Rayden
ActiveRayden has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.80M and a net result of €606k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-2
Solvency91▲+3
Growth45▼-5
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.24 in 2024; short-term debt: 33.5% and cash: 38.5% of total assets), and 34.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.8%
Return on assets
10.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
31 d early
2023
30 d late
2022
30 d late
2021
29 d late
2020
3 d early
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€19.22M▼ 22.1%
2024 · €24.68M
2018: €20.54M
2019: €22.77M
2020: €23.44M
2021: €25.38M
2022: €27.40M
2023: €25.77M
2024: €24.68M
2018 → 2025
EBIT margin
4.1%=
2024 · 4.1%
2018: 5.8%
2019: 4.6%
2020: 5.1%
2021: 5.4%
2022: 5.5%
2023: 4.5%
2024: 4.1%
2018 → 2025
Net result
€606k▼ 20.0%
2024 · €757k
2018: €857k
2019: €732k
2020: €885k
2021: €1.01M
2022: €1.15M
2023: €898k
2024: €757k
2018 → 2025
Working capital
€3.15M▲ 12.8%
2024 · €2.79M
2018: €1.55M
2019: €2.01M
2020: €2.39M
2021: €2.38M
2022: €3.53M
2023: €3.41M
2024: €2.79M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€25.38M-€27.40M▲ 7.9%€25.77M▼ 5.9%€24.68M▼ 4.2%€19.22M▼ 22.1%
Equity€3.05M-€4.20M▲ 37.6%€4.54M▲ 8.0%€3.80M▼ 16.4%€3.80M▲ 0.2%
Operating result€1.38M-€1.51M▲ 9.4%€1.15M▼ 23.4%€1.01M▼ 12.5%€786k▼ 22.2%
Net result€1.01M-€1.15M▲ 13.3%€898k▼ 21.7%€757k▼ 15.7%€606k▼ 20.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 22% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.77M
Fixed assets
€695k▼ 30.8%
Current assets
€5.08M▲ 0.9%
Equity and liabilities €5.77M
Equity
€3.80M▲ 0.2%
Debt
€1.97M▼ 12.2%
The debt ratio falls from 37.2% to 34.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.18M▼
2024 · €1.40M
Cash flow
€1.00M▼
2024 · €1.15M
Solvency
65.8%▲
2024 · 62.8%
Current ratio
2.63▲
2024 · 2.24
Quick ratio
2.63▲
2024 · 2.24
Debt / equity
0.52▼
2024 · 0.59
ROE
15.9%▼
2024 · 19.9%
ROA
10.5%▼
2024 · 12.5%
Interest coverage
450.11▼
2024 · 490.11
Debt
€1.97M▼
2024 · €2.25M
Debt ≤ 1 year
€1.93M▼
2024 · €2.25M
Income taxes
€190k▼
2024 · €247k
Staff costs
€3.03M▲
2024 · €3.02M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.04M€5.77M▼
Fixed assets21/28€1.01M€695k▼
Tangible fixed assets22/27€1.01M€695k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€985k€685k▼
Other tangible fixed assets26€13k€7k▼
Current assets29/58€5.04M€5.08M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€3.34M€2.86M▼
Trade receivables40€3.25M€2.80M▼
Other amounts receivable41€87k€54k▼
Cash at bank and in hand54/58€1.70M€2.22M▲
Equity and liabilities
Total equity and liabilities10/49€6.04M€5.77M▼
Equity10/15€3.80M€3.80M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€2.26M€2.32M▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€2.25M€2.31M▲
Profit (loss) carried forward14€1.41M€1.36M▼
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€2.25M€1.97M▼
Amounts payable within one year42/48€2.25M€1.93M▼
Financial debts43€60k€54k▼
Credit institutions430/8€60k€54k▼
Trade debts44€939k€974k▲
Suppliers440/4€939k€974k▲
Taxes, remuneration and social security45€347k€304k▼
Taxes450/3€45k€3k▼
Remuneration and social security454/9€302k€300k▼
Other amounts payable47/48€900k€600k▼
Accrued charges and deferred income492/3-€41k
Income statement
Code20242025
Operating income70/76A€25.27M€20.14M▼
Turnover70€24.68M€19.22M▼
Other operating income74€529k€831k▲
Non-recurring operating income76A€62k€94k▲
Operating charges60/66A€24.26M€19.35M▼
Goods for resale, raw materials and consumables60€15.38M€10.61M▼
Purchases600/8€15.38M€10.61M▼
Services and other goods61€4.50M€4.21M▼
Remuneration, social security and pensions62€3.02M€3.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€391k€395k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-210k€0▲
Other operating charges640/8€1.16M€1.10M▼
Non-recurring operating charges66A€10k€2▼
Operating profit (loss)9901€1.01M€786k▼
Financial income75/76B€0€15k▲
Recurring financial income75€0€15k▲
Income from current assets751€0€15k▲
Other financial income752/9€0€147▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Debt charges650€3k€3k▼
Other financial charges652/9€3k€3k▼
Profit (loss) for the period before taxes9903€1.00M€796k▼
Income taxes67/77€247k€190k▼
Taxes670/3€247k€190k▼
Profit (loss) for the period9904€757k€606k▼
Transfer to tax-exempt reserves689€46k€56k▲
Profit (loss) for the period to be appropriated9905€711k€550k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.91M€1.96M▼
Profit (loss) brought forward from the previous period14P€2.20M€1.41M▼
Profit to be distributed694/7€1.50M€600k▼
Return on contributions (dividend)694€1.50M€600k▼
Social balance
Average headcount (FTE)908744.645.4▲
The notes to these accounts (38 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €606k ▼20%
Net result drops to €606k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €1.15M ▲13.3%
Operating result €1.51M, net result €1.15M, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-11-2025
Resigned as Director
Location & real-estate footprint
Registered office, Kortenberg · 1 establishment unit since 1974
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jan-Baptist Vinkstraat 113070 KortenbergGround area
4,880 m²
Building footprint
547 m²
Volume, LiDAR
3,674 m³
Parcel 24055A0010/00N000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jan-Baptist Vinkstraat 11, 3070 Kortenberg
since 19742.010.446.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055A0010/00N000 | Flanders | 4,880 m² | 1 · 547 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,112 EUR awarded · 1,548 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 458 EUR | 458 EUR |
| 2023 | 1 | 0 EUR | 436 EUR |
| 2022 | 1 | 654 EUR | 654 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,195. 2,072 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-10-1974
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@rayden.be
Phone:022540808
Fax:022540800