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Rekkelinge

Active
Public limited companyfounded 1993active for 32 yearsSteenakkerstraat(HEU) 14, 9070 Destelbergen, BelgiumKBO/BCE: BE 0451.648.430
Summary

Rekkelinge has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €634,308 and a net result of -€3,121. Equity is growing by about 3.5% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

Turnover
≈ €78,000
Estimated: probably between €33,000 and €190,000
Total assets
€716,843▼ 0.4%
2024 · €719,964
Net result
-€3,121▼ 1,790%
2024 · -€165
Working capital
€492,762▲ 1.9%
2024 · €483,386
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €6,052 in 2025 against €5,083 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€6,052 2025 Net result-€3,121 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€11,661--€1,725▲ 85.2%-€2,780▼ 61.1%€143,896-€3,480-€4,437▼ 27.5%-€5,083▼ 14.6%-€6,052▼ 19.1%
Net result-€11,836--€1,915▲ 83.8%-€2,985▼ 55.9%€141,980-€3,528-€4,755▼ 34.8%-€165▲ 96.5%-€3,121▼ 1,790%
Equity€508,797-€506,882▼ 0.4%€503,897▼ 0.6%€645,877▲ 28.2%€642,349▼ 0.5%€637,595▼ 0.7%€637,429=€634,308▼ 0.5%
Total assets€591,332-€589,417▼ 0.3%€586,432▼ 0.5%€730,250▲ 24.5%€724,973▼ 0.7%€720,129▼ 0.7%€719,964=€716,843▼ 0.4%
Debt€82,535-€82,535=€82,535=€84,373▲ 2.2%€82,624▼ 2.1%€82,535▼ 0.1%€82,535=€82,535=
Working capital€285,790-€296,213▲ 3.6%€305,565▲ 3.2%€459,883▲ 50.5%€468,693▲ 1.9%€473,686▲ 1.1%€483,386▲ 2.0%€492,762▲ 1.9%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €716,843
Fixed assets €141,546 ▼ 8.1%
Current assets €575,297 ▲ 1.7%
Equity and liabilities €716,843
Equity €634,308 ▼ 0.5%
Debt €82,535 =
Debt's share of the balance-sheet total stays at 11.5%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,445▼
2024 · €7,414
Cash flow
€9,376▼
2024 · €12,332
Current ratio
6.97▲
2024 · 6.86
Quick ratio
3.07▲
2024 · 2.96
Debt to equity
0.13▲
2024 · 0.13
ROE
-0.5%▼
2024 · 0.0%
ROA
-0.4%▼
2024 · 0.0%
Interest coverage
98.90▼
2024 · over 100
Debt ≤ 1 year
€82,535=
2024 · €82,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 8,617 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€719,964€716,843▼
Fixed assets21/28€154,043€141,546▼
Tangible fixed assets22/27€154,043€141,546▼
Land and buildings22€154,043€141,546▼
Current assets29/58€565,921€575,297▲
Stocks and contracts in progress3€321,690€321,690=
Stocks30/36€321,690€321,690=
Amounts receivable within one year40/41€8,026€8,920▲
Trade receivables40€0-
Other amounts receivable41€8,026€8,920▲
Current investments50/53€150,245€200,000▲
Cash at bank and in hand54/58€67,960€44,686▼
Deferred charges and accrued income490/1€18,000€0▼
Equity and liabilities
Total equity and liabilities10/49€719,964€716,843▼
Equity10/15€637,429€634,308▼
Contributions10/11€370,000€370,000=
Capital10€370,000€370,000=
Issued capital100€370,000€370,000=
Reserves13€30,250€30,250=
Non-distributable reserves130/1€30,250€30,250=
Legal reserve130€30,250€30,250=
Profit (loss) carried forward14€237,179€234,058▼
Amounts payable17/49€82,535€82,535=
Amounts payable within one year42/48€82,535€82,535=
Other amounts payable47/48€82,535€82,535=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,497€12,497=
Other operating charges640/8€4,908€5,184▲
Gross operating margin9900€12,322€11,629▼
Operating profit (loss)9901-€5,083-€6,052▼
Financial income75/76B€4,970€2,996▼
Recurring financial income75€4,970€2,996▼
Financial charges65/66B€53€65▲
Recurring financial charges65€53€65▲
Profit (loss) for the period before taxes9903-€165-€3,121▼
Profit (loss) for the period9904-€165-€3,121▼
Profit (loss) for the period to be appropriated9905-€165-€3,121▼
Appropriation of the result
Profit (loss) to be appropriated9906€237,179€234,058▼
Profit (loss) brought forward from the previous period14P€237,345€237,179▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,361€12,338€12,338€12,338€12,338€12,380€12,497€12,497=
Other operating charges640/8---€4,454€4,838€5,109€4,908€5,184▲ 5.6%
