RECORDATI
ActiveSummary
RECORDATI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.96M and a net result of €1.71M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-2
Solvency34▲+7
Growth72=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.02 in 2024; short-term debt: 87% and cash: 21.5% of total assets), and 90.6% 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 · 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
9.4%
Return on assets
8.2%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 12%
← weakest
strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
46 d late
2023
23 d early
2022
18 d early
2021
31 d early
2020
16 d early
2019
22 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€42.51M▲ 22.3%
2024 · €34.77M
2018: €5.98Mlowest value
2019: €10.02M▲ +67.5% vs 2018
2021: €20.41M
2022: €22.71M▲ +11.3% vs 2021
2023: €27.23M▲ +19.9% vs 2022
2024: €34.77M▲ +27.7% vs 2023
2025: €42.51M▲ +22.3% vs 2024highest value
2018 → 2025
EBIT margin
5.3%▼ 0.2pp
2024 · 5.5%
2018: 37.3%highest value
2019: 23.4%▼ -37.3% vs 2018
2021: 13.4%
2022: 20.2%▲ +50.3% vs 2021
2023: 13.8%▼ -31.9% vs 2022
2024: 5.5%▼ -59.8% vs 2023
2025: 5.3%▼ -3.5% vs 2024lowest value
2018 → 2025
Net result
€1.71M▲ 2.7%
2024 · €1.67M
2018: €1.57Mlowest value
2019: €1.61M▲ +2.9% vs 2018
2021: €1.99M
2022: €3.42M▲ +72.1% vs 2021highest value
2023: €3.04M▼ -11.0% vs 2022
2024: €1.67M▼ -45.3% vs 2023
2025: €1.71M▲ +2.7% vs 2024
2018 → 2025
Working capital
€2.39M▲ 598%
2024 · €342k
2018: €2.95M
2019: €4.56M▲ +54.6% vs 2018
2021: €8.58M
2022: €12.00M▲ +39.8% vs 2021highest value
2023: €3.92M▼ -67.3% vs 2022
2024: €342k▼ -91.3% vs 2023lowest value
2025: €2.39M▲ +598% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€20.41M-€22.71M▲ 11.3%€27.23M▲ 19.9%€34.77M▲ 27.7%€42.51M▲ 22.3%
2021: €20.41Mlowest in 5 years
2022: €22.71M▲ +11.3% vs 2021
2023: €27.23M▲ +19.9% vs 2022
2024: €34.77M▲ +27.7% vs 2023
2025: €42.51M▲ +22.3% vs 2024highest in 5 years
Equity€8.86M-€12.28M▲ 38.6%€4.16M▼ 66.1%€250k▼ 94.0%€1.96M▲ 684%
2021: €8.86M
2022: €12.28M▲ +38.6% vs 2021highest in 5 years
2023: €4.16M▼ -66.1% vs 2022
2024: €250k▼ -94.0% vs 2023lowest in 5 years
2025: €1.96M▲ +684% vs 2024
Operating result€2.74M-€4.59M▲ 67.3%€3.75M▼ 18.3%€1.92M▼ 48.7%€2.27M▲ 18.0%
2021: €2.74M
2022: €4.59M▲ +67.3% vs 2021highest in 5 years
2023: €3.75M▼ -18.3% vs 2022
2024: €1.92M▼ -48.7% vs 2023lowest in 5 years
2025: €2.27M▲ +18.0% vs 2024
Net result€1.99M-€3.42M▲ 72.1%€3.04M▼ 11.0%€1.67M▼ 45.3%€1.71M▲ 2.7%
2021: €1.99M
2022: €3.42M▲ +72.1% vs 2021highest in 5 years
2023: €3.04M▼ -11.0% vs 2022
2024: €1.67M▼ -45.3% vs 2023lowest in 5 years
2025: €1.71M▲ +2.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.80M
Fixed assets
€310k ▲ 52.9%
Current assets
€20.49M ▲ 32.1%
Equity and liabilities €20.80M
Equity
€1.96M ▲ 684%
Debt
€18.84M ▲ 21.9%
Debt's share of the balance-sheet total falls from 98.4% to 90.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.34M▲
2024 · €1.98M
Cash flow
€1.78M▲
2024 · €1.72M
Current ratio
1.13▲
2024 · 1.02
Quick ratio
0.94▲
2024 · 0.81
Debt to equity
9.61▼
2024 · 61.80
ROE
87.2%▼
2024 · 665.9%
ROA
8.2%▼
2024 · 10.6%
Interest coverage
54.30▲
2024 · 53.82
Debt ≤ 1 year
€18.10M▲
2024 · €15.17M
Income taxes
€553k▼
2024 · €649k
Staff costs
€6.88M▲
2024 · €6.31M
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 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15.71M€20.80M▲
Fixed assets21/28€203k€310k▲
Tangible fixed assets22/27€203k€310k▲
Plant, machinery and equipment23€49k€88k▲
Furniture and vehicles24€31k€68k▲
