{
 "as_of": "2026-11-11",
 "cmr": "be-cm-kg/XBRU/BE0003656676",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# RECTICEL (Euronext Brussels: BE0003656676) — research page\n\nAs of 2026-11-11 · be-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is RECTICEL, listed on Euronext Brussels under ticker BE0003656676, ISIN BE0003656676 and LEI 549300R8K43AXHYP5M15. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 26 filings in the twelve months to 2025-11-11 through 2026-11-11, across 16 filing days. The median gap between filing days is 21 days. The latest filing is dated 2026-10-29 and is of type Quarterly information, 13 days before the record date of 2026-11-11. Across the 115 issuers on Euronext Brussels, the median cadence gap is 19.0 days, the median filing count is 13 and the median latency is 21.5 days. The sector peer figures for this market are not on the record.\n\n## Auditor\n\nThe auditor and its location are not on the record. The record does not carry auditor changes for this register.\n\n## Events and halts\n\nThe record does not carry listing, delisting, name change, domicile change or segment move dates for this register. The halt flag shows the issuer as listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable, because the chapter's orderability section carries no client categories. The rule version is acm-68000/be/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 6 research houses: Berenberg, Degroof Petercam, ING, KBC Securities, Kepler Cheuvreux and Van Lanschot Kempen.\n\n## Open research\n\nNo openly published research notes were found for the issuer.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No sealed years hold the issuer, and the live record began on a date not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.be-cm-kg.ai/events/XBRU/BE0003656676 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current) (the halt flag)\n- https://be.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.recticel.com/investors/analyst-research.html (coverage)\n- https://mcp.be-cm-kg.ai/record/XBRU/BE0003656676 (the record)\n",
 "market": "BE",
 "node": "be-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the BE vintage is not sealed; the record is the live record as of 2026-11-11",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "BE",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "BE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "BE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "be-cm-kg/XBRU/BE0003656676",
  "coverage": {
   "count": 6,
   "houses": [
    {
     "analyst": "Christophe Greulich",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.recticel.com/investors/analyst-research.html",
     "state": "sourced"
    },
    {
     "house": "Degroof Petercam",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.recticel.com/investors/analyst-research.html",
     "state": "sourced"
    },
    {
     "analyst": "Maxime Stranart",
     "house": "ING",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.recticel.com/investors/analyst-research.html",
     "state": "sourced"
    },
    {
     "analyst": "Wim Hoste",
     "house": "KBC Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.recticel.com/investors/analyst-research.html",
     "state": "sourced"
    },
    {
     "analyst": "Alexander Craeymeersch",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.recticel.com/investors/analyst-research.html",
     "state": "sourced"
    },
    {
     "analyst": "Chase Coughlan",
     "house": "Van Lanschot Kempen",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.recticel.com/investors/analyst-research.html",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.recticel.com/investors/analyst-research.html",
     "result": "read: 6 of 12 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 115,
     "median_cadence_gap_days": 19,
     "median_filings": 13,
     "median_latency_days": 21.5,
     "name": "Euronext Brussels"
    },
    "sector": {
     "market": "BE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "Announcement of change in denominator or in thresholds": 7,
    "Announcement of notification of major shareholding": 2,
    "Annual announcement": 1,
    "Annual financial report": 1,
    "Half-yearly financial report": 1,
    "Inside information": 10,
    "Minutes of extraordinary general meeting": 1,
    "Minutes of ordinary general meeting": 1,
    "Quarterly information": 2
   },
   "cadence_median_gap_days": 21,
   "filing_days": 16,
   "filings": 26,
   "latency_days": 13,
   "latest": [
    {
     "category": "Quarterly information",
     "date": "2026-10-29",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=fd446ab3-2ac1-46fb-9391-9aeaaae2fe29",
     "title": "20261029_Q3_2026_Trading_Update_(final).pdf",
     "type": "Quarterly information"
    },
    {
     "category": "Inside information",
