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Raybor Construct

In bankruptcy Private limited companyfounded 2021KBO/BCE: BE 0762.696.152
Raybor Construct
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Overview

Information for creditors

Enterprise Court of Antwerp, Hasselt division · Official Gazette of 17-09-2025
Appeal or third-party opposition 02-10-2025Filing the claim in RegSol 11-10-2025First verification report 23-10-2025Late claim 11-09-2026

Trustees: Cecile Noelmans, Catherine Noel- Mans. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

4 annual accounts with figures on one time axis
peak €9,411 (2021)
-€13,552▲ €1,599
lowest -€10,148 (2024)
-€10,148▼ €1,664
peak €22,020 (2021)
-€6,512▼ €10,148
€16,494▼ 21.3%
Board2 names since 2021
2 directorsBORISOV Lyubomir and 1 other
Documentsfilings and deeds
25-06-202536 days before the deadline
2024micro format
Loss of €10,148Equity from €3,636 to -€6,512Debts from €20,951 to €16,494Cash from €5,284 to €2,774

Key points

from the 2024 annual accounts, the last ones filed

Losses

-€28,532 in three years
-9,9002022-8,4842023-10,1482024

Every financial year from 2022 to 2024 closed with a loss. 2024 was the heaviest.

Debts

€16,494 165% of the balance sheet

Liquidity

0.45 was 0.90 in 2023

Short-term debts fell from €20,951 to €16,494.

No scoreTurnover not published (micro format)

Board and ownership

BL
BORISOV Lyubomir
Director
RR
RAYCHINOV Radoslav
Director
  • BORISOV Lyubomir 500 sharesdeed of 02-02-2021
  • RAYCHINOV Radoslav 500 sharesdeed of 02-02-2021
Board & ownership

Recent changes

Address struck KBO administration
Bankruptcy published Enterprise Court of Antwerp, Hasselt division · judgment of 11-09-2025 · Bankruptcy
Incorporation Founding capital of €6,000, 1,000 shares · Founders: BORISOV Lyubomir and RAYCHINOV Radoslav · Appointments: BORISOV Lyubomir (director) and RAYCHINOV Radoslav (director) · published on 02-02-2021 · Gazette deed
First establishment
All 9 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 11-09-2025
Legal form
Private limited company
Activity
Screed workNACE 43422and 1 other
Establishment unit
2.312.488.116since 29-01-2021
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2024

-€13,552▲ 10.6%
€10,148▲ 19.6%
-€6,512
€9,982▼ 59.4%
Filing
Filed on 25-06-2025
Financials

Insights on Raybor Construct

Equity fell from €22,020 in 2021 to -€6,512 in 2024, while debts rose from €8,135 to €16,494.

On 11 September 2025 the court declared Raybor Construct bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

micro format, filed on 25-06-2025, 36 days before the deadline
-€13,552
▲ €1,599
-€17,702
▲ €2,948
-€10,148
▼ €1,664
-€9,139
▼ €7,040
-65.2%
▼ 80.0 percentage points
0.45
▼ 0.45

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €9,982 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-65.2%

Lower than 95% of 35,955 companies in 2024.

0.45

Higher than 6% of 35,353 companies in 2024.

-101.7%

Lower than 95% of 35,537 companies in 2024.

Raybor Construct Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2024202320222021
Balance sheet: assets
20/58 9,98224,58625,37330,155
21/28 2,6275,7348,8599,260
22/27 2,6275,7348,8599,260
24 2,6275,7348,8599,260
29/58 7,35518,85216,51420,896
3 -6,5005,000-
37 -6,5005,000-
40/41 4,5822,8981,96718,136
40 ---17,130
41 4,5822,8981,9671,006
54/58 2,7745,2846,4232,759
490/1 -4,1703,124-
Balance sheet: equity and liabilities
10/49 9,98224,58625,37330,155
10/15 -6,5123,63612,12022,020
10/11 6,0006,0006,0006,000
11 6,0006,0006,0006,000
1109/19 6,0006,0006,0006,000
13 16,02016,02016,02016,020
133 16,02016,02016,02016,020
14 -28,532-18,384-9,900-
17/49 16,49420,95113,2538,135
42/48 16,49420,95113,2538,135
44 --3,1241
440/4 --3,1241
46 7267261,310-
45 15,76820,2258,1128,010
450/3 15,76820,2258,1128,010
47/48 --708124
Income statement
9900 -13,552-15,151-22,3199,411
630 3,1083,1252,701746
640/8 1,0432,3752,635199
9901 -17,702-20,650-27,6548,466
75/76B 7,97013,13017,87111,627
75 7,97013,13017,87111,627
65/66B 276841563
65 276841563
9903 -10,008-8,361-9,78820,030
67/77 1401231124,010
9904 -10,148-8,484-9,90016,020
9905 -10,148-8,484-9,90016,020
Appropriation of the result
9906 -28,532-18,384-9,90016,020
14P -18,384-9,900--
691/2 ---16,020
6921 ---16,020
Document PDFPDFPDFPDF

