Equity
Debts exceed assets in financial year 2026.
Debts exceed assets in financial year 2026.
Every financial year from 2021 to 2026 closed with a loss. 2022 was the heaviest.
Lower solvency than 95% of companies in advertising and market research. Sector median 50.0% · 90 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 73, micro). It does better than 5% of them on solvency, 36% on liquidity, 6% on profitability and 17% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-06-2026.
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).
In July 2024, 6,907 companies had the same profile as RPPRT has now. Each dot stands for 18 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RPPRT itself is lower: 0.5% within 12 months. It rests on far more data about RPPRT than the profile alone.
The method was tested on the 497,447 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 6,907 companies, not a prediction for RPPRT. 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.
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RPPRT Bilzen-Hoeselt | €460 | -€2,916 | -3759.6% | - |
| Makt AC Antwerp | €3,294 | -€2,119 | -932.5% | - |
| CONSULTANT BI Momignies | €1,282 | -€21,163 | -12200.1% | - |
| H2BC Turnhout | €3,624 | €317 | -2111.3% | - |
| AO-SI Maaseik | €439 | -€5,387 | -5167.2% | - |
| MOSHPIT Anzegem | €1,837 | -€1,663 | -73.3% | - |
| WITSENBURG CONSULTANCY Schilde | €4,120 | -€850 | -478.1% | - |
These companies have the same main activity as RPPRT: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €439 and €4,120, founded between 2006 and 2021.
RPPRT files the abbreviated format. That format states no turnover. The gross margin fell from €4,402 in 2016 to -€2,916 in 2026.
Encon holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Higher than 66% of 1,272 companies in 2021.
Higher than 24% of 1,244 companies in 2021.
Lower than 95% of 1,261 companies in 2021.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
460 | 1,448 | 12 | 498 | 3,218 | 6,008 | 13,498 | 18,504 | 5,700 | 27,403 | 26,776 | |
21/28 |
- | - | - | - | 0 | 4,333 | 8,667 | 3,100 | 3,100 | 3,100 | 3,100 | |
21 |
- | - | - | - | 0 | 4,333 | 8,667 | - | - | - | - | |
28 |
- | - | - | - | - | - | 0 | 3,100 | 3,100 | 3,100 | 3,100 | |
29/58 |
460 | 1,448 | 12 | 498 | 3,218 | 1,674 | 4,831 | 15,404 | 2,600 | 24,303 | 23,676 | |
40/41 |
- | - | - | - | 348 | 430 | 377 | 7,539 | 162 | 16,814 | 4,603 | |
40 |
- | - | - | - | - | - | 0 | 6,051 | - | 16,740 | 3,234 | |
41 |
- | - | - | - | 348 | 430 | 377 | 1,488 | 162 | 74 | 1,369 | |
54/58 |
460 | 1,448 | 12 | 498 | 2,870 | 1,244 | 4,454 | 7,799 | 2,438 | 7,489 | 19,073 | |
490/1 |
- | - | - | - | - | - | 0 | 67 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
460 | 1,448 | 12 | 498 | 3,218 | 6,008 | 13,498 | 18,504 | 5,700 | 27,403 | 26,776 | |
10/15 |
-17,294 | -12,630 | -7,996 | -2,349 | 870 | 3,547 | 7,166 | 6,197 | 5,426 | 6,935 | 6,388 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 6,200 | - | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | 6,200 | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 6,200 | - | - | - | - | |
13 |
324 | 324 | 324 | 324 | 324 | 324 | 966 | 735 | 735 | 735 | 188 | |
130/1 |
- | - | - | 324 | 324 | 324 | 324 | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 324 | 324 | 324 | 109 | |
1311 |
- | - | - | 324 | 324 | 324 | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 324 | - | - | - | - | |
133 |
324 | 324 | 324 | - | - | 0 | 642 | 411 | 411 | 411 | 78 | |
14 |
-30,018 | -25,354 | -20,720 | -15,073 | -11,854 | -2,978 | 0 | -738 | -1,509 | - | - | |
17/49 |
17,754 | 14,078 | 8,008 | 2,847 | 2,348 | 2,461 | 6,332 | 12,307 | 274 | 20,468 | 20,388 | |
42/48 |
17,754 | 14,078 | 8,008 | 2,500 | - | 2,114 | 6,332 | 12,307 | 274 | 18,968 | 18,363 | |
44 |
1,119 | 1,066 | 1,023 | 2,500 | - | 242 | 4,399 | 11,278 | 96 | 10,568 | 12,943 | |
440/4 |
1,119 | 1,066 | 1,023 | 2,500 | - | 242 | 4,399 | 11,278 | 96 | 10,568 | 12,943 | |
46 |
- | - | - | - | - | - | - | - | - | - | 3,100 | |
