RAYDEC
ActiveSummary
RAYDEC has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €542,258 and a net result of €148,094. Equity has been growing by about 17% per year since 2018. Its solvency ranks better than 46% of 3,036 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-10-1986 Normal situation
- Activity
- Medical imaging and medical laboratories NACE 86910
- Establishment unit
- 2.230.962.089 7301 Boussu, since 10-10-1986
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €224,005
- ▼ 14.4%
- Turnover
- ≈ €420,000
- estimated
- Profit
- €148,094
- ▼ 13.5%
- Equity
- €542,258
- ▼ 33.0%
- Total assets
- €993,961
- ▲ 8.0%
- Staff
- 0.3 FTE
- =
Score breakdownlowers riskSector: Human health activities (NACE 86)Size: total assets €993,961Liquidity: current ratio 2.19, cash €471,415Figures for financial year 2025 (filed on 29-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 86, micro). It does better than 44% of them on solvency, 60% on liquidity, 40% on profitability and 17% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 39 filings
Every figure per financial year
The operating result for 2025 is 16% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 3 | 3 | - |
| part-time | 1 | 1 | 3 | 3 | - |
| in full-time equivalents | 0.3 | 0.3 | 0.3 | 0.3 | - |
| Average over the year, in full-time equivalents | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| On a permanent contract | 1 | 1 | 1 | 1 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €5,850 | - |
| Depreciation and write-downs of the year | €6,041 | €6,041 | €6,041 | €1,245 | €1,950 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €13,362 | €14,735 | €15,581 | €16,159 | €16,313 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,041 | €6,041 | €6,041 | €6,041 | €6,041 | €1,245 | €1,950 | ▲ 56.7% |
| Other operating charges640/8 | - | - | - | €546 | €1,009 | €604 | €174 | €624 | ▲ 259% |
| Gross operating margin9900 | €364,678 | €284,362 | €118,913 | €283,969 | €261,710 | €226,154 | €261,739 | €224,005 | ▼ 14.4% |
| Operating profit (loss)9901 | €351,215 | €263,402 | €98,975 | €264,020 | €239,925 | €203,929 | €244,161 | €205,118 | ▼ 16.0% |
| Financial income75/76B | - | - | - | €318 | €2,818 | €4,381 | €9,674 | €15,660 | ▲ 61.9% |
| Recurring financial income75 | €12,951 | €7,579 | €919 | €318 | €2,818 | €4,381 | €9,674 | €15,660 | ▲ 61.9% |
| Financial charges65/66B | - | - | - | €1,085 | €705 | €1,794 | €1,869 | €1,822 | ▼ 2.5% |
| Recurring financial charges65 | €1,686 | €1,343 | €1,232 | €1,085 | €705 | €1,794 | €1,869 | €1,822 | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €362,479 | €269,638 | €98,663 | €263,253 | €242,037 | €206,516 | €251,966 | €218,957 | ▼ 13.1% |
| Income taxes67/77 | €117,318 | €98,975 | €32,652 | €84,994 | €69,093 | €66,927 | €80,785 | €70,863 | ▼ 12.3% |
| Profit (loss) for the period9904 | €245,161 | €170,663 | €66,010 | €178,259 | €172,943 | €139,589 | €171,181 | €148,094 | ▼ 13.5% |
| Profit (loss) for the period to be appropriated9905 | €245,161 | €170,663 | €66,010 | €178,259 | €172,943 | €139,589 | €171,181 | €148,094 | ▼ 13.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €550,549 | €538,452 | €531,358 | €674,748 | €776,434 | €750,763 | €920,642 | €993,961 | ▲ 8.0% |
| Fixed assets21/28 | €50 | €24,216 | €18,174 | €12,133 | €6,091 | €50 | €4,656 | €2,706 | ▼ 41.9% |
| Tangible fixed assets22/27 | - | €24,166 | €18,124 | €12,083 | €6,041 | €0 | €4,606 | €2,656 | ▼ 42.3% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €12,083 | €6,041 | €0 | €4,606 | €2,656 | ▼ 42.3% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €550,499 | €514,236 | €513,184 | €662,615 | €770,343 | €750,713 | €915,987 | €991,255 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €442,958 | €330,296 | €125,134 | €272,737 | €279,447 | €216,889 | €443,733 | €517,127 | ▲ 16.5% |
| Trade receivables40 | - | - | - | €240,389 | €178,455 | €152,142 | €171,165 | €158,581 | ▼ 7.4% |
| Other amounts receivable41 | - | - | - | €32,348 | €100,991 | €64,747 | €272,567 | €358,546 | ▲ 31.5% |
| Cash at bank and in hand54/58 | €107,169 | €182,928 | €386,842 | €387,811 | €488,700 | €533,564 | €470,910 | €471,415 | ▲ 0.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,068 | €2,196 | €260 | €1,344 | €2,714 | ▲ 102% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €550,549 | €538,452 | €531,358 | €674,748 | €776,434 | €750,763 | €920,642 | €993,961 | ▲ 8.0% |
| Equity10/15 | €301,839 | €361,340 | €427,351 | €546,288 | €577,488 | €717,077 | €809,097 | €542,258 | ▼ 33.0% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €283,247 | €342,748 | €408,759 | €527,696 | €558,896 | €698,485 | €790,504 | €523,666 | ▼ 33.8% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €525,837 | €557,037 | €696,626 | €790,504 | €523,666 | ▼ 33.8% |
| Amounts payable17/49 | €248,710 | €177,112 | €104,008 | €128,460 | €198,946 | €33,686 | €111,546 | €451,703 | ▲ 305% |
| Amounts payable within one year42/48 | €248,710 | €177,112 | €104,008 | €128,460 | €198,946 | €33,686 | €111,546 | €451,703 | ▲ 305% |
| Financial debts43 | - | - | - | €27,562 | €27,538 | €27,612 | €27,616 | €27,592 | ▼ 0.1% |
