Financials
Financial year 2025
RECUTEX from Waregem, company number BE0458022617, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year RECUTEX recorded revenue of € 19.4 million and equity of € 3.6 million. Compared with financial year 2023, the result moved from € 1.6 million to € -2.6 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 3.6 million
▼ 42% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▼ still € 1.6 million profit in 2023
Profit after tax over the fiscal year.
€ 387,861
▼ 69% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.6 million.
People and assets in 2025
76.7
▲ 1.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.7 million
▲ 65% vs 2023
€ 74,100 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.
€ 306,778
▲ 1% vs 2023
Of which on lease € 86,991.
Debts at end 2025
€ 733,334
€ 27,491 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.8 million
▲ € 2.2 million vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 530,432
▲ 12% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,719,499 | € 15,631,981 | € 16,529,998 | € 19,359,635 | ▲ 17% |
| Profit after taxes | € 1,105,276 | € 2,514,914 | € 1,552,008 | € -2,600,421 | ▼ € 4.2 million |
| Equity | € 3,756,498 | € 4,671,412 | € 6,223,420 | € 3,622,999 | ▼ 42% |
| Total debts | € 4,533,320 | € 2,279,321 | € 1,088,824 | € 4,721,871 | ▲ € 3.6 million |
| Cash | € 1,836,913 | € 1,987,799 | € 1,249,873 | € 387,861 | ▼ 69% |
| Land & buildings | € 32,353 | € 25,868 | € 19,383 | € 9,656 | ▼ 50% |
| Retained profit | € 3,694,498 | € 4,609,412 | € 6,161,420 | € 3,560,999 | ▼ 42% |
| Dividend | € 1,900,000 | € 1,600,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 733,334 | |
| Balance sheet total | € 8,289,817 | € 6,950,733 | € 7,312,244 | € 8,344,870 | ▲ 14% |
| Employees (FTE) | 78.4 | 72 | 74.8 | 76.7 | ▲ 1.9 |
Key figures of RECUTEX, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to RECUTEX?
What happened at RECUTEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- POL T'JOLLYN stepped down as director. NBB
- DOUBLE T BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.6 million (▼ € 4.2 million vs 2023). Source: NBB ↗
- POL T'JOLLYN became a director. NBB
- DOUBLE T BV became a director. NBB
- New establishment in Zulte. KBO
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2021 to € 2.6 million loss in 2025.
Paid € 1.1 million in corporate taxes since 2021.
Best year ever: 2022, with € 2.5 million profit.
Paid out € 3.5 million in dividends to the owners in total.
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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
The stake of DOUBLE T comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RECUTEXThe shares are held by DOUBLE T (100%). It owns 98.9% of V.I.C.T. itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Managing director · represented by T'JOLLYN THOMAS
Also active at: RECUTEX INVEST, VLAAMS INZAMEL CENTRUM TEXTIEL, VICTRANS
since 2020 · until 2026
Shareholders
100%
Participations
98.9%
Establishments
Establishment units
Physical locations of this company
Zultseweg 234
8790 Waregem
Waregemstraat 148
9870 Zulte
Active since 17 June 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →RECUTEX INVEST same network
€ 661,605 gross margin · 2025
TOMMYPENNY
€ 35,679 gross margin · 2025
FirstClass
€ 101,210 gross margin · 2024
VLAAMS INZAMEL CENTRUM TEXTIEL same network
€ 338,501 gross margin · 2025
VICTRANS same network
€ 2.9 million gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.022.617
- VAT number
- BE 0458.022.617
- Registered office
- Zultseweg 234, 8790 Waregem
- Names & denominations
- RECUTEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 May 1996
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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