RAPSODE
ActiveSummary
RAPSODE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.14M and a net result of €493k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
The notes to these accounts (92 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €6.34M | €6.83M | €7.30M | €7.42M | €7.58M | ▲ 2.1% |
| Turnover70 | €5.74M | €6.41M | €6.83M | €6.99M | €7.18M | ▲ 2.7% |
| Other operating income74 | €222k | €27k | €75k | €47k | €15k | ▼ 67.8% |
| Non-recurring operating income76A | €386k | €394k | €394k | €386k | €387k | ▲ 0.1% |
| Operating charges60/66A | €5.30M | €5.86M | €6.25M | €6.37M | €6.34M | ▼ 0.4% |
| Goods for resale, raw materials and consumables60 | €442k | €493k | €530k | €503k | €526k | ▲ 4.6% |
| Purchases600/8 | €442k | €493k | €530k | €503k | €526k | ▲ 4.6% |
| Services and other goods61 | €685k | €808k | €773k | €789k | €813k | ▲ 3.0% |
| Remuneration, social security and pensions62 | €3.49M | €3.86M | €4.20M | €4.34M | €4.26M | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €638k | €649k | €659k | €663k | €677k | ▲ 2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | €0 | €5k | €-7k | ▼ 238% |
| Other operating charges640/8 | €45k | €47k | €53k | €63k | €75k | ▲ 18.2% |
| Non-recurring operating charges66A | - | - | €37k | €0 | - | - |
| Operating profit (loss)9901 | €1.04M | €972k | €1.05M | €1.06M | €1.24M | ▲ 17.1% |
| Financial income75/76B | €6k | €8k | €8k | €8k | €10k | ▲ 29.7% |
| Recurring financial income75 | €6k | €8k | €8k | €8k | €10k | ▲ 29.7% |
| Income from current assets751 | €6k | €8k | €8k | €8k | €10k | ▲ 29.7% |
| Other financial income752/9 | €1 | €0 | €0 | €0 | - | - |
| Financial charges65/66B | €692k | €687k | €684k | €671k | €657k | ▼ 2.0% |
| Recurring financial charges65 | €692k | €687k | €684k | €671k | €657k | ▼ 2.0% |
| Debt charges650 | €692k | €685k | €683k | €670k | €656k | ▼ 2.0% |
| Other financial charges652/9 | €847 | €2k | €995 | €947 | €999 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | €357k | €293k | €375k | €394k | €591k | ▲ 50.0% |
| Transfer from deferred taxes780 | €8k | €222k | €0 | - | - | - |
| Income taxes67/77 | €62k | €269k | €52k | €49k | €98k | ▲ 99.2% |
| Taxes670/3 | €62k | €269k | €57k | €66k | €98k | ▲ 47.9% |
| Tax adjustments and reversals of tax provisions77 | - | €530 | €6k | €17k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €303k | €246k | €323k | €345k | €493k | ▲ 43.0% |
| Transfer from tax-exempt reserves789 | €24k | €665k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €327k | €911k | €323k | €345k | €493k | ▲ 43.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31.25M | €30.67M | €30.27M | €29.33M | €29.03M | ▼ 1.0% |
| Fixed assets21/28 | €29.71M | €29.27M | €28.72M | €28.09M | €27.52M | ▼ 2.0% |
| Intangible fixed assets21 | €2k | €262 | €0 | - | €548 | - |
| Tangible fixed assets22/27 | €14.08M | €13.64M | €13.08M | €12.46M | €11.89M | ▼ 4.6% |
| Plant, machinery and equipment23 | €106k | €97k | €84k | €81k | €86k | ▲ 6.4% |
| Furniture and vehicles24 | €46k | €56k | €95k | €91k | €99k | ▲ 9.1% |
| Leasing and similar rights25 | €13.79M | €13.21M | €12.62M | €12.04M | €11.49M | ▼ 4.6% |
| Other tangible fixed assets26 | €131k | €278k | €281k | €246k | €213k | ▼ 13.3% |
| Financial fixed assets28 | €15.63M | €15.63M | €15.63M | €15.63M | €15.63M | = |
| Affiliated companies280/1 | €15.63M | €15.63M | €15.63M | €15.63M | €15.63M | = |
| Participating interests280 | €15.63M | €15.63M | €15.63M | €15.63M | €15.63M | = |
| Other financial fixed assets284/8 | €620 | €620 | €620 | €620 | €620 | = |
| Amounts receivable and cash guarantees285/8 | €620 | €620 | €620 | €620 | €620 | = |
| Current assets29/58 | €1.54M | €1.40M | €1.55M | €1.24M | €1.51M | ▲ 21.3% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.03M | €990k | €991k | €965k | €1.17M | ▲ 20.8% |
| Trade receivables40 | €435k | €456k | €498k | €510k | €485k | ▼ 4.9% |
