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RARYTAS

Active Private limited companyfounded 2003active for 23 yearsMaria Malibranstraat 107, 1050 IxellesKBO/BCE: BE 0480.191.273
RARYTAS
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Overview

Lifetime

19 annual accounts with figures on one time axis, 22 filings since 2004
peak €548,318 (2025)
€548,318▲ 52.8%
lowest -€161,343 (2022)
€133,966▲ 15×
peak €477,632 (2021)
€390,466▲ 16.0%
€318,503▼ 22.5%
peak 6.2 FTE (2022)
5 FTE 
Board4 names since 2023
- 
Documentsfilings and deeds
02-02-20262 days late
2025financial year
Gross margin from €358,749 to €548,318Result from €9,075 to €133,966Dividend €80,000Equity from €336,500 to €390,466Debts from €411,135 to €318,503Investments €122,159

Key points

from the 2025 annual accounts

Equity

€390,466 ▲ 16.0%
336,5002024+133,966Profit-80,000Dividend390,4662025

RARYTAS paid out €80,000 in dividends. That is 60% of the 2025 profit.

Result

€133,966 ▲ 15×
€9,0802024€134,0002025

The result rose in 2025 from €9,075 to €133,966.

Turnover

≈ €3.7m estimated

The accounts state no turnover.

Investments

€122,159 2.6 × depreciation
2022202320242025

Green is investment, beige is depreciation. Machinery stands 180.9% higher than in 2024.

Filings

22 annual accounts since 2004
deadline20102020

Three of the last ten came late. The 2024 accounts came latest: 4 days after the end of the period.

Board

2 joined · 1 left

Board changed. Latest change 01-07-2026 · 1 in office.

Checked score

89
Excellent
Financially stronger than 66% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.6% 01-2025: 0.9%▲ +0.3 percentage points vs 12-2024 02-2025: 1.5%▲ +0.6 percentage points vs 01-2025highest value 03-2025: 0.1%▼ -1.4 percentage points vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%▲ +0.1 percentage points vs 01-2026 03-2026: 0.2%▼ -0.1 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

80+10equity 55.1% of total assets
46-13short-term debt 34.9% · cash 9.2%
88+18return on assets 18.9%

Score breakdown

raises risk
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2003
Equity €390,466 (55.1% of total assets)
Figures for financial year 2025 (filed on 02-02-2026)
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 47, micro). It does better than 69% of them on solvency, 45% on liquidity, 83% on profitability and 69% on growth.

The bankruptcy probability was computed on 07-11-2026 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 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as RARYTAS has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of RARYTAS itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for RARYTAS. 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 €30,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.1 (1.85 in 2024), below the usual 1.5. Short-term debt is 34.9% and cash 9.2% of total assets. 44.9% 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

Six signals.
lowers riskraises risk
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €390,466 (55.1% of total assets)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Figures for financial year 2025 (filed on 02-02-2026)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €390,466
raises risk · 2025 accounts filed 2 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 10 filings
Deviation from the deadline
2025
2 days late
2024
4 days late
2023
1 day late
2022
on the day
2021
on the day
2020
2 days early
2019
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 1 February (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

TA
TOWPIK Agata
Daily manager
TP
TOWPIK Piotr Robert
Director
  • KUTYLOWSKI Marek 76 sharesdeed of 14-12-2023
  • SUMINSKI Sylwester 7 sharesdeed of 14-12-2023
  • KACHARAI Andrii 6 sharesdeed of 14-12-2023
and 2 other shareholders

Shares in 1 company, POLGROS

Board & ownership

Recent changes

New day-to-day manager TOWPIK Agata appointed, BORYSIEWICZ Joanna resigned · General meeting of 05-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0480191273
Appointment: TOWPIK Piotr Robert (director) General meeting of 19-12-2025 · Gazette deed
Change of role: KUTYLOWSKI Marek, from manager to director Appointment: BORYSIEWICZ Joanna (daily management delegate) · “L’exploitation de tous genres de débits de boissons, restaurants, friterie, snack, petite restauration, salon…” (deed in French) · KUTYLOWSKI Marek holds 76 shares · General meeting of 08-12-2023 · Gazette deed
All 37 events

Comparable companies

same main activity, similar in size and age
Company
RARYTAS Ixelles €0.7m €548,318 55.1% 5
Passa Porta Bookshop Brussels €0.7m €464,098 69.6% 6.3
COCKAERT BV Lier €1.0m €583,061 88.1% 4.9
BUROR Philippeville €0.8m €369,043 24.3% 6
OPTIMASI Hasselt €0.7m €766,649 64.9% 6.2
TASCHEN BELGIQUE Brussels €0.8m €755,301 72.2% 6.9
MARCLAU Uccle €0.6m €405,174 29.5% 6.1

These companies have the same main activity as RARYTAS: retail sale of newspapers and periodicals (NACE 47621). They are comparable in size and age: total assets between €576,000 and €1m, founded between 2001 and 2010.