Other tangible fixed assets26€123k€155k▲
Current assets29/58€15.51M€20.49M▲
Stocks and contracts in progress3€3.17M€3.52M▲
Stocks30/36€3.17M€3.52M▲
Goods purchased for resale34€3.17M€3.52M▲
Amounts receivable within one year40/41€10.92M€12.49M▲
Trade receivables40€7.97M€11.39M▲
Other amounts receivable41€2.95M€1.10M▼
Cash at bank and in hand54/58€1.41M€4.47M▲
Deferred charges and accrued income490/1€9k€531▼
Equity and liabilities
Total equity and liabilities10/49€15.71M€20.80M▲
Equity10/15€250k€1.96M▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€230k€1.94M▲
Amounts payable17/49€15.46M€18.84M▲
Amounts payable within one year42/48€15.17M€18.10M▲
Trade debts44€8.01M€16.42M▲
Suppliers440/4€8.01M€16.42M▲
Taxes, remuneration and social security45€1.57M€1.68M▲
Taxes450/3€30k€26k▼
Remuneration and social security454/9€1.54M€1.65M▲
Other amounts payable47/48€5.58M€0▼
Accrued charges and deferred income492/3€295k€740k▲
Income statement
Code20242025
Operating income70/76A€35.47M€42.91M▲
Turnover70€34.77M€42.51M▲
Other operating income74€701k€393k▼
Operating charges60/66A€33.55M€40.64M▲
Goods for resale, raw materials and consumables60€19.14M€24.43M▲
Purchases600/8€19.62M€24.79M▲
Change in stocks: decrease (increase)609€-483k€-356k▲
Services and other goods61€7.85M€8.92M▲
Remuneration, social security and pensions62€6.31M€6.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€68k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€93k€-85k▼
Other operating charges640/8€101k€418k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€1.92M€2.27M▲
Financial income75/76B€435k€46k▼
Recurring financial income75€435k€46k▼
Income from current assets751€424k€46k▼
Other financial income752/9€11k€0▼
Financial charges65/66B€42k€50k▲
Recurring financial charges65€42k€50k▲
Debt charges650€37k€43k▲
Other financial charges652/9€5k€7k▲
Profit (loss) for the period before taxes9903€2.32M€2.26M▼
Income taxes67/77€649k€553k▼
Taxes670/3€700k€553k▼
Tax adjustments and reversals of tax provisions77€51k€0▼
Profit (loss) for the period9904€1.67M€1.71M▲
Profit (loss) for the period to be appropriated9905€1.67M€1.71M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.81M€1.94M▼
Profit (loss) brought forward from the previous period14P€4.14M€230k▼
Profit to be distributed694/7€5.58M€0▼
Return on contributions (dividend)694€5.58M€0▼
Social balance
Average headcount (FTE)908718.321.3▲
The notes to these accounts (58 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €20.55M | €23.00M | €28.61M | €35.47M | €42.91M | ▲ 21.0% |
| Turnover70 | €20.41M | €22.71M | €27.23M | €34.77M | €42.51M | ▲ 22.3% |
| Other operating income74 | €145k | €293k | €1.38M | €701k | €393k | ▼ 43.9% |
| Non-recurring operating income76A | €2k | €0 | - | - | - | - |
| Operating charges60/66A | €17.81M | €18.42M | €24.87M | €33.55M | €40.64M | ▲ 21.1% |
| Goods for resale, raw materials and consumables60 | €9.73M | €10.34M | €13.12M | €19.14M | €24.43M | ▲ 27.7% |
| Purchases600/8 | €10.36M | €10.34M | €13.60M | €19.62M | €24.79M | ▲ 26.3% |
| Change in stocks: decrease (increase)609 | €-627k | €-6k | €-483k | €-483k | €-356k | ▲ 26.4% |
| Services and other goods61 | €4.21M | €4.01M | €5.64M | €7.85M | €8.92M | ▲ 13.6% |
| Remuneration, social security and pensions62 | €3.03M | €3.62M | €5.37M | €6.31M | €6.88M | ▲ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €49k | €55k | €56k | €68k | ▲ 20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €73k | €-51k | €12k | €93k | €-85k | ▼ 191% |
