RECY FOREST
ActiveThe computed 12-month bankruptcy probability of RECY FOREST is 1.6% (moderate). The 2025 annual accounts show equity of €642k and a net result of €-57k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 1836 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-6
Solvency60▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.67 in 2024; short-term debt: 37.5% and cash: 9.4% of total assets), and 64.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
28 d late
2023
30 d late
2022
22 d late
2021
30 d late
2020
27 d late
2019
33 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-57k
2024 · €43k
2018: €19k
2019: €51k
2020: €-4k
2021: €171k
2022: €7k
2023: €155k
2024: €43k
2018 → 2025
Working capital
€-166k▲ 27.6%
2024 · €-229k
2018: €-32k
2019: €-16k
2020: €18k
2021: €277k
2022: €261k
2023: €-182k
2024: €-229k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€495k-€503k▲ 1.4%€658k▲ 30.9%€698k▲ 6.2%€642k▼ 8.1%
Operating result€121k-€32k▼ 73.2%€218k▲ 571%€62k▼ 71.8%€-27k
Net result€171k-€7k▼ 95.8%€155k▲ 2,083%€43k▼ 72.2%€-57k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €62k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.81M
Fixed assets
€1.30M▼ 18.1%
Current assets
€514k▲ 11.0%
Equity and liabilities €1.81M
Equity
€642k▼ 8.1%
Provisions
€21k▼ 17.0%
Debt
€1.15M▼ 13.2%
The debt ratio falls from 64.7% to 63.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€214k▼
2024 · €250k
Cash flow
€184k▼
2024 · €232k
Solvency
35.4%▲
2024 · 34.1%
Current ratio
0.76▲
2024 · 0.67
Quick ratio
0.52▲
2024 · 0.45
Debt / equity
1.79▼
2024 · 1.90
ROE
-8.8%▼
2024 · 6.2%
ROA
-3.1%▼
2024 · 2.1%
Interest coverage
6.23▼
2024 · 11.05
Debt
€1.15M▼
2024 · €1.33M
Debt ≤ 1 year
€680k▼
2024 · €693k
Debt > 1 year
€470k▼
2024 · €633k
Income taxes
€0
Staff costs
€49k▼
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.05M€1.81M▼
Fixed assets21/28€1.59M€1.30M▼
Tangible fixed assets22/27€1.58M€1.29M▼
Land and buildings22€249k€244k▼
Plant, machinery and equipment23€1.21M€1.01M▼
Furniture and vehicles24€114k€31k▼
Financial fixed assets28€9k€9k=
Current assets29/58€463k€514k▲
Stocks and contracts in progress3€150k€161k▲
Stocks30/36€150k€161k▲
Amounts receivable within one year40/41€89k€182k▲
Trade receivables40€77k€127k▲
Other amounts receivable41€12k€55k▲
Cash at bank and in hand54/58€224k€171k▼
Equity and liabilities
Total equity and liabilities10/49€2.05M€1.81M▼
Equity10/15€698k€642k▼
Contributions10/11€19k€19k=
Reserves13€77k€65k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€76k€63k▼
Profit (loss) carried forward14€602k€559k▼
Provisions and deferred taxes16€25k€21k▼
Deferred taxes168€25k€21k▼
Amounts payable17/49€1.33M€1.15M▼
Amounts payable after more than one year17€633k€470k▼
Financial debts170/4€633k€470k▼
Amounts payable within one year42/48€693k€680k▼
Current portion of amounts payable after more than one year42€184k€163k▼
Trade debts44€275k€126k▼
Suppliers440/4€275k€126k▼
Taxes, remuneration and social security45€54k€5k▼
Taxes450/3€45k-
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48€179k€387k▲
Income statement
Code20242025
Non-recurring operating income76A€176k€127k▼
Remuneration, social security and pensions62€64k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€189k€241k▲
Other operating charges640/8€16k€19k▲
Non-recurring operating charges66A€45€49▲
Gross operating margin9900€330k€282k▼
Operating profit (loss)9901€62k€-27k▼
Financial income75/76B€4€211▲
Recurring financial income75€4€211▲
Financial charges65/66B€23k€34k▲
Recurring financial charges65€23k€34k▲
Profit (loss) for the period before taxes9903€39k€-61k▼
Transfer from deferred taxes780€4k€4k=
Income taxes67/77-€0
Profit (loss) for the period9904€43k€-57k▼
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€56k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€602k€559k▼
Profit (loss) brought forward from the previous period14P€546k€602k▲
Social balance
Average headcount (FTE)90871.31.9▲
The notes to these accounts (13 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-57k ▼231%
Net result drops to €-57k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Equity above €500kEq €503k ▲1.4%
2 profitable years in a row build equity to €503k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €171k
Net result €171k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bastogne · 2 establishment units since 2007
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.
Vaux 116600 BastogneGround area
2,335 m²
Building footprint
458 m²
Volume, LiDAR
3,549 m³
2 parcels, Wallonia · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
RECY FOREST
since 20072.164.272.809
Rue de la Soye,Saint-Vincent 6, 6730 Tintigny
since 20242.366.704.186
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82024E0410/00E000 | Wallonia | 1,861 m² | 1 · 274 m² | 14.2 m · 3 fl. |
| 85036A2495/00D003indicative | Wallonia | 474 m² | 1 · 184 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CORRAL
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TRANSPORT VEDROVA
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 4,844 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2007
Fiscal year end31-12
Activities, NACEBEL
02100Forestry and logging
02200Logging
49410Freight transport by road
02012
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.