CONRAY
ActiveSummary
CONRAY has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.04M) and a net result of €330k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 5% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.91 against 0.31 in 2024; short-term debt: 6.5% and cash: 1.1% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-227.1%
Return on assets
72.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d late
2023
180 d late
2022
31 d late
2021
389 d late
2020
478 d late
2019
150 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-1.04M▲ 24.1%
2024 · €-1.37M
Total assets
€458k▼ 21.6%
2024 · €584k
Net result
€330k
2024 · €-3.63M
Working capital
€56k
2024 · €-240k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19k€34k▲ 80.8%€12k▼ 64.3%€-3.62M€350k
Net result€478€2k▲ 395%€-7k€-3.63M▼ 55,572%€330k
Equity€2.26M=€2.26M▲ 0.1%€2.26M▼ 0.3%€-1.37M€-1.04M▲ 24.1%
Total assets€4.77M▼ 0.8%€4.70M▼ 1.3%€5.77M▲ 22.6%€584k▼ 89.9%€458k▼ 21.6%
Debt€2.50M▼ 1.6%€2.44M▼ 2.6%€3.51M▲ 43.8%€1.95M▼ 44.3%€1.50M▼ 23.3%
Working capital€1.39M▲ 0.5%€1.45M▲ 4.6%€1.69M▲ 16.8%€-240k€56k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €350k after a loss of €3.62M in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458k
Fixed assets
€372k ▼ 22.0%
Current assets
€86k ▼ 19.7%
Key figures and ratios
EBITDA
€387k▲
2024 · €-3.57M
Cash flow
€367k▲
2024 · €-3.58M
Solvency
-227.1%▲
2024 · -234.7%
Current ratio
2.91▲
2024 · 0.31
Debt to equity
-1.44▼
2024 · -1.43
ROA
72.1%▲
2024 · -621.6%
Interest coverage
19.59▲
2024 · -294.27
Debt ≤ 1 year
€30k▼
2024 · €348k
Debt > 1 year
€1.46M▼
2024 · €1.60M
Income taxes
€214▲
2024 · €117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50k | €48k | €46k | €44k | €37k | ▼ 14.8% |
| Other operating charges640/8 | €3k | €4k | €17k | €3.49M | €17k | ▼ 99.5% |
| Gross operating margin9900 | €72k | €86k | €74k | €-83k | €404k | ▲ 587% |
| Operating profit (loss)9901 | €19k | €34k | €12k | €-3.62M | €350k | ▲ 110% |
| Financial income75/76B | - | €50 | €0 | - | €1 | - |
| Recurring financial income75 | - | €50 | €0 | - | €1 | - |
| Financial charges65/66B | €18k | €30k | €19k | €12k | €20k | ▲ 62.9% |
| Recurring financial charges65 | €18k | €30k | €19k | €12k | €20k | ▲ 62.9% |
| Profit (loss) for the period before taxes9903 | €478 | €4k | €-7k | €-3.63M | €330k | ▲ 109% |
| Income taxes67/77 | - | €2k | - | €117 | €214 | ▲ 82.9% |
| Profit (loss) for the period9904 | €478 | €2k | €-7k | €-3.63M | €330k | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €478 | €2k | €-7k | €-3.63M | €330k | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.77M | €4.70M | €5.77M | €584k | €458k | ▼ 21.6% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €2.96M | €2.92M | €2.84M | €477k | €372k | ▼ 22.0% |
| Tangible fixed assets22/27 | €617k | €569k | €521k | €477k | €372k | ▼ 22.0% |
| Land and buildings22 | €603k | €559k | €515k | €472k | €367k | ▼ 22.2% |
| Plant, machinery and equipment23 | €4k | €3k | €3k | €2k | €2k | = |
| Furniture and vehicles24 | €10k | €6k | €2k | €2k | €2k | ▼ 3.5% |
| Financial fixed assets28 | €2.35M | €2.35M | €2.32M | €5 | €5 | = |
| Current assets29/58 | €1.80M | €1.79M | €2.92M | €107k | €86k | ▼ 19.7% |
| Amounts receivable within one year40/41 | €1.78M | €1.78M | €2.90M | €81k | €81k | ▲ 0.1% |
| Trade receivables40 | €39k | €40k | €61k | €62k | €63k | ▲ 2.5% |
