RAYS
The computed 12-month bankruptcy probability of RAYS is 1.4% (low). The 2024 annual accounts show equity of €224k and a net result of €-46k. Equity is growing by ~48% per year across the filed fiscal years. Its solvency ranks better than 88% of 6647 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €224k |
| Net result | €-46k |
| Staff (FTE) | 1 |
| Better than sector | 88% |
Strong profile, led by solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 70.1% | 20.3% | |
| Net result | €-46k | €4k | |
| Equity | €224k | €16k | |
| Gross operating margin | €15k | €24k | |
| Staff costs | €60k | €33k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-47k |
| Net profit | €-46k |
| Cash flow | €-41k |
| Staff costs | €60k |
| Income taxes | €307 |
| Dividends | - |
| Total assets | €320k |
| Equity | €224k |
| Debt | €96k |
| of which ≤ 1y | €74k |
| of which > 1y | €22k |
| Working capital | €209k |
| Employees (FTE) | 1.0 |
| 2024 | |
|---|---|
| Current ratio | 3.83 |
| Quick ratio | 3.74 |
| Working capital ratio | 65.4% |
| Solvency | 70.1% |
| Debt / equity | 0.43 |
| Long-term debt ratio | 0.10 |
| Interest coverage | -26.57 |
| Gross margin | - |
| Net margin | - |
| ROA | -14.3% |
| ROE | -20.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €320k |
| Fixed assets | 21/28 | €37k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €35k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €283k |
| Stocks & contracts in progress | 3 | €7k |
| Amounts receivable within one year | 40/41 | €159k |
| Cash & bank | 54/58 | €116k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €320k |
| Equity | 10/15 | €224k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €28k |
| Accumulated profits (losses) | 14 | €177k |
| Amounts payable | 17/49 | €96k |
| Amounts payable after one year | 17 | €22k |
| Amounts payable within one year | 42/48 | €74k |
| Trade debts payable within one year | 44 | €41k |
| Income statement | ||
| Gross operating margin | 9900 | €15k |
| Operating result | 9901 | €-51k |
| Financial income | 75 | €7k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-45k |
| Income taxes | 67/77 | €307 |
| Net result for the period | 9904 | €-46k |
| Result to be appropriated | 9905 | €-46k |
| NACE primary | Retail trade(47552) |
| Legal form | Private limited company(610) |
| Incorporation | 25-04-2017 |
| Status | Active |
| Postal code | 2000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0243/00F003 | Flanders | 8,658 m² | 1 · 1,015 m² | 17.4 m · 4 fl. |
| 11811L3735/00C000 | Flanders | 157 m² | 1 · 102 m² | 17.5 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-11-2023 1 director appointed, 1 resigning
- SEGERS Niels, Bestuurder
- SEGERS Niels, Bestuurder
Technical details
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}19-04-2023 Capital increase of €6,048.41 to €24,648.41
- €18.600 → €24.648,41
- Inbreng in natura · Apport en nature
Technical details
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"underlying_resolution_date": "2018-12-17"
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"bedrijfsrevisor": {
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]
}13-05-2022 Registered office moved within Antwerpen
- Graaf van Egmontstraat 21 bus 2 - 2000 Antwerpen → Pacificatiestraat 67 - te 2000 Antwerpen
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | RAYS |