Recko Services
ActiveSummary
The computed 12-month bankruptcy probability of Recko Services is 5.3% (elevated). The 2025 annual accounts show equity of €26k and a net result of €-420. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 31% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-20
Solvency55▼-38
Growth60▲+8
Track record94
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.36 against 2.64 in 2024; short-term debt: 70% and cash: 58.2% of total assets), and 70% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
30%
Return on assets
-0.5%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-11-2025, 24 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 · 4 filingsDeviation from the deadline
2025
24 d late
2024
6 d early
2023
210 d late
2022
21 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Turnover
€129k▲ 26.2%
2023 · €102k
EBIT margin
1.2%▼ 9.2pp
2023 · 10.4%
Net result
€-420
2024 · €2k
Working capital
€22k▲ 6.6%
2024 · €21k
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
Line2022202320242025
Turnover€102k€129k
Operating result€14k-€11k▼ 23.1%€4k▼ 63.1%€1k▼ 61.9%
Net result€11k-€11k▼ 3.3%€2k▼ 77.1%€-420
EBIT margin10.4%1.2%
Equity€14k-€24k▲ 75.8%€27k▲ 9.9%€26k▼ 1.6%
Total assets€21k-€28k▲ 33.4%€39k▲ 38.6%€88k▲ 124%
Debt€7k-€4k▼ 45.9%€13k▲ 213%€62k▲ 391%
Working capital€14k-€23k▲ 63.0%€21k▼ 8.9%€22k▲ 6.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 62% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€4k ▼ 28.9%
Current assets
€84k ▲ 152%
Equity and liabilities €88k
Equity
€26k ▼ 1.6%
Debt
€62k ▲ 391%
Debt's share of the balance-sheet total rises from 31.9% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €5k
Cash flow
€2k▼
2024 · €4k
Current ratio
1.36▼
2024 · 2.64
Debt to equity
2.34▲
2024 · 0.47
ROE
-1.6%▼
2024 · 9.0%
ROA
-0.5%▼
2024 · 6.1%
Interest coverage
18.17▼
2024 · 26.35
Debt ≤ 1 year
€62k▲
2024 · €13k
Income taxes
€4k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €102k | - | €129k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €91k | - | €128k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €195 | €1k | €2k | ▲ 46.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €-249 | - |
| Other operating charges640/8 | €74 | €75 | €148 | €631 | ▲ 326% |
| Non-recurring operating charges66A | €406 | €444 | €1k | - | - |
| Gross operating margin9900 | €14k | €11k | €7k | €4k | ▼ 40.5% |
| Operating profit (loss)9901 | €14k | €11k | €4k | €1k | ▼ 61.9% |
| Financial income75/76B | €0 | €1 | - | €2k | - |
| Recurring financial income75 | €0 | €1 | - | €446 | - |
| Non-recurring financial income76B | - | - | - | €2k | - |
| Financial charges65/66B | €57 | €82 | €201 | €194 | ▼ 3.5% |
| Recurring financial charges65 | €57 | €82 | €201 | €194 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €14k | €11k | €4k | €3k | ▼ 8.2% |
| Income taxes67/77 | €3k | - | €1k | €4k | ▲ 195% |
| Profit (loss) for the period9904 | €11k | €11k | €2k | €-420 | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | €11k | €11k | €2k | €-420 | ▼ 117% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21k | €28k | €39k | €88k | ▲ 124% |
| Fixed assets21/28 | - | €2k | €6k | €4k | ▼ 28.9% |
| Tangible fixed assets22/27 | - | €2k | €6k | €4k | ▼ 28.9% |
| Plant, machinery and equipment23 | - | €541 | €2k | €2k | ▼ 8.2% |
| Furniture and vehicles24 | - | €1k | €4k | €2k | ▼ 42.4% |
| Current assets29/58 | €21k | €27k | €33k | €84k | ▲ 152% |
| Amounts receivable within one year40/41 | €13k | €24k | €12k | €26k | ▲ 112% |
| Trade receivables40 | €11k | €23k | €12k | €17k | ▲ 50.1% |
| Other amounts receivable41 | €2k | €1k | €818 | €9k | ▲ 984% |
| Cash at bank and in hand54/58 | €8k | €2k | €15k | €51k | ▲ 232% |
| Deferred charges and accrued income490/1 | €74 | €505 | €5k | €6k | ▲ 14.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21k | €28k | €39k | €88k | ▲ 124% |
| Equity10/15 | €14k | €24k | €27k | €26k | ▼ 1.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €11k | €21k | €24k | €23k | ▼ 1.8% |
| Amounts payable17/49 | €7k | €4k | €13k | €62k | ▲ 391% |
| Amounts payable within one year42/48 | €7k | €4k | €13k | €62k | ▲ 391% |
| Trade debts44 | €954 | - | €4k | €13k | ▲ 228% |
| Suppliers440/4 | €954 | - | €4k | €13k | ▲ 228% |
| Advances received on contracts in progress46 | - | - | - | €33k | - |
| Taxes, remuneration and social security45 | €5k | €3k | €4k | €11k | ▲ 172% |
| Taxes450/3 | €5k | €3k | €4k | €11k | ▲ 172% |
| Other amounts payable47/48 | €1k | €1k | €4k | €4k | ▼ 1.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €11k | €2k | €-420 | ▼ 117% |
| + Depreciation and write-downs630 | - | €195 | €1k | €2k | ▲ 46.7% |
| Operating cash flow (approximation) | €11k | €11k | €4k | €2k | ▼ 57.4% |
| Investment in fixed assets (approximation) | - | - | €-6k | €-249 | ▲ 95.7% |
| Change in cash | - | €-6k | €13k | €36k | ▲ 166% |
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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
31-03
Financial
Weakest financial yearnet €-420
Net result drops to €-420, the lowest in the series.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 210 days late
2023
31-03
Financial
Liquidity doublescurrent ratio 6.62
Current ratio from 2.87 to 6.62; short-term debt falls from €7k to €4k.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vorst
Ground area
380 m²
Building footprint
160 m²
Volume, LiDAR
2,322 m³
Parcel 21007A0069/00A062, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00A062 | Brussels | 380 m² | 1 · 160 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 3,878 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-05-2021
Fiscal year end31-03
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43422Screed work
Scores and ratios are computed by Checked and are not a credit decision.