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RAPIRA ENGINEERING

Active
Private limited companyfounded 20214 yrs activeMarius Renardlaan 27, 1070 Anderlecht, BelgiumKBO/BCE: BE 0777.532.697
Summary

The computed 12-month bankruptcy probability of RAPIRA ENGINEERING is 5.0% (elevated). The 2025 annual accounts show equity of €14,270 and a net result of -€1,384. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 28184 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability24▼-4
Solvency82▲+32
Growth32=
Track record94
Bankruptcy probability, 12 months
5.0% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.34 against 1.33 in 2024; short-term debt: 42.8% and cash: 0.5% of total assets), and 42.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
57.2%
Return on assets
-5.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
on the day
2024
22 d late
2023
30 d late
2022
84 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

RAPIRA ENGINEERING was incorporated on 19 November 2021 as a Private limited company.1 Total assets fell from EUR 60,285 in 2022 to EUR 24,928 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€14,270▼ 8.8%
2024 · €15,654
Total assets
€24,928▼ 60.8%
2024 · €63,551
Net result
-€1,384▲ 41.2%
2024 · -€2,355
Working capital
€14,270▼ 8.8%
2024 · €15,654
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€24,244--€2,614€6,438-€1,256
Net result€17,746--€2,737-€2,355▲ 14.0%-€1,384▲ 41.2%
Equity€20,746-€18,009▼ 13.2%€15,654▼ 13.1%€14,270▼ 8.8%
Total assets€60,285-€51,384▼ 14.8%€63,551▲ 23.7%€24,928▼ 60.8%
Debt€39,540-€33,376▼ 15.6%€47,897▲ 43.5%€10,658▼ 77.7%
Working capital€20,746-€18,009▼ 13.2%€15,654▼ 13.1%€14,270▼ 8.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2022: €24,244€24,244Net result 2022: €17,746€17,746Operating result 2023: -€2,614-€2,614Net result 2023: -€2,737-€2,737Operating result 2024: €6,438€6,438Net result 2024: -€2,355-€2,355Operating result 2025: -€1,256-€1,256Net result 2025: -€1,384-€1,3842022202320242025-€5,000-€2,500€0€2,500€5,000€7,500Operating result 2023: -€2,614-€2,610Net result 2023: -€2,737-€2,740Operating result 2024: €6,438€6,440Net result 2024: -€2,355-€2,350Operating result 2025: -€1,256-€1,260Net result 2025: -€1,384-€1,380202320242025
The operating result turns negative in 2025: a loss of €1,256 after €6,438 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €24,928
Equity €14,270 ▼ 8.8%
Debt €10,658 ▼ 77.7%
Debt's share of the balance-sheet total falls from 75.4% to 42.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.34▲
2024 · 1.33
Quick ratio
1.59▲
2024 · 1.23
Debt to equity
0.75▼
2024 · 3.06
ROE
-9.7%▲
2024 · -15.0%
ROA
-5.6%▼
2024 · -3.7%
Debt ≤ 1 year
€10,658▼
2024 · €47,897
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,151 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
5.9% stopped otherwise
91% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 2,151 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€63,551€24,928▼
Current assets29/58€63,551€24,928▼
Stocks and contracts in progress3€4,646€8,028▲
Stocks30/36€4,646€8,028▲
Amounts receivable within one year40/41€50,853€16,785▼
Trade receivables40€48,638€16,051▼
Other amounts receivable41€2,215€734▼
Cash at bank and in hand54/58€8,052€115▼
Equity and liabilities
Total equity and liabilities10/49€63,551€24,928▼
Equity10/15€15,654€14,270▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€12,654€11,270▼
Amounts payable17/49€47,897€10,658▼
Amounts payable within one year42/48€47,897€10,658▼
Trade debts44€14,294€3,673▼
Suppliers440/4€14,294€3,673▼
Advances received on contracts in progress46€19,918-
Taxes, remuneration and social security45€836€2,036▲
Taxes450/3€836€836=
Remuneration and social security454/9-€1,200
