CIRAY
ActiveSummary
The computed 12-month bankruptcy probability of CIRAY is 3.3% (moderate). The 2025 annual accounts show equity of €18,192 and a net result of €174. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 4735 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency32▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.41 against 0.36 in 2024; short-term debt: 79.4% and cash: 7.4% of total assets), and 92.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.1%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
30 d late
2022
22 d late
2021
30 d late
2020
27 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€18,192▲ 1.0%
2024 · €18,018
Total assets
€257,945▼ 11.2%
2024 · €290,404
Net result
€174▼ 84.9%
2024 · €1,152
Working capital
-€121,085▲ 14.0%
2024 · -€140,751
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,793€9,324▲ 234%-€14,169€5,874€3,628▼ 38.2%
Net result€2,076within the sector's middle half€8,323within the sector's middle half▲ 301%€1,358within the sector's middle half▼ 83.7%€1,152within the sector's middle half▼ 15.2%€174within the sector's middle half▼ 84.9%
Equity€7,185within the sector's middle half▲ 40.6%€15,508within the sector's middle half▲ 116%€16,866within the sector's middle half▲ 8.8%€18,018within the sector's middle half▲ 6.8%€18,192within the sector's middle half▲ 1.0%
Total assets€38,733within the sector's middle half▲ 12.6%€237,145above the sector's middle half▲ 512%€260,635above the sector's middle half▲ 9.9%€290,404above the sector's middle half▲ 11.4%€257,945above the sector's middle half▼ 11.2%
Debt€31,549▲ 7.8%€221,638▲ 603%€243,769▲ 10.0%€272,386▲ 11.7%€239,752▼ 12.0%
Working capital-€7,251within the sector's middle half▼ 71.4%-€171,006below the sector's middle half▼ 2,258%-€131,959below the sector's middle half▲ 22.8%-€140,751below the sector's middle half▼ 6.7%-€121,085below the sector's middle half▲ 14.0%
Solvency18.5%within the sector's middle half▲ 3.7pp6.5%within the sector's middle half▼ 12.0pp6.5%within the sector's middle half▼ 0.1pp6.2%within the sector's middle half▼ 0.3pp7.1%within the sector's middle half▲ 0.8pp
Current ratio0.65within the sector's middle half▲ 0.110.16below the sector's middle half▼ 0.490.38below the sector's middle half▲ 0.220.36below the sector's middle half▼ 0.020.41below the sector's middle half▲ 0.05
Return on assets (ROA)5.4%within the sector's middle half▲ 13.1pp3.5%within the sector's middle half▼ 1.9pp0.5%within the sector's middle half▼ 3.0pp0.4%within the sector's middle half▼ 0.1pp0.1%within the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257,945
Fixed assets
€174,284 ▼ 17.8%
Current assets
€83,661 ▲ 6.8%
Equity and liabilities €257,945
Equity
€18,192 ▲ 1.0%
Debt
€239,752 ▼ 12.0%
Debt's share of the balance-sheet total falls from 93.8% to 92.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,649▼
2024 · €42,985
Cash flow
€39,195▲
2024 · €38,263
Quick ratio
0.34▼
2024 · 0.34
Debt to equity
13.18▼
2024 · 15.12
ROE
1.0%▼
2024 · 6.4%
Interest coverage
12.63▲
2024 · 9.29
Debt ≤ 1 year
€204,746▼
2024 · €219,073
Debt > 1 year
€35,006▼
2024 · €53,313
Income taxes
€192▼
2024 · €414
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.6%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,251 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €44 | - | €117 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,010 | €11,498 | €23,233 | €37,111 | €39,021 | ▲ 5.1% |
| Other operating charges640/8 | €106 | €27 | €1,249 | €1,009 | €561 | ▼ 44.4% |
| Gross operating margin9900 | €6,909 | €20,893 | €10,313 | €44,112 | €43,211 | ▼ 2.0% |
| Operating profit (loss)9901 | €2,793 | €9,324 | -€14,169 | €5,874 | €3,628 | ▼ 38.2% |
| Financial income75/76B | €81 | - | €17,942 | €319 | €114 | ▼ 64.3% |
| Recurring financial income75 | €81 | - | €525 | €319 | €114 | ▼ 64.3% |
| Non-recurring financial income76B | - | - | €17,417 | - | - | - |
| Financial charges65/66B | €797 | €713 | €2,055 | €4,627 | €3,376 | ▼ 27.0% |
| Recurring financial charges65 | €797 | €713 | €2,055 | €4,627 | €3,376 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €2,076 | €8,611 | €1,718 | €1,566 | €366 | ▼ 76.6% |
| Income taxes67/77 | - | €288 | €359 | €414 | €192 | ▼ 53.7% |
| Profit (loss) for the period9904 | €2,076 | €8,323 | €1,358 | €1,152 | €174 | ▼ 84.9% |
| Profit (loss) for the period to be appropriated9905 | €2,076 | €8,323 | €1,358 | €1,152 | €174 | ▼ 84.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,733 | €237,145 | €260,635 | €290,404 | €257,945 | ▼ 11.2% |
| Fixed assets21/28 | €25,520 | €205,043 | €179,638 | €212,083 | €174,284 | ▼ 17.8% |
