RECOFIX
ActiveSummary
RECOFIX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €224k and a net result of €77k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 29% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+2
Solvency57▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity short (current ratio 0.6 against 0.46 in 2023; short-term debt: 50.3% and cash: 12.2% of total assets), and 67.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.4%
Return on assets
11.1%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 147 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-01-2025, 90 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
90 d early
2023
56 d early
2022
61 d early
2021
43 d early
2020
46 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€224k▲ 52.2%
2023 · €147k
2018: €72k
2019: €73k
2020: €76k
2021: €66k
2022: €84k
2023: €147k
2018 → 2024
Total assets
€691k▲ 3.6%
2023 · €666k
2018: €162k
2019: €203k
2020: €235k
2021: €668k
2022: €648k
2023: €666k
2018 → 2024
Net result
€77k▲ 21.3%
2023 · €63k
2018: €17k
2019: €1k
2020: €5k
2021: €1k
2022: €18k
2023: €63k
2018 → 2024
Working capital
€-140k▲ 28.3%
2023 · €-195k
2018: €100k
2019: €93k
2020: €81k
2021: €-239k
2022: €-291k
2023: €-195k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€76k-€66k▼ 13.0%€84k▲ 26.8%€147k▲ 75.5%€224k▲ 52.2%
Operating result€14k-€10k▼ 23.7%€32k▲ 206%€91k▲ 183%€98k▲ 7.5%
Net result€5k-€1k▼ 78.2%€18k▲ 1,435%€63k▲ 257%€77k▲ 21.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €691k
Fixed assets
€483k ▼ 3.0%
Current assets
€207k ▲ 23.2%
Equity and liabilities €691k
Equity
€224k ▲ 52.2%
Provisions
€46k =
Debt
€421k ▼ 11.1%
Debt's share of the balance-sheet total falls from 71.0% to 60.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▼
2023 · €118k
Cash flow
€88k▼
2023 · €90k
Current ratio
0.60▲
2023 · 0.46
Debt to equity
1.88▼
2023 · 3.22
ROE
34.3%▼
2023 · 43.0%
ROA
11.1%▲
2023 · 9.5%
Interest coverage
51.18▲
2023 · 38.28
Debt ≤ 1 year
€347k▼
2023 · €364k
Debt > 1 year
€73k▼
2023 · €110k
Income taxes
€20k▼
2023 · €25k
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€666k€691k▲
Fixed assets21/28€498k€483k▼
Tangible fixed assets22/27€23k€8k▼
Furniture and vehicles24€20k€8k▼
Other tangible fixed assets26€3k€0▼
Financial fixed assets28€475k€475k=
Current assets29/58€168k€207k▲
Amounts receivable within one year40/41€82k€120k▲
Trade receivables40€15k€30k▲
Other amounts receivable41€67k€90k▲
Cash at bank and in hand54/58€80k€84k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€666k€691k▲
Equity10/15€147k€224k▲
Contributions10/11€6k€6k=
Reserves13€139k€139k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€139k€139k=
Profit (loss) carried forward14€2k€79k▲
Provisions and deferred taxes16€46k€46k=
Provisions for liabilities and charges160/5€46k€46k=
Pensions and similar obligations160€46k€46k=
Amounts payable17/49€473k€421k▼
Amounts payable after more than one year17€110k€73k▼
Financial debts170/4€110k€73k▼
Amounts payable within one year42/48€364k€347k▼
Current portion of amounts payable after more than one year42€40k€36k▼
Financial debts43€7k€0▼
Credit institutions430/8€7k€0▼
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€15k€9k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€293k€295k▲
Income statement
Code20232024
Non-recurring operating income76A-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€11k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€120k€115k▼
Operating profit (loss)9901€91k€98k▲
Financial income75/76B€241€697▲
Recurring financial income75€241€697▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€88k€96k▲
Income taxes67/77€25k€20k▼
Profit (loss) for the period9904€63k€77k▲
Profit (loss) for the period to be appropriated9905€63k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€79k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€63k€0▼
To other reserves6921€63k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €77k ▲21.3%
Operating result €98k, net result €77k, both a record.
30-09
Financial
Equity above €200kEq €224k ▲52.2%
7 profitable years in a row build equity to €224k.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100kEq €147k ▲75.5%
6 profitable years in a row build equity to €147k.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €1k ▼78.2%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Wingene · 1 establishment unit since 2009
Ground area
949 m²
Building footprint
134 m²
Volume, LiDAR
805 m³
Parcel 37019B0547/00L000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RECOFIX
since 20092.176.050.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019B0547/00L000 | Flanders | 949 m² | 1 · 134 m² | 9.9 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
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De Cosmograaf
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INFANION
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AxSeP-T
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,572. 39,366 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 formPrivate limited company
Founded21-01-2009
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.