RAPID SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of RAPID SERVICES is 3.1% (moderate). The 2024 annual accounts show negative equity (-€358,127) and a net result of -€29,369. Equity is shrinking by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 18940 sector peers (fiscal year 2024). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability6▲+6
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.19 in 2023; short-term debt: 282.7% and cash: 10.3% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
-188.1%
Return on assets
-15.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€358,127
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-02-2026, 189 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
189 d late
2023
145 d late
2022
200 d late
2021
153 d late
2020
2 d late
2017
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 120 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€358,127▼ 8.9%
2023 · -€328,759
Total assets
€190,425▲ 1.5%
2023 · €187,599
Net result
-€29,369▲ 71.0%
2023 · -€101,104
Working capital
-€437,365▼ 9.4%
2023 · -€399,703
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,785-€12,450▲ 115%-€97,804-€91,925▲ 6.0%-€15,882▲ 82.7%
Net result€5,785within the sector's middle half-€10,070within the sector's middle half▲ 74.1%-€104,266below the sector's middle half-€101,104below the sector's middle half▲ 3.0%-€29,369below the sector's middle half▲ 71.0%
Equity-€133,459below the sector's middle half--€123,389below the sector's middle half▲ 7.5%-€227,655below the sector's middle half▼ 84.5%-€328,759below the sector's middle half▼ 44.4%-€358,127below the sector's middle half▼ 8.9%
Total assets€37,272below the sector's middle half€136,292within the sector's middle half▲ 266%€187,599within the sector's middle half▲ 37.6%€190,425within the sector's middle half▲ 1.5%
Debt€133,459-€160,661▲ 20.4%€363,947▲ 127%€516,357▲ 41.9%€548,552▲ 6.2%
Working capital-€134,653below the sector's middle half-€288,260below the sector's middle half▼ 114%-€399,703below the sector's middle half▼ 38.7%-€437,365below the sector's middle half▼ 9.4%
Solvency-331.0%below the sector's middle half-167.0%below the sector's middle half▲ 164.0pp-175.2%below the sector's middle half▼ 8.2pp-188.1%below the sector's middle half▼ 12.8pp
Current ratio0.16below the sector's middle half0.13below the sector's middle half▼ 0.030.19below the sector's middle half▲ 0.060.19below the sector's middle half▼ 0.01
Return on assets (ROA)27.0%above the sector's middle half-76.5%below the sector's middle half▼ 103.5pp-53.9%below the sector's middle half▲ 22.6pp-15.4%below the sector's middle half▲ 38.5pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,882 in 2024 against €91,925 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €190,425
Fixed assets
€89,479 ▼ 2.8%
Current assets
€100,946 ▲ 5.6%
Key figures and ratios
EBITDA
€9,766▲
2023 · -€70,399
Cash flow
-€3,721▲
2023 · -€79,578
Quick ratio
0.16▲
2023 · 0.15
Debt to equity
-1.53▲
2023 · -1.57
Interest coverage
0.72▲
2023 · -7.67
Debt ≤ 1 year
€538,310▲
2023 · €495,284
Debt > 1 year
€10,242▼
2023 · €21,074
Staff costs
€576,722▲
2023 · €554,862
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €79,081 | €347,019 | €554,862 | €576,722 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,033 | €13,338 | €21,526 | €25,648 | ▲ 19.1% |
| Other operating charges640/8 | - | €49 | €5,599 | €10,047 | €11,760 | ▲ 17.0% |
| Non-recurring operating charges66A | - | - | €2,937 | - | - | - |
| Gross operating margin9900 | €5,785 | €92,613 | €271,089 | €494,510 | €598,248 | ▲ 21.0% |
| Operating profit (loss)9901 | €5,785 | €12,450 | -€97,804 | -€91,925 | -€15,882 | ▲ 82.7% |
| Financial income75/76B | - | €69 | €118 | €5 | €0 | ▼ 92.9% |
| Recurring financial income75 | - | €69 | €118 | €5 | €0 | ▼ 92.9% |
| Financial charges65/66B | - | €1,450 | €6,580 | €9,184 | €13,487 | ▲ 46.9% |
| Recurring financial charges65 | - | €1,450 | €6,580 | €9,184 | €13,487 | ▲ 46.9% |
| Profit (loss) for the period before taxes9903 | €5,785 | €11,070 | -€104,266 | -€101,104 | -€29,369 | ▲ 71.0% |
| Income taxes67/77 | - | €1,000 | - | - | - | - |
| Profit (loss) for the period9904 | €5,785 | €10,070 | -€104,266 | -€101,104 | -€29,369 | ▲ 71.0% |
| Profit (loss) for the period to be appropriated9905 | €5,785 | €10,070 | -€104,266 | -€101,104 | -€29,369 | ▲ 71.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | €37,272 | €136,292 | €187,599 | €190,425 | ▲ 1.5% |
| Fixed assets21/28 | - | €11,264 | €92,238 | €92,018 | €89,479 | ▼ 2.8% |
| Tangible fixed assets22/27 | - | €10,989 | €91,963 | €91,743 | €89,204 | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €9,860 | €38,503 | €28,563 | €28,604 | ▲ 0.1% |
