RAYAR
Annual accounts 2025
micro format, filed on 31-07-2026, on the day of the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €320,000. Estimated: probably between €170,000 and €440,000.
Balance sheet
balance sheet total €236,168 on 31-12-2025in euro
in euro
Position in the sector
42.1%
Higher than 58% of 22,917 companies in 2025.
1.71
Higher than 57% of 22,047 companies in 2025.
20.2%
Higher than 85% of 22,197 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
236,168 | 137,300 | 82,529 | 85,972 | 108,701 | 118,112 | 90,573 | 68,278 | 39,255 | 3,807 | 3,807 | 3,723 | 17,585 | 48,035 | 77,917 | 53,708 | 26,536 | 24,767 | 23,248 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67 | 227 | 387 | 547 | |
21/28 |
1,925 | 1,863 | 120 | 665 | 665 | - | - | 303 | 605 | - | - | - | - | 450 | 5,937 | 6,744 | 7,998 | 7,002 | 7,623 | |
22/27 |
1,715 | 1,653 | 120 | 665 | 665 | - | - | 303 | 605 | - | - | - | - | 450 | 937 | 1,677 | 2,771 | 1,615 | 2,076 | |
22 |
766 | - | - | - | - | - | - | - | - | - | - | - | - | 450 | 900 | 1,350 | 1,800 | - | - | |
23 |
180 | 339 | - | - | - | - | - | - | - | - | - | - | - | - | 37 | 74 | 110 | 147 | - | |
24 |
769 | 1,314 | 120 | 665 | 665 | - | - | 303 | 605 | - | - | - | - | - | - | 253 | 861 | 1,468 | 2,076 | |
28 |
210 | 210 | - | - | - | - | - | - | - | - | - | - | - | - | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
29/58 |
234,242 | 135,438 | 82,408 | 85,307 | 108,036 | 118,112 | 90,573 | 67,975 | 38,650 | 3,807 | 3,807 | 3,723 | 17,585 | 47,585 | 71,980 | 46,964 | 18,538 | 17,765 | 15,625 | |
3 |
199,878 | 84,266 | 73,853 | 76,117 | 84,251 | 76,795 | 26,745 | 42,209 | 14,794 | - | - | - | - | - | 3,619 | 876 | 2,394 | 1,436 | 3,027 | |
30/36 |
199,878 | 84,266 | 73,853 | 76,117 | 84,251 | 76,795 | 26,745 | 42,209 | 14,794 | - | - | - | - | - | 3,619 | 876 | 2,394 | 1,436 | 3,027 | |
40/41 |
- | - | - | 1,495 | 1,495 | 4,307 | 1,495 | 1,876 | 2,816 | 1,495 | 1,495 | 1,411 | 1,411 | 1,411 | - | 1,730 | 1,700 | - | 3,873 | |
40 |
- | - | - | - | - | - | - | - | 1,230 | - | - | - | - | - | - | - | 1,700 | - | 1,320 | |
41 |
- | - | - | 1,495 | 1,495 | 4,307 | 1,495 | 1,876 | 1,586 | 1,495 | 1,495 | 1,411 | 1,411 | 1,411 | - | 1,730 | - | - | 2,553 | |
50/53 |
13,644 | 33,057 | 1,621 | 1,622 | 1,554 | 23,407 | 323 | - | 18,549 | - | - | - | - | - | - | 34,995 | - | - | - | |
54/58 |
20,571 | 18,115 | 6,934 | 6,073 | 20,736 | 13,604 | 62,010 | 23,891 | 2,491 | 2,312 | 2,312 | 2,312 | 16,174 | 46,174 | 68,361 | 9,363 | 13,572 | 15,459 | 8,725 | |
490/1 |
150 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 872 | 870 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
236,168 | 137,300 | 82,529 | 85,972 | 108,701 | 118,112 | 90,573 | 68,278 | 39,255 | 3,807 | 3,807 | 3,723 | 17,585 | 48,035 | 77,917 | 53,708 | 26,536 | 24,767 | 23,248 | |
10/15 |
99,441 | 51,808 | 16,726 | 20,288 | 34,873 | 28,212 | 24,894 | 22,298 | 3,828 | 3,323 | 3,323 | 3,723 | 17,585 | 18,035 | 26,233 | 11,007 | -2,883 | 8,117 | 12,027 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | |
13 |
1,292 | 1,292 | 1,292 | 1,292 | 1,292 | 1,219 | 1,053 | 924 | - | - | - | - | - | - | - | - | - | - | - | |
130/1 |
- | - | 1,292 | 1,292 | 1,292 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,219 | 1,053 | 924 | - | - | - | - | - | - | - | - | - | - | - | |
1311 |
- | - | 1,292 | 1,292 | 1,292 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,292 | 1,292 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
