RECOMAT
ActiveSummary
RECOMAT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.19M and a net result of €2.40M. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+11
Solvency69▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 2.25 in 2024; short-term debt: 19.4% and cash: 6% of total assets), but 56.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
43.9%
Return on assets
12.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
10 d early
2023
4 d early
2022
78 d early
2021
2 d late
2020
99 d early
2019
132 d early
← 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
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.40M▲ 222%
2024 · €745k
2019: €390k
2020: €351k▼ -9.8% vs 2019
2021: €-8k▼ -102% vs 2020lowest in 7 years
2022: €224k▲ +2921% vs 2021
2023: €1.90M▲ +749% vs 2022
2024: €745k▼ -60.8% vs 2023
2025: €2.40M▲ +222% vs 2024highest in 7 years
2019 → 2025
Working capital
€3.66M▲ 23.0%
2024 · €2.98M
2019: €-310klowest in 7 years
2020: €-106k▲ +65.9% vs 2019
2021: €-7k▲ +93.7% vs 2020
2022: €444k▲ +6802% vs 2021
2023: €2.09M▲ +372% vs 2022
2024: €2.98M▲ +42.1% vs 2023
2025: €3.66M▲ +23.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.94M-€3.06M▲ 4.4%€5.02M▲ 63.7%€5.86M▲ 16.9%€8.19M▲ 39.7%
2021: €2.94Mlowest in 5 years
2022: €3.06M▲ +4.4% vs 2021
2023: €5.02M▲ +63.7% vs 2022
2024: €5.86M▲ +16.9% vs 2023
2025: €8.19M▲ +39.7% vs 2024highest in 5 years
Operating result€-68k-€195k€2.13M▲ 990%€1.03M▼ 51.4%€3.62M▲ 250%
2021: €-68klowest in 5 years
2022: €195k▲ +385% vs 2021
2023: €2.13M▲ +990% vs 2022
2024: €1.03M▼ -51.4% vs 2023
2025: €3.62M▲ +250% vs 2024highest in 5 years
Net result€-8k-€224k€1.90M▲ 749%€745k▼ 60.8%€2.40M▲ 222%
2021: €-8klowest in 5 years
2022: €224k▲ +2921% vs 2021
2023: €1.90M▲ +749% vs 2022
2024: €745k▼ -60.8% vs 2023
2025: €2.40M▲ +222% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 250% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.65M
Fixed assets
€11.36M ▲ 1.3%
Current assets
€7.29M ▲ 35.9%
Equity and liabilities €18.65M
Equity
€8.19M ▲ 39.7%
Debt
€10.47M ▼ 2.4%
Debt's share of the balance-sheet total falls from 64.7% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.44M▲
2024 · €2.89M
Cash flow
€4.21M▲
2024 · €2.60M
Current ratio
2.01▼
2024 · 2.25
Quick ratio
2.01▼
2024 · 2.24
Debt to equity
1.28▼
2024 · 1.83
ROE
29.3%▲
2024 · 12.7%
ROA
12.8%▲
2024 · 4.5%
Interest coverage
30.08▲
2024 · 17.46
Debt ≤ 1 year
€3.63M▲
2024 · €2.39M
Debt > 1 year
€6.84M▼
2024 · €8.34M
Income taxes
€1.12M▲
2024 · €213k
Staff costs
€343k▲
2024 · €226k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16.58M€18.65M▲
Fixed assets21/28€11.22M€11.36M▲
Tangible fixed assets22/27€11.22M€11.36M▲
Land and buildings22€2.14M€1.94M▼
Plant, machinery and equipment23€5.95M€6.66M▲
Furniture and vehicles24€23k€15k▼
Leasing and similar rights25€3.10M€2.75M▼
Current assets29/58€5.36M€7.29M▲
Stocks and contracts in progress3€15k€7k▼
Stocks30/36€15k€7k▼
Amounts receivable within one year40/41€3.21M€5.24M▲
Trade receivables40€2.88M€5.02M▲
Other amounts receivable41€332k€223k▼
Current investments50/53€621k€914k▲
Cash at bank and in hand54/58€1.51M€1.13M▼
Equity and liabilities
Total equity and liabilities10/49€16.58M€18.65M▲
Equity10/15€5.86M€8.19M▲
Contributions10/11€274k€274k=
Reserves13€2.89M€5.28M▲
Non-distributable reserves130/1€20k€20k=
Reserves not available under the articles1311€20k€20k=
Distributable reserves133€2.87M€5.26M▲
Profit (loss) carried forward14€2.21M€2.22M▲
Investment grants15€489k€418k▼
Amounts payable17/49€10.72M€10.47M▼
Amounts payable after more than one year17€8.34M€6.84M▼
