Filings
Latest accounts filed late: after the legal deadline.
Latest accounts filed late: after the legal deadline.
Board changed. Latest change 04-12-2025 · 1 in office.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 94% of them on solvency, 58% on liquidity, 30% on profitability and 40% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is tight, with a current ratio of 1.22 (1.24 in 2024), below the usual 1.5. Short-term debt is 13.2% and cash 5.6% of total assets. 13.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RAYCIMO Antwerp | €699,779 | -€2,027 | 86.8% | - |
| WATERLOOS Deinze | €683,716 | -€249 | 25.4% | - |
| ROLLUPP Ixelles | €711,204 | -€96,473 | -104.9% | - |
| INDEX Antwerp | €620,297 | -€48,494 | 4.4% | - |
| RESTO PATSON Sint-Pieters-Leeuw | €557,533 | -€32,870 | 97.7% | - |
| Quatre Mains Brugge Bruges | €738,917 | -€46,014 | 18.6% | - |
| SWING'S Villers-la-Ville | €523,757 | -€11,563 | -23.0% | - |
These companies have the same main activity as RAYCIMO: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €524,000 and €739,000, founded between 2007 and 2016.
RAYCIMO files the micro format. That format states no turnover. The gross margin fell from €36,241 in 2012 to -€2,027 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Higher than 95% of 17,158 companies in 2025.
Higher than 54% of 16,582 companies in 2025.
Higher than 34% of 16,665 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
699,779 | 706,481 | 688,312 | 657,628 | 657,625 | 658,354 | 659,397 | 657,554 | 654,737 | 656,028 | 650,390 | 652,663 | 31,913 | 114,643 | |
21/28 |
587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 588,576 | 589,914 | 4,013 | - | |
22/27 |
- | - | - | - | - | - | - | - | - | - | 1,338 | 2,675 | 4,013 | - | |
23 |
- | - | - | - | - | - | - | - | - | - | 1,338 | 2,675 | 4,013 | - | |
28 |
587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | 587,239 | - | - | |
29/58 |
112,540 | 119,242 | 101,073 | 70,389 | 70,386 | 71,115 | 72,158 | 70,315 | 67,499 | 68,789 | 61,813 | 62,750 | 27,900 | 114,643 | |
3 |
41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 34,458 | 34,458 | 34,458 | 34,458 | - | 5,400 | |
30/36 |
41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 41,694 | 34,458 | 34,458 | 34,458 | 34,458 | - | 5,400 | |
40/41 |
31,865 | 42,848 | 41,502 | 28,552 | 28,553 | 29,414 | 30,464 | 28,414 | 28,050 | 34,322 | 27,146 | 26,040 | 25,505 | 105,918 | |
40 |
25,055 | 32,990 | 37,446 | 25,055 | 25,055 | 25,593 | 26,992 | 25,055 | 24,148 | 25,963 | 24,148 | 24,148 | 24,148 | - | |
41 |
6,810 | 9,858 | 4,055 | 3,497 | 3,498 | 3,821 | 3,472 | 3,359 | 3,903 | 8,359 | 2,999 | 1,892 | 1,357 | 105,918 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,395 | - | |
54/58 |
38,981 | 34,700 | 17,878 | 143 | 140 | 7 | 1 | 207 | 4,991 | 9 | 209 | 2,252 | - | 3,325 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
699,779 | 706,481 | 688,312 | 657,628 | 657,625 | 658,354 | 659,397 | 657,554 | 654,737 | 656,028 | 650,390 | 652,663 | 31,913 | 114,643 | |
10/15 |
607,457 | 610,063 | 586,691 | 568,193 | -8,060 | -6,351 | -5,374 | -4,392 | 147 | 2,506 | 8,625 | 13,753 | 26,297 | 14,377 | |
10/11 |
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 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
577,860 | 577,860 | 577,860 | 577,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 7,697 | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
576,000 | 576,000 | 576,000 | 576,000 | - | - | - | - | - | - | - | - | 5,837 | - | |
14 |