| Intangible fixed assets21 | - | €162,917 | €116,733 | €103,133 | €89,533 | ▼ 13.2% |
| Tangible fixed assets22/27 | €25,520 | €23,805 | €47,905 | €93,949 | €69,750 | ▼ 25.8% |
| Plant, machinery and equipment23 | €25,520 | €23,805 | €19,255 | €16,378 | €13,101 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | - | €33,382 | €24,771 | ▼ 25.8% |
| Leasing and similar rights25 | - | - | €28,650 | €44,188 | €31,878 | ▼ 27.9% |
| Financial fixed assets28 | - | €18,321 | €15,000 | €15,000 | €15,000 | = |
| Current assets29/58 | €13,213 | €32,103 | €80,997 | €78,322 | €83,661 | ▲ 6.8% |
| Stocks and contracts in progress3 | €1,284 | €153 | €133 | €2,928 | €14,143 | ▲ 383% |
| Stocks30/36 | €1,284 | €153 | €133 | €2,928 | €14,143 | ▲ 383% |
| Amounts receivable within one year40/41 | €4,161 | €4,014 | €63,958 | €51,558 | €43,511 | ▼ 15.6% |
| Trade receivables40 | €4,161 | €1,479 | €57,809 | €48,558 | €41,462 | ▼ 14.6% |
| Other amounts receivable41 | - | €2,535 | €6,150 | €3,000 | €2,049 | ▼ 31.7% |
| Cash at bank and in hand54/58 | €7,768 | €25,121 | €16,906 | €17,625 | €19,007 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | €2,815 | - | €6,212 | €7,000 | ▲ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,733 | €237,145 | €260,635 | €290,404 | €257,945 | ▼ 11.2% |
| Equity10/15 | €7,185 | €15,508 | €16,866 | €18,018 | €18,192 | ▲ 1.0% |
| Contributions10/11 | €11,644 | €11,644 | €11,644 | €11,644 | €11,644 | = |
| Capital10 | €11,644 | €11,644 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €6,956 | €6,956 | - | - | - | - |
| Profit (loss) carried forward14 | -€4,459 | €3,864 | €5,222 | €6,374 | €6,548 | ▲ 2.7% |
| Amounts payable17/49 | €31,549 | €221,638 | €243,769 | €272,386 | €239,752 | ▼ 12.0% |
| Amounts payable after more than one year17 | €11,085 | €5,357 | €22,973 | €53,313 | €35,006 | ▼ 34.3% |
| Financial debts170/4 | €11,085 | €5,357 | €22,973 | €53,313 | €35,006 | ▼ 34.3% |
| Amounts payable within one year42/48 | €20,464 | €203,109 | €212,956 | €219,073 | €204,746 | ▼ 6.5% |
| Current portion of amounts payable after more than one year42 | €3,030 | €5,727 | €9,993 | €16,891 | €18,318 | ▲ 8.5% |
| Trade debts44 | €11,573 | €621 | €14,446 | €11,291 | €3,548 | ▼ 68.6% |
| Suppliers440/4 | €11,573 | €621 | €14,446 | €11,291 | €3,548 | ▼ 68.6% |
| Taxes, remuneration and social security45 | €459 | €5,118 | €11,362 | €33,290 | €27,196 | ▼ 18.3% |
| Taxes450/3 | €459 | €5,118 | €3,362 | €8,290 | €5,980 | ▼ 27.9% |
| Remuneration and social security454/9 | - | - | €8,000 | €25,000 | €21,216 | ▼ 15.1% |
| Other amounts payable47/48 | €5,402 | €191,643 | €177,155 | €157,601 | €155,684 | ▼ 1.2% |
| Accrued charges and deferred income492/3 | - | €13,171 | €7,840 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,076 | €8,323 | €1,358 | €1,152 | €174 | ▼ 84.9% |
| + Depreciation and write-downs630 | €4,010 | €11,498 | €23,233 | €37,111 | €39,021 | ▲ 5.1% |
| Operating cash flow (approximation) | €6,086 | €19,822 | €24,592 | €38,263 | €39,195 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | -€191,021 | €2,171 | -€69,555 | -€1,222 | ▲ 98.2% |
| Change in cash | - | €17,352 | -€8,215 | €719 | €1,383 | ▲ 92.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Highest result since 2019net €8,323 ▲301%
Operating result €9,324, net result €8,323, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €2,076
Net result €2,076 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 3 establishment units since 2019
Ground area
4,108 m²
Building footprint
585 m²
Volume, LiDAR
3,109 m³
3 parcels, Brussels, Flanders · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
SET-O-CLEAN
since 20192.290.095.863
Opperstraat 51, 1770 Liedekerke
since 20222.341.179.924
Philippe Baucqstraat 171, 1040 Etterbeek
since 20262.383.527.550
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23762D1219/00E002 | Flanders | 3,503 m² | 1 · 318 m² | 5.5 m · 1 fl. |
| 21816G0043/00X007indicative | Brussels | 517 m² | 1 · 192 m² | 7.4 m · 2 fl. |
| 21363B0479/00R005 | Brussels | 89 m² | 1 · 75 m² | 15.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ERD
BE 0810.461.922
Asse · Eq €18,230
UNIVERSAL WASH
BE 0465.244.464
Vorst · Eq €18,268
ETABLISSEMENTS JULES LANNOY
BE 0416.587.779
Ciney · Eq €18,462
Zed Immo
BE 0826.969.144
Waterloo · Eq €18,586
JAEMA
BE 0472.593.896
Brussel · Eq €17,715
Of 998 companies in sector 96102 we hold annual accounts for 458. 324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0720587264
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.