RECTAVIT
ActiveSummary
RECTAVIT has been active since 1951 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €236,188. Equity has been shrinking by about 3.3% per year since 2018. Its solvency ranks better than 50% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-01-1951 Normal situation
- Activity
- Manufacture of chemicals and chemical products NACE 20590
- Joint committees
- 116 Paritair Comité voor de scheikundige nijverheid
- 207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2025
- Establishment unit
- 2.003.341.097 9080 Lochristi, since 01-02-1951
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Board and ownership
Board
- Jonelinvest NVManaging director · permanent representative Victor Swerts
- Dirk CoorevitsDirector · since 30-06-2022
- Jurgen VanderveldenDirector · since 30-06-2022
- Auditor
- VYVEY & C°, BEDRIJFSREVISOREN
Shareholders
- SOUDAL HOLDING99.98%2023 annual accounts of SOUDAL HOLDING
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Turnover
- €16.2m
- ▲ 0.5%
- Profit
- €236,188
- ▲ 12.5%
- Equity
- €2.2m
- ▲ 11.8%
- Total assets
- €4.4m
- ▼ 7.3%
- Employees on 31-12-2025
- 25
- =
- 2025 accounts filed 10 days after the deadline
Score breakdownraises riskLiquidity: current ratio 2.01, cash €164lowers riskSize: turnover €16.2m, 23.9 FTE, total assets €4.4mFounded in 1951Profit of €236,188 (financial year 2025)Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 37% of small companies in chemicals (NACE 20)
Financial strength · tick: 2024
Average
Solvency
75+8
equity 50.3% of total assets
Liquidity
25+5
short-term debt 49.5% · cash 0.0%
Profitability
41=
return on assets 5.3%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.6 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026
09-2026: 0.1%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.01 (1.73 in 2024), above the usual 1.5. Short-term debt is 49.5% and cash 0% of total assets. 49.7% of the assets are financed with debt and provisions.
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 20, small). It does better than 53% of them on solvency, 15% on liquidity, 19% on profitability and 61% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 €2.2m
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 days late
2024
14 days early
2023
5 days early
2022
17 days early
2021
16 days early
2020
1 day early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 10 days after the deadline Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395139.
Annual accounts 2025 filed on 10-08-2026 at the NBB all 50 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€16.2m▲ 0.5%
2024 · €16.2m
EBIT margin
3.9%▼ 0.1pp
2024 · 4.0%
Net result
€236,188▲ 12.5%
2024 · €209,982
Working capital
€2.2m▲ 10.9%
2024 · €2.0m
In the rankings
#1 oldest company in Lochristi, Manufacturing sector#4 company by equity in Lochristi, Manufacturing sector#6 company by total assets in Lochristi, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€16.2m
▲ 0.5%
2025
20182025
Operating result
€632,436
▼ 2.5%
2025
20182025
Net result
€236,188
▲ 12.5%
2025
middle half of the sector
20182025
EBIT margin
3.9%
▼ 0.1pp
2025
20182025
Equity
€2.2m
▲ 11.8%
2025
middle half of the sector
20182025
Total assets
€4.4m
▼ 7.3%
2025
lowest quarter of the sector
20182025
Debt
€2.2m
▼ 19.8%
2025
20182025
Working capital
€2.2m
▲ 10.9%
2025
middle half of the sector
20182025
Solvency
50.3%
▲ 8.6pp
2025
middle half of the sector
20182025
Current ratio
2.01
▲ 0.28
2025
middle half of the sector
20182025
Return on assets (ROA)
5.3%
▲ 0.9pp
2025
middle half of the sector
20182025
Staff (FTE)
23.9
