ACTIVE

RECOVA

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Financial year 2025 · closed on 31/12/2025

Net result

-60,9 k €

-128.3% YoY

Gross margin

-5,4 k €

-108.2% YoY

Equity

293,9 k €

-25.6% YoY

What does RECOVA do?

RECOVA is a Private limited company incorporated in 1996. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.098.435

Incorporation

28/05/1996

Legal form

Private limited company

Registered office

Vaartkom 35 box 603
3000 Leuven · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-5,4 k €	-108%	65,4 k €	-11.9%	74,2 k €	+23.1%	60,3 k €	+15.2%	52,3 k €	+6.4%	49,2 k €	+1005%	-5,4 k €	-107%	72,5 k €	-31.5%	105,8 k €	-24.7%	140,6 k €	+95.8%	71,8 k €	-11.9%	81,5 k €	-39.5%	134,7 k €	-3.4%	139,5 k €	+6.7%	130,7 k €	+49.8%	87,3 k €	-34.5%	133,2 k €	-21.0%	168,5 k €	+38.8%	121,4 k €	-9.1%	133,5 k €
EBITDA	-8,8 k €	-114%	62,4 k €	-11.5%	70,5 k €	+26.7%	55,7 k €	+13.5%	49,1 k €	+11.7%	43,9 k €	+360%	-16,9 k €	-126%	65,2 k €	-35.4%	100,8 k €	-25.6%	135,5 k €	+103%	66,7 k €	-12.7%	76,5 k €	-40.9%	129,5 k €	+1.4%	127,7 k €	+8.4%	117,8 k €	+49.8%	78,6 k €	-31.8%	115,3 k €	-24.6%	152,9 k €	+42.8%	107,1 k €	-14.5%	125,2 k €
Operating result	-52,9 k €	-346%	21,4 k €	-27.9%	29,7 k €	+52.6%	19,5 k €	+170%	7,2 k €	-14.7%	8,5 k €	+116%	-52,4 k €	-298%	26,5 k €	-56.4%	60,8 k €	-38.4%	98,7 k €	+438%	18,3 k €	-30.2%	26,3 k €	-65.5%	76,2 k €	+1.5%	75,1 k €	+42.9%	52,5 k €	+171%	19,4 k €	-27.2%	26,6 k €	-59.1%	65,2 k €	+139%	27,3 k €	-40.3%	45,7 k €
Net result	-60,9 k €	-128%	215,1 k €	+271%	57,9 k €	+841%	6,2 k €	+624%	850,6 €	-80.7%	4,4 k €	+108%	-54,7 k €	-8378%	-645,0 €	-104%	17,9 k €	-77.0%	77,7 k €	+4145%	1,8 k €	-88.5%	15,9 k €	-39.1%	26,1 k €	-44.3%	47,0 k €	+58.3%	29,7 k €	+154%	-54,8 k €	-61.1%	-34,0 k €	-241%	24,0 k €	+430%	-7,3 k €	+60.1%	-18,2 k €
Balance sheet
Equity	293,9 k €	-25.6%	394,8 k €	+120%	179,7 k €	+47.6%	121,8 k €	+5.3%	115,6 k €	+0.7%	114,8 k €	+4.0%	110,4 k €	-33.1%	165,0 k €	-0.4%	165,7 k €	-44.4%	297,8 k €	+35.3%	220,2 k €	+0.8%	218,3 k €	+7.9%	202,4 k €	+14.8%	176,3 k €	+36.3%	129,3 k €	+29.8%	99,6 k €	-35.5%	154,4 k €	+42.4%	108,4 k €	+28.5%	84,4 k €	-7.9%	91,6 k €
Total assets	628,0 k €	-13.2%	723,6 k €	-17.8%	880,4 k €	-15.1%	1,0 M €	-23.7%	1,4 M €	-4.1%	1,4 M €	+74.0%	814,2 k €	+222%	252,9 k €	-14.0%	294,2 k €	-9.0%	323,3 k €	+5.0%	308,0 k €	-10.4%	343,7 k €	-14.2%	400,5 k €	-17.9%	487,9 k €	-13.4%	563,6 k €	+20.3%	468,6 k €	-48.4%	907,3 k €	-12.0%	1,0 M €	+23.2%	837,0 k €	-0.5%	840,8 k €
Cash	12,0 k €	-86.5%	88,9 k €	+377%	18,6 k €	+63.1%	11,4 k €	-55.7%	25,8 k €	+1790%	1,4 k €	-91.5%	16,0 k €	-41.5%	27,4 k €	+56.6%	17,5 k €	+1088%	1,5 k €	-93.3%	22,0 k €	-35.5%	34,1 k €	-20.0%	42,6 k €	-50.5%	86,1 k €	+9.6%	78,5 k €	+2612%	2,9 k €	-59.5%	7,1 k €	+1166%	564,2 €	-99.4%	94,3 k €	+83989%	112,2 €
Debts	327,5 k €	+0.1%	327,3 k €	-53.3%	700,7 k €	-23.4%	914,8 k €	-26.4%	1,2 M €	-4.5%	1,3 M €	+85.0%	703,3 k €	+701%	87,8 k €	-31.6%	128,5 k €	+404%	25,5 k €	-71.0%	87,8 k €	-29.9%	125,4 k €	-36.7%	198,1 k €	-36.4%	311,6 k €	-28.3%	434,3 k €	+17.7%	368,9 k €	-51.0%	752,9 k €	-15.9%	895,1 k €	+18.9%	752,7 k €	+0.5%	749,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP		–		0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

