Equity
-€99,165
Debts exceed assets in financial year 2024.
REECO
Lifetime
4 annual accounts with figures on one time axispeak €138,147 (2021)
€72,709▲ €153,356
lowest -€150,525 (2023)
-€7,712▲ €142,813
peak €109,351 (2021)
-€99,165▼ €7,712
€223,957▼ 6.3%
Board1 name since 2021
1 director
Documentsfilings and deeds
11-09-202542 days late
2024micro format
Gross margin from -€80,647 to €72,709Loss of €7,712Cash from €1,254 to €753
Key points
from the 2024 annual accountsLosses
-€208,516 in three years
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
Turnover
≈ €380,000 estimated
The micro format states no turnover.
Debts
€223,957 179% of the balance sheet
Suppliers 44%Taxes and wages 17%Other 39%
Filings
4 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-79.5%
Lower solvency than 95% of companies in construction of buildings. Sector median 42.3% · 9,880 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as REECO has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,564 companies, not a prediction for REECO. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0753764432
Registered office moved from Rumst to Antwerp
New registered office: Tabaksvest 87/ B4594 te 2000 Antwerpen · Previous registered office: Petrus van der Taelenstraat 40 te 2840 Rumst · General meeting of 28-08-2025 · Gazette deed
First establishment
Petrus Van der Taelenstraat 40, Rumst
Incorporation
Founding capital of €15,000, 100 shares · Founder: (partner and founder) · published on 09-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REECO Antwerp | €124,791 | €72,709 | -79.5% | - |
| TECHNICK POORTEN Oud-Turnhout | €112,077 | €68,779 | 38.5% | - |
| JDF PROJECTS Rijkevorsel | €128,296 | €62,340 | 12.5% | - |
| SAVI CONSTRUCT Antwerp | €116,698 | €62,296 | 61.4% | - |
| Best Quality Construct Merksplas | €113,388 | €78,367 | 4.3% | - |
| Wall Done Beveren-Kruibeke-Zwijndrecht | €138,975 | €71,163 | 46.3% | - |
| Effect Niel | €149,335 | €64,082 | 79.7% | - |
These companies have the same main activity as REECO: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €112,000 and €149,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 07-09-2020Normal situation
- Registered office
- 201 active companies are registered at this address71 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 6 others
- Establishment unit
- 2.310.878.4112840 Rumst, since 01-10-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 13-02-2026
Insights on REECO
REECO files the micro format. That format states no turnover. The gross margin fell from €138,147 in 2021 to €72,709 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about REECO
- What is the company number of REECO?
- The company number of REECO is 0753.764.432. The VAT number is the same number with BE in front: BE 0753.764.432.
- Where is REECO based?
- The registered office is at Tabakvest 87, 2000 Antwerp.Company details
- What does REECO do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of REECO?
- REECO is a private limited company (BV).
- When was REECO founded?
- REECO was founded on 07-09-2020.
- Is REECO still active?
- Yes, REECO is an active enterprise in the KBO register.
- How many employees does REECO have?
- REECO had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of REECO?
- The turnover in financial year 2024 is ≈ €380,000. This figure is estimated from the gross margin of €72,709 and 111 comparable companies (NACE 41001). It probably lies between €280,000 and €630,000.
- Is REECO profitable?
- In financial year 2024, REECO made a loss of €7,712.
- Where can I find the annual accounts of REECO?
- REECO filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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