RAYBUL
Open bankruptcyA bankruptcy procedure is open for RAYBUL according to publications in the Belgian State Gazette; curator: ANNE-LAURE PHILIPPE.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €388,732 and a net result of -€830,908.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 14 October 2024
- Supervising judge
- Marc Ostrowski
- Official Gazette
- 22-10-2024 (pdf) ↗search the document for 2024/140170
Curator
- Anne-Laure PhilippeChausséE De Waterloo 880, 1000 Bruxellesal.philippe@sybarius.net
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-09-2024, 58 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
not confirmed
2024
not filed
2023
58 d late
2022
153 d late
2021
26 d early
2020
60 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Freight transport by road sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€388,732▼ 68.1%
2022 · €1.2m
Total assets
€1.1m▼ 42.9%
2022 · €2.0m
Net result
-€830,908
2022 · €256,381
Working capital
€177,130▼ 83.4%
2022 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€113,885▲ 66.0%€502,793▲ 341%€567,305▲ 12.8%€358,449▼ 36.8%-€812,907
Net result€48,023▲ 513%€352,357▲ 634%€379,236▲ 7.6%€256,381▼ 32.4%-€830,908
Equity€231,666▲ 589%€584,023▲ 152%€963,259▲ 64.9%€1.2m▲ 26.6%€388,732▼ 68.1%
Total assets€1.1m▲ 36.6%€1.4m▲ 27.8%€1.8m▲ 29.4%€2.0m▲ 14.6%€1.1m▼ 42.9%
Debt€827,278▲ 11.5%€769,318▼ 7.0%€787,954▲ 2.4%€786,945▼ 0.1%€756,514▼ 3.9%
Working capital-€83,847▲ 64.2%€271,650€815,469▲ 200%€1.1m▲ 30.6%€177,130▼ 83.4%
Staff (FTE)21.2▲ 48.3%5.1▼ 75.9%1.8▼ 64.7%1▼ 44.4%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €812,907 after €358,449 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.1m
Fixed assets
€277,965 ▲ 34.0%
Current assets
€867,281 ▼ 51.8%
Equity and liabilities €1.1m
Equity
€388,732 ▼ 68.1%
Debt
€756,514 ▼ 3.9%
Debt's share of the balance-sheet total rises from 39.2% to 66.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€786,257▼
2022 · €382,085
Cash flow
-€804,258▼
2022 · €280,016
Current ratio
1.26▼
2022 · 2.45
Debt to equity
1.95▲
2022 · 0.65
ROE
-213.7%▼
2022 · 21.0%
ROA
-72.6%▼
2022 · 12.8%
Interest coverage
-40.70▼
2022 · 18.61
Debt ≤ 1 year
€690,151▼
2022 · €734,098
Debt > 1 year
€66,363▲
2022 · €49,514
Staff costs
€56,950▼
2022 · €70,201
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €76,715 | €70,201 | €56,950 | ▼ 18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,280 | €74,792 | €80,676 | €23,635 | €26,650 | ▲ 12.8% |
| Other operating charges640/8 | - | - | €115,320 | €67,721 | €165,214 | ▲ 144% |
| Non-recurring operating charges66A | - | - | €12,704 | €37,664 | €5,628 | ▼ 85.1% |
| Gross operating margin9900 | €1.1m | €767,496 | €852,720 | €557,670 | -€558,465 | ▼ 200% |
| Operating profit (loss)9901 | €113,885 | €502,793 | €567,305 | €358,449 | -€812,907 | ▼ 327% |
| Financial income75/76B | - | - | €6,299 | €27,648 | €1,316 | ▼ 95.2% |
| Recurring financial income75 | €173 | €4,399 | €6,299 | €27,648 | €1,316 | ▼ 95.2% |
| Financial charges65/66B | - | - | €58,582 | €20,536 | €19,317 | ▼ 5.9% |
| Recurring financial charges65 | €47,110 | €28,550 | €58,582 | €20,536 | €19,317 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €66,948 | €477,405 | €515,023 | €365,562 | -€830,908 | ▼ 327% |
| Income taxes67/77 | €18,925 | €125,048 | €135,787 | €109,181 | - | - |
| Profit (loss) for the period9904 | €48,023 | €352,357 | €379,236 | €256,381 | -€830,908 | ▼ 424% |
| Profit (loss) for the period to be appropriated9905 | €48,023 | €352,357 | €379,236 | €256,381 | -€830,908 | ▼ 424% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.4m | €1.8m | €2.0m | €1.1m | ▼ 42.9% |
| Fixed assets21/28 | €450,651 | €364,756 | €307,016 | €207,452 | €277,965 | ▲ 34.0% |
| Intangible fixed assets21 | €82,664 | €84,908 | €92,664 | €154,656 | €213,510 | ▲ 38.1% |
| Tangible fixed assets22/27 | €264,864 | €212,185 | €148,707 | €12,796 | €30,455 | ▲ 138% |
| Furniture and vehicles24 | - | - | €115,147 | €12,796 | €5,455 | ▼ 57.4% |
| Leasing and similar rights25 | - | - | €33,560 | - | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €25,000 | - |
| Financial fixed assets28 | €103,123 | €67,663 | €65,645 | €40,000 | €34,000 | ▼ 15.0% |
| Current assets29/58 | €608,293 | €988,585 | €1.4m | €1.8m | €867,281 | ▼ 51.8% |
| Amounts receivable after more than one year29 | - | - | - | €305,015 | - | - |
| Other amounts receivable291 | - | - | - | €305,015 | - | - |