45 |
- | - | - | - | - | 0 | 1,933 | 1,029 | - | 4,650 | 320 | |
450/3 |
- | - | - | - | - | 0 | 1,933 | 1,029 | - | 1,426 | 320 | |
454/9 |
- | - | - | - | - | - | - | - | - | 3,224 | - | |
47/48 |
16,635 | 13,012 | 6,985 | - | - | 1,872 | - | - | 178 | 3,750 | 2,000 | |
492/3 |
- | - | - | 347 | 2,348 | 348 | - | - | - | 1,500 | 2,026 | |
| Income statement | ||||||||||||
9900 |
-2,916 | -3,048 | -4,087 | -1,758 | -4,047 | 400 | 10,796 | 1,406 | 10,395 | 35,479 | 4,402 | |
62 |
- | - | - | - | - | - | 0 | -35 | 10,808 | 30,937 | 1,844 | |
630 |
- | - | - | - | 4,333 | 4,333 | 4,333 | - | - | - | - | |
640/8 |
759 | 775 | 990 | 1,362 | 410 | 410 | 353 | 446 | 664 | 94 | 92 | |
66A |
- | - | - | - | - | 0 | 3,099 | - | - | - | - | |
9901 |
-3,675 | -3,823 | -5,077 | -3,120 | -8,790 | -4,343 | 3,010 | 995 | -1,077 | 4,447 | 2,466 | |
75/76B |
- | - | - | - | - | - | 0 | 73 | - | 384 | 93 | |
75 |
- | - | - | - | - | - | 0 | 73 | - | 384 | 93 | |
65/66B |
989 | 811 | 570 | 99 | 87 | 93 | 109 | 113 | 432 | 178 | 51 | |
65 |
989 | 811 | 570 | 99 | 87 | 93 | 109 | 113 | 432 | 178 | 51 | |
9903 |
-4,664 | -4,634 | -5,647 | -3,219 | -8,877 | -4,436 | 2,901 | 955 | -1,509 | 4,653 | 2,508 | |
67/77 |
- | - | - | - | - | -816 | 1,933 | 184 | - | 355 | 320 | |
9904 |
-4,664 | -4,634 | -5,647 | -3,219 | -8,877 | -3,619 | 969 | 772 | -1,509 | 4,297 | 2,188 | |
9905 |
-4,664 | -4,634 | -5,647 | -3,219 | -8,877 | -3,619 | 969 | 772 | -1,509 | 4,297 | 2,188 | |
| Appropriation of the result | ||||||||||||
9906 |
-30,018 | -25,354 | -20,720 | -15,073 | -11,854 | -3,619 | 231 | -738 | -1,509 | 4,297 | 2,188 | |
14P |
-25,354 | -20,720 | -15,073 | -11,854 | -2,978 | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | 642 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 0 | 231 | - | - | 547 | 188 | |
6920 |
- | - | - | - | - | - | - | - | - | 215 | 109 | |
6921 |
- | - | - | - | - | 0 | 231 | - | - | 332 | 78 | |
694/7 |
- | - | - | - | - | - | - | - | - | 3,750 | 2,000 | |
695 |
- | - | - | - | - | - | - | - | - | 3,750 | 2,000 | |
| Social balance sheet | ||||||||||||
9087 |
- | - | - | - | - | - | - | - | 0.3 | 0.6 | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | 744 | 960 | - | |
| Document | ||||||||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 02-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | abbreviated format | 02-10-2026 | 2026-00546880 | |
| 30-06-2025 | abbreviated format | 11-12-2025 | 2025-00580046 | |
| 30-06-2024 | abbreviated format | 26-12-2024 | 2024-00625381 | |
| 30-06-2023 | abbreviated format | 01-02-2024 | 2024-00021921 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00014422 | |
| 30-06-2021 | micro format | 07-01-2022 | 2022-00600113 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03500034 | |
| 30-06-2019 | micro format | 09-01-2020 | 2020-00700235 | |
| 30-06-2018 | micro format | 04-01-2019 | 2019-00500466 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-03900544 | |
| 30-06-2016 | abbreviated format | 03-02-2017 | 2017-04000029 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | -4,456 | -10 | 7,343 | - | - | - | - | ||
| - | - | - | - | -4,543 | 714 | 5,302 | - | - | - | - | ||
| - | - | - | - | 0 | 0 | 13,000 | - | - | - | 3,100 | ||
| -988 | 1,436 | -486 | -2,372 | 1,625 | -3,210 | -3,344 | 5,361 | -5,051 | -11,584 | - | ||
| -17,294 | -12,630 | -7,996 | -2,002 | - | -439 | -1,501 | 3,097 | 2,326 | 5,335 | 5,313 | ||
| - | - | - | - | - | 59.0% | 53.1% | 33.5% | 95.2% | 25.3% | 23.9% | ||
| - | - | - | - | - | 0.79 | 0.76 | 1.25 | 9.49 | 1.28 | 1.29 | ||
| - | - | - | - | - | 0.69 | 0.88 | 1.99 | 0.05 | 2.95 | 3.19 | ||
| - | - | - | - | - | -102.0% | 13.5% | 12.4% | -27.8% | 62.0% | 34.2% | ||
| - | - | - | - | - | -60.2% | 7.2% | 4.2% | -26.5% | 15.7% | 8.2% | ||
| - | - | - | - | -51.24 | - | - | - | - | - | - |
The ratios are withheld because a balance sheet total of €460 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2026 is a loss of €3,675, smaller than the loss of €3,823 in 2025.
Equity is negative. Debt (€17,754) exceeds the balance-sheet total (€460).
Further up the chainThe Energy Group 99.4%Encon NV consolidatesHasco NV consolidates
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in its own 30-06-2019 accounts. Every holding stands with its own latest accounts.
| ISO FULL via AMBO, at RPPRT until 2024 · Director · deed of 21-11-2023 founded in 2015 · group Hasco · accounts filed late |
27 FTE (2025) |
| APS Invest via AMBO, at RPPRT until 2024 · Director · deed of 19-10-2023 founded in 2023 · negative equity (2025) · group Hasco · accounts filed late |
total assets €2.6m (2025) |
| ECOWORLD via AMBO, at RPPRT until 2024 · Director (not named in the articles) · deed of 19-07-2023 founded in 2018 · group Hasco · accounts filed late |
4.3 FTE (2025) |
| Durable Services via AMBO, at RPPRT until 2024 · Director · deed of 05-04-2023 founded in 2023 · negative equity (2025) · group Hasco · accounts filed late |
total assets €603,761 (2025) |
| Hasco founded in 2010 |
turnover €4.1m (2025) |
| Comfort Energy Group via Asgard, at RPPRT until 2024 · Director · deed of 29-03-2023 founded in 2023 · group Hasco |
turnover €5.3m (2025) |
| Grid Parity Concepts Europe founded in 2005 · group Hasco |
14 FTE (2025) |
| Green and Durable Energy founded in 2013 · group Hasco |
16 FTE (2025) |
| T.V.B. via AMBO, at RPPRT until 2024 · Director · deed of 12-11-2020 founded in 2006 |
170 FTE (2025) |
| T.V.V. via AMBO, at RPPRT until 2024 · Director · deed of 12-11-2020 founded in 2007 |
130 FTE (2025) |
| One-stop via AMBO, at RPPRT until 2024 · Director (not named in the articles) · deed of 08-07-2024 founded in 1990 |
14 FTE (2025) |
| The Energy Group founded in 2013 |
total assets €3.2m (2025) |
| Gemini Administration via AMBO, at RPPRT until 2024 · Director · deed of 09-11-2020 founded in 2011 |
17 FTE (2025) |
| Sun Calor via AMBO, at RPPRT until 2024 · Director · deed of 20-04-2022 founded in 1970 · group Hasco |
8.1 FTE (2025) |
| Inesco founded in 2011 |
total assets €939,002 (2025) |
| 2bbuilt via AMBO, at RPPRT until 2024 · Director (not named in the articles) · deed of 10-09-2020 founded in 2020 |
total assets €890,303 (2025) |
| Infinity Building founded in 2009 |
total assets €319,779 (2025) |
| Orion Transport Noord via AMBO, at RPPRT until 2024 · Director · deed of 09-11-2020 founded in 2011 |
1 FTE (2025) |
| Truck & Trailer Immo via AMBO, at RPPRT until 2024 · Director · deed of 20-12-2024 |
founded in 2024 |
| CALPAM BELGIUM via AMBO, at RPPRT until 2024 · Director · deed of 27-05-2021 No longer active |
30 FTE (2022) |
| ADS INVEST via AMBO, at RPPRT until 2024 · Director · deed of 29-09-2022 No longer active · group Hasco |
total assets €22.2m (2025) |
| Mazout.be via AMBO, at RPPRT until 2024 · Director · deed of 31-05-2021 No longer active |
32 FTE (2022) |
| BLUE SKY via Asgard, at RPPRT until 2024 · Chair of the board · deed of 26-04-2023 No longer active |
turnover €800,000 (2024) |
| NTJ Invest via AMBO, at RPPRT until 2024 · Director · deed of 20-06-2023 No longer active · founded in 2023 · group Hasco |
turnover €262,500 (2025) |
| BORCALOR via AMBO, at RPPRT until 2024 · Director · deed of 20-08-2020 No longer active |
23 FTE (2024) |
| ENTREPRISE BRIATTE SEBASTIEN via AMBO, at RPPRT until 2024 · Director · deed of 20-09-2023 No longer active · group Hasco |
9 FTE (2024) |
| VLOBE via Asgard, at RPPRT until 2024 · Director · deed of 07-03-2022 No longer active |
21 FTE (2021) |
| IMBM INVEST No longer active |
total assets €2.1m (2022) |
Deadline for the 2027 accounts: 31-01-2028
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kieleberg 41 registered office 3740 Bilzen-Hoeselt | 05-02-2015 | 2.239.462.358 |
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