Equity
-€6,846
Debts exceed assets in financial year 2025.
ReCreate Development
Overview
Lifetime
1 annual account with figurespeak -€8,094 (2025)
-€8,094
lowest -€8,846 (2025)
-€8,846
peak -€6,846 (2025)
-€6,846
€18,304
Board2 names since 2024
2 directors and 1 other
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Loss of €8,846First year with figures
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Key points
from the 2025 annual accountsDebts
€18,304 160% of the balance sheet
Position in the sector
-59.8%
Lower solvency than 95% of companies in real estate. Sector median 30.7% · 11,297 companies.
2025 accounts filed 26 days after the deadlineTurnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as ReCreate Development has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 7,639 companies, not a prediction for ReCreate Development. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
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Signals
7 signals are hidden.
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Board and ownership
Director
Director
- 10 sharesdeed of 19-03-2024
- 10 sharesdeed of 19-03-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007174853
Incorporation
Founding capital of €2,000, 20 shares · Founders: and · Appointments: (director) and (director) · published on 19-03-2024 · Gazette deed
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Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ReCreate Development La Hulpe | €11,458 | -€8,094 | -59.8% | - |
| SmartBuilding.Ventures Antwerp | €10,648 | €204 | 92.4% | - |
| MERCURIUS INVEST Heusden-Zolder | €10,028 | -€79,498 | -917.1% | - |
| SORECO De Haan | €13,893 | €610 | 88.1% | - |
| VANI PROJECTS Londerzeel | €13,404 | -€10,132 | -122.6% | - |
| VVS Woningbouw Affligem | €14,754 | -€2,096 | 100.0% | - |
| B & C VAN WAUWE Nijlen | €13,571 | -€1,592 | 1.6% | - |
These companies have the same main activity as ReCreate Development: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €10,000 and €14,800, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 15-03-2024Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 27-01-2026
Insights on ReCreate Development
ReCreate Development has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,846) and a net result of -€8,846.
Its solvency ranks better than 5% of 11,297 sector peers (NACE 68, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 26-08-2026, 26 days late-€8,094
-€8,757
-€8,846
-€6,846
-59.8%
0.63
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €11,458 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-59.8%
Lower than 95% of 11,297 companies in 2025.
0.63
Higher than 32% of 10,849 companies in 2025.
-77.2%
Lower than 95% of 11,182 companies in 2025.
ReCreate Development
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
11,458 | |
29/58 |
11,458 | |
3 |
8,861 | |
30/36 |
8,861 | |
40/41 |
103 | |
41 |
103 | |
54/58 |
2,493 | |
| Balance sheet: equity and liabilities | ||
10/49 |
11,458 | |
10/15 |
-6,846 | |
10/11 |
2,000 | |
10 |
2,000 | |
100 |
2,000 | |
14 |
-8,846 | |
17/49 |
18,304 | |
42/48 |
18,304 | |
47/48 |
18,304 | |
| Income statement | ||
9900 |
-8,094 | |
630 |
663 | |
9901 |
-8,757 | |
65/66B |
89 | |
65 |
89 | |
9903 |
-8,846 | |
9904 |
-8,846 | |
9905 |
-8,846 | |
| Appropriation of the result | ||
9906 |
-8,846 | |
| Document | ||
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00426160.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00426160 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -8,094 | ||
| -8,183 | ||
| -6,846 | ||
| -59.8% | ||
| 0.63 | ||
| 0.14 | ||
| -77.2% | ||
| -90.99 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ReCreate Development
Equity is negative. Debt (€18,304) exceeds the balance-sheet total (€11,458).
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 19-03-2024
term without a fixed end
also on the board of 1 other company
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Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 19-03-2024, still in office
-
- Director (not named in the articles), appointed by deed of 19-03-2024, still in office
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Control
Founders
,
This company
ReCreate Development
Equity -€6,846
Loss €8,846 in 2025
2 names are hidden.
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Capital
- Contribution
- €2,000
- Shares
- 20
- Contribution per share
- €100
- Equity per share
- -€342 in 2025
- Source
- deed of 19-03-2024
Articles of association
deed of 19-03-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 16:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “2:70 et suivants du Code des sociétés et des associations, 2:73”
Shareholders
At incorporation
deed of 19-03-2024 ↗
- 10 shares (50%)
- 10 shares (50%)
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Network & group
No group
ReCreate Development has no parent and no holdings in its annual accounts.
