Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
R.A.P. MANAGEMENT from Elsene, company number BE0888016291, closed financial year 2024 with a result of € -74,805 after tax. For that financial year R.A.P. MANAGEMENT recorded a gross margin of € 35,703 and equity of € 240,329. Compared with financial year 2023, the result moved from € -81,316 to € -74,805. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 18, 2025.
€ 240,329
▼ 24% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -74,805
▲ 8 % less loss than in 2023
Profit after tax over the fiscal year.
€ 159
▼ 58% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -65,433.
People and assets in 2024
0.7
▲ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1,340
▲ 84% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 102,245
▼ 23% vs 2023
€ 33,681 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 66,800
▲ 13% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 119,507
▲ 30% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 81,087 | € 38,279 | € 28,057 | € 35,703 | ▲ 27% |
| Profit after taxes | € 4,078 | € -170,044 | € -81,316 | € -74,805 | ▲ € 6,511 |
| Equity | € 568,205 | € 397,591 | € 315,705 | € 240,329 | ▼ 24% |
| Total debts | € 732,847 | € 681,003 | € 695,525 | € 767,696 | ▲ 10% |
| Cash | € 270 | € 65 | € 383 | € 159 | ▼ 58% |
| Land & buildings | € 850,000 | € 645,438 | € 542,219 | € 428,387 | ▼ 21% |
| Retained profit | € -104,669 | € -92,012 | € -81,978 | € -65,433 | ▲ € 16,545 |
| Bank debt | € 187,502 | € 160,705 | € 132,056 | € 102,245 | ▼ 23% |
| Balance sheet total | € 1,301,052 | € 1,078,594 | € 1,011,229 | € 1,008,025 | |
| Employees (FTE) | - | 0.7 | 0.6 | 0.7 | ▲ 0.1 |
Key figures of R.A.P. MANAGEMENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to R.A.P. MANAGEMENT?
What happened at R.A.P. MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 74,805. filed late Source: NBB ↗
- New establishment in Sint-Joost-ten-Node. KBO
- Rachid AZAOUM became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,078 profit in 2021 to € 74,805 loss in 2024.
Paid € 14,452 in corporate taxes since 2021.
Best year ever: 2021, with € 4,078 profit.
A new publication or filing at R.A.P. MANAGEMENT? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind R.A.P. MANAGEMENT is Rachid AZAOUM. Rachid AZAOUM is also behind BECI-BRUSSELS CHAMBER OF COMMERCE, Plaatselijk Werkgelegenheidsagentschap van Schaarbeek - Agence locale pour l'Emploi de Schaerbeek, PROBEL TRADE SPRL and QUALITY-BEL.
Directors
According to the 2024 annual accounts
Rachid AZAOUM
Administrator-manager
Also active at: BECI-BRUSSELS CHAMBER OF COMMERCE, Plaatselijk Werkgelegenheidsagentschap van Schaarbeek - Agence locale pour l'Emploi de Schaerbeek, PROBEL TRADE SPRL, QUALITY-BEL
since 2007
Establishments
Establishment units
Physical locations of this company
Herdersstraat 4
1050 Elsene
Georges Matheusstraat 4 box 323
1210 Sint-Joost-ten-Node
Active since 1 April 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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€ 404,368 gross margin · 2025
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€ 395,742 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.016.291
- VAT number
- BE 0888.016.291
- Registered office
- Herdersstraat 4, 1050 Elsene
- Names & denominations
- R.A.P. MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 2007
- Peppol
- Active · Active since 28 Apr 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Activiteiten van holdings
Ontwikkeling van residentiële bouwprojecten
Managementactiviteiten van holdings
Projectontwikkeling voor woningbouw
+1