RAYLAS
ActiveRAYLAS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €-39k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 84% of 3663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-65
Solvency93▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.7 in 2024; short-term debt: 16.7% and cash: 5.5% of total assets), and 31.6% 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 56
Relative position
BE, all sectors
reference
Sector 56
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-39k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
21 d late
2023
13 d late
2022
133 d late
2021
25 d late
2020
28 d late
2019
69 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€202k▼ 16.1%
2024 · €240k
2018: €318k
2019: €303k
2020: €300k
2021: €306k
2022: €291k
2023: €245k
2024: €240k
2018 → 2025
Total assets
€295k▼ 15.4%
2024 · €349k
2018: €319k
2019: €397k
2020: €397k
2021: €407k
2022: €376k
2023: €332k
2024: €349k
2018 → 2025
Net result
€-39k▼ 813%
2024 · €-4k
2018: €-30k
2019: €-14k
2020: €-3k
2021: €5k
2022: €-14k
2023: €-47k
2024: €-4k
2018 → 2025
Working capital
€7k▼ 78.7%
2024 · €35k
2018: €35k
2019: €59k
2020: €52k
2021: €77k
2022: €82k
2023: €41k
2024: €35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€306k-€291k▼ 4.7%€245k▼ 16.0%€240k▼ 1.7%€202k▼ 16.1%
Operating result€7k-€-12k€-44k▼ 262%€-2k▲ 96.0%€-36k▼ 1,973%
Net result€5k-€-14k€-47k▼ 226%€-4k▲ 90.9%€-39k▼ 813%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295k
Fixed assets
€238k▼ 9.8%
Current assets
€57k▼ 33.0%
Equity and liabilities €295k
Equity
€202k▼ 16.1%
Debt
€93k▼ 14.0%
The debt ratio rises from 31.1% to 31.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▼
2024 · €26k
Cash flow
€-13k▼
2024 · €24k
Solvency
68.4%▼
2024 · 68.9%
Current ratio
1.15▼
2024 · 1.70
Quick ratio
1.15▼
2024 · 1.70
Debt / equity
0.46▲
2024 · 0.45
ROE
-19.2%▼
2024 · -1.8%
ROA
-13.1%▼
2024 · -1.2%
Interest coverage
-4.82▼
2024 · 10.54
Debt
€93k▼
2024 · €109k
Debt ≤ 1 year
€49k▼
2024 · €50k
Debt > 1 year
€44k▼
2024 · €59k
Staff costs
€81k▲
2024 · €61k
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€349k€295k▼
Fixed assets21/28€264k€238k▼
Tangible fixed assets22/27€264k€238k▼
Land and buildings22€223k€208k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€28k€21k▼
Other tangible fixed assets26€9k€7k▼
Current assets29/58€85k€57k▼
Amounts receivable after more than one year29€39k€39k=
Other amounts receivable291€39k€39k=
Amounts receivable within one year40/41€978€228▼
Other amounts receivable41€978€228▼
Cash at bank and in hand54/58€43k€16k▼
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€349k€295k▼
Equity10/15€240k€202k▼
Contributions10/11€167k€167k=
Capital10€167k€167k=
Issued capital100€167k€167k=
Revaluation surpluses12€156k€147k▼
Reserves13€76k€85k▲
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Distributable reserves133€59k€68k▲
Profit (loss) carried forward14€-159k€-197k▼
Amounts payable17/49€109k€93k▼
Amounts payable after more than one year17€59k€44k▼
Financial debts170/4€59k€44k▼
Amounts payable within one year42/48€50k€49k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€3k€4k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€24k€24k▼
Income statement
Code20242025
Remuneration, social security and pensions62€61k€81k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€26k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€91k€75k▼
Operating profit (loss)9901€-2k€-36k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-4k€-39k▼
Profit (loss) for the period9904€-4k€-39k▼
Profit (loss) for the period to be appropriated9905€-4k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-159k€-197k▼
Profit (loss) brought forward from the previous period14P€-154k€-159k▼
The notes to these accounts (4 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
11-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 133 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2019
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.
Morckhovenlei 472140 AntwerpenGround area
2,048 m²
Building footprint
689 m²
Volume, LiDAR
17,940 m³
2 parcels, Flanders · tallest building 34.8 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
RAYLAS
since 20192.287.826.954
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0200/00L006 | Flanders | 1,184 m² | 1 · 202 m² | 19.1 m · 6 fl. |
| 31038B0001/02M000 | Flanders | 864 m² | 1 · 487 m² | 34.8 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Haan2.287.826.954
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ALIMENTUM
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Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 8,528 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-03-2003
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:lasha357@yahoo.com
Phone:000000000