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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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
RECUP from Kortrijk, company number BE0423279294, closed financial year 2025 with a result of € 64,673 after tax. For that financial year RECUP recorded a gross margin of € 81,771 and equity of € 351,096. Compared with financial year 2024, the result moved from € 61,923 to € 64,673. 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 September 28, 2026.
€ 351,096
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,673
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 26,252
▲ 236% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8,525 paid out
13 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 26,317
▼ 32% 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.
€ 1,897
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,547
▼ 66% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 65,241 | € 89,901 | € 110,174 | € 81,771 | ▼ 26% |
| Profit after taxes | € 38,453 | € 54,365 | € 61,923 | € 64,673 | ▲ 4% |
| Equity | € 178,661 | € 233,026 | € 294,948 | € 351,096 | ▲ 19% |
| Total debts | € 176,566 | € 151,264 | € 236,106 | € 175,463 | ▼ 26% |
| Cash | € 171,697 | € 148,746 | € 7,821 | € 26,252 | ▲ 236% |
| Land & buildings | € 177,956 | € 235,509 | € 380,688 | € 358,674 | ▼ 6% |
| Retained profit | € 116,661 | € 171,026 | € 232,948 | € 289,096 | ▲ 24% |
| Dividend | € 0 | € 0 | € 0 | € 8,525 | |
| Balance sheet total | € 355,226 | € 384,289 | € 531,054 | € 526,560 | ▼ 1% |
Key figures of RECUP, 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 RECUP?
What happened at RECUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 64,673 (▲ 4% vs 2024). filed late Source: NBB ↗
- Stéphane Devos became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,453 profit in 2022 to € 64,673 profit in 2025.
Paid € 74,454 in corporate taxes since 2022.
Best year ever: 2025, with € 64,673 profit.
Paid out € 8,525 in dividends to the owners in total.
Management
Behind RECUP is Stéphane Devos. The shares are held by Stéphane Devos (51%) and Virginie Vandermeulen (49%).
Directors
According to the 2025 annual accounts
Stéphane Devos
Director
Owns 51% directly
since 2024
Shareholders
Stéphane Devos · director
51%
Virginie Vandermeulen
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kastanjedreef(Rol) 3
8510 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.279.294
- VAT number
- BE 0423.279.294
- Registered office
- Kastanjedreef(Rol) 3, 8510 Kortrijk
- Names & denominations
- RECUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1982
- Peppol
- Active · Active since 16 Jul 2025
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