RECAD
0550.467.080 · rovalta.com · 23/09/2026
ACTIVE
RECAD
Financial year 2025 · closed on 31/12/2025
Net result
20 k €
-41.8% YoY
Gross margin
208,2 k €
+64.8% YoY
Equity
642,9 k €
+3.2% YoY
Workforce
2,0 ETP
+300.0% YoY
Overview
What does RECAD do?
RECAD is a Public limited company incorporated in 2014. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Drogenbos. It employs on average 2,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0550.467.080
Incorporation
21/03/2014
Legal form
Public limited company
Registered office
Rue Golden Hope 17 box B
1620 Drogenbos · FlandreSee on map
1620 Drogenbos · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Activities (NACE)
Joint committees (2)
- 1210
- 124
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 12 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||
| Gross margin | 208,2 k € | +64.8% | 126,4 k € | +103% | 62,3 k € | +51.0% | 41,2 k € | -36.9% | 65,3 k € | +78.2% | 36,7 k € | -88.1% | 306,8 k € | +11.6% | 274,8 k € | -35.7% | 427,1 k € | +649% | 57 k € | -82.8% | 330,7 k € | +609% | 46,6 k € |
| EBITDA | 73,5 k € | -16.2% | 87,8 k € | +43.4% | 61,2 k € | +52.1% | 40,3 k € | -37.4% | 64,3 k € | +80.2% | 35,7 k € | -78.1% | 163 k € | -40.3% | 272,9 k € | -36.0% | 426,3 k € | +657% | 56,3 k € | -80.5% | 288,5 k € | +525% | 46,2 k € |
| Operating result | 27,9 k € | -40.8% | 47,1 k € | +62.9% | 28,9 k € | +263% | 8 k € | -75.2% | 32 k € | +1104% | 2,7 k € | -98.0% | 129,9 k € | -42.8% | 227,1 k € | -37.5% | 363,1 k € | +11059% | 3,3 k € | -98.5% | 216 k € | +1553% | 13,1 k € |
| Net result | 20 k € | -41.8% | 34,5 k € | +59.7% | 21,6 k € | +268% | 5,9 k € | -75.0% | 23,4 k € | +1401% | 1,6 k € | -98.2% | 88,4 k € | -43.2% | 155,7 k € | -34.2% | 236,6 k € | +11620% | 2 k € | -98.6% | 143,3 k € | +1340% | 10 k € |
| Balance sheet | |||||||||||||||||||||||
| Equity | 642,9 k € | +3.2% | 622,9 k € | +5.9% | 588,4 k € | +3.8% | 566,9 k € | -34.2% | 861 k € | +2.8% | 837,6 k € | +0.2% | 836 k € | +11.8% | 747,6 k € | +26.3% | 591,9 k € | +66.6% | 355,3 k € | +0.6% | 353,3 k € | +68.3% | 210 k € |
| Total assets | 856,3 k € | +27.7% | 670,3 k € | +12.3% | 596,8 k € | +2.9% | 580,2 k € | -33.8% | 875,9 k € | -1.4% | 888,5 k € | -7.7% | 962,9 k € | -3.0% | 993,2 k € | +6.1% | 936,3 k € | +108% | 450,1 k € | -8.9% | 494,2 k € | +79.7% | 275 k € |
| Cash | 103,4 k € | +15.2% | 89,8 k € | -56.4% | 206,1 k € | +50.3% | 137,1 k € | -67.1% | 416,5 k € | +26.7% | 328,6 k € | +101% | 163,7 k € | -40.8% | 276,5 k € | +68.4% | 164,2 k € | +3063% | 5,2 k € | -58.4% | 12,5 k € | -89.8% | 121,9 k € |
| Debts | 213,4 k € | +350% | 47,4 k € | +468% | 8,4 k € | -37.5% | 13,4 k € | -10.5% | 14,9 k € | -70.7% | 50,9 k € | -59.7% | 126,2 k € | -48.6% | 245,5 k € | -28.7% | 344,4 k € | +263% | 94,8 k € | -32.7% | 140,9 k € | +117% | 65 k € |
| Other | |||||||||||||||||||||||
| Workforce | 2,0 ETP | +300% | 0,5 ETP | – | – | – | – | 3,3 ETP | – | – | – | – | – | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 15 ended
Active mandates
Active
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
FLEXISTOCK● Active | 1007.805.848 |
RECON INTERNATIONAL● Active | 0450.809.577 |
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 | 25/06/2026 | 08/07/2025 | 03/07/2024 | 20/04/2023 | 21/04/2022 | 24/06/2021 |
| General meeting | 03/06/2026 | 27/06/2025 | 28/06/2024 | 15/04/2023 | 15/04/2022 | 25/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
12 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 03/06/2026 | 25/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 27/06/2025 | 08/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 28/06/2024 | 03/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 15/04/2023 | 20/04/2023 | Dutch | |
| Abridged model | 31/12/2021 | 15/04/2022 | 21/04/2022 | Dutch | |
| Abridged model | 31/12/2020 | 25/05/2021 | 24/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 08/09/2020 | 05/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 14/06/2019 | 09/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 16/04/2018 | 31/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 15/08/2017 | 29/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 19/08/2016 | 30/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 29/06/2015 | 02/07/2015 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
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 · 2 active · 15 ended
Active mandates
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates03/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
- Mandates03/12/2021ONTSLAGEN - BENOEMINGEN
- Mandates21/10/2019ONTSLAGEN - BENOEMINGEN
- Other19/03/2018BENAMING
- Mandates08/09/2015ontslag en benoeming bestuurder - gedelegeerd bestuurder
- Mandates15/07/2015verplaatsing zetel - benoeming gedelegeerd bestuurder
- Mandates13/02/2015ontslag bestuurder - benoeming bestuurder
- Mandates22/01/2015ontslag bestuurder
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 202520 k €↓
- 2024Annual accounts 202434,5 k €↑
- 2023Annual accounts 202321,6 k €↑
- 2022Annual accounts 20225,9 k €↓
- 2021Annual accounts 202123,4 k €↑
- 2020Annual accounts 20201,6 k €↓
- 2019Annual accounts 201988,4 k €↓
- 2018Annual accounts 2018155,7 k €↓
- 2017Annual accounts 2017236,6 k €↑
- 2017Name changeRECAD
- 2016Annual accounts 20162 k €↓
- 2015Annual accounts 2015143,3 k €↑
- 2014Annual accounts 201410 k €
- 21/03/2014IncorporationPublic limited company
- 2014Name changeDryingsolutions