NORMAL SITUATION

RecuPal

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Financial year 2024 · closed on 31/12/2024

Net result

-195,6 k €

-259.1% YoY

Gross margin

976,3 k €

-44.5% YoY

Equity

1,2 M €

-13.6% YoY

Workforce

7,9 ETP

-31.3% YoY

Company — Normal situation.

What does RecuPal do?

RecuPal is a company registered in Belgium. It employs on average 7,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.930.230

Legal form

Public limited company

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

7,9 ETP

Joint committees (3)

12503
126
218

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	976,3 k €	-44.5%	1,8 M €	+7.3%	1,6 M €	+58.5%	1 M €	+38.4%	748,1 k €	-5.6%	792,8 k €	+16.8%	679 k €	+10.0%	617,2 k €	-22.4%	795,1 k €	+71.0%	465,1 k €	-10.5%	519,4 k €	+16.6%	445,6 k €	+2.9%	433,2 k €	-40.4%	726,7 k €	+19.3%	609 k €	+38.7%	439 k €	+20.2%	365,2 k €	+56.7%	233 k €	+125%	103,7 k €
EBITDA	-110,4 k €	-112%	933,9 k €	+5.4%	886 k €	+64.4%	538,9 k €	+42.7%	377,5 k €	+136%	160,1 k €	-42.3%	277,3 k €	-29.7%	394,4 k €	+21.3%	325,2 k €	+52.7%	212,9 k €	-22.9%	276 k €	+30.4%	211,7 k €	+14.3%	185,1 k €	-62.2%	489,8 k €	+19.4%	410,3 k €	+70.0%	241,3 k €	+22.1%	197,6 k €	+55.0%	127,5 k €	+162%	48,6 k €
Operating result	-175,5 k €	-121%	834,5 k €	+5.1%	793,9 k €	+68.9%	470,1 k €	+45.2%	323,8 k €	+358%	70,7 k €	-65.0%	202,2 k €	-41.8%	347,3 k €	+20.0%	289,5 k €	+75.5%	165 k €	-33.6%	248,5 k €	+40.1%	177,4 k €	+15.1%	154,1 k €	-63.9%	426,5 k €	+18.8%	359,1 k €	+75.2%	205 k €	+18.5%	173,1 k €	+45.5%	119 k €	+190%	41 k €
Net result	-195,6 k €	-259%	123 k €	-79.1%	587,4 k €	+70.7%	344,2 k €	+45.2%	237,1 k €	+549%	-52,8 k €	-137%	144 k €	-23.3%	187,8 k €	+35.4%	138,7 k €	+47.1%	94,2 k €	-40.2%	157,5 k €	+6.9%	147,4 k €	+109%	70,4 k €	-95.9%	1,7 M €	+674%	222,4 k €	-0.5%	223,6 k €	+102%	110,4 k €	+138%	46,4 k €	+92.9%	24,1 k €
Balance sheet
Equity	1,2 M €	-13.6%	1,4 M €	+9.3%	1,3 M €	+80.3%	731,1 k €	+50.2%	486,9 k €	+39.2%	349,8 k €	-13.1%	402,6 k €	+12.3%	358,6 k €	+32.4%	270,8 k €	-83.4%	1,6 M €	-10.2%	1,8 M €	-2.3%	1,9 M €	+0.4%	1,9 M €	-4.1%	1,9 M €	+811%	212,1 k €	-4.9%	223 k €	-4.2%	232,8 k €	+90.3%	122,3 k €	+61.2%	75,9 k €
Total assets	2,2 M €	-17.3%	2,7 M €	+25.7%	2,2 M €	-7.7%	2,3 M €	+75.2%	1,3 M €	+17.3%	1,1 M €	-16.4%	1,4 M €	+12.5%	1,2 M €	-19.6%	1,5 M €	-46.2%	2,8 M €	-12.3%	3,2 M €	+8.8%	2,9 M €	+5.8%	2,8 M €	+6.6%	2,6 M €	+196%	877,2 k €	-7.1%	944,5 k €	+47.6%	639,8 k €	+15.1%	555,8 k €	+21.3%	458,3 k €
Cash	465,1 k €	+59.1%	292,3 k €	+74.4%	167,6 k €	+257%	46,9 k €	-56.6%	108,1 k €	+7.2%	100,9 k €	-0.7%	101,5 k €	-29.8%	144,6 k €	-68.9%	464,6 k €	+48.4%	313,1 k €	-30.2%	448,5 k €	+224%	138,2 k €	+126%	61,3 k €	-33.7%	92,4 k €	+118%	42,4 k €	+593%	6,1 k €	-92.3%	79,7 k €	+278%	21,1 k €	+6277%	331 €
Debts	854,3 k €	+36.3%	626,7 k €	-25.0%	835,8 k €	-47.9%	1,6 M €	+89.7%	845 k €	+7.5%	785,7 k €	-17.8%	955,9 k €	+12.5%	849,4 k €	-22.2%	1,1 M €	-5.9%	1,2 M €	-15.2%	1,4 M €	+28.2%	1,1 M €	+16.9%	913,1 k €	+37.8%	662,8 k €	+0.1%	662,4 k €	-7.8%	718,8 k €	+77.8%	404,3 k €	-6.7%	433,5 k €	+13.4%	382,4 k €
Other
Workforce	7,9 ETP	-31.3%	11,5 ETP	-2.5%	11,8 ETP	+107%	5,7 ETP	+32.6%	4,3 ETP	-10.4%	4,8 ETP	-11.1%	5,4 ETP	-3.6%	5,6 ETP	+21.7%	4,6 ETP	+2.2%	4,5 ETP	+12.5%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-13.0%	4,6 ETP	+2.2%	4,5 ETP	+9.8%	4,1 ETP	-6.8%	4,4 ETP	+33.3%	3,3 ETP	+83.3%	1,8 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 21 ended

