Financials
- Fiscal year
- 2024
- Turnover
- €22.5m
- Loss
- -€3.4m
- Solvency
- 44.5%
Turnover▼ 45.1%
Net result
20182024
M.RAJESH
ActiveSummary
The annual accounts of M.RAJESH for fiscal year 2024 show a net loss of 50% of the equity at the start of that year. The 2024 annual accounts show equity of €3.4m and a net result of -€3.4m. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 6126 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Wholesale of diamonds and other precious stones
NACE 46861NACE 46761NACE 51561
1 site
Size
€22.5mturnover 2024
- Staff
- 4.1 FTE
- Equity
- €3.4m
- Loss
- -€3.4m
Structure
Accounts 65 d overdue1 of 14 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €3.4m, the second in a row (FY 2024)- Figures for FY 2024 (filed 25-08-2025)+ Founded in 1994+ Size: turnover €22.5m, 4.1 FTE, total assets €7.6mShow the evidence
Checked score
Score 2024
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 24% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency
69-5
equity 44.5% of total assets
Liquidity
33+4
short-term debt 54.9% · cash 8.6%
Profitability
0=
return on assets -45.1%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.8%
12-2024: 1.8%▲ +3.2% vs 11-2024
01-2025: 1.8%● 0.0% vs 12-2024
02-2025: 1.8%▼ -3.1% vs 01-2025
03-2025: 1.8%▼ -0.1% vs 02-2025
04-2025: 1.8%● 0.0% vs 03-2025
05-2025: 1.8%▼ -2.1% vs 04-2025
06-2025: 1.6%▼ -7.8% vs 05-2025
07-2025: 1.8%▲ +9.9% vs 06-2025
08-2025: 2.0%▲ +12.7% vs 07-2025highest value
09-2025: 1.0%▼ -48.5% vs 08-2025
10-2025: 1.0%● 0.0% vs 09-2025
11-2025: 1.0%● 0.0% vs 10-2025
12-2025: 1.0%● 0.0% vs 11-2025
01-2026: 1.0%● 0.0% vs 12-2025
02-2026: 1.0%▼ -3.4% vs 01-2026
03-2026: 1.0%▼ -1.1% vs 02-2026
04-2026: 1.0%● 0.0% vs 03-2026
05-2026: 0.9%▼ -5.9% vs 04-2026
06-2026: 0.9%▼ -1.0% vs 05-2026
07-2026: 0.9%▼ -2.3% vs 06-2026lowest value
08-2026: 1.2%▲ +38.1% vs 07-2026
09-2026: 1.2%▼ -5.1% vs 08-2026
10-2026: 1.4%▲ +20.5% vs 09-2026
- Loss of €3.4m, the second in a row (FY 2024) raises the probability
- Founded in 1994 lowers the probability for this profile
- Size: turnover €22.5m, 4.1 FTE, total assets €7.6m lowers the probability for this profile
- Figures for FY 2024 (filed 25-08-2025) raises the probability
Credit up to €180,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.76 against 2.2 in 2023; short-term debt: 54.9% and cash: 8.6% of total assets), but 55.5% 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 46, micro). Better than this share of them on solvency 52%, liquidity 30%, profitability 6%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3.4m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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
not confirmed
2024
22 d late
2023
61 d late
2022
31 d late
2021
53 d late
2020
51 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Resignation: Detroja Rajeshkumar (director)State Gazette act
- Annual accounts filedfiscal year 2024 · full…
- Weakest financial yearnet -€3.4m
Key points
- Caution: Among the weakest 5% on net resultsector median €91,102 · 6,137 companies -€3.4m View
- Caution: Turnover fell in 2024from €41.0m to €22.5m ▼ 45.1% View
- Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
- Caution: 2 loss-making years in a rowloss fiscal year 2024 -€3.4m View
- A director leftlatest change 01-01-2026 · 0 in office 1 left View
By topic
Timeline
- Events
- 14
- Since
- 2016
- 16-06-2026Resignation: Detroja Rajeshkumar (director)
- 22-08-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of diamonds and other precious stonesNACE 46861
- Founded
- 10-02-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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