Age5 yrs
Real estate1 parcel · 299 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Raybor Construct according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2024 annual accounts show negative equity (€-7k) and a net result of €-10k.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
2 events20-10-2025
KBO administration
Address struck
17-09-2025
Bankruptcy
Opening
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-10k-2.5%
Working capital€-9k
Directors2
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 25-06-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -65.2% | 40.9% | |
| Net result | €-10k | €11k | |
| Equity | €-7k | €34k | |
| Gross operating margin | €-14k | €35k | |
| Total assets | €10k | €93k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Weakening position over 2021-2024
· n=3549-11087
P9
Weakening position over 2021-2024
· n=3540-11069
P6
Weakening position over 2021-2024
· n=3552-11090
P5
Weakening position over 2021-2024
· n=3540-11060
Describes the position versus peers, not a forecast.
€-15k
+41.5%
far below sector median
€-10k
-2.5%
far below sector median
€-7k
+2.2%
far below sector median
€10k
-60.7%
-92% vs sector
€-7k
-
far below sector median
€-9k
-
-185% vs sector
€140
+24.6%
-98% vs sector
€16k
+24.5%
-87% vs sector
€16k
+24.5%
-87% vs sector
0.45
-64.2%
-54% vs sector
0.45
-48.7%
-54% vs sector
-65.2%
-
far below sector median
-2.53
-
far below sector median
155.8%
-
+54% vs sector
-101.7%
-160.6%
far below sector median
-52.82
+98.9%
far below sector median
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-15k |
| Net profit | €-10k |
| Cash flow | €-7k |
| Staff costs | - |
| Income taxes | €140 |
| Dividends | - |
| Total assets | €10k |
| Equity | €-7k |
| Debt | €16k |
| of which ≤ 1y | €16k |
| of which > 1y | - |
| Working capital | €-9k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.45 |
| Quick ratio | 0.45 |
| Working capital ratio | -91.6% |
| Solvency | -65.2% |
| Debt / equity | -2.53 |
| Long-term debt ratio | - |
| Interest coverage | -52.82 |
| Gross margin | - |
| Net margin | - |
| ROA | -101.7% |
| ROE | 155.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €10k |
| Fixed assets | 21/28 | €3k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €7k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €10k |
| Equity | 10/15 | €-7k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €16k |
| Accumulated profits (losses) | 14 | €-29k |
| Amounts payable | 17/49 | €16k |
| Amounts payable within one year | 42/48 | €16k |
| Income statement | ||
| Gross operating margin | 9900 | €-14k |
| Operating result | 9901 | €-18k |
| Financial income | 75 | €8k |
| Financial charges | 65 | €276 |
| Result before taxes | 9903 | €-10k |
| Income taxes | 67/77 | €140 |
| Net result for the period | 9904 | €-10k |
| Result to be appropriated | 9905 | €-10k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
No directors on record
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | CECILE NOELMANS Moerenstraat 33, 3700 TONGEREN-
BORGLOON |
11-09-2025 → present | Belgian State Gazette |
| Curator | CATHERINE NOEL-
MANS MOERENSTRAAT 33, 3700 TONGEREN-BORGLOON- |
11-09-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Chapewerken(43422) |
| Legal form | Private limited company(610) |
| Incorporation | 29-01-2021 |
| Status | Active |
| Postal code | - |
| First BS signal | 17-09-2025 |
| Latest BS signal | 17-09-2025 |
Structure & network
Company structure: linked entities
2 linked entitiesMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationRaybor Construct
since 20212.312.488.116
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area299 m²
Buildings1
Building footprint82 m²
Volume (LiDAR)347 m³
Tallest building7.4 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0576/00R000 | Flanders | 298 m² | 1 · 82 m² | 7.4 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette20-10-2025
KBO administration
Address struck
17-09-2025
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette · acts
No structured acts for this company yet
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axes33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
Chapewerken43422Chapewerken43996Plaatsen van vloer- en wandtegels43331Plaatsen van vloer- en wandtegels43331
Primary activity highlighted.
Names & trade names
| Legal nameNL | Raybor Construct |
Registration history
- 20-10-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.