Official details

Source: KBO
Status
Active since 09-05-2003Normal situation
Activity
Retail sale of newspapers and periodicalsNACE 47621and 1 other
Joint committees
119Food trade
201Independent retail · annual accounts 30-06-2025
Establishment units
2.132.339.2211930 Zaventem, since 30-06-2003
2.188.864.0891050 Ixelles, since 01-01-2008
Financial year end
30 June
Peppol
Reachable since 31-03-2026
Company details

Annual accounts to 30-06-2025

€548,318▲ 52.8%
€133,966▲ 15×
€390,466▲ 16.0%
€708,969▼ 5.2%
5 FTE
Filing
Filed on 02-02-2026
Financials

Insights on RARYTAS

RARYTAS has existed since 2003. In 2014 the gross margin rose from €18,034 to €268,813.

Solvency rose in 2025 from 45.0% to 55.1% because of lower debts.

In July 2026, the Official Gazette published the appointment of TOWPIK Agata as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 02-02-2026, 2 days late
€548,318
▲ 52.8%
€193,503
▲ 287%
€240,640
▲ 172%
€181,103
▲ 280%
55.1%
▲ 10.1 percentage points
1.10
▼ 0.75

Money flows

no detail for 2025

Balance sheet

balance sheet total €708,969 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

55.1%

Higher than 70% of 5,061 companies in 2025.

1.10

Higher than 31% of 4,987 companies in 2025.

18.9%

Higher than 92% of 5,031 companies in 2025.

