RAYALO
ActiveSummary
RAYALO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €276k and a net result of €9k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-3
Solvency90▲+12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.6 in 2023; short-term debt: 16.8% and cash: 0.1% of total assets), and 35.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
184 d late
2021
29 d late
2020
143 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€276k▲ 3.4%
2023 · €267k
2018: €151klowest in 7 years
2019: €174k▲ +15.4% vs 2018
2020: €191k▲ +9.7% vs 2019
2021: €213k▲ +11.6% vs 2020
2022: €245k▲ +15.4% vs 2021
2023: €267k▲ +8.9% vs 2022
2024: €276k▲ +3.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€427k▼ 15.9%
2023 · €507k
2018: €450k
2019: €451k▲ +0.2% vs 2018
2020: €453k▲ +0.5% vs 2019
2021: €442k▼ -2.5% vs 2020
2022: €493k▲ +11.5% vs 2021
2023: €507k▲ +3.0% vs 2022highest in 7 years
2024: €427k▼ -15.9% vs 2023lowest in 7 years
2018 → 2024
Net result
€9k▼ 58.5%
2023 · €22k
2018: €13k
2019: €23k▲ +75.3% vs 2018
2020: €26k▲ +11.7% vs 2019
2021: €22k▼ -14.8% vs 2020
2022: €33k▲ +48.0% vs 2021highest in 7 years
2023: €22k▼ -33.3% vs 2022
2024: €9k▼ -58.5% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-44k▲ 21.6%
2023 · €-56k
2018: €-107klowest in 7 years
2019: €-84k▲ +20.9% vs 2018
2020: €-50k▲ +40.5% vs 2019
2021: €-73k▼ -44.3% vs 2020
2022: €-88k▼ -22.0% vs 2021
2023: €-56k▲ +36.1% vs 2022
2024: €-44k▲ +21.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€191k-€213k▲ 11.6%€245k▲ 15.4%€267k▲ 8.9%€276k▲ 3.4%
2020: €191klowest in 5 years
2021: €213k▲ +11.6% vs 2020
2022: €245k▲ +15.4% vs 2021
2023: €267k▲ +8.9% vs 2022
2024: €276k▲ +3.4% vs 2023highest in 5 years
Operating result€38k-€35k▼ 6.7%€60k▲ 68.5%€37k▼ 38.5%€21k▼ 43.1%
2020: €38k
2021: €35k▼ -6.7% vs 2020
2022: €60k▲ +68.5% vs 2021highest in 5 years
2023: €37k▼ -38.5% vs 2022
2024: €21k▼ -43.1% vs 2023lowest in 5 years
Net result€26k-€22k▼ 14.8%€33k▲ 48.0%€22k▼ 33.3%€9k▼ 58.5%
2020: €26k
2021: €22k▼ -14.8% vs 2020
2022: €33k▲ +48.0% vs 2021highest in 5 years
2023: €22k▼ -33.3% vs 2022
2024: €9k▼ -58.5% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 43% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €427k
Fixed assets
€399k ▼ 5.7%
Current assets
€27k ▼ 67.4%
Equity and liabilities €427k
Equity
€276k ▲ 3.4%
Debt
€150k ▼ 37.4%
Debt's share of the balance-sheet total falls from 47.3% to 35.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▼
2023 · €66k
Cash flow
€38k▼
2023 · €51k
Current ratio
0.38▼
2023 · 0.60
Debt to equity
0.54▼
2023 · 0.90
ROE
3.3%▼
2023 · 8.2%
ROA
2.1%▼
2023 · 4.3%
Interest coverage
7.48▼
2023 · 9.32
Debt ≤ 1 year
€72k▼
2023 · €141k
Debt > 1 year
€78k▼
2023 · €99k
Income taxes
€7k▼
2023 · €9k
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€507k€427k▼
Fixed assets21/28€423k€399k▼
Tangible fixed assets22/27€423k€399k▼
Land and buildings22€363k€350k▼
Plant, machinery and equipment23€46k€41k▼
Furniture and vehicles24€14k€8k▼
Current assets29/58€84k€27k▼
Amounts receivable within one year40/41€73k€26k▼
Trade receivables40€41k€182▼
Other amounts receivable41€32k€26k▼
Cash at bank and in hand54/58€9k€294▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€507k€427k▼
Equity10/15€267k€276k▲
Contributions10/11€19k€19k=
Reserves13€249k€258k▲
Distributable reserves133€249k€258k▲
Amounts payable17/49€240k€150k▼
Amounts payable after more than one year17€99k€78k▼
Financial debts170/4€99k€78k▼
Amounts payable within one year42/48€141k€72k▼
Current portion of amounts payable after more than one year42€19k€21k▲
Trade debts44€3k€409▼
Suppliers440/4€3k€409▼
Taxes, remuneration and social security45€26k€16k▼
Taxes450/3€26k€16k▼
Other amounts payable47/48€92k€34k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€29k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€71k€55k▼
Operating profit (loss)9901€37k€21k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€31k€16k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€22k€9k▼
Profit (loss) for the period to be appropriated9905€22k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€9k▼
Transfer to equity691/2€22k€9k▼
To other reserves6921€22k€9k▼
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €23k | €27k | €29k | €29k | ▲ 0.5% |
| Other operating charges640/8 | - | €3k | €4k | €5k | €5k | ▲ 10.4% |