| Credit institutions430/8 | - | - | - | €27,562 | €27,538 | €27,612 | €27,616 | €27,592 | ▼ 0.1% |
| Trade debts44 | - | €2,001 | €1,264 | €1,880 | €3,681 | €2,135 | €769 | €1,219 | ▲ 58.5% |
| Suppliers440/4 | - | - | - | €1,880 | €3,681 | €2,135 | €769 | €1,219 | ▲ 58.5% |
| Taxes, remuneration and social security45 | - | - | - | €21,752 | €25,984 | €3,939 | €4,000 | €7,960 | ▲ 99.0% |
| Taxes450/3 | - | - | - | €19,994 | €24,087 | €1,927 | €1,927 | €5,863 | ▲ 204% |
| Remuneration and social security454/9 | - | - | - | €1,758 | €1,897 | €2,012 | €2,073 | €2,096 | ▲ 1.1% |
| Other amounts payable47/48 | - | - | - | €77,267 | €141,743 | - | €79,161 | €414,932 | ▲ 424% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €245,161 | €170,663 | €66,010 | €178,259 | €172,943 | €139,589 | €171,181 | €148,094 | ▼ 13.5% |
| + Depreciation and write-downs630 | - | €6,041 | €6,041 | €6,041 | €6,041 | €6,041 | €1,245 | €1,950 | ▲ 56.7% |
| Operating cash flow (approximation) | €245,161 | €176,704 | €72,052 | €184,301 | €178,985 | €145,630 | €172,425 | €150,043 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€30,207 | €0 | €0 | €0 | €0 | -€5,850 | €0 | - |
| Change in cash | - | €75,759 | €203,914 | €969 | €100,889 | €44,864 | -€62,654 | €504 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as RAYDEC has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RAYDEC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for RAYDEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00349776 | |
| 31-12-2024 | full format | 30-07-2025 | 2025-00335598 | |
| 31-12-2023 | full format | 31-07-2024 | 2024-00321857 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00296663 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20055993 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-41900102 | |
| 31-12-2019 | micro format | 06-10-2020 | 2020-59700598 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54200082 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58200233 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-51400257 |
Board & ownership
Directors
Full text
Article 13 - Représentation La société est représentée dans tous les actes, y compris ceux où interviennent un fonctionnaire public ou un officier ministériel, dans toutes les procédures judiciaires, par un administrateur agissant seul. Elle est en outre valablement engagée par des mandataires spéciaux dans les limites de leurs mandats. En conséquence l’administrateur peut, sans que cette énumération soit limitative, accepter toutes sommes et valeurs et en donner valablement quittance ; acquérir, aliéner, échanger, donner et prendre en location et hypothéquer tous droits et biens meubles ou immeubles; contracter des emprunts avec garantie hypothécaire ou autre; accorder des prêts, accepter tous cautionnements et hypothèques avec ou sans stipulation d'exécution forcée, renoncer à tous droits réels et autres; de toutes garanties, privilèges et hypothèques, donner mainlevée avec ou sans paiement, ainsi que de toutes inscriptions privilégiées et hypothécaires, émargements, oppositions ou saisies; donner dispense d'inscription d'office; effectuer ou permettre des paiements avec ou sans subrogation; renoncer en quelque matière que ce soit, se désister ou acquiescer, conclure tous compromis, transiger, faire appel à l'arbitrage et accepter des sentences arbitrales, consentir éventuellement des ristournes; engager, suspendre ou licencier du personnel, déterminer son traitement, ses attributions et ses avantages pécuniaires ou autres. A moins d'une délégation spéciale, un administrateur agissant seul peut ouvrir et disposer de tout compte en banque.
Owners and capital
Capital transactions
- 16-05-2024 Converted to unavailable equity · €18,592
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| DECLERCQ Albert |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d'administration, représentant permanent ne peut siéger au sein organe concerné ni à titre personnel ni en qualité de représentant…”“Ne peut être versé au détriment des autres actionnaires le cas échéant, assemblée générale”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Gestion dossiers médicaux,vie privée patients,secret professionnel associés, médecin réunissant deux conditions”
Articles of association, deed of 16-05-2024 (in French)
Network & group
RAYDEC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of RAYDEC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-05
Gazette deed
Change of role: DECLERCQ Albert, from manager to sole directorLegal-form conversion: from private limited company (pre-2019) to private limited company · Registered office clause: Pavé du Buisson 90, 7301 Boussu (Hornu) · Power of attorney: Emmanuel NIZET6 points ▸
- General meeting, 13-05-2024
- Legal-form conversion, from private limited company (pre-2019) to private limited company
- Director resignation, DECLERCQ Albert (manager)
- Director appointment, DECLERCQ Albert (sole director)
- Registered office clause, Pavé du Buisson 90, 7301 Boussu (Hornu)
- Power of attorney, Emmanuel NIZET
- The act holds 12 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53041C0444/00Y000 | Wallonia | 620 m² | 1 · 189 m² | 13.3 m · 4 |