Equity
€20,405 from €90,036 in 2024
Equity fell by 77% in 1 year.
ray/ray/
Lifetime
11 annual accounts with figures on one time axispeak €57,735 (2023)
€18,094▲ 11.0%
lowest -€6,802 (2016)
€7,863▲ 24.7%
peak €90,036 (2024)
€20,405▼ 77.3%
€94,223▲ 140%
Board1 name since 2015
1 directorPIETERS Liesbeth
Owners
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Dividend €77,495Equity from €90,036 to €20,405Debts from €39,304 to €94,223
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 26% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points 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: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €20,405 (17.8% of total assets)
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 0.81, cash €41,951
Size: total assets €114,628
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 71, micro). It does better than 21% of them on solvency, 35% on liquidity, 44% on profitability and 6% on growth.
The bankruptcy probability was computed on 10-11-2026 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 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, 5,053 companies had the same profile as ray/ray/ has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ray/ray/ itself is lower: 0.1% within 12 months. It rests on far more data about ray/ray/ than the profile alone.
Test of the method
The method was tested on the 497,448 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 5,053 companies, not a prediction for ray/ray/. 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 insufficient, with a current ratio of 0.81 (2.23 in 2024), below 1. Short-term debt is 81.7% and cash 36.6% of total assets. 82.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
22 days early
2023
19 days early
2022
17 days late
2021
60 days late
2020
2 days late
2019
37 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 4 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 13 July (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0597889291
Company renamed from ALT-R to ray/ray/
Registered office moved within Brussels · New registered office: Eugène Plaskylaan, 140A – bus 11, 1030 Brussel · Previous registered office: Louis Bertrandlaan, 100 – bus 32A, 1030 Brussel · Gazette deed
Incorporation
published on 23-02-2015 · Gazette deed
First establishment
alt-r, Eugène Plaskylaan 140A, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ray/ray/ Schaerbeek | €114,628 | €18,094 | 17.8% | - |
| STUDIO BOO DESIGN Ixelles | €108,961 | €18,458 | 19.2% | - |
| RAAR Sint-Martens-Latem | €106,984 | €21,231 | 50.1% | - |
| CHRISTOPHE TERNEST Sint-Gillis (bij-Brussel) | €86,199 | €19,383 | 88.9% | - |
| Meter In Anderlecht | €92,316 | €15,968 | 60.9% | - |
| Kristiaan Van Weert Architectuur Antwerp | €96,118 | €19,361 | 42.5% | - |
| ve'rs interieur Damme | €112,086 | €21,813 | 2.0% | 0 |
These companies have the same main activity as ray/ray/: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €86,200 and €112,000, founded between 2012 and 2016.
Official details
Source: KBO- Status
- Active since 06-02-2015Normal situation
- Activity
- Activities of interior architectsNACE 71112
- Establishment unit
- 2.240.386.0361030 Schaerbeek, since 06-02-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €90,000estimated
- €114,628▼ 11.4%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on ray/ray/
ray/ray/ files the micro format. That format states no turnover. The gross margin rose from €1,183 in 2015 to €18,094 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
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 ray/ray/
- What is the company number of ray/ray/?
- The company number of ray/ray/ is 0597.889.291. The VAT number is the same number with BE in front: BE 0597.889.291.
- Where is ray/ray/ based?
- The registered office is at Eugène Plaskylaan 140A, 1030 Schaerbeek.Company details
- What does ray/ray/ do?
- According to the KBO register, the main activity is activities of interior architects (NACE 71112).
- What is the legal form of ray/ray/?
- ray/ray/ is a private limited company (BV).
- When was ray/ray/ founded?
- ray/ray/ was founded on 06-02-2015.
- Is ray/ray/ still active?
- Yes, ray/ray/ is an active enterprise in the KBO register.
- What is the turnover of ray/ray/?
- The turnover in financial year 2025 is ≈ €90,000. This figure is estimated from the gross margin of €18,094 and 94 comparable companies (NACE 711). It probably lies between €55,000 and €180,000. It is a rough estimate.Financials
- Is ray/ray/ profitable?
- In financial year 2025, ray/ray/ made a profit of €7,863.
- Where can I find the annual accounts of ray/ray/?
- ray/ray/ filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ray/ray/ due?
- ray/ray/ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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