RECOVA
ActiveSummary
RECOVA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €293,925 and a net result of -€60,908. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-93
Solvency72▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.25 against 1.64 in 2024; short-term debt: 39% and cash: 1.9% of total assets), and 53.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 filingsDeviation from the deadline
2025
23 d early
2024
76 d early
2023
84 d early
2022
49 d early
2021
80 d early
2020
31 d late
2019
80 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 52 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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 16 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€293,925▼ 25.6%
2024 · €394,833
Total assets
€627,963▼ 13.2%
2024 · €723,602
Net result
-€60,908
2024 · €215,128
Working capital
-€184,193
2024 · €71,944
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,227▼ 14.7%€19,482▲ 170%€29,734▲ 52.6%€21,443▼ 27.9%-€52,852
Net result€851within the sector's middle half▼ 80.7%€6,156within the sector's middle half▲ 624%€57,935above the sector's middle half▲ 841%€215,128above the sector's middle half▲ 271%-€60,908below the sector's middle half
Equity€115,613within the sector's middle half▲ 0.7%€121,770within the sector's middle half▲ 5.3%€179,705above the sector's middle half▲ 47.6%€394,833above the sector's middle half▲ 120%€293,925above the sector's middle half▼ 25.6%
Total assets€1.4mabove the sector's middle half▼ 4.1%€1.0mabove the sector's middle half▼ 23.7%€880,425above the sector's middle half▼ 15.1%€723,602above the sector's middle half▼ 17.8%€627,963above the sector's middle half▼ 13.2%
Debt€1.2m▼ 4.5%€914,815▼ 26.4%€700,720▼ 23.4%€328,768▼ 53.1%€334,037▲ 1.6%
Working capital-€652,850below the sector's middle half▼ 13.3%-€514,273below the sector's middle half▲ 21.2%-€287,325below the sector's middle half▲ 44.1%€71,944within the sector's middle half-€184,193below the sector's middle half
Solvency8.5%below the sector's middle half▲ 0.4pp11.7%below the sector's middle half▲ 3.2pp20.4%within the sector's middle half▲ 8.7pp54.6%within the sector's middle half▲ 34.2pp46.8%within the sector's middle half▼ 7.8pp
Current ratio0.24below the sector's middle half▼ 0.060.28below the sector's middle half▲ 0.040.34below the sector's middle half▲ 0.061.64within the sector's middle half▲ 1.300.25below the sector's middle half▼ 1.39
Return on assets (ROA)0.1%within the sector's middle half▼ 0.2pp0.6%within the sector's middle half▲ 0.5pp6.6%within the sector's middle half▲ 6.0pp29.7%above the sector's middle half▲ 23.1pp-9.7%below the sector's middle half▼ 39.4pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing 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 turns negative in 2025: a loss of €52,852 after €21,443 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €627,963
Fixed assets
€567,211 ▲ 5.3%
Current assets
€60,751 ▼ 67.2%
Equity and liabilities €627,963
Equity
€293,925 ▼ 25.6%
Debt
€334,037 ▲ 1.6%
Debt's share of the balance-sheet total rises from 45.4% to 53.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,831▼
2024 · €62,402
Cash flow
-€16,888▼
2024 · €256,088
Debt to equity
1.14▲
2024 · 0.83
ROE
-20.7%▼
2024 · 54.5%
Interest coverage
-1.06▼
2024 · 6.82
Debt ≤ 1 year
€244,944▲
2024 · €113,188
Debt > 1 year
€82,568▼
2024 · €214,080
Income taxes
-€78▼
2024 · €12,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 8,611 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,691 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,840 | €36,193 | €40,812 | €40,959 | €44,020 | ▲ 7.5% |
| Other operating charges640/8 | €3,269 | €4,606 | €3,562 | €2,973 | €3,476 | ▲ 16.9% |
| Non-recurring operating charges66A | - | - | €102 | - | - | - |
