RAY ENGINEERING CONSULTANCY
ActiveSummary
RAY ENGINEERING CONSULTANCY has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €147k and a net result of €75k. Its solvency ranks better than 52% of 4352 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency78▼-10
Growth78
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.31 against 2.62 in 2023; short-term debt: 20.4% and cash: 24.3% of total assets), and 47.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€147k▲ 106%
2023 · €71k
2023: €71k
2024: €147k▲ +106% vs 2023
2023 → 2024
Total assets
€278k▲ 145%
2023 · €114k
2023: €114k
2024: €278k▲ +145% vs 2023
2023 → 2024
Net result
€75k▲ 11.1%
2023 · €68k
2023: €68k
2024: €75k▲ +11.1% vs 2023
2023 → 2024
Working capital
€131k▲ 91.5%
2023 · €68k
2023: €68k
2024: €131k▲ +91.5% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€71k-€147k▲ 106%
2023: €71k
2024: €147k▲ +106% vs 2023
Operating result€87k-€96k▲ 10.5%
2023: €87k
2024: €96k▲ +10.5% vs 2023
Net result€68k-€75k▲ 11.1%
2023: €68k
2024: €75k▲ +11.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 11% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €278k
Fixed assets
€91k ▲ 2,960%
Current assets
€187k ▲ 69.6%
Equity and liabilities €278k
Equity
€147k ▲ 106%
Debt
€132k ▲ 212%
Debt's share of the balance-sheet total rises from 37.2% to 47.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105k▲
2023 · €87k
Cash flow
€85k▲
2023 · €68k
Current ratio
3.31▲
2023 · 2.62
Debt to equity
0.90▲
2023 · 0.59
ROE
51.4%▼
2023 · 95.1%
ROA
27.0%▼
2023 · 59.7%
Interest coverage
50.34▼
2023 · 1015.44
Debt ≤ 1 year
€57k▲
2023 · €42k
Debt > 1 year
€75k
Income taxes
€20k▲
2023 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€114k€278k▲
Fixed assets21/28€3k€91k▲
Tangible fixed assets22/27€3k€91k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24-€89k
Current assets29/58€111k€187k▲
Amounts receivable within one year40/41€42k€113k▲
Trade receivables40€33k€47k▲
Other amounts receivable41€9k€66k▲
Cash at bank and in hand54/58€69k€68k▼
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€114k€278k▲
Equity10/15€71k€147k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€68k€143k▲
Amounts payable17/49€42k€132k▲
Amounts payable after more than one year17-€75k
Financial debts170/4-€75k
Amounts payable within one year42/48€42k€57k▲
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€5k€21k▲
Suppliers440/4€5k€21k▲
Taxes, remuneration and social security45€32k€24k▼
Taxes450/3€30k€24k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€5k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€576€9k▲
Other operating charges640/8€65€989▲
Gross operating margin9900€87k€106k▲
Operating profit (loss)9901€87k€96k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€86€2k▲
Recurring financial charges65€86€2k▲
Profit (loss) for the period before taxes9903€87k€95k▲
Income taxes67/77€19k€20k▲
Profit (loss) for the period9904€68k€75k▲
Profit (loss) for the period to be appropriated9905€68k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€143k▲
Profit (loss) brought forward from the previous period14P-€68k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €576 | €9k | ▲ 1,518% |
| Other operating charges640/8 | €65 | €989 | ▲ 1,422% |
| Gross operating margin9900 | €87k | €106k | ▲ 21.5% |
| Operating profit (loss)9901 | €87k | €96k | ▲ 10.5% |
| Financial income75/76B | - | €2k | - |
| Recurring financial income75 | - | €2k | - |
| Financial charges65/66B | €86 | €2k | ▲ 2,330% |
| Recurring financial charges65 | €86 | €2k | ▲ 2,330% |
| Profit (loss) for the period before taxes9903 | €87k | €95k | ▲ 10.1% |
| Income taxes67/77 | €19k | €20k | ▲ 6.4% |
| Profit (loss) for the period9904 | €68k | €75k | ▲ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €68k | €75k | ▲ 11.1% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €114k | €278k | ▲ 145% |
| Fixed assets21/28 | €3k | €91k | ▲ 2,960% |
| Tangible fixed assets22/27 | €3k | €91k | ▲ 2,960% |
| Plant, machinery and equipment23 | €3k | €2k | ▼ 28.5% |
| Furniture and vehicles24 | - | €89k | - |
| Current assets29/58 | €111k | €187k | ▲ 69.6% |
| Amounts receivable within one year40/41 | €42k | €113k | ▲ 172% |
| Trade receivables40 | €33k | €47k | ▲ 43.5% |
| Other amounts receivable41 | €9k | €66k | ▲ 635% |
| Cash at bank and in hand54/58 | €69k | €68k | ▼ 2.0% |
| Deferred charges and accrued income490/1 | - | €7k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €114k | €278k | ▲ 145% |
| Equity10/15 | €71k | €147k | ▲ 106% |
| Contributions10/11 | €4k | €4k | = |
| Profit (loss) carried forward14 | €68k | €143k | ▲ 111% |
| Amounts payable17/49 | €42k | €132k | ▲ 212% |
| Amounts payable after more than one year17 | - | €75k | - |
| Financial debts170/4 | - | €75k | - |
| Amounts payable within one year42/48 | €42k | €57k | ▲ 34.1% |
| Financial debts43 | - | €12k | - |
| Credit institutions430/8 | - | €12k | - |
| Trade debts44 | €5k | €21k | ▲ 337% |
| Suppliers440/4 | €5k | €21k | ▲ 337% |
| Taxes, remuneration and social security45 | €32k | €24k | ▼ 24.6% |
| Taxes450/3 | €30k | €24k | ▼ 19.6% |
| Remuneration and social security454/9 | €2k | - | - |
| Other amounts payable47/48 | €5k | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €75k | ▲ 11.1% |
| + Depreciation and write-downs630 | €576 | €9k | ▲ 1,518% |
| Operating cash flow (approximation) | €68k | €85k | ▲ 23.8% |
| Investment in fixed assets (approximation) | - | €-97k | - |
| Change in cash | - | €-1k | - |
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
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €147k ▲106%
2 profitable years in a row build equity to €147k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ans · 1 establishment unit since 2023
Ground area
444 m²
Building footprint
96 m²
Volume, LiDAR
722 m³
Parcel 62001B0908/00M005, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ray EC
since 20232.339.812.521
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0908/00M005 | Wallonia | 444 m² | 1 · 96 m² | 8.9 m · 3 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.
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Of 4,563 companies in sector 74999 we hold annual accounts for 1,934. 1,528 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2022
Fiscal year end31-12
Abbreviation FR
RAY EC
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
71121Engineering and related technical consultancy, excluding land surveyors
74201Photography, excluding press photography
82990Other business support services
Contact
E-mail
arobil@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.