| Other amounts receivable41 | €599k | €534k | €493k | €455k | €681k | ▲ 49.7% |
| Cash at bank and in hand54/58 | €392k | €280k | €374k | €196k | €256k | ▲ 30.4% |
| Deferred charges and accrued income490/1 | €110k | €126k | €187k | €81k | €85k | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31.25M | €30.67M | €30.27M | €29.33M | €29.03M | ▼ 1.0% |
| Equity10/15 | €4.36M | €4.38M | €4.59M | €4.82M | €5.14M | ▲ 6.6% |
| Contributions10/11 | €347k | €347k | €347k | €347k | €347k | = |
| Capital10 | €347k | €347k | €347k | €347k | €347k | = |
| Issued capital100 | €347k | €347k | €347k | €347k | €347k | = |
| Reserves13 | €700k | €35k | €35k | €35k | €35k | = |
| Non-distributable reserves130/1 | €35k | €35k | €35k | €35k | €35k | = |
| Legal reserve130 | €35k | €35k | €35k | €35k | €35k | = |
| Tax-exempt reserves132 | €665k | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €3.32M | €4.00M | €4.21M | €4.44M | €4.75M | ▲ 7.1% |
| Provisions and deferred taxes16 | €222k | €0 | - | - | - | - |
| Deferred taxes168 | €222k | €0 | - | - | - | - |
| Amounts payable17/49 | €26.66M | €26.29M | €25.68M | €24.51M | €23.89M | ▼ 2.5% |
| Amounts payable after more than one year17 | €14.85M | €14.83M | €14.58M | €14.28M | €13.98M | ▼ 2.1% |
| Financial debts170/4 | €14.85M | €14.83M | €14.58M | €14.28M | €13.98M | ▼ 2.1% |
| Leasing and similar obligations172 | €14.82M | €14.60M | €14.35M | €14.09M | €13.83M | ▼ 1.9% |
| Credit institutions173 | €37k | €233k | €224k | €185k | €144k | ▼ 21.8% |
| Amounts payable within one year42/48 | €2.67M | €2.64M | €2.60M | €2.13M | €2.12M | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | €233k | €248k | €281k | €300k | €339k | ▲ 12.8% |
| Financial debts43 | €271k | €71k | €287k | €291k | €275k | ▼ 5.5% |
| Credit institutions430/8 | €271k | €71k | €287k | €291k | €275k | ▼ 5.5% |
| Trade debts44 | €140k | €160k | €214k | €184k | €219k | ▲ 19.3% |
| Suppliers440/4 | €140k | €160k | €214k | €184k | €219k | ▲ 19.3% |
| Taxes, remuneration and social security45 | €693k | €823k | €825k | €498k | €517k | ▲ 3.8% |
| Taxes450/3 | €77k | €115k | €38k | €30k | €32k | ▲ 5.7% |
| Remuneration and social security454/9 | €616k | €708k | €787k | €468k | €485k | ▲ 3.7% |
| Other amounts payable47/48 | €1.34M | €1.34M | €997k | €856k | €770k | ▼ 10.1% |
| Accrued charges and deferred income492/3 | €9.14M | €8.82M | €8.49M | €8.10M | €7.80M | ▼ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €303k | €246k | €323k | €345k | €493k | ▲ 43.0% |
| + Depreciation and write-downs630 | €638k | €649k | €659k | €663k | €677k | ▲ 2.1% |
| Operating cash flow (approximation) | €940k | €895k | €982k | €1.01M | €1.17M | ▲ 16.1% |
| Investment in fixed assets (approximation) | - | €-210k | €-102k | €-35k | €-110k | ▼ 215% |
| Change in cash | - | €-112k | €94k | €-178k | €60k | ▲ 133% |
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
27-08
State Gazette act
Appointment: Valérie Anne Fraylich (director)Resignations: Jean-Claude Demeuse (director) and Guillaume Raoux (director) · Reappointment: Forvis Mazars Réviseurs d’Entreprises SRL (statutory auditor)8 facts ▸
- General meeting, 07-05-2026
- Board meeting, 07-05-2026
- Director appointment, Valérie Anne Fraylich (director)
- Director resignation, Jean-Claude Demeuse (director)
- Director resignation, Guillaume Raoux (director)
- Auditor reappointment, Forvis Mazars Réviseurs d’Entreprises SRL
- Director appointment, Valérie Anne Fraylich (day-to-day manager)
- Director resignation, Jean-Claude Demeuse (managing director)
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57013A0392/00X000 | Wallonia | 1.4 ha | 2 · 2,549 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Statutory auditor
1 auditor| Forvis Mazars Réviseurs d’EntreprisesCurrent Auditor | 07-05-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
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