RAPID SERVICES
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00535981.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 29 filings
Turnover
≈ €2.1m
Estimated: probably between €1.8m and €2.4m
Total assets
€129,136▼ 32.2%
2024 · €190,425
Net result
€68,611
2024 · -€29,369
Working capital
-€371,375▲ 15.1%
2024 · -€437,365
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€106,835
2025
20202025
Net result
€68,611
2025
highest quarter of the sector
20202025
Equity
-€289,517
▲ 19.2%
2025
lowest quarter of the sector
20202025
Total assets
€129,136
▼ 32.2%
2025
middle half of the sector
20202025
Debt
€418,653
▼ 23.7%
2025
20202025
Working capital
-€371,375
▲ 15.1%
2025
lowest quarter of the sector
20202025
Solvency
-224.2%
▼ 36.1pp
2025
lowest quarter of the sector
20202025
Current ratio
0.11
▼ 0.08
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
53.1%
▲ 68.6pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€5,785-€12,450▲ 115%-€97,804-€91,925▲ 6.0%-€15,882▲ 82.7%€106,835
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%€68,611above the sector's middle half
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%-€289,517below the sector's middle half▲ 19.2%
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%€129,136within the sector's middle half▼ 32.2%
Debt€133,459-€160,661▲ 20.4%€363,947▲ 127%€516,357▲ 41.9%€548,552▲ 6.2%€418,653▼ 23.7%
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%-€371,375below the sector's middle half▲ 15.1%
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-224.2%below the sector's middle half▼ 36.1pp
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▼ 0.010.11below the sector's middle half▼ 0.08
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▲ 38.5pp53.1%above the sector's middle half▲ 68.6pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €106,835, after a loss of €15,882 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,136
Fixed assets
€82,664 ▼ 7.6%
Current assets
€46,472 ▼ 54.0%
Equity and liabilities
Equity-€289,517
Debt€418,653
Equity is negative. Debt (€418,653) exceeds the balance-sheet total (€129,136).
Key figures and ratios
EBITDA
€130,958▲
2024 · €9,766
Cash flow
€92,734▲
2024 · -€3,721
Quick ratio
0.09▼
2024 · 0.16
Interest coverage
3.43▲
2024 · 0.72
Debt ≤ 1 year
€417,848▼
2024 · €538,310
Debt > 1 year
€805▼
2024 · €10,242
Staff costs
€709,879▲
2024 · €576,722
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,022 | €97,249 | €21,306 | €23,109 | €17,308 |
| Financial fixed assets | €275 | - | - | - | - |
| Depreciation and write-downs of the year | €1,033 | €13,338 | €21,526 | €25,648 | €24,123 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €79,081 | €347,019 | €554,862 | €576,722 | €709,879 | ▲ 23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,033 | €13,338 | €21,526 | €25,648 | €24,123 | ▼ 5.9% |
| Other operating charges640/8 | - | €49 | €5,599 | €10,047 | €11,760 | €15,981 | ▲ 35.9% |
| Non-recurring operating charges66A | - | - | €2,937 | - | - | - | - |
| Gross operating margin9900 | €5,785 | €92,613 | €271,089 | €494,510 | €598,248 | €856,818 | ▲ 43.2% |
| Operating profit (loss)9901 | €5,785 | €12,450 | -€97,804 | -€91,925 | -€15,882 | €106,835 | - |
| Financial income75/76B | - | €69 | €118 | €5 | €0 | €9 | ▲ 26× |
| Recurring financial income75 | - | €69 | €118 | €5 | €0 | €9 | ▲ 26× |
| Financial charges65/66B | - | €1,450 | €6,580 | €9,184 | €13,487 | €38,234 | ▲ 183% |
| Recurring financial charges65 | - | €1,450 | €6,580 | €9,184 | €13,487 | €38,234 | ▲ 183% |
| Profit (loss) for the period before taxes9903 | €5,785 | €11,070 | -€104,266 | -€101,104 | -€29,369 | €68,611 | - |
| Income taxes67/77 | - | €1,000 | - | - | - | - | - |
| Profit (loss) for the period9904 | €5,785 | €10,070 | -€104,266 | -€101,104 | -€29,369 | €68,611 | - |
| Profit (loss) for the period to be appropriated9905 | €5,785 | €10,070 | -€104,266 | -€101,104 | -€29,369 | €68,611 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | - | €37,272 | €136,292 | €187,599 | €190,425 | €129,136 | ▼ 32.2% |
| Fixed assets21/28 | - | €11,264 | €92,238 | €92,018 | €89,479 | €82,664 | ▼ 7.6% |
| Tangible fixed assets22/27 | - | €10,989 | €91,963 | €91,743 | €89,204 | €82,389 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €9,860 | €38,503 | €28,563 | €28,604 | €17,060 | ▼ 40.4% |