10,997 | 13,603 | -9,769 | -28,267 | -28,520 | -26,811 | -25,834 | -24,852 | -20,313 | -17,954 | -11,835 | -6,707 | - | -4,223 | |
17/49 |
92,322 | 96,419 | 101,621 | 89,435 | 665,685 | 664,704 | 664,771 | 661,946 | 654,591 | 653,521 | 641,765 | 638,911 | 5,616 | 100,266 | |
42/48 |
92,322 | 96,419 | 101,233 | 89,078 | 665,328 | 664,704 | 664,771 | 661,946 | 654,591 | 653,521 | 641,765 | 638,911 | 5,616 | 100,266 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,114 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,114 | |
44 |
- | 4,300 | 2,920 | 750 | 750 | 750 | 1,906 | 1,906 | 55 | 1,725 | 17,029 | 24,420 | - | 53,746 | |
440/4 |
- | 4,300 | 2,920 | 750 | 750 | 750 | 1,906 | 1,906 | 55 | 1,725 | 17,029 | 24,420 | - | 53,746 | |
45 |
- | 0 | 5,400 | 57,600 | - | - | - | - | - | - | - | 2,611 | 2,116 | 45,406 | |
450/3 |
- | 0 | 5,400 | 57,600 | - | - | - | - | - | - | - | 2,611 | 2,116 | 7,623 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 37,783 | |
47/48 |
92,322 | 92,119 | 92,913 | 30,728 | 664,578 | 663,954 | 662,865 | 660,040 | 654,536 | 651,796 | 624,736 | 611,881 | 3,500 | - | |
492/3 |
- | 0 | 388 | 357 | 357 | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | 291,946 | 84,977 | |
9900 |
-2,027 | 23,813 | 24,935 | -1,012 | -1,010 | -853 | -884 | -2,117 | -2,247 | -4,389 | -2,573 | 845 | 78,536 | 36,241 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | 213,410 | 48,736 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | 61,705 | 39,580 | |
630 |
- | - | - | - | - | - | - | - | - | 1,338 | 1,338 | 1,338 | 1,338 | 1,085 | |
640/8 |
550 | 118 | 109 | 102 | 101 | 100 | 98 | 1,066 | 94 | 392 | 893 | 3,498 | 1,360 | - | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 5,621 | - | - | |
9901 |
-2,577 | 23,695 | 24,826 | -1,114 | -1,111 | -953 | -982 | -3,183 | -2,341 | -6,118 | -4,803 | -3,991 | 14,133 | -4,424 | |
75/76B |
- | - | - | 635,000 | - | - | - | - | - | - | - | 1 | - | 251 | |
75 |
- | - | - | 635,000 | - | - | - | - | - | - | - | 1 | - | 251 | |
65/66B |
29 | 125 | 25 | 33 | 598 | 24 | - | 1,355 | 19 | - | 325 | 2,438 | 97 | 50 | |
65 |
29 | 125 | 25 | 33 | 60 | 24 | - | 1,355 | 19 | - | 325 | 2,438 | 97 | 50 | |
66B |
- | - | - | - | 538 | - | - | - | - | - | - | - | - | - | |
9903 |
-2,606 | 23,569 | 24,802 | 633,853 | -1,709 | -977 | -982 | -4,538 | -2,360 | -6,118 | -5,128 | -12,050 | 14,036 | -4,223 | |
67/77 |
- | 197 | 6,304 | 57,600 | - | - | - | - | - | - | - | 495 | 2,116 | - | |
9904 |
-2,606 | 23,372 | 18,498 | 576,253 | -1,709 | -977 | -982 | -4,538 | -2,360 | -6,118 | -5,128 | -12,544 | 11,920 | -4,223 | |
9905 |
-2,606 | 23,372 | 18,498 | 576,253 | -1,709 | -977 | -982 | -4,538 | -2,360 | -6,118 | -5,128 | -12,544 | 11,920 | -4,223 | |
| Appropriation of the result | |||||||||||||||
9906 |
10,997 | 13,603 | -9,769 | 547,733 | -28,520 | -26,811 | -25,834 | -24,852 | -20,313 | -17,954 | -11,835 | -12,544 | 7,697 | -4,223 | |
14P |
13,603 | -9,769 | -28,267 | -28,520 | -26,811 | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | 5,837 | - | - | |
691/2 |
- | - | - | 576,000 | - | - | - | - | - | - | - | - | 7,697 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | - | |
6921 |
- | - | - | 576,000 | - | - | - | - | - | - | - | - | 5,837 | - | |
| Social balance sheet | |||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | 4 | 2 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,983 | 1,893 | |
| Document | |||||||||||||||
The notes to these accounts have 4 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 20-10-2026.
