ACTIVE

ReCrewtment

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Financial year 2025 · closed on 31/12/2025

Net result

-127,3 k €

-118.5% YoY

Revenue

46,2 M €

+4.5% YoY

Equity

2,4 M €

-5.1% YoY

Workforce

709,2 ETP

-50.2% YoY

What does ReCrewtment do?

ReCrewtment is a Public limited company incorporated in 2015. Its main activity is: Temporary employment agency activities. Its registered office is in Antwerpen. It employs on average 709,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0633.875.006

Incorporation

15/07/2015

Legal form

Public limited company

Registered office

Terlindenhofstraat 36
2170 Antwerpen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

709,2 ETP

Activities (NACE)

78200Temporary employment agency activities· main 78200Temporary employment agency activities

Joint committees (3)

Signals

Low riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Revenue	46,2 M €	+4.5%	44,2 M €	+3.3%	42,8 M €	+0.3%	42,6 M €	+12.0%	38,1 M €	+46.6%	26 M €	+7.7%	24,1 M €	+5.1%	22,9 M €	+11.3%	20,6 M €	+76.4%	11,7 M €
EBITDA	768,4 k €	-44.8%	1,4 M €	+46.3%	950,9 k €	-50.1%	1,9 M €	+14.4%	1,7 M €	+99.4%	834,9 k €	-20.8%	1,1 M €	-11.1%	1,2 M €	+5.2%	1,1 M €	+365%	242,5 k €
Operating result	531,3 k €	-52.3%	1,1 M €	-3.0%	1,1 M €	-34.9%	1,8 M €	+15.0%	1,5 M €	+80.1%	850,4 k €	+12.4%	756,8 k €	+53.8%	492,2 k €	-41.0%	834,5 k €	+410%	163,5 k €
Net result	-127,3 k €	-119%	687,6 k €	-5.7%	729,2 k €	-38.7%	1,2 M €	+22.1%	974,5 k €	+68.0%	580,1 k €	+21.7%	476,7 k €	+82.5%	261,2 k €	-45.4%	478,2 k €	+585%	69,8 k €
Balance sheet
Equity	2,4 M €	-5.1%	2,5 M €	+13.0%	2,2 M €	+11.6%	2 M €	+28.6%	1,5 M €	+21.6%	1,3 M €	+6.7%	1,2 M €	+67.1%	710,1 k €	+16.5%	609,4 k €	+364%	131,3 k €
Total assets	9,2 M €	+4.3%	8,8 M €	-24.8%	11,7 M €	+24.5%	9,4 M €	+8.7%	8,7 M €	+28.0%	6,8 M €	+23.2%	5,5 M €	-4.1%	5,7 M €	+8.7%	5,3 M €	+37.4%	3,8 M €
Cash	843,7 k €	+19.3%	707,3 k €	+72.6%	409,8 k €	-51.6%	846,3 k €	-42.4%	1,5 M €	-35.4%	2,3 M €	+115%	1,1 M €	+196%	357,9 k €	+17.7%	304 k €	+284%	79,2 k €
Debts	6,8 M €	+8.0%	6,3 M €	-33.6%	9,4 M €	+33.3%	7,1 M €	+6.3%	6,6 M €	+24.9%	5,3 M €	+28.1%	4,2 M €	-15.2%	4,9 M €	+9.7%	4,5 M €	+26.8%	3,5 M €
Other
Workforce	709,2 ETP	-50.2%	1 424,4 ETP	+152%	566,1 ETP	-8.7%	620,2 ETP	-10.0%	688,8 ETP	+42.3%	484,0 ETP	+11.4%	434,6 ETP	-4.9%	456,8 ETP	+8.7%	420,2 ETP	+76.6%	237,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 23 ended