▲ 1.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€11.9m-€12.4m▲ 4.1%€13.1m▲ 5.8%€14.9m▲ 14.1%€15.5m▲ 3.6%€15.4m=€16.2m▲ 4.6%€16.2m▲ 0.5%
Operating result€0.5m-€0.5m▲ 3.2%€0.6m▲ 11.7%€0.6m▲ 8.1%€0.6m▼ 1.0%€0.7m▲ 3.7%€0.6m▼ 0.7%€0.6m▼ 2.5%
Net result€0.2m-€0.2m▲ 12.6%€0.2mwithin the sector's middle half▲ 14.2%€0.2mwithin the sector's middle half▼ 6.7%€0.2mwithin the sector's middle half▼ 4.5%€0.2mwithin the sector's middle half▲ 4.9%€0.2mwithin the sector's middle half▼ 7.9%€0.2mwithin the sector's middle half▲ 12.5%
EBIT margin4.3%-4.3%=4.5%▲ 0.2pp4.3%▼ 0.2pp4.1%▼ 0.2pp4.2%▲ 0.2pp4.0%▼ 0.2pp3.9%▼ 0.1pp
Equity€2.7m-€2.9m▲ 8.0%€3.1mwithin the sector's middle half▲ 8.5%€3.3mwithin the sector's middle half▲ 7.3%€3.6mwithin the sector's middle half▲ 6.5%€1.8mwithin the sector's middle half▼ 49.8%€2.0mwithin the sector's middle half▲ 11.8%€2.2mwithin the sector's middle half▲ 11.8%
Total assets€6.0m-€6.3m▲ 5.5%€6.6mwithin the sector's middle half▲ 4.4%€7.0mwithin the sector's middle half▲ 6.2%€7.2mwithin the sector's middle half▲ 4.2%€7.6mwithin the sector's middle half▲ 5.2%€4.8mbelow the sector's middle half▼ 37.2%€4.4mbelow the sector's middle half▼ 7.3%
Debt€3.3m-€3.4m▲ 3.6%€3.4m▲ 0.9%€3.6m▲ 5.1%€3.7m▲ 2.1%€5.8m▲ 58.3%€2.7m▼ 53.1%€2.2m▼ 19.8%
Working capital€2.5m-€2.7m▲ 10.4%€2.9mwithin the sector's middle half▲ 6.4%€3.1mwithin the sector's middle half▲ 8.6%€3.4mwithin the sector's middle half▲ 9.1%€1.7mwithin the sector's middle half▼ 50.4%€2.0mwithin the sector's middle half▲ 17.8%€2.2mwithin the sector's middle half▲ 10.9%
Solvency44.6%-45.7%▲ 1.1pp47.5%within the sector's middle half▲ 1.8pp48.0%within the sector's middle half▲ 0.5pp49.1%within the sector's middle half▲ 1.1pp23.4%below the sector's middle half▼ 25.7pp41.7%within the sector's middle half▲ 18.3pp50.3%within the sector's middle half▲ 8.6pp
Current ratio1.75-1.80▲ 0.051.84within the sector's middle half▲ 0.041.87within the sector's middle half▲ 0.031.93within the sector's middle half▲ 0.061.29within the sector's middle half▼ 0.641.73within the sector's middle half▲ 0.442.01within the sector's middle half▲ 0.28
Return on assets (ROA)3.2%-3.4%▲ 0.2pp3.7%within the sector's middle half▲ 0.3pp3.3%within the sector's middle half▼ 0.5pp3.0%within the sector's middle half▼ 0.3pp3.0%within the sector's middle half=4.4%within the sector's middle half▲ 1.4pp5.3%within the sector's middle half▲ 0.9pp
Staff (FTE)17.8-19.3▲ 8.4%18.8within the sector's middle half▼ 2.6%18.3within the sector's middle half▼ 2.7%22.8within the sector's middle half▲ 24.6%22.7within the sector's middle half▼ 0.4%23.5within the sector's middle half▲ 3.5%23.9within the sector's middle half▲ 1.7%
above
within
below
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 3% lower than in 2024. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€18,672 ▼ 57.0%
Current assets
€4.4m ▼ 6.8%
Equity and liabilities €4.4m
Equity
€2.2m ▲ 11.8%
Provisions
€7,700 ▼ 84.6%
Debt
€2.2m ▼ 19.8%
Debt's share of the balance-sheet total falls from 57.2% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€656,322▼
2024 · €699,055
Cash flow
€260,074▼
2024 · €260,274
Quick ratio
1.55▲
2024 · 1.43
Debt to equity
0.98▼
2024 · 1.37
ROE
10.6%▲
2024 · 10.5%
Interest coverage
2.12▼
2024 · 2.30
Debt ≤ 1 year
€2.2m▼
2024 · €2.7m
Income taxes
€115,217▼
2024 · €161,660
Customer credit
30 days▲
2024 · 28 days
Supplier credit
56 days▼
2024 · 71 days
Staff costs
€2.3m▼
2024 · €2.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 19 | 24 | 25 | 25 | 25 |
| full-time | 17 | 22 | 22 | 20 | 21 |
| part-time | 2 | 2 | 3 | 5 | 4 |
| in full-time equivalents | 18.5 | 23.3 | 23.8 | 23.2 | 23.6 |
| Average over the year, in full-time equivalents | 18.3 | 22.8 | 22.7 | 23.5 | 23.9 |
