raypAth DN
ActiveSummary
raypAth DN has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,159 and a net result of €2,627. Its solvency ranks better than 23% of 581 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- €4,159
- Profit
- €2,627
Why 81raises risk1 change of registered office in 24 monthsFounded in 2023lowers riskSector: Education (NACE 85)Size: total assets €21,313Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 85, micro): better than 30% on solvency, 9% on liquidity, 39% on profitability and 95% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 1 day before the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Registered officeRegistered-office move · Power of…
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is over 4.7 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €772 | €400 | ▼ 48.2% |
| Gross operating margin9900 | €1,562 | €4,147 | ▲ 166% |
| Operating profit (loss)9901 | €790 | €3,748 | ▲ 374% |
| Financial charges65/66B | €26 | €47 | ▲ 85.2% |
| Recurring financial charges65 | €26 | €47 | ▲ 85.2% |
| Profit (loss) for the period before taxes9903 | €765 | €3,700 | ▲ 384% |
| Income taxes67/77 | €233 | €1,073 | ▲ 360% |
| Profit (loss) for the period9904 | €532 | €2,627 | ▲ 394% |
| Profit (loss) for the period to be appropriated9905 | €532 | €2,627 | ▲ 394% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4,421 | €21,313 | ▲ 382% |
| Fixed assets21/28 | €200 | - | - |
| Financial fixed assets28 | €200 | - | - |
| Current assets29/58 | €4,221 | €21,313 | ▲ 405% |
| Amounts receivable within one year40/41 | €1,400 | €19,292 | ▲ 14× |
| Trade receivables40 | €1,204 | €19,171 | ▲ 16× |
| Other amounts receivable41 | €196 | €121 | ▼ 38.2% |
| Cash at bank and in hand54/58 | €2,822 | €2,021 | ▼ 28.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4,421 | €21,313 | ▲ 382% |
| Equity10/15 | €1,532 | €4,159 | ▲ 172% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €532 | €3,159 | ▲ 494% |
| Distributable reserves133 | €532 | €3,159 | ▲ 494% |
| Amounts payable17/49 | €2,890 | €17,154 | ▲ 494% |
| Amounts payable within one year42/48 | €2,503 | €17,154 | ▲ 585% |
| Trade debts44 | €2,229 | €15,975 | ▲ 617% |
| Suppliers440/4 | €2,229 | €15,975 | ▲ 617% |
| Taxes, remuneration and social security45 | €233 | €1,073 | ▲ 360% |
| Taxes450/3 | €233 | €1,073 | ▲ 360% |
| Other amounts payable47/48 | €41 | €106 | ▲ 160% |
| Accrued charges and deferred income492/3 | €387 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €532 | €2,627 | ▲ 394% |
| Operating cash flow (approximation) | €532 | €2,627 | ▲ 394% |
| Change in cash | - | -€801 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 30-04-2026 | 2026-00097971 |
| 30-09-2024 | full format | 29-04-2025 | 2025-00080240 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DE NARDIS Christophe |
|
Owners and capital
Capital and shareholders
- DE NARDIS Christophe sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 30-05-2023 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-09
Gazette deed
Registered officeRegistered-office move · Power of attorney3 facts ▸
- Board meeting, 30-06-2026
- Registered-office move, Avenue Louise 231, 1050 Ixelles
- Power of attorney, SRL FIDAMCO
30-05
Gazette deed
IncorporationAppointment: DE NARDIS Christophe (director) · Founder · Founding capital9 facts ▸
- Incorporation, 25-05-2023
- Founder, DE NARDIS Christophe (comparant)
- Founding capital, €1,000
- Bank account, “BE97 7330 7112 2349, compte spécial” (deed in French)
- Other provision, “dépôt des fonds”, EUR (deed in French)
- Capital
- Registered office clause, “1050 Bruxelles,Avenue Louise 523” (deed in French)
- Other provision, “christophe.denardis@raypathinternational.com, site et adresse électronique” (deed in French)
- Director appointment, DE NARDIS Christophe (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 |
| 55033A0524/00L000 | Wallonia | 2,819 m² | 1 · 105 m² | 7.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Commercialisation de la méthode de nettoyage Raypath ne nécessitant plus l’utilisation de produit détergent tant aux particuliers (BtoC)…” (deed in French)
15 activities (deed in French)
- Commercialisation de la méthode de nettoyage Raypath ne nécessitant plus l’utilisation de produit détergent tant aux particuliers (BtoC) qu’aux professionnels (BtoB). Prospection téléphonique afin d’organiser des rendez-vous sur place car vente directe. La livraison du matériel,la formation du personnel ainsi que le suivi sur le long terme du projet sont prévus. Possibilité de présenter le produit à des foires commerciales et autres évènements. Organisation de réception.
