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RAPI

Active
Private limited company (pre-2019)founded 2008active for 18 yearsBerkenlaan 49, 3620 Lanaken, BelgiumKBO/BCE: BE 0806.316.062
Summary

The computed 12-month bankruptcy probability of RAPI is 10.8% (high). For RAPI, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €8,671 and a net result of -€13,142. Equity is shrinking by about 5% per year across the filed financial years. The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€51,471total assets 2022
Equity
€8,671
Loss
-€13,142
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
10.8%
2022 figures too old to score
Structure
Accounts 809 days overdue0 of 5 deeds read
Signalsraises riskFigures for financial year 2022 (filed 27-08-2023)3 financial years not filed after the legal deadline; latest accounts 25 days late; 1 of the last 3 lateTwo or more financial years not filedlowers riskSize: total assets €51,471Founded in 2008neutralFiled after the deadlineShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2022 · tick = 2021
Weak
Solvency 42-14
equity 16.8% of total assets
Liquidity 9-17
short-term debt 83.2%
Profitability 0-48
return on assets -25.5%
Bankruptcy probability, 12 months
10.8% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 5.0%lowest value 12-2024: 6.2%▲ +1.2 percentage points vs 11-2024 01-2025: 8.9%▲ +2.7 percentage points vs 12-2024 02-2025: 8.9%● unchanged vs 01-2025 03-2025: 9.1%▲ +0.2 percentage points vs 02-2025 04-2025: 8.8%▼ -0.3 percentage points vs 03-2025 05-2025: 9.0%▲ +0.2 percentage points vs 04-2025 06-2025: 9.0%● unchanged vs 05-2025 07-2025: 9.0%● unchanged vs 06-2025 08-2025: 9.6%▲ +0.6 percentage points vs 07-2025 09-2025: 11.3%▲ +1.7 percentage points vs 08-2025highest value 10-2025: 11.3%● unchanged vs 09-2025highest value 11-2025: 11.3%● unchanged vs 10-2025highest value 12-2025: 11.3%● unchanged vs 11-2025highest value 01-2026: 11.3%● unchanged vs 12-2025highest value 02-2026: 11.3%● unchanged vs 01-2026highest value 03-2026: 11.3%● unchanged vs 02-2026highest value 04-2026: 11.3%● unchanged vs 03-2026highest value 05-2026: 11.3%● unchanged vs 04-2026highest value 06-2026: 11.3%● unchanged vs 05-2026highest value 07-2026: 11.3%● unchanged vs 06-2026highest value 08-2026: 10.8%▼ -0.5 percentage points vs 07-2026 09-2026: 10.8%● unchanged vs 08-2026 10-2026: 10.8%● unchanged vs 09-2026
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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2022 (filed 27-08-2023)
NBB · annual accounts
lowers risk · Size: total assets €51,471
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 3 financial years not filed after the legal deadline; latest accounts 25 days late; 1 of the last 3 late
NBB · filings
lowers risk · Founded in 2008
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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 filings
Position against the passed deadline
31-12-2023 year end31-07-2024 deadline18-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-08-2023, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
25 days late
2021
10 days late
2020
31 days late
2019
24 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2022 · micro…
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Annual accounts filedfinancial year 2020 · micro…

Financials · financial year 2022, micro format

2023 annual accounts not yet filed, deadline passed on 31 July 2024 Financial year closed on 31 December 2023; filing due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 18 October 2026.

