RECOVIN
RECOVIN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €1k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 40% of 875 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
| Equity | €77k |
| Net result | €1k |
| Better than sector | 40% |
| Active | 28 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 20.3% | 35.1% | |
| Net result | €1k | €10k | |
| Equity | €77k | €40k | |
| Gross operating margin | €16k | €32k | |
| Total assets | €379k | €131k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €15k | €17k | €24k |
| Net profit | €1k | €3k | €9k |
| Cash flow | €8k | €10k | €16k |
| Staff costs | - | - | - |
| Income taxes | €948 | €2k | €4k |
| Dividends | - | - | - |
| Total assets | €379k | €418k | €357k |
| Equity | €77k | €76k | €74k |
| Debt | €302k | €342k | €283k |
| of which ≤ 1y | €275k | €305k | €283k |
| of which > 1y | €27k | €37k | - |
| Working capital | €77k | €81k | €36k |
| Employees (FTE) | - | - | - |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.28 | 1.27 | 1.13 |
| Quick ratio | 0.21 | 0.23 | 0.28 |
| Working capital ratio | 20.2% | 19.5% | 9.9% |
| Solvency | 20.3% | 18.3% | 20.8% |
| Debt / equity | 3.93 | 4.47 | 3.82 |
| Long-term debt ratio | 0.35 | 0.48 | - |
| Interest coverage | 2.08 | 2.66 | 4.30 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 0.4% | 0.7% | 2.5% |
| ROE | 1.8% | 3.9% | 12.2% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €379k | €418k | €357k |
| Fixed assets | 21/28 | €27k | €32k | €39k |
| Tangible fixed assets | 22/27 | €26k | €31k | €37k |
| Financial fixed assets | 28 | €1k | €1k | €1k |
| Current assets | 29/58 | €351k | €386k | €319k |
| Stocks & contracts in progress | 3 | €294k | €315k | €239k |
| Amounts receivable within one year | 40/41 | €48k | €59k | €69k |
| Cash & bank | 54/58 | €9k | €12k | €11k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €379k | €418k | €357k |
| Equity | 10/15 | €77k | €76k | €74k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €55k | €54k | €51k |
| Amounts payable | 17/49 | €302k | €342k | €283k |
| Amounts payable after one year | 17 | €27k | €37k | - |
| Amounts payable within one year | 42/48 | €275k | €305k | €283k |
| Trade debts payable within one year | 44 | €6k | €37k | €35k |
| Income statement | ||||
| Gross operating margin | 9900 | €16k | €18k | €27k |
| Operating result | 9901 | €9k | €10k | €18k |
| Financial income | 75 | €896 | €758 | €797 |
| Financial charges | 65 | €7k | €6k | €6k |
| Result before taxes | 9903 | €2k | €4k | €13k |
| Income taxes | 67/77 | €948 | €2k | €4k |
| Net result for the period | 9904 | €1k | €3k | €9k |
| Result to be appropriated | 9905 | €1k | €3k | €9k |
-
COMES AndréDirectorState Gazette act 24303907 (03-01-2024)Current28-12-2023 → present
-
RENARD ThierryDirectorState Gazette act 24303907 (03-01-2024)Current28-12-2023 → present
| NACE primary | Wholesale of beverages, general range(46349) |
| Legal form | Private limited company(610) |
| Incorporation | 15-05-1998 |
| Status | Active |
| Postal code | 6850 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84050A0163/00_000indicative | Wallonia | 101 m² | 1 · 101 m² | 15.8 m · 4 fl. |
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.
03-01-2024 2 directors appointed
- COMES André, Bestuurder
- RENARD Thierry, Bestuurder
Technical details
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],
"notary": {
"name": "Etienne Beguin",
"firm_city": null,
"firm_name": null,
"office_city": "Beauraing",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-03",
"filing_date": "2023-12-29",
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"subject_company": {
"kbo": "0463.369.097",
"name_full": "RECOVIN",
"legal_form": "SRL"
},
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"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 03/01/2024 - Annexes du Moniteur belge"
],
"corrected_publication_numac": null
}| Legal nameFR | RECOVIN |