Result
The result fell in 2025 from €75,299 to €11,036.
The result fell in 2025 from €75,299 to €11,036.
The micro format states no turnover.
More equity than 83% of companies in other professional activities. Sector median €40,855 · 4,564 companies.
In July 2024, 2,545 companies had the same profile as RAY ENGINEERING CONSULTANCY has now. Each dot stands for 7 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,545 companies, not a prediction for RAY ENGINEERING CONSULTANCY. 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.
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.
| Company | ||||
|---|---|---|---|---|
| RAY ENGINEERING CONSULTANCY Ans | €275,285 | €39,539 | 57.3% | - |
| ASBELCO Zonhoven | €271,078 | €41,312 | 21.8% | - |
| PHILSA Brasschaat | €270,432 | €44,100 | 23.0% | - |
| ALBRIAN Uccle | €330,145 | €47,375 | 21.6% | - |
| MADEBU Consult Bruges | €218,205 | €43,286 | 93.1% | - |
| ASBITEX Zedelgem | €199,815 | €41,099 | 62.8% | - |
| Alfa Certi Sint-Niklaas | €209,099 | €45,411 | 79.6% | - |
These companies have the same main activity as RAY ENGINEERING CONSULTANCY: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €200,000 and €330,000, founded between 2022 and 2023.
RAY ENGINEERING CONSULTANCY files the micro format. That format states no turnover. The gross margin fell from €87,393 in 2023 to €39,539 in 2025.
The balance sheet grew most in 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €96,000 and €290,000.
Higher than 57% of 4,561 companies in 2025.
Higher than 72% of 4,377 companies in 2025.
Higher than 38% of 4,412 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
275,285 | 278,372 | 113,533 | |
21/28 |
79,639 | 90,911 | 2,971 | |
22/27 |
79,639 | 90,911 | 2,971 | |
22 |
9,026 | - | - | |
23 |
1,277 | 2,124 | 2,971 | |
24 |
69,336 | 88,787 | - | |
29/58 |
195,646 | 187,461 | 110,562 | |
40/41 |
109,711 | 112,825 | 41,518 | |
40 |
20,303 | 46,648 | 32,518 | |
41 |
89,408 | 66,177 | 9,000 | |
54/58 |
81,685 | 67,636 | 69,044 | |
490/1 |
4,250 | 7,000 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
275,285 | 278,372 | 113,533 | |
10/15 |
157,606 | 146,570 | 71,271 | |
10/11 |
3,500 | 3,500 | 3,500 | |
14 |
154,106 | 143,070 | 67,771 | |
17/49 |
117,679 | 131,802 | 42,262 | |
17 |
62,721 | 75,127 | - | |
170/4 |
62,721 | 75,127 | - | |
42/48 |
54,958 | 56,675 | 42,262 | |
43 |
12,406 | 11,620 | - | |
430/8 |
12,406 | 11,620 | - | |
44 |
33,540 | 20,606 | 4,715 | |
440/4 |
33,540 | 20,606 | 4,715 | |
45 |
9,012 | 24,449 | 32,419 | |
450/3 |
9,012 | 24,449 | 30,419 | |
454/9 |
- | - | 2,000 | |
47/48 |
- | - | 5,128 | |
| Income statement | ||||
9900 |
39,539 | 106,202 | 87,393 | |
630 |
20,774 | 9,318 | 576 | |
640/8 |
400 | 989 | 65 | |
9901 |
18,365 | 95,895 | 86,752 | |
75/76B |
3,672 | 1,600 | - | |
75 |
3,672 | 1,600 | - | |
65/66B |
6,798 | 2,090 | 86 | |
65 |
6,798 | 2,090 | 86 | |
9903 |
15,239 | 95,405 | 86,666 | |
67/77 |
4,203 | 20,106 | 18,895 | |
9904 |
11,036 | 75,299 | 67,771 | |
9905 |
11,036 | 75,299 | 67,771 | |
| Appropriation of the result | ||||
9906 |
154,106 | 143,070 | 67,771 | |
14P |
143,070 | 67,771 | - | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 39,139 | 105,213 | 87,328 | ||
| 31,810 | 84,617 | 68,347 | ||
| 9,502 | 97,258 | 3,547 | ||
| 14,049 | -1,408 | - | ||
| 140,688 | 130,786 | 68,300 | ||
| 57.3% | 52.7% | 62.8% | ||
| 3.56 | 3.31 | 2.62 | ||
| 0.75 | 0.90 | 0.59 | ||
| 7.0% | 51.4% | 95.1% | ||
| 4.0% | 27.0% | 59.7% | ||
| 5.76 | 50.34 | over 100 |
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.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €9,502 | €97,258 | €3,547 |
| €20,774 | €9,318 | €576 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 81% lower than in 2024 and the lowest since 2023.
Debt's share of the balance-sheet total falls from 47.3% to 42.7%. Equity is higher and debt is lower.
RAY ENGINEERING CONSULTANCY has no parent and no holdings in its annual accounts. is the only director. RAY ENGINEERING CONSULTANCY shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Ray EC registered office Rue de l'Enclos 58, 4432 Ans | 01-01-2023 | 2.339.812.521 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62001B0908/00M005 | 444 m² | 1 · 96 m² | 8.9 m · 3 |
If something looks wrong or is missing, please tell us.