Equity
€1.1m ▲ 60.4%
Equity rose in 2025 from €655,981 to €1.1m.
RAPID ROAD
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2001peak €1.0m (2025)
€1.0m▲ 29.3%
lowest -€20,419 (2017)
€438,046▲ 21.0%
peak €1.1m (2025)
€1.1m▲ 60.4%
€1.7m▲ 26.0%
peak 1.8 FTE (2025)
1.8 FTE▲ 80.0%
Board3 names since 2022
1 directorDimitri Vanneste
Documentsfilings and deeds
19-12-202543 days before the deadline
2025abbreviated format
Gross margin from €775,438 to €1.0mStaff from 1 FTE to 1.8 FTEDividend €41,700Equity from €655,981 to €1.1mDebts from €1.4m to €1.7mInvestments €512,491
Key points
from the 2025 annual accountsTurnover
≈ €2.8m estimated
The abbreviated format states no turnover.
Investments
€617,176 2.8 × depreciation
Green is investment, beige is depreciation.
Filings
25 annual accounts since 2001
The last five annual accounts were filed 28 to 49 days before the end of the period.
Restructuring
2023
Merger with VV Groentechniek. Merger on 13-11-2023.
Position in the sector
€438,046
Higher net result than 95% of companies in specialised construction. Sector median €26,646 · 9,965 companies.
Checked score
88
Excellent
Financially stronger than 59% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%highest value
01-2025: 0.1%▼ -0.3 percentage points vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2000
Size: 1.8 FTE, total assets €2.8m
Figures for financial year 2025 (filed on 19-12-2025)
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 40% of them on solvency, 36% on liquidity, 74% on profitability and 86% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 31,368 companies had the same profile as RAPID ROAD has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RAPID ROAD itself: 0.2% 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 31,368 companies, not a prediction for RAPID ROAD. 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 €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.63 (1.49 in 2024), above the usual 1.5. Short-term debt is 27.1% and cash 5% of total assets. However, 62.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €1.1m
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 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
42 days early
2023
49 days early
2022
36 days early
2021
28 days early
2020
4 days early
2019
25 days early
← 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 32 days before 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 20 December (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
Merger: RAPID ROAD takes over VV Groentechniek
Change of role: Vanneste Germain, from director to successor director · Resignation: Dimitri Vanneste (director) · Appointment: Dimitri Vanneste (director) · General meeting of 29-12-2023 · Gazette deed
Merger proposal: Rapid Road takes over VV Groentechniek
The company holds all the shares of VV Groentechniek · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472173531
1 director appointed, 2 resignations
Appointment: Vanneste Germain (statutory director) · Resignations: Hooghe Gaby and Vanneste Germain (statutory director) · General meeting of 22-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RAPID ROAD Kortrijk | €2.8m | €1.0m | 37.8% | 1.8 |
| Steenacker Wezembeek-Oppem | €3.8m | €0.9m | 48.4% | 2 |
| DEVOCRUSH Anzegem | €4.4m | €1.9m | 33.6% | 2.8 |
| Movarec Tielt | €3.4m | €0.7m | 66.0% | 4 |
| TUFFREAU LUC Wevelgem | €5.4m | €1.0m | 70.7% | 0.8 |
| B.C.T Millon Haacht | €2.6m | €0.8m | 68.8% | 3.3 |
| Genk Recycling Genk | €3.5m | €0.5m | 56.1% | 1.2 |
These companies have the same main activity as RAPID ROAD: demolition (NACE 43110). They are comparable in size and age: total assets between €2.6m and €5.4m, founded between 1993 and 2005.
Official details
Source: KBO- Status
- Active since 22-06-2000Normal situation
- Activity
- DemolitionNACE 43110and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2025
- Establishment unit
- 2.097.536.0178510 Kortrijk, since 31-08-2000
- Financial year end
- 30 June
- Peppol
- Reachable since 31-10-2023
Annual accounts to 30-06-2025
- €2.8m▲ 37.1%
- Employeeson 30-06-2025
- 2▲ 100%
- Filing
- Filed on 19-12-2025, 43 days before the end of the filing period
Insights on RAPID ROAD
RAPID ROAD files the abbreviated format. That format states no turnover. The gross margin rose from €40,976 in 2007 to €1.0m in 2025.
The balance sheet grew most from 2023 to 2025 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 RAPID ROAD
- What is the company number of RAPID ROAD?
- The company number of RAPID ROAD is 0472.173.531. The VAT number is the same number with BE in front: BE 0472.173.531.
- Where is RAPID ROAD based?
- The registered office is at Tontestraat 2, 8510 Kortrijk.Company details
- What does RAPID ROAD do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of RAPID ROAD?
- RAPID ROAD is a private limited company (BV).
- When was RAPID ROAD founded?
- RAPID ROAD was founded on 22-06-2000.
- Is RAPID ROAD still active?
- Yes, RAPID ROAD is an active enterprise in the KBO register.
- How many employees does RAPID ROAD have?
- RAPID ROAD had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RAPID ROAD fall under?
- In its 30-06-2025 annual accounts, RAPID ROAD states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of RAPID ROAD?
- The turnover in financial year 2025 is ≈ €2.8m. This figure is estimated from the gross margin of €1.0m and 67 comparable companies (NACE 43). It probably lies between €2.2m and €3.8m.
- Is RAPID ROAD profitable?
- In financial year 2025, RAPID ROAD made a profit of €438,046.
- Where can I find the annual accounts of RAPID ROAD?
- RAPID ROAD filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RAPID ROAD due?
- RAPID ROAD must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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