RARYTAS Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€61,272

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, 3 people joined and 4 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 708,969747,635712,051832,766920,5031.1m1.1m1.1m917,072918,086914,374904,403769,974716,279413,758387,955411,389470,624190,827
21/28 437,673362,652488,114695,435693,487907,706934,553881,470683,971713,659728,501752,585768,190663,535324,074341,505358,556398,880112,533
22/27 410,743335,721321,184521,704544,957759,176786,023739,740682,241711,929726,771750,855767,460663,535324,074341,505358,556398,550112,203
22 179,165186,438193,709252,982260,254579,389586,661593,933601,205608,477615,677622,877630,077637,277280,614287,813295,014302,21430,000
23 75,35326,82835,29723,28624,19042,35342,40956,69276,46792,544108,059121,752132,46621,92232,89433,06029,31344,31048,808
24 89,50547,74110,36016,48834,82544,71258,20578,4684,56910,9083,0356,2264,9174,33610,56620,63234,22947,90625,155
26 66,72074,71481,81874,08082,47592,72298,74810,647-----------
27 ---154,870143,213--------------
28 26,93026,930166,930173,730148,530148,530148,530141,7301,7301,7301,7301,730730----330330
29/58 271,296384,984223,937137,332227,016154,422161,035169,750233,101204,427185,873151,8181,78452,74489,68446,45052,83371,74478,294
3 30,79230,79228,9549,5981,8511,6931,74211,27012,22812,65410,1574,266-4,5991,9105,0356,2485,7925,916
30/36 30,79230,79228,9549,5981,8511,6931,74211,27012,22812,65410,1574,266-4,5991,9105,0356,2485,7925,916
40/41 143,380211,260163,55589,708207,766134,382130,324110,230133,488165,849165,679117,273--1,889----
40 143,351211,230153,67475,674171,483126,058122,000103,763133,016165,377165,207117,099-------
41 29299,88114,03536,2838,3248,3246,467472472472174--1,889----
54/58 64,946117,8285,78122,03116,80215,78925,70748,25087,38525,0339,78930,2791,78448,14585,88541,41546,58565,95272,378
490/1 32,17725,10425,64715,9945972,5583,262--891248--------
Balance sheet: equity and liabilities
10/49 708,969747,635712,051832,766920,5031.1m1.1m1.1m917,072918,086914,374904,403769,974716,279413,758387,955411,389470,624190,827
10/15 390,466336,500327,425291,714477,632418,908333,228321,988280,167231,466174,764129,981-4,589101,32463,82958,49657,64849,76748,338
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,6006,5006,5006,5006,5006,5006,5006,500
100 ----18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------------12,10012,10012,10012,10012,10012,10012,100
13 11,86011,86011,86011,86011,86011,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860-
130/1 1,8601,8601,8601,8601,860--------------
130 ----1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860-
1311 1,8601,8601,8601,860---------------
133 10,00010,00010,00010,00010,00010,000-------------
14 360,006306,040296,965261,254422,597360,802312,768301,528259,707211,006154,304109,521-12,94992,96455,46950,13649,28841,40741,838
15 ----24,57527,646-------------
16 ----8,1929,215-------------
168 ----8,1929,215-------------
17/49 318,503411,135384,626541,052434,679634,005762,360729,232636,905686,620739,610774,422774,563614,955349,929329,459353,741420,857142,489
17 70,970203,164151,048264,142250,068395,089497,938506,322378,242506,488514,400570,603545,797510,773220,120241,353261,279288,78038,775
170/4 70,970203,164151,048264,142250,068395,089497,938506,322378,242506,488514,400570,603545,797510,773220,120241,353261,279288,78038,775
42/48 247,138207,971233,578276,910184,611238,916264,422222,910258,663180,132225,210203,804177,54369,05256,50634,11437,66356,12450,423
42 73,03655,89714,37178,63694,55099,160110,386107,27350,1768,31957,51154,96655,90229,23921,23319,92627,50135,99025,322
43 --9,504--1,839------19,358------
430/8 --9,504--1,839------19,358------
44 58,00557,02083,04697,23838,60365,433111,34238,75680,11669,050105,09595,16788,81921,93619,9358,4671,9999,48010,949
440/4 58,00557,02083,04697,23838,60365,433111,34238,75680,11669,050105,09595,16788,81921,93619,9358,4671,9999,48010,949
45 115,31095,05593,97568,35438,77659,80233,33148,95183,37157,76332,60453,67113,46417,87715,3385,7218,16310,65414,152
450/3 68,95415,5724,6344,2025,46618,1891,58412,15947,61429,28927,06550,03013,46417,87715,3385,7218,16310,65414,152
454/9 46,35679,48389,34164,15233,31041,61331,74736,79235,75728,4745,5393,641-------
47/48 787-32,68232,68212,68212,6829,36327,93045,00045,00030,000--------
492/3 395---------01551,22335,13073,30353,99254,79975,95353,291
Income statement
70 --920,109762,013---------------
76A ------34,5281,227--6,198--------
9900 548,318358,749425,164202,903408,149305,299267,462307,048341,348318,112215,563268,81318,034209,368130,121114,466114,412142,572127,828
60/61 --612,705615,996---------------
62 306,360266,139337,823241,661190,539149,236159,215159,875159,235114,02450,38040,93037,96594,58560,30556,41637,54036,04435,926
630 47,13738,52633,07355,35069,26162,52153,34253,42142,18741,75934,81436,08633,74030,45135,57237,23053,05688,09731,768
631/4 -------5,63210,9207,6794,9622,906-------
640/8 1,3184,0603,4414,04711,9092,0959,3303,9057,67211,8609,0785,3973,8546,2462,7153,9401,6654,1831,821
66A ----55,864----1,550--2401,04896641530027550
9901 193,50350,02550,827-98,156136,44091,44745,57584,215121,334142,790116,329183,494-57,52578,08631,52916,88022,15114,24858,313
75/76B 650-1,02224,5753,5053,072--26910462381512492116447425146
75 650-1,02224,5753,5053,072--26910462381512492116447425146
65/66B 43,71140,81415,99095,77671,51119,70922,51321,94521,69524,33527,11827,94132,13436,22314,24714,00911,75311,5853,503
65 43,71110,81415,99013,30115,64719,70922,51321,94521,69524,33527,11827,94132,13436,22314,24714,00911,75311,5853,503
66B -30,000-82,47555,864--------------
9903 150,4429,21135,859-169,35768,43474,81023,06262,27099,908117,00995,471155,591-89,88440,93916,4082,57210,5452,81354,906
780 ---8,192---------------
67/77 16,4761361481777,66317,80011,82220,44921,20730,30720,68833,12116,0293,44411,0751,7242,6641,38415,527
9904 133,9669,07535,711-161,34361,79558,03411,24041,82178,70186,70274,783122,470-105,91337,4955,3338487,8811,42939,379
9905 133,9669,07535,711-161,34361,79558,03411,24041,82178,70186,70274,783122,470-105,91337,4955,3338487,8811,42939,379
Appropriation of the result
9906 440,006306,040296,965261,254422,597370,802312,768301,528289,707241,006184,304109,521-12,94992,96455,46950,13649,28843,26741,838
14P 306,040296,965261,254422,597---------------
691/2 -----10,000-----------1,860-
6920 -----------------1,860-
6921 -----10,000-------------
694/7 80,000-------30,00030,00030,000--------
694 80,000------------------
695 --------30,00030,00030,000--------
Social balance sheet
9087 5-6.26.2-5.24.74.65.14.21.6-2444222
Hours worked1013 -0-10,580-5,6928,2967,9647,9496,5172,927-9001,6001,5001,3001,2501,2301,220
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 3 older financial years (2004-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 02-02-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00027415.

