RAYANMED
ActiveSummary
The computed 12-month bankruptcy probability of RAYANMED is 2.3% (moderate). The 2025 annual accounts show equity of €42,996 and a net result of -€10,835. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 4718 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-81
Solvency100=
Growth64=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 26.08 against 18.4 in 2024; short-term debt: 3.8% and cash: 4.2% of total assets), and 3.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.2%
Return on assets
-24.2%
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 05-08-2026, 5 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
5 d late
2024
29 d late
2023
78 d late
2021
23 d late
2020
215 d late
2019
40 d late
2018
42 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 62 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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. Usually files around 29 August (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€67,255▲ 51.3%
2021 · €44,440
EBIT margin
16.1%▼ 14.2pp
2021 · 30.3%
Net result
-€10,835
2024 · €5,449
Working capital
€42,421▼ 20.3%
2024 · €53,256
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Turnover€42,989€44,440▲ 3.4%€67,255-
Operating result€6,115▼ 49.7%€13,443▲ 120%€10,802-€7,319▼ 32.2%-€10,436
Net result€4,814within the sector's middle half▼ 58.9%€10,306within the sector's middle half▲ 114%€8,868within the sector's middle half-€5,449within the sector's middle half▼ 38.5%-€10,835below the sector's middle half
EBIT margin14.2%30.3%▲ 16.0pp16.1%-
Equity€24,864within the sector's middle half▲ 24.0%€35,170within the sector's middle half▲ 41.5%€48,382within the sector's middle half-€53,831within the sector's middle half▲ 11.3%€42,996within the sector's middle half▼ 20.1%
Total assets€38,001within the sector's middle half▲ 52.9%€40,615below the sector's middle half▲ 6.9%€71,139within the sector's middle half-€56,892within the sector's middle half▼ 20.0%€44,688within the sector's middle half▼ 21.5%
Debt€13,137▲ 173%€5,445▼ 58.6%€22,757-€3,061▼ 86.6%€1,692▼ 44.7%
Working capital€14,438within the sector's middle half▼ 26.6%€29,363within the sector's middle half▲ 103%€46,998within the sector's middle half-€53,256above the sector's middle half▲ 13.3%€42,421within the sector's middle half▼ 20.3%
Solvency65.4%above the sector's middle half▼ 15.2pp86.6%above the sector's middle half▲ 21.2pp68.0%above the sector's middle half-94.6%above the sector's middle half▲ 26.6pp96.2%above the sector's middle half▲ 1.6pp
Current ratio2.10within the sector's middle half▼ 2.996.39above the sector's middle half▲ 4.293.07above the sector's middle half-18.40above the sector's middle half▲ 15.3326.08above the sector's middle half▲ 7.68
Return on assets (ROA)12.7%within the sector's middle half▼ 34.4pp25.4%above the sector's middle half▲ 12.7pp12.5%within the sector's middle half-9.6%within the sector's middle half▼ 2.9pp-24.2%below the sector's middle half▼ 33.8pp
Staff (FTE)2within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,436 after €7,319 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,688
Fixed assets
€575 =
Current assets
€44,113 ▼ 21.7%
Equity and liabilities €44,688
Equity
€42,996 ▼ 20.1%
Debt
€1,692 ▼ 44.7%
Debt's share of the balance-sheet total falls from 5.4% to 3.8%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.04▼
2024 · 0.06
ROE
-25.2%▼
2024 · 10.1%
Debt ≤ 1 year
€1,692▼
2024 · €3,061
Income taxes
€320▼
2024 · €1,678
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,805 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 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €42,989 | €44,440 | €67,255 | - | - | - |
| Non-recurring operating income76A | - | €3,000 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €21,029 | €43,660 | - | - | - |
| Remuneration, social security and pensions62 | - | €3,068 | €12,607 | -€111 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,811 | €4,619 | - | €809 | - | - |
| Other operating charges640/8 | - | €2,282 | €185 | €2,044 | €2,626 | ▲ 28.5% |
| Gross operating margin9900 | €23,677 | €23,411 | €23,594 | €10,061 | -€7,810 | ▼ 178% |
| Operating profit (loss)9901 | €6,115 | €13,443 | €10,802 | €7,319 | -€10,436 | ▼ 243% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €217 | €210 | €191 | €79 | ▼ 58.9% |
| Recurring financial charges65 | €298 | €217 | €210 | €191 | €79 | ▼ 58.9% |
| Profit (loss) for the period before taxes9903 | €5,817 | €13,226 | €10,593 | €7,128 | -€10,515 | ▼ 248% |
| Income taxes67/77 | €1,003 | €2,920 | €1,725 | €1,678 | €320 | ▼ 80.9% |
| Profit (loss) for the period9904 | €4,814 | €10,306 | €8,868 | €5,449 | -€10,835 | ▼ 299% |
| Profit (loss) for the period to be appropriated9905 | €4,814 | €10,306 | €8,868 | €5,449 | -€10,835 | ▼ 299% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,001 | €40,615 | €71,139 | €56,892 | €44,688 | ▼ 21.5% |
| Fixed assets21/28 | €10,426 | €5,808 | €1,384 | €575 | €575 | = |
| Tangible fixed assets22/27 | €10,046 | €5,428 | €809 | - | - | - |
| Furniture and vehicles24 | - | €5,428 | €809 | - | - | - |
| Financial fixed assets28 | €380 | €380 | €575 | €575 | €575 | = |
| Current assets29/58 | €27,575 | €34,808 | €69,755 | €56,317 | €44,113 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €715 | €1,586 | €27,854 | €4,369 | €42,081 | ▲ 863% |