Other amounts payable47/48€12,849€4,948▼
Income statement Code20242025
Gross operating margin9900€6,438-€1,256▼
Operating profit (loss)9901€6,438-€1,256▼
Financial charges65/66B€136€128▼
Recurring financial charges65€136€128▼
Profit (loss) for the period before taxes9903€6,302-€1,384▼
Income taxes67/77€8,657-
Profit (loss) for the period9904-€2,355-€1,384▲
Profit (loss) for the period to be appropriated9905-€2,355-€1,384▲
Appropriation of the result
Profit (loss) to be appropriated9906€12,654€11,270▼
Profit (loss) brought forward from the previous period14P€15,009€12,654▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8€1,043----
Gross operating margin9900€25,286-€2,614€6,438-€1,256▼ 120%
Operating profit (loss)9901€24,244-€2,614€6,438-€1,256▼ 120%
Financial charges65/66B€135€124€136€128▼ 5.6%
Recurring financial charges65€135€124€136€128▼ 5.6%
Profit (loss) for the period before taxes9903€24,109-€2,737€6,302-€1,384▼ 122%
Income taxes67/77€6,363-€8,657--
Profit (loss) for the period9904€17,746-€2,737-€2,355-€1,384▲ 41.2%
Profit (loss) for the period to be appropriated9905€17,746-€2,737-€2,355-€1,384▲ 41.2%
Line2022202320242025Change
Assets
Total assets20/58€60,285€51,384€63,551€24,928▼ 60.8%
Current assets29/58€60,285€51,384€63,551€24,928▼ 60.8%
Stocks and contracts in progress3-€10,886€4,646€8,028▲ 72.8%
Stocks30/36-€10,886€4,646€8,028▲ 72.8%
Amounts receivable within one year40/41€50,970€38,360€50,853€16,785▼ 67.0%
Trade receivables40€50,045€33,753€48,638€16,051▼ 67.0%
Other amounts receivable41€926€4,606€2,215€734▼ 66.8%
Cash at bank and in hand54/58€9,315€2,139€8,052€115▼ 98.6%
Equity and liabilities
Total equity and liabilities10/49€60,285€51,384€63,551€24,928▼ 60.8%
Equity10/15€20,746€18,009€15,654€14,270▼ 8.8%
Contributions10/11€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14€17,746€15,009€12,654€11,270▼ 10.9%
Amounts payable17/49€39,540€33,376€47,897€10,658▼ 77.7%
Amounts payable within one year42/48€39,540€33,376€47,897€10,658▼ 77.7%
Trade debts44€12,739€23,849€14,294€3,673▼ 74.3%
Suppliers440/4€12,739€23,849€14,294€3,673▼ 74.3%
Advances received on contracts in progress46--€19,918--
Taxes, remuneration and social security45€9,363-€836€2,036▲ 143%
Taxes450/3€6,363-€836€836=
Remuneration and social security454/9€3,000--€1,200-
Other amounts payable47/48€17,437€9,527€12,849€4,948▼ 61.5%
Line2022202320242025Change
Profit (loss) for the period9904€17,746-€2,737-€2,355-€1,384▲ 41.2%
Operating cash flow (approximation)€17,746-€2,737-€2,355-€1,384▲ 41.2%
Change in cash--€7,176€5,913-€7,938▼ 234%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
22-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€2,737
Net result drops to -€2,737, the lowest in the series; recovery starts the following year.
23-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
8,177 m²
Building footprint
999 m²
Volume, LiDAR
82,085 m³
Parcel 21308H0354/00Z000, Brussels · tallest building 88.6 m, ±28 floors. Linked by address, not a title deed.
49 companies at this address See who is registered here
1 establishment unit
RAPIRA ENGINEERING
Marius Renardlaan 27, 1070 AnderlechtManufacture of rubber and plastic products
since 20212.327.164.909
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21308H0354/00Z000 Brussels 8,177 m² 1 · 999 m² 88.6 m · 28 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 7,300 companies in sector 43350 we hold annual accounts for 2,361. 1,609 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded19-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43110Demolition
43120Site preparation
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0777532697
Also 9925:BE0777532697
Registered 19-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.