NORMAL SITUATION

RECO

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Financial year 2021 · closed on 30/09/2021

Net result

-15,8 k €

+88.2% YoY

Gross margin

-8,6 k €

-109.7% YoY

Equity

-303,5 k €

-10.6% YoY

Company — Normal situation.

What does RECO do?

RECO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.414.947

Legal form

Private company with limited liability

Contributed capital

9 800 000,00 €

Latest accounts

30/09/2021

Joint committees (3)

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007
Income statement
Gross margin	-8,6 k €	-110%	88,5 k €	-26.0%	119,7 k €	-71.6%	420,9 k €	-1.7%	428,4 k €	-31.4%	624,9 k €	-41.4%	1,1 M €	+282%	-586,6 k €	+5.1%	-618 k €	+46.1%	-1,1 M €	-741%	-136,2 k €	-182%	-48,3 k €	-112%	410,3 k €
EBITDA	-15,4 k €	+87.0%	-118,2 k €	-296%	60,2 k €	-55.9%	136,3 k €	+154%	-250,2 k €	-215%	-79,4 k €	-117%	463,1 k €	+144%	-1 M €	+47.6%	-2 M €	+13.4%	-2,3 M €	-24.4%	-1,9 M €	-352%	-411,2 k €	-855%	54,5 k €
Operating result	-15,4 k €	+88.2%	-130 k €	-371%	47,9 k €	-60.3%	120,6 k €	+145%	-269,5 k €	-4.2%	-258,6 k €	-239%	186,6 k €	+112%	-1,5 M €	+38.0%	-2,4 M €	+23.1%	-3,1 M €	-10.4%	-2,8 M €	-593%	-410,8 k €	-859%	54,1 k €
Net result	-15,8 k €	+88.2%	-133,3 k €	-343%	54,9 k €	-41.4%	93,6 k €	+130%	-312,6 k €	-142%	748,8 k €	+332%	173,4 k €	+111%	-1,6 M €	+36.5%	-2,5 M €	+23.4%	-3,2 M €	-9.8%	-2,9 M €	-523%	-472,5 k €	-7491%	6,4 k €
Balance sheet
Equity	-303,5 k €	-10.6%	-274,5 k €	-94.3%	-141,3 k €	+28.0%	-196,2 k €	+32.3%	-289,8 k €	-1368%	22,9 k €	+103%	-726 k €	+19.3%	-899,3 k €	+44.7%	-1,6 M €	-291%	852,2 k €	+137%	-2,3 M €	-1808%	133,9 k €	+436%	25 k €
Total assets	327,6 k €	-25.2%	438,1 k €	-46.4%	817,8 k €	-3.6%	848,2 k €	-54.9%	1,9 M €	-9.2%	2,1 M €	+12.8%	1,8 M €	-11.7%	2,1 M €	-32.5%	3,1 M €	-53.5%	6,6 M €	-18.1%	8,1 M €	+43.4%	5,6 M €	+79.3%	3,1 M €
Cash	9,2 k €	-72.0%	32,9 k €	+8.0%	30,4 k €	-74.9%	121,3 k €	+62.2%	74,8 k €	+191%	25,7 k €	+1.1%	25,4 k €	-71.7%	89,9 k €	-48.3%	173,9 k €	+453%	31,4 k €	-53.5%	67,6 k €	+72.0%	39,3 k €	-53.3%	84,2 k €
Debts	631,1 k €	-11.4%	712,6 k €	-25.7%	959,1 k €	-8.1%	1 M €	-50.6%	2,1 M €	+5.2%	2 M €	-20.6%	2,5 M €	-12.8%	2,9 M €	-37.7%	4,6 M €	-18.9%	5,7 M €	-44.8%	10,4 M €	+88.5%	5,5 M €	+76.4%	3,1 M €
Other
Workforce	–		1,0 ETP	0.0%	1,0 ETP	-84.1%	6,3 ETP	-54.0%	13,7 ETP	+18.1%	11,6 ETP	+1.8%	11,4 ETP	+32.6%	8,6 ETP	-34.8%	13,2 ETP	-17.0%	15,9 ETP	+17.8%	13,5 ETP	+105%	6,6 ETP	+61.0%	4,1 ETP

Governance

Board of directors

Seen on filing of 30/09/2021 · 1 active · 3 ended

Active mandates

Johan Meulebroeck

Director · since 15 septembre 2010

Active

Ended mandates

Johan Meulebroeck

Manager · since 15 septembre 2010

Ended

Bart Lambrecht

Manager · since 05 mai 2006 · until 01 janvier 2012

Ended

Bart Lambrecht

Manager · since 05 mai 2006

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2020	01/10/2019	01/10/2018	01/10/2017	01/10/2016	01/10/2015
Closing of the financial year	30/09/2021	30/09/2020	30/09/2019	30/09/2018	30/09/2017	30/09/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2022	29/04/2021	22/04/2020	30/04/2019	14/05/2018	27/04/2017
General meeting	20/07/2022	31/03/2021	31/03/2020	09/03/2019	10/03/2018	11/03/2017
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2021	20/07/2022	26/08/2022	Dutch	PDF
Abridged model	30/09/2020	31/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	31/03/2020	22/04/2020	Dutch	PDF
Abridged model	30/09/2018	09/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	10/03/2018	14/05/2018	Dutch	PDF
Abridged model	30/09/2016	11/03/2017	27/04/2017	Dutch	PDF
Abridged model	30/09/2015	12/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	14/03/2015	20/03/2015	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	31/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	30/04/2012	Dutch	PDF
Abridged model	30/09/2010	31/03/2011	31/05/2011	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/09/2008	Dutch	PDF

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 30/09/2021 · 1 active · 3 ended

Active mandates

Johan Meulebroeck

Director · since 15 septembre 2010

Active

Ended mandates

Johan Meulebroeck

Manager · since 15 septembre 2010

Ended

Bart Lambrecht

Manager · since 05 mai 2006 · until 01 janvier 2012

Ended

Bart Lambrecht

Manager · since 05 mai 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office23/11/2020
MAATSCHAPPELIJKE ZETEL
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

2021
Annual accounts 2021-15,8 k €↑
2019
Annual accounts 2019-133,3 k €↓
2018
Annual accounts 201854,9 k €↓
2017
Annual accounts 201793,6 k €↑
2016
Annual accounts 2016-312,6 k €↓
2015
Annual accounts 2015748,8 k €↑
2014
Annual accounts 2014173,4 k €↑
2013
Annual accounts 2013-1,6 M €↑
2012
Annual accounts 2012-2,5 M €↑
2011
Annual accounts 2011-3,2 M €↓
2010
Annual accounts 2010-2,9 M €↓
2008
Annual accounts 2008-472,5 k €↓
2007
Annual accounts 20076,4 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

RECO

Overview

What does RECO do?

Trend over 13 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