| Other amounts receivable41 | €1.74M | €1.74M | €2.84M | €19k | €17k | ▼ 7.8% |
| Cash at bank and in hand54/58 | €21k | €8k | €27k | €26k | €5k | ▼ 80.2% |
| Deferred charges and accrued income490/1 | €505 | €533 | €261 | €234 | €219 | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.77M | €4.70M | €5.77M | €584k | €458k | ▼ 21.6% |
| Equity10/15 | €2.26M | €2.26M | €2.26M | €-1.37M | €-1.04M | ▲ 24.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €2.01M | €2.01M | €2.01M | €2.01M | €2.01M | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €2.00M | €2.00M | €2.00M | €2.00M | €2.00M | = |
| Profit (loss) carried forward14 | €194k | €197k | €190k | €-3.44M | €-3.11M | ▲ 9.6% |
| Amounts payable17/49 | €2.50M | €2.44M | €3.51M | €1.95M | €1.50M | ▼ 23.3% |
| Amounts payable after more than one year17 | €2.09M | €2.10M | €2.28M | €1.60M | €1.46M | ▼ 8.7% |
| Other amounts payable178/9 | €2.09M | €2.10M | €2.28M | €1.60M | €1.46M | ▼ 8.7% |
| Amounts payable within one year42/48 | €417k | €340k | €1.23M | €348k | €30k | ▼ 91.5% |
| Financial debts43 | €376k | €306k | €25k | €17 | - | - |
| Credit institutions430/8 | €376k | €306k | €25k | €17 | - | - |
| Trade debts44 | €38k | €29k | €65k | €12k | €29k | ▲ 140% |
| Suppliers440/4 | €38k | €29k | €65k | €12k | €29k | ▲ 140% |
| Taxes, remuneration and social security45 | €3k | €4k | €4k | €2k | €330 | ▼ 81.6% |
| Taxes450/3 | €3k | €4k | €4k | €2k | €330 | ▼ 81.6% |
| Other amounts payable47/48 | - | - | €1.14M | €334k | - | - |
| Accrued charges and deferred income492/3 | - | - | €1k | €2k | €3k | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €478 | €2k | €-7k | €-3.63M | €330k | ▲ 109% |
| + Depreciation and write-downs630 | €50k | €48k | €46k | €44k | €37k | ▼ 14.8% |
| Operating cash flow (approximation) | €51k | €51k | €39k | €-3.58M | €367k | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | €27k | €2.32M | €67k | ▼ 97.1% |
| Change in cash | - | €-13k | €19k | €-658 | €-21k | ▼ 3,120% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €330k
Net result €330k after 2 loss-making years.
31-12
Financial
Liquidity times 9current ratio 2.91
Current ratio from 0.31 to 2.91; short-term debt falls from €348k to €30k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 180 days late
2024
31-12
Financial
Weakest financial yearnet €-3.63M
Net result drops to €-3.63M, the lowest in the series; recovery starts the following year.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 389 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 478 days late
2021
31-12
Financial
Back to profitnet €478
Net result €478 after one loss-making year.
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 327 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 18.18
Current ratio from 8.53 to 18.18; short-term debt falls from €190k to €83k.
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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, Lier · 1 establishment unit since 1997
Ground area
1,303 m²
Building footprint
236 m²
Volume, LiDAR
1,118 m³
Parcel 12393E0111/00E000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CONRAY
since 19972.082.819.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393E0111/00E000 | Flanders | 1,303 m² | 1 · 236 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 18,781 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.