- Construction en parallèle d’un réseau de distributeurs en vue d’étendre à grande échelle la commercialisation du produit.
- Consulting et Audit de procédure de nettoyage. Estimation des coûts liés au nettoyage de chantiers.
- La vente en gros et en détail,l’import-export et la location de tous véhicules neufs et d’occasion,ainsi que leurs pièces détachées et pneumatiques.
- La vente en gros et en détail,l’import-export de tous véhicules neufs et d’occasion,ainsi que leurs pièces détachées,matériaux de construction,matériel électrique et électronique,sanitaire et de plomberie ;
- Le nettoyage et l’entretien d’immeubles,le nettoyage de vitres et de bureaux,de petits travaux de bureau,services intérimaires,sous-traitance ;
- La mise à disposition des ménages et entreprises du personnels pour les travaux relatif au nettoyage du domicile,la lessive et le repassage,les petits travaux occasionnels de couture,la préparation de repas,les courses ménagères,jardinage et autres travaux tel que le transport accompagné de personnes à mobilité réduite et toutes autres activités dans le cadre des titres services au domicile et hors domicile de l’utilisateur des titres services ;
- Fournir tous services ou prestations au profit de toutes clientèles privées ou commerciales ;
- L'intermédiation dans l'organisation de tout service d'assistance et de support aux personnes (notamment à leur domicile),sociétés et entreprises,notamment en matière de formation,d'éducation,d'aide ménagère,d'aide sanitaire,d'accompagnement,d'activités sportives,et ce dans son sens le plus large,la présente liste étant énonciative et non limitative;
- Organiser l'intermédiation pour tout service pédagogique pour familles,d'assistance à l'organisation du ménage,d'accompagnement des personnes âgées dans leur vie quotidienne;
- Assurer l'organisation de cours particuliers à domicile,de cours de groupes,formations,rencontres,séminaires,conférences et d'autres services pour aider toute personne faisant appel à ses services à atteindre ses objectifs. Des services spécifiques seront proposés et adaptés selon les besoins de la personne,sa formation et ses exigences,qu'il s'agisse d'un étudiant de l'enseignement fondamental,supérieur ou d'un adulte;
- Réaliser,éditer,publier,vendre et louer tous ouvrages,articles,programmes informatiques,cours et matériel notamment de nature pédagogique;
- Créer et organiser toutes formes de loisirs et activités sportives et culinaires,créer et exploiter tous centres de loisirs,tourisme;
- Assurer la formation et le recyclage,notamment dans le cadre d'assurance,de conseils et de training,quelle qu'en soit la matière;
- Assurer les fonctions de consultant en matière de management,marketing,promotion,organisation,sélection de personnel et tout autre matière se rapportant aux relations humaines,professionnelles,commerciales et publiques.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RaypAth DN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, organe d'administration peut établir sièges administratifs,agences,ateliers,dépôts et succursales,en Belgique…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Illimitée si aucune durée déterminée, un ou plusieurs administrateurs” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of March at 10:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “À tout moment, modification des statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Entre tous les actionnaires en proportion du nombre d’actions,biens conservés même proportion” (deed in French)