Equity
€8,671▼ 60.2%
2021 · €21,813
Total assets
€51,471▼ 26.5%
2021 · €70,030
Net result
-€13,142▼ 1,669%
2021 · -€743
Working capital
€5,861▼ 68.3%
2021 · €18,499
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result turns negative in 2022: a loss of €11,162 after €1,952 in 2021.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€11,162 2022 Net result-€13,142 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Operating result-€10,406--€17,944▼ 72.4%€18,522€1,952▼ 89.5%-€11,162
Net result-€12,329--€18,809▼ 52.6%€16,215-€743-€13,142▼ 1,669%
Equity€25,150-€6,341▼ 74.8%€22,556▲ 256%€21,813▼ 3.3%€8,671▼ 60.2%
Total assets€69,204-€60,859▼ 12.1%€56,760▼ 6.7%€70,030▲ 23.4%€51,471▼ 26.5%
Debt€44,055-€54,518▲ 23.8%€34,204▼ 37.3%€48,217▲ 41.0%€42,800▼ 11.2%
Working capital€21,342-€28,794▲ 34.9%€16,557▼ 42.5%€18,499▲ 11.7%€5,861▼ 68.3%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €51,471
Fixed assets €2,810 ▼ 15.2%
Current assets €48,661 ▼ 27.1%
Equity and liabilities €51,471
Equity €8,671 ▼ 60.2%
Debt €42,800 ▼ 11.2%
Debt's share of the balance-sheet total rises from 68.9% to 83.2%. Equity and debt are lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
-€10,657▼
2021 · €8,555
Cash flow
-€12,637▼
2021 · €5,860
Current ratio
1.14▼
2021 · 1.38
Debt to equity
4.94▲
2021 · 2.21
ROE
-151.6%▼
2021 · -3.4%
ROA
-25.5%▼
2021 · -1.1%
Interest coverage
-5.38▼
2021 · 3.65
Debt ≤ 1 year
€42,800▼
2021 · €48,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines
Balance sheet Code20212022
Assets
Total assets20/58€70,030€51,471▼
Fixed assets21/28€3,314€2,810▼
Tangible fixed assets22/27€3,314€2,810▼
Land and buildings22€3,081€2,694▼
Plant, machinery and equipment23€233€116▼
Furniture and vehicles24€0-
Current assets29/58€66,716€48,661▼
Stocks and contracts in progress3€3,368€0▼
Stocks30/36€3,368€0▼
Amounts receivable within one year40/41€63,348€48,661▼
Trade receivables40€60,607€46,422▼
Other amounts receivable41€2,741€2,240▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€70,030€51,471▼
Equity10/15€21,813€8,671▼
Contributions10/11€18,550€18,550=
Reserves13€3,263€3,263=
Non-distributable reserves130/1€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855=
Distributable reserves133€1,408€1,408=
Profit (loss) carried forward14€0-€13,142▼
Amounts payable17/49€48,217€42,800▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€48,217€42,800▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€16,328€10,458▼
Credit institutions430/8€16,328€10,458▼
Trade debts44€3,892€4,382▲
Suppliers440/4€3,892€4,382▲
Taxes, remuneration and social security45€3,432€2,925▼
Taxes450/3€3,432€2,925▼
Other amounts payable47/48€24,565€25,035▲
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,603€504▼
Other operating charges640/8€509€1,077▲
Gross operating margin9900€9,064-€9,581▼
Operating profit (loss)9901€1,952-€11,162▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2,695€1,980▼
Recurring financial charges65€2,341€1,980▼
Non-recurring financial charges66B€355€0▼
Profit (loss) for the period before taxes9903-€743-€13,142▼
Profit (loss) for the period9904-€743-€13,142▼
Profit (loss) for the period to be appropriated9905-€743-€13,142▼
Appropriation of the result
Profit (loss) to be appropriated9906-€14,037-€13,142▲
Profit (loss) brought forward from the previous period14P-€13,294€0▲
Transfer from equity791/2€14,037€0▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,872€2,149€2,149€6,603€504▼ 92.4%
Other operating charges640/8---€509€1,077▲ 112%
Gross operating margin9900-€5,174-€8,487€21,410€9,064-€9,581-
Operating profit (loss)9901-€10,406-€17,944€18,522€1,952-€11,162-
Financial income75/76B---€0--
Recurring financial income75€305€1,417€0€0--
Financial charges65/66B---€2,695€1,980▼ 26.5%
Recurring financial charges65€2,228€2,282€2,307€2,341€1,980▼ 15.4%
Non-recurring financial charges66B---€355€0▼ 100%
Profit (loss) for the period before taxes9903-€12,329-€18,809€16,215-€743-€13,142▼ 1,669%
Profit (loss) for the period9904-€12,329-€18,809€16,215-€743-€13,142▼ 1,669%
Profit (loss) for the period to be appropriated9905-€12,329-€18,809€16,215-€743-€13,142▼ 1,669%
Line20182019202020212022Change
Assets
Total assets20/58€69,204€60,859€56,760€70,030€51,471▼ 26.5%
Fixed assets21/28€14,616€8,597€6,448€3,314€2,810▼ 15.2%
Tangible fixed assets22/27€14,616€8,597€6,448€3,314€2,810▼ 15.2%
Land and buildings22---€3,081€2,694▼ 12.6%
Plant, machinery and equipment23---€233€116▼ 50.0%
Furniture and vehicles24---€0--
Current assets29/58€54,589€52,262€50,312€66,716€48,661▼ 27.1%
Stocks and contracts in progress3€16,259€14,322€3,860€3,368€0▼ 100%
Stocks30/36---€3,368€0▼ 100%
Amounts receivable within one year40/41€38,330€37,902€46,311€63,348€48,661▼ 23.2%
Trade receivables40---€60,607€46,422▼ 23.4%
Other amounts receivable41---€2,741€2,240▼ 18.3%
Deferred charges and accrued income490/1---€0--
Equity and liabilities
Total equity and liabilities10/49€69,204€60,859€56,760€70,030€51,471▼ 26.5%
Equity10/15€25,150€6,341€22,556€21,813€8,671▼ 60.2%
Contributions10/11€18,550€18,550-€18,550€18,550=
Reserves13€17,300€17,300€17,300€3,263€3,263=
Non-distributable reserves130/1---€1,855€1,855=
Reserves not available under the articles1311---€1,855€1,855=
Distributable reserves133---€1,408€1,408=
Profit (loss) carried forward14-€10,700-€29,509-€13,294€0-€13,142-
Amounts payable17/49€44,055€54,518€34,204€48,217€42,800▼ 11.2%
Amounts payable after more than one year17€10,782€30,716€448€0--
Financial debts170/4---€0--
Amounts payable within one year42/48€33,247€23,468€33,755€48,217€42,800▼ 11.2%
Current portion of amounts payable after more than one year42---€0--
Financial debts43---€16,328€10,458▼ 35.9%
Credit institutions430/8---€16,328€10,458▼ 35.9%
Trade debts44€15,046€2,513€12,323€3,892€4,382▲ 12.6%
Suppliers440/4---€3,892€4,382▲ 12.6%
Taxes, remuneration and social security45---€3,432€2,925▼ 14.8%
Taxes450/3---€3,432€2,925▼ 14.8%
Other amounts payable47/48---€24,565€25,035▲ 1.9%
Line20182019202020212022Change
Profit (loss) for the period9904-€12,329-€18,809€16,215-€743-€13,142▼ 1,669%
+ Depreciation and write-downs630€4,872€2,149€2,149€6,603€504▼ 92.4%
Operating cash flow (approximation)-€7,457-€16,659€18,364€5,860-€12,637-
Investment in fixed assets (approximation)-€3,869€0-€3,469€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
31-12-2022 micro format 25-08-2023 2023-00356987
31-12-2021 micro format 10-08-2022 2022-20280627
31-12-2020 micro format 31-08-2021 2021-60700312
31-12-2019 micro format 24-08-2020 2020-44800432
31-12-2018 micro format 15-07-2019 2019-32700075
31-12-2017 micro format 28-06-2018 2018-24500102
31-12-2016 micro format 28-07-2017 2017-37800528
31-12-2015 abbreviated format 30-06-2016 2016-25800227
31-12-2014 abbreviated format 26-08-2015 2015-49100496
31-12-2013 abbreviated format 26-06-2014 2014-23900368