     "date": "2026-10-29",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=9843ae5a-12dc-40cf-9290-c6d166a68514",
     "title": "20261029_Q3_2026_Trading_Update_(final).pdf",
     "type": "Inside information"
    },
    {
     "category": "Announcement of change in denominator or in thresholds",
     "date": "2026-09-30",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=c21592bf-9ab9-4e95-bff0-c6a99517a25e",
     "title": "20260930_Capital_increase_(final).pdf",
     "type": "Announcement of change in denominator or in thresholds"
    },
    {
     "category": "Announcement of notification of major shareholding",
     "date": "2026-09-11",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=ddf0af17-701e-48a5-bffb-5daba6c75ae7",
     "title": "20260911_Notification_Baltisse_(final).pdf",
     "type": "Announcement of notification of major shareholding"
    },
    {
     "category": "Inside information",
     "date": "2026-09-11",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=5a481c85-bd54-4bf0-bff4-8c5e6013ddab",
     "title": "20260911_Notification_Baltisse_(final).pdf",
     "type": "Inside information"
    }
   ],
   "latest_filing_date": "2026-10-29",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.be-cm-kg.ai/events/XBRU/BE0003656676",
   "window": {
    "from": "2025-11-11",
    "to": "2026-11-11"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Euronext Brussels"
   },
   "isin": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BE0003656676"
   },
   "jurisdiction": {
    "market": "BE",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-12",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN BE0003656676)",
    "state": "sourced",
    "value": "549300R8K43AXHYP5M15"
   },
   "name": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "RECTICEL"
   },
   "sector": {
    "market": "BE",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "BE",
    "state": "not_on_record"
   },
   "segment": {
    "market": "BE",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BE0003656676"
   },
   "website": {
    "market": "BE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "BE",
  "node": "be-cm-kg",
  "numbers_hash": "sha256:2cb30665e62736c351e511ec5f6d7720eb686b790fd66f824e4e37715a7d3f2d",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://be.eu-cm-kg.ai/book/aio.json",
    "door": "https://be.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/be/mifid-ii-product-governance/r1",
   "section": "be.aio.v6"
  },
  "record": {
   "as_of": "2026-11-11",
   "url": "https://mcp.be-cm-kg.ai/record/XBRU/BE0003656676",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-12",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:2cb30665e62736c351e511ec5f6d7720eb686b790fd66f824e4e37715a7d3f2d",
 "path": "/be/XBRU/BE0003656676",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is RECTICEL, listed on Euronext Brussels under ticker BE0003656676, ISIN BE0003656676 and LEI 549300R8K43AXHYP5M15. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 26 filings in the twelve months to 2025-11-11 through 2026-11-11, across 16 filing days. The median gap between filing days is 21 days. The latest filing is dated 2026-10-29 and is of type Quarterly information, 13 days before the record date of 2026-11-11. Across the 115 issuers on Euronext Brussels, the median cadence gap is 19.0 days, the median filing count is 13 and the median latency is 21.5 days. The sector peer figures for this market are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor and its location are not on the record. The record does not carry auditor changes for this register.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record does not carry listing, delisting, name change, domicile change or segment move dates for this register. The halt flag shows the issuer as listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable, because the chapter's orderability section carries no client categories. The rule version is acm-68000/be/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 6 research houses: Berenberg, Degroof Petercam, ING, KBC Securities, Kepler Cheuvreux and Van Lanschot Kempen.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found for the issuer.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No sealed years hold the issuer, and the live record began on a date not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.be-cm-kg.ai/events/XBRU/BE0003656676"
  },
  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)"
  },
  {
   "for": "the orderability chapter",
   "source": "https://be.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.recticel.com/investors/analyst-research.html"
  },
  {
   "for": "the record",
   "source": "https://mcp.be-cm-kg.ai/record/XBRU/BE0003656676"
  }
 ],
 "title": "RECTICEL (BE0003656676) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}