MX-Ray
ActiveSummary
The computed 12-month bankruptcy probability of MX-Ray is 2.6% (moderate). The 2025 annual accounts show equity of €153,304 and a net result of €149,716. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+2
Growth78
Track record82
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.93; short-term debt: 25.3% and cash: 39.1% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
74.7%
Return on assets
72.9%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
18 d early
2024
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 20 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€153,304▲ 4,172%
2024 · €3,588
Total assets
€205,319▲ 4,081%
2024 · €4,911
Net result
€149,716
2024 · -€1,412
Working capital
€152,434▲ 4,148%
2024 · €3,588
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
Line20242025
Operating result-€1,409-€192,721
Net result-€1,412-€149,716
Equity€3,588-€153,304▲ 4,172%
Total assets€4,911-€205,319▲ 4,081%
Debt€1,323-€52,015▲ 3,833%
Working capital€3,588-€152,434▲ 4,148%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €192,721 after a loss of €1,409 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205,319
Fixed assets
€870
Current assets
€204,449
Equity and liabilities €205,319
Equity
€153,304 ▲ 4,172%
Debt
€52,015 ▲ 3,833%
Debt's share of the balance-sheet total falls from 26.9% to 25.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€193,080
Cash flow
€150,074
Current ratio
3.93
Debt to equity
0.34
ROE
97.7%
ROA
72.9%
Interest coverage
2444.05
Debt ≤ 1 year
€52,015▲
2024 · €1,323
Income taxes
€42,927
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €359 | - |
| Other operating charges640/8 | - | €516 | - |
| Gross operating margin9900 | -€1,409 | €193,596 | ▲ 13,839% |
| Operating profit (loss)9901 | -€1,409 | €192,721 | ▲ 13,777% |
| Financial charges65/66B | €3 | €79 | ▲ 3,060% |
| Recurring financial charges65 | €3 | €79 | ▲ 3,060% |
| Profit (loss) for the period before taxes9903 | -€1,412 | €192,642 | ▲ 13,747% |
| Income taxes67/77 | - | €42,927 | - |
| Profit (loss) for the period9904 | -€1,412 | €149,716 | ▲ 10,706% |
| Profit (loss) for the period to be appropriated9905 | -€1,412 | €149,716 | ▲ 10,706% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4,911 | €205,319 | ▲ 4,081% |
| Fixed assets21/28 | - | €870 | - |
| Tangible fixed assets22/27 | - | €870 | - |
| Plant, machinery and equipment23 | - | €870 | - |
| Current assets29/58 | €4,911 | €204,449 | ▲ 4,063% |
| Amounts receivable within one year40/41 | - | €123,491 | - |
| Trade receivables40 | - | €121,322 | - |
| Other amounts receivable41 | - | €2,169 | - |
| Cash at bank and in hand54/58 | €4,054 | €80,342 | ▲ 1,882% |
| Deferred charges and accrued income490/1 | €857 | €616 | ▼ 28.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4,911 | €205,319 | ▲ 4,081% |
| Equity10/15 | €3,588 | €153,304 | ▲ 4,172% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€1,412 | €148,304 | ▲ 10,606% |
| Amounts payable17/49 | €1,323 | €52,015 | ▲ 3,833% |
| Amounts payable within one year42/48 | €1,323 | €52,015 | ▲ 3,833% |
| Trade debts44 | €1,323 | €240 | ▼ 81.9% |
| Suppliers440/4 | €1,323 | €240 | ▼ 81.9% |
| Taxes, remuneration and social security45 | - | €51,775 | - |
| Taxes450/3 | - | €51,775 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,412 | €149,716 | ▲ 10,706% |
| + Depreciation and write-downs630 | - | €359 | - |
| Operating cash flow (approximation) | -€1,412 | €150,074 | ▲ 10,732% |
| Change in cash | - | €76,288 | - |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €149,716
Net result €149,716 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €153,304 ▲4,172%
Equity rises from €3,588 to €153,304.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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.
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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 · 1 establishment unit since 2024
Ground area
9,776 m²
Building footprint
3,052 m²
Volume, LiDAR
107,160 m³
Parcel 21813A0484/00G000, Brussels · tallest building 61.6 m, ±9 floors. Linked by address, not a title deed.
109
companies at this address
See who is registered here
1 establishment unit
MX-Ray
since 20242.368.843.532
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.