NORMAL SITUATION

RECING Finance

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Company — Normal situation.

Financial year 2023 · Closed on 31/12/2023

Net result210,4 k €+1 557,6 %over 1 year
Gross margin320,9 k €+16,5 %over 1 year
Equity72 k €+152,1 %over 1 year
Workforce1,2 ETP-57,1 %over 1 year

Identity

Source · BCE/KBO

RECING Finance is a company registered in Belgium. It employs on average 1,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0691.547.840
Legal form
Private company with limited liability
Contributed capital
30 000,00 €
Latest accounts
31/12/2023
Average workforce
1,2 ETP
Joint committees (1)
  • 341
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 6 filings

Trend over 4 financial years

2023202220212018
Income statement
Gross margin320,9 k €275,4 k €261,6 k €164 k €
EBITDA243,8 k €88 k €61,9 k €10 k €
Operating result243,8 k €-1,6 k €-27,6 k €-32,4 k €
Net result210,4 k €-14,4 k €-40,9 k €-40,3 k €
Balance sheet
Equity72 k €-138,3 k €-123,9 k €-10,3 k €
Total assets93,2 k €650,5 k €692,6 k €1 M €
Cash32,3 k €5,5 k €21,5 k €23,4 k €
Debts19,4 k €784,6 k €815 k €1 M €
Other
Workforce1,2 ETP2,8 ETP3,2 ETP–

Board of directors

Source · NBB, accounts to 31/12/2023

2 active · 2 ended

Active mandates

BREMMA

Director · since 27 février 2018 · 0842.835.176

Represented by Jan Schuddinck

Active
GDC Financieel Management

Director · since 27 février 2018 · 0690.583.085

Represented by Gunter De Corte

Active

Ended mandates

BREMMA

Manager · 0842.835.176

Ended
GDC Financieel Management

Manager · 0690.583.085

Ended

Full financial information

Source · NBB
202320222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201927/02/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months11 months
Filing date23/05/202406/06/202325/07/202205/07/202130/07/202030/12/2019
General meeting17/05/202419/05/202330/06/202230/06/202130/06/202006/12/2019
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, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202317/05/202423/05/2024DutchPDF
Abridged model31/12/202219/05/202306/06/2023DutchPDF
Abridged model31/12/202130/06/202225/07/2022DutchPDF
Micro model31/12/202030/06/202105/07/2021DutchPDF
Micro model31/12/201930/06/202030/07/2020DutchPDF
Micro model31/12/201806/12/201930/12/2019DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2023

2 active · 2 ended

Active mandates

BREMMA

Director · since 27 février 2018 · 0842.835.176

Represented by Jan Schuddinck

Active
GDC Financieel Management

Director · since 27 février 2018 · 0690.583.085

Represented by Gunter De Corte

Active

Ended mandates

BREMMA

Manager · 0842.835.176

Ended
GDC Financieel Management

Manager · 0690.583.085

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution28/06/2024
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Registered office17/01/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other01/03/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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

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Timeline

  1. 2023
    Annual accounts 2023210,4 k €↑
  2. 2022
    Annual accounts 2022-14,4 k €↑
  3. 2021
    Annual accounts 2021-40,9 k €↓
  4. 2018
    Annual accounts 2018-40,3 k €