| Gross operating margin9900 | €52,335 | €60,281 | €74,210 | €65,375 | -€5,355 | ▼ 108% |
| Operating profit (loss)9901 | €7,227 | €19,482 | €29,734 | €21,443 | -€52,852 | ▼ 346% |
| Financial income75/76B | €0 | €38,573 | €40,517 | €215,373 | €203 | ▼ 99.9% |
| Recurring financial income75 | €0 | €7 | €41 | €188 | €203 | ▲ 8.0% |
| Non-recurring financial income76B | - | €38,566 | €40,476 | €215,185 | - | - |
| Financial charges65/66B | €5,715 | €47,377 | €4,565 | €9,150 | €8,337 | ▼ 8.9% |
| Recurring financial charges65 | €5,715 | €47,377 | €4,565 | €9,150 | €8,337 | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | €1,512 | €10,678 | €65,687 | €227,666 | -€60,986 | ▼ 127% |
| Income taxes67/77 | €662 | €4,522 | €7,752 | €12,538 | -€78 | ▼ 101% |
| Profit (loss) for the period9904 | €851 | €6,156 | €57,935 | €215,128 | -€60,908 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €851 | €6,156 | €57,935 | €215,128 | -€60,908 | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.0m | €880,425 | €723,602 | €627,963 | ▼ 13.2% |
| Fixed assets21/28 | €1.2m | €838,266 | €733,835 | €538,470 | €567,211 | ▲ 5.3% |
| Tangible fixed assets22/27 | €609,942 | €571,251 | €547,820 | €537,270 | €566,011 | ▲ 5.3% |
| Land and buildings22 | €528,063 | €497,003 | €472,012 | €468,465 | €509,601 | ▲ 8.8% |
| Plant, machinery and equipment23 | - | - | - | - | €5,245 | - |
| Furniture and vehicles24 | €5,686 | €3,190 | €13,613 | €7,997 | €1,839 | ▼ 77.0% |
| Leasing and similar rights25 | - | - | - | €7,474 | €4,854 | ▼ 35.1% |
| Other tangible fixed assets26 | €76,192 | €71,057 | €62,196 | €53,334 | €44,472 | ▼ 16.6% |
| Financial fixed assets28 | €543,037 | €267,015 | €186,015 | €1,200 | €1,200 | = |
| Current assets29/58 | €205,887 | €198,319 | €146,590 | €185,132 | €60,751 | ▼ 67.2% |
| Amounts receivable within one year40/41 | €18,434 | €27,274 | €19,669 | €18,756 | €15,308 | ▼ 18.4% |
| Trade receivables40 | €15,434 | €27,274 | €19,669 | €15,956 | €15,308 | ▼ 4.1% |
| Other amounts receivable41 | €3,000 | - | - | €2,800 | - | - |
| Cash at bank and in hand54/58 | €25,783 | €11,420 | €18,627 | €88,859 | €12,003 | ▼ 86.5% |
| Deferred charges and accrued income490/1 | €161,670 | €159,625 | €108,294 | €77,517 | €33,440 | ▼ 56.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.0m | €880,425 | €723,602 | €627,963 | ▼ 13.2% |
| Equity10/15 | €115,613 | €121,770 | €179,705 | €394,833 | €293,925 | ▼ 25.6% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €15,691 | €15,691 | €29,705 | €29,705 | €29,705 | = |
| Non-distributable reserves130/1 | €2,844 | €2,844 | - | - | - | - |
| Reserves not available under the articles1311 | €2,844 | €2,844 | - | - | - | - |
| Distributable reserves133 | €12,848 | €12,848 | €29,705 | €29,705 | €29,705 | = |
| Profit (loss) carried forward14 | -€50,078 | -€43,922 | - | €215,128 | €114,220 | ▼ 46.9% |
| Amounts payable17/49 | €1.2m | €914,815 | €700,720 | €328,768 | €334,037 | ▲ 1.6% |
| Amounts payable after more than one year17 | €383,843 | €202,223 | €266,805 | €214,080 | €82,568 | ▼ 61.4% |
| Financial debts170/4 | €383,843 | €202,223 | €266,805 | €214,080 | €82,568 | ▼ 61.4% |
| Amounts payable within one year42/48 | €858,736 | €712,592 | €433,915 | €113,188 | €244,944 | ▲ 116% |
| Current portion of amounts payable after more than one year42 | €89,488 | €44,764 | €55,862 | €60,651 | €32,227 | ▼ 46.9% |
| Trade debts44 | €545 | €4,931 | €3,290 | €11,207 | €927 | ▼ 91.7% |
| Suppliers440/4 | €545 | €4,931 | €3,290 | €11,207 | €927 | ▼ 91.7% |
| Taxes, remuneration and social security45 | €7,931 | €1,669 | €8,745 | €7,251 | €5,211 | ▼ 28.1% |
| Taxes450/3 | €7,931 | €1,669 | €8,745 | €7,251 | €5,211 | ▼ 28.1% |
| Other amounts payable47/48 | €760,773 | €661,227 | €366,019 | €34,079 | €206,579 | ▲ 506% |
