RECTO
ActiveSummary
RECTO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,156 and a net result of -€3,651. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 90% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+30
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 7.2 against 1.83 in 2024; short-term debt: 13.9% and cash: 72.5% of total assets), and 14.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
85.6%
Return on assets
-34.1%
Age of the figures
9 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
29 d late
2023
28 d late
2022
31 d late
2021
2 d early
2020
2 d late
2019
278 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 56 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€9,156▼ 28.5%
2024 · €12,807
Total assets
€10,701▼ 62.2%
2024 · €28,320
Net result
-€3,651
2024 · €43,675
Working capital
€9,215▼ 28.4%
2024 · €12,866
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,807▲ 20.4%-€10,827▼ 38.7%€4,248€44,981▲ 959%-€2,305
Net result-€8,846▲ 19.3%-€11,517▼ 30.2%-€11,528▼ 0.1%€43,675-€3,651
Equity-€7,822-€19,339▼ 147%-€30,868▼ 59.6%€12,807€9,156▼ 28.5%
Total assets€73,740▲ 23.2%€45,242▼ 38.6%€12,926▼ 71.4%€28,320▲ 119%€10,701▼ 62.2%
Debt€81,562▲ 38.7%€64,582▼ 20.8%€43,794▼ 32.2%€15,513▼ 64.6%€1,545▼ 90.0%
Working capital€9,326▼ 69.9%-€11,995-€27,926▼ 133%€12,866€9,215▼ 28.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,305 after €44,981 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10,701
Equity
€9,156 ▼ 28.5%
Debt
€1,545 ▼ 90.0%
Debt's share of the balance-sheet total falls from 54.8% to 14.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
7.20▲
2024 · 1.83
Debt to equity
0.17▼
2024 · 1.21
ROE
-39.9%▼
2024 · 341.0%
ROA
-34.1%▼
2024 · 154.2%
Debt ≤ 1 year
€1,486▼
2024 · €15,454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 5,827 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 | - | - | €6,091 | €35,112 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,377 | €3,377 | €948 | - | - | - |
| Other operating charges640/8 | €648 | - | €1,079 | €394 | €412 | ▲ 4.6% |
| Non-recurring operating charges66A | €50 | - | €3,774 | - | - | - |
| Gross operating margin9900 | -€3,732 | -€7,450 | €10,049 | €45,375 | -€1,893 | ▼ 104% |
| Operating profit (loss)9901 | -€7,807 | -€10,827 | €4,248 | €44,981 | -€2,305 | ▼ 105% |
| Financial income75/76B | - | - | €405 | €315 | - | - |
| Recurring financial income75 | - | - | €405 | €315 | - | - |
| Financial charges65/66B | €1,040 | €690 | €16,181 | €1,621 | €1,346 | ▼ 17.0% |
| Recurring financial charges65 | €1,040 | €690 | €16,181 | €1,621 | €1,346 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | -€8,846 | -€11,517 | -€11,528 | €43,675 | -€3,651 | ▼ 108% |
| Profit (loss) for the period9904 | -€8,846 | -€11,517 | -€11,528 | €43,675 | -€3,651 | ▼ 108% |
| Profit (loss) for the period to be appropriated9905 | -€8,846 | -€11,517 | -€11,528 | €43,675 | -€3,651 | ▼ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,740 | €45,242 | €12,926 | €28,320 | €10,701 | ▼ 62.2% |
| Fixed assets21/28 | €13,710 | €10,333 | €476 | - | - | - |
| Intangible fixed assets21 | €11,747 | €9,174 | - | - | - | - |
| Tangible fixed assets22/27 | €1,963 | €1,159 | €476 | - | - | - |
| Furniture and vehicles24 | €1,963 | €1,159 | €476 | - | - | - |
| Current assets29/58 | €60,030 | €34,909 | €12,450 | €28,320 | €10,701 | ▼ 62.2% |
| Amounts receivable within one year40/41 | €59,283 | €34,909 | €8,905 | €25,541 | €2,945 | ▼ 88.5% |
| Trade receivables40 | €38,716 | €22,355 | €792 | €25,541 | €2,945 | ▼ 88.5% |
| Other amounts receivable41 | €20,567 | €12,555 | €8,113 | - | - | - |