| Furniture and vehicles24 | - | - | - | €6,890 | €5,041 | ▼ 26.8% |
| Leasing and similar rights25 | - | - | €9,341 | €6,633 | €3,925 | ▼ 40.8% |
| Other tangible fixed assets26 | - | €1,129 | €44,120 | €49,657 | €51,635 | ▲ 4.0% |
| Financial fixed assets28 | - | €275 | €275 | €275 | €275 | = |
| Current assets29/58 | - | €26,009 | €44,054 | €95,581 | €100,946 | ▲ 5.6% |
| Stocks and contracts in progress3 | - | - | €12,094 | €22,302 | €15,314 | ▼ 31.3% |
| Stocks30/36 | - | - | €12,094 | €22,302 | €15,314 | ▼ 31.3% |
| Amounts receivable within one year40/41 | - | €15,414 | €23,164 | €29,685 | €61,971 | ▲ 109% |
| Trade receivables40 | - | €1,716 | €14,112 | €29,603 | €61,792 | ▲ 109% |
| Other amounts receivable41 | - | €13,698 | €9,052 | €83 | €180 | ▲ 117% |
| Cash at bank and in hand54/58 | - | €10,013 | €6,746 | €39,478 | €19,582 | ▼ 50.4% |
| Deferred charges and accrued income490/1 | - | €581 | €2,050 | €4,116 | €4,078 | ▼ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | €37,272 | €136,292 | €187,599 | €190,425 | ▲ 1.5% |
| Equity10/15 | -€133,459 | -€123,389 | -€227,655 | -€328,759 | -€358,127 | ▼ 8.9% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €8,694 | €18,694 | €18,694 | €18,694 | €18,694 | = |
| Non-distributable reserves130/1 | - | €8,694 | €8,694 | €8,694 | €8,694 | = |
| Reserves not available under the articles1311 | - | €8,694 | €8,694 | €8,694 | €8,694 | = |
| Distributable reserves133 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€173,140 | -€173,070 | -€277,336 | -€378,440 | -€407,808 | ▼ 7.8% |
| Amounts payable17/49 | €133,459 | €160,661 | €363,947 | €516,357 | €548,552 | ▲ 6.2% |
| Amounts payable after more than one year17 | - | - | €31,633 | €21,074 | €10,242 | ▼ 51.4% |
| Financial debts170/4 | - | - | €31,633 | €21,074 | €10,242 | ▼ 51.4% |
| Amounts payable within one year42/48 | €133,459 | €160,661 | €332,314 | €495,284 | €538,310 | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | - | - | €10,059 | €10,322 | €10,832 | ▲ 4.9% |
| Trade debts44 | - | €13,634 | €101,644 | €239,358 | €283,319 | ▲ 18.4% |
| Suppliers440/4 | - | €13,634 | €101,644 | €239,358 | €283,319 | ▲ 18.4% |
| Taxes, remuneration and social security45 | - | €12,309 | €98,495 | €127,804 | €124,801 | ▼ 2.3% |
| Taxes450/3 | - | €971 | €27,516 | €56,104 | €59,969 | ▲ 6.9% |
| Remuneration and social security454/9 | - | €11,338 | €70,979 | €71,700 | €64,832 | ▼ 9.6% |
| Other amounts payable47/48 | - | €134,719 | €122,115 | €117,800 | €119,358 | ▲ 1.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,785 | €10,070 | -€104,266 | -€101,104 | -€29,369 | ▲ 71.0% |
| + Depreciation and write-downs630 | - | €1,033 | €13,338 | €21,526 | €25,648 | ▲ 19.1% |
| Operating cash flow (approximation) | €5,785 | €11,103 | -€90,928 | -€79,578 | -€3,721 | ▲ 95.3% |
| Investment in fixed assets (approximation) | - | - | -€94,312 | -€21,306 | -€23,109 | ▼ 8.5% |
| Change in cash | - | - | -€3,267 | €32,732 | -€19,896 | ▼ 161% |
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
2026
24-06
State Gazette act
General meeting · Registered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
2 facts ▸
- General meeting, 27-04-2026
- Registered-office move, Place de Montroeul 2, 7911 Montroeul au Bois (BE)
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 189 days late
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 200 days late
2022
31-12
Financial
Weakest financial yearnet -€104,266
Net result drops to -€104,266, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Highest result since 2020net €10,070 ▲74.1%
Operating result €12,450, net result €10,070, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
2015
04-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 35 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Frasnes-lez-Anvaing · 2 establishment units since 1992
Ground area
1.2 ha
Building footprint
431 m²
Volume, LiDAR
1,901 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rapid Services
since 19922.035.173.727
L'Etang des légendes
since 20222.330.191.408
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57055B0403/00B000 | Wallonia | 1.2 ha | 1 · 296 m² | 4.8 m · 1 fl. |
| 51017C0640/00R000 | Wallonia | 331 m² | 1 · 135 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesEllezelles2.035.173.727
Frasnes-lez-Anvaing2.330.191.408
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MAMAGRE
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Soignies
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-1988
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433363039
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.