| Furniture and vehicles24 | - | - | - | €6,890 | €5,041 | €3,192 | ▼ 36.7% |
| Leasing and similar rights25 | - | - | €9,341 | €6,633 | €3,925 | €11,938 | ▲ 204% |
| Other tangible fixed assets26 | - | €1,129 | €44,120 | €49,657 | €51,635 | €50,200 | ▼ 2.8% |
| Financial fixed assets28 | - | €275 | €275 | €275 | €275 | €275 | = |
| Current assets29/58 | - | €26,009 | €44,054 | €95,581 | €100,946 | €46,472 | ▼ 54.0% |
| Stocks and contracts in progress3 | - | - | €12,094 | €22,302 | €15,314 | €9,732 | ▼ 36.5% |
| Stocks30/36 | - | - | €12,094 | €22,302 | €15,314 | €9,732 | ▼ 36.5% |
| Amounts receivable within one year40/41 | - | €15,414 | €23,164 | €29,685 | €61,971 | €9,944 | ▼ 84.0% |
| Trade receivables40 | - | €1,716 | €14,112 | €29,603 | €61,792 | €9,944 | ▼ 83.9% |
| Other amounts receivable41 | - | €13,698 | €9,052 | €83 | €180 | - | - |
| Cash at bank and in hand54/58 | - | €10,013 | €6,746 | €39,478 | €19,582 | €25,423 | ▲ 29.8% |
| Deferred charges and accrued income490/1 | - | €581 | €2,050 | €4,116 | €4,078 | €1,375 | ▼ 66.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | - | €37,272 | €136,292 | €187,599 | €190,425 | €129,136 | ▼ 32.2% |
| Equity10/15 | -€133,459 | -€123,389 | -€227,655 | -€328,759 | -€358,127 | -€289,517 | ▲ 19.2% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €8,694 | €18,694 | €18,694 | €18,694 | €18,694 | €18,694 | = |
| Non-distributable reserves130/1 | - | €8,694 | €8,694 | €8,694 | €8,694 | €8,694 | = |
| Reserves not available under the articles1311 | - | €8,694 | €8,694 | €8,694 | €8,694 | €8,694 | = |
| Distributable reserves133 | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€173,140 | -€173,070 | -€277,336 | -€378,440 | -€407,808 | -€339,198 | ▲ 16.8% |
| Amounts payable17/49 | €133,459 | €160,661 | €363,947 | €516,357 | €548,552 | €418,653 | ▼ 23.7% |
| Amounts payable after more than one year17 | - | - | €31,633 | €21,074 | €10,242 | €805 | ▼ 92.1% |
| Financial debts170/4 | - | - | €31,633 | €21,074 | €10,242 | €805 | ▼ 92.1% |
| Amounts payable within one year42/48 | €133,459 | €160,661 | €332,314 | €495,284 | €538,310 | €417,848 | ▼ 22.4% |
| Current portion of amounts payable after more than one year42 | - | - | €10,059 | €10,322 | €10,832 | €9,436 | ▼ 12.9% |
| Trade debts44 | - | €13,634 | €101,644 | €239,358 | €283,319 | €218,406 | ▼ 22.9% |
| Suppliers440/4 | - | €13,634 | €101,644 | €239,358 | €283,319 | €218,406 | ▼ 22.9% |
| Taxes, remuneration and social security45 | - | €12,309 | €98,495 | €127,804 | €124,801 | €122,581 | ▼ 1.8% |
| Taxes450/3 | - | €971 | €27,516 | €56,104 | €59,969 | €53,250 | ▼ 11.2% |
| Remuneration and social security454/9 | - | €11,338 | €70,979 | €71,700 | €64,832 | €69,331 | ▲ 6.9% |
| Other amounts payable47/48 | - | €134,719 | €122,115 | €117,800 | €119,358 | €67,424 | ▼ 43.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,785 | €10,070 | -€104,266 | -€101,104 | -€29,369 | €68,611 | - |
| + Depreciation and write-downs630 | - | €1,033 | €13,338 | €21,526 | €25,648 | €24,123 | ▼ 5.9% |
| Operating cash flow (approximation) | €5,785 | €11,103 | -€90,928 | -€79,578 | -€3,721 | €92,734 | - |
| Investment in fixed assets (approximation) | - | - | -€94,312 | -€21,306 | -€23,109 | -€17,308 | ▲ 25.1% |
| Change in cash | - | - | -€3,267 | €32,732 | -€19,896 | €5,840 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as RAPID SERVICES has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
91.5%
was still going
5.3%
stopped otherwise
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RAPID SERVICES itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,794 companies, not a prediction for RAPID SERVICES. 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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00535981 | |
| 31-12-2024 | micro format | 05-02-2026 | 2026-00033479 | |
| 31-12-2023 | micro format | 23-12-2024 | 2024-00622964 | |
| 31-12-2022 | micro format | 16-02-2024 | 2024-00030926 | |
| 31-12-2021 | micro format | 31-12-2022 | 2022-20550543 | |
| 31-12-2020 | micro format | 02-08-2021 | 2021-44900010 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-54900163 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-47000438 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-49000046 | |
| 31-12-2014 | full format | 04-09-2015 | 2015-57200112 |