Skip to content

RECEPTEL

Active
Public limited companyfounded 199333 yrs activeEiermarkt 13-15-17, 2000 Antwerpen, BelgiumKBO/BCE: BE 0450.149.482
Summary

RECEPTEL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€22,991) and a net result of -€178,241. Equity is shrinking by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability14▲+1
Solvency24▼-9
Growth27▼-1
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.91 against 0.99 in 2024; short-term debt: 99.3% and cash: 10.8% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2025
Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-9.3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€22,991
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 d early
2024
106 d early
2023
125 d early
2022
60 d late
2021
41 d early
2020
36 d early
2019
46 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 20 June (4 of the last 5 filed years within 83 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

RECEPTEL was incorporated on 4 June 1993.1 The registered office was moved to Antwerpen in 2023.2 The board currently has 2 members; Sophie Auger Mongenot has served longest, since 2024.3 Revenue fell from EUR 11 million in 2018 to EUR 7.6 million in 2025 and headcount from 195 to 110 full-time equivalents.4

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 12-07-2023
  3. 3Belgian State Gazette, 22-07-2024
  4. 4National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
€7.6m▼ 14.8%
2024 · €8.9m
EBIT margin
-0.3%▲ 0.5pp
2024 · -0.7%
Net result
-€178,241▼ 14.8%
2024 · -€155,268
Working capital
-€181,449▼ 996%
2024 · -€16,551
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€7.7m▼ 3.9%€9.4m▲ 21.9%€10.4m▲ 10.7%€8.9m▼ 14.5%€7.6m▼ 14.8%
Operating result€639,136€501,953▼ 21.5%-€23,139-€66,343▼ 187%-€22,459▲ 66.1%
Net result€448,769within the sector's middle half€316,381within the sector's middle half▼ 29.5%-€146,680below the sector's middle half-€155,268below the sector's middle half▼ 5.9%-€178,241below the sector's middle half▼ 14.8%
EBIT margin8.3%▲ 21.6pp5.4%▼ 3.0pp-0.2%▼ 5.6pp-0.7%▼ 0.5pp-0.3%▲ 0.5pp
Equity€1.2mwithin the sector's middle half▲ 63.2%€457,199within the sector's middle half▼ 60.6%€310,518within the sector's middle half▼ 32.1%€155,250within the sector's middle half▼ 50.0%-€22,991below the sector's middle half
Total assets€2.8mwithin the sector's middle half▲ 10.9%€2.3mwithin the sector's middle half▼ 18.1%€2.4mwithin the sector's middle half▲ 7.3%€2.0mwithin the sector's middle half▼ 15.9%€1.9mwithin the sector's middle half▼ 5.7%
Debt€1.6m▲ 1.9%€1.8m▲ 12.7%€2.1m▲ 17.3%€1.9m▼ 10.9%€1.9m▲ 3.3%
Working capital€1.2mwithin the sector's middle half▲ 20.2%€461,452within the sector's middle half▼ 61.2%€241,523within the sector's middle half▼ 47.7%-€16,551below the sector's middle half-€181,449below the sector's middle half▼ 996%
Solvency42.0%within the sector's middle half▲ 13.5pp20.2%within the sector's middle half▼ 21.8pp12.8%within the sector's middle half▼ 7.4pp7.6%below the sector's middle half▼ 5.2pp-1.2%below the sector's middle half▼ 8.8pp
Current ratio1.76within the sector's middle half▲ 0.101.26within the sector's middle half▼ 0.501.12within the sector's middle half▼ 0.140.99below the sector's middle half▼ 0.130.91below the sector's middle half▼ 0.09
Return on assets (ROA)16.3%above the sector's middle half▲ 61.5pp14.0%above the sector's middle half▼ 2.3pp-6.0%below the sector's middle half▼ 20.0pp-7.6%below the sector's middle half▼ 1.6pp-9.3%below the sector's middle half▼ 1.7pp
Staff (FTE)138within the sector's middle half▼ 21.0%148within the sector's middle half▲ 7.2%153.7within the sector's middle half▲ 3.9%129.3within the sector's middle half▼ 15.9%110within the sector's middle half▼ 14.9%
above within below the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€250,000€0€250,000€500,000€750,000Operating result 2021: €639,136€639,136Net result 2021: €448,769€448,769Operating result 2022: €501,953€501,953Net result 2022: €316,381€316,381Operating result 2023: -€23,139-€23,139Net result 2023: -€146,680-€146,680Operating result 2024: -€66,343-€66,343Net result 2024: -€155,268-€155,268Operating result 2025: -€22,459-€22,459Net result 2025: -€178,241-€178,24120212022202320242025-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€23,139-€23,100Net result 2023: -€146,680-€147,000Operating result 2024: -€66,343-€66,300Net result 2024: -€155,268-€155,000Operating result 2025: -€22,459-€22,500Net result 2025: -€178,241-€178,000202320242025
The operating result stays negative: a loss of €22,459 in 2025 against €66,343 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets €195,295 ▼ 7.1%
Current assets €1.7m ▼ 5.5%
Key figures and ratios
2025 value · change against 2024
EBITDA
€38,445▲
2024 · -€19,116
Cash flow
-€117,337▼
2024 · -€108,041
Debt to equity
-84.74▼
2024 · 12.15
Interest coverage
0.34▲
2024 · -0.30
Debt ≤ 1 year
€1.9m▲
2024 · €1.8m
Income taxes
€37,269▲
2024 · €15,782
Staff costs
€5.3m▼
2024 · €6.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 139 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.

