RAPAL
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
22 d late
2021
8 d late
2020
11 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 33 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€988,781▼ 0.1%
2022 · €989,339
Working capital
€11,854▲ 36.4%
2022 · €8,693
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€113,739▼ 2,122%-€146▲ 99.9%-€944▼ 549%-€2,450▼ 160%-€3,163▼ 29.1%
Net result-€113,818▼ 2,101%-€174▲ 99.8%€5.1m€989,339▼ 80.7%€988,781▼ 0.1%
Equity€4.5m▼ 2.5%€4.5m=€3.5m▼ 22.5%€3.5m▲ 0.1%€3.5m▲ 0.1%
Total assets€4.5m▼ 15.1%€4.5m=€3.6m▼ 19.1%€4.5m▲ 22.6%€4.5m▲ 0.1%
Debt€13,530▼ 98.1%€13,676▲ 1.1%€165,751▲ 1,112%€987,230▲ 496%€988,610▲ 0.1%
Working capital€1.0m▲ 175%€1.0m=€6,346▼ 99.4%€8,693▲ 37.0%€11,854▲ 36.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,163 in 2023 against €2,450 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €4.5m
Fixed assets
€3.5m =
Current assets
€998,854 ▲ 0.3%
Equity and liabilities €4.5m
Equity
€3.5m ▲ 0.1%
Debt
€988,610 ▲ 0.1%
Debt's share of the balance-sheet total stays at 22.1%.
Key figures and ratios
Current ratio
1.01▲
2022 · 1.01
Debt to equity
0.28▲
2022 · 0.28
ROE
28.4%▼
2022 · 28.4%
ROA
22.1%▼
2022 · 22.1%
Debt ≤ 1 year
€987,000=
2022 · €987,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €868 | €1,736 | €960 | ▼ 44.7% |
| Gross operating margin9900 | €15,623 | -€146 | -€76 | -€714 | -€2,203 | ▼ 208% |
| Operating profit (loss)9901 | -€113,739 | -€146 | -€944 | -€2,450 | -€3,163 | ▼ 29.1% |
| Financial income75/76B | - | - | €5.1m | €992,000 | €992,000 | = |
| Recurring financial income75 | - | - | €5.1m | €992,000 | €992,000 | = |
| Non-recurring financial income76B | - | - | €5.1m | €992,000 | €992,000 | = |
| Financial charges65/66B | - | - | €55 | €211 | €56 | ▼ 73.4% |
| Recurring financial charges65 | €79 | €29 | €55 | €211 | €56 | ▼ 73.4% |
| Profit (loss) for the period before taxes9903 | -€113,818 | -€174 | €5.1m | €989,339 | €988,781 | ▼ 0.1% |
| Profit (loss) for the period9904 | -€113,818 | -€174 | €5.1m | €989,339 | €988,781 | ▼ 0.1% |
| Profit (loss) for the period to be appropriated9905 | -€113,818 | -€174 | €5.1m | €989,339 | €988,781 | ▼ 0.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.5m | €3.6m | €4.5m | €4.5m | ▲ 0.1% |
| Fixed assets21/28 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Financial fixed assets28 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Current assets29/58 | €1.0m | €1.0m | €171,876 | €995,693 | €998,854 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €1.0m | €1.0m | - | - | - | - |
| Cash at bank and in hand54/58 | €204 | €175 | €1,252 | €3,693 | €6,854 | ▲ 85.6% |
| Deferred charges and accrued income490/1 | - | - | €170,624 | €992,000 | €992,000 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.5m | €3.6m | €4.5m | €4.5m | ▲ 0.1% |
| Equity10/15 | €4.5m | €4.5m | €3.5m | €3.5m | €3.5m | ▲ 0.1% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | €3.0m | €3.0m | €3.0m | = |
| Profit (loss) carried forward14 | €1.5m | €1.5m | €456,124 | €458,463 | €460,244 | ▲ 0.4% |
| Amounts payable17/49 | €13,530 | €13,676 | €165,751 | €987,230 | €988,610 | ▲ 0.1% |
| Amounts payable within one year42/48 | €13,530 | €13,530 | €165,530 | €987,000 | €987,000 | = |
| Other amounts payable47/48 | - | - | €165,530 | €987,000 | €987,000 | = |
| Accrued charges and deferred income492/3 | - | - | €221 | €230 | €1,610 | ▲ 599% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€113,818 | -€174 | €5.1m | €989,339 | €988,781 | ▼ 0.1% |
| Operating cash flow (approximation) | -€113,818 | -€174 | €5.1m | €989,339 | €988,781 | ▼ 0.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€29 | €1,077 | €2,442 | €3,160 | ▲ 29.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
31-12
Financial
Back to profitnet €5.1m
Net result €5.1m after 3 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€113,818
Net result drops to -€113,818, the lowest in the series.
31-12
Financial
Liquidity times 50current ratio 76.14
Current ratio from 1.53 to 76.14; short-term debt falls from €699,530 to €13,530.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 122 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 owner · 1 holding · 2 subsidiaries in the treeOwners 1
- Sourceaccounts LINLOR 202249.5%
Holdings 1
-
99.2%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Royale Lacroix 99.2%1 subsidiary
- ELGECOFR 99.96%
According to the 2023 annual accounts of RAPAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.