Recta
ActiveSummary
Recta has been active since 1951 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166,137 and a net result of €2,531. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 79% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-26
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 14.92 against 35.29 in 2024; short-term debt: 6.5% and cash: 40.8% of total assets), and 22.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.7%
Return on assets
1.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €166,137
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
27 d late
2022
41 d early
2021
27 d early
2020
36 d early
2019
126 d late
← 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 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€166,137▲ 1.5%
2024 · €163,606
Total assets
€213,950▲ 5.3%
2024 · €203,128
Net result
€2,531▼ 89.0%
2024 · €22,919
Working capital
€192,289▲ 1.5%
2024 · €189,356
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,795▼ 59.2%-€13,958-€4,472▲ 68.0%€21,390€2,531▼ 88.2%
Net result€18,795within the sector's middle half▼ 61.4%-€13,958below the sector's middle half-€4,472below the sector's middle half▲ 68.0%€22,919within the sector's middle half€2,531within the sector's middle half▼ 89.0%
Equity€159,117above the sector's middle half▲ 13.4%€145,159within the sector's middle half▼ 8.8%€140,687within the sector's middle half▼ 3.1%€163,606within the sector's middle half▲ 16.3%€166,137within the sector's middle half▲ 1.5%
Total assets€196,629within the sector's middle half▲ 8.1%€192,924within the sector's middle half▼ 1.9%€188,855within the sector's middle half▼ 2.1%€203,128within the sector's middle half▲ 7.6%€213,950within the sector's middle half▲ 5.3%
Debt€37,512▼ 9.9%€47,766▲ 27.3%€48,169▲ 0.8%€39,522▼ 18.0%€47,814▲ 21.0%
Working capital€187,455▲ 11.1%€177,767▼ 5.2%€167,579▼ 5.7%€189,356▲ 13.0%€192,289▲ 1.5%
Solvency80.9%above the sector's middle half▲ 3.8pp75.2%above the sector's middle half▼ 5.7pp74.5%above the sector's middle half▼ 0.7pp80.5%above the sector's middle half▲ 6.0pp77.7%above the sector's middle half▼ 2.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 falls in 2025; 2025 is 88% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213,950
Fixed assets
€7,848 ▼ 4.9%
Current assets
€206,103 ▲ 5.8%
Equity and liabilities €213,950
Equity
€166,137 ▲ 1.5%
Debt
€47,814 ▲ 21.0%
Debt's share of the balance-sheet total rises from 19.5% to 22.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,133▼
2024 · €21,834
Cash flow
€3,133▼
2024 · €23,362
Current ratio
14.92▼
2024 · 35.29
Quick ratio
13.08▼
2024 · 30.48
Debt to equity
0.29▲
2024 · 0.24
ROE
1.5%▼
2024 · 14.0%
ROA
1.2%▼
2024 · 11.3%
Debt ≤ 1 year
€13,814▲
2024 · €5,522
Debt > 1 year
€34,000=
2024 · €34,000
Staff costs
€25,638▲
2024 · €22,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 | €1,333 | €2,914 | €1,421 | - | - | - |
| Remuneration, social security and pensions62 | €6,953 | €12,862 | €13,321 | €22,281 | €25,638 | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €119 | €285 | €444 | €602 | ▲ 35.8% |
| Gross operating margin9900 | €25,748 | -€977 | €9,134 | €44,114 | €28,772 | ▼ 34.8% |
| Operating profit (loss)9901 | €18,795 | -€13,958 | -€4,472 | €21,390 | €2,531 | ▼ 88.2% |
| Financial income75/76B | - | - | - | €1,529 | - | - |
| Recurring financial income75 | - | - | - | €1,529 | - | - |
| Profit (loss) for the period before taxes9903 | €18,795 | -€13,958 | -€4,472 | €22,919 | €2,531 | ▼ 89.0% |
| Profit (loss) for the period9904 | €18,795 | -€13,958 | -€4,472 | €22,919 | €2,531 | ▼ 89.0% |
| Profit (loss) for the period to be appropriated9905 | €18,795 | -€13,958 | -€4,472 | €22,919 | €2,531 | ▼ 89.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,629 | €192,924 | €188,855 | €203,128 | €213,950 | ▲ 5.3% |
| Fixed assets21/28 | €4,662 | €7,392 | €7,107 | €8,250 | €7,848 | ▼ 4.9% |
| Tangible fixed assets22/27 | - | €2,730 | €2,445 | €3,588 | €2,986 | ▼ 16.8% |
| Plant, machinery and equipment23 | - | €2,730 | €2,445 | €2,160 | €1,876 | ▼ 13.2% |
| Furniture and vehicles24 | - | - | - | €1,427 | €1,110 | ▼ 22.2% |
| Financial fixed assets28 | €4,662 | €4,662 | €4,662 | €4,662 | €4,862 | ▲ 4.3% |
| Current assets29/58 | €191,967 | €185,532 | €181,748 | €194,878 | €206,103 | ▲ 5.8% |
