RAYAMBE
ActiveSummary
RAYAMBE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,580 and a net result of €10,529. Equity is growing by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-19
Solvency52▲+6
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.29 in 2024; short-term debt: 29.9% and cash: 1.5% of total assets), and 73.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.6%
Return on assets
5.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
112 d late
2023
477 d late
2022
130 d late
2021
71 d late
2020
89 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 143 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€79,302▲ 138%
2018 · €33,330
EBIT margin
26.6%▲ 9.9pp
2018 · 16.7%
Net result
€10,529▼ 19.0%
2024 · €12,997
Working capital
-€38,741▼ 72.7%
2024 · -€22,439
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
Line20212022202320242025
Turnover
Operating result€21,338▲ 292%€43,022▲ 102%€6,968▼ 83.8%€18,947▲ 172%€25,241▲ 33.2%
Net result€13,740▲ 409%€39,325▲ 186%€5,722▼ 85.5%€12,997▲ 127%€10,529▼ 19.0%
EBIT margin
Equity-€16,992▲ 44.7%€22,333€28,054▲ 25.6%€41,051▲ 46.3%€51,580▲ 25.6%
Total assets€262,942▲ 9.5%€227,434▼ 13.5%€227,798▲ 0.2%€195,632▼ 14.1%€193,658▼ 1.0%
Debt€279,935▲ 3.3%€205,102▼ 26.7%€199,744▼ 2.6%€154,581▼ 22.6%€142,078▼ 8.1%
Working capital-€32,605▲ 19.1%€13,783€7,168▼ 48.0%-€22,439-€38,741▼ 72.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,658
Fixed assets
€174,486 ▼ 6.5%
Current assets
€19,171 ▲ 113%
Equity and liabilities €193,658
Equity
€51,580 ▲ 25.6%
Debt
€142,078 ▼ 8.1%
Debt's share of the balance-sheet total falls from 79.0% to 73.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,392▲
2024 · €31,415
Cash flow
€22,680▼
2024 · €25,464
Current ratio
0.33▲
2024 · 0.29
Debt to equity
2.75▼
2024 · 3.77
ROE
20.4%▼
2024 · 31.7%
ROA
5.4%▼
2024 · 6.6%
Interest coverage
3.92▼
2024 · 12.34
Debt ≤ 1 year
€57,913▲
2024 · €31,434
Debt > 1 year
€84,165▼
2024 · €123,147
Income taxes
€5,455▲
2024 · €3,404
Staff costs
€279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €279 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,840 | €8,516 | €11,969 | €12,468 | €12,151 | ▼ 2.5% |
| Other operating charges640/8 | €6,333 | €7,017 | €4,448 | €6,543 | €5,788 | ▼ 11.5% |
| Gross operating margin9900 | €36,511 | €58,556 | €23,385 | €37,958 | €43,459 | ▲ 14.5% |
| Operating profit (loss)9901 | €21,338 | €43,022 | €6,968 | €18,947 | €25,241 | ▲ 33.2% |
| Financial income75/76B | €1 | €0 | - | - | €292 | - |
| Recurring financial income75 | €1 | €0 | - | - | €292 | - |
| Financial charges65/66B | €756 | €3,698 | €1,195 | €2,546 | €9,549 | ▲ 275% |
| Recurring financial charges65 | €756 | €3,698 | €1,195 | €2,546 | €9,549 | ▲ 275% |
| Profit (loss) for the period before taxes9903 | €20,584 | €39,325 | €5,772 | €16,401 | €15,984 | ▼ 2.5% |
| Income taxes67/77 | €6,844 | - | €51 | €3,404 | €5,455 | ▲ 60.2% |
| Profit (loss) for the period9904 | €13,740 | €39,325 | €5,722 | €12,997 | €10,529 | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €13,740 | €39,325 | €5,722 | €12,997 | €10,529 | ▼ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,942 | €227,434 | €227,798 | €195,632 | €193,658 | ▼ 1.0% |
| Fixed assets21/28 | €213,233 | €206,170 | €195,703 | €186,637 | €174,486 | ▼ 6.5% |
| Tangible fixed assets22/27 | €213,103 | €206,040 | €195,573 | €186,507 | €174,356 | ▼ 6.5% |
| Land and buildings22 | €211,251 | €204,660 | €193,482 | €183,746 | €172,209 | ▼ 6.3% |
| Plant, machinery and equipment23 | €1,852 | - | €1,002 | €1,213 | €991 | ▼ 18.3% |
| Furniture and vehicles24 | - | €1,380 | €1,090 | €1,548 | €1,156 | ▼ 25.3% |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €49,709 | €21,265 | €32,095 | €8,995 | €19,171 | ▲ 113% |
| Amounts receivable within one year40/41 | €36,165 | €3,608 | €22,184 | - | €16,315 | - |
| Trade receivables40 | €16,150 | - | €1,150 | - | €695 | - |
| Other amounts receivable41 | €20,015 | €3,608 | €21,034 | - | €15,620 | - |
| Cash at bank and in hand54/58 | €13,541 | €17,657 | €9,911 | €8,995 | €2,857 | ▼ 68.2% |
| Deferred charges and accrued income490/1 | €3 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,942 | €227,434 | €227,798 | €195,632 | €193,658 | ▼ 1.0% |
| Equity10/15 | -€16,992 | €22,333 | €28,054 | €41,051 | €51,580 | ▲ 25.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €252 | €252 | €252 | €252 | €10,781 | ▲ 4,178% |
| Non-distributable reserves130/1 | €252 | €252 | €252 | €252 | €252 | = |
| Legal reserve130 | - | - | €252 | €252 | - | - |
| Reserves not available under the articles1311 | €252 | €252 | - | - | €252 | - |