Financial year Type Filed Reference Document
30-06-2025 full format 02-02-2026 2026-00027415 PDF
30-06-2024 full format 04-02-2025 2025-00026746 PDF
30-06-2023 full format 01-02-2024 2024-00020217 PDF
30-06-2022 full format 31-01-2023 2023-00013907 PDF
30-06-2021 full format 31-01-2022 2022-04100121 PDF
30-06-2020 full format 29-01-2021 2021-03600182 PDF
30-06-2019 full format 13-01-2020 2020-01200092 PDF
30-06-2018 full format 04-01-2019 2019-00800319 PDF
30-06-2017 full format 28-01-2018 2018-03800499 PDF
30-06-2016 full format 08-01-2017 2017-00900301 PDF
30-06-2015 full format 16-12-2015 2015-69300323 PDF
30-06-2014 full format 11-01-2015 2015-01400574 PDF
30-06-2013 full format 13-01-2014 2014-00700469 PDF
30-06-2012 full format 12-02-2013 2013-03300337 PDF
30-06-2011 full format 25-01-2012 2012-01600072 PDF
30-06-2010 full format 12-01-2011 2011-00800092 PDF
30-06-2009 full format 28-12-2009 2009-90800337 PDF
30-06-2008 full format 13-01-2009 2009-01000165 PDF
30-06-2007 full format 15-01-2008 2008-01500120 PDF
30-06-2006 full format 04-01-2007 2007-00400794 PDF
30-06-2005 full format 17-01-2006 2006-01803249 PDF
30-06-2004 full format 07-07-2005 2005-44002611 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
240,64088,55183,900-42,805205,701153,96898,917137,636163,521184,549151,143219,580-23,785108,53767,10154,11075,207102,34590,081
181,10347,60168,784-105,992131,056120,55564,58295,242120,888128,461109,597158,556-72,17367,94640,90538,07860,93789,52671,147
122,15953,06345,983139,773255,38035,674107,543252,38512,49926,91710,73020,489138,395369,91218,14120,17913,062374,44565,879
-52,881112,047-16,2505,2291,013-9,918-22,543-39,13562,35215,244-20,49028,495-46,361-37,74044,470-5,170-19,367-6,426-
24,158177,013-9,641-139,57942,405-84,494-103,387-53,160-25,56224,295-39,337-51,986-175,759-16,30833,17812,33615,17015,62027,871
--5.5%-12.9%---------------
55.1%45.0%46.0%35.0%51.9%39.4%30.4%30.6%30.6%25.2%19.1%14.4%-0.6%14.1%15.4%15.1%14.0%10.6%25.3%
1.101.850.960.501.230.650.610.760.901.130.830.740.010.761.591.361.401.281.55
0.971.700.830.461.220.640.600.710.851.060.780.720.010.701.551.211.241.181.44
0.821.221.171.850.911.512.292.262.272.974.235.96-6.075.485.636.148.462.95
34.3%2.7%10.9%-55.3%12.9%13.9%3.4%13.0%28.1%37.5%42.8%94.2%-37.0%8.4%1.4%13.7%2.9%81.5%
18.9%1.2%5.0%-19.4%6.7%5.5%1.0%4.0%8.6%9.4%8.2%13.5%-13.8%5.2%1.3%0.2%1.9%0.3%20.6%
5.518.195.25-3.22---------------
--61 days36 days---------------
--49 days58 days---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-06-202530-06-202430-06-2022
Employees at the balance-sheet date-08
full-time-04
part-time-04
in full-time equivalents--7.2
5-6.2
On a permanent contract5-5
Joined3-9
Left4-8