Active mandates

FORESCO GROUP

Director · since 22 août 2024 · until 28 février 2030 · 0738.732.204

Represented by Cedric De Quinnemar

Active

Jan Ponnet

Director · since 29 février 2024 · until 28 février 2030

Active

Ended mandates

PALLETS.BE

Director · since 01 août 2022 · 0450.845.112

Represented by Danny Soons

Ended

Arie Monhemius

Director · since 21 mai 2018 · until 15 mai 2024

Ended

Petrus Johannes Van De Wijngaart

Director · since 21 mai 2018 · until 15 mai 2024

Ended

Petrus Johannus Van De Wijngaart

Director · since 21 mai 2018 · until 15 mai 2024

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	11/07/2024	29/06/2023	07/06/2022	30/07/2021	03/08/2020
General meeting	29/08/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021	18/05/2020
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

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	17/05/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/05/2020	03/08/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	21/05/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	16/05/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/05/2015	09/06/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/05/2013	10/06/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	22/06/2007	Dutch	PDF
Abridged model	31/12/2005	15/05/2006	22/05/2006	Dutch	PDF
Abridged model	31/12/2004	16/05/2005	20/05/2005	Dutch	PDF
Abridged modelCorrection	31/12/2003	17/05/2004	22/06/2004	Dutch	PDF
Abridged model	31/12/2003	17/05/2004	25/05/2004	Dutch	PDF
Abridged model	31/12/2002	30/06/2003	25/07/2003	Dutch	PDF

View all 25 filings

Estimate

Indicative valuation

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 31/12/2024 · 2 active · 21 ended

Active mandates

FORESCO GROUP

Director · since 22 août 2024 · until 28 février 2030 · 0738.732.204

Represented by Cedric De Quinnemar

Active

Jan Ponnet

Director · since 29 février 2024 · until 28 février 2030

Active

Ended mandates

PALLETS.BE

Director · since 01 août 2022 · 0450.845.112

Represented by Danny Soons

Ended

Arie Monhemius

Director · since 21 mai 2018 · until 15 mai 2024

Ended

Petrus Johannes Van De Wijngaart

Director · since 21 mai 2018 · until 15 mai 2024

Ended

Petrus Johannus Van De Wijngaart

Director · since 21 mai 2018 · until 15 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution30/06/2025
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/03/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates30/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/10/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates27/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other04/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates17/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - 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

2024
Annual accounts 2024-195,6 k €↓
2023
Annual accounts 2023123 k €↓
2023
Name changeForesco Sort & Repair
2022
Annual accounts 2022587,4 k €↑
2022
Name changeRecuPal
2021
Annual accounts 2021344,2 k €↑
2021
Name changeMopal
2020
Annual accounts 2020237,1 k €↑
2019
Annual accounts 2019-52,8 k €↓
2018
Annual accounts 2018144 k €↓
2017
Annual accounts 2017187,8 k €↑
2016
Annual accounts 2016138,7 k €↑
2015
Annual accounts 201594,2 k €↓
2014
Annual accounts 2014157,5 k €↑
2013
Annual accounts 2013147,4 k €↑
2012
Annual accounts 201270,4 k €↓
2011
Annual accounts 20111,7 M €↑
2010
Annual accounts 2010222,4 k €↓
2009
Annual accounts 2009223,6 k €↑
2008
Annual accounts 2008110,4 k €↑
2007
Annual accounts 200746,4 k €↑
2006
Annual accounts 200624,1 k €

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

RecuPal

Overview

What does RecuPal do?

Trend over 19 financial years

Board of directors

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