  • Medium-sized
  • 20 years or older
  • negative equity
  • a small loss
2.2% went bankrupt
2.2% stopped otherwise
96% still going

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.0m€1.9m▼
Fixed assets21/28€210,218€195,295▼
Tangible fixed assets22/27€192,538€177,915▼
Plant, machinery and equipment23€89,355€80,777▼
Furniture and vehicles24€103,183€97,138▼
Financial fixed assets28€17,680€17,380▼
Other financial fixed assets284/8€17,680€17,380▼
Amounts receivable and cash guarantees285/8€17,680€17,380▼
Current assets29/58€1.8m€1.7m▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.5m€1.5m▲
Trade receivables40€1.3m€1.5m▲
Other amounts receivable41€122,215€413▼
Cash at bank and in hand54/58€334,539€207,661▼
Deferred charges and accrued income490/1€45,234€66,744▲
Equity and liabilities
Total equity and liabilities10/49€2.0m€1.9m▼
Equity10/15€155,250-€22,991▼
Contributions10/11€125,062€125,062=
Capital10€125,062€125,062=
Issued capital100€125,062€125,062=
Reserves13€15,755€15,755=
Non-distributable reserves130/1€12,506€12,506=
Legal reserve130€12,506€12,506=
Distributable reserves133€3,249€3,249=
Profit (loss) carried forward14€14,433-€163,808▼
Amounts payable17/49€1.9m€1.9m▲
Amounts payable within one year42/48€1.8m€1.9m▲
Trade debts44€664,697€752,399▲
Suppliers440/4€664,697€752,399▲
Taxes, remuneration and social security45€1.2m€859,647▼
Taxes450/3€172,853€211,784▲
Remuneration and social security454/9€1.0m€647,863▼
Other amounts payable47/48-€299,316
Accrued charges and deferred income492/3€38,417€36,837▼
Income statement Code20242025
Operating income70/76A€9.0m€7.7m▼
Turnover70€8.9m€7.6m▼
Other operating income74€137,363€115,520▼
Non-recurring operating income76A€0-
Operating charges60/66A€9.1m€7.7m▼
Services and other goods61€2.7m€2.4m▼
Remuneration, social security and pensions62€6.3m€5.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,227€60,904▲
Other operating charges640/8€330€637▲
Operating profit (loss)9901-€66,343-€22,459▲
Financial income75/76B€0-
Recurring financial income75€0-
Other financial income752/9€0-
Financial charges65/66B€73,143€118,512▲
Recurring financial charges65€73,143€118,512▲
Debt charges650€63,965€113,402▲
Other financial charges652/9€9,178€5,110▼
Profit (loss) for the period before taxes9903-€139,486-€140,972▼
Income taxes67/77€15,782€37,269▲
Taxes670/3€15,782€37,269▲
Profit (loss) for the period9904-€155,268-€178,241▼
Profit (loss) for the period to be appropriated9905-€155,268-€178,241▼
Appropriation of the result
Profit (loss) to be appropriated9906€14,433-€163,808▼
Profit (loss) brought forward from the previous period14P€169,702€14,433▼
Social balance
Average headcount (FTE)9087129.3110.0▼