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 25-06-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 25-06-2025 2025-00173747 PDF
31-12-2023 micro format 27-06-2024 2024-00167885 PDF
31-12-2022 micro format 30-06-2023 2023-00177642 PDF
31-12-2021 micro format 28-06-2022 2022-20098066 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2024202320222021
-14,594-17,526-24,9549,212
-7,040-5,360-7,19916,766
002,30010,006
-2,510-1,1403,664-
-9,139-2,0993,26112,760
-65.2%14.8%47.8%73.0%
0.450.901.252.57
0.450.590.872.57
-5.761.090.37
--233.4%-81.7%72.8%
-101.7%-34.5%-39.0%53.1%
-52.82-20.84-4970.87over 100

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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
Item2024202320222021
Tangible fixed assets--€2,300€10,006
€3,108€3,125€2,701€746

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on Raybor Construct

The operating result for 2024 is a loss of €17,702, smaller than the loss of €20,650 in 2023.

Equity is negative. Debt (€16,494) exceeds the balance-sheet total (€9,982).

Board & ownership

Curators

the curators have managed the company since 11-09-2025
Cecile Noelmans
Curator, Moerenstraat 33, 3700 Tongeren- Borgloon
Also on 132 other cases
Catherine Noel- mans
Curator, Moerenstraat 33, 3700 Tongeren-Borgloon
Also on 36 other cases

Last board

2 directors, since incorporation
BORISOV Lyubomir
Director (not named in the articles)
appointed by deed of 02-02-2021 term without a fixed end
listed in the 2024 annual accounts, filed on 25-06-2025
RAYCHINOV Radoslav
Director (not named in the articles)
appointed by deed of 02-02-2021 term without a fixed end
listed in the 2024 annual accounts, filed on 25-06-2025

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
BORISOV Lyubomir
Director (not named in the articles)
RAYCHINOV Radoslav
Director (not named in the articles)
BoardBankruptcy 11-09-2025
Mandates as a list
  • BORISOV Lyubomir
    • Director (not named in the articles), appointed by deed of 02-02-2021, until the bankruptcy of 11-09-2025
  • RAYCHINOV Radoslav
    • Director (not named in the articles), appointed by deed of 02-02-2021, until the bankruptcy of 11-09-2025

See the board, name and registered office on a given date →

Control

Founders
BORISOV Lyubomir, RAYCHINOV Radoslav
This company
Raybor Construct
Equity -€6,512
Loss €10,148 in 2024

Capital

Contribution
€6,000
Shares
1,000
Contribution per share
€6
Equity per share
-€6.51 in 2024
Source
deed of 02-02-2021

Articles of association

deed of 02-02-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Voor helft ten laste van overdrager en helft ten laste van koper(s), naar evenredigheid verworven aantal bij meer kopers, toestemming…”
Share issue ruleThe articles set how and by whom new shares are issued.
“Ten minste vijftien dagen te rekenen van de dag van de openstelling van de intekening, Inbreng in geld met uitgifte van nieuwe aandelen -…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 20:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor

Shareholders

At incorporation deed of 02-02-2021 ↗

Network & group

No group

Raybor Construct has no parent and no holdings in its annual accounts. Raybor Construct shares no director with another company.

Timeline

Timeline

9 events since 2021
2025
Address struck
Bankruptcy published Enterprise Court of Antwerp, Hasselt division · judgment of 11-09-2025
Annual accounts 2024 filed PDFmicro format · 36 days before the deadline
2024
Weakest financial year net -€10,148 The net result drops to -€10,148, the lowest from 2021 to 2024.
Annual accounts 2023 filed PDFmicro format · 34 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 31 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 33 days before the deadline
2021
IncorporationFounding capital of €6,000, 1,000 shares · Founders: BORISOV Lyubomir and RAYCHINOV Radoslav · Appointments: BORISOV Lyubomir (director) and RAYCHINOV Radoslav (director) · published on 02-02-20218 points ▸
  • Founder, BORISOV Lyubomir
  • Founder, RAYCHINOV Radoslav
  • Founding capital, €6,000, 1,000 shares
  • 1,000 shares
  • Registered office clause, Achterstraat 20, 3700 Tongeren
  • Board rule, 2
  • Director appointment, BORISOV Lyubomir (director (not named in the articles))
  • Director appointment, RAYCHINOV Radoslav (director (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 29 January 2021, Raybor Construct was incorporated as a private limited company by two natural persons, with a starting capital of €6,000.12 Today the board has 2 members.3 Total assets went from €30,155 in 2021 to €9,982 in 2024.4 The company was declared bankrupt on 11 September 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-02-2021
  3. 3National Bank, annual accounts 2024
  4. 4National Bank, annual accounts 2021 and 2024
  5. 5Belgian Official Gazette, 17-09-2025

