RAYAN'S
ActiveThe computed 12-month bankruptcy probability of RAYAN'S is 1.9% (moderate). The 2024 annual accounts show equity of €381k and a net result of €66k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 18939 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+11
Solvency84▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity ample (current ratio 2.0 against 1.66 in 2023; short-term debt: 40.8% and cash: 8% of total assets), and 40.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
251 d late
2022
193 d late
2021
122 d late
2020
13 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66k▲ 486%
2023 · €11k
2018: €76k
2019: €117k
2020: €153k
2021: €158k
2022: €-30k
2023: €11k
2018 → 2024
Working capital
€264k▲ 33.6%
2023 · €198k
2018: €-17k
2019: €109k
2020: €217k
2021: €291k
2022: €207k
2023: €198k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€235k-€334k▲ 41.8%€304k▼ 9.0%€315k▲ 3.7%€381k▲ 21.1%
Operating result€166k-€247k▲ 48.5%€-22k€38k€93k▲ 144%
Net result€153k-€158k▲ 3.7%€-30k€11k€66k▲ 486%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 144% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €645k
Fixed assets
€117k=
Current assets
€527k▲ 6.1%
Equity and liabilities €645k
Equity
€381k▲ 21.1%
Debt
€263k▼ 12.0%
The debt ratio falls from 48.7% to 40.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€123k▲
2023 · €62k
Cash flow
€96k▲
2023 · €35k
Solvency
59.2%▲
2023 · 51.3%
Current ratio
2.00▲
2023 · 1.66
Quick ratio
2.00▲
2023 · 1.66
Debt / equity
0.69▼
2023 · 0.95
ROE
17.4%▲
2023 · 3.6%
ROA
10.3%▲
2023 · 1.8%
Interest coverage
202.83▲
2023 · 163.81
Debt
€263k▼
2023 · €299k
Debt ≤ 1 year
€263k▼
2023 · €299k
Income taxes
€26k▼
2023 · €27k
Staff costs
€289k▼
2023 · €326k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€614k€645k▲
Fixed assets21/28€117k€117k=
Intangible fixed assets21€30k€60k▲
Tangible fixed assets22/27€86k€56k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€81k€53k▼
Financial fixed assets28€2k€2k=
Current assets29/58€497k€527k▲
Amounts receivable within one year40/41€488k€476k▼
Trade receivables40€125k€49k▼
Other amounts receivable41€363k€427k▲
Cash at bank and in hand54/58€5k€51k▲
Deferred charges and accrued income490/1€4k€32▼
Equity and liabilities
Total equity and liabilities10/49€614k€645k▲
Equity10/15€315k€381k▲
Contributions10/11€55k€55k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€255k€321k▲
Amounts payable17/49€299k€263k▼
Amounts payable within one year42/48€299k€263k▼
Trade debts44€208k€181k▼
Suppliers440/4€208k€181k▼
Taxes, remuneration and social security45€71k€62k▼
Taxes450/3€47k€44k▼
Remuneration and social security454/9€24k€18k▼
Other amounts payable47/48€20k€20k=
Income statement
Code20232024
Remuneration, social security and pensions62€326k€289k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€30k▲
Other operating charges640/8€35k€14k▼
Gross operating margin9900€423k€426k▲
Operating profit (loss)9901€38k€93k▲
Financial income75/76B€9-
Recurring financial income75€9-
Financial charges65/66B€380€608▲
Recurring financial charges65€380€608▲
Profit (loss) for the period before taxes9903€38k€93k▲
Income taxes67/77€27k€26k▼
Profit (loss) for the period9904€11k€66k▲
Profit (loss) for the period to be appropriated9905€11k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€255k€321k▲
Profit (loss) brought forward from the previous period14P€243k€255k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 251 days late
2024
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 193 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-30k ▼119%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 122 days late
2021
31-12
Financial
Highest result since 2018net €158k ▲3.7%
Operating result €247k, net result €158k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 13 days late
2020
31-12
Financial
Equity above €200kEq €235k ▲49%
3 profitable years in a row build equity to €235k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Equity above €150kEq €158k ▲107%
2 profitable years in a row build equity to €158k.
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 134 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 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, Namur · 1 establishment unit since 2017
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.
Place de la Station 245000 NamurGround area
198 m²
Building footprint
73 m²
Volume, LiDAR
976 m³
Parcel 92094C0111/00W018, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
O'TACOS
since 20172.267.481.403
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0111/00W018 | Wallonia | 198 m² | 1 · 73 m² | 15.4 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.267.481.403
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,783. 5,143 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2017
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.