Debts
€24,771 86% of the balance sheet
Financial debts 65%Suppliers 9%Other 26%
Of this, €8,771 falls due within a year.
RecReate
Lifetime
6 annual accounts with figures on one time axispeak €10,621 (2022)
€4,815▼ 45.7%
lowest -€7,983 (2023)
-€4,000▼ €7,798
peak €15,328 (2022)
€4,098▼ 49.8%
€24,771▼ 19.1%
Board1 name since 2019
1 directorRoelandt Ruan
Documentsfilings and deeds
20-01-202611 days before the deadline
2025micro format
Gross margin from €8,875 to €4,815Loss of €4,000Equity from €8,168 to €4,098Debts from €30,638 to €24,771Cash from €2,063 to €201
Key points
from the 2025 annual accountsFilings
6 annual accounts since 2020
The last five annual accounts were filed 0 to 63 days before the end of the period.
Position in the sector
€4,098
Less equity than 84% of companies in construction of buildings. Sector median €45,617 · 9,434 companies.
Checked score
37
Weak
Financially stronger than 24% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,457 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 2.9%▲ +0.1 percentage points vs 12-2024
02-2025: 3.3%▲ +0.4 percentage points vs 01-2025
03-2025: 3.2%▼ -0.1 percentage points vs 02-2025
04-2025: 3.0%▼ -0.2 percentage points vs 03-2025
05-2025: 3.0%● unchanged vs 04-2025
06-2025: 3.0%● unchanged vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025
08-2025: 2.9%▼ -0.2 percentage points vs 07-2025
09-2025: 3.0%▲ +0.1 percentage points vs 08-2025
10-2025: 3.3%▲ +0.3 percentage points vs 09-2025
11-2025: 3.2%▼ -0.1 percentage points vs 10-2025
12-2025: 3.1%▼ -0.1 percentage points vs 11-2025
01-2026: 3.5%▲ +0.4 percentage points vs 12-2025
02-2026: 3.4%▼ -0.1 percentage points vs 01-2026
03-2026: 2.7%▼ -0.7 percentage points vs 02-2026lowest value
04-2026: 2.7%● unchanged vs 03-2026lowest value
05-2026: 2.8%▲ +0.1 percentage points vs 04-2026
06-2026: 2.8%● unchanged vs 05-2026
07-2026: 2.7%▼ -0.1 percentage points vs 06-2026
08-2026: 3.9%▲ +1.2 percentage points vs 07-2026
09-2026: 4.0%▲ +0.1 percentage points vs 08-2026
10-2026: 4.6%▲ +0.6 percentage points vs 09-2026highest value
11-2026: 4.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
1 change of registered office in 24 months
Founded in 2019
lowers risk
Size: total assets €28,869
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 21% of them on solvency, 34% on liquidity, 29% on profitability and 11% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,133 companies had the same profile as RecReate has now. Each dot stands for 3 companies, two years later.
86.4%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RecReate itself: 4.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,133 companies, not a prediction for RecReate. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is ample, with a current ratio of 1.76 (1.88 in 2024), above the usual 1.5. Short-term debt is 30.4% and cash 0.7% of total assets. However, 85.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9431 sector peers (2025).
NBB · sector comparisonPosition among 9431 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 days early
2024
on the day
2023
47 days early
2022
63 days early
2021
26 days early
2020
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 29 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 5 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Recent changes
Registered office moved from Waarschoot to Ertvelde
New registered office: Snoekstraat 43, 9940 Ertvelde · Previous registered office: Krakeelhoek 10, 9950 Waarschoot · General meeting of 09-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0739737935
Registered office moved from Evergem to Lievegem
New registered office: Krakeelhoek 10 te 9950 Lievegem · Previous registered office: Wellingstraat 2 bus B/000 te 9940 Evergem · General meeting of 03-03-2021 · Gazette deed
First establishment
Snoekstraat 43, Evergem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RecReate Evergem | €28,869 | €4,815 | 14.2% | - |
| WOU! Projects Ranst | €28,460 | €5,037 | 7.2% | - |
| CHELU RENOV Brussels | €29,671 | €5,426 | 86.7% | - |
| WR FALCON CONSTRUCT Evere | €32,297 | €5,208 | 22.1% | - |
| DJ CONSTRUCTION Quévy | €33,188 | €5,708 | 16.8% | - |
| NECOS Drogenbos | €29,474 | €4,243 | 93.8% | - |
| Alreyo Sint-Niklaas | €24,243 | €5,086 | 58.9% | - |
These companies have the same main activity as RecReate: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €24,200 and €33,200, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 18-12-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.297.881.9939940 Evergem, since 02-01-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 18-12-2024
Annual accounts to 30-06-2025
- ≈ €58,000estimated
- €28,869▼ 25.6%
- Filing
- Filed on 20-01-2026, 11 days before the end of the filing period
Insights on RecReate
RecReate files the micro format. That format states no turnover. The gross margin fell from €7,054 in 2020 to €4,815 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RecReate
- What is the company number of RecReate?
- The company number of RecReate is 0739.737.935. The VAT number is the same number with BE in front: BE 0739.737.935.
- Where is RecReate based?
- The registered office is at Snoekstraat 43, 9940 Evergem.Company details
- What does RecReate do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of RecReate?
- RecReate is a private limited company (BV).
- When was RecReate founded?
- RecReate was founded on 18-12-2019.
- Is RecReate still active?
- Yes, RecReate is an active enterprise in the KBO register.
- What is the turnover of RecReate?
- The turnover in financial year 2025 is ≈ €58,000. This figure is estimated from the gross margin of €4,815 and 266 comparable companies (NACE 41001). It probably lies between €30,000 and €100,000. It is a rough estimate.Financials
- Is RecReate profitable?
- In financial year 2025, RecReate made a loss of €4,000.
- Where can I find the annual accounts of RecReate?
- RecReate filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RecReate due?
- RecReate must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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