² | 10.3 m · 2 fl. |
| 36494D0205/00H002 | Flanders | 178 m² | 1 · 76 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
COREX AUTO CONSULT
BE 1013.367.215
Ecaussinnes · Eq €7,512
Power Generating Technologies
BE 0663.531.270
Essen · Eq €7,499
2E CONSULT
BE 0741.960.126
Ecaussinnes · Eq €7,694
Axium Consult SRL
BE 0804.740.605
Namur · Eq €7,443
Ariadne
BE 0795.896.876
Antwerpen · Eq €7,421
Of 2,148 companies in this sector we hold annual accounts for 1,090. 415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded20-07-2016
Fiscal year end31-03
Activities, NACEBEL 2025
71209Other technical testing and analysis
77400Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659821516
Registered
02-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.