Rayan
ActiveRayan has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288k and a net result of €-8k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 2291 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▲+2
Solvency97▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 60.24 against 77.6 in 2024; short-term debt: 0.3% and cash: 2.1% of total assets), and 27.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
59 d late
2023
34 d early
2022
49 d early
2021
on the day
2020
31 d late
2019
83 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€288k▼ 2.8%
2024 · €297k
2018: €350k
2019: €323k
2020: €322k
2021: €325k
2022: €317k
2023: €306k
2024: €297k
2018 → 2025
Total assets
€399k▼ 2.0%
2024 · €407k
2018: €508k
2019: €469k
2020: €445k
2021: €440k
2022: €435k
2023: €423k
2024: €407k
2018 → 2025
Net result
€-8k▲ 16.4%
2024 · €-10k
2018: €975
2019: €-12k
2020: €-707
2021: €3k
2022: €-8k
2023: €-11k
2024: €-10k
2018 → 2025
Working capital
€66k▲ 3.7%
2024 · €63k
2018: €93k
2019: €51k
2020: €-61k
2021: €-48k
2022: €64k
2023: €63k
2024: €63k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€325k-€317k▼ 2.3%€306k▼ 3.4%€297k▼ 3.2%€288k▼ 2.8%
Operating result€4k-€-2k€-4k▼ 87.0%€-3k▲ 21.3%€-2k▲ 51.1%
Net result€3k-€-8k€-11k▼ 42.6%€-10k▲ 8.7%€-8k▲ 16.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399k
Fixed assets
€332k▼ 3.1%
Current assets
€67k▲ 4.1%
Equity and liabilities €399k
Equity
€288k▼ 2.8%
Debt
€111k▲ 0.3%
The debt ratio rises from 27.2% to 27.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▲
2024 · €7k
Cash flow
€2k▲
2024 · €735
Solvency
72.2%▼
2024 · 72.8%
Current ratio
60.24▼
2024 · 77.60
Quick ratio
60.24▼
2024 · 77.60
Debt / equity
0.39▲
2024 · 0.37
ROE
-2.9%▲
2024 · -3.3%
ROA
-2.1%▲
2024 · -2.4%
Interest coverage
1.35▲
2024 · 1.11
Debt
€111k▲
2024 · €111k
Debt ≤ 1 year
€1k▲
2024 · €828
Debt > 1 year
€110k=
2024 · €110k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€407k€399k▼
Fixed assets21/28€343k€332k▼
Tangible fixed assets22/27€343k€332k▼
Land and buildings22€342k€332k▼
Furniture and vehicles24€1k€706▼
Current assets29/58€64k€67k▲
Amounts receivable after more than one year29€43k€43k=
Other amounts receivable291€43k€43k=
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40€5k€5k=
Other amounts receivable41€9k€10k▲
Cash at bank and in hand54/58€7k€8k▲
Deferred charges and accrued income490/1€48€46▼
Equity and liabilities
Total equity and liabilities10/49€407k€399k▼
Equity10/15€297k€288k▼
Contributions10/11€31k€31k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€262k€254k▼
Amounts payable17/49€111k€111k▲
Amounts payable after more than one year17€110k€110k=
Financial debts170/4€110k€110k=
Amounts payable within one year42/48€828€1k▲
Trade debts44€828€1k▲
Suppliers440/4€828€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€9k€11k▲
Operating profit (loss)9901€-3k€-2k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€-10k€-8k▲
Profit (loss) for the period9904€-10k€-8k▲
Profit (loss) for the period to be appropriated9905€-10k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€262k€254k▼
Profit (loss) brought forward from the previous period14P€272k€262k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Liquidity times 7current ratio 77.60
Current ratio from 11.11 to 77.60; short-term debt falls from €6k to €828.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 17current ratio 9.76
Current ratio from 0.58 to 9.76; short-term debt falls from €115k to €7k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
31-12
Financial
Weakest financial yearnet €-12k ▼1282%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Berlaar · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Markt 862590 BerlaarGround area
330 m²
Building footprint
207 m²
Volume, LiDAR
1,323 m³
Parcel 12002D0024/00T000, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Markt 86, 2590 Berlaar
since 19952.053.461.393
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0024/00T000 | Flanders | 330 m² | 1 · 207 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
AVR STAL
BE 0473.584.484
Jabbeke · Eq €288k
Always In Motion
BE 0847.434.362
Anderlecht · Eq €288k
ALPAMAYO
BE 0662.777.739
Beringen · Eq €288k
GOLF DE RIGENEE
BE 0421.820.237
Villers-la-Ville · Eq €287k
EXCLUSIVE STABLES
BE 0749.634.113
Balen · Eq €287k
Of 3,292 companies in sector 93110 we hold annual accounts for 1,492. 1,079 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-1991
Fiscal year end31-12
Activities, NACEBEL
92611
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.