| Cash at bank and in hand54/58 | €747 | - | €3,545 | €2,779 | €7,756 | ▲ 179% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,740 | €45,242 | €12,926 | €28,320 | €10,701 | ▼ 62.2% |
| Equity10/15 | -€7,822 | -€19,339 | -€30,868 | €12,807 | €9,156 | ▼ 28.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,978 | €1,978 | €1,978 | €1,978 | €1,978 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €119 | €119 | €119 | €119 | €119 | = |
| Profit (loss) carried forward14 | -€28,393 | -€39,910 | -€51,438 | -€7,763 | -€11,414 | ▼ 47.0% |
| Amounts payable17/49 | €81,562 | €64,582 | €43,794 | €15,513 | €1,545 | ▼ 90.0% |
| Amounts payable after more than one year17 | €29,810 | €16,677 | €3,359 | - | - | - |
| Financial debts170/4 | €29,810 | €16,677 | €3,359 | - | - | - |
| Amounts payable within one year42/48 | €50,704 | €46,905 | €40,376 | €15,454 | €1,486 | ▼ 90.4% |
| Current portion of amounts payable after more than one year42 | €12,952 | €14,133 | €13,318 | €4,359 | - | - |
| Financial debts43 | - | €26 | - | - | - | - |
| Credit institutions430/8 | - | €26 | - | - | - | - |
| Trade debts44 | €35,435 | €22,544 | €12,184 | €2,811 | €1,486 | ▼ 47.1% |
| Suppliers440/4 | €35,435 | €22,544 | €12,184 | €2,811 | €1,486 | ▼ 47.1% |
| Taxes, remuneration and social security45 | - | - | - | €7,982 | - | - |
| Taxes450/3 | - | - | - | €7,982 | - | - |
| Other amounts payable47/48 | €2,318 | €10,200 | €14,874 | €302 | - | - |
| Accrued charges and deferred income492/3 | €1,047 | €1,000 | €59 | €59 | €59 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,846 | -€11,517 | -€11,528 | €43,675 | -€3,651 | ▼ 108% |
| + Depreciation and write-downs630 | €3,377 | €3,377 | €948 | - | - | - |
| Operating cash flow (approximation) | -€5,469 | -€8,140 | -€10,580 | €43,675 | -€3,651 | ▼ 108% |
| Investment in fixed assets (approximation) | - | €0 | €8,909 | - | - | - |
| Change in cash | - | - | - | -€766 | €4,977 | ▲ 750% |
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
31-12
Financial
Liquidity quadruplescurrent ratio 7.20
Current ratio from 1.83 to 7.20; short-term debt falls from €15,454 to €1,486.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €43,675
Net result €43,675 after 5 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.83
Current ratio from 0.31 to 1.83; short-term debt falls from €40,376 to €15,454.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€11,528
Net result drops to -€11,528, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 278 days late
2020
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 197 days late
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 38 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Rixensart · 1 establishment unit since 1991
Ground area
7,163 m²
Building footprint
155 m²
Volume, LiDAR
595 m³
2 parcels, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
CONCEPT & POSE
since 19912.053.595.215
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0041/00G000 | Wallonia | 6,113 m² | - | - |
| 25033A0038/00B000 | Wallonia | 1,050 m² | 1 · 155 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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SUPER TECHNO STORE
BE 1000.124.141
Seraing · Eq €9,128
CRINE CHAUFFAGE
BE 1003.874.477
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MARK DE KEYSER
BE 0879.452.973
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 2,402 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
Founded21-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Phone
02/6559030Rixensart
Fax
02/6559044Rixensart
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444509824
Also
9925:BE0444509824
Registered
23-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.