| Amounts receivable within one year40/41 | €493,690 | €970,987 | €1.1m | €1.5m | €849,389 | ▼ 42.4% |
| Trade receivables40 | - | - | €1.1m | €1.5m | €404,865 | ▼ 72.6% |
| Other amounts receivable41 | - | - | €43,692 | - | €444,524 | - |
| Cash at bank and in hand54/58 | €87,900 | €16,401 | €300,168 | €16,868 | €17,892 | ▲ 6.1% |
| Deferred charges and accrued income490/1 | - | - | €5,499 | €2,198 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.4m | €1.8m | €2.0m | €1.1m | ▼ 42.9% |
| Equity10/15 | €231,666 | €584,023 | €963,259 | €1.2m | €388,732 | ▼ 68.1% |
| Contributions10/11 | €168,600 | - | €168,600 | €168,600 | €168,600 | = |
| Outside capital11 | - | - | €168,600 | €168,600 | €168,600 | = |
| Share premium1100/10 | - | - | €146,280 | €146,280 | €146,280 | = |
| Other1109/19 | - | - | €22,320 | €22,320 | €22,320 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €61,206 | €413,563 | €792,799 | €1.0m | €218,272 | ▼ 79.2% |
| Amounts payable17/49 | €827,278 | €769,318 | €787,954 | €786,945 | €756,514 | ▼ 3.9% |
| Amounts payable after more than one year17 | €135,138 | €52,383 | €152,455 | €49,514 | €66,363 | ▲ 34.0% |
| Financial debts170/4 | - | - | €152,455 | €49,514 | €66,363 | ▲ 34.0% |
| Amounts payable within one year42/48 | €692,140 | €716,935 | €628,727 | €734,098 | €690,151 | ▼ 6.0% |
| Current portion of amounts payable after more than one year42 | - | - | €170,593 | €98,941 | €75,404 | ▼ 23.8% |
| Financial debts43 | - | - | - | €170,000 | €259,584 | ▲ 52.7% |
| Credit institutions430/8 | - | - | - | €170,000 | €259,584 | ▲ 52.7% |
| Trade debts44 | €260,815 | €477,270 | €361,507 | €169,359 | €235,877 | ▲ 39.3% |
| Suppliers440/4 | - | - | €361,507 | €169,359 | €235,877 | ▲ 39.3% |
| Taxes, remuneration and social security45 | - | - | €96,627 | €280,177 | €114,284 | ▼ 59.2% |
| Taxes450/3 | - | - | €83,794 | €268,739 | €108,980 | ▼ 59.4% |
| Remuneration and social security454/9 | - | - | €12,833 | €11,438 | €5,304 | ▼ 53.6% |
| Other amounts payable47/48 | - | - | - | €15,621 | €5,003 | ▼ 68.0% |
| Accrued charges and deferred income492/3 | - | - | €6,771 | €3,333 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,023 | €352,357 | €379,236 | €256,381 | -€830,908 | ▼ 424% |
| + Depreciation and write-downs630 | €78,280 | €74,792 | €80,676 | €23,635 | €26,650 | ▲ 12.8% |
| Operating cash flow (approximation) | €126,303 | €427,149 | €459,912 | €280,016 | -€804,258 | ▼ 387% |
| Investment in fixed assets (approximation) | - | €11,103 | -€22,936 | €75,929 | -€97,163 | ▼ 228% |
| Change in cash | - | -€71,500 | €283,768 | -€283,300 | €1,024 | ▲ 100% |
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
2025
08-08
KBO administration
Address struck
2024
22-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 14-10-2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet -€830,908
Net result drops to -€830,908, the lowest in the series.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Equity above €1mEq €1.2m ▲26.6%
5 profitable years in a row build equity to €1.2m.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €379,236 ▲7.6%
Operating result €567,305, net result €379,236, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €584,023 ▲152%
3 profitable years in a row build equity to €584,023.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €200,000Eq €231,666 ▲589%
2 profitable years in a row build equity to €231,666.
Show earlier events
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Sint-Agatha-Berchem · 1 establishment unit since 2014
Ground area
2.0 ha
Building footprint
4,708 m²
Volume, LiDAR
96,449 m³
2 parcels, Brussels · tallest building 30.8 m, ±7 floors. Linked by address, not a title deed.
295
companies at this address
See who is registered here
1 establishment unit
RAYBUL
since 20142.228.861.149
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0080/00X004 | Brussels | 2.0 ha | 1 · 4,415 m² | 30.8 m · 7 fl. |
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANNE-LAURE PHILIPPE CHAUSSéE DE
WATERLOO 880, 1000 BRUXELLES |
14-10-2024 → present |
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts BRUCEL 202316.7%
-
6.7%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900HX6KX4UB97JN44
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,544 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
Founded31-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
77120Rental and leasing activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.