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€122,159€53,063€45,983€114,573
Financial fixed assets---€25,200
€47,137€38,526€33,073€55,350

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on RARYTAS

The operating result for 2025 is nearly 3.9 times that of 2024 and the highest since 2007. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 55.0% to 44.9%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, 1 in day-to-day management, last change in July 2026
TOWPIK Piotr Robert
Director
appointed by deed of 20-03-2026
TOWPIK Agata
Day-to-day manager
appointed by deed of 01-07-2026
TOWPIK Agata
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 15. Pouvoir de représentation Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit…”
deed of 14-12-2023

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
TOWPIK Piotr Robert
Director
TOWPIK Agata
Day-to-day manager
BORYSIEWICZ Joanna
Board
KUTYLOWSKI Marek
Director (not named in the articles)
LeadershipBoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • TOWPIK Piotr Robert
    • Director, appointed by deed of 20-03-2026, still in office
  • TOWPIK Agata
    • Day-to-day manager, appointed by deed of 01-07-2026, still in office
  • BORYSIEWICZ Joanna
    • Directrice à la gestion journalière, appointed by deed of 14-12-2023, ended, last mentioned on 14-12-2023
    • Board, until 01-07-2026
  • KUTYLOWSKI Marek
    • Director (not named in the articles), from 01-07-2023 to 30-06-2024
    • Manager, until 14-12-2023

See the board, name and registered office on a given date →

Control

Shareholders
KUTYLOWSKI Marek, SUMINSKI Sylwester, KACHARAI Andrii
and 2 others
This company
RARYTAS
Equity €390,466
Profit €133,966 in 2025

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 14-12-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant-moitié acquéreurs, agrément”

Shareholders

Stated in the deed deed of 14-12-2023 ↗
  • KUTYLOWSKI Marek 76 shares
  • SUMINSKI Sylwester 7 shares
  • KACHARAI Andrii 6 shares
  • LUC Elz°bieta, Katarzyna 6 shares
  • KONONCHUK Waldemar 5 shares

Network & group

Holdings

own accounts to 30-06-2021, the bar shows equity in euros
This companyRARYTAS1 holding, 1 country accounts to 30-06-2021

Belgium 1 Equity Result

  • BE POLGROS66% €82,180 result €5,213

Source: list of holdings in its own 30-06-2021 accounts. Every holding stands with its own latest accounts.

At the same address

Maria Malibranstraat 107, 1050 Ixelles · 2 other companies
POLGROS
registered office since 08-06-2015 · founded in 2015
 5 FTE (2025)
0631.831.175
Acevedo Zaror, Javiera (sole trader)
establishment since 30-07-2024
 founded in 2024
1012.317.140

Earlier ties

FORMAISON
via BORYSIEWICZ Joanna, at RARYTAS until 2026 · Director (not named in the articles) · deed of 14-09-2023
founded in 2023
 total assets €229,280 (2025)

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • POLGROS
    Equity €82,180 Profit of €5,213 in 2025 (profit of €40,979 in 2024) Checked score 85
    Sourcedeed 14-12-2023
    share not stated
Holdings through the years 2018 to 2021
Holdings through the years
Name2018201920202021
POLGROS 66%

