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Complete company report
Generated 04-09-2026
Active BE 0727.824.256Private limited company

RPH INVEST

Oorlogskruisenlaan 311 ·1120 Brussel, Belgium· 7 yrs active
Sector: Freight transport by road (49410)
Conclusion Checked

The computed 12-month bankruptcy probability of RPH INVEST is 9.0% (elevated). The 2025 annual accounts show negative equity (€-14k) and a net result of €-3k. Equity is shrinking by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 450 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-14k
Net result €-3k
Better than sector 5%
Active 7 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health15Profitability96Solvency33Growth58Stability100
60 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 15
Profitability 96
Solvency 33
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
9.0% Elevated
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
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 FY 2025 · computed
15 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 13-08-2026 with the NBB · fiscal year 2025 · micro schema
€-6k€-4k€-2k€0Operating result 2023: €-6k€-6kNet result 2023: €-6k€-6kOperating result 2024: €-3k€-3kNet result 2024: €-3k€-3kOperating result 2025: €-3k€-3kNet result 2025: €-3k€-3k202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~26.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-25k€-20k€-15k€-10k2026: €-17k (€-18k - €-16k)2027: €-20k (€-21k - €-19k)2028: €-23k (€-24k - €-22k)2023: €-8k2024: €-11k2025: €-14k202320242025202620272028
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 2025 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -155.8% 30.7%
better than 5% of 450 sector peers
Net result €-3k €9k
better than 23% of 446 sector peers
Equity €-14k €25k
better than 8% of 450 sector peers
Gross operating margin €-2k €46k
better than 8% of 445 sector peers
Total assets €9k €102k
better than 5% of 450 sector peers
EBITDA
€-2k
+7.3% 23-25
Net profit
€-3k
+19.3% 23-25
Cash flow
€-2k
+9.8% 23-25
Total assets
€9k
-8.7% 23-25
Equity
€-14k
-23.6% 23-25
Working capital
€-15k
-15.3% 23-25
Income taxes
€62
-61.3% 23-25
Debt
€23k
+8.6% 23-25
Debt ≤ 1y
€23k
+8.6% 23-25
Current ratio
0.36
-9.2% 23-25
Quick ratio
0.36
-9.2% 23-25
Solvency
-155.8%
-35.3% 23-25
Debt / equity
-1.64
+12.1% 23-25
ROE
19.1%
-34.7% 23-25
ROA
-29.8%
+11.7% 23-25
Interest coverage
-20.46
+2.7% 23-25
Figures by fiscal year and ratios
Fiscal year2025
Depositmicro schema
Revenue-
EBITDA€-2k
Net profit€-3k
Cash flow€-2k
Staff costs-
Income taxes-
Dividends-
Total assets€9k
Equity€-14k
Debt€23k
of which ≤ 1y€23k
of which > 1y-
Working capital€-15k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.36
Quick ratio0.36
Working capital ratio-163.0%
Solvency-155.8%
Debt / equity-1.64
Long-term debt ratio-
Interest coverage-20.46
Gross margin-
Net margin-
ROA-29.8%
ROE19.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Balance-sheet composition 2025
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€9k
Fixed assets 21/28€658
Tangible fixed assets 22/27€658
Current assets 29/58€8k
Amounts receivable within one year 40/41€8k
Cash & bank 54/58€110
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€9k
Equity 10/15€-14k
Contributions / capital 10/11€1
Accumulated profits (losses) 14€-14k
Amounts payable 17/49€23k
Amounts payable within one year 42/48€23k
Trade debts payable within one year 44€179
Income statement
Gross operating margin 9900€-2k
Operating result 9901€-3k
Financial charges 65€92
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
Legal Structure
NACE primary Freight transport by road(49410)
Legal form Private limited company(610)
Incorporation06-06-2019
StatusActive
Postal code1120
Establishment units 1 location
RED TRANSPORT
Oorlogskruisenlaan 311, 1120 BrusselHoldings
since 20192.290.863.747
Real-estate footprint Source: CBE × cadastre
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21819D0202/00B003 Brussels 833 m² 1 · 487 m² 22.8 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events
Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
06-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
07-06
State Gazette act Registered-office change
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
08-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
State Gazette actNBB filing
Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
Address history · 1
07-06-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
07-06-2024 Registered office moved from WEMMEL to Brussel Registered-office change
  • LT GRAFFPLEIN 15 - 1780 WEMMEL → Oorlogskruisenlaan 311 bus 19 - 1120 Brussel
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_administratif",
      "new_address": {
        "raw": "Oorlogskruisenlaan 311 bus 19 - 1120 Brussel",
        "city": "Brussel",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Oorlogskruisenlaan",
        "country": "BE",
        "postcode": "1120",
        "box_number": "19",
        "street_number": "311",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "LT GRAFFPLEIN 15 - 1780 WEMMEL",
        "city": "WEMMEL",
        "region": "vlaams_gewest",
        "street": "LT GRAFFPLEIN",
        "country": "BE",
        "postcode": "1780",
        "box_number": null,
        "street_number": "15",
        "locality_suffix": null
      },
      "effective_date": "2024-02-26",
      "evidence_quote": "",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-06-07",
    "filing_date": "2024-05-30",
    "act_kind_objet": "adresverandering"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2024-02-26",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0727.824.256",
    "name_full": "RPH INVEST BV",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": []
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Freight transport by road49410
Names & trade names
Legal nameNL RPH INVEST
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative