RECIS INTERNATIONAL
ActiveSummary
RECIS INTERNATIONAL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €459k and a net result of €361k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 58% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+43
Solvency86▲+52
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.18 in 2024; short-term debt: 14.7% and cash: 8.5% of total assets), and 39% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61%
Return on assets
47.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €459k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
126 d late
2023
5 d early
2022
12 d early
2021
26 d early
2020
25 d late
2019
68 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€459k▲ 366%
2024 · €98k
2018: €416k
2019: €434k
2020: €508k
2021: €519k
2022: €492k
2023: €94k
2024: €98k
2018 → 2025
Total assets
€753k▼ 31.5%
2024 · €1.10M
2018: €1.75M
2019: €2.02M
2020: €2.13M
2021: €2.04M
2022: €1.85M
2023: €1.21M
2024: €1.10M
2018 → 2025
Net result
€361k▲ 8,222%
2024 · €4k
2018: €23k
2019: €18k
2020: €74k
2021: €11k
2022: €-28k
2023: €-398k
2024: €4k
2018 → 2025
Working capital
€12k
2024 · €-173k
2018: €-186k
2019: €-217k
2020: €-128k
2021: €-110k
2022: €-142k
2023: €-150k
2024: €-173k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€519k-€492k▼ 5.3%€94k▼ 80.9%€98k▲ 4.6%€459k▲ 366%
Operating result€65k-€-6k€101k€28k▼ 72.2%€377k▲ 1,249%
Net result€11k-€-28k€-398k▼ 1,338%€4k€361k▲ 8,222%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,249% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €753k
Fixed assets
€631k ▼ 40.6%
Current assets
€122k ▲ 229%
Equity and liabilities €753k
Equity
€459k ▲ 366%
Debt
€294k ▼ 70.7%
Debt's share of the balance-sheet total falls from 91.0% to 39.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€452k▲
2024 · €104k
Cash flow
€436k▲
2024 · €80k
Current ratio
1.10▲
2024 · 0.18
Debt to equity
0.64▼
2024 · 10.17
ROE
78.6%▲
2024 · 4.4%
ROA
47.9%▲
2024 · 0.4%
Interest coverage
28.65▲
2024 · 4.48
Debt ≤ 1 year
€110k▼
2024 · €210k
Debt > 1 year
€183k▼
2024 · €790k
Income taxes
€648▲
2024 · €530
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€753k▼
Fixed assets21/28€1.06M€631k▼
Tangible fixed assets22/27€1.06M€631k▼
Land and buildings22€675k€249k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€66k€87k▲
Leasing and similar rights25€314k€289k▼
Current assets29/58€37k€122k▲
Amounts receivable within one year40/41€18k€44k▲
Trade receivables40€18k€44k▲
Other amounts receivable41€179-
Current investments50/53€25€25=
Cash at bank and in hand54/58€10k€64k▲
Deferred charges and accrued income490/1€9k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.10M€753k▼
Equity10/15€98k€459k▲
Contributions10/11€214k€214k=
Capital10€214k€214k=
Issued capital100€214k€214k=
Reserves13€21k€246k▲
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Distributable reserves133-€224k
Profit (loss) carried forward14€-136k-
Amounts payable17/49€1.00M€294k▼
Amounts payable after more than one year17€790k€183k▼
Financial debts170/4€790k€183k▼
Amounts payable within one year42/48€210k€110k▼
Current portion of amounts payable after more than one year42€105k€46k▼
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€10k▲
Other amounts payable47/48€91k€40k▼
Accrued charges and deferred income492/3€2k€470▼
Income statement
Code20242025
Non-recurring operating income76A-€257k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€75k▼
Other operating charges640/8€7k€8k▲
Gross operating margin9900€111k€460k▲
Operating profit (loss)9901€28k€377k▲
Financial income75/76B€4€4▼
Recurring financial income75€4€4▼
Financial charges65/66B€23k€16k▼
Recurring financial charges65€23k€16k▼
Profit (loss) for the period before taxes9903€5k€362k▲
Income taxes67/77€530€648▲
Profit (loss) for the period9904€4k€361k▲
Profit (loss) for the period to be appropriated9905€4k€361k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-136k€224k▲
Profit (loss) brought forward from the previous period14P€-141k€-136k▲
Transfer to equity691/2-€224k
To other reserves6921-€224k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €361k ▲8222%
Operating result €377k, net result €361k, both a record.
31-12
Financial
Liquidity times 6current ratio 1.10
Current ratio from 0.18 to 1.10; short-term debt falls from €210k to €110k.
31-12
Financial
Equity above €200kEq €459k ▲366%
2 profitable years in a row build equity to €459k.
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 126 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-398k
Net result drops to €-398k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Equity above €500kEq €508k ▲17.1%
3 profitable years in a row build equity to €508k.
Show earlier events
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tienen · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Spanuit 25/I3300 TienenGround area
797 m²
Building footprint
114 m²
Volume, LiDAR
787 m³
Parcel 24015M0021/00K000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Spanuit 25/I, 3300 Tienen
since 20012.261.926.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24015M0021/00K000 | Flanders | 797 m² | 1 · 114 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
OFELIA
BE 0478.142.989
De Haan · Eq €459,380
GEURTS
BE 0463.161.637
Maaseik · Eq €459,258
EXIS
BE 0773.968.146
Wichelen · Eq €459,225
M.M.C
BE 0740.466.524
Schilde · Eq €459,219
PEPPERSTREET CAPITAL
BE 0478.706.876
Gent · Eq €459,201
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 35,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.