Financial debts170/4€8.34M€6.84M▼
Amounts payable within one year42/48€2.39M€3.63M▲
Current portion of amounts payable after more than one year42€1.84M€2.38M▲
Trade debts44€301k€78k▼
Suppliers440/4€301k€78k▼
Taxes, remuneration and social security45€237k€1.17M▲
Taxes450/3€213k€1.12M▲
Remuneration and social security454/9€24k€43k▲
Other amounts payable47/48€3k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€226k€343k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.85M€1.82M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€504k-
Other operating charges640/8€14k€16k▲
Gross operating margin9900€3.63M€5.79M▲
Operating profit (loss)9901€1.03M€3.62M▲
Financial income75/76B€89k€82k▼
Recurring financial income75€89k€82k▼
Financial charges65/66B€165k€181k▲
Recurring financial charges65€165k€181k▲
Profit (loss) for the period before taxes9903€958k€3.52M▲
Income taxes67/77€213k€1.12M▲
Profit (loss) for the period9904€745k€2.40M▲
Profit (loss) for the period to be appropriated9905€745k€2.40M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.95M€4.61M▲
Profit (loss) brought forward from the previous period14P€2.21M€2.21M=
Transfer to equity691/2€744k€2.39M▲
To other reserves6921€744k€2.39M▲
Social balance
Average headcount (FTE)90876.59.4▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €168k | €241k | €226k | €343k | ▲ 52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.51M | €1.56M | €1.49M | €1.85M | €1.82M | ▼ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €504k | - | - |
| Other operating charges640/8 | - | €13k | €87k | €14k | €16k | ▲ 18.0% |
| Gross operating margin9900 | €1.69M | €1.93M | €3.95M | €3.63M | €5.79M | ▲ 59.6% |
| Operating profit (loss)9901 | €-68k | €195k | €2.13M | €1.03M | €3.62M | ▲ 250% |
| Financial income75/76B | - | €100k | €97k | €89k | €82k | ▼ 7.9% |
| Recurring financial income75 | €120k | €100k | €97k | €89k | €82k | ▼ 7.9% |
| Financial charges65/66B | - | €44k | €129k | €165k | €181k | ▲ 9.3% |
| Recurring financial charges65 | €54k | €44k | €129k | €165k | €181k | ▲ 9.3% |
| Profit (loss) for the period before taxes9903 | €-2k | €251k | €2.10M | €958k | €3.52M | ▲ 267% |
| Income taxes67/77 | €6k | €27k | €195k | €213k | €1.12M | ▲ 427% |
| Profit (loss) for the period9904 | €-8k | €224k | €1.90M | €745k | €2.40M | ▲ 222% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €224k | €1.90M | €745k | €2.40M | ▲ 222% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.72M | €9.34M | €14.39M | €16.58M | €18.65M | ▲ 12.5% |
| Fixed assets21/28 | €8.37M | €7.15M | €10.44M | €11.22M | €11.36M | ▲ 1.3% |
| Tangible fixed assets22/27 | €8.37M | €7.15M | €10.44M | €11.22M | €11.36M | ▲ 1.3% |
| Land and buildings22 | - | €2.54M | €2.34M | €2.14M | €1.94M | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €4.50M | €4.58M | €5.95M | €6.66M | ▲ 11.9% |
| Furniture and vehicles24 | - | €103k | €63k | €23k | €15k | ▼ 33.7% |
| Leasing and similar rights25 | - | - | €3.46M | €3.10M | €2.75M | ▼ 11.5% |
| Current assets29/58 | €1.35M | €2.20M | €3.95M | €5.36M | €7.29M | ▲ 35.9% |
| Stocks and contracts in progress3 | €8k | €13k | €8k | €15k | €7k | ▼ 54.3% |
| Stocks30/36 | - | €13k | €8k | €15k | €7k | ▼ 54.3% |
| Amounts receivable within one year40/41 | €1.33M | €1.76M | €2.44M | €3.21M | €5.24M | ▲ 63.1% |
| Trade receivables40 | - | €1.76M | €2.42M | €2.88M | €5.02M | ▲ 74.1% |
| Other amounts receivable41 | - | - | €27k | €332k | €223k | ▼ 32.8% |
| Current investments50/53 | €442 | - | €750k | €621k | €914k | ▲ 47.2% |