The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€8.3m€9.6m€10.5m€9.0m€7.7m▼ 14.8%
Turnover70€7.7m€9.4m€10.4m€8.9m€7.6m▼ 14.8%
Other operating income74€191,489€220,599€111,759€137,363€115,520▼ 15.9%
Non-recurring operating income76A€435,506€0€3,555€0--
Operating charges60/66A€7.7m€9.1m€10.5m€9.1m€7.7m▼ 15.2%
Services and other goods61€2.3m€2.7m€3.1m€2.7m€2.4m▼ 12.9%
Remuneration, social security and pensions62€5.3m€6.3m€7.4m€6.3m€5.3m▼ 16.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€254€5,172€47,227€60,904▲ 29.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7,260-€7,260€0---
Other operating charges640/8€38,259€49,322€217€330€637▲ 92.9%
Operating profit (loss)9901€639,136€501,953-€23,139-€66,343-€22,459▲ 66.1%
Financial income75/76B€1€685€36€0--
Recurring financial income75€1€685€36€0--
Other financial income752/9€1€685€36€0--
Financial charges65/66B€36,412€37,289€44,272€73,143€118,512▲ 62.0%
Recurring financial charges65€36,412€37,289€44,272€73,143€118,512▲ 62.0%
Debt charges650€33,418€34,396€40,693€63,965€113,402▲ 77.3%
Other financial charges652/9€2,994€2,892€3,579€9,178€5,110▼ 44.3%
Profit (loss) for the period before taxes9903€602,725€465,349-€67,376-€139,486-€140,972▼ 1.1%
Income taxes67/77€153,957€148,968€79,304€15,782€37,269▲ 136%
Taxes670/3€154,509€152,243€79,304€15,782€37,269▲ 136%
Tax adjustments and reversals of tax provisions77€552€3,275€0---
Profit (loss) for the period9904€448,769€316,381-€146,680-€155,268-€178,241▼ 14.8%
Profit (loss) for the period to be appropriated9905€448,769€316,381-€146,680-€155,268-€178,241▼ 14.8%
Line20212022202320242025Change
Assets
Total assets20/58€2.8m€2.3m€2.4m€2.0m€1.9m▼ 5.7%
Fixed assets21/28-€11,538€114,985€210,218€195,295▼ 7.1%
Tangible fixed assets22/27-€11,538€96,205€192,538€177,915▼ 7.6%
Plant, machinery and equipment23--€11,413€89,355€80,777▼ 9.6%
Furniture and vehicles24-€11,538€84,791€103,183€97,138▼ 5.9%
Financial fixed assets28--€18,780€17,680€17,380▼ 1.7%
Other financial fixed assets284/8--€18,780€17,680€17,380▼ 1.7%
Amounts receivable and cash guarantees285/8--€18,780€17,680€17,380▼ 1.7%
Current assets29/58€2.8m€2.2m€2.3m€1.8m€1.7m▼ 5.5%
Stocks and contracts in progress3-€0€0€0€0-
Amounts receivable within one year40/41€2.6m€1.7m€2.1m€1.5m€1.5m▲ 0.3%
Trade receivables40€1.5m€1.7m€2.1m€1.3m€1.5m▲ 9.5%
Other amounts receivable41€1.0m€422€413€122,215€413▼ 99.7%
Cash at bank and in hand54/58€1,320€424,430€140,796€334,539€207,661▼ 37.9%
Deferred charges and accrued income490/1€164,985€138,125€93,723€45,234€66,744▲ 47.6%
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.3m€2.4m€2.0m€1.9m▼ 5.7%
Equity10/15€1.2m€457,199€310,518€155,250-€22,991▼ 115%
Contributions10/11€125,062€125,062€125,062€125,062€125,062=
Capital10€125,062€125,062€125,062€125,062€125,062=
Issued capital100€125,062€125,062€125,062€125,062€125,062=
Reserves13€398,440€15,755€15,755€15,755€15,755=
Non-distributable reserves130/1€12,506€12,506€12,506€12,506€12,506=
Legal reserve130€12,506€12,506€12,506€12,506€12,506=
Distributable reserves133€385,934€3,249€3,249€3,249€3,249=
Profit (loss) carried forward14€635,456€316,382€169,702€14,433-€163,808▼ 1,235%
Amounts payable17/49€1.6m€1.8m€2.1m€1.9m€1.9m▲ 3.3%
Amounts payable within one year42/48€1.6m€1.8m€2.1m€1.8m€1.9m▲ 3.5%
Trade debts44€282,912€489,909€720,921€664,697€752,399▲ 13.2%
Suppliers440/4€282,912€489,909€720,921€664,697€752,399▲ 13.2%
Taxes, remuneration and social security45€1.3m€1.3m€1.3m€1.2m€859,647▼ 27.3%
Taxes450/3€321,405€423,528€370,669€172,853€211,784▲ 22.5%
Remuneration and social security454/9€965,499€859,181€977,534€1.0m€647,863▼ 35.8%
Other amounts payable47/48-€14,783€0-€299,316-
Accrued charges and deferred income492/3€30,156€15,791€45,989€38,417€36,837▼ 4.1%
Line20212022202320242025Change
Profit (loss) for the period9904€448,769€316,381-€146,680-€155,268-€178,241▼ 14.8%
+ Depreciation and write-downs630-€254€5,172€47,227€60,904▲ 29.0%
Operating cash flow (approximation)€448,769€316,635-€141,508-€108,041-€117,337▼ 8.6%
Investment in fixed assets (approximation)---€108,619-€142,460-€45,981▲ 67.7%
Change in cash-€423,110-€283,634€193,743-€126,879▼ 165%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
10-02
State Gazette act Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Ömer Turna3 facts ▸
  • General meeting, 29/02/2024
  • Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Ömer Turna
2025
13-06
State Gazette act Resignation: Michael Bouwens (director)
Appointment: Patrick Thélot (director) · Director discharge4 facts ▸
  • Shareholder decision, 07/05/2025
  • Director resignation, Michael Bouwens (director)
  • Director discharge, Michael Bouwens (director)
  • Director appointment, Patrick Thélot (director)
16-04