| On a permanent contract | 19 | 24 | 25 | 25 | 25 |
| Joined | 3 | 6 | 2 | 1 | - |
| Left | 4 | 1 | 1 | 1 | - |
| Agency workers, average number | 3.7 | 1.6 | 1.6 | 0.1 | 0 |
| Training hours | 24 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Carrying value of the mortgaged assets | €0 | €0 | - | €0 | - |
| Pledge on the business | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €65,759 | €6,802 | €23,357 | - | - |
| Depreciation and write-downs of the year | €86,985 | €75,742 | €62,837 | €50,293 | €23,886 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €7,926 | €7,500 | €8,705 | €8,705 | €8,787 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €15.0m | €16.7m | €16.6m | €17.2m | €16.4m | ▼ 5.0% |
| Turnover70 | €11.9m | €12.4m | €13.1m | €14.9m | €15.5m | €15.4m | €16.2m | €16.2m | ▲ 0.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.02m | €0.7m | €1.1m | €1.0m | €0.02m | ▼ 98.3% |
| Other operating income74 | - | - | - | €0.03m | €0.6m | €0.05m | €0.05m | €0.07m | ▲ 30.2% |
| Non-recurring operating income76A | - | - | - | - | €0.003m | €0.005m | €0.003m | €0.03m | ▲ 11× |
| Operating charges60/66A | - | - | - | €14.3m | €16.1m | €16.0m | €16.6m | €15.7m | ▼ 5.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €11.4m | €12.8m | €12.4m | €12.5m | €12.1m | ▼ 3.5% |
| Purchases600/8 | - | - | - | €11.5m | €12.1m | €11.0m | €11.5m | €12.2m | ▲ 5.7% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.1m | €0.7m | €1.4m | €1.0m | -€0.1m | - |
| Services and other goods61 | - | - | - | €1.3m | €1.2m | €1.4m | €1.5m | €1.3m | ▼ 12.4% |
| Remuneration, social security and pensions62 | - | - | - | €1.6m | €2.1m | €2.1m | €2.4m | €2.3m | ▼ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.09m | €0.09m | €0.09m | €0.08m | €0.06m | €0.05m | €0.02m | ▼ 52.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.03m | €0.006m | €0.01m | €0.08m | -€0.02m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €0.07m | -€0.04m | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.008m | €0.01m | €0.006m | €0.02m | ▲ 163% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.03m | - |
| Operating profit (loss)9901 | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €0.6m | €0.6m | ▼ 2.5% |
| Financial income75/76B | - | - | - | €0.01m | €0.03m | €0.02m | €0.03m | €0.03m | ▲ 7.4% |
| Recurring financial income75 | €0.01m | €0.02m | €0.01m | €0.01m | €0.03m | €0.02m | €0.03m | €0.03m | ▲ 7.4% |
| Income from current assets751 | - | - | - | €0.001m | - | €0.01m | €0.02m | €0.03m | ▲ 9.3% |
| Other financial income752/9 | - | - | - | €0.01m | €0.03m | €0.002m | €0.002m | €0.002m | ▼ 17.3% |
| Financial charges65/66B | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.9% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.9% |
| Debt charges650 | €2 | €0 | €0 | - | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 5.4% |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 28.7% |
| Taxes670/3 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 28.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.01m | €0.001m | €0 | €0.001m | - |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 12.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.1m | €0.1m | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 31.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.0m | €6.3m | €6.6m | €7.0m | €7.2m | €7.6m | €4.8m | €4.4m | ▼ 7.3% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | €0.04m | €0.02m | ▼ 57.0% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | €0.04m | €0.02m | ▼ 58.9% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €0.008m | €0.007m | €0.006m | ▼ 18.7% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.08m | €0.04m | €0.01m | ▼ 66.7% |