At the same address
Clos du Ransbeck 1, 1310 La Hulpe · 3 other companies| QUANTIC
registered office since 16-11-2017 · founded in 2017 |
total assets €65,831 (2025) 0684.745.962 |
| Vanham, Christine (sole trader)
establishment since 01-08-2005 |
founded in 2017 0877.382.915 |
| Dethier, Philippe (sole trader)
establishment since 26-09-2002 |
founded in 2018 0758.337.981 |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
via · Director (not named in the articles) · deed of 01-08-2022
Founded in 2017 · total assets €65,831 (2025)
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Timeline
Timeline
3 events since 2024Filings
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 26 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007174853
2024
IncorporationFounding capital of €2,000, 20 shares · Founders: and · Appointments: (director) and (director) · published on 19-03-20248 points ▸
- Founder,
- Founding capital, €2,000, 20 shares
- Capital, €2,000, 20 shares
- Registered office clause, Clos du Ransbeck, 1 à 1310 La Hulpe
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- Permanent representative,
- Founder,
- The deed holds 9 more points.
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Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1007.174.853
- VAT number
- BE 1007.174.853
- Peppol ID
- 0208:1007174853
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 16:00deed of 19-03-2024 (in French)
- Peppol
- Reachable since 27-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ReCreate Development in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-03-2024 (in French)
- Name clauseThe company operates under this name according to its articles.
- ReCreate Developmentdeed of 19-03-2024 (in French)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
68100
Real estate activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toute transaction,l'achat,la vente,la gestion,la construction,publique et privée,le leasing,la transformation,la rénovation,l'aménagement,la…”deed of 19-03-2024 (in French)
7 activities
- Toute transaction,l'achat,la vente,la gestion,la construction,publique et privée,le leasing,la transformation,la rénovation,l'aménagement,la décoration,la location,la sous-location,l'exploitation,l'échange,la promotion,la sous-traitance,la coordination de sous-traitants,et en général tout ce qui se rattache directement ou indirectement à la mise en valeur des propriétés immobilières belges ou étrangères,bâties ou non bâties,le tout pour compte de la société
- La réalisation d'études urbanistiques,telles que projet de lotissement,projet d'équipements,voirie,eau,électricité
- L'entreprise générale de construction et de rénovation
- De mener toutes opérations financières,de gestion,de commission,de courtage et de recherches,plus spécialement l'achat,la souscription,la vente,l'échange,et la gestion de toutes valeurs mobilières et immobilières,actions,parts sociales et obligations,la prise de participation sous quelque forme que ce soit,dans toutes les sociétés et entreprises industrielles,commerciales et financières existantes ou à créer,ainsi que tous les placements dépôts et crédits,prêts,avances ou garanties pour compte de la société
- Conclure toutes conventions de collaboration,de rationalisation,d'association ou autres avec toutes personnes physiques ou morales
- La prestation de services d'assistance,sous quelque forme que ce soit,en vue de l'étude,la surveillance et la direction de toutes opérations réalisées par des sociétés tierces ou ayant un rapport avec son objet social
- La conception,l'invention,la fabrication,la construction,l'importation,l'exportation,l'achat,la vente,la distribution,l'entretien,l'exploitation tant en nom propre qu'en qualité d'agent,de commissionnaire ou de courtier:1.de tout bien immobilier accessoire aux biens immobiliers susvantés,objets de l'activité principale;2.de parcomètres,ainsi que de tous autres appareils destinés à contrôler,empêcher ou limiter le stationnement de véhicules,tant sur la voie publique que dans les propriétés privées;3.c)de tous véhicules et machines à moteur,de tous accessoires de pièces de rechange,essence,huile,pneumatiques et de tous articles généralement quelconque de garage
Registered office and establishments
| Clos du Ransbeck 1 registered office 1310 La Hulpe |
Buildings and parcels at the address
- Ground area
- 1,524 m²
- Buildings
- 152 m²
- Volume, LiDAR
- 1,013 m³
- Tallest building
- 8.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25050C0053/00X006 | 1,524 m² | 1 · 152 m² | 8.8 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1007.174.853