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
22-07
State Gazette act Resignation: Guillaume Amar (director)
Appointment: Sophie Auger Mongenot (director)3 facts ▸
  • General meeting, 05/06/2024
  • Director resignation, Guillaume Amar (director)
  • Director appointment, Sophie Auger Mongenot (director)
05-04
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 05/02/2024
  • Power of attorney, Christophe Lenaers
28-03
NBB filing Annual accounts filed
fiscal year 2023 · full schema
29-02
State Gazette act Registered office
Registered-office move · Power of attorney3 facts ▸
  • Board meeting, 01/12/2023
  • Registered-office move, Eiermarkt 13-15-17, 2000 Antwerpen
  • Power of attorney, Monard Law BV
2023
29-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 60 days late
12-07
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 21/06/2023
  • Registered-office move, Borsbeeksebrug 34/1, 2600 Antwerpen
11-07
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Power of attorney, Caroline Saeremans
  • Power of attorney, Caroline Saeremans
17-01
State Gazette act Appointments: An Aelbrecht, Q-Finance BV and 2 others
Permanent representative: Erik De Cock · Resignations: Scheerlinck Consulting BV, Q-Finance BV and 2 others · Registered-office move14 facts ▸
  • General meeting, 07/06/2022
  • Director appointment, An Aelbrecht (director)
  • Director appointment, Q-Finance BV (director)
  • Permanent representative, Erik De Cock
  • General meeting, 02/12/2022
  • Director resignation, Scheerlinck Consulting BV (director)
  • Director resignation, Q-Finance BV (director)
  • Director resignation, An Aelbrecht (director)
  • Director resignation, Wendy Goeminne (director)
  • Director appointment, Michael Bouwens (director)
  • Director appointment, Guillaume Amar (director)
  • Board meeting, 02/12/2022
  • +2 further facts in this act
Show earlier events
11-01
State Gazette act Capital & shares
Share transfer1 fact ▸
  • Share transfer, Receptel → Unique
2022
20-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
10-02
State Gazette act Appointment: Goeminne Wendy (director)
2 facts ▸
  • General meeting, 07/06/2021
  • Director appointment, Goeminne Wendy (director)
07-01
State Gazette act Resignation: Rob Zandbergen (director)
Permanent representatives: Erik De Cock and Katty Scheerlinck4 facts ▸
  • General meeting, 30/11/2021
  • Director resignation, Rob Zandbergen (director)
  • Permanent representative, Erik De Cock
  • Permanent representative, Katty Scheerlinck
2021
31-12
Financial Back to profitnet €448,769
Net result €448,769 after one loss-making year.
31-12
Financial Equity above €1mEq €1.2m ▲63.2%
Equity rises from €710,189 to €1.2m.
25-06
State Gazette act Appointment: EY Bedrijfsrevisoren (statutory auditor)
Permanent representative: Ömer Turna3 facts ▸
  • General meeting, 07/06/2021
  • Auditor appointment, EY Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Ömer Turna (representative)
25-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
25-05
State Gazette act Resignation: Katty Scheerlinck (director)
Appointment: BV Scheerlinck Consulting (director) · Permanent representative: Katty Scheerlinck4 facts ▸
  • General meeting, 30/04/2021
  • Director resignation, Katty Scheerlinck (director)
  • Director appointment, BV Scheerlinck Consulting (director)
  • Permanent representative, Katty Scheerlinck
2020
31-12
Financial Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series; recovery starts the following year.
11-12
State Gazette act Purpose · Statutes amendment
Purpose change · Power of attorney7 facts ▸
  • General meeting, 27 november 2020
  • Purpose change, De vergadering besliste om de omschrijving van het voorwerp ... te wijzigen en meer bepaald uit te breiden en te actualiseren
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Power of attorney, VAN HOVE Veronique
  • Power of attorney, AD-Ministerie
15-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Highest result since 2018net €623,333 ▲28.8%
Operating result €1.0m, net result €623,333, both a record.
19-07
State Gazette act Reappointments: Katty SCHEERLINCK (director) and Rob ZANDBERGEN (director)
3 facts ▸
  • General meeting, 03/06/2019
  • Director reappointment, Katty SCHEERLINCK (director)
  • Director reappointment, Rob ZANDBERGEN (director)
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
18-06
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 15/05/2019
  • Power of attorney, Hanne Beckers
2018
06-12
State Gazette act Resignation: PriceWaterhouseCoopers Bedrijfsrevisoren BCVBA (statutory auditor)
Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Permanent representatives: Peter Van den Eynde and Ömer Turna5 facts ▸
  • General meeting, 05/10/2018
