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RAPPLA

Active
Private limited company·Stukadoorswerk· 14 yrs active
Abeelseweg 47 ·8970 Poperinge, Belgium
Open bankruptcy
KBO/BCE: BE 0840.519.747
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Age14 yrs
Staff (FTE)4.4
Real estate1 parcel · 628 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for RAPPLA according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €18k and a net result of €-44k.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
31-08-2023
Bankruptcy Opening
Date: 25-08-2023 · Ondernemingsrechtbank Gent, afdeling Ieper · RAPPLA BV ABEELSEWEG 47, 8970 POPERINGE · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 21-04-2023, 9 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2022, that is 30-04-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-09-2025 30-04-2026 nothing on record not filed -
30-09-2024 30-04-2025 nothing on record not filed -
30-09-2023 30-04-2024 nothing on record not filed -
30-09-2022 30-04-2023 21-04-2023 9 d early 2023-00062609
30-09-2021 30-04-2022 27-04-2022 3 d early 2022-20009520
30-09-2020 30-04-2021 29-03-2021 32 d early 2021-08600388
30-09-2019 30-04-2020 23-04-2020 7 d early 2020-09600272
30-09-2018 30-04-2019 05-04-2019 25 d early 2019-09100481
30-09-2017 30-04-2018 23-04-2018 7 d early 2018-10200597
30-09-2016 30-04-2017 22-03-2017 39 d early 2017-06700570
30-09-2015 30-04-2016 23-03-2016 38 d early 2016-06900390
30-09-2014 30-04-2015 27-03-2015 34 d early 2015-07300186

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-44k-335.1%
Working capital€12k-82.9%
Directors1

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 21-04-2023 with the NBB · fiscal year 2022 · micro
€-50k€-25k€0€25k€50kOperating result 2018: €29k€29kNet result 2018: €43k€43kOperating result 2019: €-10k€-10kNet result 2019: €14k€14kOperating result 2020: €11k€11kNet result 2020: €13k€13kOperating result 2021: €-2k€-2kNet result 2021: €-10k€-10kOperating result 2022: €-37k€-37kNet result 2022: €-44k€-44k20182019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 8.3% 36.4%
better than 14% of 6533 sector peers
Net result €-44k €12k
better than 5% of 6518 sector peers
Equity €18k €26k
better than 38% of 6539 sector peers
Gross operating margin €159k €32k
better than 91% of 6512 sector peers
Staff costs €179k €26k
higher than 94% of 2486 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P14
2020: P49 · n=16332021: P44 · n=35492022: P14 · n=65332020 2022
Weakening position over 2020-2022 · n=1633-6533
Net result P5
2020: P23 · n=16262021: P8 · n=35402022: P5 · n=65182020 2022
Weakening position over 2020-2022 · n=1626-6518
Equity P38
2020: P66 · n=16352021: P75 · n=35522022: P38 · n=65392020 2022
Weakening position over 2020-2022 · n=1635-6539
Gross operating margin P91
2020: P93 · n=16242021: P91 · n=35402022: P91 · n=65122020 2022
Stable position over 2020-2022 · n=1624-6512
Describes the position versus peers, not a forecast.
EBITDA
€-30k
- 18-22
Net profit
€-44k
-335.1% 18-22
Cash flow
€-37k
-1590.0% 18-22
Total assets
€216k
+9.7% 18-22
Equity
€18k
-71.2% 18-22
Working capital
€12k
-82.9% 18-22
Employees (FTE)
4
-8.3% 18-22
Staff costs
€179k
+20.2% 18-22
Income taxes
€0
-100.0% 18-22
Debt
€198k
+47.3% 18-22
Debt ≤ 1y
€177k
+60.7% 18-22
Debt > 1y
€21k
-14.3% 18-22
Current ratio
1.07
-34.8% 18-22
Quick ratio
0.65
-18.0% 18-22
Solvency
8.3%
-73.7% 18-22
Debt / equity
11.01
+411.2% 18-22
ROE
-247.1%
-1410.2% 18-22
ROA
-20.6%
-296.6% 18-22
Interest coverage
-3.61
- 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€-30k
Net profit€-44k
Cash flow€-37k
Staff costs€179k
Income taxes€0
Dividends-
Total assets€216k
Equity€18k
Debt€198k
of which ≤ 1y€177k
of which > 1y€21k
Working capital€12k
Employees (FTE)4.4
Ratios (computed)
2022
Current ratio1.07
Quick ratio0.65
Working capital ratio5.6%
Solvency8.3%
Debt / equity11.01
Long-term debt ratio1.15
Interest coverage-3.61
Gross margin-
Net margin-
ROA-20.6%
ROE-247.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€216k
Fixed assets 21/28€27k
Tangible fixed assets 22/27€27k
Current assets 29/58€189k
Stocks & contracts in progress 3€75k
Amounts receivable within one year 40/41€61k
Cash & bank 54/58€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€216k
Equity 10/15€18k
Contributions / capital 10/11€13k
Reserves 13€45k
Accumulated profits (losses) 14€-40k
Amounts payable 17/49€198k
Amounts payable after one year 17€21k
Amounts payable within one year 42/48€177k
Trade debts payable within one year 44€52k
Income statement
Gross operating margin 9900€159k
Operating result 9901€-37k
Financial income 75€764
Financial charges 65€8k
Result before taxes 9903€-44k
Income taxes 67/77€0
Net result for the period 9904€-44k
Result to be appropriated 9905€-44k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
0 / 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

2 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator LIEN CROMBEZ-DAMBRE
RIJSELSTRAAT 132, 8900 IEPER
 25-08-2023 → present Belgian State Gazette

Legal Structure

NACE primary Stukadoorswerk(43310)
Legal form Private limited company(610)
Incorporation24-10-2011
StatusActive
Postal code8970
First BS signal 31-08-2023
Latest BS signal 31-08-2023

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Abeelseweg 478970 Poperinge

Establishment units

1 location
RAPPLA
Abeelseweg 47, 8970 PoperingeAanbrengen van pleister- en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken
since 20112.204.537.212
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area628 m²
Buildings1
Building footprint150 m²
Volume (LiDAR)650 m³
Tallest building8.2 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33313K0160/00T000 Flanders 628 m² 1 · 149 m² 8.2 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
31-08-2023
Bankruptcy Opening
Date: 25-08-2023 · Ondernemingsrechtbank Gent, afdeling Ieper · RAPPLA BV ABEELSEWEG 47, 8970 POPERINGE · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-08-31 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency18Growth32Stability0
10 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 18
Growth 32
Stability 0

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 443 of the 3,994 companies in this sector. 377 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Stukadoorswerk43310Stukadoorswerk43310
Primary activity highlighted.
Names & trade names
Legal nameNL RAPPLA
Registered office
Abeelseweg 47
8970 Poperinge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.