RAJA
Open bankruptcyA bankruptcy procedure is open for RAJA according to publications in the Belgian State Gazette; curator: BERT DEHANDSCHUTTER.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €419,246 and a net result of €191,958.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 28 May 2024
- Supervising judge
- Marc Geeraerts
- Official Gazette
- 03-06-2024 (pdf) ↗search the document for 2024/122430
Deadlines
- Provisional date payments stopped
- 28 May 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 18 June 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 27 June 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 3 July 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 28 May 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Bert DehandschutterEdmond Tollenaere- Straat 56-76 B23, 1020 Brussel 2- law.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 16-10-2023, 77 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
not filed
2023
not filed
2022
77 d late
2021
436 d late
2020
801 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 438 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€2.2m▲ 32.9%
2021 · €1.7m
EBIT margin
11.0%▲ 0.1pp
2021 · 10.9%
Net result
€191,958▲ 36.7%
2021 · €140,451
Working capital
€229,223▲ 53.7%
2021 · €149,179
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
Line202020212022
Turnover€1.0m-€1.7m▲ 65.5%€2.2m▲ 32.9%
Operating result€111,992-€180,925▲ 61.6%€242,545▲ 34.1%
Net result€86,837-€140,451▲ 61.7%€191,958▲ 36.7%
EBIT margin11.2%-10.9%▼ 0.3pp11.0%▲ 0.1pp
Equity€86,837-€227,288▲ 162%€419,246▲ 84.5%
Total assets€142,814-€278,123▲ 94.7%€535,776▲ 92.6%
Debt€55,977-€50,835▼ 9.2%€116,530▲ 129%
Working capital€39,376-€149,179▲ 279%€229,223▲ 53.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2022 is 34% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €535,776
Fixed assets
€190,023 ▲ 143%
Current assets
€345,753 ▲ 72.9%
Equity and liabilities €535,776
Equity
€419,246 ▲ 84.5%
Debt
€116,530 ▲ 129%
Debt's share of the balance-sheet total rises from 18.3% to 21.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€272,796▲
2021 · €191,176
Cash flow
€222,209▲
2021 · €150,702
Current ratio
2.97▼
2021 · 3.93
Debt to equity
0.28▲
2021 · 0.22
ROE
45.8%▼
2021 · 61.8%
ROA
35.8%▼
2021 · 50.5%
Interest coverage
464.73▲
2021 · 403.32
Debt ≤ 1 year
€116,530▲
2021 · €50,835
Income taxes
€50,000▲
2021 · €40,000
Staff costs
€95,252▲
2021 · €47,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €1.0m | €1.7m | €2.2m | ▲ 32.9% |
| Goods, raw materials, services and sundry goods60/61 | €847,868 | €1.4m | €1.8m | ▲ 29.6% |
| Remuneration, social security and pensions62 | €32,369 | €47,525 | €95,252 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,746 | €10,251 | €30,251 | ▲ 195% |
| Other operating charges640/8 | €2,025 | €5,414 | €3,254 | ▼ 39.9% |
| Gross operating margin9900 | €152,132 | €244,115 | €371,302 | ▲ 52.1% |
| Operating profit (loss)9901 | €111,992 | €180,925 | €242,545 | ▲ 34.1% |
| Financial income75/76B | €147 | - | - | - |
| Recurring financial income75 | €147 | - | - | - |
| Non-recurring financial income76B | €147 | - | - | - |
| Financial charges65/66B | €302 | €474 | €587 | ▲ 23.8% |
| Recurring financial charges65 | €302 | €474 | €587 | ▲ 23.8% |
| Profit (loss) for the period before taxes9903 | €111,837 | €180,451 | €241,958 | ▲ 34.1% |
| Income taxes67/77 | €25,000 | €40,000 | €50,000 | ▲ 25.0% |
| Profit (loss) for the period9904 | €86,837 | €140,451 | €191,958 | ▲ 36.7% |
| Profit (loss) for the period to be appropriated9905 | €86,837 | €140,451 | €191,958 | ▲ 36.7% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €142,814 | €278,123 | €535,776 | ▲ 92.6% |
| Fixed assets21/28 | €47,461 | €78,109 | €190,023 | ▲ 143% |
| Tangible fixed assets22/27 | €47,461 | €78,109 | €190,023 | ▲ 143% |
| Furniture and vehicles24 | €15,874 | €10,584 | €85,236 | ▲ 705% |
| Assets under construction and advance payments27 | €31,587 | €67,525 | €104,787 | ▲ 55.2% |
| Current assets29/58 | €95,353 | €200,014 | €345,753 | ▲ 72.9% |
| Amounts receivable within one year40/41 | €52,587 | €185,471 | €275,157 | ▲ 48.4% |
| Trade receivables40 | €52,587 | €185,471 | €275,157 | ▲ 48.4% |
| Current investments50/53 | €42,766 | €14,543 | - | - |
| Cash at bank and in hand54/58 | - | - | €70,586 | - |
| Deferred charges and accrued income490/1 | - | - | €10 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €142,814 | €278,123 | €535,776 | ▲ 92.6% |
| Equity10/15 | €86,837 | €227,288 | €419,246 | ▲ 84.5% |
| Profit (loss) carried forward14 | €86,837 | €227,288 | €419,246 | ▲ 84.5% |
| Amounts payable17/49 | €55,977 | €50,835 | €116,530 | ▲ 129% |
| Amounts payable within one year42/48 | €55,977 | €50,835 | €116,530 | ▲ 129% |
| Trade debts44 | €25,486 | €10,475 | €65,255 | ▲ 523% |
| Suppliers440/4 | €25,486 | €10,475 | €65,255 | ▲ 523% |
| Taxes, remuneration and social security45 | €27,274 | €40,027 | €51,254 | ▲ 28.0% |
| Taxes450/3 | €25,000 | €40,000 | €50,000 | ▲ 25.0% |
| Remuneration and social security454/9 | €2,274 | €27 | €1,254 | ▲ 4,544% |
| Other amounts payable47/48 | €3,217 | €333 | €21 | ▼ 93.7% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,837 | €140,451 | €191,958 | ▲ 36.7% |
| + Depreciation and write-downs630 | €5,746 | €10,251 | €30,251 | ▲ 195% |
| Operating cash flow (approximation) | €92,583 | €150,702 | €222,209 | ▲ 47.4% |
| Investment in fixed assets (approximation) | - | -€40,899 | -€142,165 | ▼ 248% |
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
2024
22-08
KBO administration
Address struck
event 19-06-2024
03-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 28-05-2024
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 436 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 801 days late
2022
31-12
Financial
Highest result since 2020net €191,958 ▲36.7%
Operating result €242,545, net result €191,958, both a record.
2021
31-12
Financial
Liquidity doublescurrent ratio 3.93
Current ratio from 1.70 to 3.93; short-term debt falls from €55,977 to €50,835.
31-12
Financial
Equity above €200,000Eq €227,288 ▲162%
2 profitable years in a row build equity to €227,288.
SignalFinancial 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, Brussel
Ground area
670 m²
Building footprint
488 m²
Volume, LiDAR
11,099 m³
Parcel 21808H1778/00D000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
472
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERT DEHANDSCHUTTER EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- bert.dehandschutter@modo-
law.be |
28-05-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded09-06-2020
Fiscal year end31-12
Contact
E-mail
rajaa1309@hotmail.com
Phone
0472786541
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.