ACTIVE

RECIF INVESTMENTS

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Financial year 2025 · Closed on 31/12/2025

Net result-30,8 k €+7,4 %over 1 year
Gross margin-34,5 k €-8,6 %over 1 year
Equity4,5 M €+35,8 %over 1 year

Identity

Source · BCE/KBO

RECIF INVESTMENTS is a Public limited company incorporated in 1998. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0462.333.474
Incorporation
02/01/1998
Legal form
Public limited company
Registered office
Avenue Louise 143 box 4
1050 Bruxelles · BruxellesSee on map
Contributed capital
5 101 872,74 €
Latest accounts
31/12/2025
Signals
Solid equity

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin-34,5 k €-31,7 k €-20,3 k €-21,6 k €-19,4 k €
EBITDA-35,5 k €-32,7 k €-21,2 k €-22,5 k €-20,3 k €
Operating result-35,5 k €-32,7 k €-21,2 k €-22,5 k €-20,3 k €
Net result-30,8 k €-33,2 k €-21,9 k €-22,4 k €-19,7 k €
Balance sheet
Equity4,5 M €3,3 M €3,4 M €3,4 M €3,4 M €
Total assets4,6 M €3,4 M €3,4 M €3,4 M €3,4 M €
Cash8,4 k €8,6 k €2,8 k €6,3 k €4,2 k €
Debts23,4 k €24,4 k €22,7 k €18,1 k €12,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Guillermo SCHULTZ

Director · since 28 mai 2021 · until 28 mai 2027

Active
Robert MUFFLY

Director · since 28 mai 2021 · until 28 mai 2027

Active

Ended mandates

Guillermo SCHULTZ

Director · since 19 juin 2015 · until 28 mai 2021

Ended
Muffly Robert

Director · since 19 juin 2015 · until 28 mai 2021

Ended
Muffly Robert

Director · since 24 juillet 2009 · until 29 mai 2015

Ended
Muffly Robert

Director · since 24 juillet 2009 · until 19 juin 2015

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202626/06/202515/07/202405/07/202307/07/202205/07/2021
General meeting19/06/202624/06/202513/06/202415/06/202308/06/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202606/07/2026FrenchPDF
Abridged model31/12/202424/06/202526/06/2025FrenchPDF
Abridged model31/12/202313/06/202415/07/2024FrenchPDF
Abridged model31/12/202215/06/202305/07/2023FrenchPDF
Abridged model31/12/202108/06/202207/07/2022FrenchPDF
Abridged model31/12/202028/05/202105/07/2021FrenchPDF
Abridged model31/12/201926/06/202013/07/2020FrenchPDF
Abridged model31/12/201821/06/201909/07/2019FrenchPDF
Abridged model31/12/201711/06/201827/06/2018FrenchPDF
Abridged model31/12/201606/06/201716/06/2017FrenchPDF
Abridged model31/12/201525/05/201628/06/2016FrenchPDF
Abridged model31/12/201419/06/201530/07/2015FrenchPDF
Abridged model31/12/201327/06/201418/07/2014FrenchPDF
Abridged model31/12/201215/07/201330/08/2013FrenchPDF
Abridged model31/12/201126/06/201230/07/2012FrenchPDF
Abridged model31/12/201011/07/201129/07/2011FrenchPDF
Abridged model31/12/200920/07/201026/07/2010FrenchPDF
Abridged model31/12/200824/07/200928/07/2009FrenchPDF
Abridged model31/12/200723/07/200813/08/2008FrenchPDF
Abridged model31/12/200616/08/200730/08/2007FrenchPDF

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.

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Guillermo SCHULTZ

Director · since 28 mai 2021 · until 28 mai 2027

Active
Robert MUFFLY

Director · since 28 mai 2021 · until 28 mai 2027

Active

Ended mandates

Guillermo SCHULTZ

Director · since 19 juin 2015 · until 28 mai 2021

Ended
Muffly Robert

Director · since 19 juin 2015 · until 28 mai 2021

Ended
Muffly Robert

Director · since 24 juillet 2009 · until 29 mai 2015

Ended
Muffly Robert

Director · since 24 juillet 2009 · until 19 juin 2015

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/05/2025
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/06/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Other29/05/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office30/01/2020
    SIEGE SOCIAL
    PDF
  • Mandates22/07/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares26/07/2013
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares07/06/2012
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates16/11/2010
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-30,8 k €↑
  2. 2024
    Annual accounts 2024-33,2 k €↓
  3. 2023
    Annual accounts 2023-21,9 k €↑
  4. 2022
    Annual accounts 2022-22,4 k €↓
  5. 2021
    Annual accounts 2021-19,7 k €↓
  6. 2018
    Annual accounts 2018-17,6 k €↑
  7. 2017
    Annual accounts 2017-18,5 k €↑
  8. 2016
    Annual accounts 2016-20,4 k €↓
  9. 2015
    Annual accounts 2015-15,4 k €↑
  10. 2014
    Annual accounts 2014-19 k €↑
  11. 2013
    Annual accounts 2013-25,5 k €↓
  12. 2012
    Annual accounts 2012-16,6 k €↑
  13. 2011
    Annual accounts 2011-21,9 k €↑
  14. 2010
    Annual accounts 2010-29,4 k €↑
  15. 2009
    Annual accounts 2009-33,8 k €↓
  16. 2008
    Annual accounts 2008-18,5 k €↑
  17. 2007
    Annual accounts 2007-20,4 k €↓
  18. 2006
    Annual accounts 2006-16,9 k €
  19. 02/01/1998
    IncorporationPublic limited company