Show all 15 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 12 September 2008, RAPI was incorporated.1 Total assets went from €69,204 in 2018 to €51,471 in 2022.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2022

Acts, filings and financial milestones

2023
25-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 25 days late
2022
10-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 10 days late
2021
31-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 31 days late
2020
31-12
Financial Back to profitnet €16,215
Net result €16,215 after 2 loss-making years.
24-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 24 days late
2019
31-12
Financial Weakest financial yearnet -€18,809
Net result drops to -€18,809, the lowest in the series; recovery starts the following year.
15-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
28-06
NBB filing Annual accounts filed
financial year 2017 · micro format
2017
28-07
NBB filing Annual accounts filed
financial year 2016 · micro format
2016
30-06
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
2015
26-08
NBB filing Annual accounts filed
financial year 2014 · abbreviated format · 26 days late
2014
26-06
NBB filing Annual accounts filed
financial year 2013 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 15 annual accounts filed, the latest 10 are here; all 15 are under Financials.
0 of 5 deeds read
About the unread acts

We know of 5 Belgian Official 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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Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded12-09-2008
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

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Register as of 17 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Lanaken · 1 establishment unit since 2008
registered office establishment The establishment unit on the map
Ground area
748 m²
Building footprint
144 m²
Building volume
879 m³
Parcel 73014B0170/00Z000, Flanders · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
Berkenlaan 49, 3620 Lanaken
Civil engineering
since 2008unit no. 2.174.585.590
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
73014B0170/00Z000 Flanders 748 m² 1 · 144 m² 8.1 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.