Recursive Works
The computed 12-month bankruptcy probability of Recursive Works is 0.5% (very low). The 2024 annual accounts show equity of €103k and a net result of €59k. Its solvency ranks better than 86% of 7321 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €103k |
| Net result | €59k |
| Better than sector | 86% |
| Active | 3 yrs |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 86.2% | 65.1% | |
| Net result | €59k | €32k | |
| Equity | €103k | €58k | |
| Gross operating margin | €82k | €52k | |
| Total assets | €120k | €103k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €82k |
| Net profit | €59k |
| Cash flow | €60k |
| Staff costs | - |
| Income taxes | €21k |
| Dividends | €12k |
| Total assets | €120k |
| Equity | €103k |
| Debt | €17k |
| of which ≤ 1y | €17k |
| of which > 1y | - |
| Working capital | €101k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 7.05 |
| Quick ratio | 7.05 |
| Working capital ratio | 83.8% |
| Solvency | 86.2% |
| Debt / equity | 0.16 |
| Long-term debt ratio | - |
| Interest coverage | 53.62 |
| Gross margin | - |
| Net margin | - |
| ROA | 48.8% |
| ROE | 56.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €120k |
| Fixed assets | 21/28 | €3k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €117k |
| Amounts receivable within one year | 40/41 | €35k |
| Cash & bank | 54/58 | €81k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €120k |
| Equity | 10/15 | €103k |
| Reserves | 13 | €103k |
| Amounts payable | 17/49 | €17k |
| Amounts payable within one year | 42/48 | €17k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €82k |
| Operating result | 9901 | €81k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €80k |
| Income taxes | 67/77 | €21k |
| Net result for the period | 9904 | €59k |
| Result to be appropriated | 9905 | €59k |
| NACE primary | Computer programming & consultancy(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 24-10-2022 |
| Status | Active |
| Postal code | 1701 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23037A0305/00E000 | Flanders | 2,247 m² | 1 · 292 m² | 8.2 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
21-06-2024 Registered office moved from Ternat to Itterbeek
- Bosstraat 15, 1742 Ternat → Roomstraat 131 te 1701 Itterbeek
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Roomstraat 131 te 1701 Itterbeek",
"city": "Itterbeek",
"region": "vlaams_gewest",
"street": "Roomstraat",
"country": "BE",
"postcode": "1701",
"box_number": null,
"street_number": "131",
"locality_suffix": null
},
"old_address": {
"raw": "Bosstraat 15, 1742 Ternat",
"city": "Ternat",
"region": "vlaams_gewest",
"street": "Bosstraat",
"country": "BE",
"postcode": "1742",
"box_number": null,
"street_number": "15",
"locality_suffix": null
},
"effective_date": "2024-03-22",
"evidence_quote": "De bestuurder beslist om de maatschappelijke zetel te verplaatsen van Bosstraat 15 te 1742 Ternat naar de Roomstraat 131 te 1701 Itterbeek met ingang vanaf 22/03/2024.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Jeroen Vanderlinden",
"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-06-21",
"filing_date": "2024-06-13",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2024-03-20",
"unanimous": null
},
"subject_company": {
"kbo": "0792.780.505",
"name_full": "Recursive Works",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "Norgay Accountants BV",
"person_name": null,
"org_rep_person_name": "Jeroen Vanderlinden",
"person_role_at_subject": null
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Recursive Works |