ACTIVE

RREC

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Financial year 2025 · closed on 31/03/2025

Net result

714 k €

+14.7% YoY

Gross margin

1 M €

+11.9% YoY

Equity

1,9 M €

+35.2% YoY

What does RREC do?

RREC is a Private limited company incorporated in 1987. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.696.313

Incorporation

05/12/1987

Legal form

Private limited company

Registered office

Van Bunnenlaan 23
8300 Knokke-Heist · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/03/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2013		2012		2011		2009		2008		2007
Income statement
Gross margin	1 M €	+11.9%	930,6 k €	+26.9%	733,3 k €	+289%	188,7 k €	+138%	79,3 k €	-39.6%	131,3 k €	+135%	56 k €	-13.4%	64,6 k €	+15.3%	56 k €	-11.8%	63,5 k €	-55.3%	142,1 k €	-10.1%	158 k €	+96.9%	80,3 k €	+895%	8,1 k €	+4782%	-172,3 €	+98.4%	-10,6 k €
EBITDA	1 M €	+11.9%	928,3 k €	+26.9%	731,4 k €	+298%	183,7 k €	+137%	77,5 k €	-40.1%	129,5 k €	+139%	54,2 k €	+198%	18,2 k €	-66.2%	54 k €	-11.2%	60,8 k €	-38.9%	99,4 k €	-9.7%	110,2 k €	+433%	20,7 k €	+325%	4,9 k €	+245%	-3,4 k €	+78.5%	-15,7 k €
Operating result	1 M €	+12.2%	900,3 k €	+27.0%	708,9 k €	+318%	169,4 k €	+161%	65 k €	-44.9%	118 k €	+276%	31,4 k €	+295%	7,9 k €	-81.6%	43,3 k €	-10.3%	48,2 k €	-25.7%	65 k €	+0.6%	64,5 k €	+669%	-11,3 k €	-333%	4,9 k €	+245%	-3,4 k €	+78.5%	-15,7 k €
Net result	714 k €	+14.7%	622,3 k €	+27.9%	486,6 k €	+317%	116,6 k €	+146%	47,4 k €	-41.2%	80,6 k €	+327%	18,9 k €	+388%	3,9 k €	-84.4%	24,9 k €	-31.8%	36,4 k €	-15.4%	43 k €	-32.7%	63,9 k €	+1060%	-6,7 k €	-214%	5,8 k €	+388%	-2 k €	+86.4%	-14,9 k €
Balance sheet
Equity	1,9 M €	+35.2%	1,4 M €	+65.9%	825,6 k €	+131%	357,8 k €	+14.2%	313,3 k €	+17.8%	265,9 k €	+42.0%	187,3 k €	+11.2%	168,4 k €	-24.1%	221,9 k €	+6.9%	207,6 k €	+53.8%	135 k €	+46.8%	91,9 k €	+228%	28 k €	-19.2%	34,7 k €	+20.2%	28,8 k €	-6.6%	30,9 k €
Total assets	2,7 M €	+35.3%	2 M €	+26.8%	1,6 M €	+163%	589,4 k €	+44.3%	408,3 k €	+1.4%	402,6 k €	+13.0%	356,3 k €	+8.0%	330,1 k €	-6.0%	351,2 k €	+2.3%	343,3 k €	-13.4%	396,4 k €	+13.8%	348,3 k €	+117%	160,7 k €	+353%	35,5 k €	-10.3%	39,6 k €	+5.5%	37,5 k €
Cash	117,9 k €	-26.3%	160 k €	-79.6%	782,4 k €	+80.8%	432,8 k €	+91.1%	226,5 k €	+16.8%	193,8 k €	+139%	81 k €	-40.1%	135,3 k €	+28.2%	105,6 k €	+14.8%	91,9 k €	-46.3%	171,2 k €	+35.1%	126,7 k €	+121%	57,2 k €	+458%	10,3 k €	+1057%	887,1 €	-30.1%	1,3 k €
Debts	810,1 k €	+40.0%	578,6 k €	-19.9%	722,3 k €	+219%	226,5 k €	+143%	93,2 k €	-30.6%	134,3 k €	-18.6%	164,9 k €	+5.7%	156,1 k €	+20.7%	129,2 k €	-3.3%	133,7 k €	-48.8%	261,4 k €	+2.0%	256,3 k €	+93.2%	132,7 k €	+17986%	733,7 €	-92.5%	9,7 k €	+105%	4,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,8 ETP	-11.1%	0,9 ETP	0.0%	0,9 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 11 ended

