Checked.be
Active
BE 0674.815.340Private limited company
RAYS
Pacificatiestraat 67 ·2000 Antwerpen, Belgium· 9 yrs active
Sector: Retail sale of lighting equipment
(47552)
Conclusion
RAYS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 90% of 1433 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 7 annual accounts.
Key figures
| Equity | €237k |
| Net result | €13k |
| Staff (FTE) | 1 |
| Better than sector | 90% |
Financial profile
80
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
27
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 13-07-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 80.4% | 23.5% | |
| Net result | €13k | €7k | |
| Equity | €237k | €25k | |
| Gross operating margin | €62k | €34k | |
| Staff costs | €46k | €42k |
€15k
-
19-25
€13k
-
19-25
€20k
-
19-25
€295k
-7.7%
19-25
€237k
+5.8%
19-25
€205k
-2.1%
19-25
1
0.0%
19-25
€46k
-23.6%
19-25
€304
-1.0%
19-25
€58k
-39.4%
19-25
€40k
-46.3%
19-25
€18k
-16.1%
19-25
6.17
+60.8%
19-25
5.75
+53.8%
19-25
80.4%
+14.6%
19-25
0.24
-42.7%
19-25
5.5%
-
19-25
4.4%
-
19-25
6.88
-
19-25
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €15k |
| Net profit | €13k |
| Cash flow | €20k |
| Staff costs | €46k |
| Income taxes | €304 |
| Dividends | - |
| Total assets | €295k |
| Equity | €237k |
| Debt | €58k |
| of which ≤ 1y | €40k |
| of which > 1y | €18k |
| Working capital | €205k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 6.17 |
| Quick ratio | 5.75 |
| Working capital ratio | 69.3% |
| Solvency | 80.4% |
| Debt / equity | 0.24 |
| Long-term debt ratio | 0.08 |
| Interest coverage | 6.88 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.4% |
| ROE | 5.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €295k |
| Fixed assets | 21/28 | €51k |
| Tangible fixed assets | 22/27 | €49k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €244k |
| Stocks & contracts in progress | 3 | €16k |
| Amounts receivable within one year | 40/41 | €176k |
| Cash & bank | 54/58 | €52k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €295k |
| Equity | 10/15 | €237k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €28k |
| Accumulated profits (losses) | 14 | €189k |
| Amounts payable | 17/49 | €58k |
| Amounts payable after one year | 17 | €18k |
| Amounts payable within one year | 42/48 | €40k |
| Trade debts payable within one year | 44 | €27k |
| Income statement | ||
| Gross operating margin | 9900 | €62k |
| Operating result | 9901 | €7k |
| Financial income | 75 | €8k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €13k |
| Income taxes | 67/77 | €304 |
| Net result for the period | 9904 | €13k |
| Result to be appropriated | 9905 | €13k |
Directors & mandates
Current directors & mandates
-
SEGERS NielsDirectorState Gazette act 23420044 (03-11-2023)Current03-11-2023 → present
2 events
- 03-11-2023 Resigned· Director
- 03-11-2023 Appointed· Director
Legal Structure
| NACE primary | Retail sale of lighting equipment(47552) |
| Legal form | Private limited company(610) |
| Incorporation | 25-04-2017 |
| Status | Active |
| Postal code | 2000 |
Establishment units
Selectrics
since 20172.263.632.184
RAYS
since 20232.349.434.723
Real-estate footprint
Flanders
2
(100%)
| 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. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-46k ▼119%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €237k
Net result €237k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 4.27
Current ratio from 0.92 to 4.27.
31-12
Financial
Equity above €200kEq €270k ▲716%
Equity rises from €33k to €270k.
03-11
State Gazette act
Director changes
SOPHIE GOOSSENS
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
19-04
State Gazette act
Capital & shares
Anne CARTUYVELS
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
13-05
State Gazette act
Registered-office change
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 235 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 1
19-04-2023
Capital change
Address history · 1
13-05-2022
Registered-office move
All acts · 3
updated 2 years ago
2023
03-11-2023 1 director appointed, 1 resigning
- SEGERS Niels, Bestuurder
- SEGERS Niels, Bestuurder
Notary:
SOPHIE GOOSSENS · Antwerpen
Technical details
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},
"co_filed_documents": [
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"co\u00F6rdinatie van statuten"
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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
Notary:
Anne CARTUYVELS · Antwerpen
Technical details
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],
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},
"act_meta": {
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},
"decision": {
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"act_date": "2023-04-05",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2018-12-17"
},
"bedrijfsrevisor": {
"waived": false,
"firm_kbo": null,
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"mission_type": "partial_split",
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},
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"co_filed_documents": [],
"shareholders_after": [],
"share_classes_after": [
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"class_name": "Gewone Aandelen",
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"voting_rights_per_share": 1.0
}
]
}2022
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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"org_name": "Ad-Ministerie BV",
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},
"co_filed_documents": [
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]
}Credit advice
Company registry (CBE)
Activities
Retail sale of lighting equipment47552
Names & trade names
| Legal nameNL | RAYS |
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