RAPERO
ActiveSummary
RAPERO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €17,293 and a net result of -€52,668. Equity is shrinking by about 21% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 11% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€17,293▼ 75.3%
2024 · €69,961
Net result
-€52,668
2024 · €3,045
Total assets
€399,777▼ 11.6%
2024 · €452,163
Solvency
4.3%▼ 11.1pp
2024 · 15.5%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €51,581 after €4,978 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€51,581
2025
Net result-€52,668
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€399,777
2025
Equity€17,293
2025
Debt€382,484
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€321,747
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-13.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency4.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.07
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€24,108-€27,465▲ 13.9%€31,752▲ 15.6%-€62,804-€16,691▲ 73.4%€4,978-€51,581
Net result€16,096-€19,130within the sector's middle half▲ 18.8%€23,858within the sector's middle half▲ 24.7%-€63,966below the sector's middle half-€17,534below the sector's middle half▲ 72.6%€3,045below the sector's middle half-€52,668below the sector's middle half
Equity€105,429-€124,559below the sector's middle half▲ 18.1%€148,416below the sector's middle half▲ 19.2%€84,450below the sector's middle half▼ 43.1%€66,916below the sector's middle half▼ 20.8%€69,961within the sector's middle half▲ 4.6%€17,293below the sector's middle half▼ 75.3%
Total assets€292,548-€279,761below the sector's middle half▼ 4.4%€265,339below the sector's middle half▼ 5.2%€407,553below the sector's middle half▲ 53.6%€439,991below the sector's middle half▲ 8.0%€452,163within the sector's middle half▲ 2.8%€399,777within the sector's middle half▼ 11.6%
Debt€187,119-€155,202▼ 17.1%€116,923▼ 24.7%€323,103▲ 176%€373,076▲ 15.5%€382,202▲ 2.4%€382,484▲ 0.1%
Working capital€997-€24,359within the sector's middle half▲ 24×€35,608within the sector's middle half▲ 46.2%-€219,747below the sector's middle half-€290,526below the sector's middle half▼ 32.2%-€266,106below the sector's middle half▲ 8.4%-€321,747below the sector's middle half▼ 20.9%
Solvency36.0%-44.5%within the sector's middle half▲ 8.5pp55.9%within the sector's middle half▲ 11.4pp20.7%below the sector's middle half▼ 35.2pp15.2%below the sector's middle half▼ 5.5pp15.5%below the sector's middle half▲ 0.3pp4.3%below the sector's middle half▼ 11.1pp
Current ratio1.02-1.53within the sector's middle half▲ 0.502.21within the sector's middle half▲ 0.680.14below the sector's middle half▼ 2.070.10below the sector's middle half▼ 0.040.26below the sector's middle half▲ 0.150.07below the sector's middle half▼ 0.18
Return on assets (ROA)5.5%-6.8%within the sector's middle half▲ 1.3pp9.0%within the sector's middle half▲ 2.2pp-15.7%below the sector's middle half▼ 24.7pp-4.0%below the sector's middle half▲ 11.7pp0.7%below the sector's middle half▲ 4.7pp-13.2%below the sector's middle half▼ 13.8pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399,777
Fixed assets
€373,752 ▲ 3.6%
Current assets
€26,024 ▼ 71.5%
Equity and liabilities €399,777
Equity
€17,293 ▼ 75.3%
Debt
€382,484 ▲ 0.1%
Debt's share of the balance-sheet total rises from 84.5% to 95.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-304.6%▼
2024 · 4.4%
Debt ≤ 1 year
€347,771▼
2024 · €357,440
Debt > 1 year
€33,018▲
2024 · €23,087
Income taxes
€361▲
2024 · €325
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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €238 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,419 | €38,048 | €26,705 | €50,862 | €40,815 | €44,691 | €46,892 | ▲ 4.9% |
| Other operating charges640/8 | - | - | - | €1,476 | €1,214 | €1,811 | €8,101 | ▲ 347% |
| Non-recurring operating charges66A | - | - | - | - | - | €6,232 | - | - |
| Gross operating margin9900 | €63,758 | €66,857 | €59,574 | -€10,466 | €25,338 | €57,712 | €3,413 | ▼ 94.1% |
| Operating profit (loss)9901 | €24,108 | €27,465 | €31,752 | -€62,804 | -€16,691 | €4,978 | -€51,581 | - |
| Financial income75/76B | - | - | - | €601 | €655 | €261 | €206 | ▼ 21.1% |
| Recurring financial income75 | - | - | - | €601 | €655 | €261 | €206 | ▼ 21.1% |
| Financial charges65/66B | - | - | - | €1,455 | €1,182 | €1,869 | €932 | ▼ 50.1% |
| Recurring financial charges65 | €3,293 | €2,780 | €2,405 | €1,455 | €1,182 | €1,869 | €932 | ▼ 50.1% |
| Profit (loss) for the period before taxes9903 | €20,814 | €24,684 | €29,347 | -€63,658 | -€17,218 | €3,370 | -€52,307 | - |
| Income taxes67/77 | €4,718 | €5,554 | €5,489 | €309 | €316 | €325 | €361 | ▲ 11.1% |
| Profit (loss) for the period9904 | €16,096 | €19,130 | €23,858 | -€63,966 | -€17,534 | €3,045 | -€52,668 | - |
