REDAPKE
ActiveSummary
The computed 12-month bankruptcy probability of REDAPKE is 2.7% (moderate). The 2024 annual accounts show negative equity (-€10,960) and a net result of €1,699. Equity is shrinking by ~62.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 26040 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+72
Solvency9▲+2
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.84 in 2023; short-term debt: 116.3% and cash: 8.5% of total assets), and equity is negative.
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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 dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-16.3%
Return on assets
2.5%
Age of the figures
21 mo
raises risk · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 26040 sector peers (2024).
NBB · sector comparisonPosition among 26040 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
5 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 20 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€10,960▲ 13.4%
2023 · -€12,658
Total assets
€67,082▼ 6.9%
2023 · €72,068
Net result
€1,699
2023 · -€15,318
Working capital
-€11,410▲ 17.0%
2023 · -€13,752
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
Line202220232024
Operating result€200--€15,042€2,175
Net result€160--€15,318€1,699
Equity€2,660--€12,658-€10,960▲ 13.4%
Total assets€80,754-€72,068▼ 10.8%€67,082▼ 6.9%
Debt€78,094-€84,726▲ 8.5%€78,042▼ 7.9%
Working capital€827--€13,752-€11,410▲ 17.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2,175 after a loss of €15,042 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67,082
Fixed assets
€450 ▼ 58.9%
Current assets
€66,632 ▼ 6.1%
Key figures and ratios
EBITDA
€2,819▲
2023 · -€14,303
Cash flow
€2,342▲
2023 · -€14,579
Solvency
-16.3%▲
2023 · -17.6%
Current ratio
0.85▲
2023 · 0.84
Quick ratio
0.07▼
2023 · 0.28
Debt to equity
-7.12▼
2023 · -6.69
ROA
2.5%▲
2023 · -21.3%
Interest coverage
8.08▲
2023 · -229.81
Debt ≤ 1 year
€78,042▼
2023 · €84,726
Income taxes
€128▼
2023 · €191
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
5.9%
went bankrupt
3.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% over twelve months; the group does not contradict it.
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%.
| 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 908 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
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €155 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €834 | €739 | €644 | ▼ 12.9% |
| Other operating charges640/8 | €141 | €0 | €132 | - |
| Gross operating margin9900 | €1,175 | -€14,303 | €2,951 | ▲ 121% |
| Operating profit (loss)9901 | €200 | -€15,042 | €2,175 | ▲ 114% |
| Financial income75/76B | - | €1 | €0 | ▼ 100% |
| Recurring financial income75 | - | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €0 | €86 | €349 | ▲ 307% |
| Recurring financial charges65 | €0 | €62 | €349 | ▲ 460% |
| Non-recurring financial charges66B | - | €23 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €200 | -€15,127 | €1,827 | ▲ 112% |
| Income taxes67/77 | €40 | €191 | €128 | ▼ 33.0% |
| Profit (loss) for the period9904 | €160 | -€15,318 | €1,699 | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €160 | -€15,318 | €1,699 | ▲ 111% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €80,754 | €72,068 | €67,082 | ▼ 6.9% |
| Fixed assets21/28 | €1,833 | €1,094 | €450 | ▼ 58.9% |
| Tangible fixed assets22/27 | €1,383 | €644 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,383 | €644 | €0 | ▼ 100% |
| Financial fixed assets28 | €450 | €450 | €450 | = |
| Current assets29/58 | €78,921 | €70,974 | €66,632 | ▼ 6.1% |
| Stocks and contracts in progress3 | €45,400 | €47,600 | €60,875 | ▲ 27.9% |
| Stocks30/36 | €45,400 | €47,600 | €60,875 | ▲ 27.9% |
| Amounts receivable within one year40/41 | €4,256 | €11,032 | €70 | ▼ 99.4% |
| Trade receivables40 | €3,713 | €10,488 | €70 | ▼ 99.3% |
| Other amounts receivable41 | €543 | €544 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €28,731 | €12,342 | €5,687 | ▼ 53.9% |
| Deferred charges and accrued income490/1 | €534 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €80,754 | €72,068 | €67,082 | ▼ 6.9% |
| Equity10/15 | €2,660 | -€12,658 | -€10,960 | ▲ 13.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €160 | -€15,158 | -€13,460 | ▲ 11.2% |
| Amounts payable17/49 | €78,094 | €84,726 | €78,042 | ▼ 7.9% |
| Amounts payable within one year42/48 | €78,094 | €84,726 | €78,042 | ▼ 7.9% |
| Trade debts44 | €6,009 | €7,014 | €3,407 | ▼ 51.4% |
| Suppliers440/4 | €6,009 | €7,014 | €3,407 | ▼ 51.4% |
| Taxes, remuneration and social security45 | €1,944 | €5,660 | €2,577 | ▼ 54.5% |
| Taxes450/3 | €1,944 | €5,660 | €2,577 | ▼ 54.5% |
| Other amounts payable47/48 | €70,140 | €72,052 | €72,058 | = |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €160 | -€15,318 | €1,699 | ▲ 111% |
| + Depreciation and write-downs630 | €834 | €739 | €644 | ▼ 12.9% |
| Operating cash flow (approximation) | €994 | -€14,579 | €2,342 | ▲ 116% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€16,389 | -€6,655 | ▲ 59.4% |
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
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €1,699
Net result €1,699 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Weakest financial yearnet -€15,318
Net result drops to -€15,318, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 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, Gent · 1 establishment unit since 2021
Ground area
2,673 m²
Building footprint
328 m²
Volume, LiDAR
1,600 m³
Parcel 44362B0190/00A003, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
REDAPKE
since 20212.319.424.903
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0190/00A003 | Flanders | 2,673 m² | 1 · 328 m² | 11.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,275 EUR awarded · 1,275 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 495 EUR | 548 EUR |
| 2022 | 1 | 780 EUR | 727 EUR |
Similar companies · same sector, comparable size
SARWAN
BE 0840.613.084
Lille · Eq €2,663
D.J.Z. GROUP
BE 0802.792.784
Schaarbeek · Eq €2,678
F & F Textiel
BE 0695.414.972
Zelzate · Eq €2,693
MONMALIS
BE 0462.786.010
Brussel · Eq €2,694
POSH TRENDS
BE 0824.714.190
Middelkerke · Eq €2,739
Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. 643 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
Founded06-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
85510Sports and recreation education
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767902181
Also
9925:BE0767902181
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.