79,550 | 31,916 | -3,165 | 397 | 14,982 | 14,493 | 11,341 | 8,875 | -8,672 | -9,177 | -9,177 | -8,777 | 5,085 | 5,535 | 13,733 | -1,493 | -15,383 | -4,383 | -473 | |
17/49 |
136,726 | 85,493 | 65,802 | 65,684 | 73,828 | 89,900 | 65,678 | 45,980 | 35,428 | 484 | 484 | - | - | 30,000 | 51,684 | 42,701 | 29,419 | 16,650 | 11,221 | |
42/48 |
136,726 | 85,493 | 65,802 | 65,684 | 73,828 | 89,900 | 65,678 | 45,980 | 35,428 | 484 | 484 | - | - | 30,000 | 30,145 | 42,701 | 29,419 | 16,650 | 11,221 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | 30,001 | 30,000 | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | 30,001 | 30,000 | - | - | - | |
44 |
41,986 | 13,812 | - | 377 | 4,919 | 7,607 | 3,034 | 4,434 | 2,825 | - | 484 | - | - | - | - | 12,561 | 23,088 | 824 | 842 | |
440/4 |
41,986 | 13,812 | - | 377 | 4,919 | 7,607 | 3,034 | 4,434 | 2,825 | - | 484 | - | - | - | - | 12,561 | 23,088 | 824 | 842 | |
45 |
64,198 | 21,354 | 23,475 | 21,216 | 29,609 | 25,893 | 23,380 | 13,792 | 4,849 | - | - | - | - | - | 144 | 140 | 6,331 | 15,826 | 10,379 | |
450/3 |
64,198 | 21,354 | 23,475 | 21,216 | 29,609 | 25,893 | 23,380 | 13,792 | 4,849 | - | - | - | - | - | 144 | 140 | 6,331 | 15,826 | 10,379 | |
47/48 |
30,543 | 50,327 | 42,327 | 44,092 | 39,300 | 56,400 | 39,264 | 27,754 | 27,754 | 484 | - | - | - | - | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 21,539 | - | - | - | - | |
| Income statement | ||||||||||||||||||||
9900 |
66,611 | 40,601 | -956 | -11,909 | 8,639 | 8,613 | 2,756 | 35,484 | 1,051 | - | -400 | -13,862 | - | -1,909 | 16,965 | 17,639 | -4,317 | 2,915 | 4,660 | |
630 |
851 | 578 | 545 | - | 152 | - | 303 | 303 | 303 | - | - | - | 450 | 487 | 806 | 1,254 | 1,254 | 804 | 1,215 | |
640/8 |
745 | 1,160 | 2,970 | 2,575 | 2,221 | 1,871 | - | 814 | 99 | - | - | - | - | 402 | 602 | 211 | 3,209 | 4,440 | 946 | |
9901 |
65,014 | 38,863 | -4,471 | -14,484 | 6,266 | 6,743 | 2,453 | 34,368 | 649 | - | -400 | -13,862 | -450 | -2,798 | 15,557 | 16,174 | -8,780 | -2,329 | 2,499 | |
75/76B |
16 | 0 | 1,193 | 10 | - | 44 | - | - | 13 | - | - | - | - | - | 109 | 23 | 8 | 167 | 4 | |
75 |
16 | 0 | 1,193 | 10 | - | 44 | - | - | 13 | - | - | - | - | - | 109 | 23 | 8 | 167 | 4 | |
65/66B |
4,205 | 3,782 | 284 | 112 | 4,820 | 1,583 | -143 | 747 | 158 | - | - | - | - | 256 | 423 | 2,307 | 2,228 | 1,709 | 2,467 | |
65 |
4,205 | 3,782 | 284 | 112 | 4,820 | 1,583 | -143 | 747 | 158 | - | - | - | - | 256 | 423 | 2,307 | 2,228 | 1,709 | 2,467 | |
9903 |
60,825 | 35,081 | -3,562 | -14,585 | 1,446 | 5,203 | 2,596 | 33,621 | 504 | - | -400 | -13,862 | -450 | -3,054 | 15,243 | 13,890 | -11,000 | -3,871 | 36 | |
67/77 |
13,191 | - | - | - | - | 1,886 | - | 9,150 | - | - | - | - | - | 5,144 | 17 | - | - | 39 | 509 | |
9904 |
47,634 | 35,081 | -3,562 | -14,585 | 1,446 | 3,318 | 2,596 | 24,471 | 504 | - | -400 | -13,862 | -450 | -8,198 | 15,226 | 13,890 | -11,000 | -3,910 | -473 | |
9905 |
47,634 | 35,081 | -3,562 | -14,585 | 1,446 | 3,318 | 2,596 | 24,471 | 504 | - | -400 | -13,862 | -450 | -8,198 | 15,226 | 13,890 | -11,000 | -3,910 | -473 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
79,550 | 31,916 | -3,165 | 397 | 15,054 | 14,659 | 11,471 | 15,798 | -8,672 | -9,177 | -9,177 | -8,777 | 5,085 | 5,535 | 13,733 | -1,493 | -15,383 | -4,383 | -473 | |
14P |