Source: list of holdings in its own accounts

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

37 events since 2003

Deadline for the 2026 accounts: 31-01-2027

2026
New day-to-day managerTOWPIK Agata appointed, BORYSIEWICZ Joanna resigned · General meeting of 05-06-20266 points ▸

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0480191273
Appointment: TOWPIK Piotr Robert (director)General meeting of 19-12-20254 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFfull format · 2 days late
2025
Highest result from 2007 to 2025 net €133,966 ▲1,376% The operating result of €193,503 and the net result of €133,966 are both a record.
Annual accounts 2024 filed PDFfull format · 4 days late
2024
Annual accounts 2023 filed PDFfull format · 1 day late
2023
Change of role: KUTYLOWSKI Marek, from manager to directorAppointment: BORYSIEWICZ Joanna (daily management delegate) · “L’exploitation de tous genres de débits de boissons, restaurants, friterie, snack, petite restauration, salon…” (deed in French) · KUTYLOWSKI Marek holds 76 shares · General meeting of 08-12-202317 points ▸
  • General meeting, 08-12-2023
  • KUTYLOWSKI Marek holds 76 shares
  • SUMINSKI Sylwester holds 7 shares
  • KACHARAI Andrii holds 6 shares
  • LUC Elz°bieta, Katarzyna holds 6 shares
  • KONONCHUK Waldemar holds 5 shares
  • 100 shares, mentioned twice in the deed
  • Power of attorney, Damien COLLON-WINDELINCKX
  • Director resignation, KUTYLOWSKI Marek (manager), mentioned twice in the deed
  • Director discharge, KUTYLOWSKI Marek (manager)
  • Director appointment, KUTYLOWSKI Marek
  • Director appointment, BORYSIEWICZ Joanna (daily management delegate)
  • Purpose change, “L’exploitation de tous genres de débits de boissons, restaurants, friterie, snack, petite restauration, salon de thé, tavernes, brasseries, cafétérias, bars…” (deed in French)
  • Director appointment, KUTYLOWSKI Marek (director (not named in the articles))
  • Director appointment, BORYSIEWICZ Joanna (directrice à la gestion journalière)
  • Power of attorney, Nicolas Alexandre BERTRAND, mentioned twice in the deed
  • Registered office clause, rue Malibran 107, 1050 Ixelles
  • The deed holds 15 more points.

Open the deed in the Belgian Official Gazette

Back to profit net €35,711 The net result is €35,711, after one loss-making year.
Annual accounts 2022 filed PDFfull format · on the deadline day
2022
Weakest financial year net -€161,343 The net result drops to -€161,343, the lowest from 2007 to 2025. It recovers the following year.
Environmental permit granted OmgevingsloketFunctiewijziging zonder verbouwingswerken · Zaventem
Annual accounts 2021 filed PDFfull format · on the deadline day
2021
Annual accounts 2020 filed PDFfull format · 2 days before the deadline
2020
Annual accounts 2019 filed PDFfull format · 18 days before the deadline
2019
Annual accounts 2018 filed PDFfull format · 27 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · 3 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 23 days before the deadline
2016
Equity above €200,000 equity €231,466 ▲32.4% After 3 profitable years in a row, equity reaches €231,466.
2015
Annual accounts 2015 filed PDFfull format · 46 days before the deadline
Equity above €150,000 equity €174,764 ▲34.5% After 2 profitable years in a row, equity reaches €174,764.
Annual accounts 2014 filed PDFfull format · 20 days before the deadline
2014
Back to profit net €122,470 The net result is €122,470, after one loss-making year.
Annual accounts 2013 filed PDFfull format · 18 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 12 days late
2012
Equity above €100,000 equity €101,324 ▲58.7% With a profit in every financial year since 2007, equity grows to €101,324.
Annual accounts 2011 filed PDFfull format · 6 days before the deadline
2011
Annual accounts 2010 filed PDFfull format · 19 days before the deadline
2009
Annual accounts 2009 filed PDFfull format · 34 days before the deadline
Annual accounts 2008 filed PDFfull format · 18 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 16 days before the deadline
New establishment in Ixelles RARYTAS SPRL, Maria Malibranstraat 107
2007
Annual accounts 2006 filed PDFfull format · 27 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2003
First establishment BOULANGERIE POLONAISE RARYTAS, Leuvensesteenweg 573, Zaventem
Incorporation PDFpublished on 19-05-2003

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

RARYTAS was incorporated on 9 May 2003.1 Total assets fell from €1.1m in 2019 to €708,969 in 2025 and headcount from 4.7 to 5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0480.191.273
VAT number
BE 0480.191.273
Peppol ID
0208:0480191273
Other Peppol ID
9925:BE0480191273
Legal form
Private limited company
Status
Active, normal situation
Founded
09-05-2003
Financial year
ends on 30 June
Peppol
Reachable since 31-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
RARYTAS in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 14-12-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 14-12-2023 (in French)

