RECTUS
ActiveSummary
RECTUS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €4k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-2
Solvency46▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.21 in 2024; short-term debt: 79.1% and cash: 71.4% of total assets), and 79.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
20.9%
Return on assets
0.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
1 d early
2023
22 d early
2022
43 d late
2021
30 d late
2020
27 d late
2019
7 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 68.6%
2024 · €12k
Working capital
€93k▲ 7.6%
2024 · €86k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3k▼ 85.8%€-12k€9k€12k▲ 34.3%€2k▼ 87.2%
Net result€2k▼ 87.9%€-12k€9k€12k▲ 32.3%€4k▼ 68.6%
Equity€90k▲ 2.5%€78k▼ 13.8%€87k▲ 11.9%€99k▲ 14.0%€103k▲ 3.9%
Total assets€519k▲ 15.7%€534k▲ 2.8%€522k▼ 2.2%€506k▼ 3.0%€490k▼ 3.1%
Debt€429k▲ 18.9%€456k▲ 6.3%€435k▼ 4.6%€407k▼ 6.4%€388k▼ 4.8%
Working capital€78k▲ 14.7%€50k▼ 35.9%€66k▲ 32.7%€86k▲ 30.2%€93k▲ 7.6%
Staff (FTE)11
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €490k
Fixed assets
€10k ▼ 30.6%
Current assets
€480k ▼ 2.3%
Equity and liabilities €490k
Equity
€103k ▲ 3.9%
Debt
€388k ▼ 4.8%
Debt's share of the balance-sheet total falls from 80.5% to 79.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €19k
Cash flow
€8k▼
2024 · €18k
Current ratio
1.24▲
2024 · 1.21
Debt to equity
3.77▼
2024 · 4.12
ROE
3.7%▼
2024 · 12.3%
ROA
0.8%▼
2024 · 2.4%
Interest coverage
12.94▼
2024 · 65.04
Debt ≤ 1 year
€388k▼
2024 · €405k
Staff costs
€8k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €46k | €49k | €53k | €16k | €8k | ▼ 52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €9k | €7k | €6k | €4k | ▼ 29.5% |
| Other operating charges640/8 | €17k | €1k | €933 | €3k | €1k | ▼ 59.9% |
| Gross operating margin9900 | €76k | €47k | €70k | €37k | €15k | ▼ 60.7% |
| Operating profit (loss)9901 | €3k | €-12k | €9k | €12k | €2k | ▼ 87.2% |
| Financial income75/76B | €50 | €181 | €221 | - | €3k | - |
| Recurring financial income75 | €50 | €181 | €221 | - | €3k | - |
| Financial charges65/66B | €542 | €370 | €298 | €287 | €461 | ▲ 60.8% |
| Recurring financial charges65 | €542 | €370 | €298 | €287 | €461 | ▲ 60.8% |
| Profit (loss) for the period before taxes9903 | €2k | €-12k | €9k | €12k | €4k | ▼ 68.6% |
| Profit (loss) for the period9904 | €2k | €-12k | €9k | €12k | €4k | ▼ 68.6% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-12k | €9k | €12k | €4k | ▼ 68.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €519k | €534k | €522k | €506k | €490k | ▼ 3.1% |
| Fixed assets21/28 | €13k | €28k | €21k | €14k | €10k | ▼ 30.6% |
| Tangible fixed assets22/27 | €13k | €28k | €21k | €14k | €10k | ▼ 30.6% |
| Land and buildings22 | €4k | €7k | €6k | €5k | €5k | ▼ 12.8% |
| Plant, machinery and equipment23 | €7k | €6k | €3k | €994 | €328 | ▼ 67.0% |
| Furniture and vehicles24 | €2k | €887 | €0 | - | - | - |
| Other tangible fixed assets26 | €627 | €14k | €11k | €8k | €5k | ▼ 38.2% |
| Current assets29/58 | €507k | €506k | €501k | €492k | €480k | ▼ 2.3% |
| Amounts receivable within one year40/41 | €7k | €139k | €141k | €136k | €128k | ▼ 5.5% |
| Trade receivables40 | €3k | €11k | €12k | €7k | - | - |
| Other amounts receivable41 | €4k | €128k | €128k | €129k | €128k | ▼ 0.3% |
| Cash at bank and in hand54/58 | €481k | €367k | €359k | €356k | €350k | ▼ 1.6% |
| Deferred charges and accrued income490/1 | €18k | - | €1k | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €519k | €534k | €522k | €506k | €490k | ▼ 3.1% |
| Equity10/15 | €90k | €78k | €87k | €99k | €103k | ▲ 3.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €26k | €16k | €25k | €37k | €41k | ▲ 10.3% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €19k | €9k | €19k | €31k | €35k | ▲ 12.4% |
| Profit (loss) carried forward14 | €2k | - | - | - | - | - |
| Amounts payable17/49 | €429k | €456k | €435k | €407k | €388k | ▼ 4.8% |
| Amounts payable within one year42/48 | €429k | €456k | €435k | €405k | €388k | ▼ 4.4% |
| Financial debts43 | €4k | - | - | - | - | - |
| Credit institutions430/8 | €4k | - | - | - | - | - |
| Trade debts44 | €17k | €3k | €5k | €7k | €242 | ▼ 96.6% |
| Suppliers440/4 | €17k | €3k | €5k | €7k | €242 | ▼ 96.6% |
| Advances received on contracts in progress46 | €313k | €344k | €326k | €324k | €317k | ▼ 2.0% |
| Taxes, remuneration and social security45 | €10k | €13k | €18k | €5k | €9k | ▲ 70.9% |
| Taxes450/3 | €5k | €9k | €13k | €4k | €9k | ▲ 129% |
| Remuneration and social security454/9 | €4k | €5k | €5k | €1k | - | - |
| Other amounts payable47/48 | €86k | €95k | €85k | €70k | €61k | ▼ 11.7% |
| Accrued charges and deferred income492/3 | €480 | - | - | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-12k | €9k | €12k | €4k | ▼ 68.6% |
| + Depreciation and write-downs630 | €10k | €9k | €7k | €6k | €4k | ▼ 29.5% |
| Operating cash flow (approximation) | €12k | €-3k | €16k | €18k | €8k | ▼ 55.4% |
| Investment in fixed assets (approximation) | - | €-24k | €0 | €0 | €0 | - |
| Change in cash | - | €-114k | €-8k | €-3k | €-6k | ▼ 72.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
31-12
Financial
Equity above €100kEq €103k ▲3.9%
3 profitable years in a row build equity to €103k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 43 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
24-07
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.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Knokke-Heist · 2 establishment units since 1987
Ground area
4,357 m²
Building footprint
307 m²
Volume, LiDAR
5,601 m³
2 parcels, Flanders · tallest building 23.7 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
RECTUS NV
since 19872.032.318.660
RECTUS NV
since 19892.032.318.759
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0532/00K002 | Flanders | 4,272 m² | 1 · 233 m² | 23.7 m · 8 fl. |
| 31013C0373/00A000 | Flanders | 84 m² | 1 · 75 m² | 13.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 345 EUR awarded · 345 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 172 EUR | 172 EUR |
| 2022 | 1 | 173 EUR | 173 EUR |
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Of 150 companies in sector 82910 we hold annual accounts for 78. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
82910Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.