RAYMATH TRANSPORT
Open bankruptcyA bankruptcy procedure is open for RAYMATH TRANSPORT according to publications in the Belgian State Gazette; curator: YSABELLE ENSCH.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 17-11-2023, 17 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 · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
17 d late
2022
17 d late
2021
30 d late
2020
30 d late
2018
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-2k▲ 96.9%
2022 · €-59k
2020: €27k
2021: €-3k
2022: €-59k
2020 → 2023
Total assets
€179k▲ 169%
2022 · €66k
2020: €149k
2021: €116k
2022: €66k
2020 → 2023
Net result
€57k
2022 · €-56k
2020: €-45k
2021: €-30k
2022: €-56k
2020 → 2023
Working capital
€-14k▲ 80.8%
2022 · €-71k
2020: €24k
2021: €-14k
2022: €-71k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€27k-€-3k€-59k▼ 2,084%€-2k▲ 96.9%
Operating result€-44k-€-21k▲ 52.9%€-51k▼ 147%€61k
Net result€-45k-€-30k▲ 33.3%€-56k▼ 86.0%€57k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €61k after a loss of €51k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €179k
Fixed assets
€12k▼ 4.2%
Current assets
€167k▲ 209%
Key figures and ratios
EBITDA
€65k▲
2022 · €-49k
Cash flow
€61k▲
2022 · €-53k
Solvency
-1.0%▲
2022 · -88.4%
Current ratio
0.92▲
2022 · 0.43
Quick ratio
0.92▲
2022 · 0.43
Debt / equity
-99.17▼
2022 · -2.13
ROA
31.8%▲
2022 · -84.4%
Interest coverage
15.05▲
2022 · -10.52
Debt
€181k▲
2022 · €125k
Debt ≤ 1 year
€181k▲
2022 · €125k
Staff costs
€15k▼
2022 · €28k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€66k€179k▲
Fixed assets21/28€12k€12k▼
Tangible fixed assets22/27€7k€6k▼
Furniture and vehicles24€7k€6k▼
Financial fixed assets28€6k€6k=
Current assets29/58€54k€167k▲
Amounts receivable after more than one year29-€46k
Other amounts receivable291-€46k
Amounts receivable within one year40/41€54k€121k▲
Trade receivables40€51k€117k▲
Other amounts receivable41€3k€4k▲
Deferred charges and accrued income490/1-€460
Equity and liabilities
Total equity and liabilities10/49€66k€179k▲
Equity10/15€-59k€-2k▲
Contributions10/11€1k€1k=
Reserves13€5k€5k=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Tax-exempt reserves132€5k€5k=
Profit (loss) carried forward14€-65k€-8k▲
Amounts payable17/49€125k€181k▲
Amounts payable within one year42/48€125k€181k▲
Financial debts43€5k€682▼
Credit institutions430/8€5k€682▼
Trade debts44€28k€42k▲
Suppliers440/4€28k€42k▲
Advances received on contracts in progress46-€60k
Taxes, remuneration and social security45€52k€49k▼
Taxes450/3€36k€38k▲
Remuneration and social security454/9€16k€12k▼
Other amounts payable47/48€40k€29k▼
Income statement
Code20222023
Remuneration, social security and pensions62€28k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-18k€82k▲
Operating profit (loss)9901€-51k€61k▲
Financial income75/76B-€460
Recurring financial income75-€460
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-56k€57k▲
Profit (loss) for the period9904€-56k€57k▲
Profit (loss) for the period to be appropriated9905€-56k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-65k€-8k▲
Profit (loss) brought forward from the previous period14P€-9k€-65k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
20-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · RAYMATH TRANSPORT SQUARE CHARLES-MAURICE WISER 10/22, 1040 ETTERBEEK · event 08-11-2024
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
31-03
Financial
Back to profitnet €57k
Net result €57k after 3 loss-making years.
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
31-03
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 36 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2013
14-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 14 days late
2012
30-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
08-11-2024 → present |