Parent and group
- ASSOC LMC100%
RCO
ActiveSummary
The computed 12-month bankruptcy probability of RCO is 2.1% (moderate). The 2025 annual accounts show negative equity (-€154,639) and a net result of €8,981. Equity has been shrinking by about 5.5% per year since 2018. Its solvency ranks better than 5% of 6,167 sector peers (NACE 46, financial year 2025). The company has been active since 1971 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 01-07-1971 Normal situation
- Activity
- Wholesale of information and communication equipment NACE 46500and 3 others
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2025
- Establishment unit
- 2.352.292.362 5100 Namur, since 01-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 06-02-2026
Board and ownership
Board
- Vincent GerlacheManaging director
- Laura CasaleManaging director
- Mathieu CasaleManaging director
Shareholders
- AKXIO85%annual accounts 2025
- Vincent GERLACHE15%annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.1%
Annual accounts 2025
- Gross margin
- €232,264
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €8,981
- Equity
- -€154,639
- ▲ 5.4%
- Total assets
- €538,844
- ▲ 18.3%
- Employees on 31-12-2025
- 3
- =
- Negative equity on 31-12-2025
Filed on 25-03-2026, 128 days before the deadline
Score breakdownraises riskNegative equity -€154,639Liquidity: current ratio 1.11, cash €11,9681 change of registered office in 24 monthslowers riskSize: 3.5 FTE, total assets €538,844Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 26% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency
0=
equity -28.7% of total assets
Liquidity
10+3
short-term debt 79.0% · cash 2.2%
Profitability
40+40
return on assets 1.7%
Bankruptcy probability within 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 5.7%▲ +5.4 percentage points vs 07-2025
09-2025: 5.7%● unchanged vs 08-2025
10-2025: 5.7%● unchanged vs 09-2025
11-2025: 5.7%● unchanged vs 10-2025
12-2025: 6.3%▲ +0.6 percentage points vs 11-2025highest value
01-2026: 6.3%● unchanged vs 12-2025highest value
02-2026: 6.3%● unchanged vs 01-2026highest value
03-2026: 6.3%● unchanged vs 02-2026highest value
04-2026: 2.1%▼ -4.2 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.1%● unchanged vs 06-2026
08-2026: 2.1%● unchanged vs 07-2026
09-2026: 2.1%● unchanged vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
No credit on open account
Liquidity is tight, with a current ratio of 1.11 (1.02 in 2024), below the usual 1.5. Short-term debt is 79% and cash 2.2% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 11% on liquidity, 33% on profitability and 56% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6167 sector peers (2025).
NBB · sector comparisonPosition among 6167 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
128 days early
2024
8 days early
2023
55 days early
2022
8 days early
2021
14 days early
2020
on the day
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€154,639 View
- Caution: Lower solvency than 95% of companies in wholesale tradesector median 45.2% · 6,167 companies -28.7% View
- Positive: Back in profit in 2025after a loss of €259,876 in 2024 €8,981 View
- New directorslatest change 17-11-2025 · 3 in office 3 joined View
- Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
Recent changes
- · Gazette deed Registered office moved to WierdeAppointments: Manage-men BV, FC4U BV and 3 others · Permanent representatives: Eric Gryson and Diederik Fouquaet
- · Gazette deed Company renamed from Rapid Copy Office - Imprimerie R.C.O. to RCOResignations: HAYES Rachel (director) and FAYT Jean-Jacques (director) · Reappointment: GERLACHE Vincent (administrateur non statutaire) · Permanent representative: GERLACHE Vincent
- · Gazette deed Resignations: Philippe ZEELMAEKERS (director) and André GERLACHE (director)Appointments: Vincent GERLACHE, HAYES Rachel and Jean-Jacques FAYT · Reappointment: Vincent GERLACHE (managing director)
Companies linked to RCO
Comparable companies
These companies have the same main activity as RCO: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €243,000 and €956,000, founded between 1978 and 1988.
| Company | Total assets | Gross margin |
|---|---|---|
| RCO Namur | €538,844 | €232,264 |
| EUROPLAN Genk | €503,101 | €425,230 |
| MBA SRL Wavre | €679,070 | €424,155 |
| KEYSOURCE Anderlecht | €323,061 | €305,000 |
| Belux Mondial Nieuwerkerken (Limb.) | €917,180 | €208,020 |
| REPRO-ZAMAN Sint-Niklaas | €955,932 | €431,037 |
| Codasy La Louvière | €243,454 | €137,962 |
Key facts about RCO
- What is the company number of RCO?
- The company number of RCO is 0411.571.592. The VAT number is the same number with BE in front: BE 0411.571.592.
- Where is RCO based?
- The registered office is at Chaussée de Marche(WD) 799, 5100 Namur.Company details
- What does RCO do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of RCO?
- The legal form of RCO is Public limited company (NV).
- When was RCO founded?
- RCO was founded on 01-07-1971.
- Is RCO still active?
- Yes, RCO is an active enterprise in the KBO register.
- How many employees does RCO have?
- RCO had an average of 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RCO fall under?
- In its 2025 annual accounts, RCO states joint committees 100 (Aanvullend Paritair Comité voor de werklieden) and 201 (Paritair Comité voor de zelfstandige kleinhandel).
- What is the turnover of RCO?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €232,264 and 103 comparable companies (NACE 46). It probably lies between €600,000 and €2.1m.
- Is RCO profitable?
- In financial year 2025, RCO made a profit of €8,981.
- Where can I find the annual accounts of RCO?
- RCO filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RCO due?
- RCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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