RAPHUS
ActiveThe computed 12-month bankruptcy probability of RAPHUS is 2.1% (moderate). The 2025 annual accounts show negative equity (€-3k) and a net result of €15k. Equity is shrinking by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 1968 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
21
/ 100
Critical▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency39▼-1
Growth58=
Stability100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.76 against 0.78 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.6%
Return on assets
11%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1968 sector peers (2025).
NBB · sector comparisonPosition among 1968 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
21 d late
2023
20 d late
2022
17 d late
2021
2 d early
2020
26 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k▲ 81.1%
2024 · €-18k
2019: €3k
2020: €-27
2021: €-21k
2022: €-8k
2023: €-12k
2024: €-18k
2019 → 2025
Total assets
€132k▼ 26.5%
2024 · €180k
2019: €29k
2020: €17k
2021: €37k
2022: €70k
2023: €70k
2024: €180k
2019 → 2025
Net result
€15k
2024 · €-6k
2019: €-16k
2020: €-3k
2021: €-21k
2022: €12k
2023: €-4k
2024: €-6k
2019 → 2025
Working capital
€-32k▲ 25.5%
2024 · €-43k
2019: €3k
2020: €-2k
2021: €-30k
2022: €-19k
2023: €-28k
2024: €-43k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-21k-€-8k▲ 60.2%€-12k▼ 42.8%€-18k▼ 54.3%€-3k▲ 81.1%
Operating result€-20k-€14k€-2k€632€17k▲ 2,621%
Net result€-21k-€12k€-4k€-6k▼ 81.0%€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,621% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€29k▲ 5.9%
Current assets
€104k▼ 32.2%
Key figures and ratios
EBITDA
€24k▲
2024 · €8k
Cash flow
€21k▲
2024 · €600
Solvency
-2.6%▲
2024 · -10.0%
Current ratio
0.76▼
2024 · 0.78
Quick ratio
0.76▼
2024 · 0.78
Debt / equity
-39.86▼
2024 · -10.99
ROE
-429.3%▼
2024 · 35.2%
ROA
11.0%▲
2024 · -3.5%
Interest coverage
5.03▲
2024 · 1.12
Debt
€136k▼
2024 · €198k
Debt ≤ 1 year
€136k▼
2024 · €196k
Income taxes
€216▼
2024 · €221
Staff costs
€107k▼
2024 · €194k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€180k€132k▼
Fixed assets21/28€27k€29k▲
Tangible fixed assets22/27€22k€15k▼
Furniture and vehicles24€22k€15k▼
Financial fixed assets28€5k€13k▲
Current assets29/58€153k€104k▼
Amounts receivable within one year40/41€135k€81k▼
Trade receivables40€135k€73k▼
Other amounts receivable41-€9k
Cash at bank and in hand54/58€15k€22k▲
Deferred charges and accrued income490/1€3k€896▼
Equity and liabilities
Total equity and liabilities10/49€180k€132k▼
Equity10/15€-18k€-3k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-37k€-22k▲
Amounts payable17/49€198k€136k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€196k€136k▼
Current portion of amounts payable after more than one year42€4k€2k▼
Trade debts44€59k€35k▼
Suppliers440/4€59k€35k▼
Taxes, remuneration and social security45€49k€20k▼
Taxes450/3€5k€1k▼
Remuneration and social security454/9€45k€19k▼
Other amounts payable47/48€84k€79k▼
Income statement
Code20242025
Remuneration, social security and pensions62€194k€107k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€1k€837▼
Gross operating margin9900€203k€132k▼
Operating profit (loss)9901€632€17k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€-6k€15k▲
Income taxes67/77€221€216▼
Profit (loss) for the period9904€-6k€15k▲
Profit (loss) for the period to be appropriated9905€-6k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-22k▲
Profit (loss) brought forward from the previous period14P€-30k€-37k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
DOS REMEDIOS ESTEVES Jonica Marisa
CurrentDirector · since 21-11-2023
21-11-2023
Appointed as Director
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Raymond Becquevort 41332 RixensartGround area
5,397 m²
Building footprint
200 m²
Volume, LiDAR
2,196 m³
2 parcels, Brussels, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Raphus
since 20192.283.668.030
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0370/00B010 | Brussels | 5,214 m² | 1 · 120 m² | 17.0 m · 5 fl. |
| 25033A0482/00_000 | Wallonia | 183 m² | 1 · 80 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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QUICKTOOLS
BE 0629.813.278
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POLY-CREATION
BE 0554.889.884
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Kreate 3D
BE 0755.489.349
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ARKHE
BE 0433.573.568
Namur · Eq €4k
Of 596 companies in sector 22260 we hold annual accounts for 278. 32 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2019
Fiscal year end31-12
Activities, NACEBEL
22260Manufacture of rubber and plastic products
90031Arts creation and performing arts activities
90111Literary creation
32990Other manufacturing not elsewhere classified
82300Organisation of conventions and trade shows
85592Vocational training
91030Libraries, archives, museums and other cultural activities
91220Libraries, archives, museums and other cultural activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:jonica.dre@hotmail.com