| Accrued charges and deferred income492/3 | €673 | - | - | €1,500 | €6,526 | ▲ 335% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €851 | €6,156 | €57,935 | €215,128 | -€60,908 | ▼ 128% |
| + Depreciation and write-downs630 | €41,840 | €36,193 | €40,812 | €40,959 | €44,020 | ▲ 7.5% |
| Operating cash flow (approximation) | €42,690 | €42,350 | €98,747 | €256,088 | -€16,888 | ▼ 107% |
| Investment in fixed assets (approximation) | - | €278,520 | €63,619 | €154,406 | -€72,762 | ▼ 147% |
| Change in cash | - | -€14,363 | €7,208 | €70,231 | -€76,856 | ▼ 209% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
05-05
State Gazette act
General meeting · Director resignation
Declaration · Director appointment
05-05
State Gazette act
General meeting · Director resignation
Declaration · Representation rule
09-04
State Gazette act
General meeting · Director resignation
Declaration · Director appointment
09-04
State Gazette act
General meeting · Director resignation
Permanent representative · Declaration
2025
31-12
Financial
Weakest financial yearnet -€60,908
Net result drops to -€60,908, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €215,128 ▲271%
Net result €215,128, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 1.64
Current ratio from 0.34 to 1.64; short-term debt falls from €433,915 to €113,188.
31-12
Financial
Equity above €200,000Eq €394,833 ▲120%
5 profitable years in a row build equity to €394,833.
30-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Show earlier events
2023
31-12
Financial
Equity above €150,000Eq €179,705 ▲47.6%
4 profitable years in a row build equity to €179,705.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
07-01
State Gazette act
General meeting · Capital decrease
Capital · Corporate purpose · Marc SLEDSENS
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €4,403
Net result €4,403 after 2 loss-making years.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Leuven · 1 establishment unit since 1996
Ground area
3,169 m²
Building footprint
2,453 m²
Volume, LiDAR
68,204 m³
Parcel 24062A0074/00M000, Flanders · tallest building 38.6 m, ±9 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Vaartkom 35, 3000 Leuven
since 19962.077.909.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0074/00M000 | Flanders | 3,169 m² | 1 · 2,452 m² | 38.6 m · 9 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the 2025 annual accounts of RECOVA 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
5 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
COPIEPRESSE
Shared director
→
Econopolis Wealth Management
Shared director
→
FONDATION RECHERCHE ALZHEIMER
Shared director
→
HeiligHartziekenhuis Lier v.z.w.
Shared director
→
Show 1 more companies with a shared director
Kinderdagverblijf De Pallieterkes VZW
Shared director
→
Ownership & control
4 board mandatesBoard mandates of this companythis company sits on their board4
Recognitions · licences · registrations
Legal Entity Identifier
2549004HZ2VDCGXWPP41
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Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
70200Business and other management consultancy
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458098435
Also
9925:BE0458098435
Registered
05-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
1. Verslag raad van bestuur. 2. Goedkeuring van de jaarrekening 2005. 3. Bestemming resultaat. 4. Décharge aan de bestuurders. 5. Diversen. (12484) V D P, naamloze vennootschap, Vaatjesstraat 46, 2580 Putte Ondernemingsnummer 0459.315.784 Jaarvergadering op 02/05/2006, om 20 uur, ten zetel. — Agenda : 1. Verslag raad van bestuur. 2. Goedkeuring van de jaarrekening 2005. 3. Bestemming resultaat. 4. Décharge aan de bestuurders. 5. Diversen.