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 3 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 24 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RECNEPS from Antwerpen, company number BE0667513616, closed financial year 2025 with a result of € -999,210 after tax. For that financial year RECNEPS recorded a gross margin of € 456,838 and equity of € -935,534. Compared with financial year 2024, the result moved from € -531,445 to € -999,210. 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 August 21, 2026.
€ -935,534
▼ € 999,210 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -999,210
▼ 88 % more loss than in 2024
Profit after tax over the fiscal year.
€ 64,741
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.9 million.
People and assets in 2025
6.2
▲ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 470,214
▲ 132% vs 2024
€ 75,800 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.
€ 28,006
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 7% vs 2024
€ 9,511 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1 million
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,918
▲ 45% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 557,630 | € 101,124 | € 345,401 | € 456,838 | ▲ 32% |
| Profit after taxes | € -298,269 | € -729,453 | € -531,445 | € -999,210 | ▼ € 467,765 |
| Equity | € -204,526 | € -633,979 | € 63,676 | € -935,534 | ▼ € 999,210 |
| Total debts | € 3,631,188 | € 3,298,808 | € 3,949,059 | € 5,224,310 | ▲ 32% |
| Cash | € 99,373 | € 21,910 | € 82,261 | € 64,741 | ▼ 21% |
| Retained profit | € -2,666,027 | € -3,395,480 | € -3,926,925 | € -4,926,134 | ▼ € 999,210 |
| Bank debt | € 1,817,359 | € 1,254,679 | € 1,175,000 | € 1,089,028 | ▼ 7% |
| Balance sheet total | € 3,426,662 | € 2,664,828 | € 4,012,735 | € 4,288,776 | ▲ 7% |
| Employees (FTE) | 3.7 | 2.7 | 2.9 | 6.2 | ▲ 3.3 |
Key figures of RECNEPS, 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 RECNEPS?
What happened at RECNEPS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- 1105 Holding BV stepped down as director. NBB
- Telenet Group Holding NV stepped down as director. NBB
- Jeni Invest NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 999,210. filed late Source: NBB ↗
- Telenet Group Holding NV became a director. NBB
- 1105 Holding BV became a director. NBB
- Jeni Invest NV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 298,269 loss in 2022 to € 999,210 loss in 2025.
Paid € 1,546 in corporate taxes since 2022.
On average € 73,700 of value added per employee in 2025.
Management
The stake of 1105 Holding, TELENET GROUP HOLDING, QLOU, JENI INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RECNEPSThe shares are held by 1105 Holding (37.8%), TELENET GROUP HOLDING (33%), QLOU (12.3%) and JENI INVEST (7%). It owns 100% of Roger itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
since 2024 · until 2030
Director · represented by Geert Van Stappen
Also active at: Cobresco, Cool-Cuyvers, BUILDMAT INVEST, ALL-WOOD TRADING, COLLINET-ASSAINISSEMENT - COLLINET-WATERZUIVERING, DOMS, MAVIBO, JENI HOLDING +30 more
since 2024 · until 2030
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Scheldestraat 11
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →Triumph
BUNDL HOLDING
€ 22,605 gross margin · 2026
ROGER same network
€ 608,668 gross margin · 2025
Hyphen Finance
€ 24.5 million revenue · 2025
1105 Holding same network
€ -206,061 gross margin · 2025
+14 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
- 0667.513.616
- VAT number
- BE 0667.513.616
- Registered office
- Scheldestraat 11, 2000 Antwerpen
- Names & denominations
- RECNEPS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 2016
- Peppol
- Active · Active since 7 Apr 2025
- Activities · NACE
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