Activities

NACEBEL 2025
VAT activities
47621 Retail sale of newspapers and periodicals main activity
Social security (RSZ) activities
47110 Non-specialised retail sale with food, beverages or tobacco predominating main activity
Joint committees annual accounts 30-06-2025
JC 119 Food trade
JC 201 Independent retail
Codes under NACEBEL 2008
VAT activities
47620 Retail trade main activity
Social security (RSZ) activities
47112 Retail trade main activity
Codes under NACEBEL 2003
VAT activities
52470 main activity
Social security (RSZ) activities
52112 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“La boulangerie et/ou la pâtisserie artisanale; La fabrication de pain et de pâtisserie fraîche; La fabrication de pâtes destinées à la…”
17 activities
  1. La boulangerie et/ou la pâtisserie artisanale ;
  2. La fabrication de pain et de pâtisserie fraîche ;
  3. La fabrication de pâtes destinées à la cuisson ;
  4. La fabrication artisanale de pains, de petits pains, de gâteaux frais, de tartes et d’autres produits frais ou pâtisserie ;
  5. La fabrication de biscottes, de biscuits, de pains d’épices ;
  6. La fabrication de pâtisserie et de gâteaux de conservation ;
  7. La fabrication de produits apéritifs, sucrés ou salés ;
  8. Le commerce de détail en magasins non spécialisés ;
  9. Le commerce de détail en magasins non spécialisés à prédominance alimentaire ;
  10. Le commerce de détail en magasins ou par livraison à domicile de tous produits alimentaires surgelés ou congelés, y compris les Crèmes glacés ;
  11. Le commerce de détail non spécialisés d'alimentation générale ;
  12. D’autres commerces de détail en magasins non spécialisés à prédominance alimentaire ;
  13. L’importation et l’exportation de produits en général.
  14. L’exploitation de tous genres de débits de boissons, restaurants, friterie, snack, petite restauration, salon de thé, tavernes, brasseries, cafétérias, bars, hôtellerie, établissements publics et privés destinés de jour et/ou de nuit au divertissement de la clientèle par la musique, la danse, le spectacle, la sonorisation, la décoration, les expositions, l’achat, la vente de tous articles s’y rapportant tels que tabacs, cigares, cigarettes, sandwichs ; le tout non contraire à l’ordre public et aux bonnes mœurs ;
  15. Le commerce sous toutes ses formes de produits de consommation et articles pour fumeurs, de plats préparés à consommer sur place ou à emporter, en ce compris notamment l’activité de traiteur et de préparation de plats à emporter ou à livrer à domicile ;
  16. Accomplir toutes opérations mobilières ou immobilières, commerciales, industrielles et financières se rapportant directement ou indirectement, en tout ou en partie, à son objet social ou qui seraient de nature à en développer ou à en faciliter la réalisation.
  17. S‘intéresser directement ou indirectement dans toutes affaires, entreprises, associations, institutions dont l’objet serait similaire ou connexe au sien ou simplement de nature à faciliter l’extension de ses opérations ou la réalisation de tout ou partie de son objet social
deed of 14-12-2023 (in French)

Registered office and establishments

2 establishments
Establishment Since Unit numberFASFC approval
BOULANGERIE POLONAISE RARYTAS Leuvensesteenweg 573, 1930 Zaventem 10712 Artisanal bread and fresh pastry making 30-06-2003 2.132.339.221 Industrial bakery
RARYTAS SPRL registered office Maria Malibranstraat 107, 1050 Ixelles 47110 Non-specialised retail sale with food, beverages or tobacco predominating 01-01-2008 2.188.864.089

Buildings and parcels at the addresses

Ground area
3,327 m²
Buildings
754 m²
Volume, LiDAR
6,377 m³
Tallest building
20.4 m
Buildings to scale, each on its own parcel
528 m², 8.7 m 226 m², 20.4 m 528 m², 8.7 m 226 m², 20.4 m

Environmental permits

2 applications in Flanders since 2021 · 1 granted
04-04-2022 Granted Functiewijziging zonder verbouwingswerken submitted 31-12-2021 · project 2021198888 Zaventem
07-02-2022 Discontinued Functiewijziging submitted 10-01-2022 · project 2021198836 Zaventem

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment All 2 establishment units on the map
3 companies at this address See who is registered here

Parcels

Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcelRegionArea Buildings Height / floors
21443A0102/00Z006Brussels2,093 m² 1 · 226 m² 20.4 m · 5
23772B0106/00C002Flanders1,234 m² 1 · 528 m² 8.7 m · 2

Recognitions

Food safety, FASFC

1 site
Zaventemunit number 2.132.339.221
1 permission
Authorisation · Industrial bakery · since 16-10-2023

Source: FAVV-AFSCA, open data, updated on 26-10-2026

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