Equity
€21,796 from €83,893 in 2023
Equity fell by 74% in 2 years.
RPGE
Lifetime
7 annual accounts with figures on one time axispeak €239,958 (2025)
€239,958▲ 48.8%
peak €184,390 (2025)
€184,390▲ 48.7%
peak €83,893 (2023)
€21,796▲ 15.3%
€209,093▲ 42.5%
Board2 names since 2018
1 directorPIRMEZ Raphaël Joseph Marie Ghislain
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €161,297 to €239,958Result from €124,013 to €184,390Dividend €175,000Equity from €18,906 to €21,796Debts from €146,703 to €209,093
Key points
from the 2025 annual accountsResult
€184,390 ▲ 48.7%
The result rose in 2025 from €124,013 to €184,390.
Turnover
≈ €410,000 estimated
The micro format states no turnover.
Debts
€209,093 91% of the balance sheet
Suppliers 0%Taxes and wages 11%Other 89%
Of this, €209,026 falls due within a year.
Filings
7 annual accounts 7 late
The 2019 accounts came latest: 91 days after the end of the period.
Position in the sector
€184,390
Higher net result than 94% of companies in head offices and management consultancy. Sector median €27,138 · 39,392 companies.
Checked score
93
Excellent
Financially stronger than 45% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%▼ -0.1 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €21,796 (9.4% of total assets)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €230,889
Liquidity: current ratio 1.10, cash €64,555
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 16% of them on solvency, 16% on liquidity, 84% on profitability and 63% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as RPGE has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of RPGE itself is lower: 0.1% within 12 months. It rests on far more data about RPGE than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for RPGE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.13 in 2024), below the usual 1.5. Short-term debt is 90.5% and cash 28% of total assets. 90.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 39376 sector peers (2025).
NBB · sector comparisonPosition among 39376 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
31 days late
2024
30 days late
2023
30 days late
2022
31 days late
2021
29 days late
2020
31 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PIRMEZ Raphaël Joseph Marie Ghislain 99 sharesdeed of 18-10-2018
- PIRMEZ Etienne Léon Marie Joseph Ghislain Messire 1 sharedeed of 18-10-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0711725028
Change of role: Raphaël PIRMEZ, from manager to director
Appointment: SPEECKAERT Lavinia Julie Walter Marie Wivine (alternate director) · Director discharge: Raphaël PIRMEZ · General meeting of 19-06-2023 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €6,200 paid up · Founders: PIRMEZ Raphaël Joseph Marie Ghislain and PIRMEZ Etienne Léon Marie Joseph Ghislain Messire · Appointment: PIRMEZ Raphaël Joseph Marie Ghislain (manager) · published on 18-10-2018 · Gazette deed
First establishment
Malaise 10, Dinant
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RPGE Dinant | €230,889 | €239,958 | 9.4% | - |
| Magna Socium Plus Consulting Oosterzele | €233,608 | €243,549 | 85.6% | - |
| Maneas Izegem | €229,242 | €243,995 | 9.1% | - |
| MONIQUE MARIAME Woluwe-Saint-Lambert | €218,560 | €224,839 | 78.9% | - |
| Flocan Services Brussels | €239,083 | €232,153 | 8.6% | - |
| DETHIER INVEST Soumagne | €244,537 | €253,561 | 8.6% | 1 |
| Blue Rock Advisory Overijse | €247,716 | €259,767 | 7.5% | - |
These companies have the same main activity as RPGE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €219,000 and €248,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 16-10-2018Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.281.808.3035500 Dinant, since 16-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2025
Insights on RPGE
RPGE files the micro format. That format states no turnover. The gross margin rose from €12,911 in 2019 to €239,958 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RPGE
- What is the company number of RPGE?
- The company number of RPGE is 0711.725.028. The VAT number is the same number with BE in front: BE 0711.725.028.
- Where is RPGE based?
- The registered office is at Malaise 10, 5500 Dinant.Company details
- What does RPGE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of RPGE?
- RPGE is a private limited company (BV).
- When was RPGE founded?
- RPGE was founded on 16-10-2018.
- Is RPGE still active?
- Yes, RPGE is an active enterprise in the KBO register.
- What is the turnover of RPGE?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €239,958 and 109 comparable companies (NACE 70200). It probably lies between €340,000 and €480,000.Financials
- Is RPGE profitable?
- In financial year 2025, RPGE made a profit of €184,390.
- Where can I find the annual accounts of RPGE?
- RPGE filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RPGE due?
- RPGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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