RAYDIANT
ActiveSummary
RAYDIANT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €123,066. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
short-term debt: 0.6% and cash: 78.8% of total assets, and 0.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
99.3%
Return on assets
8.5%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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
4 d late
2024
22 d late
2023
27 d late
2022
25 d late
2021
29 d late
2020
24 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.4m▲ 9.4%
2024 · €1.3m
Total assets
€1.4m▲ 6.8%
2024 · €1.4m
Net result
€123,066▼ 2.7%
2024 · €126,518
Working capital
€1.2m▲ 11.6%
2024 · €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
Line20212022202320242025
Operating result€24,030▼ 89.5%€162,068▲ 574%€309,172▲ 90.8%€177,175▼ 42.7%€160,895▼ 9.2%
Net result€14,911▼ 90.5%€113,994▲ 664%€214,362▲ 88.0%€126,518▼ 41.0%€123,066▼ 2.7%
Equity€861,069▼ 26.0%€975,063▲ 13.2%€1.2m▲ 22.0%€1.3m▲ 10.6%€1.4m▲ 9.4%
Total assets€943,263▼ 23.9%€1.0m▲ 7.7%€1.4m▲ 35.2%€1.4m▼ 1.2%€1.4m▲ 6.8%
Debt€82,194▲ 7.5%€40,518▼ 50.7%€184,029▲ 354%€40,370▼ 78.1%€10,093▼ 75.0%
Working capital€622,383▼ 31.5%€731,617▲ 17.6%€947,242▲ 29.5%€1.1m▲ 13.3%€1.2m▲ 11.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +88% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
- 2021 Net result -91% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€242,147 ▼ 0.7%
Current assets
€1.2m ▲ 8.5%
Equity and liabilities €1.4m
Equity
€1.4m ▲ 9.4%
Debt
€10,093 ▼ 75.0%
Debt's share of the balance-sheet total falls from 3.0% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164,811▼
2024 · €180,382
Cash flow
€126,981▼
2024 · €129,724
Debt to equity
0.01▼
2024 · 0.03
ROE
8.6%▼
2024 · 9.6%
ROA
8.5%▼
2024 · 9.3%
Interest coverage
565.12▼
2024 · 615.91
Debt ≤ 1 year
€9,248▼
2024 · €39,195
Income taxes
€52,541▼
2024 · €53,613
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity €1.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €363 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,644 | €2,391 | €3,218 | €3,207 | €3,916 | ▲ 22.1% |
| Other operating charges640/8 | €2,126 | €2,340 | €2,844 | €6,847 | €7,773 | ▲ 13.5% |
| Non-recurring operating charges66A | €491 | - | - | - | - | - |
| Gross operating margin9900 | €43,290 | €166,799 | €315,234 | €187,229 | €172,584 | ▼ 7.8% |
| Operating profit (loss)9901 | €24,030 | €162,068 | €309,172 | €177,175 | €160,895 | ▼ 9.2% |
| Financial income75/76B | €515 | - | €647 | €3,249 | €15,003 | ▲ 362% |
| Recurring financial income75 | €515 | - | €647 | €3,249 | €15,003 | ▲ 362% |
| Financial charges65/66B | €266 | €214 | €259 | €293 | €292 | ▼ 0.4% |
| Recurring financial charges65 | €266 | €214 | €259 | €293 | €292 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | €24,279 | €161,854 | €309,560 | €180,131 | €175,606 | ▼ 2.5% |
| Income taxes67/77 | €9,368 | €47,860 | €95,198 | €53,613 | €52,541 | ▼ 2.0% |
| Profit (loss) for the period9904 | €14,911 | €113,994 | €214,362 | €126,518 | €123,066 | ▼ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €14,911 | €113,994 | €214,362 | €126,518 | €123,066 | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €943,263 | €1.0m | €1.4m | €1.4m | €1.4m | ▲ 6.8% |
| Fixed assets21/28 | €239,645 | €244,713 | €243,303 | €243,910 | €242,147 | ▼ 0.7% |
| Intangible fixed assets21 | €2,886 | €2,149 | €1,412 | €675 | - | - |
| Tangible fixed assets22/27 | €236,759 | €242,564 | €241,891 | €243,235 | €242,147 | ▼ 0.4% |
| Land and buildings22 | €235,000 | €235,000 | €235,000 | €235,000 | €235,000 | = |
| Plant, machinery and equipment23 | €1,759 | €4,584 | €4,642 | €6,719 | €6,362 | ▼ 5.3% |
| Furniture and vehicles24 | - | €2,980 | €2,248 | €1,516 | €784 | ▼ 48.3% |
| Current assets29/58 | €703,617 | €770,867 | €1.1m | €1.1m | €1.2m | ▲ 8.5% |
| Stocks and contracts in progress3 | €24,734 | €27,277 | €25,235 | €28,236 | €26,135 | ▼ 7.4% |
| Stocks30/36 | €24,734 | €27,277 | €25,235 | €28,236 | €26,135 | ▼ 7.4% |