| Financial fixed assets28 | €135 | €135 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €5.7m | €6.1m | €6.3m | €6.8m | €7.1m | €7.5m | €4.7m | €4.4m | ▼ 6.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €1.1m | €1.0m | €1.0m | €1.2m | €1.2m | €0.9m | €0.8m | €1.0m | ▲ 21.5% |
| Stocks30/36 | - | - | - | €1.2m | €1.2m | €0.9m | €0.8m | €1.0m | ▲ 21.5% |
| Raw materials and consumables30/31 | - | - | - | €0.007m | €0.009m | €0.009m | €0.04m | €0.02m | ▼ 39.0% |
| Finished goods33 | - | - | - | €0.05m | €0.05m | €0.04m | €0.06m | €0.08m | ▲ 27.7% |
| Goods purchased for resale34 | - | - | - | €1.1m | €1.1m | €0.8m | €0.7m | €0.9m | ▲ 24.2% |
| Amounts receivable within one year40/41 | €4.6m | €5.0m | €5.2m | €5.5m | €5.9m | €6.6m | €3.8m | €3.4m | ▼ 11.9% |
| Trade receivables40 | - | - | - | €1.4m | €1.9m | €1.5m | €1.2m | €1.3m | ▲ 9.4% |
| Other amounts receivable41 | - | - | - | €4.1m | €3.9m | €5.1m | €2.6m | €2.1m | ▼ 21.7% |
| Current investments50/53 | €0.03m | €0.01m | €0.01m | €0.01m | €0.01m | €0 | - | - | - |
| Other investments51/53 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €360 | €37 | €0.004m | €0.001m | €0.004m | €322 | €159 | €164 | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.03m | €0.01m | ▼ 62.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.0m | €6.3m | €6.6m | €7.0m | €7.2m | €7.6m | €4.8m | €4.4m | ▼ 7.3% |
| Equity10/15 | €2.7m | €2.9m | €3.1m | €3.3m | €3.6m | €1.8m | €2.0m | €2.2m | ▲ 11.8% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.2m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €2.0m | €2.1m | €2.2m | €2.4m | €2.7m | €1.0m | €1.3m | €1.6m | ▲ 17.5% |
| Provisions and deferred taxes16 | €0.01m | €0.003m | - | - | - | - | €0.05m | €0.008m | ▼ 84.6% |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €0.05m | €0.008m | ▼ 84.6% |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.05m | €0.008m | ▼ 84.6% |
| Amounts payable17/49 | €3.3m | €3.4m | €3.4m | €3.6m | €3.7m | €5.8m | €2.7m | €2.2m | ▼ 19.8% |
| Amounts payable within one year42/48 | €3.3m | €3.4m | €3.4m | €3.6m | €3.7m | €5.8m | €2.7m | €2.2m | ▼ 19.8% |
| Trade debts44 | €3.1m | €3.2m | €3.2m | €3.4m | €3.3m | €3.5m | €2.4m | €1.9m | ▼ 23.6% |
| Suppliers440/4 | - | - | - | €3.4m | €3.3m | €3.5m | €2.4m | €1.9m | ▼ 23.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.4m | €0.3m | €0.3m | €0.3m | ▲ 12.7% |
| Taxes450/3 | - | - | - | €0.005m | €0.08m | €0.05m | €0.02m | €0.04m | ▲ 112% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 6.1% |
| Other amounts payable47/48 | - | - | - | €0.01m | - | €2.1m | €0.002m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.007m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €189,698 | €213,620 | €243,990 | €227,540 | €217,331 | €227,906 | €209,982 | €236,188 | ▲ 12.5% |
| + Depreciation and write-downs630 | €86,398 | €93,322 | €92,850 | €86,985 | €75,742 | €62,837 | €50,293 | €23,886 | ▼ 52.5% |
| Operating cash flow (approximation) | €276,096 | €306,942 | €336,840 | €314,525 | €293,072 | €290,743 | €260,274 | €260,074 | ▼ 0.1% |
| Investment in fixed assets (approximation) | - | -€43,532 | -€159,942 | -€65,835 | -€6,802 | -€23,357 | -€30 | €837 | - |
| Change in cash | - | -€324 | €3,520 | -€2,632 | €3,532 | -€4,133 | -€163 | €5 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as RECTAVIT has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of RECTAVIT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for RECTAVIT. 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.