31,916 | -3,165 | 397 | 14,982 | 13,608 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 72 | 166 | 130 | 924 | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | 72 | 166 | 130 | 924 | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | 6,000 | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | 6,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00368598 | |
| 31-12-2024 | micro format | 11-03-2026 | 2026-00052457 | |
| 31-12-2023 | micro format | 11-03-2026 | 2026-00052456 | |
| 31-12-2022 | micro format | 20-11-2023 | 2023-00513604 | |
| 31-12-2021 | micro format | 21-12-2022 | 2022-20542464 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57100277 | |
| 31-12-2018 | micro format | 27-09-2019 | 2019-66300036 | |
| 31-12-2017 | micro format | 12-04-2019 | 2019-09800521 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-64800343 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55200182 | |
| 31-12-2014 | abbreviated format | 16-11-2015 | 2015-66900007 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-53400370 | |
| 31-12-2012 | abbreviated format | 17-09-2013 | 2013-58500280 | |
| 31-12-2011 | abbreviated format | 26-12-2012 | 2012-68100234 | |
| 31-12-2010 | abbreviated format | 28-09-2011 | 2011-55800483 | |
| 31-12-2009 | abbreviated format | 28-09-2010 | 2010-55700042 | |
| 31-12-2008 | abbreviated format | 27-07-2009 | 2009-48200231 | |
| 31-12-2007 | abbreviated format | 08-07-2008 | 2008-37700400 | |
| 31-12-2006 | abbreviated format | 30-08-2007 | 2007-70100201 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 65,866 | 39,442 | -3,926 | - | 6,418 | - | 2,756 | 34,670 | 952 | - | - | - | 0 | -2,311 | 16,363 | 17,428 | -7,526 | -1,525 | 3,714 | ||
| 48,485 | 35,660 | -3,017 | - | 1,598 | - | 2,899 | 24,773 | 807 | - | - | - | 0 | -7,711 | 16,032 | 15,144 | -9,746 | -3,106 | 742 | ||
| 914 | 2,321 | 0 | - | 817 | - | 0 | 0 | 908 | - | - | - | 0 | -5,000 | -1 | 0 | 2,250 | 184 | 8,038 | ||
| 2,456 | 11,181 | 861 | -14,663 | - | -48,406 | 38,119 | 21,399 | 179 | 0 | 0 | -13,862 | -30,000 | -22,187 | 58,998 | -4,209 | -1,887 | 6,734 | - | ||
| 97,516 | 49,945 | 16,606 | 19,623 | 34,208 | 28,212 | 24,894 | 21,995 | 3,222 | 3,323 | 3,323 | - | - | 17,585 | 41,835 | 4,263 | -10,881 | 1,115 | 4,404 | ||
| 42.1% | 37.7% | 20.3% | 23.6% | 32.1% | 23.9% | 27.5% | 32.7% | 9.8% | - | - | - | 100.0% | 37.5% | 33.7% | 20.5% | -10.9% | 32.8% | 51.7% | ||
| 1.71 | 1.58 | 1.25 | 1.30 | 1.46 | 1.31 | 1.38 | 1.48 | 1.09 | - | - | - | - | 1.59 | 2.39 | 1.10 | 0.63 | 1.07 | 1.39 | ||
| 0.25 | 0.60 | 0.13 | 0.14 | 0.32 | 0.46 | 0.97 | 0.56 | 0.67 | - | - | - | - | 1.59 | 2.27 | 1.08 | 0.55 | 0.98 | 1.12 | ||
| 1.37 | 1.65 | 3.93 | 3.24 | 2.12 | 3.19 | 2.64 | 2.06 | 9.26 | - | - | - | - | 1.66 | 1.97 | 3.88 | - | 2.05 | 0.93 | ||
| 47.9% | 67.7% | -21.3% | -71.9% | 4.1% | 11.8% | 10.4% | 109.7% | 13.2% | - | - | - | -2.6% | -45.5% | 58.0% | 126.2% | - | -48.2% | -3.9% | ||
| 20.2% | 25.6% | -4.3% | -17.0% | 1.3% | 2.8% | 2.9% | 35.8% | 1.3% | - | - | - | -2.6% | -17.1% | 19.5% | 25.9% | -41.5% | -15.8% | -2.0% | ||
| 15.66 | 10.43 | -13.81 | - | 1.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €914 | €2,111 | - | - | €817 |
| Financial fixed assets | - | €210 | - | - | - |
| €851 | €578 | €545 | - | €152 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on RAYAR
The operating result for 2025 is 67% higher than in 2024 and the highest since 2006. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 62.3% to 57.9%. Equity and debt are higher.