2025 annual accounts filed 81 days after the deadline. Filed on 20 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00565833.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-10-2026 | 2026-00565833 | |
| 31-12-2024 | micro format | 01-10-2025 | 2025-00525409 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00447730 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00424442 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20404159 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43700154 | |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-38600303 | |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-50300147 | |
| 31-12-2017 | abbreviated format | 26-07-2018 | 2018-39500114 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-32100180 | |
| 31-12-2015 | abbreviated format | 26-07-2016 | 2016-35800136 | |
| 31-12-2014 | abbreviated format | 19-01-2016 | 2016-02300073 | |
| 31-12-2013 | abbreviated format | 10-09-2014 | 2014-58200544 | |
| 31-12-2012 | abbreviated format | 26-08-2013 | 2013-46100420 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | -4,781 | -3,466 | -2,653 | 15,471 | -3,339 | ||
| - | - | - | - | - | - | - | - | - | -4,781 | -3,791 | -11,207 | 13,258 | -3,138 | ||
| - | - | - | - | - | - | - | - | - | 0 | 0 | 587,239 | 5,351 | 1,085 | ||
| 4,281 | 16,823 | 17,734 | 4 | 133 | 6 | -206 | -4,784 | 4,981 | -200 | -2,043 | - | - | - | ||
| 20,218 | 22,824 | -160 | -18,689 | -594,942 | -593,589 | -592,613 | -591,631 | -587,092 | -584,733 | -579,952 | -576,161 | 22,284 | 14,377 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 4.8% | -5.2% | ||
| 86.8% | 86.4% | 85.2% | 86.4% | -1.2% | -1.0% | -0.8% | -0.7% | 0.0% | 0.4% | 1.3% | 2.1% | 82.4% | 12.5% | ||
| 1.22 | 1.24 | 1.00 | 0.79 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.11 | 0.10 | 0.10 | 4.97 | 1.14 | ||
| 0.77 | 0.80 | 0.59 | 0.32 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 4.97 | 1.09 | ||
| 0.15 | 0.16 | 0.17 | 0.16 | - | - | - | - | - | - | 74.41 | 46.46 | 0.21 | 6.97 | ||
| -0.4% | 3.8% | 3.2% | 101.4% | - | - | - | - | - | -244.1% | -59.5% | -91.2% | 45.3% | -29.4% | ||
| -0.4% | 3.3% | 2.7% | 87.6% | -0.3% | -0.1% | -0.1% | -0.7% | -0.4% | -0.9% | -0.8% | -1.9% | 37.4% | -3.7% | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 30 days | 455 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 403 days |
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.
The operating result for 2025 is a loss of €2,577, after a profit of €23,695 in 2024. It is the lowest result since 2018.
Debt's share of the balance-sheet total falls from 13.6% to 13.2%. Equity and debt are lower.
Source: list of holdings in its own 2022 accounts. Every holding stands with its own latest accounts.
| NUEVO LAS MANAS
registered office since 05-12-1988 · founded in 1988 · accounts filed late |
28 FTE (2024) 0435.751.714 |
| IMMOLAND
registered office since 06-02-1987 · founded in 1987 |
total assets €2.5m (2025) 0430.379.201 |
| TVS SHIPPING
establishment since 01-12-2017 · founded in 2017 · accounts filed late |
total assets €395,967 (2024) 0685.537.503 |
| Nicholas Davies
registered office since 01-09-2023 · founded in 2023 |
total assets €184,903 (2025) 0803.814.056 |
| We&Mi
establishment since 21-09-2006 · founded in 2006 |
total assets €1,531 (2024) 0883.297.836 |
| L.B.T. SHIPPING
registered office since 12-01-2016 · founded in 2016 · negative equity (2025) |
total assets €252 (2025) 0645.852.130 |
| Freddy Eats World
registered office since 05-05-2026 |
founded in 2026 1037.607.713 |
| Kwick, Lorenzo (sole trader)
establishment since 02-01-2015 |
founded in 2017 0505.931.115 |
| Apers, Kevin (sole trader)
establishment since 31-07-2014 |
founded in 2017 0556.997.556 |
| van der Werf, Jakob (sole trader)
establishment since 02-01-2012 |
founded in 2012 0842.717.687 |
| Name | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| NUEVO LAS MANAS | 70.01% | 100% | |||||||
Source: list of holdings in its own accounts
The network starts from the directors of RAYCIMO. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Ankerrui 42 registered office 2000 Antwerp 55100 Hotels and similar accommodation | 01-09-2012 | 2.213.483.481 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11802B0233/00R002 | 315 m² | 1 · 314 m² | 23.8 m · 7 |
If something looks wrong or is missing, please tell us.