| Profit (loss) for the period to be appropriated9905 | €15,777 | €18,789 | €23,858 | -€63,966 | -€17,534 | €3,045 | -€52,668 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €292,548 | €279,761 | €265,339 | €407,553 | €439,991 | €452,163 | €399,777 | ▼ 11.6% |
| Fixed assets21/28 | €247,090 | €209,042 | €200,224 | €372,410 | €407,505 | €360,829 | €373,752 | ▲ 3.6% |
| Intangible fixed assets21 | - | - | - | - | €6,232 | - | - | - |
| Tangible fixed assets22/27 | €247,090 | €209,042 | €200,224 | €372,410 | €401,273 | €360,829 | €373,752 | ▲ 3.6% |
| Land and buildings22 | - | - | - | €347,843 | €322,588 | €291,208 | €269,138 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | - | - | €8,467 | €10,126 | €10,388 | €15,140 | ▲ 45.7% |
| Furniture and vehicles24 | - | - | - | €16,101 | €68,559 | €59,233 | €89,474 | ▲ 51.1% |
| Current assets29/58 | €45,458 | €70,718 | €65,116 | €35,143 | €32,486 | €91,334 | €26,024 | ▼ 71.5% |
| Amounts receivable after more than one year29 | - | - | - | €12,500 | €7,000 | - | - | - |
| Other amounts receivable291 | - | - | - | €12,500 | €7,000 | - | - | - |
| Stocks and contracts in progress3 | - | - | - | €1,099 | €1,439 | €6,302 | €4,404 | ▼ 30.1% |
| Stocks30/36 | - | - | - | €1,099 | €1,439 | €6,302 | €2,404 | ▼ 61.8% |
| Contracts in progress37 | - | - | - | - | - | - | €2,000 | - |
| Amounts receivable within one year40/41 | €16,267 | €12,824 | €18,255 | €11,891 | €16,592 | €72,057 | €11,556 | ▼ 84.0% |
| Trade receivables40 | - | - | - | €11,525 | €16,546 | €71,769 | €3,816 | ▼ 94.7% |
| Other amounts receivable41 | - | - | - | €366 | €46 | €287 | €7,740 | ▲ 27× |
| Cash at bank and in hand54/58 | €24,370 | €53,796 | €42,805 | €7,244 | €4,587 | €7,455 | €6,096 | ▼ 18.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,409 | €2,869 | €5,521 | €3,967 | ▼ 28.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €292,548 | €279,761 | €265,339 | €407,553 | €439,991 | €452,163 | €399,777 | ▼ 11.6% |
| Equity10/15 | €105,429 | €124,559 | €148,416 | €84,450 | €66,916 | €69,961 | €17,293 | ▼ 75.3% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €29,374 | €29,714 | €29,714 | €29,714 | €29,714 | €29,714 | €29,714 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €27,854 | €27,854 | €27,854 | €27,854 | = |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €57,455 | €76,244 | €100,102 | €36,136 | €18,601 | €21,646 | -€31,022 | - |
| Amounts payable17/49 | €187,119 | €155,202 | €116,923 | €323,103 | €373,076 | €382,202 | €382,484 | ▲ 0.1% |
| Amounts payable after more than one year17 | €141,083 | €106,855 | €85,393 | €64,886 | €44,120 | €23,087 | €33,018 | ▲ 43.0% |
| Financial debts170/4 | - | - | - | €64,886 | €44,120 | €23,087 | €33,018 | ▲ 43.0% |
| Amounts payable within one year42/48 | €44,461 | €46,359 | €29,508 | €254,889 | €323,012 | €357,440 | €347,771 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,507 | €20,766 | €21,032 | €28,837 | ▲ 37.1% |
| Trade debts44 | €750 | €63 | €438 | €6,225 | €7,964 | €11,686 | €15,461 | ▲ 32.3% |
| Suppliers440/4 | - | - | - | €6,225 | €7,964 | €11,686 | €15,461 | ▲ 32.3% |
| Taxes, remuneration and social security45 | - | - | - | €3,179 | €3,185 | €1,740 | €361 | ▼ 79.2% |
| Taxes450/3 | - | - | - | €917 | €3,185 | €1,740 | €361 | ▼ 79.2% |
| Remuneration and social security454/9 | - | - | - | €2,263 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €224,978 | €291,097 | €322,981 | €303,112 | ▼ 6.2% |
| Accrued charges and deferred income492/3 | - | - | - | €3,328 | €5,944 | €1,675 | €1,695 | ▲ 1.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,096 | €19,130 | €23,858 | -€63,966 | -€17,534 | €3,045 | -€52,668 | - |
| + Depreciation and write-downs630 | €38,419 | €38,048 | €26,705 | €50,862 | €40,815 | €44,691 | €46,892 | ▲ 4.9% |
| Operating cash flow (approximation) | €54,516 | €57,178 | €50,563 | -€13,105 | €23,281 | €47,736 | -€5,776 | - |
| Investment in fixed assets (approximation) | - | €0 | -€17,887 | -€223,048 | -€75,911 | €1,986 | -€59,816 | - |
| Change in cash | - | €29,426 | -€10,991 | -€35,561 | -€2,658 | €2,868 | -€1,358 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 15-01-2026 | 2026-00009102 |
| 30-06-2024 | micro format | 16-01-2025 | 2025-00006506 |
| 30-06-2023 | abbreviated format | 12-01-2024 | 2024-00001203 |
| 30-06-2022 | abbreviated format | 07-01-2023 | 2023-20554720 |
| 30-06-2021 | abbreviated format | 07-01-2022 | 2022-00900322 |
| 30-06-2020 | abbreviated format | 04-01-2021 | 2021-00400052 |
| 30-06-2019 | abbreviated format | 27-12-2019 | 2019-77800392 |
| 30-06-2018 | abbreviated format | 29-12-2018 | 2018-76300338 |
| 30-06-2017 | abbreviated format | 27-01-2018 | 2018-03200493 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.