Financials
- Fiscal year
- 2024
- Total assets
- €405,145
- Profit
- €177,005
- Solvency
- 39.0%
Total assets▲ 141%
Net result
20222024
GROUP RAYCO
ActiveSummary
The computed 12-month bankruptcy probability of GROUP RAYCO is 5.6% (elevated). The 2024 annual accounts show equity of €158,025 and a net result of €177,005. Equity is growing by ~111.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 2438 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25120
1 site
Size
€405,145total assets 2024
- Equity
- €158,025
- Profit
- €177,005
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 2 deeds read
Why 40- Figures for FY 2024 (filed 01-10-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late+ Liquidity: current ratio 1.18, cash €131,172Show the evidence
Checked score
Score 2024
40
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 73% of its sector peers (NACE 25, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
64+50
equity 39.0% of total assets
Liquidity
59+55
short-term debt 61.0% · cash 32.4%
Profitability
100+100
return on assets 43.7%
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.4%
12-2024: 5.4%● 0.0% vs 11-2024
01-2025: 5.3%▼ -1.7% vs 12-2024
02-2025: 4.9%▼ -8.9% vs 01-2025
03-2025: 4.8%▼ -1.7% vs 02-2025
04-2025: 8.4%▲ +76.0% vs 03-2025
05-2025: 8.5%▲ +0.8% vs 04-2025
06-2025: 8.7%▲ +2.4% vs 05-2025
07-2025: 8.7%● 0.0% vs 06-2025
08-2025: 9.1%▲ +4.7% vs 07-2025
09-2025: 9.2%▲ +1.5% vs 08-2025
10-2025: 12.2%▲ +31.8% vs 09-2025highest value
11-2025: 1.8%▼ -84.8% vs 10-2025
12-2025: 1.8%● 0.0% vs 11-2025
01-2026: 1.8%▼ -1.2% vs 12-2025lowest value
02-2026: 1.8%▲ +0.5% vs 01-2026
03-2026: 1.8%▼ -0.5% vs 02-2026lowest value
04-2026: 1.9%▲ +2.6% vs 03-2026
05-2026: 2.1%▲ +14.0% vs 04-2026
06-2026: 2.2%▲ +4.9% vs 05-2026
07-2026: 2.2%▲ +0.2% vs 06-2026
08-2026: 3.0%▲ +34.6% vs 07-2026
09-2026: 3.3%▲ +9.7% vs 08-2026
10-2026: 5.6%▲ +69.9% vs 09-2026
- Figures for FY 2024 (filed 01-10-2025) raises the probability
- 1 change of registered office in 24 months raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 1.18, cash €131,172 lowers the probability
Credit up to €6,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 0.55 in 2023; short-term debt: 61% and cash: 32.4% of total assets), and 61% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, micro). Better than this share of them on solvency 42%, liquidity 58%, profitability 94%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
66 d late
2022
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €177,005
- Liquidity doublescurrent ratio 1.18
Key points
By topic
Timeline
- Events
- 7
- Since
- 2023
- 30-09-2025Annual accounts filed
- 31-12-2024Back to profit
- 31-12-2024Liquidity doubles
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of fabricated metal products, except machinery and…NACE 25120
- Founded
- 08-06-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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