  • Auditor resignation, PriceWaterhouseCoopers Bedrijfsrevisoren BCVBA (statutory auditor)
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Permanent representative, Peter Van den Eynde
  • Permanent representative, Ömer Turna
30-11
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 31/10/2018
  • Power of attorney, Hanne Beckers
04-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
20-02
State Gazette act Resignations: Motohara Hitoshi, Koji Sakamoto and 3 others
Appointments: Q-Finance (director) and An Aelbrecht (director) · Permanent representative: Erik De Cock · Mandate compensation13 facts ▸
  • General meeting, 22/01/2018
  • Director resignation, Motohara Hitoshi (director)
  • Director resignation, Koji Sakamoto (director)
  • Director resignation, Takashi Nishimura (director)
  • Director resignation, Alan Graeme Maude (director)
  • Director resignation, Leen Geirnaerdt (director)
  • Director appointment, Q-Finance (director)
  • Permanent representative, Erik De Cock
  • Director appointment, An Aelbrecht (director)
  • Mandate compensation, Q-Finance
  • Mandate compensation, An Aelbrecht
  • Power of attorney, Kristof Mangelschots
  • +1 further facts in this act
2017
27-10
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 29/09/2017
  • Power of attorney, Kristof Mangelschots
  • Power of attorney, Kristof Mangelschots
27-10
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 29/09/2017
  • Power of attorney, Carine Saeremans
  • Power of attorney, Carine Saeremans
18-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 18 days late
17-05
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 28/04/2017
  • Power of attorney, Tom Cardinaels
2016
22-11
State Gazette act Appointments: Motohara Hitoshi, Takashi Nishimura and 2 others
Resignation: Katty Scheerlinck (managing director)7 facts ▸
  • General meeting, 31/10/2016
  • Director appointment, Motohara Hitoshi (director)
  • Director appointment, Takashi Nishimura (director)
  • Director appointment, Koji Sakamoto (director)
  • Director appointment, Alan Graeme Maude (director)
  • Board meeting, 31/10/2016
  • Director resignation, Katty Scheerlinck (managing director)
03-06
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 01/04/2016
  • Power of attorney, Carine Saeremans
09-05
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 01/04/2016
  • Power of attorney, An Aelbrecht
17-03
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 01/02/2016
  • Power of attorney, Erik De Cock
2015
17-12
State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Peter Van den Eynde3 facts ▸
  • General meeting, 29/05/2015
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Peter Van den Eynde
27-10
State Gazette act Capital & shares
Statutes amendment2 facts ▸
  • General meeting, 09/10/2015
  • Statutes amendment
19-06
State Gazette act Resignation: Tom Dejonghe (director)
Appointment: Wendy Goeminne (director)3 facts ▸
  • General meeting, 01/06/2015
  • Director resignation, Tom Dejonghe (director)
  • Director appointment, Wendy Goeminne (director)
2014
03-11
State Gazette act Resignation: Regina Opdebeeck (director)
2 facts ▸
  • Director resignation, Regina Opdebeeck (director)
  • Director resignation, Regina Opdebeeck (managing director)
10-04
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 21/02/2014
  • Power of attorney, An Aelbrecht
10-04
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 21/02/2014
  • Power of attorney, Kristof Mangelschots
03-04
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting
  • Power of attorney, Isabelle Hamel
05-03
State Gazette act Appointment: Katty Scheerlinck (director)
4 facts ▸
  • General meeting, 31/01/2014
  • Board meeting, 31/01/2014
  • Director appointment, Katty Scheerlinck (director)
  • Director appointment, Katty Scheerlinck (managing director)
2013
30-12
State Gazette act Resignations: Antoon (roepnaam Eric) De Jong (director) and Walter Beyers (director)
Appointments: Rob Zandbergen (director) and Leen Geirnaerdt (director)5 facts ▸
  • General meeting, 29/11/2013
  • Director resignation, Antoon (roepnaam Eric) De Jong (director)
  • Director resignation, Walter Beyers (director)
  • Director appointment, Rob Zandbergen (director)
  • Director appointment, Leen Geirnaerdt (director)
30-12
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 02-12-2013
  • Power of attorney, Erik De Cock
01-10
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 01/08/2013
  • Power of attorney, Tom Cardinaels
27-09
State Gazette act Capital & shares
Statutes amendment2 facts ▸
  • General meeting, 10/09/2013
  • Statutes amendment
02-09
State Gazette act Reappointment: Antoon (roepnaam Eric) De Jong (director)
Appointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor) · Permanent representative: Peter Van den Eynde4 facts ▸
  • General meeting, 03/06/2013
  • Director reappointment, Antoon (roepnaam Eric) De Jong (director)
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Peter Van den Eynde
2012
12-11
State Gazette act Resignations: Hubert Vanhoe (director) and Rob Zandbergen (director)
Appointment: Tom Dejonghe (director)4 facts ▸
  • General meeting, 01/10/2012
  • Director resignation, Hubert Vanhoe (director)
  • Director resignation, Rob Zandbergen (director)
  • Director appointment, Tom Dejonghe (director)
11-10
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 01-08-2012
  • Power of attorney, Isabelle Hamel
25-05
State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
Permanent representative: Peter Van den Eynde3 facts ▸
  • General meeting, 04/06/2012
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Peter Van den Eynde
31-01
State Gazette act Resignation: Metanoia (director)
Appointment: Hubert Vanhoe (director)3 facts ▸
  • General meeting, 30/11/2011
  • Director resignation, Metanoia (director)
  • Director appointment, Hubert Vanhoe (director)
2011
02-12
State Gazette act Resignation: Hubert Vanhoe (director)
Appointment: Metanoia (director) · Permanent representative: Hubert Vanhoe4 facts ▸
  • General meeting, 31/10/2011
  • Director resignation, Hubert Vanhoe (director)
  • Director appointment, Metanoia (director)
  • Permanent representative, Hubert Vanhoe
28-07
State Gazette act Miscellaneous
Statutes amendment2 facts ▸
  • General meeting, 30/06/2011
  • Statutes amendment
30-03
State Gazette act Resignation: Xavier Vandewiele (director)
Appointment: Gina Opdebeeck (director)6 facts ▸
  • General meeting, 07/02/2011
  • Board meeting, 07/02/2011
  • Director resignation, Xavier Vandewiele (director)
  • Director resignation, Xavier Vandewiele (managing director)
  • Director appointment, Gina Opdebeeck (director)
  • Director appointment, Gina Opdebeeck (managing director)
2010
12-11
State Gazette act Resignations: Hubert Vanhoe (managing director) and Eric De Jong (managing director)
Appointment: Xavier Vandewiele (managing director)5 facts ▸
  • Board meeting, 01/10/2010
  • Director resignation, Hubert Vanhoe (managing director)
  • Director resignation, Eric De Jong (managing director)
  • Director appointment, Xavier Vandewiele (managing director)
  • Director appointment, Xavier Vandewiele (day-to-day manager)
18-10
State Gazette act Statutes amendment · Resignations & appointments
3 facts ▸
  • General meeting, 30/09/2010
  • Statutes amendment
  • Statutes amendment
27-07
State Gazette act Resignation: Herman Van Campenhout (director)
Appointment: Rob Zandbergen (director)3 facts ▸
  • General meeting, 30/06/2010
  • Director resignation, Herman Van Campenhout (director)
  • Director appointment, Rob Zandbergen (director)
08-04
State Gazette act Appointment: Herman Van Campenhout (director)
2 facts ▸
  • General meeting, 26/02/2010
  • Director appointment, Herman Van Campenhout (director)
2007
05-06
State Gazette act Resignation: Unique Receptel (director)
Appointments: VANDEWIELE Xavier André Jan, USG People N.V. and 2 others · Permanent representative: ICKE Ronald · Statutes amendment9 facts ▸
  • General meeting, 15/05/2007
  • Statutes amendment
  • Director resignation, Unique Receptel (director)
  • Director appointment, VANDEWIELE Xavier André Jan (director)
  • Director appointment, USG People N.V. (director)
  • Permanent representative, ICKE Ronald
  • Director appointment, VERBRUGGEN Dirk Albert Theophiel (director)
  • Director appointment, DIERCKXSENS Yvan Landry Marie Eugénie (director)
  • Number of directors, 4
2006
11-09
State Gazette act Appointments: PricewaterhouseCoopers BCVBA (statutory auditor) and Xavier Vandewiele (managing director)
Permanent representative: Peter Van den Eynde · Reappointment: Xavier Vandewiele (director) · Mandate compensation6 facts ▸
  • General meeting, 09/06/2006
  • Auditor appointment, PricewaterhouseCoopers BCVBA (statutory auditor)
  • Permanent representative, Peter Van den Eynde
  • Director reappointment, Xavier Vandewiele (director)
  • Director appointment, Xavier Vandewiele (managing director)
  • Mandate compensation, Xavier Vandewiele
2005
05-09
State Gazette act Reappointment: Yvan Dierckxsens (director)
Appointment: Yvan Dierckxsens (managing director) · Mandate compensation4 facts ▸
  • General meeting, 27/05/2005
  • Director reappointment, Yvan Dierckxsens (director)
  • Director appointment, Yvan Dierckxsens (managing director)
  • Mandate compensation, Yvan Dierckxsens
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
53 of 53 acts read