Gross operating margin9900€5,941€15,044€14,098€160,688€13,696€13,052€12,322€11,629▼ 5.6%
Operating profit (loss)9901-€11,661-€1,725-€2,780€143,896-€3,480-€4,437-€5,083-€6,052▼ 19.1%
Financial income75/76B---€0€0-€4,970€2,996▼ 39.7%
Recurring financial income75---€0€0-€4,970€2,996▼ 39.7%
Financial charges65/66B---€78€48€318€53€65▲ 24.1%
Recurring financial charges65€175€190€205€78€48€318€53€65▲ 24.1%
Profit (loss) for the period before taxes9903-€11,836-€1,915-€2,985€143,819-€3,528-€4,755-€165-€3,121▼ 1,790%
Income taxes67/77---€1,838€0----
Profit (loss) for the period9904-€11,836-€1,915-€2,985€141,980-€3,528-€4,755-€165-€3,121▼ 1,790%
Profit (loss) for the period to be appropriated9905-€11,836-€1,915-€2,985€141,980-€3,528-€4,755-€165-€3,121▼ 1,790%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€591,332€589,417€586,432€730,250€724,973€720,129€719,964€716,843▼ 0.4%
Fixed assets21/28€223,007€210,669€198,332€185,994€173,657€163,908€154,043€141,546▼ 8.1%
Tangible fixed assets22/27€223,007€210,669€198,332€185,994€173,657€163,908€154,043€141,546▼ 8.1%
Land and buildings22---€185,994€173,657€163,908€154,043€141,546▼ 8.1%
Current assets29/58€368,325€378,747€388,100€544,256€551,316€556,221€565,921€575,297▲ 1.7%
Stocks and contracts in progress3€300,978€300,978€338,157€321,690€321,690€321,690€321,690€321,690=
Stocks30/36---€321,690€321,690€321,690€321,690€321,690=
Amounts receivable within one year40/41-----€6,919€8,026€8,920▲ 11.1%
Trade receivables40-----€384€0--
Other amounts receivable41-----€6,535€8,026€8,920▲ 11.1%
Current investments50/53-----€150,000€150,245€200,000▲ 33.1%
Cash at bank and in hand54/58€52,347€62,770€34,943€207,566€199,626€74,611€67,960€44,686▼ 34.2%
Deferred charges and accrued income490/1---€15,000€30,000€3,000€18,000€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€591,332€589,417€586,432€730,250€724,973€720,129€719,964€716,843▼ 0.4%
Equity10/15€508,797€506,882€503,897€645,877€642,349€637,595€637,429€634,308▼ 0.5%
Contributions10/11€370,000€370,000€370,000€370,000€370,000€370,000€370,000€370,000=
Capital10---€370,000€370,000€370,000€370,000€370,000=
Issued capital100---€370,000€370,000€370,000€370,000€370,000=
Reserves13€23,099€23,099€23,099€30,250€30,250€30,250€30,250€30,250=
Non-distributable reserves130/1---€30,250€30,250€30,250€30,250€30,250=
Legal reserve130---€30,250€30,250€30,250€30,250€30,250=
Profit (loss) carried forward14€115,698€113,783€110,798€245,627€242,099€237,345€237,179€234,058▼ 1.3%
Amounts payable17/49€82,535€82,535€82,535€84,373€82,624€82,535€82,535€82,535=
Amounts payable within one year42/48€82,535€82,535€82,535€84,373€82,624€82,535€82,535€82,535=
Trade debts44----€89€0---
Suppliers440/4----€89€0---
Taxes, remuneration and social security45---€1,838€0----
Taxes450/3---€1,838€0----
Other amounts payable47/48---€82,535€82,535€82,535€82,535€82,535=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€11,836-€1,915-€2,985€141,980-€3,528-€4,755-€165-€3,121▼ 1,790%
+ Depreciation and write-downs630€13,361€12,338€12,338€12,338€12,338€12,380€12,497€12,497=
Operating cash flow (approximation)€1,524€10,423€9,353€154,318€8,809€7,625€12,332€9,376▼ 24.0%
Investment in fixed assets (approximation)-€0€0€0€0-€2,632-€2,632€0-
Change in cash-€10,423-€27,826€172,623-€7,940-€125,015-€6,652-€23,274▼ 250%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 32 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 12-06-2026 2026-00173622
31-12-2024 micro format 16-07-2025 2025-00280931
31-12-2023 micro format 05-08-2024 2024-00331117
31-12-2022 micro format 07-06-2023 2023-00111608
31-12-2021 micro format 13-06-2022 2022-20062767
31-12-2020 micro format 20-07-2021 2021-39200273
31-12-2019 micro format 13-07-2020 2020-30300530
31-12-2018 micro format 08-07-2019 2019-31200137
31-12-2017 micro format 09-07-2018 2018-31600448
31-12-2016 micro format 08-06-2017 2017-15800510

Show all 32 filings

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