RECON
0437.837.412 · rovalta.com · 23/09/2026
ACTIVE
RECON
Financial year 2025 · closed on 31/12/2025
Net result
200 k €
-4.8% YoY
Gross margin
1,3 M €
-0.7% YoY
Equity
1,8 M €
+2.9% YoY
Workforce
10,6 ETP
-2.8% YoY
Overview
What does RECON do?
RECON is a Public limited company incorporated in 1989. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Oostende. It employs on average 10,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.837.412
Incorporation
21/06/1989
Legal form
Public limited company
Registered office
Ankerstraat 14-16
8400 Oostende · FlandreSee on map
8400 Oostende · FlandreSee on map
Contributed capital
599 763,97 €
Latest accounts
31/12/2025
Average workforce
10,6 ETP
Activities (NACE)
45111Sale of cars and light motor vehicles· main45113Sale of cars and light motor vehicles46711Wholesale of solid, liquid and gaseous fuels and related products47811Retail sale via stalls and markets of food, beverages and tobacco products50101Sea and coastal passenger water transport50200Sea and coastal freight water transport+7
Joint committees (6)
- 112
- 11200
- 200
- 20000
- 200000
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 1,3 M € | -0.7% | 1,3 M € | -14.4% | 1,5 M € | +18.9% | 1,3 M € | +21.0% | 1,1 M € | -17.1% | 1,3 M € | +16.5% | 1,1 M € | +8.5% | 1 M € | – | – | – | – | – | – | – | – | – | |||||||||
| EBITDA | 415,7 k € | +0.7% | 412,7 k € | -32.3% | 609,4 k € | +26.9% | 480,3 k € | +73.2% | 277,3 k € | -49.7% | 551,5 k € | +48.8% | 370,8 k € | +30.1% | 285 k € | -4.5% | 298,4 k € | +55.6% | 191,8 k € | -26.2% | 260,1 k € | +1.4% | 256,5 k € | -22.2% | 329,5 k € | -0.1% | 329,7 k € | +46.3% | 225,4 k € | +4.0% | 216,8 k € | +17.1% | 185,1 k € |
| Operating result | 336,5 k € | -4.1% | 350,7 k € | -33.2% | 525,4 k € | +43.6% | 366 k € | +62.7% | 225 k € | -55.2% | 502,4 k € | +66.1% | 302,5 k € | +49.1% | 202,9 k € | -5.9% | 215,5 k € | +87.6% | 114,9 k € | -27.2% | 157,7 k € | -7.0% | 169,6 k € | -28.5% | 237,3 k € | -4.4% | 248,3 k € | +60.2% | 155 k € | -12.7% | 177,6 k € | +15.4% | 153,9 k € |
| Net result | 200 k € | -4.8% | 210 k € | -42.9% | 367,9 k € | +39.4% | 263,8 k € | +60.3% | 164,6 k € | -49.3% | 324,7 k € | +99.2% | 163 k € | +54.5% | 105,5 k € | +2.0% | 103,4 k € | +230% | 31,4 k € | -59.7% | 77,7 k € | +6.8% | 72,8 k € | -43.0% | 127,7 k € | -29.4% | 180,9 k € | +49.6% | 120,9 k € | +20.4% | 100,4 k € | -77.4% | 444,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 1,8 M € | +2.9% | 1,7 M € | +3.6% | 1,7 M € | +6.0% | 1,6 M € | +6.0% | 1,5 M € | +19.8% | 1,2 M € | +17.6% | 1 M € | +8.5% | 962,5 k € | +6.0% | 908,1 k € | +6.1% | 855,9 k € | +0.0% | 855,5 k € | -7.8% | 928,3 k € | -1.8% | 945,8 k € | +4.1% | 908,3 k € | +11.1% | 817,8 k € | +6.7% | 766,1 k € | +4.0% | 736,4 k € |
| Total assets | 3 M € | +9.0% | 2,8 M € | -29.9% | 3,9 M € | +51.1% | 2,6 M € | +11.8% | 2,3 M € | -2.7% | 2,4 M € | -15.4% | 2,8 M € | +28.5% | 2,2 M € | +2.0% | 2,2 M € | +16.1% | 1,9 M € | -1.2% | 1,9 M € | +13.6% | 1,7 M € | -30.4% | 2,4 M € | +28.1% | 1,9 M € | +7.9% | 1,7 M € | -5.6% | 1,8 M € | +4.3% | 1,7 M € |
| Cash | 1,3 M € | +43.0% | 930,6 k € | +85.6% | 501,5 k € | -52.5% | 1,1 M € | +36.0% | 775,7 k € | +34.6% | 576,2 k € | +578% | 84,9 k € | -75.9% | 353,2 k € | +309% | 86,4 k € | +237% | 25,6 k € | -23.4% | 33,4 k € | -86.0% | 238,2 k € | -57.9% | 565,3 k € | +322% | 134 k € | -8.2% | 146 k € | +1.6% | 143,6 k € | -74.5% | 563,6 k € |
