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 1 of the last 1 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RECIFAL-MUST from Liège, company number BE1020408227, closed financial year 2025 with a result of € -14,079 after tax. For that financial year RECIFAL-MUST recorded a gross margin of € -11,933 and equity of € -9,079. 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 28, 2026.
€ -9,079
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,079
Profit after tax over the fiscal year.
€ 2,781
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14,079.
Debts at end 2025
€ 26,575
€ 4,933 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 34,045
Supplier invoices still open on the last day of the fiscal year.
€ 1,564
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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What happened to RECIFAL-MUST?
What happened at RECIFAL-MUST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,079. filed late Source: NBB ↗
- New establishment in Liège. KBO
- Rudy MATHY became a director. NBB
- Alper OZTURK became a director. NBB
- Start of the company according to the CBE. KBO
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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
Behind RECIFAL-MUST are Rudy MATHY and Alper OZTURK.
Directors
According to the 2025 annual accounts
Rudy MATHY
Director
since 2025
Alper OZTURK
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Rue de la Madeleine 26
4000 Liège
Rue de Beyne 671
4020 Liège
Active since 3 March 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 1020.408.227
- VAT number
- BE 1020.408.227
- Registered office
- Rue de la Madeleine 26, 4000 Liège
- Names & denominations
- RECIFAL-MUST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 2025
- Peppol
- Active · Active since 12 Jun 2025
- Activities · NACE
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