RECO
ActiveSummary
RECO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,013 and a net result of €61,412. Equity is growing by ~44.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 10.89 against 11.15 in 2024; short-term debt: 7.5% and cash: 69.2% of total assets), and 7.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.5%
Return on assets
29.6%
Age of the figures
9 mo
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 31-03-2026, 122 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
122 d early
2024
29 d early
2023
14 d early
2022
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 5 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€192,013▲ 19.2%
2024 · €161,101
Total assets
€207,555▲ 20.7%
2024 · €171,895
Net result
€61,412▼ 1.8%
2024 · €62,522
Working capital
€153,666▲ 40.3%
2024 · €109,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line2022202320242025
Operating result€45,138-€91,416▲ 103%€86,571▼ 5.3%€83,356▼ 3.7%
Net result€32,606within the sector's middle half-€65,873above the sector's middle half▲ 102%€62,522within the sector's middle half▼ 5.1%€61,412within the sector's middle half▼ 1.8%
Equity€32,706within the sector's middle half-€98,579within the sector's middle half▲ 201%€161,101within the sector's middle half▲ 63.4%€192,013within the sector's middle half▲ 19.2%
Total assets€47,143below the sector's middle half-€104,530within the sector's middle half▲ 122%€171,895within the sector's middle half▲ 64.4%€207,555within the sector's middle half▲ 20.7%
Debt€14,438-€5,951▼ 58.8%€10,795▲ 81.4%€15,543▲ 44.0%
Working capital€31,886within the sector's middle half-€33,849within the sector's middle half▲ 6.2%€109,563within the sector's middle half▲ 224%€153,666above the sector's middle half▲ 40.3%
Solvency69.4%within the sector's middle half-94.3%above the sector's middle half▲ 24.9pp93.7%above the sector's middle half▼ 0.6pp92.5%above the sector's middle half▼ 1.2pp
Current ratio3.21within the sector's middle half-6.69above the sector's middle half▲ 3.4811.15above the sector's middle half▲ 4.4610.89above the sector's middle half▼ 0.26
Return on assets (ROA)69.2%above the sector's middle half-63.0%above the sector's middle half▼ 6.1pp36.4%above the sector's middle half▼ 26.6pp29.6%within the sector's middle half▼ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207,555
Fixed assets
€38,346 ▼ 25.6%
Current assets
€169,209 ▲ 40.6%
Equity and liabilities €207,555
Equity
€192,013 ▲ 19.2%
Debt
€15,543 ▲ 44.0%
Debt's share of the balance-sheet total rises from 6.3% to 7.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96,548▼
2024 · €99,762
Cash flow
€74,604▼
2024 · €75,714
Debt to equity
0.08▲
2024 · 0.07
ROE
32.0%▼
2024 · 38.8%
Interest coverage
486.61▼
2024 · 645.63
Debt ≤ 1 year
€15,543▲
2024 · €10,795
Income taxes
€21,746▼
2024 · €23,894
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,278 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €499 | €2,049 | €13,192 | €13,192 | = |
| Other operating charges640/8 | €504 | €448 | €1,591 | €1,251 | ▼ 21.4% |
| Gross operating margin9900 | €46,140 | €93,913 | €101,353 | €97,799 | ▼ 3.5% |
| Operating profit (loss)9901 | €45,138 | €91,416 | €86,571 | €83,356 | ▼ 3.7% |
| Financial charges65/66B | €48 | €166 | €155 | €198 | ▲ 28.4% |
| Recurring financial charges65 | €48 | €166 | €155 | €198 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | €45,090 | €91,250 | €86,416 | €83,158 | ▼ 3.8% |
| Income taxes67/77 | €12,484 | €25,377 | €23,894 | €21,746 | ▼ 9.0% |
| Profit (loss) for the period9904 | €32,606 | €65,873 | €62,522 | €61,412 | ▼ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €32,606 | €65,873 | €62,522 | €61,412 | ▼ 1.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,143 | €104,530 | €171,895 | €207,555 | ▲ 20.7% |
| Formation expenses20 | €820 | €0 | - | - | - |
| Fixed assets21/28 | - | €64,730 | €51,538 | €38,346 | ▼ 25.6% |
| Tangible fixed assets22/27 | - | €64,730 | €51,538 | €38,346 | ▼ 25.6% |
| Furniture and vehicles24 | - | €64,730 | €51,538 | €38,346 | ▼ 25.6% |
| Current assets29/58 | €46,323 | €39,801 | €120,357 | €169,209 | ▲ 40.6% |
| Amounts receivable within one year40/41 | €15,020 | €28,675 | €30,475 | €21,903 | ▼ 28.1% |
| Trade receivables40 | €12,100 | €12,100 | €12,100 | €12,100 | = |
| Other amounts receivable41 | €2,920 | €16,575 | €18,375 | €9,803 | ▼ 46.6% |
| Cash at bank and in hand54/58 | €31,106 | €8,198 | €87,926 | €143,608 | ▲ 63.3% |
| Deferred charges and accrued income490/1 | €198 | €2,928 | €1,956 | €3,698 | ▲ 89.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,143 | €104,530 | €171,895 | €207,555 | ▲ 20.7% |
| Equity10/15 | €32,706 | €98,579 | €161,101 | €192,013 | ▲ 19.2% |
| Contributions10/11 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €32,606 | €98,479 | €161,001 | €191,913 | ▲ 19.2% |
| Distributable reserves133 | €32,606 | €98,479 | €161,001 | €191,913 | ▲ 19.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €14,438 | €5,951 | €10,795 | €15,543 | ▲ 44.0% |
| Amounts payable within one year42/48 | €14,438 | €5,951 | €10,795 | €15,543 | ▲ 44.0% |
| Trade debts44 | €249 | €64 | €2,592 | €382 | ▼ 85.3% |
| Suppliers440/4 | €249 | €64 | €2,592 | €382 | ▼ 85.3% |
| Taxes, remuneration and social security45 | €14,189 | €5,887 | €8,203 | €12,524 | ▲ 52.7% |
| Taxes450/3 | €14,189 | €5,887 | €8,203 | €12,524 | ▲ 52.7% |
| Other amounts payable47/48 | - | - | - | €2,637 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,606 | €65,873 | €62,522 | €61,412 | ▼ 1.8% |
| + Depreciation and write-downs630 | €499 | €2,049 | €13,192 | €13,192 | = |
| Operating cash flow (approximation) | €33,104 | €67,922 | €75,714 | €74,604 | ▼ 1.5% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | -€22,908 | €79,728 | €55,682 | ▼ 30.2% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €161,101 ▲63.4%
3 profitable years in a row build equity to €161,101.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €65,873 ▲102%
Operating result €91,416, net result €65,873, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.69
Current ratio from 3.21 to 6.69; short-term debt falls from €14,438 to €5,951.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · 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.
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Directors · office · real estate
Directors
2 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, Halle · 1 establishment unit since 2022
Ground area
461 m²
Building footprint
115 m²
Volume, LiDAR
1,144 m³
Parcel 23412I0016/00Z003, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RECO
since 20222.335.018.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23412I0016/00Z003 | Flanders | 461 m² | 1 · 115 m² | 12.7 m · 3 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.
Similar companies · same sector, comparable size
Kuyp Consult
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NELSONTREE
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MANAGEMENT ADVICE & DEVELOPMENT
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DATAMATRIX
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Sint-Pieters-Leeuw · Eq €192,054
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,205 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
Founded16-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0789691153
Also
9925:BE0789691153
Registered
26-11-2025
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.