Directors · office · real estate

Directors
2 directors, no change since 2025

Board 2

Sophie Auger Mongenot
Director · since 05-06-2024
Current
Patrick Thélot
Director · since 30-04-2025
Current
7 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
DIERCKXSENS Yvan Landry Marie Eugénie
Director · since 15-05-2007
Not recently confirmed
USG People N.V.
Director · since 15-05-2007 · Legal entity · perm. rep.: ICKE Ronald
Not recently confirmed
VANDEWIELE Xavier André Jan
Director · since 15-05-2007
Not recently confirmed
VERBRUGGEN Dirk Albert Theophiel
Director · since 15-05-2007
Not recently confirmed
Gina Opdebeeck
Director · since 07-02-2011
Not recently confirmed
Q-Finance
Director · since 01-01-2018 · Legal entity · perm. rep.: Erik De Cock
Not recently confirmed
Not recently confirmed

Day-to-day management 2

Yvan Dierckxsens
Managing director · since 05-09-2005
Not recently confirmed
Gina Opdebeeck
Managing director · since 07-02-2011
Not recently confirmed

Permanent representatives 2

ICKE Ronald
Permanent representative · since 15-05-2007 · for USG People N.V.
Not recently confirmed
Erik De Cock
Permanent representative · since 01-01-2018 · for Q-Finance
Not recently confirmed

Statutory auditor 1

EY Bedrijfsrevisoren BV
Statutory auditor · since 06-12-2018 · perm. rep.: Ömer Turna
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
3,062 m²
Building footprint
2,618 m²
Volume, LiDAR
30,923 m³
2 parcels, Flanders · tallest building 32.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
UNIQUE RECEPTEL
Frankrijklei 101, 2000 AntwerpenManufacture of basic metals
since 19932.062.556.035
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1206/00Y007 Flanders 2,404 m² 1 · 2,222 m² 32.5 m · 2 fl.
11803C2329/00F000
ProtectedMonumentBurgerhuis in second-empirestijlSource ↗
Flanders 658 m² 1 · 396 m² 17.1 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

33 people since 2005, 10 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Sophie Auger Mongenot
  • Director, from 05-06-2024 to date
Patrick Thélot
  • Director, from 30-04-2025 to date
EY Bedrijfsrevisoren BV
  • Statutory auditor, from 06-12-2018 to date
Yvan Dierckxsens
  • Director, already before 05-09-2005 not ended, last confirmed 05-09-2005
  • Managing director, from 05-09-2005 not ended, last confirmed 05-09-2005
DIERCKXSENS Yvan Landry Marie Eugénie
  • Director, from 15-05-2007 not ended, last confirmed 05-06-2007
USG People N.V.
  • Director, from 15-05-2007 not ended, last confirmed 05-06-2007
VANDEWIELE Xavier André Jan
  • Director, from 15-05-2007 not ended, last confirmed 05-06-2007
VERBRUGGEN Dirk Albert Theophiel
  • Director, from 15-05-2007 not ended, last confirmed 05-06-2007
Gina Opdebeeck
  • Director, from 07-02-2011 not ended, last confirmed 30-03-2011
  • Managing director, from 07-02-2011 not ended, last confirmed 30-03-2011
Q-Finance
  • Director, from 01-01-2018 not ended, last confirmed 20-02-2018
Michael Bouwens
  • Director, from 02-12-2022 to 30-04-2025
Guillaume Amar
  • Director, from 02-12-2022 to 05-06-2024
An Aelbrecht
  • Director, from 01-01-2018 to 02-12-2022
BV Scheerlinck Consulting
  • Director, from 01-05-2021 to 02-12-2022
Q-Finance BV
  • Director, from 07-06-2022 to 02-12-2022
Wendy Goeminne
  • Director, from 01-06-2015 to 02-12-2022
Rob Zandbergen
  • Director, from 01-07-2010 to 01-10-2012
  • Director, from 01-12-2013 to 01-12-2021
Katty Scheerlinck
  • Director, from 01-02-2014 to 01-05-2021
  • Managing director, from 01-02-2014 to 01-11-2016
PricewaterhouseCoopers, Bedrijfsrevisoren
  • Statutory auditor, from 11-09-2006 to 06-12-2018
Alan Graeme Maude
  • Director, from 01-11-2016 to 01-01-2018
Koji Sakamoto
  • Director, from 01-11-2016 to 01-01-2018
Leen Geirnaerdt
  • Director, from 01-12-2013 to 01-01-2018
Motohara Hitoshi
  • Director, from 01-11-2016 to 01-01-2018
Takashi Nishimura
  • Director, from 01-11-2016 to 01-01-2018
Tom Dejonghe
  • Director, from 01-10-2012 to 01-07-2015
Opdebeeck Regina
  • Director, until 25-09-2014
  • Managing director, until 25-09-2014
Antoon (roepnaam Eric) De Jong
  • Director, already before 03-06-2013 to 01-12-2013
Walter BEYERS
  • Director, until 01-12-2013
Hubert Vanhoe
  • Managing director, until 01-10-2010
  • Director, until 01-11-2011
  • Director, from 01-12-2011 to 01-10-2012
Metanoia
  • Director, until 01-12-2011
Xavier Vandewiele
  • Director, already before 09-06-2006 to 07-02-2011
  • Managing director, from 09-06-2006 to 07-02-2011
Eric De Jong
  • Managing director, until 01-10-2010
Herman Van Campenhout
  • Director, from 03-03-2010 to 30-06-2010
See the board, name and seat on a given date →

Articles of association

Purpose
De vennootschap heeft tot voorwerp zowel in België als in het buitenland: - alle diensten die betrekking hebben op het beheer van de menselijke hulpbronnen inclusief de…
Full purpose