| Other operating charges640/8 | €726k | €446k | €654k | €101k | €418k | ▲ 312% |
| Non-recurring operating charges66A | €0 | - | €9k | €0 | - | - |
| Operating profit (loss)9901 | €2.74M | €4.59M | €3.75M | €1.92M | €2.27M | ▲ 18.0% |
| Financial income75/76B | €26k | €53k | €341k | €435k | €46k | ▼ 89.5% |
| Recurring financial income75 | €26k | €53k | €341k | €435k | €46k | ▼ 89.5% |
| Income from current assets751 | €26k | €53k | €321k | €424k | €46k | ▼ 89.2% |
| Other financial income752/9 | €231 | €151 | €19k | €11k | €0 | ▼ 100% |
| Financial charges65/66B | €19k | €77k | €25k | €42k | €50k | ▲ 18.8% |
| Recurring financial charges65 | €19k | €77k | €25k | €42k | €50k | ▲ 18.8% |
| Debt charges650 | €11k | €10k | €16k | €37k | €43k | ▲ 17.0% |
| Other financial charges652/9 | €8k | €67k | €9k | €5k | €7k | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | €2.75M | €4.56M | €4.06M | €2.32M | €2.26M | ▼ 2.2% |
| Income taxes67/77 | €764k | €1.14M | €1.02M | €649k | €553k | ▼ 14.8% |
| Taxes670/3 | €764k | €1.15M | €1.04M | €700k | €553k | ▼ 21.0% |
| Tax adjustments and reversals of tax provisions77 | - | €7k | €17k | €51k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1.99M | €3.42M | €3.04M | €1.67M | €1.71M | ▲ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €1.99M | €3.42M | €3.04M | €1.67M | €1.71M | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.71M | €16.14M | €23.17M | €15.71M | €20.80M | ▲ 32.4% |
| Fixed assets21/28 | €300k | €277k | €240k | €203k | €310k | ▲ 52.9% |
| Tangible fixed assets22/27 | €299k | €276k | €240k | €203k | €310k | ▲ 52.9% |
| Plant, machinery and equipment23 | €44k | €50k | €56k | €49k | €88k | ▲ 77.3% |
| Furniture and vehicles24 | €44k | €43k | €36k | €31k | €68k | ▲ 122% |
| Other tangible fixed assets26 | €211k | €183k | €149k | €123k | €155k | ▲ 25.8% |
| Financial fixed assets28 | €218 | €218 | €0 | - | - | - |
| Other financial fixed assets284/8 | €218 | €218 | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €218 | €218 | €0 | - | - | - |
| Current assets29/58 | €12.41M | €15.86M | €22.92M | €15.51M | €20.49M | ▲ 32.1% |
| Stocks and contracts in progress3 | €2.20M | €2.20M | €2.69M | €3.17M | €3.52M | ▲ 11.2% |
| Stocks30/36 | €2.20M | €2.20M | €2.69M | €3.17M | €3.52M | ▲ 11.2% |
| Goods purchased for resale34 | €2.20M | €2.20M | €2.69M | €3.17M | €3.52M | ▲ 11.2% |
| Amounts receivable within one year40/41 | €9.03M | €12.20M | €18.67M | €10.92M | €12.49M | ▲ 14.4% |
| Trade receivables40 | €2.91M | €5.18M | €7.38M | €7.97M | €11.39M | ▲ 42.9% |
| Other amounts receivable41 | €6.12M | €7.01M | €11.29M | €2.95M | €1.10M | ▼ 62.7% |
| Cash at bank and in hand54/58 | €1.18M | €1.46M | €1.57M | €1.41M | €4.47M | ▲ 217% |
| Deferred charges and accrued income490/1 | €3k | €473 | €3k | €9k | €531 | ▼ 94.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.71M | €16.14M | €23.17M | €15.71M | €20.80M | ▲ 32.4% |
| Equity10/15 | €8.86M | €12.28M | €4.16M | €250k | €1.96M | ▲ 684% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €8.84M | €12.26M | €4.14M | €230k | €1.94M | ▲ 744% |
| Amounts payable17/49 | €3.84M | €3.86M | €19.00M | €15.46M | €18.84M | ▲ 21.9% |
| Amounts payable within one year42/48 | €3.82M | €3.86M | €19.00M | €15.17M | €18.10M | ▲ 19.4% |
| Trade debts44 | €2.73M | €2.44M | €6.16M | €8.01M | €16.42M | ▲ 105% |
| Suppliers440/4 | €2.73M | €2.44M | €6.16M | €8.01M | €16.42M | ▲ 105% |
| Advances received on contracts in progress46 | €23k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €1.07M | €1.41M | €1.68M | €1.57M | €1.68M | ▲ 7.1% |