| Distributable reserves133 | - | - | - | - | €10,529 | - |
| Profit (loss) carried forward14 | -€35,844 | €3,481 | €9,202 | €22,199 | €22,199 | = |
| Amounts payable17/49 | €279,935 | €205,102 | €199,744 | €154,581 | €142,078 | ▼ 8.1% |
| Amounts payable after more than one year17 | €197,620 | €197,620 | €172,553 | €123,147 | €84,165 | ▼ 31.7% |
| Financial debts170/4 | €197,620 | €197,620 | €172,553 | €123,147 | €84,165 | ▼ 31.7% |
| Amounts payable within one year42/48 | €82,315 | €7,482 | €24,926 | €31,434 | €57,913 | ▲ 84.2% |
| Current portion of amounts payable after more than one year42 | €10,006 | - | €12,533 | €12,533 | €38,982 | ▲ 211% |
| Trade debts44 | €705 | €3,086 | €7,946 | €3,241 | - | - |
| Suppliers440/4 | €705 | €3,086 | €7,946 | €3,241 | - | - |
| Advances received on contracts in progress46 | €51,650 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €8,654 | €4,396 | €4,447 | €15,660 | €18,931 | ▲ 20.9% |
| Taxes450/3 | €8,654 | €4,396 | €4,447 | €15,660 | €18,931 | ▲ 20.9% |
| Other amounts payable47/48 | €11,300 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,264 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,740 | €39,325 | €5,722 | €12,997 | €10,529 | ▼ 19.0% |
| + Depreciation and write-downs630 | €8,840 | €8,516 | €11,969 | €12,468 | €12,151 | ▼ 2.5% |
| Operating cash flow (approximation) | €22,580 | €47,841 | €17,691 | €25,464 | €22,680 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | -€1,453 | -€1,502 | -€3,402 | €0 | ▲ 100% |
| Change in cash | - | €4,116 | -€7,746 | -€916 | -€6,138 | ▼ 570% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
19-03
State Gazette act
Resignation: MAKHI Saliha (director)Appointment: MAKHI Saliha (non-statutory director) · Statutes amendment · Reserve release11 facts ▸
State Gazette act
Resignation: MAKHI Saliha (director)
Appointment: MAKHI Saliha (non-statutory director) · Statutes amendment · Reserve release11 facts ▸
- General meeting, 16/03/2026
- Statutes amendment
- Reserve release, Statutory unavailable equity account abolished and made available for distribution
- Statutes amendment
- Purpose change, De vennootschap heeft tot voorwerp: - uitbaten van taverne, restaurant, drankslijterij, dancings, tea-rooms, milk-bars, pizzeria, frituur, snackbar, enzovoort;…
- Statutes amendment
- Statutes amendment
- Power of attorney, DW Accountants & Belastingadviseurs BV
- Director resignation, MAKHI Saliha (director)
- Director appointment, MAKHI Saliha (non-statutory director)
- Audit decision, No auditor appointed as the company does not meet mandatory conditions under Article 3:72 WVV
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 112 days late
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 477 days late
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 130 days late
2022
31-12
Financial
Highest result since 2018net €39,325 ▲186%
Operating result €43,022, net result €39,325, both a record.
31-12
Financial
Liquidity times 5current ratio 2.84
Current ratio from 0.60 to 2.84; short-term debt falls from €82,315 to €7,482.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €2,697 ▼81.2%
Net result drops to €2,697, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 151 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
MAKHI Saliha
CurrentNon-statutory director · since 16-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2006
Ground area
517 m²
Building footprint
516 m²
Volume, LiDAR
2,503 m³
Parcel 11019B0263/00V007, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rayambe
since 20062.151.309.253
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0263/00V007 | Flanders | 517 m² | 1 · 516 m² | 9.4 m · 1 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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MAKHI Saliha |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 4,052 EUR awarded · 4,052 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 3,899 EUR | 3,899 EUR |
| 2022 | 1 | 153 EUR | 153 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.151.309.253
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Of 641 companies in sector 90312 we hold annual accounts for 227. 137 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
Founded04-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
90312Arts creation and performing arts activities
47711Retail sale of women's outerwear
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878346876
Also
9925:BE0878346876
Registered
12-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.