Equity
€26,817 from €55,030 in 2019
Equity fell by 51% in 6 years.
Rack
Lifetime
13 annual accounts with figures on one time axispeak €52,843 (2012)
€6,176▲ 139%
lowest -€10,318 (2020)
€213▲ 21.0%
peak €55,030 (2019)
€26,817▲ 0.8%
€31,161▲ 52.1%
peak 1 FTE (2011)
-not published
Board4 names since 2012
1 directorRik VYNCKE
Documentsfilings and deeds
29-01-20262 days before the deadline
2025micro format
Gross margin from €2,584 to €6,176Debts from €20,482 to €31,161Cash from €1,196 to €749
Key points
from the 2025 annual accountsChecked score
80
Excellent
Financially stronger than 30% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.7%▲ +0.2 percentage points vs 12-2024highest value
02-2025: 0.5%▼ -0.2 percentage points vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.4%▼ -0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025lowest value
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.4%▼ -0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.6%▲ +0.2 percentage points vs 12-2025
02-2026: 0.5%▼ -0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.91, cash €749
Size: total assets €57,978
lowers risk
Founded in 2010
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 50% of them on solvency, 15% on liquidity, 18% on profitability and 37% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as Rack has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Rack itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for Rack. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.91 (2.15 in 2024), above the usual 1.5. Short-term debt is 51.1% and cash 1.3% of total assets. However, 53.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
2 days early
2023
on the day
2022
27 days late
2021
25 days late
2020
23 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0824123579
Company renamed from Rik Vyncke to Rack
Capital contribution of €9,300 · Change of role: Rik VYNCKE, from manager and director to director · “Onderneming voor plaatsen van sanitair en verwarming; Onderneming voor het optrekken van gebouwen; Onderneming…” (deed in Dutch) · General meeting of 17-07-2024 · Gazette deed
Registered office moved from Nieuwpoort to Lombardsijde
New registered office: Schoolstraat 6 te 8434 Lombardsijde · Previous registered office: Sint-Jacobstraat 10 bus 101, 8620 Nieuwpoort · Board meeting of 01-04-2019 · Gazette deed
Company renamed from AVYGROND to Rik Vyncke
Registered office moved from Anzegem to Nieuwpoort · New registered office: Sint-Jacobstraat 10/0101, 8620 Nieuwpoort · Previous registered office: Buyckstraat 53, 8570 Anzegem · General meeting of 21-09-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Rack Middelkerke | €57,978 | €6,176 | 46.3% | - |
| MWM INTERNATIONAL BV Maaseik | €48,641 | €6,096 | 66.6% | - |
| RAMOD Lille | €73,508 | €10,706 | 20.9% | - |
| AGEC Molenbeek-Saint-Jean | €38,628 | €7,531 | 29.2% | - |
| CERAM Y SOL Fontaine-l'Evêque | €52,227 | €8,276 | 53.0% | - |
| SAM-DEMO Affligem | €30,970 | €9,016 | -132.2% | - |
| AUDAG PROJECT Genappe | €89,770 | €9,137 | 94.8% | - |
These companies have the same main activity as Rack: demolition (NACE 43110). They are comparable in size and age: total assets between €31,000 and €89,800, founded between 2003 and 2012.
Official details
Source: KBO- Status
- Active since 18-03-2010Normal situation
- Activity
- DemolitionNACE 43110and 5 others
- Establishment unit
- 2.192.977.7808434 Middelkerke, since 01-04-2010
- Financial year end
- 30 June
- Peppol
- Reachable since 12-02-2025
Annual accounts to 30-06-2025
- €57,978▲ 23.1%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on Rack
Rack files the micro format. That format states no turnover. The gross margin fell from €38,772 in 2011 to €6,176 in 2025.
The balance sheet grew most in 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Rack
- What is the company number of Rack?
- The company number of Rack is 0824.123.579. The VAT number is the same number with BE in front: BE 0824.123.579.
- Where is Rack based?
- The registered office is at Schoolstraat 6, 8434 Middelkerke.Company details
- What does Rack do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of Rack?
- Rack is a private limited company (BV).
- When was Rack founded?
- Rack was founded on 18-03-2010.
- Is Rack still active?
- Yes, Rack is an active enterprise in the KBO register.
- What is the turnover of Rack?
- The turnover in financial year 2025 is ≈ €61,000. This figure is estimated from the gross margin of €6,176 and 41 comparable companies (NACE 431). It probably lies between €27,000 and €100,000. It is a rough estimate.Financials
- Is Rack profitable?
- In financial year 2025, Rack made a profit of €213.
- Where can I find the annual accounts of Rack?
- Rack filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Rack due?
- Rack must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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