| Amounts receivable within one year40/41 | €79,538 | €63,932 | €73,366 | €65,295 | €37,444 | ▼ 42.7% |
| Trade receivables40 | €27,608 | €39,052 | €43,056 | €45,642 | €10,935 | ▼ 76.0% |
| Other amounts receivable41 | €51,930 | €24,880 | €30,310 | €19,653 | €26,509 | ▲ 34.9% |
| Cash at bank and in hand54/58 | €597,420 | €677,695 | €1.0m | €1.0m | €1.1m | ▲ 12.2% |
| Deferred charges and accrued income490/1 | €1,926 | €1,963 | €1,321 | €1,129 | €1,051 | ▼ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €943,263 | €1.0m | €1.4m | €1.4m | €1.4m | ▲ 6.8% |
| Equity10/15 | €861,069 | €975,063 | €1.2m | €1.3m | €1.4m | ▲ 9.4% |
| Reserves13 | €861,069 | €975,063 | €1.2m | €1.3m | €1.4m | ▲ 9.4% |
| Distributable reserves133 | €861,069 | €975,063 | €1.2m | €1.3m | €1.4m | ▲ 9.4% |
| Amounts payable17/49 | €82,194 | €40,518 | €184,029 | €40,370 | €10,093 | ▼ 75.0% |
| Amounts payable within one year42/48 | €81,235 | €39,250 | €182,909 | €39,195 | €9,248 | ▼ 76.4% |
| Trade debts44 | €54,754 | €23,515 | €116,825 | €25,498 | €2,944 | ▼ 88.5% |
| Suppliers440/4 | €54,754 | €23,515 | €116,825 | €25,498 | €2,944 | ▼ 88.5% |
| Advances received on contracts in progress46 | €1,077 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €25,404 | €15,735 | €66,084 | €13,697 | €6,304 | ▼ 54.0% |
| Taxes450/3 | €25,404 | €15,735 | €66,084 | €13,697 | €6,304 | ▼ 54.0% |
| Accrued charges and deferred income492/3 | €959 | €1,267 | €1,120 | €1,175 | €845 | ▼ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,911 | €113,994 | €214,362 | €126,518 | €123,066 | ▼ 2.7% |
| + Depreciation and write-downs630 | €16,644 | €2,391 | €3,218 | €3,207 | €3,916 | ▲ 22.1% |
| Operating cash flow (approximation) | €31,555 | €116,385 | €217,580 | €129,724 | €126,981 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€7,459 | -€1,808 | -€3,814 | -€2,152 | ▲ 43.6% |
| Change in cash | - | €80,275 | €352,534 | -€12,486 | €124,582 | ▲ 1,098% |
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
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial
Liquidity times 5current ratio 130.50
Current ratio from 28.38 to 130.50; short-term debt falls from €39,195 to €9,248.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Liquidity times 5current ratio 28.38
Current ratio from 6.18 to 28.38; short-term debt falls from €182,909 to €39,195.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €214,362 ▲88%
Operating result €309,172, net result €214,362, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲22%
6 profitable years in a row build equity to €1.2m.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 19.64
Current ratio from 8.66 to 19.64; short-term debt falls from €81,235 to €39,250.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €14,911 ▼90.5%
Net result drops to €14,911, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Liquidity doublescurrent ratio 13.08
Current ratio from 6.00 to 13.08; short-term debt falls from €157,389 to €75,244.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €1mEq €1.0m ▲14.9%
2 profitable years in a row build equity to €1.0m.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2003
Ground area
243 m²
Building footprint
110 m²
Volume, LiDAR
998 m³
Parcel 11303C0206/00D009, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koninklijkelaan 36, 2600 Antwerpen
since 20032.123.201.128
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0206/00D009 | Flanders | 243 m² | 1 · 110 m² | 14.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
European Union, budget
2021 · 2 entries · 217,000 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 2 | 217,000 EUR |
Projects
WINDOWLESS AUTOMATIC SAMPLE CHAN
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,756. 1,306 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
Founded24-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479385183
Also
9925:BE0479385183
Registered
22-08-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.