Active mandates

Christian Roulleau

Administrator - manager · since 04 juin 2021 · until 04 juin 2027

Active

Nicolas de Schutter

Administrator - manager · since 04 juin 2021 · until 04 juin 2027 · 0536.419.403

Represented by NICOLAS DE SCHUTTER

Active

Olivier Payen

Administrator - manager · since 04 juin 2021 · until 04 juin 2027

Active

PAELINCK PHILIP

Administrator - manager · since 04 juin 2021 · until 04 juin 2027 · 0536.664.772

Represented by Philip PAELINCK

Active

THORBASO

Managing director · since 04 juin 2021 · until 04 juin 2027 · 0635.570.526

Represented by Andreas Pfeffer

Active

Ended mandates

Christian Roulleau

bestuurder · since 04 juin 2021 · until 04 juin 2027

Ended

Nicolas de Schutter

bestuurder · since 04 juin 2021 · until 04 juin 2027 · 0536.419.403

Represented by Nicolas De Schutter

Ended

Nicolas de Schutter

Administrator - manager · since 04 juin 2021 · until 04 juin 2027 · 0536.419.403

Represented by Nicolas De Schutter

Ended

Olivier Payen

bestuurder · since 04 juin 2021 · until 04 juin 2027

Ended

At this address

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Belgium Antique Exporters● Active	0414.623.332
CLAVER● Active	0476.502.404
CLAVER IMMO● Active	0403.708.654
CODRIMEX● Active	0455.064.513
DUNAMIS FORWARDING & CONSULTING● Active	0633.504.030
Dunamis Property Investments● Active	0729.969.045
Eerstelijnszone Noord Antwerpen● Active	0737.809.417
EZ SOFTWARE● Active	0463.532.118
MAMMOET INDUSTRIES● Active	0434.519.220
The Future Alliance● Active	0450.710.302
TOUR A● Active	0690.768.573

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/07/2026	02/07/2025	08/07/2024	04/07/2023	08/07/2022	22/07/2021
General meeting	14/07/2026	30/06/2025	28/06/2024	30/06/2023	24/06/2022	04/06/2021
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

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Filings

Annual accounts filings

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	14/07/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	02/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	08/07/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	01/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	28/08/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	25/08/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 23 ended

Active mandates

Christian Roulleau

Administrator - manager · since 04 juin 2021 · until 04 juin 2027

Active

Nicolas de Schutter

Administrator - manager · since 04 juin 2021 · until 04 juin 2027 · 0536.419.403

Represented by NICOLAS DE SCHUTTER

Active

Olivier Payen

Administrator - manager · since 04 juin 2021 · until 04 juin 2027

Active

PAELINCK PHILIP

Administrator - manager · since 04 juin 2021 · until 04 juin 2027 · 0536.664.772

Represented by Philip PAELINCK

Active

THORBASO

Managing director · since 04 juin 2021 · until 04 juin 2027 · 0635.570.526

Represented by Andreas Pfeffer

Active

Ended mandates

Christian Roulleau

bestuurder · since 04 juin 2021 · until 04 juin 2027

Ended

Nicolas de Schutter

bestuurder · since 04 juin 2021 · until 04 juin 2027 · 0536.419.403

Represented by Nicolas De Schutter

Ended

Nicolas de Schutter

Administrator - manager · since 04 juin 2021 · until 04 juin 2027 · 0536.419.403

Represented by Nicolas De Schutter

Ended

Olivier Payen

bestuurder · since 04 juin 2021 · until 04 juin 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other30/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/09/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/05/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/10/2015
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 2025-127,3 k €↓
2024
Annual accounts 2024687,6 k €↓
2023
Annual accounts 2023729,2 k €↓
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021974,5 k €↑
2020
Annual accounts 2020580,1 k €↑
2019
Annual accounts 2019476,7 k €↑
2018
Annual accounts 2018261,2 k €↓
2017
Annual accounts 2017478,2 k €↑
2016
Annual accounts 201669,8 k €
15/07/2015
IncorporationPublic 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

ReCrewtment

Overview

What does ReCrewtment do?

Trend over 10 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