De vennootschap heeft tot voorwerp zowel in België als in het buitenland: - alle diensten die betrekking hebben op het beheer van de menselijke hulpbronnen inclusief de terbeschikkingstelling van diensten door geschoold en ongeschoold personeel, zelfstandigen of werknemers; - ondersteuning van professionele verbetering, uitvoering ten behoeve van het personeel van alle activiteiten ter bevordering van de personeels- of beroepsactiviteit; - studie van onderwerpen over personeelsbeleid en organisatie inzake personeelsbeleid, en meer algemeen iedere activiteit in verband met personeelsbeleid ten behoeve van het personeel van de onderneming of derden; - werving- en selectieactiviteiten; - aanneming van diensten, het uitvoeren van projecten in de domeinen zoals, maar niet beperkt tot, receptie en onthaal en facility. Aangaande al het voorgaande kan de vennootschap bovendien voor eigen rekening, in commissie, als tussenpersoon of als vertegenwoordiger handelen. De vennootschap mag alle handels-, nijverheids-, financiële, roerende en onroerende handelingen verrichten die rechtstreeks of onrechtstreeks betrekking hebben op haar voorwerp. Zij mag op elke wijze betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk of een gelijkwaardig voorwerp hebben of die de ontwikkeling van haar voorwerp kunnen bevorderen. Zij mag tevens de functie van bestuurder, zaakvoerder, directeur of vereffenaar in andere vennootschappen uitoefenen. De vennootschap mag alle garanties verstrekken, zich borg stellen, zekerheden verstrekken, waaronder haar onroerende goederen in hypotheek geven en al haar andere goederen, met inbegrip van haar handelsfonds, in pand geven en dit zowel voor haarzelf als voor alle derden op voorwaarde dat zij er zelf belang bij heeft, alsook optreden als agent of vertegenwoordiger van, of voorschotten toestaan aan de entiteiten in dewelke zij participeert. Alle activiteiten waarvoor bijzondere toelatingen, machtigingen, vergunningen of erkenningen vereist zijn, zal de vennootschap maar mogen uitoefenen na het bekomen van de vereiste toelatingen, machtigingen, vergunningen of erkenningen en nadat de daarmee overeenstemmende inschrijving(en) bij het ondernemingsloket werd(en) bekomen; het voorgaande geldt mutatis mutandis wanneer de vennootschap activiteiten wenst te ontwikkelen in het buitenland waar zij zich eveneens steeds in regel moet stellen met de plaatselijke wetgeving en regelgeving. De vennootschap zal zich dienen te onthouden van activiteiten en/of werkzaamheden die onderworpen zijn aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet, onverminderd de mogelijkheid van de vennootschap om die activiteiten en/of werkzaamheden in onderaanneming te laten verrichten door derden die wel beschikken over de nodige vergunningen en/of toelatingen.

Structure & network

Part of the group 株式会社リクルートホールディングス 19 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. Armonia Benelux BVNL 100%
  2. RECEPTEL

Highest known parent: Armonia Benelux BV (Netherlands). The sources do not say who stands above it.

Owners 2

  • Armonia Benelux BVNLparent
    100%
  • 株式会社リクルートホールディングスJPparent
    consolidated

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of RECEPTEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

16 connected companies
Linked via shared directors
ACCENT GROUP
Shared director
→
Accent Jobs
Shared director
→
AMP
Shared director
→
Ariad Group
Shared director
→
Show 12 more companies with a shared director
Book'u
Shared director
→
→
EURO - SPRINTERS
Shared director
→
GRITT
Shared director
→
H. ESSERS
Shared director
→
House of HR
Shared director
→
LEAN²
Shared director
→
Pas De Mots
Shared director
→
Radial Belgium
Shared director
→
SPEOS BELGIUM
Shared director
→
Start People Services
Shared director
→
TEC
Shared director
→

Public money · subsidies and aid

Flemish government

2022 to 2024 · 3 entries · 12,024 EUR awarded · 12,024 EUR paid
Year Entries awardedpaid
2024 1 2,160 EUR2,160 EUR
2023 1 6,957 EUR6,957 EUR
2022 1 2,907 EUR2,907 EUR
Schemes
3 entries · 12,024 EUR · 12,024 EUR paid · Departement Werk en Sociale Economie

European Union, budget

2025 · 1 entry · 77,100 EUR in total
Year Entries awarded
2025 1 77,100 EUR
Projects
PROVISION OF FRONT AND BACK-OFFICE RECEPTIONIST SERVICES
Decentralised Agencies, Joint Undertakings, EU institutions · 01-12-2025 to 30-11-2026 · 77,100 EUR

Recognitions · licences · registrations

Legal Entity Identifier

967600USZDTFRBBHRF24
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,092 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded04-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail info@receptel.be
Phone 03 369 62 80
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450149482
Also 9925:BE0450149482

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.