| Gross operating margin9900 | €59k | €61k | €91k | €71k | €55k | ▼ 21.4% |
| Operating profit (loss)9901 | €38k | €35k | €60k | €37k | €21k | ▼ 43.1% |
| Financial income75/76B | - | - | - | €1k | €2k | ▲ 74.5% |
| Recurring financial income75 | €0 | - | - | €1k | €2k | ▲ 74.5% |
| Financial charges65/66B | - | €1k | €10k | €7k | €7k | ▼ 5.1% |
| Recurring financial charges65 | €3k | €1k | €10k | €7k | €7k | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €35k | €34k | €49k | €31k | €16k | ▼ 47.3% |
| Income taxes67/77 | €9k | €12k | €17k | €9k | €7k | ▼ 20.1% |
| Profit (loss) for the period9904 | €26k | €22k | €33k | €22k | €9k | ▼ 58.5% |
| Profit (loss) for the period to be appropriated9905 | €26k | €22k | €33k | €22k | €9k | ▼ 58.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €453k | €442k | €493k | €507k | €427k | ▼ 15.9% |
| Fixed assets21/28 | €414k | €421k | €452k | €423k | €399k | ▼ 5.7% |
| Tangible fixed assets22/27 | €414k | €421k | €452k | €423k | €399k | ▼ 5.7% |
| Land and buildings22 | - | €395k | €381k | €363k | €350k | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | €52k | €46k | €41k | ▼ 12.1% |
| Furniture and vehicles24 | - | €26k | €20k | €14k | €8k | ▼ 40.6% |
| Current assets29/58 | €39k | €20k | €40k | €84k | €27k | ▼ 67.4% |
| Amounts receivable within one year40/41 | - | €11k | €35k | €73k | €26k | ▼ 64.2% |
| Trade receivables40 | - | €7k | €8k | €41k | €182 | ▼ 99.6% |
| Other amounts receivable41 | - | €4k | €27k | €32k | €26k | ▼ 18.6% |
| Cash at bank and in hand54/58 | €38k | €10k | €5k | €9k | €294 | ▼ 96.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €1k | ▼ 54.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €453k | €442k | €493k | €507k | €427k | ▼ 15.9% |
| Equity10/15 | €191k | €213k | €245k | €267k | €276k | ▲ 3.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €172k | €194k | €227k | €249k | €258k | ▲ 3.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €192k | €225k | €249k | €258k | ▲ 3.6% |
| Profit (loss) carried forward14 | €130k | - | - | - | - | - |
| Amounts payable17/49 | €262k | €229k | €247k | €240k | €150k | ▼ 37.4% |
| Amounts payable after more than one year17 | €173k | €136k | €118k | €99k | €78k | ▼ 21.0% |
| Financial debts170/4 | - | €136k | €118k | €99k | €78k | ▼ 21.0% |
| Amounts payable within one year42/48 | €89k | €93k | €129k | €141k | €72k | ▼ 49.0% |
| Current portion of amounts payable after more than one year42 | - | €15k | €18k | €19k | €21k | ▲ 10.5% |
| Trade debts44 | €2k | - | €1k | €3k | €409 | ▼ 87.9% |
| Suppliers440/4 | - | - | €1k | €3k | €409 | ▼ 87.9% |
| Taxes, remuneration and social security45 | - | €19k | €29k | €26k | €16k | ▼ 37.7% |
| Taxes450/3 | - | €19k | €29k | €26k | €16k | ▼ 37.7% |
| Other amounts payable47/48 | - | €59k | €80k | €92k | €34k | ▼ 63.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €22k | €33k | €22k | €9k | ▼ 58.5% |
| + Depreciation and write-downs630 | €18k | €23k | €27k | €29k | €29k | ▲ 0.5% |
| Operating cash flow (approximation) | €44k | €45k | €60k | €51k | €38k | ▼ 24.7% |
| Investment in fixed assets (approximation) | - | €-30k | €-59k | €0 | €-5k | - |
| Change in cash | - | €-29k | €-4k | €4k | €-9k | ▼ 346% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €9k ▼58.5%
Net result drops to €9k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 184 days late
2022
31-12
Financial
Highest result since 2018net €33k ▲48%
Operating result €60k, net result €33k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €200kEq €213k ▲11.6%
4 profitable years in a row build equity to €213k.
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 143 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Nijlen · 1 establishment unit since 2009
Ground area
5,265 m²
Building footprint
243 m²
Volume, LiDAR
1,199 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Boechoutsesteenweg 151, 2540 Hove
since 20092.179.138.058
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0191/00D002 | Flanders | 4,258 m² | 1 · 28 m² | 8.4 m · 2 fl. |
| 12018B0517/00N000 | Flanders | 1,007 m² | 1 · 215 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,763 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
Founded30-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.