RECREATUS
ActiveSummary
The computed 12-month bankruptcy probability of RECREATUS is 2.1% (moderate). The 2024 annual accounts show equity of €16k and a net result of €2k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 26043 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+23
Solvency45▲+6
Growth52=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.16 in 2023; short-term debt: 80.5% and cash: 24.6% of total assets), and 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.5%
Return on assets
1.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
132 d late
2022
121 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€16k▲ 10.2%
2023 · €15k
2022: €10k
2023: €15k
2022 → 2024
Total assets
€83k▼ 23.4%
2023 · €109k
2022: €44k
2023: €109k
2022 → 2024
Net result
€2k▼ 66.9%
2023 · €5k
2022: €5k
2023: €5k
2022 → 2024
Working capital
€5k▼ 63.7%
2023 · €15k
2022: €10k
2023: €15k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€10k-€15k▲ 44.8%€16k▲ 10.2%
Operating result€7k-€6k▼ 10.5%€3k▼ 56.7%
Net result€5k-€5k▼ 12.3%€2k▼ 66.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 57% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83k
Fixed assets
€11k
Current assets
€73k
Equity and liabilities €83k
Equity
€16k ▲ 10.2%
Debt
€67k ▼ 28.7%
Debt's share of the balance-sheet total falls from 86.4% to 80.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k
Cash flow
€4k
Current ratio
1.08▼
2023 · 1.16
Quick ratio
0.89▼
2023 · 0.94
Debt to equity
4.12▼
2023 · 6.37
ROE
9.3%▼
2023 · 30.9%
ROA
1.8%▼
2023 · 4.2%
Interest coverage
87.62
Debt ≤ 1 year
€67k▼
2023 · €94k
Income taxes
€1k▼
2023 · €1k
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€109k€83k▼
Fixed assets21/28-€11k
Tangible fixed assets22/27-€11k
Furniture and vehicles24-€11k
Current assets29/58€109k€73k▼
Stocks and contracts in progress3€20k€13k▼
Stocks30/36€20k€13k▼
Amounts receivable within one year40/41€12k€39k▲
Trade receivables40€12k€39k▲
Other amounts receivable41-€165
Cash at bank and in hand54/58€76k€21k▼
Equity and liabilities
Total equity and liabilities10/49€109k€83k▼
Equity10/15€15k€16k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€10k€11k▲
Amounts payable17/49€94k€67k▼
Amounts payable within one year42/48€94k€67k▼
Trade debts44€15k-
Suppliers440/4€15k-
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€16k€6k▼
Other amounts payable47/48€63k€61k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€112€1k▲
Gross operating margin9900€6k€6k▼
Operating profit (loss)9901€6k€3k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€100€53▼
Recurring financial charges65€100€53▼
Profit (loss) for the period before taxes9903€6k€3k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€11k▲
Profit (loss) brought forward from the previous period14P€5k€10k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €2k ▼66.9%
Net result drops to €2k, the lowest in the series.
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ieper · 1 establishment unit since 2021
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.
Kennedylaan 288900 IeperGround area
633 m²
Building footprint
172 m²
Volume, LiDAR
854 m³
Parcel 33304B0222/00Z000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RECREATUS
since 20212.313.585.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33304B0222/00Z000 | Flanders | 633 m² | 1 · 172 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Pro Dental JEN
BE 0640.826.045
Jemeppe-sur-Sambre · Eq €16,092
Heymans Scarcare
BE 0728.601.048
Grez-Doiceau · Eq €16,597
T HOORHOF
BE 0838.448.796
Tienen · Eq €15,892
DEWINJU
BE 0789.740.544
Destelbergen · Eq €15,768
SCOOTBRUSSEL
BE 0753.566.670
Dendermonde · Eq €16,905
Of 1,070 companies in sector 47741 we hold annual accounts for 644. 294 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
77225Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.