GEERT WELLENS

Director

Active

Ended mandates

GEERT WELLENS

Managing director

Ended

GEERT WELLENS

Manager

Ended

HERMAN VAN HOVE

Director

Ended

ILSE WOUTERS

Director

Ended

At this address

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TINY CASTLES● Active	1016.917.811

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	08/07/2026	16/05/2025	08/05/2024	12/06/2023	12/05/2022	31/08/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/05/2026	08/07/2026	Dutch	PDF
Micro model	31/12/2024	06/05/2025	16/05/2025	Dutch	PDF
Micro model	31/12/2023	07/05/2024	08/05/2024	Dutch	PDF
Micro model	31/12/2022	02/05/2023	12/06/2023	Dutch	PDF
Micro model	31/12/2021	03/05/2022	12/05/2022	Dutch	PDF
Micro model	31/12/2020	04/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	05/05/2020	12/05/2020	Dutch	PDF
Micro model	31/12/2018	07/05/2019	07/05/2019	Dutch	PDF
Micro model	31/12/2017	02/05/2018	02/05/2018	Dutch	PDF
Micro model	31/12/2016	02/05/2017	31/05/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/05/2015	05/05/2015	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	26/05/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	19/05/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	15/05/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 1 active · 5 ended

Active mandates

GEERT WELLENS

Director

Active

Ended mandates

GEERT WELLENS

Managing director

Ended

GEERT WELLENS

Manager

Ended

HERMAN VAN HOVE

Director

Ended

ILSE WOUTERS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office18/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares30/10/2025
KAPITAAL - AANDELEN
PDF
Mandates13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/11/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Mandates24/11/2017
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates29/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/05/2012
KAPITAAL - AANDELEN
PDF
Mandates16/11/2011
ONTSLAGEN - BENOEMINGEN
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 2025-60,9 k €↓
2024
Annual accounts 2024215,1 k €↑
2023
Annual accounts 202357,9 k €↑
2022
Annual accounts 20226,2 k €↑
2021
Annual accounts 2021850,6 €↓
2020
Annual accounts 20204,4 k €↑
2019
Annual accounts 2019-54,7 k €↓
2018
Annual accounts 2018-645,0 €↓
2017
Annual accounts 201717,9 k €↓
2016
Annual accounts 201677,7 k €↑
2015
Annual accounts 20151,8 k €↓
2014
Annual accounts 201415,9 k €↓
2013
Annual accounts 201326,1 k €↓
2012
Annual accounts 201247,0 k €↑
2011
Annual accounts 201129,7 k €↑
2010
Annual accounts 2010-54,8 k €↓
2009
Annual accounts 2009-34,0 k €↓
2008
Annual accounts 200824,0 k €↑
2007
Annual accounts 2007-7,3 k €↑
2006
Annual accounts 2006-18,2 k €
28/05/1996
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

RECOVA

Overview

What does RECOVA do?

Trend over 20 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