| Stocks and contracts in progress3 | €29,555 | €28,577 | €28,027 | €26,566 | €25,438 | ▼ 4.2% |
| Stocks30/36 | €29,555 | €28,577 | €28,027 | €26,566 | €25,438 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €83,874 | €80,950 | €75,372 | €74,816 | €91,440 | ▲ 22.2% |
| Trade receivables40 | €48,439 | €44,050 | €39,140 | €34,338 | €46,130 | ▲ 34.3% |
| Other amounts receivable41 | €35,435 | €36,900 | €36,232 | €40,479 | €45,310 | ▲ 11.9% |
| Cash at bank and in hand54/58 | €78,538 | €76,005 | €78,349 | €91,646 | €87,375 | ▼ 4.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,850 | €1,850 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,629 | €192,924 | €188,855 | €203,128 | €213,950 | ▲ 5.3% |
| Equity10/15 | €159,117 | €145,159 | €140,687 | €163,606 | €166,137 | ▲ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €185,482 | €185,482 | €185,482 | €185,482 | €185,482 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €183,622 | €183,622 | €183,622 | €183,622 | €183,622 | = |
| Profit (loss) carried forward14 | -€44,966 | -€58,923 | -€63,396 | -€40,477 | -€37,946 | ▲ 6.3% |
| Amounts payable17/49 | €37,512 | €47,766 | €48,169 | €39,522 | €47,814 | ▲ 21.0% |
| Amounts payable after more than one year17 | €33,000 | €40,000 | €34,000 | €34,000 | €34,000 | = |
| Financial debts170/4 | €33,000 | €40,000 | €34,000 | €34,000 | €34,000 | = |
| Amounts payable within one year42/48 | €4,512 | €7,766 | €14,169 | €5,522 | €13,814 | ▲ 150% |
| Trade debts44 | €1,733 | €4,365 | - | €4,725 | €9,983 | ▲ 111% |
| Suppliers440/4 | €1,733 | €4,365 | - | €4,725 | €9,983 | ▲ 111% |
| Taxes, remuneration and social security45 | €2,780 | €3,400 | €14,169 | €797 | €3,830 | ▲ 380% |
| Taxes450/3 | €2,780 | - | €3,156 | €797 | €3,830 | ▲ 380% |
| Remuneration and social security454/9 | - | €3,400 | €11,013 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,795 | -€13,958 | -€4,472 | €22,919 | €2,531 | ▼ 89.0% |
| + Depreciation and write-downs630 | - | €119 | €285 | €444 | €602 | ▲ 35.8% |
| Operating cash flow (approximation) | €18,795 | -€13,839 | -€4,187 | €23,362 | €3,133 | ▼ 86.6% |
| Investment in fixed assets (approximation) | - | -€2,849 | €0 | -€1,586 | -€200 | ▲ 87.4% |
| Change in cash | - | -€2,533 | €2,343 | €13,297 | -€4,271 | ▼ 132% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €22,919
Net result €22,919 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 35.29
Current ratio from 12.83 to 35.29; short-term debt falls from €14,169 to €5,522.
31-12
Financial
Equity above €150,000Eq €163,606 ▲16.3%
Equity rises from €140,687 to €163,606.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 42.54
Current ratio from 20.56 to 42.54; short-term debt falls from €8,623 to €4,512.
31-12
Financial
Equity above €150,000Eq €159,117 ▲13.4%
2 profitable years in a row build equity to €159,117.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €48,703
Net result €48,703 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity quadruplescurrent ratio 20.56
Current ratio from 5.79 to 20.56; short-term debt falls from €27,169 to €8,623.
31-12
Financial
Equity above €100,000Eq €140,322 ▲53.2%
Equity rises from €91,619 to €140,322.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
31-12
Financial
Weakest financial yearnet -€78,972
Net result drops to -€78,972, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Sint-Niklaas · 1 establishment unit since 1951
Ground area
491 m²
Building footprint
203 m²
Volume, LiDAR
1,302 m³
Parcel 46443E0012/00E003, Flanders · tallest building 13.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mercatorstraat 168, 9100 Sint-Niklaas
since 19512.102.063.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E0012/00E003 | Flanders | 490 m² | 1 · 203 m² | 13.6 m · 1 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.
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Of 828 companies in sector 46620 we hold annual accounts for 642. 456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-08-1951
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
46648Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405053192
Also
9925:BE0405053192
Registered
13-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.