RAPIN & CO

Active

Private limited companyfounded 200817 yrs activeRue Trieux-des-Gouttes, Emines 23, 5080 La Bruyère, BelgiumKBO/BCE: BE 0807.538.856

RAPIN & CO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.63M and a net result of €-6k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 6591 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Watch Print / PDF

Checked score

Score 2024

45 / 100

Fair▼ -16 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-25

Solvency88▲+1

Growth52=

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €75k at 30 days acceptable

Liquidity ample (current ratio 1.85 against 1.83 in 2023), but 54% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

46%

Return on assets

-0.2%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

13 d late

2023

25 d late

2022

29 d late

2021

61 d late

2020

88 d late

2019

97 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-6k

2023 · €81k

2021: €143k 2022: €135k 2023: €81k

2021 → 2024

Working capital

€1.63M▼ 0.4%

2023 · €1.63M

2021: €1.42M 2022: €1.55M 2023: €1.63M

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€1.42M-€1.55M▲ 9.5%€1.63M▲ 5.2%€1.63M▼ 0.4%

Operating result€282k-€197k▼ 30.2%€130k▼ 34.2%€5k▼ 96.4%

Net result€143k-€135k▼ 6.0%€81k▼ 39.8%€-6k

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 96% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €3.54M

46.0%

54.0%

Equity €1.63M▼ 0.4%

Debt €1.92M▼ 2.9%

The debt ratio falls from 54.7% to 54.0%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

Solvency

46.0%▲

2023 · 45.3%

Current ratio

1.85▲

2023 · 1.83

Quick ratio

0.40▲

2023 · 0.20

Debt / equity

1.18▼

2023 · 1.21

ROE

-0.4%▼

2023 · 5.0%

ROA

-0.2%▼

2023 · 2.2%

Debt

€1.92M▼

2023 · €1.97M

Debt ≤ 1 year

€1.92M▼

2023 · €1.97M

Income taxes

€2k▼

2023 · €42k

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 · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€3.61M€3.54M▼

Current assets 29/58€3.61M€3.54M▼

Stocks & contracts in progress 3€3.21M€2.77M▼

Amounts receivable within one year 40/41€388k€756k▲

Cash & bank 54/58€3k€18k▲

Total equity & liabilities 10/49€3.61M€3.54M▼

Equity 10/15€1.63M€1.63M▼

Contributions / capital 10/11€12k€12k=

Reserves 13€765k€765k=

Accumulated profits (losses) 14€857k€851k▼

Amounts payable 17/49€1.97M€1.92M▼

Amounts payable within one year 42/48€1.97M€1.92M▼

Trade debts payable within one year 44€460k€52k▼

Income statement Code20232024

Gross operating margin 9900€131k€199k▲

Operating result 9901€130k€5k▼

Financial income 75€120€541▲

Financial charges 65€6k€9k▲

Result before taxes 9903€123k€-4k▼

Income taxes 67/77€42k€2k▼

Net result for the period 9904€81k€-6k▼

Result to be appropriated 9905€81k€-6k▼

Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2025

13-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 13 days late

2024

31-12

Financial Weakest financial yearnet €-6k ▼107%

Net result drops to €-6k, the lowest in the series.

25-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 25 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 29 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 61 days late

2021

27-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 88 days late

2020

05-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 97 days late

2019

26-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 57 days late

2018

24-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 55 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

2016

23-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 54 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.