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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
60 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
REC XVI from Antwerpen, company number BE0478380541, closed financial year 2025 with a result of € -68,495 after tax. For that financial year REC XVI recorded a gross margin of € 15,731 and equity of € -1.7 million. Compared with financial year 2024, the result moved from € -65,063 to € -68,495. 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 May 29, 2026.
€ -1.7 million
▼ € 68,495 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -68,495
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
€ 36,339
▲ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,268 | € -7,069 | € 15,202 | € 15,731 | ▲ 3% |
| Profit after taxes | € -77,595 | € -83,026 | € -65,063 | € -68,495 | ▼ € 3,432 |
| Equity | € -1,470,136 | € -1,553,162 | € -1,618,225 | € -1,686,720 | ▼ € 68,495 |
| Total debts | € 1,477,160 | € 1,554,424 | € 1,639,533 | € 1,723,059 | ▲ 5% |
| Cash | € 7,024 | € 1,261 | € 21,308 | € 36,339 | ▲ 71% |
| Retained profit | € -1,531,636 | € -1,614,662 | € -1,679,725 | € -1,748,220 | ▼ € 68,495 |
| Balance sheet total | € 7,024 | € 1,261 | € 21,308 | € 36,339 | ▲ 71% |
Key figures of REC XVI, 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 REC XVI?
What happened at REC XVI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Erwin Cok stepped down as director. NBB
- Hubrecht Cok stepped down as director. NBB
- Cornelia Cok stepped down as director. NBB
- FORTITUDE BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 68,495. Source: NBB ↗
- Erwin Cok became a director. NBB
- Hubrecht Cok became a director. NBB
- Cornelia Cok became a director. NBB
In short
From € 77,595 loss in 2022 to € 68,495 loss in 2025.
Management
The shares are held by SUMMA NV (100%).
Directors
According to the 2025 annual accounts
Erwin Cok
Director
Also active at: REC VI, NORBERTUS, SUMMA, PROFIFO, MIKA MANAGEMENT, DEVATRADE, REC XIX, RBD I +6 more
since 2022 · until 2028
Hubrecht Cok
Director
Also active at: REC VI, NORBERTUS, SUMMA, PROFIFO, ERMICO, REC XIX, RBD I, MALAGA +2 more
since 2022 · until 2028
Cornelia Cok
Director
Also active at: REC VI, Immobiliën Bureau Interinvest, NORBERTUS, SUMMA, PROFIFO, ERMICO, REC XIX, RBD I +8 more
since 2022 · until 2028
Director · represented by Evelien Devlieger
Also active at: REC VI, accentis property overpelt, NORBERTUS, SUMMA, PROFIFO, MIKA MANAGEMENT, REC XIX, RBD I +6 more
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Noorderlaan 139
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 60 companies are registered at this address.
All companies at this address →Lykes Bros Belgium
Scheepswerf De Toekomst
Waste Disposal Systems
AXE INVESTMENTS/ SEA LLOYD
€ 869,348 revenue · 2025
STRABAG Development Belgium
+55 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
- 0478.380.541
- VAT number
- BE 0478.380.541
- Registered office
- Noorderlaan 139, 2030 Antwerpen
- Names & denominations
- REC XVI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 2002
- Peppol
- Not registered