Latest 10 of 50 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-08-2026 | 2026-00395139 | |
| 31-12-2024 | full format | 17-07-2025 | 2025-00298253 | |
| 31-12-2023 | full format | 26-07-2024 | 2024-00289296 | |
| 31-12-2022 | full format | 14-07-2023 | 2023-00257545 | |
| 31-12-2021 | full format | 15-07-2022 | 2022-20202391 | |
| 31-12-2020 | full format | 30-07-2021 | 2021-46000248 | |
| 31-12-2019 | full format | 29-06-2020 | 2020-26600407 | |
| 31-12-2018 | full format | 24-07-2019 | 2019-39900150 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-55700560 | |
| 31-12-2016 | full format | 31-07-2017 | 2017-39200523 |
Board & ownership
Directors
Directors
4 directors, 1 in day-to-day management
Board 4
Dirk Coorevits
Current
Director · since 30-06-2022 · term until the 2028 general meeting · listed in the 2025 annual accounts, filed on 10-08-2026
Jonelinvest NV
Current
Director · since 30-06-2022 · term until the 2028 general meeting · Legal entity · permanent representative: Victor Swerts · listed in the 2025 annual accounts, filed on 10-08-2026
Jurgen Vandervelden
Current
Director · since 30-06-2022 · term until the 2028 general meeting · listed in the 2025 annual accounts, filed on 10-08-2026
PMR Invest Comm. V
Current
Director · since 30-06-2022 · term until the 2028 general meeting · Legal entity · permanent representative: Bart Moonen · listed in the 2025 annual accounts, filed on 10-08-2026
Day-to-day management 1
Jonelinvest NV
Current
Managing director · in office according to the act of 05-10-2022 · Legal entity · permanent representative: Victor Swerts
Permanent representatives 2
Bart Moonen
Current
Permanent representative · in office according to the act of 05-10-2022 · for PMR Invest Comm. V
Victor Swerts
Current
Permanent representative · in office according to the act of 05-10-2022 · for Jonelinvest NV
Statutory auditor 1
VYVEY & C°, BEDRIJFSREVISOREN
Current
Statutory auditor · appointed in the act of 07-09-2023 · permanent representative: Steven Vyvey
Owners and capital
Shareholders
1 ownerChain of control
- JONELINVEST
- SOUDAL HOLDING
- RECTAVIT
Owners 1
- SOUDAL HOLDINGparentEquity €187.0m Profit of €54.7m in 2025 (profit of €17.8m in 2024)99.98%
Capital transactions
Capital over time
- 09-02-2024 Capital stated in the deed · €275,000
Mandate history
5 people, 5 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Dirk Coorevits |
|
| Jonelinvest NV |
|
| Jurgen Vandervelden |
|
| PMR Invest Comm. V |
|
| VYVEY & C°, BEDRIJFSREVISOREN |
|
Network & group
Part of the group
JONELINVEST
11 companies
Group, risk and exposure
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
CircuPUR
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
10-08
full format · 10 days late
2025
31-12
Financial
Equity above €2mequity €2.2m ▲11.8%
With a profit in every financial year since 2018, equity grows to €2.2m.
