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RECTICEL INTERNATIONAL SERVICES

Active
Public limited companyfounded 1986active for 40 yearsBourgetlaan 42, 1130 Brussel, BelgiumKBO/BCE: BE 0428.343.981
Summary

RECTICEL INTERNATIONAL SERVICES has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of €227,822. Equity has been shrinking by about 14% per year since 2018. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 21% of 3,863 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 14-01-1986 Normal situation
Registered office
39 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Activities of head offices NACE 70100
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment units
2.072.958.888 1130 Brussel, since 10-02-1986
2.357.526.996 9051 Gent, since 01-04-2024
Financial year end
31 December
Peppol
Reachable since 08-12-2025

Board and ownership

Board
  • Jan VergoteManaging director
  • PENDRONDirector · since 22-07-2024 · permanent representative Bart Van den Eede
  • FinadvuDirector · permanent representative Koen Van Uffelen
Auditor
PwC Reviseurs d'Entreprises
Shareholders
  • RECTICEL· score 90annual accounts 2025
  • RECTICEL B.Vannual accounts 2025
Holdings
Shares in 2 companies Recticel B.V. and BALIM

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Profit
€227,822
Equity
€9.0m
▲ 2.6%
Total assets
€47.8m
▼ 40.5%
Employees on 31-12-2025
4
▼ 42.9%
Score breakdownraises riskEquity €9.0m (18.7% of total assets)lowers riskLiquidity: current ratio 0.98, cash €21.8mSize: 4.3 FTE, total assets €47.8mSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 32% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Weak
Solvency 44+8
equity 18.7% of total assets
Liquidity 56+9
short-term debt 81.1% · cash 45.7%
Profitability 20+1
return on assets 0.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,531 companies, NACE 70, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged 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 €800,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.98 (1.0 in 2024), below 1. Short-term debt is 81.1% and cash 45.7% of total assets. 81.3% 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 70, micro). It does better than 23% of them on solvency, 46% on liquidity, 14% on profitability and 47% 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 · Liquidity: current ratio 0.98, cash €21.8m
NBB · annual accounts
lowers risk · Size: 4.3 FTE, total assets €47.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €9.0m (18.7% of total assets)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 3863 sector peers (2025).
NBB · sector comparison
Position among 3863 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
20 days early
2023
30 days early
2022
34 days early
2021
26 days early
2020
50 days early
2019
17 days late
← 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 23 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 5 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €7,540 in 2024 €227,822 View
  • Positive: More equity than 80% of companies in head offices and management consultancysector median €1.1m · 3,863 companies €9.0m View
  • Board changedlatest change 25-06-2026 · 3 in office 1 joined · 1 left View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

Recent changes

  1. · Gazette deed 1 director appointed, 1 director resigningResignation: Koen Van Uffelen (director) · Appointment: FINADVU BV (director) · Permanent representative: Koen Van Uffelen
  2. · Gazette deed Reappointment: Jan Vergote (director and managing director)
  3. · Gazette deed 1 director appointed, 1 director resigningAppointment: Jan Vergote (managing director) · Resignation: ROFFOELKIN SRL (managing director) · Permanent representative: Dirk VERBRUGGEN
All 28 events

Comparable companies

These companies have the same main activity as RECTICEL INTERNATIONAL SERVICES: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €29m and €58m, founded between 1974 and 1991.

CompanyTotal assetsTurnover
RECTICEL INTERNATIONAL SERVICES Brussel€47.8m-
DEN HOED Kalmthout€56.2m€1.7m
Bosal International Management Lummen€57.9m€4.1m
Van Den Dorpe Finance Oudenaarde€31.6m€8.3m
TATA STEEL BELGIUM SERVICES Antwerpen€29.0m-
MIERIC Temse€43.2m€1.7m
UNIC-MONA Izegem€45.9m-
Full comparison

Key facts about RECTICEL INTERNATIONAL SERVICES

What is the company number of RECTICEL INTERNATIONAL SERVICES?
The company number of RECTICEL INTERNATIONAL SERVICES is 0428.343.981. The VAT number is the same number with BE in front: BE 0428.343.981.
Where is RECTICEL INTERNATIONAL SERVICES based?
The registered office is at Bourgetlaan 42, 1130 Brussel.Company details
What does RECTICEL INTERNATIONAL SERVICES do?
According to the KBO register, the main activity is activities of head offices (NACE 70100).
What is the legal form of RECTICEL INTERNATIONAL SERVICES?
The legal form of RECTICEL INTERNATIONAL SERVICES is Public limited company (NV).
When was RECTICEL INTERNATIONAL SERVICES founded?
RECTICEL INTERNATIONAL SERVICES was founded on 14-01-1986.
Is RECTICEL INTERNATIONAL SERVICES still active?
Yes, RECTICEL INTERNATIONAL SERVICES is an active enterprise in the KBO register.
How many employees does RECTICEL INTERNATIONAL SERVICES have?
RECTICEL INTERNATIONAL SERVICES had an average of 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does RECTICEL INTERNATIONAL SERVICES fall under?
In its 2025 annual accounts, RECTICEL INTERNATIONAL SERVICES states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of RECTICEL INTERNATIONAL SERVICES?
The annual accounts for financial year 2025 state no turnover.
Is RECTICEL INTERNATIONAL SERVICES profitable?
In financial year 2025, RECTICEL INTERNATIONAL SERVICES made a profit of €227,822.
Where can I find the annual accounts of RECTICEL INTERNATIONAL SERVICES?
RECTICEL INTERNATIONAL SERVICES filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RECTICEL INTERNATIONAL SERVICES due?
RECTICEL INTERNATIONAL SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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