Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Recreatio from Sint-Pieters-Leeuw, company number BE0412570791, closed financial year 2025 with a result of € -57,598 after tax. For that financial year Recreatio recorded a gross margin of € -24,177 and equity of € -84,688. Compared with financial year 2024, the result moved from € 58,853 to € -57,598. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.
€ -84,688
▼ € 57,598 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -57,598
▼ still € 58,853 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -744,299.
Debts at end 2025
€ 354,852
▼ 13% vs 2024
€ 60,489 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 32,333
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 40,631 | € 38,080 | € 92,300 | € -24,177 | ▼ € 116,476 |
| Profit after taxes | € 3,526 | € 3,731 | € 58,853 | € -57,598 | ▼ € 116,451 |
| Equity | € -89,674 | € -85,943 | € -27,090 | € -84,688 | ▼ € 57,598 |
| Total debts | € 1,169,927 | € 1,146,393 | € 1,088,773 | € 1,126,247 | ▲ 3% |
| Land & buildings | € 1,053,743 | € 1,037,325 | € 1,020,907 | € 1,004,490 | ▼ 2% |
| Retained profit | € -749,286 | € -745,554 | € -686,701 | € -744,299 | ▼ € 57,598 |
| Bank debt | € 519,144 | € 467,564 | € 409,278 | € 354,852 | ▼ 13% |
| Balance sheet total | € 1,080,253 | € 1,060,450 | € 1,061,684 | € 1,041,560 | ▼ 2% |
Key figures of Recreatio, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Recreatio?
What happened at Recreatio in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 57,598 (▼ € 116,451 vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Sint-Pieters-Leeuw. KBO
In short
From € 3,526 profit in 2022 to € 57,598 loss in 2025.
Best year ever: 2024, with € 58,853 profit.
Management
The stake of INVESTERINGS- BEHEER- EN STUDIEVENNOOTSCHAP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RecreatioBehind Recreatio are Jo Troubleyn, Frederiek Troubleyn and Eddy De Nil. The shares are held by INVESTERINGS- BEHEER- EN STUDIEVENNOOTSCHAP (10%).
Directors
According to the 2025 annual accounts
Jo Troubleyn
Managing director
Frederiek Troubleyn
Administrator-manager
Eddy De Nil
Administrator-manager
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Elsweg 10
1600 Sint-Pieters-Leeuw
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.570.791
- VAT number
- BE 0412.570.791
- Registered office
- Elsweg 10, 1600 Sint-Pieters-Leeuw
- Names & denominations
- Recreatio
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 September 1972
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
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