Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of RECON is 0.4% (very low). The 2024 annual accounts show equity of €1.71M and a net result of €210k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 85% of 1225 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 85% of 1225 peers (2024). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsLong-established
Founded in 1989, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.4%
Very low
0%0,5%1,5%4%10%≥25%
Long track record
−Higher-failure-rate sector
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€210k-42.9%
Working capital€1.61M+0.3%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 09-07-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 62.1% | 20.4% | |
| Net result | €210k | €26k | |
| Equity | €1.71M | €142k | |
| Gross operating margin | €1.31M | €217k | |
| Staff costs | €854k | €163k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P85
Stable position over 2020-2024
· n=536-1225
P90
Stable position over 2020-2024
· n=536-1224
P95
Stable position over 2020-2024
· n=536-1225
P92
Stable position over 2020-2024
· n=536-1223
Describes the position versus peers, not a forecast.
€433k
-28.4%
+251% vs sector
€210k
-42.9%
far above sector median
€292k
-34.6%
+235% vs sector
€2.76M
-29.9%
far above sector median
€1.71M
+3.6%
far above sector median
€1.61M
+0.3%
far above sector median
11
-6.0%
far above sector median
€854k
-2.6%
far above sector median
€99k
-24.1%
far above sector median
€100k
-50.0%
+292% vs sector
€972k
-55.6%
+215% vs sector
€964k
-54.7%
+233% vs sector
2.67
+52.2%
+51% vs sector
1.28
+56.5%
+91% vs sector
62.1%
+47.8%
≈ vs sector
0.57
-57.2%
-43% vs sector
12.3%
-44.9%
+78% vs sector
7.6%
-18.6%
+293% vs sector
10.00
-52.3%
+3% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €433k |
| Net profit | €210k |
| Cash flow | €292k |
| Staff costs | €854k |
| Income taxes | €99k |
| Dividends | €100k |
| Total assets | €2.76M |
| Equity | €1.71M |
| Debt | €972k |
| of which ≤ 1y | €964k |
| of which > 1y | - |
| Working capital | €1.61M |
| Employees (FTE) | 10.9 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 2.67 |
| Quick ratio | 1.28 |
| Working capital ratio | 58.3% |
| Solvency | 62.1% |
| Debt / equity | 0.57 |
| Long-term debt ratio | - |
| Interest coverage | 10.00 |
| Gross margin | - |
| Net margin | - |
| ROA | 7.6% |
| ROE | 12.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.76M |
| Fixed assets | 21/28 | €186k |
| Tangible fixed assets | 22/27 | €184k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €2.57M |
| Stocks & contracts in progress | 3 | €1.34M |
| Amounts receivable within one year | 40/41 | €240k |
| Cash & bank | 54/58 | €931k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.76M |
| Equity | 10/15 | €1.71M |
| Contributions / capital | 10/11 | €600k |
| Reserves | 13 | €1.11M |
| Accumulated profits (losses) | 14 | €0 |
| Provisions & deferred taxes | 16 | €74k |
| Amounts payable | 17/49 | €972k |
| Amounts payable within one year | 42/48 | €964k |
| Trade debts payable within one year | 44 | €583k |
| Income statement | ||
| Gross operating margin | 9900 | €1.31M |
| Operating result | 9901 | €351k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €43k |
| Result before taxes | 9903 | €308k |
| Income taxes | 67/77 | €99k |
| Net result for the period | 9904 | €210k |
| Result to be appropriated | 9905 | €210k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
6 directorsCurrent directors & mandates
-
Current19-09-2025 → present
-
Current26-06-2025 → present
4 events
- 19-09-2025 Appointed· Director
- 19-09-2025 Appointed· Managing director
- 26-06-2025 Mandate renewed· Director
- 26-06-2025 Mandate renewed· Managing director
-
SD Consult OostendeLegal entityDirector· perm. rep.: Soete WimState Gazette act 25128903 (10-10-2025)Current26-06-2025 → present
-
Current26-06-2025 → present
2 events
- 26-06-2025 Mandate renewed· Director
- 26-06-2025 Mandate renewed· Managing director
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
BVBA "Somo Invest"Legal entityDirector· perm. rep.: Maria MortierState Gazette act 13123033 (06-08-2013)Not recently confirmedlast confirmed in an act from 2013
2 events
- 22-06-2013 Mandate renewed· Director
- 22-06-2013 Mandate renewed· Managing director
-
BVBA SD ConsultLegal entityDirector· perm. rep.: Wim SoeteState Gazette act 13123033 (06-08-2013)Not recently confirmedlast confirmed in an act from 2013
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811) |
| Legal form | Public limited company(014) |
| Incorporation | 21-06-1989 |
| Status | Active |
| Postal code | 8400 |
Structure & network
Connections & network
5 connected companiesGroup structure
Parent · 3 subsidiaries · 1 location
Control→
Parent · 2 subsidiaries · 1 location
Control→
Parent · 3 subsidiaries · 1 location
Control→
Network connections
Shared corporate director
→
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationGARAGE VOLVO
since 19892.044.422.676
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4,499 m²
Buildings1
Building footprint3,123 m²
Volume (LiDAR)18,666 m³
Tallest building7.7 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0715/00X000 | Flanders | 4,499 m² | 1 · 3,123 m² | 7.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts All acts · 5
updated 10 months ago
2025
10-10-2025 5 reappointed
- Soete Christ, Bestuurder
- Mortier Maria, Bestuurder
- Soete Wim, Bestuurder
- Soete Christ, Gedelegeerd bestuurder
- Mortier Maria, Gedelegeerd bestuurder
Summary:
v3.2
19-09-2025 Articles of association amended
Summary:
v3.2
2024
03-01-2024 Publication in the Belgian Official Gazette, Minor change
Summary:
Statutes changeNotary:
Jasmine Roels · Diksmuide
2019
26-07-2019 3 reappointed
- Maria Mortier, Bestuurder
- Maria Mortier, Gedelegeerd bestuurder
- Wim Soete, Bestuurder
Summary:
v3.2
2013
06-08-2013 3 reappointed
- Maria Mortier, Bestuurder
- Maria Mortier, Gedelegeerd bestuurder
- Wim Soete, Bestuurder
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes81
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
61
Solvency
99
Growth
52
Stability
100
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Credit advice
verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)45111Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)46711Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Groothandel in motorvoertuigen50101Onderhoud en reparatie van auto's50200Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)45201Reparatie en montage van specifieke auto-onderdelen45203Carrosserieherstelling45204Detailhandel in motorvoertuigen50103Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)95311Reparatie en montage van specifieke auto-onderdelen95313Carrosserieherstelling (inclusief spuiten en verven)95314
Primary activity highlighted.
Names & trade names
| Legal nameNL | RECON |
Registered office
Ankerstraat 14-16
8400 Oostende, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.