Equity
€22,278 ▲ 19.5%
RALUXA paid out €1,666 in dividends. That is 31% of the 2025 profit.
RALUXA
Lifetime
3 annual accounts with figures on one time axisGross marginpeak €37,590 (2023)
€32,640▲ 41.1%
Resultpeak €21,335 (2023)
€5,304▲ 28.2%
Equitypeak €22,278 (2025)
€22,278▲ 19.5%
Debts
€21,917▼ 42.5%
Board2 names since 2023
2 directorsMADATYAN Razmik and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €23,131 to €32,640Result from €4,137 to €5,304Dividend €1,666Equity from €18,640 to €22,278Debts from €38,098 to €21,917Cash from €14,225 to €1,278
Key points
from the 2025 annual accountsChecked score
68
Healthy
Financially stronger than 63% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,628 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.5%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 1.3%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 0.5%▼ -0.8 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.4%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 1.0%▲ +0.3 percentage points vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Size: total assets €44,195
Founded in 2023
lowers risk
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 64% of them on solvency, 33% on liquidity, 81% on profitability and 75% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as RALUXA has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RALUXA itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for RALUXA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.35 (0.86 in 2024), below the usual 1.5. Short-term debt is 31.2% and cash 2.9% of total assets. 49.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 39 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MADATYAN Razmik 500 sharesdeed of 03-04-2023
- SIMONIAN Luisa Theresa 500 sharesdeed of 03-04-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800150624
Registered office moved from Brussels to Vilvoorde
New registered office: Streekbaan 106, 1800 Vilvoorde · Previous registered office: Versailleslaan 64, 1020 Brussel · Board meeting of 25-12-2023 · Gazette deed
Incorporation
Founding capital of €1,500, 1,000 shares · Founders: MADATYAN Razmik and SIMONIAN Luisa Theresa · Appointments: MADATYAN Razmik (director) and SIMONIAN Luisa Theresa (director) · published on 03-04-2023 · Gazette deed
First establishment
Versailleslaan 64, Brussels
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| RALUXA Vilvoorde | €44,195 | €32,640 | 50.4% | - |
| SMILESTATE Ternat | €35,639 | €35,689 | 16.5% | - |
| Vanons Bekkevoort | €45,961 | €27,816 | 56.5% | - |
| WOWimmo Antwerp | €44,385 | €31,909 | 90.7% | - |
| E.S.M PROJECT Flémalle | €42,827 | €28,353 | 41.3% | - |
| DIM’IMMO Vilvoorde | €66,346 | €32,562 | 78.6% | - |
| Mellow Properties Vilvoorde | €50,922 | €39,966 | 59.7% | - |
These companies have the same main activity as RALUXA: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €35,600 and €66,300, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 30-03-2023Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 5 others
- Establishment unit
- 2.344.603.2321020 Brussels, since 30-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-10-2025
Annual accounts 2025
- Turnover
- ≈ €73,000estimated
- Total assets
- €44,195▼ 22.1%
- Filing
- Filed on 31-08-2026
Insights on RALUXA
RALUXA files the micro format. That format states no turnover. The gross margin fell from €37,590 in 2023 to €32,640 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RALUXA
- What is the company number of RALUXA?
- The company number of RALUXA is 0800.150.624. The VAT number is the same number with BE in front: BE 0800.150.624.
- Where is RALUXA based?
- The registered office is at Streekbaan 106, 1800 Vilvoorde.Company details
- What does RALUXA do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of RALUXA?
- RALUXA is a private limited company (BV).
- When was RALUXA founded?
- RALUXA was founded on 30-03-2023.
- Is RALUXA still active?
- Yes, RALUXA is an active enterprise in the KBO register.
- What is the turnover of RALUXA?
- The turnover in financial year 2025 is ≈ €73,000. This figure is estimated from the gross margin of €32,640 and 33 comparable companies (NACE 683). It probably lies between €50,000 and €120,000.Financials
- Is RALUXA profitable?
- In financial year 2025, RALUXA made a profit of €5,304.
- Where can I find the annual accounts of RALUXA?
- RALUXA filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RALUXA due?
- RALUXA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.