17-07
full format · 14 days before the deadline
2024
26-07
full format · 5 days before the deadline
09-02
Gazette deed
Amendment of the articlesAuthorised capital · Capital4 points ▸
Gazette deed
Amendment of the articles
Authorised capital · Capital4 points ▸
- General meeting, 22-12-2023
- Authorised capital, “bepalingen in statuten betreffende toegestane kapitaal, schrapping” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €275,000
2023
07-09
Gazette deed
Reappointment: Vyvey & C° Bedrijfsrevisoren (statutory auditor)Permanent representatives: Steven Vyvey and Victor Swerts4 points ▸
Gazette deed
Reappointment: Vyvey & C° Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Steven Vyvey and Victor Swerts4 points ▸
- General meeting, 30-06-2023
- Auditor reappointment, Vyvey & C° Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Steven Vyvey
- Permanent representative, Victor Swerts (managing director)
14-07
full format · 17 days before the deadline
2022
05-10
Gazette deed
5 reappointedReappointments: Jonelinvest NV, Dirk Coorevits and 2 others · Permanent representatives: Victor Swerts and Bart Moonen10 points ▸
Gazette deed
5 reappointed
Reappointments: Jonelinvest NV, Dirk Coorevits and 2 others · Permanent representatives: Victor Swerts and Bart Moonen10 points ▸
- General meeting, 30-06-2022
- Director reappointment, Jonelinvest NV (director)
- Director reappointment, Dirk Coorevits (director)
- Director reappointment, Jurgen Vandervelden (director)
- Director reappointment, PMR Invest Comm. V (director)
- Director reappointment, Jonelinvest NV (managing director)
- Permanent representative, Victor Swerts
- Permanent representative, Bart Moonen
- Other provision, “aanvaarding mandaat en verbodsbepaling, aldus benoemde bestuurders” (deed in Dutch)
- Other provision, “einde bestuursmandaten, met huidige Algemene Vergadering 2022” (deed in Dutch)
15-07
full format · 16 days before the deadline
2021
30-07
full format · 1 day before the deadline
2020
31-12
Financial
Highest result from 2018 to 2025net €243,990 ▲14.2%
The net result of €243,990 is the highest of those years.
29-06
full format · 32 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
RECTAVIT in Dutch
Enterprise number
0406.239.760
Legal form
Public limited company
Status
Active, normale toestand
Founded
24-01-1951
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-02-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, bestuursorgaan”
deed of 09-02-2024 (in Dutch)Registered office and establishments
Registered office
Ambachtenlaan 4, 9080 Lochristi, Belgium
Establishment unit
RECTAVIT/BITUMEX/DETERGEX, Ambachtenlaan 4, 9080 Lochristi since 01-02-1951 · unit number 2.003.341.097
Activities
NACEBEL 2025VAT activities
20590
Manufacture of chemicals and chemical products main activity
Social security (RSZ) activities
20590
Manufacture of chemicals and chemical products main activity
Codes under NACEBEL 2008
VAT activities
20520
Manufacture of chemicals and chemical products main activity
Social security (RSZ) activities
20520
Manufacture of chemicals and chemical products main activity
Codes under NACEBEL 2003
VAT activities
24620
main activity
Social security (RSZ) activities
24620
main activity
Joint committees
116 Paritair Comité voor de scheikundige nijverheid
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 09-02-2024 (in Dutch)
“De fabricage,aankoop,verkoop en vertegenwoordiging van scheikundige en gelijkaardige producten voor de leder- en schoennijverheid,alsook van…”
3 activities
- De fabricage,aankoop,verkoop en vertegenwoordiging van scheikundige en gelijkaardige producten voor de leder- en schoennijverheid,alsook van scheikundige en gelijkaardige producten voor de hout-,de metaal- en de plastieknijverheid,zulks in de meest uitgebreide zin.
- De aankoop en het beheer van een portefeuille,rekening houdend met de beperkingen ingesteld door de wet.
- De fabricatie en distributie van lijmen,mastieken en allerhande bouwspecialiteiten voor de bouwindustrie in de meest uitgebreide zin;
Invoicing and payment
VAT number
BE 0406.239.760
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 20:00
deed of 09-02-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
4,049 m²
Building footprint
1,629 m²
Building volume
11,428 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44077B0012/00B000 | Flanders | 4,049 m² | 1 · 1,629 m² | 8.0 m · 2 |