Active mandates

Rommel Dennis

Director

Active

Ended mandates

Anne Marie Dhoest

Director · since 23 janvier 2010

Ended

Dennis Rommel

Managing director · since 23 janvier 2010

Ended

Aimé Degryse

Managing director · until 23 janvier 2010

Ended

Aimé Degryse

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
AM2K● Active	0535.549.668
DRRD● Active	0840.532.318

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	15/10/2024	30/10/2023	24/10/2022	26/10/2021	26/10/2020
General meeting	29/09/2025	15/10/2024	28/10/2023	24/10/2022	23/10/2021	23/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	29/09/2025	30/09/2025	Dutch	PDF
Micro model	31/03/2024	15/10/2024	15/10/2024	Dutch	PDF
Micro model	31/03/2023	28/10/2023	30/10/2023	Dutch	PDF
Micro model	31/03/2022	24/10/2022	24/10/2022	Dutch	PDF
Micro model	31/03/2021	23/10/2021	26/10/2021	Dutch	PDF
Micro model	31/03/2020	23/10/2020	26/10/2020	Dutch	PDF
Micro model	31/03/2019	24/09/2019	27/09/2019	Dutch	PDF
Micro model	31/03/2018	25/09/2018	10/10/2018	Dutch	PDF
Micro model	31/03/2017	24/10/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	27/09/2016	22/11/2016	Dutch	PDF
Abridged model	31/03/2015	28/09/2015	02/10/2015	Dutch	PDF
Abridged model	31/03/2014	29/09/2014	22/10/2014	Dutch	PDF
Abridged model	31/03/2013	18/09/2013	15/10/2013	Dutch	PDF
Abridged model	31/03/2012	10/10/2012	22/10/2012	Dutch	PDF
Abridged model	31/03/2011	03/09/2011	30/09/2011	Dutch	PDF
Abridged model	30/06/2009	18/09/2009	30/09/2009	Dutch	PDF
Abridged model	30/06/2008	05/09/2008	26/09/2008	Dutch	PDF
Abridged model	30/06/2007	15/09/2007	18/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 11 ended

Active mandates

Rommel Dennis

Director

Active

Ended mandates

Anne Marie Dhoest

Director · since 23 janvier 2010

Ended

Dennis Rommel

Managing director · since 23 janvier 2010

Ended

Aimé Degryse

Managing director · until 23 janvier 2010

Ended

Aimé Degryse

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/04/2017
KAPITAAL - AANDELEN
PDF
Mandates05/12/2013
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Restructuring09/10/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office17/02/2010
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/01/2005
ONTSLAGEN - BENOEMINGEN
PDF
Other27/04/2004
BENAMING
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025714 k €↑
2024
Annual accounts 2024622,3 k €↑
2023
Annual accounts 2023486,6 k €↑
2022
Annual accounts 2022116,6 k €↑
2020
Annual accounts 202047,4 k €↓
2019
Annual accounts 201980,6 k €↑
2018
Annual accounts 201818,9 k €↑
2017
Annual accounts 20173,9 k €↓
2016
Annual accounts 201624,9 k €↓
2015
Annual accounts 201536,4 k €↓
2013
Annual accounts 201343 k €↓
2012
Annual accounts 201263,9 k €↑
2011
Annual accounts 2011-6,7 k €↓
2009
Annual accounts 20095,8 k €↑
2008
Annual accounts 2008-2 k €↑
2007
Annual accounts 2007-14,9 k €
05/12/1987
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RREC

Overview

What does RREC do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline