Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
RECIF INVESTMENTS from Brussel, company number BE0462333474, closed financial year 2025 with a result of € -30,781 after tax. For that financial year RECIF INVESTMENTS recorded a gross margin of € -34,462 and equity of € 4.5 million. Compared with financial year 2024, the result moved from € -33,249 to € -30,781. The company made a loss. 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 July 6, 2026.
€ 4.5 million
▲ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30,781
▲ 7 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,361
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -555,389.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 21,015
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -21,622 | € -20,287 | € -31,725 | € -34,462 | ▼ € 2,737 |
| Profit after taxes | € -22,423 | € -21,893 | € -33,249 | € -30,781 | ▲ € 2,469 |
| Equity | € 3,403,420 | € 3,381,527 | € 3,348,277 | € 4,546,483 | ▲ 36% |
| Total debts | € 18,056 | € 22,672 | € 24,392 | € 23,355 | ▼ 4% |
| Cash | € 6,346 | € 2,780 | € 8,588 | € 8,361 | ▼ 3% |
| Retained profit | € -469,466 | € -491,359 | € -524,609 | € -555,389 | ▼ € 30,781 |
| Balance sheet total | € 3,421,475 | € 3,404,199 | € 3,372,669 | € 4,569,838 | ▲ 35% |
Key figures of RECIF INVESTMENTS, 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 RECIF INVESTMENTS?
What happened at RECIF INVESTMENTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Guillermo SCHULTZ stepped down as director. NBB
- Robert MUFFLY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 30,781. Source: NBB ↗
- Guillermo SCHULTZ became a director. NBB
- Robert MUFFLY became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,423 loss in 2022 to € 30,781 loss in 2025.
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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 shares are held by The Bank of Novia Scotia Trust Company and Superior Limited. It owns 100% of MAGNA (U.S.) INC itself.
Directors
According to the 2025 annual accounts
Guillermo SCHULTZ
Director
Also active at: CORAL INVESTMENTS, LEON INVESTMENTS, Arvida Investments, Baton Blanc Investments, BRAUNFELS INVESTMENTS
since 2021 · until 2027
Robert MUFFLY
Director
Also active at: CORAL INVESTMENTS, LEON INVESTMENTS, Arvida Investments, Baton Blanc Investments, BRAUNFELS INVESTMENTS
since 2021 · until 2027
Shareholders
The Bank of Novia Scotia Trust Company
Superior Limited
Participations
MAGNA (U.S.) INC
100%
Establishments
Establishment units
Physical locations of this company
Louizalaan 143 box 4
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
All companies at this address →Socobom
€ 123,176 gross margin · 2025
Comptoir Bogaerts
GEVELE
€ 3.7 million revenue · 2025
ELARMEC
€ 392,913 gross margin · 2025
AUSI A ET P
€ 6,839 gross margin · 2025
+34 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
- 0462.333.474
- VAT number
- BE 0462.333.474
- Registered office
- Louizalaan 143 bus 4, 1050 Brussel
- Names & denominations
- RECIF INVESTMENTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 1998
- Peppol
- Not registered