RECOVA
ActiveSummary
RECOVA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294k and a net result of €-61k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 679 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-93
Solvency72▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.25 against 1.64 in 2024; short-term debt: 39% and cash: 1.9% of total assets), and 53.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
76 d early
2023
84 d early
2022
49 d early
2021
80 d early
2020
31 d late
2019
80 d early
← 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, micro schema
Equity
€294k▼ 25.6%
2024 · €395k
2018: €165k
2019: €110k
2020: €115k
2021: €116k
2022: €122k
2023: €180k
2024: €395k
2018 → 2025
Total assets
€628k▼ 13.2%
2024 · €724k
2018: €253k
2019: €814k
2020: €1.42M
2021: €1.36M
2022: €1.04M
2023: €880k
2024: €724k
2018 → 2025
Net result
€-61k
2024 · €215k
2018: €-645
2019: €-55k
2020: €4k
2021: €851
2022: €6k
2023: €58k
2024: €215k
2018 → 2025
Working capital
€-184k
2024 · €72k
2018: €-46k
2019: €-315k
2020: €-576k
2021: €-653k
2022: €-514k
2023: €-287k
2024: €72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€122k▲ 5.3%€180k▲ 47.6%€395k▲ 120%€294k▼ 25.6%
Operating result€7k-€19k▲ 170%€30k▲ 52.6%€21k▼ 27.9%€-53k
Net result€851-€6k▲ 624%€58k▲ 841%€215k▲ 271%€-61k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €53k after €21k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €628k
Fixed assets
€567k ▲ 5.3%
Current assets
€61k ▼ 67.2%
Equity and liabilities €628k
Equity
€294k ▼ 25.6%
Debt
€334k ▲ 1.6%
Debt's share of the balance-sheet total rises from 45.4% to 53.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2024 · €62k
Cash flow
€-17k▼
2024 · €256k
Current ratio
0.25▼
2024 · 1.64
Debt to equity
1.14▲
2024 · 0.83
ROE
-20.7%▼
2024 · 54.5%
ROA
-9.7%▼
2024 · 29.7%
Interest coverage
-1.06▼
2024 · 6.82
Debt ≤ 1 year
€245k▲
2024 · €113k
Debt > 1 year
€83k▼
2024 · €214k
Income taxes
€-78▼
2024 · €13k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€724k€628k▼
Fixed assets21/28€538k€567k▲
Tangible fixed assets22/27€537k€566k▲
Land and buildings22€468k€510k▲
Plant, machinery and equipment23-€5k
Furniture and vehicles24€8k€2k▼
Leasing and similar rights25€7k€5k▼
Other tangible fixed assets26€53k€44k▼
Financial fixed assets28€1k€1k=
Current assets29/58€185k€61k▼
Amounts receivable within one year40/41€19k€15k▼
Trade receivables40€16k€15k▼
Other amounts receivable41€3k-
Cash at bank and in hand54/58€89k€12k▼
Deferred charges and accrued income490/1€78k€33k▼
Equity and liabilities
Total equity and liabilities10/49€724k€628k▼
Equity10/15€395k€294k▼
Contributions10/11€150k€150k=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€215k€114k▼
Amounts payable17/49€329k€334k▲
Amounts payable after more than one year17€214k€83k▼
Financial debts170/4€214k€83k▼
Amounts payable within one year42/48€113k€245k▲
Current portion of amounts payable after more than one year42€61k€32k▼
Trade debts44€11k€927▼
Suppliers440/4€11k€927▼
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€34k€207k▲
Accrued charges and deferred income492/3€2k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€44k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€65k€-5k▼
Operating profit (loss)9901€21k€-53k▼
Financial income75/76B€215k€203▼
Recurring financial income75€188€203▲
Non-recurring financial income76B€215k-
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€228k€-61k▼
Income taxes67/77€13k€-78▼
Profit (loss) for the period9904€215k€-61k▼
Profit (loss) for the period to be appropriated9905€215k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€215k€154k▼
Profit (loss) brought forward from the previous period14P-€215k
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
09-04
State Gazette act
General meeting · Director resignation
Declaration · Director appointment
09-04
State Gazette act
General meeting · Director resignation
Permanent representative · Declaration
2025
31-12
Financial
Weakest financial yearnet €-61k ▼128%
Net result drops to €-61k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €215k ▲271%
Net result €215k, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 1.64
Current ratio from 0.34 to 1.64; short-term debt falls from €434k to €113k.
31-12
Financial
Equity above €200kEq €395k ▲120%
5 profitable years in a row build equity to €395k.
30-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €180k ▲47.6%
4 profitable years in a row build equity to €180k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Show earlier events
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
07-01
State Gazette act
General meeting · Capital decrease
Capital · Corporate purpose · Marc SLEDSENS
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Leuven · 1 establishment unit since 1996
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.
Vaartkom 353000 LeuvenGround area
3,169 m²
Building footprint
2,453 m²
Volume, LiDAR
68,204 m³
Parcel 24062A0074/00M000, Flanders · tallest building 38.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Vaartkom 35, 3000 Leuven
since 19962.077.909.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0074/00M000 | Flanders | 3,169 m² | 1 · 2,452 m² | 38.6 m · 9 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.
Structure & network
Connections & network
5 connected companiesLinked via shared directors
Shared director
→
Shared director
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Shared director
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Shared director
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Show 1 more companies with a shared director
Shared director
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Ownership & control
4 board mandatesBoard mandates of this companythis company sits on their board4
Recognitions · licences · registrations
Legal Entity Identifier
2549004HZ2VDCGXWPP41
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Of 1,112 companies in sector 58110 we hold annual accounts for 363. 240 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
Founded28-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
70200Business and other management consultancy
74301Translation services
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
1. Verslag raad van bestuur. 2. Goedkeuring van de jaarrekening 2005. 3. Bestemming resultaat. 4. Décharge aan de bestuurders. 5. Diversen. (12484) V D P, naamloze vennootschap, Vaatjesstraat 46, 2580 Putte Ondernemingsnummer 0459.315.784 Jaarvergadering op 02/05/2006, om 20 uur, ten zetel. — Agenda : 1. Verslag raad van bestuur. 2. Goedkeuring van de jaarrekening 2005. 3. Bestemming resultaat. 4. Décharge aan de bestuurders. 5. Diversen.