EL.RAYAN
ActiveThe computed 12-month bankruptcy probability of EL.RAYAN is 2.6% (moderate). The 2025 annual accounts show negative equity (€-4k) and a net result of €875. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 10% of 1822 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▲+15
Solvency38▲+1
Growth60▼-12
Stability100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 0.66 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
-1.6%
Return on assets
0.4%
Age of the figures
8 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1822 sector peers (2025).
NBB · sector comparisonPosition among 1822 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
98 d late
2023
464 d late
2022
92 d late
2021
60 d late
2020
153 d late
2019
91 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€161k▼ 32.8%
2023 · €240k
2020: €124k
2021: €147k
2023: €240k
2020 → 2025
EBIT margin
1.0%▲ 18.3pp
2023 · -17.3%
2020: 1.3%
2021: 4.2%
2023: -17.3%
2020 → 2025
Net result
€875▼ 84.8%
2024 · €6k
2018: €67
2019: €-4k
2020: €2k
2021: €559
2022: €2k
2023: €-42k
2024: €6k
2018 → 2025
Working capital
€-66k▼ 38.3%
2024 · €-48k
2018: €3k
2019: €-5k
2020: €-18k
2021: €-20k
2022: €2k
2023: €-28k
2024: €-48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€147k-€240k€161k
Equity€11k-€31k▲ 180%€-10k€-5k▲ 55.9%€-4k▲ 19.3%
Operating result€6k-€2k▼ 71.1%€-41k€6k€2k▼ 71.8%
Net result€559-€2k▲ 177%€-42k€6k€875▼ 84.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€62k▲ 44.4%
Current assets
€167k▲ 82.8%
Key figures and ratios
EBITDA
€6k▼
2024 · €20k
Cash flow
€5k▼
2024 · €20k
Solvency
-1.6%▲
2024 · -3.4%
Current ratio
0.72▲
2024 · 0.66
Quick ratio
0.62▲
2024 · 0.50
Debt / equity
-63.59▼
2024 · -30.64
ROE
-23.9%▲
2024 · -126.7%
ROA
0.4%▼
2024 · 4.3%
Interest coverage
7.07▼
2024 · 82.69
Debt
€233k▲
2024 · €139k
Debt ≤ 1 year
€233k▲
2024 · €139k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€134k€229k▲
Fixed assets21/28€43k€62k▲
Tangible fixed assets22/27€40k€59k▲
Furniture and vehicles24€40k€59k▲
Financial fixed assets28€3k€3k▲
Current assets29/58€91k€167k▲
Stocks and contracts in progress3€22k€22k=
Stocks30/36€22k€22k=
Amounts receivable within one year40/41€55k€138k▲
Trade receivables40€52k€113k▲
Other amounts receivable41€3k€25k▲
Cash at bank and in hand54/58€15k€7k▼
Equity and liabilities
Total equity and liabilities10/49€134k€229k▲
Equity10/15€-5k€-4k▲
Contributions10/11€37k€37k=
Outside capital11€37k-
Other1109/19€37k-
Profit (loss) carried forward14€-42k€-41k▲
Amounts payable17/49€139k€233k▲
Amounts payable within one year42/48€139k€233k▲
Trade debts44€49k€123k▲
Suppliers440/4€49k€123k▲
Taxes, remuneration and social security45-€22k
Taxes450/3-€22k
Other amounts payable47/48€90k€88k▼
Income statement
Code20242025
Turnover70-€161k
Goods, raw materials, services and sundry goods60/61-€147k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€4k▼
Other operating charges640/8€256€400▲
Non-recurring operating charges66A-€8k
Gross operating margin9900€20k€14k▼
Operating profit (loss)9901€6k€2k▼
Financial charges65/66B€244€816▲
Recurring financial charges65€244€816▲
Profit (loss) for the period before taxes9903€6k€875▼
Profit (loss) for the period9904€6k€875▼
Profit (loss) for the period to be appropriated9905€6k€875▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-41k▲
Profit (loss) brought forward from the previous period14P€-47k€-42k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 464 days late
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 98 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-42k ▼2788%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 112 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-04-2026
Hamada Abdoulaziz: Resigned as Director
30-04-2026
Zaffarou Sirfi: Resigned as Director
31-03-2026
Ababsi Imad: Resigned as Director
31-03-2026
Bouzakhti Karam: Resigned as Director
31-03-2026
Merzoug Jaaouani Mohamed: Resigned as Director
31-12-2025
Garti Malaki Ismael: Resigned as Director
31-12-2025
Hadi, Hamid: Resigned as Director
30-09-2025
MASSAOUDI BILAL ABDERRAHIM: Resigned as Director
30-06-2025
BELARBI MEDHI: Resigned as Director
31-03-2025
BOUSSIR MOHAMED: Resigned as Director
31-03-2025
DAFI ZAKARIA: Resigned as Director
31-03-2025
RAÏDA ADIL: Resigned as Director
30-09-2024
BARRY AMADOU: Resigned as Director
30-09-2024
HAJI KHALID: Resigned as Director
30-06-2024
Garti Malaki Ismael: Resigned as Director
30-06-2024
AL IRR IBRAHIM: Resigned as Director
30-06-2024
BELARBI MEDHI JULES: Resigned as Director
31-12-2023
Amjahdi Mohamed: Resigned as Director
31-12-2023
Azzouzi Ibrahim: Resigned as Director
30-09-2019
Amjahdi Mohamed: Resigned as Manager
30-09-2019
BENMERIEME ABDELWAHAB: Resigned as Manager
08-10-2018
EL BAOUDI Abdessadik: Resigned as Managing director
31-03-2018
Yakoub Bilal: Resigned as Managing director
30-06-2017
Yakoub Mohamed: Resigned as Managing director
+ 3 not shown in this overview
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
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.
Gasstraat 631020 BrusselGround area
349 m²
Building footprint
86 m²
Volume, LiDAR
867 m³
Parcel 21816C0059/00L004, Brussels · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
EL.RAYAN
since 20172.262.066.922
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0059/00L004 | Brussels | 349 m² | 1 · 86 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 6,979 companies in sector 49320 we hold annual accounts for 2,683. 2,179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2014
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:elrayansprl@hotmail.com