Financials
Financial year 2025
RECO + from Herve, company number BE0866062025, closed financial year 2025 with a result of € 289,737 after tax. For that financial year RECO + recorded revenue of € 18.6 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 173,368 to € 289,737. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 1.5 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 289,737
▲ 67% vs 2024
Profit after tax over the fiscal year.
€ 2.6 million
▲ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.4 million.
People and assets in 2025
16.7
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 30% vs 2024
€ 63,400 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.
€ 637,465
▲ 54% 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.
€ 3.8 million
▲ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 80 days on average.
€ 87,516
▼ 75% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,136,381 | € 10,977,123 | € 12,605,562 | € 18,584,538 | ▲ 47% |
| Gross margin | € 1,246,550 | € 1,382,084 | € 1,596,333 | - | |
| Profit after taxes | € 437,933 | € 345,517 | € 173,368 | € 289,737 | ▲ 67% |
| Equity | € 4,334,258 | € 4,679,775 | € 1,173,143 | € 1,462,880 | ▲ 25% |
| Total debts | € 1,762,786 | € 1,852,448 | € 7,434,868 | € 4,815,729 | ▼ 35% |
| Cash | € 828,983 | € 1,316,538 | € 1,407,974 | € 2,552,514 | ▲ 81% |
| Retained profit | € 4,274,519 | € 4,620,036 | € 1,113,404 | € 1,401,282 | ▲ 26% |
| Dividend | € 300,000 | € 0 | € 3,680,000 | € 0 | ▼ 100% |
| Balance sheet total | € 6,097,043 | € 6,532,223 | € 8,608,010 | € 6,278,609 | ▼ 27% |
| Employees (FTE) | 13.1 | 14.1 | 14.1 | 16.7 | ▲ 2.6 |
Key figures of RECO +, 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 RECO +?
What happened at RECO + in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 289,737 (▲ 67% vs 2024). Source: NBB ↗
- New establishment in Herve. KBO
- Start of the company according to the CBE. KBO
In short
From € 437,933 profit in 2022 to € 289,737 profit in 2025.
Paid € 537,067 in corporate taxes since 2022.
Best year ever: 2022, with € 437,933 profit.
On average € 113,200 of value added per employee in 2024.
Establishments
Establishment units
Physical locations of this company
Rue de Chesseroux 5
4651 Herve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0866.062.025
- VAT number
- BE 0866.062.025
- Registered office
- Rue de Chesseroux 5, 4651 Herve
- Names & denominations
- RECO +
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2004
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen