ray/ray/
ActiveSummary
ray/ray/ has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90k and a net result of €6k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-25
Solvency95▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 1.86 in 2023; short-term debt: 30.3% and cash: 33.7% of total assets), and 30.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
19 d early
2022
17 d late
2021
60 d late
2020
2 d late
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€90k▲ 16.1%
2023 · €78k
Total assets
€129k▲ 6.7%
2023 · €121k
Net result
€6k▼ 80.0%
2023 · €31k
Working capital
€48k▲ 41.0%
2023 · €34k
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
Line20202021202220232024
Operating result€-3k€12k€13k▲ 8.4%€45k▲ 239%€10k▼ 78.4%
Net result€-4k€10k€9k▼ 9.3%€31k▲ 258%€6k▼ 80.0%
Equity€28k▼ 13.1%€37k▲ 35.1%€46k▲ 23.6%€78k▲ 68.3%€90k▲ 16.1%
Total assets€95k▲ 38.3%€102k▲ 7.3%€114k▲ 12.2%€121k▲ 6.0%€129k▲ 6.7%
Debt€67k▲ 82.3%€65k▼ 4.1%€68k▲ 5.6%€44k▼ 36.1%€39k▼ 10.0%
Working capital€-218€3k€7k▲ 160%€34k▲ 397%€48k▲ 41.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €129k
Fixed assets
€42k ▼ 10.8%
Current assets
€87k ▲ 17.7%
Equity and liabilities €129k
Equity
€90k ▲ 16.1%
Debt
€39k ▼ 10.0%
Debt's share of the balance-sheet total falls from 36.0% to 30.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2023 · €49k
Cash flow
€11k▼
2023 · €36k
Current ratio
2.23▲
2023 · 1.86
Debt to equity
0.44▼
2023 · 0.56
ROE
7.0%▼
2023 · 40.6%
ROA
4.9%▼
2023 · 26.0%
Interest coverage
55.21▼
2023 · 149.83
Debt ≤ 1 year
€39k▼
2023 · €40k
Debt > 1 year
€0▼
2023 · €4k
Income taxes
€3k▼
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €5k | €5k | ▲ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-1k | €0 | ▲ 100% |
| Other operating charges640/8 | - | €6k | €6k | €10k | €2k | ▼ 83.6% |
| Gross operating margin9900 | €3k | €23k | €23k | €58k | €16k | ▼ 71.8% |
| Operating profit (loss)9901 | €-3k | €12k | €13k | €45k | €10k | ▼ 78.4% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | €645 | €677 | €330 | €266 | ▼ 19.3% |
| Recurring financial charges65 | €698 | €645 | €677 | €330 | €266 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €-4k | €11k | €12k | €44k | €9k | ▼ 78.8% |
| Income taxes67/77 | €109 | €2k | €4k | €13k | €3k | ▼ 76.0% |
| Profit (loss) for the period9904 | €-4k | €10k | €9k | €31k | €6k | ▼ 80.0% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €10k | €9k | €31k | €6k | ▼ 80.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95k | €102k | €114k | €121k | €129k | ▲ 6.7% |
| Fixed assets21/28 | €53k | €52k | €50k | €47k | €42k | ▼ 10.8% |
| Tangible fixed assets22/27 | €53k | €52k | €50k | €47k | €42k | ▼ 10.8% |
| Land and buildings22 | - | €44k | €41k | €38k | €34k | ▼ 8.9% |
| Furniture and vehicles24 | - | €2k | €3k | €4k | €3k | ▼ 21.6% |
| Other tangible fixed assets26 | - | €6k | €6k | €5k | €4k | ▼ 15.7% |
| Current assets29/58 | €43k | €50k | €64k | €74k | €87k | ▲ 17.7% |
| Amounts receivable within one year40/41 | €29k | €32k | €43k | €15k | €42k | ▲ 182% |
| Trade receivables40 | - | €25k | €40k | €13k | €30k | ▲ 129% |
| Other amounts receivable41 | - | €6k | €3k | €2k | €12k | ▲ 555% |
| Cash at bank and in hand54/58 | €13k | €18k | €21k | €59k | €44k | ▼ 26.3% |
| Deferred charges and accrued income490/1 | - | €355 | €291 | €265 | €2k | ▲ 533% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95k | €102k | €114k | €121k | €129k | ▲ 6.7% |
| Equity10/15 | €28k | €37k | €46k | €78k | €90k | ▲ 16.1% |
| Contributions10/11 | - | €12k | €12k | €12k | €19k | ▲ 49.6% |
| Reserves13 | €15k | €25k | €34k | €65k | €71k | ▲ 9.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €23k | €32k | €65k | €71k | ▲ 9.7% |
| Amounts payable17/49 | €67k | €65k | €68k | €44k | €39k | ▼ 10.0% |
| Amounts payable after more than one year17 | €25k | €18k | €11k | €4k | €0 | ▼ 100% |
| Financial debts170/4 | - | €18k | €11k | €4k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €43k | €47k | €58k | €40k | €39k | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €7k | €4k | ▼ 49.4% |
| Trade debts44 | €4k | €4k | €4k | €8k | €4k | ▼ 53.9% |
| Suppliers440/4 | - | €4k | €4k | €8k | €4k | ▼ 53.9% |
| Taxes, remuneration and social security45 | - | €7 | €654 | €540 | €0 | ▼ 100% |
| Taxes450/3 | - | €7 | €654 | €540 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €36k | €46k | €25k | €32k | ▲ 29.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €128 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €10k | €9k | €31k | €6k | ▼ 80.0% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €5k | €5k | ▲ 3.1% |
| Operating cash flow (approximation) | €-79 | €14k | €13k | €36k | €11k | ▼ 68.7% |
| Investment in fixed assets (approximation) | - | €-4k | €-2k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €5k | €3k | €38k | €-16k | ▼ 141% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €31k ▲258%
Operating result €45k, net result €31k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schaarbeek · 1 establishment unit since 2015
Ground area
452 m²
Building footprint
459 m²
Volume, LiDAR
10,964 m³
Parcel 21905C0090/02F013, Brussels · tallest building 28.9 m, ±8 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
alt-r
since 20152.240.386.036
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0090/02F013 | Brussels | 452 m² | 1 · 459 m² | 28.9 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.
Similar companies · same sector, comparable size
GOTALE
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TAUP
BE 1007.735.671
Lendelede · Eq €89,825
Velor Architecten
BE 0715.460.914
Antwerpen · Eq €90,259
LABRIZ
BE 0822.672.539
De Haan · Eq €90,281
IDP CREATIVE
BE 0721.892.707
Waterloo · Eq €89,706
Of 3,923 companies in sector 71112 we hold annual accounts for 1,294. 1,064 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
Founded06-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.