| Trade receivables40 | - | - | €23,530 | - | €207 | - |
| Other amounts receivable41 | - | €1,586 | €4,324 | €4,369 | €41,874 | ▲ 858% |
| Cash at bank and in hand54/58 | €24,978 | €32,164 | €39,337 | €51,948 | €1,863 | ▼ 96.4% |
| Deferred charges and accrued income490/1 | - | €1,058 | €2,564 | - | €169 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,001 | €40,615 | €71,139 | €56,892 | €44,688 | ▼ 21.5% |
| Equity10/15 | €24,864 | €35,170 | €48,382 | €53,831 | €42,996 | ▼ 20.1% |
| Contributions10/11 | - | €18,600 | €18,291 | €18,291 | €18,291 | = |
| Reserves13 | €9 | €9 | €9 | €9 | €9 | = |
| Non-distributable reserves130/1 | - | €9 | €9 | €9 | - | - |
| Reserves not available under the articles1311 | - | €9 | €9 | - | - | - |
| Other1319 | - | - | - | €9 | - | - |
| Distributable reserves133 | - | - | - | - | €9 | - |
| Profit (loss) carried forward14 | €6,255 | €16,561 | €30,082 | €35,531 | €24,697 | ▼ 30.5% |
| Amounts payable17/49 | €13,137 | €5,445 | €22,757 | €3,061 | €1,692 | ▼ 44.7% |
| Amounts payable within one year42/48 | €13,137 | €5,445 | €22,757 | €3,061 | €1,692 | ▼ 44.7% |
| Trade debts44 | €2,852 | €1,416 | €4,994 | €709 | - | - |
| Suppliers440/4 | - | €1,416 | €4,994 | €709 | - | - |
| Taxes, remuneration and social security45 | - | €3,144 | €8,484 | €2,351 | €1,692 | ▼ 28.1% |
| Taxes450/3 | - | €3,104 | €3,137 | €2,351 | €1,692 | ▼ 28.1% |
| Remuneration and social security454/9 | - | €40 | €5,346 | - | - | - |
| Other amounts payable47/48 | - | €885 | €9,280 | - | - | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,814 | €10,306 | €8,868 | €5,449 | -€10,835 | ▼ 299% |
| + Depreciation and write-downs630 | €3,811 | €4,619 | - | €809 | - | - |
| Operating cash flow (approximation) | €8,625 | €14,925 | €8,868 | €6,258 | -€10,835 | ▼ 273% |
| Investment in fixed assets (approximation) | - | -€0 | - | €0 | €0 | - |
| Change in cash | - | €7,186 | - | €12,611 | -€50,084 | ▼ 497% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
17-07
State Gazette act
Resignations: SABEK Hicham, EL UAHABI Khalid and EL UAHABI HoussamAppointment: MZERMA Fouzi (director) · Shareholding · Registered-office move14 facts ▸
State Gazette act
Resignations: SABEK Hicham, EL UAHABI Khalid and EL UAHABI Houssam
Appointment: MZERMA Fouzi (director) · Shareholding · Registered-office move14 facts ▸
- General meeting, 09-07-2026
- Shareholding, 09-07-2026, actions
- Shareholding, 09-07-2026, actions
- Registered-office move, Place des Maïeurs 4 bte 20, 1150 Woluwe-Saint-Pierre
- Share transfer, SABEK Hicham → MZERMA Fouzi
- Share transfer, EL UAHABI Khalid → MZERMA Azedine
- Other statement, prise en charge des dettes, date de signature du présent accord par tous les actionaires
- Director resignation, SABEK Hicham (director)
- Director resignation, EL UAHABI Khalid (director)
- Director resignation, EL UAHABI Houssam (director)
- Director appointment, MZERMA Fouzi (director)
- Shareholding, actions, 50
- +2 further facts in this act
2025
31-12
Financial
Weakest financial yearnet -€10,835
Net result drops to -€10,835, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity times 6current ratio 18.40
Current ratio from 3.07 to 18.40; short-term debt falls from €22,757 to €3,061.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 215 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 6.39
Current ratio from 2.10 to 6.39; short-term debt falls from €13,137 to €5,445.
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
31-12
Financial
Highest result since 2018net €11,700 ▲104%
Net result €11,700, the highest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
Show earlier events
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 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
MZERMA Fouzi
CurrentDirector · since 17-07-2026
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
12 of this company's 13 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, Sint-Pieters-Woluwe · 1 establishment unit since 2010
Ground area
4,327 m²
Building footprint
2,826 m²
Volume, LiDAR
27,969 m³
2 parcels, Brussels, Flanders · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
54
companies at this address
See who is registered here
1 establishment unit
BROTHER MZ
since 20102.190.769.447
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0101/00N000 | Brussels | 2,839 m² | 1 · 2,655 m² | 18.5 m · 5 fl. |
| 44007B0712/00D000 | Flanders | 1,488 m² | 1 · 172 m² | 6.4 m · 1 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.
Mandate history
4 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MZERMA Fouzi |
|
| EL UAHABI Houssam |
|
| EL UAHABI Khalid |
|
| SABEK Hicham |
|
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.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 17-07-2026 ↗
- SABEK Hicham 50 shares
- EL UAHABI Khalid 50 shares
- MZERMA Fouzi 50 shares
- MZERMA Azedine 50 shares
Share transfer
act of 17-07-2026 ↗
- SABEK Hicham to MZERMA Fouzi 50 shares
- EL UAHABI Khalid to MZERMA Azedine 50 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 6,683 companies in sector 49330 we hold annual accounts for 2,299. 1,912 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 (pre-2019)
Founded25-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824315995
Also
9925:BE0824315995
Registered
28-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.