| Cash at bank and in hand54/58 | €13k | €422k | €750k | €1.51M | €1.13M | ▼ 25.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.72M | €9.34M | €14.39M | €16.58M | €18.65M | ▲ 12.5% |
| Equity10/15 | €2.94M | €3.06M | €5.02M | €5.86M | €8.19M | ▲ 39.7% |
| Contributions10/11 | - | €274k | €274k | €274k | €274k | = |
| Reserves13 | €20k | €243k | €2.14M | €2.89M | €5.28M | ▲ 82.8% |
| Non-distributable reserves130/1 | - | €243k | €20k | €20k | €20k | = |
| Reserves not available under the articles1311 | - | €20k | €20k | €20k | €20k | = |
| Other1319 | - | €224k | - | - | - | - |
| Distributable reserves133 | - | - | €2.12M | €2.87M | €5.26M | ▲ 83.3% |
| Profit (loss) carried forward14 | €2.21M | €2.21M | €2.21M | €2.21M | €2.22M | ▲ 0.2% |
| Investment grants15 | - | €338k | €388k | €489k | €418k | ▼ 14.5% |
| Amounts payable17/49 | €6.79M | €6.28M | €9.38M | €10.72M | €10.47M | ▼ 2.4% |
| Amounts payable after more than one year17 | €5.40M | €4.50M | €7.49M | €8.34M | €6.84M | ▼ 18.0% |
| Financial debts170/4 | - | €4.50M | €7.49M | €8.34M | €6.84M | ▼ 18.0% |
| Amounts payable within one year42/48 | €1.36M | €1.75M | €1.86M | €2.39M | €3.63M | ▲ 52.1% |
| Current portion of amounts payable after more than one year42 | - | €1.27M | €1.59M | €1.84M | €2.38M | ▲ 29.0% |
| Trade debts44 | €69k | €417k | €43k | €301k | €78k | ▼ 74.0% |
| Suppliers440/4 | - | €417k | €43k | €301k | €78k | ▼ 74.0% |
| Taxes, remuneration and social security45 | - | €66k | €220k | €237k | €1.17M | ▲ 392% |
| Taxes450/3 | - | €44k | €195k | €213k | €1.12M | ▲ 428% |
| Remuneration and social security454/9 | - | €22k | €26k | €24k | €43k | ▲ 77.2% |
| Other amounts payable47/48 | - | €2k | €2k | €3k | €4k | ▲ 27.7% |
| Accrued charges and deferred income492/3 | - | €21k | €33k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €224k | €1.90M | €745k | €2.40M | ▲ 222% |
| + Depreciation and write-downs630 | €1.51M | €1.56M | €1.49M | €1.85M | €1.82M | ▼ 1.8% |
| Operating cash flow (approximation) | €1.50M | €1.78M | €3.39M | €2.60M | €4.21M | ▲ 62.2% |
| Investment in fixed assets (approximation) | - | €-333k | €-4.79M | €-2.63M | €-1.96M | ▲ 25.5% |
| Change in cash | - | €409k | €328k | €761k | €-385k | ▼ 151% |
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
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €2.40M ▲222%
Operating result €3.62M, net result €2.40M, both a record.
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €5MEq €5.02M ▲63.7%
2 profitable years in a row build equity to €5.02M.
2022
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €224k
Net result €224k after one loss-making year.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
31-03
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
6 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, Brugelette · 1 establishment unit since 2002
Ground area
6,243 m²
Building footprint
388 m²
Volume, LiDAR
2,859 m³
Parcel 53015B0496/00L000, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Notre-Dame(CC) 15, 7940 Brugelette
since 20022.114.986.119
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53015B0496/00L000 | Wallonia | 6,243 m² | 1 · 388 m² | 9.9 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugelette2.114.986.119
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Of 5,168 companies in sector 01110 we hold annual accounts for 613. 147 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded27-08-2002
Fiscal year end31-03
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
01610Support activities for crop production
Scores and ratios are computed by Checked and are not a credit decision.