RAYAN CONSTRUCT
Bankruptcy closedSummary
RAYAN CONSTRUCT was declared bankrupt on 09-12-2019 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 17-05-2022, published in the Belgian State Gazette on 30-05-2022. The 2016 annual accounts show equity of €26,079 and a net result of €4,089.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
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Financials · fiscal year 2016, full schema
Turnover
€166,168▲ 26.0%
2015 · €131,850
EBIT margin
2.5%▼ 13.4pp
2015 · 15.9%
Net result
€4,089▼ 80.5%
2015 · €20,963
Working capital
€26,079▲ 25.5%
2015 · €20,782
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
Line20122013201420152016
Turnover€40,240-€54,778▲ 36.1%€123,601▲ 126%€131,850▲ 6.7%€166,168▲ 26.0%
Operating result-€21,194--€2,972▲ 86.0%€3,956€20,996▲ 431%€4,124▼ 80.4%
Net result-€21,360--€3,087▲ 85.5%€3,650€20,963▲ 474%€4,089▼ 80.5%
EBIT margin-52.7%--5.4%▲ 47.2pp3.2%▲ 8.6pp15.9%▲ 12.7pp2.5%▼ 13.4pp
Equity-€744--€3,831▼ 415%-€181▲ 95.3%€20,782€26,079▲ 25.5%
Total assets€8,135-€17,176▲ 111%€34,478▲ 101%€42,552▲ 23.4%€33,628▼ 21.0%
Debt€8,879-€21,007▲ 137%€34,659▲ 65.0%€21,770▼ 37.2%€7,549▼ 65.3%
Working capital-€1,061--€3,831▼ 261%-€181▲ 95.3%€20,782€26,079▲ 25.5%
Staff (FTE)106,708
Result per fiscal year
Operating resultNet result
The operating result falls in 2016; 2016 is 80% below 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Equity and liabilities €33,628
Equity
€26,079 ▲ 25.5%
Debt
€7,549 ▼ 65.3%
Debt's share of the balance-sheet total falls from 51.2% to 22.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.45▲
2015 · 1.95
ROE
15.7%▼
2015 · 100.9%
ROA
12.2%▼
2015 · 49.3%
Debt ≤ 1 year
€7,549▼
2015 · €21,770
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €40,240 | €54,778 | €123,601 | €131,850 | €166,168 | ▲ 26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €317 | €317 | - | - | - | - |
| Gross operating margin9900 | -€6,459 | €24,387 | €110,664 | €54,958 | €6,879 | ▼ 87.5% |
| Operating profit (loss)9901 | -€21,194 | -€2,972 | €3,956 | €20,996 | €4,124 | ▼ 80.4% |
| Recurring financial charges65 | €138 | €116 | €95 | €33 | €35 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | -€21,360 | -€3,087 | €3,650 | €20,963 | €4,089 | ▼ 80.5% |
| Profit (loss) for the period9904 | -€21,360 | -€3,087 | €3,650 | €20,963 | €4,089 | ▼ 80.5% |
| Profit (loss) for the period to be appropriated9905 | -€21,360 | -€3,087 | €3,650 | €20,963 | €4,089 | ▼ 80.5% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,135 | €17,176 | €34,478 | €42,552 | €33,628 | ▼ 21.0% |
| Formation expenses20 | €317 | - | - | - | - | - |
| Fixed assets21/28 | €317 | - | - | - | - | - |
| Current assets29/58 | €7,818 | €17,176 | €34,478 | €42,552 | €33,628 | ▼ 21.0% |
| Stocks and contracts in progress3 | - | - | €3,700 | - | - | - |
| Amounts receivable within one year40/41 | €7,722 | €16,981 | €30,687 | €29,400 | €33,486 | ▲ 13.9% |
| Cash at bank and in hand54/58 | €96 | €195 | €91 | €13,152 | €142 | ▼ 98.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,135 | €17,176 | €34,478 | €42,552 | €33,628 | ▼ 21.0% |
| Equity10/15 | -€744 | -€3,831 | -€181 | €20,782 | €26,079 | ▲ 25.5% |
| Contributions10/11 | €16,200 | €16,200 | €16,200 | €16,200 | €17,408 | ▲ 7.5% |
| Reserves13 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€16,944 | -€20,031 | -€16,381 | €2,722 | €6,811 | ▲ 150% |
| Amounts payable17/49 | €8,879 | €21,007 | €34,659 | €21,770 | €7,549 | ▼ 65.3% |
| Amounts payable within one year42/48 | €8,879 | €21,007 | €34,659 | €21,770 | €7,549 | ▼ 65.3% |
| Trade debts44 | €846 | €9,762 | - | €19,263 | €4,334 | ▼ 77.5% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,360 | -€3,087 | €3,650 | €20,963 | €4,089 | ▼ 80.5% |
| + Depreciation and write-downs630 | €317 | €317 | - | - | - | - |
| Operating cash flow (approximation) | -€21,043 | -€2,770 | €3,650 | €20,963 | €4,089 | ▼ 80.5% |
| Change in cash | - | €99 | -€104 | €13,061 | -€13,010 | ▼ 200% |
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
2022
30-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 17-05-2022
2019
17-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 09-12-2019
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 170 days late
17-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 535 days late
2016
30-09
Financial
Liquidity doublescurrent ratio 4.45
Current ratio from 1.95 to 4.45; short-term debt falls from €21,770 to €7,549.
2015
30-09
Financial
Highest result since 2012net €20,963 ▲474%
Operating result €20,996, net result €20,963, both a record.
19-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-09
Financial
Back to profitnet €3,650
Net result €3,650 after 2 loss-making years.
08-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 8 days late
2013
13-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 44 days late
2012
14-04
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Brussel · 1 establishment unit since 2011
Ground area
8,111 m²
Building footprint
5,809 m²
Volume, LiDAR
106,039 m³
2 parcels, Brussels · tallest building 28.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20112.196.541.640
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0114/00B000indicative | Brussels | 8,002 m² | 1 · 5,725 m² | 28.0 m · 7 fl. |
| 21906D0266/00G000 | Brussels | 109 m² | 1 · 84 m² | 18.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LE GENTIL DE ROSMORDUC AVENUE
LOUISE 349/17, 1050 BRUXELLES 5 |
09-12-2019 → 17-05-2022 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-11-2010
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.