| Taxes450/3 | €32k | €467k | €177k | €30k | €26k | ▼ 11.7% |
| Remuneration and social security454/9 | €1.04M | €943k | €1.50M | €1.54M | €1.65M | ▲ 7.4% |
| Other amounts payable47/48 | €3k | €3k | €11.17M | €5.58M | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €21k | €0 | - | €295k | €740k | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.99M | €3.42M | €3.04M | €1.67M | €1.71M | ▲ 2.7% |
| + Depreciation and write-downs630 | €48k | €49k | €55k | €56k | €68k | ▲ 20.2% |
| Operating cash flow (approximation) | €2.03M | €3.47M | €3.10M | €1.72M | €1.78M | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €-26k | €-19k | €-19k | €-175k | ▼ 828% |
| Change in cash | - | €287k | €104k | €-156k | €3.06M | ▲ 2,063% |
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
03-09
State Gazette act
Resignation: Luigi Longinotti (director)Appointment: Juan Vila Alvarez (director) · Reappointment: EY Reviseurs d'Entreprises (statutory auditor) · Permanent representative: Daniel Wuyts11 facts ▸
State Gazette act
Resignation: Luigi Longinotti (director)
Appointment: Juan Vila Alvarez (director) · Reappointment: EY Reviseurs d'Entreprises (statutory auditor) · Permanent representative: Daniel Wuyts11 facts ▸
- General meeting, 30-06-2026
- Director resignation, Luigi Longinotti (director)
- Director discharge, Luigi Longinotti
- Director appointment, Juan Vila Alvarez (director)
- Board composition, Bastiaan Sibeijn Lodewijk (director)
- Board composition, Juan Vila Alvarez (director)
- Auditor reappointment, EY Reviseurs d'Entreprises (statutory auditor)
- Permanent representative, Daniel Wuyts (permanent representative)
- Power of attorney, Stéphane Bertouille
- Power of attorney, Valentine Pacco
- Power of attorney, Marie Capucine Michelot
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1MEq €1.96M ▲684%
7 profitable years in a row build equity to €1.96M.
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 46 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Highest result since 2018net €3.42M ▲72.1%
Operating result €4.59M, net result €3.42M, both a record.
31-12
Financial
Equity above €10MEq €12.28M ▲38.6%
4 profitable years in a row build equity to €12.28M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Equity above €5MEq €8.86M ▲94.1%
3 profitable years in a row build equity to €8.86M.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts
Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Juan Vila Alvarez
CurrentDirector · since 30-06-2026
03-09-2026
Luigi Longinotti: Resigned as Director
30-06-2026
Juan Vila Alvarez: Appointed as Director
Not every act has been read: a resignation may be missing here
22 of this company's 23 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Burgemeester Etienne Demunterl. 51090 Jette1 establishment unit
Orphan Europe Benelux
since 20042.142.290.530
Statutory auditor
1 auditor| EY Réviseurs d'entreprisesCurrent Statutory auditor · represented by Daniel Wuyts | 03-09-2026 → present |
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A. IN BREVE RECORDATI S.P.A.
Milano, Italy
controls
RECORDATIBE 0865.786.069
Recognitions · licences · registrations
Legal Entity Identifier
894500M2176Z83MC9A43
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Of 1,897 companies in sector 46460 we hold annual accounts for 1,116. 701 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
Founded15-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
Scores and ratios are computed by Checked and are not a credit decision.