Company details

Identity

Enterprise number
0762.696.152
VAT number
BE 0762.696.152
Legal form
Private limited company
Status
In bankruptcy, since 11-09-2025
Founded
29-01-2021
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 20:00
deed of 02-02-2021 (in Dutch)
Peppol
Not found in the Peppol Directory
Name
Raybor Construct in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-02-2021 (in Dutch)
Name clauseThe company operates under this name according to its articles.
Raybor Construct
deed of 02-02-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 02-02-2021 (in Dutch)

Activities

NACEBEL 2025
43422 Screed work main activity
43331 Floor and wall tiling
Codes under NACEBEL 2008
43996 Specialised construction activities main activity
43331 Floor and wall tiling
PurposeThe purpose describes the activities the company may carry out under its articles.
“Chapewerken; Aanbrengen in gebouwen en andere bouwwerken van thermische isolatiematerieel; Aanbrengen in gebouwen en andere bouwwerken van…”
52 activities
  1. Chapewerken
  2. Aanbrengen in gebouwen en andere bouwwerken van thermische isolatiematerieel
  3. Aanbrengen in gebouwen en andere bouwwerken van isolatiemateriaal tegen geluid en trillingen
  4. Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koel-systemen
  5. Isolatie van koelkamers en -pakhuizen
  6. Aanbrengen van pleister- en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken
  7. Montage van buiten- en binnenschrijnwerk van hout of van kunststof: deuren, vensters, kozijnen, trappen, muurkasten, tuinhuizen, inbouwkeukens, winkelinrichtingen, enz.
  8. Installatie van al dan niet verplaatsbare tussenwanden, bekleding van wanden, plafonds, enz., in hout of kunststof
  9. Montage van buiten- en binnenschrijnwerk in metaal: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.
  10. Installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds, enz., in metaal
  11. Installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enz., in metaal
  12. Installatie van binnendeuren, scheidingswanden enz. van glas
  13. Plaatsen van tussenwanden van gipsplaten
  14. Plaatsen van vloer- en wandtegels
  15. Aanbrengen van keramische stoffen, beton of gehouwen steen, vloerbedekking en wandbekleding van terrazzo marmer, graniet of lei, enz.
  16. Plaatsen in gebouwen en andere bouwwerken van: parket en andere houten vloerbedekking, wandbekleding van hout
  17. Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
  18. Plaatsen van behang
  19. Plaatsen van gevelbekleding
  20. Plaatsen van natuursteen, of andere gevelbekleding (dekton, trespa, cortexplaten, composietplaten, …) via ankers of verlijming op aluminium of houten constructie
  21. Plaatsen van ankers
  22. Plaatsen van onderstructuren voor het bevestigen van gevelbekledingen
  23. Schilderen van gebouwen
  24. Schilderen van het binnen- en buitenwerk van gebouwen
  25. Schilderen van metalen constructies
  26. Projectontwikkeling voor de bouw of de aanleg van: commerciële, en industriële centra, hotels, industriezones en markten, jachthavens, winter-sportcentra, enz.
  27. Algemene bouw van residentiële gebouwen
  28. Algemene bouw van andere niet-residentiële gebouwen
  29. Bouw van individuele huizen volgens de formule "sleutel op de deur"
  30. Bouw van appartementen volgens de formule "sleutel op de deur"
  31. Bouw van daken
  32. Plaatsen van dakbedekking van ongeacht welk materiaal
  33. Plaatsen van dakgoten en regenafvoerbuizen
  34. Elektrotechnische installatiewerken aan gebouwen
  35. Installatie van elektrische bedrading en toebehoren
  36. Bouw van autowegen, straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails)
  37. Bouwmarkten en andere doe-het-zelfzaken in bouwmaterialen, algemeen assortiment
  38. Uitvoeren van laswerken
  39. Plaatsen en onderhouden van zwembaden
  40. Chapewerken
  41. Isolatiewerken
  42. Stukadoorswerk
  43. Schrijnwerk
  44. Vloerafwerking en behangen
  45. Schilderen en glaszetten
  46. Metselwerken
  47. Dakwerken
  48. Elektriciteitswerken
  49. Klinkerwerken
  50. Groot- en kleinhandel in bouwmaterialen
  51. Uitvoeren van laswerken
  52. Plaatsen en onderhouden van zwembaden
deed of 02-02-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Raybor Construct 29-01-2021 2.312.488.116

Buildings and parcels at the address

Ground area
299 m²
Buildings
82 m²
Volume, LiDAR
347 m³
Tallest building
7.4 m
Buildings to scale, each on its own parcel
82 m², 7.4 m 82 m², 7.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
73059A0576/00R000298 m² 1 · 82 m² 7.4 m · 1

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