RECTILIM
ActiveRECTILIM has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.60M and a net result of €604k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 8.51 against 8.93 in 2024), and 9.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
90.7%
Return on assets
34.2%
Age of the figures
8 mo
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
1 d early
2023
30 d late
2022
52 d late
2021
31 d late
2020
31 d late
2019
62 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€604k▼ 4.9%
2024 · €635k
2018: €629k
2019: €639k
2020: €717k
2021: €977k
2022: €631k
2023: €550k
2024: €635k
2018 → 2025
Working capital
€1.24M▼ 5.8%
2024 · €1.31M
2018: €1.86M
2019: €1.53M
2020: €1.34M
2021: €2.25M
2022: €1.48M
2023: €1.42M
2024: €1.31M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.73M-€1.91M▼ 30.0%€1.86M▼ 2.6%€1.75M▼ 6.2%€1.60M▼ 8.4%
Operating result€1.29M-€844k▼ 34.6%€737k▼ 12.7%€850k▲ 15.4%€806k▼ 5.2%
Net result€977k-€631k▼ 35.4%€550k▼ 13.0%€635k▲ 15.5%€604k▼ 4.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€365k▼ 16.1%
Current assets
€1.40M▼ 5.2%
Equity and liabilities €1.77M
Equity
€1.60M▼ 8.4%
Debt
€165k▼ 0.6%
The debt ratio rises from 8.7% to 9.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€907k▼
2024 · €945k
Cash flow
€705k▼
2024 · €730k
Solvency
90.7%▼
2024 · 91.3%
Current ratio
8.51▼
2024 · 8.93
Quick ratio
5.37▼
2024 · 5.76
Debt / equity
0.10▲
2024 · 0.09
ROE
37.7%▲
2024 · 36.3%
ROA
34.2%▲
2024 · 33.2%
Interest coverage
1690.79▲
2024 · 1570.66
Debt
€165k▼
2024 · €166k
Debt ≤ 1 year
€165k▼
2024 · €166k
Income taxes
€205k▼
2024 · €215k
Staff costs
€554k▼
2024 · €568k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.91M€1.77M▼
Fixed assets21/28€435k€365k▼
Tangible fixed assets22/27€435k€365k▼
Land and buildings22€288k€254k▼
Plant, machinery and equipment23€140k€110k▼
Furniture and vehicles24€7k€2k▼
Current assets29/58€1.48M€1.40M▼
Stocks and contracts in progress3€524k€517k▼
Stocks30/36€524k€517k▼
Amounts receivable within one year40/41€393k€380k▼
Trade receivables40€291k€283k▼
Other amounts receivable41€102k€97k▼
Current investments50/53€217k€217k=
Cash at bank and in hand54/58€344k€287k▼
Deferred charges and accrued income490/1€81-
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.77M▼
Equity10/15€1.75M€1.60M▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€1.62M€1.48M▼
Non-distributable reserves130/1€230k€230k=
Legal reserve130€12k€12k=
Own shares acquired1312€217k€217k=
Distributable reserves133€1.39M€1.25M▼
Amounts payable17/49€166k€165k▼
Amounts payable within one year42/48€166k€165k▼
Trade debts44€48k€44k▼
Suppliers440/4€48k€44k▼
Taxes, remuneration and social security45€118k€121k▲
Taxes450/3€40k€47k▲
Remuneration and social security454/9€78k€74k▼
Income statement
Code20242025
Remuneration, social security and pensions62€568k€554k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€101k▲
Other operating charges640/8€22k€22k▲
Gross operating margin9900€1.53M€1.48M▼
Operating profit (loss)9901€850k€806k▼
Financial income75/76B€128€4k▲
Recurring financial income75€128€4k▲
Financial charges65/66B€602€537▼
Recurring financial charges65€602€537▼
Profit (loss) for the period before taxes9903€850k€809k▼
Income taxes67/77€215k€205k▼
Profit (loss) for the period9904€635k€604k▼
Profit (loss) for the period to be appropriated9905€635k€604k▼
Appropriation of the result
Profit (loss) to be appropriated9906€635k€604k▼
Transfer from equity791/2€750k€750k=
Transfer to equity691/2€635k€604k▼
To other reserves6921€635k€604k▼
Profit to be distributed694/7€750k€750k=
Return on contributions (dividend)694€750k€750k=
Social balance
Average headcount (FTE)90877.27.0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €550k ▼13%
Net result drops to €550k, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 52 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €977k ▲36.3%
Operating result €1.29M, net result €977k, both a record.
31-12
Financial
Equity above €2MEq €2.73M ▲55.7%
4 profitable years in a row build equity to €2.73M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 62 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-02-2025
Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 1976
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.
Bedrijfsstraat 203500 HasseltGround area
8,596 m²
Building footprint
4,461 m²
Volume, LiDAR
21,319 m³
Parcel 71322A0272/00Y000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RECTILIM NV
since 19762.011.595.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0272/00Y000 | Flanders | 8,596 m² | 1 · 4,461 m² | 7.2 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.
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Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 973 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-10-1975
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.