Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Recinco from Dendermonde, company number BE0408194509, closed financial year 2025 with a result of € 174,448 after tax. For that financial year Recinco recorded revenue of € 4.3 million and equity of € 865,170. Compared with financial year 2024, the result moved from € -553,373 to € 174,448. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 20, 2026.
€ 865,170
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 174,448
▲ still € 553,373 loss in 2024
Profit after tax over the fiscal year.
€ 17,901
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,000 paid out
14 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
11
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 22% vs 2024
€ 94,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 26,572
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 110,055
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 107,950
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,680,930 | € 1,466,829 | € 1,694,454 | € 4,329,477 | ▲ 156% |
| Gross margin | € 662,919 | € 689,398 | € 287,063 | € 1,289,500 | ▲ € 1 million |
| Profit after taxes | € 19,876 | € 16,176 | € -553,373 | € 174,448 | ▲ € 727,821 |
| Equity | € 1,277,657 | € 1,293,833 | € 740,461 | € 865,170 | ▲ 17% |
| Total debts | € 125,126 | € 132,748 | € 829,914 | € 298,029 | ▼ 64% |
| Cash | € 112,257 | € 243,397 | € 77,515 | € 17,901 | ▼ 77% |
| Land & buildings | € 4,461 | € 3,997 | € 3,532 | € 3,067 | ▼ 13% |
| Retained profit | € 1,029,763 | € 1,045,940 | € 492,567 | € 617,276 | ▲ 25% |
| Dividend | € 0 | € 0 | € 0 | € 25,000 | |
| Bank debt | € 0 | € 0 | € 455,000 | € 0 | ▼ 100% |
| Balance sheet total | € 1,856,839 | € 1,662,710 | € 1,751,503 | € 1,340,436 | ▼ 23% |
| Employees (FTE) | 11 | 11 | 11 | 11 |
Key figures of Recinco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Recinco?
What happened at Recinco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Karel Abbeel stepped down as director. NBB
- Bavo Gielis stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 174,448. Source: NBB ↗
- Karel Abbeel became a director. NBB
- Bavo Gielis became a director. NBB
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,876 profit in 2022 to € 174,448 profit in 2025.
Paid € 44,287 in corporate taxes since 2022.
Best year ever: 2025, with € 174,448 profit.
On average € 117,200 of value added per employee in 2025.
A new publication or filing at Recinco? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Karel Abbeel
Managing director
since 2022 · until 2028
Bavo Gielis
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Hoogveld 5 box 1
9200 Dendermonde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
recinco.be
Registered
2004-11-03
Website info
Features
Security
Network
Details
- Company number
- 0408.194.509
- VAT number
- BE 0408.194.509
- Registered office
- Hoogveld 5 bus 1, 9200 Dendermonde
- Names & denominations
- Recinco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 1971
- Peppol
- Active · Active since 3 Oct 2025
- Contact
- recinco.be
- Activities · NACE
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