Checked.be
Active
BE 0807.538.856Private limited company
RAPIN & CO
Rue Trieux-des-Gouttes, Emines 23 ·5080 La Bruyère, Belgium· 17 yrs active
Sector: Retail sale of antiques
(47791)
Conclusion
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).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.63M |
| Net result | €-6k |
| Better than sector | 65% |
| Active | 17 yrs |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
45
Profitability
0
Solvency
88
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
45
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€75k
estimate, not credit advice
Score history
68
2021
61
2022
61
2023
45
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.85 (≥ 1.5)
+10
Quick ratio
Quick ratio 0.40 (< 0.6)
-5
Leverage
Debt/equity 1.18 (< 2.0)
+3
Profitability
Negatieve ROE 0%
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 13-08-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 46.0% | 32.5% | |
| Net result | €-6k | €32k | |
| Equity | €1.63M | €299k | |
| Gross operating margin | €199k | €265k | |
| Total assets | €3.54M | €980k |
€-6k
-
21-24
€3.54M
-1.8%
21-24
€1.63M
-0.4%
21-24
€1.63M
-0.4%
21-24
€2k
-95.2%
21-24
€1.92M
-2.9%
21-24
€1.92M
-2.9%
21-24
1.85
+1.2%
21-24
0.40
+103.4%
21-24
46.0%
+1.4%
21-24
1.18
-2.6%
21-24
-0.4%
-
21-24
-0.2%
-
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | €-6k | €81k | €135k | €143k |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | €2k | €42k | €57k | €132k |
| Dividends | - | - | - | - |
| Total assets | €3.54M | €3.61M | €3.65M | €3.57M |
| Equity | €1.63M | €1.63M | €1.55M | €1.42M |
| Debt | €1.92M | €1.97M | €2.09M | €2.15M |
| of which ≤ 1y | €1.92M | €1.97M | €2.09M | €2.15M |
| of which > 1y | - | - | - | - |
| Working capital | €1.63M | €1.63M | €1.55M | €1.42M |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.85 | 1.83 | 1.74 | 1.66 |
| Quick ratio | 0.40 | 0.20 | 0.15 | 0.16 |
| Working capital ratio | 46.0% | 45.3% | 42.6% | 39.7% |
| Solvency | 46.0% | 45.3% | 42.6% | 39.7% |
| Debt / equity | 1.18 | 1.21 | 1.35 | 1.52 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.2% | 2.2% | 3.7% | 4.0% |
| ROE | -0.4% | 5.0% | 8.7% | 10.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €3.54M | €3.61M | €3.65M | €3.57M |
| Current assets | 29/58 | €3.54M | €3.61M | €3.65M | €3.57M |
| Stocks & contracts in progress | 3 | €2.77M | €3.21M | €3.33M | €3.23M |
| Amounts receivable within one year | 40/41 | €756k | €388k | €314k | €328k |
| Cash & bank | 54/58 | €18k | €3k | €5k | €15k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.54M | €3.61M | €3.65M | €3.57M |
| Equity | 10/15 | €1.63M | €1.63M | €1.55M | €1.42M |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €765k | €765k | €686k | €636k |
| Accumulated profits (losses) | 14 | €851k | €857k | €855k | €770k |
| Amounts payable | 17/49 | €1.92M | €1.97M | €2.09M | €2.15M |
| Amounts payable within one year | 42/48 | €1.92M | €1.97M | €2.09M | €2.15M |
| Trade debts payable within one year | 44 | €52k | €460k | €614k | €511k |
| Income statement | |||||
| Gross operating margin | 9900 | €199k | €131k | €205k | €401k |
| Operating result | 9901 | €5k | €130k | €197k | €282k |
| Financial income | 75 | €541 | €120 | €1 | €180 |
| Financial charges | 65 | €9k | €6k | €5k | €7k |
| Result before taxes | 9903 | €-4k | €123k | €192k | €276k |
| Income taxes | 67/77 | €2k | €42k | €57k | €132k |
| Net result for the period | 9904 | €-6k | €81k | €135k | €143k |
| Result to be appropriated | 9905 | €-6k | €81k | €135k | €143k |
Legal Structure
| NACE primary | Retail sale of antiques(47791) |
| Legal form | Private limited company(610) |
| Incorporation | 03-11-2008 |
| Status | Active |
| Postal code | 5080 |
Establishment units
RAPIN & CO
since 20082.174.618.254
Updates
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.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Retail sale of antiques47791Agents specialised in the wholesale of other particular products46180Organisation of conventions and trade shows82300
Names & trade names
| Legal nameFR | RAPIN & CO |
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