| Debts | 1,1 M € | +18.3% | 963,5 k € | -54.7% | 2,1 M € | +128% | 933,9 k € | +18.4% | 788,8 k € | -28.6% | 1,1 M € | -36.2% | 1,7 M € | +46.3% | 1,2 M € | -2.3% | 1,2 M € | +27.1% | 951,8 k € | -2.9% | 979,8 k € | +45.7% | 672,4 k € | -51.3% | 1,4 M € | +67.7% | 823,1 k € | +5.9% | 777,3 k € | -16.0% | 925,5 k € | +4.8% | 883 k € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 10,6 ETP | -2.8% | 10,9 ETP | -6.0% | 11,6 ETP | -0.9% | 11,7 ETP | 0.0% | 11,7 ETP | +9.3% | 10,7 ETP | +0.9% | 10,6 ETP | +2.9% | 10,3 ETP | -4.6% | 10,8 ETP | -5.3% | 11,4 ETP | -9.5% | 12,6 ETP | +9.6% | 11,5 ETP | 0.0% | 11,5 ETP | 0.0% | 11,5 ETP | -3.4% | 11,9 ETP | -0.8% | 12,0 ETP | -1.6% | 12,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 14 ended
Active mandates
Ended mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 28/07/2026 | 09/07/2025 | 25/06/2024 | 07/07/2023 | 25/07/2022 | 02/07/2021 |
| General meeting | 24/07/2026 | 26/06/2025 | 22/06/2024 | 17/06/2023 | 27/06/2022 | 21/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 24/07/2026 | 28/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 26/06/2025 | 09/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 22/06/2024 | 25/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 17/06/2023 | 07/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 27/06/2022 | 25/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 21/06/2021 | 02/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 20/06/2020 | 09/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 22/06/2019 | 09/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 20/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 24/06/2017 | 29/06/2017 | Dutch | |
| Full model | 31/12/2015 | 25/06/2016 | 27/06/2016 | Dutch | |
| Full model | 31/12/2014 | 24/06/2015 | 09/07/2015 | Dutch | |
| Full model | 31/12/2013 | 02/06/2014 | 24/06/2014 | Dutch | |
| Full model | 31/12/2012 | 22/06/2013 | 16/07/2013 | Dutch | |
| Full model | 31/12/2011 | 23/06/2012 | 06/07/2012 | Dutch | |
| Full model | 31/12/2010 | 30/06/2011 | 18/07/2011 | Dutch | |
| Full model | 31/12/2009 | 30/06/2010 | 16/07/2010 | Dutch | |
| Full model | 31/12/2008 | 29/06/2009 | 14/07/2009 | Dutch | |
| Full model | 31/12/2007 | 27/06/2008 | 25/07/2008 | Dutch | |
| Full model | 31/12/2006 | 29/06/2007 | 26/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 14 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates10/10/2025ONTSLAGEN - BENOEMINGEN
- Mandates19/09/2025DOEL - ONTSLAGEN - BENOEMINGEN
- Other03/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates26/07/2019ONTSLAGEN - BENOEMINGEN
- Mandates06/08/2013ONTSLAGEN - BENOEMINGEN
- Mandates28/07/2009ONTSLAGEN - BENOEMINGEN
- Mandates30/10/2007ONTSLAGEN - BENOEMINGEN
- Mandates22/08/2007ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025200 k €↓
- 2024Annual accounts 2024210 k €↓
- 2023Annual accounts 2023367,9 k €↑
- 2022Annual accounts 2022263,8 k €↑
- 2021Annual accounts 2021164,6 k €↓
- 2018Annual accounts 2018324,7 k €↑
- 2017Annual accounts 2017163 k €↑
- 2016Annual accounts 2016105,5 k €↑
- 2015Annual accounts 2015103,4 k €↑
- 2014Annual accounts 201431,4 k €↓
- 2013Annual accounts 201377,7 k €↑
- 2012Annual accounts 201272,8 k €↓
- 2011Annual accounts 2011127,7 k €↓
- 2010Annual accounts 2010180,9 k €↑
- 2009Annual accounts 2009120,9 k €↑
- 2008Annual accounts 2008100,4 k €↓
- 2007Annual accounts 2007444,9 k €
- 21/06/1989IncorporationPublic limited company