RAYSOLVE
ActiveSummary
The computed 12-month bankruptcy probability of RAYSOLVE is 3.5% (moderate). The 2025 annual accounts show negative equity (-€35,332) and a net result of -€12,140. Equity is shrinking by ~93.8% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, micro schema
2022 to 2025, 4 fiscal years
The operating result stays negative: a loss of €9,422 in 2025 against €13,002 in 2024; the loss shrinks.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 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% | 1.0% |
| 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% 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 7,639 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €802 | €2,268 | €2,268 | €2,268 | = |
| Other operating charges640/8 | €391 | €150 | - | €304 | - |
| Gross operating margin9900 | -€9,007 | -€12,692 | -€10,735 | -€6,851 | ▲ 36.2% |
| Operating profit (loss)9901 | -€10,201 | -€15,109 | -€13,002 | -€9,422 | ▲ 27.5% |
| Financial charges65/66B | €205 | €1,890 | €2,784 | €2,718 | ▼ 2.4% |
| Recurring financial charges65 | €205 | €1,890 | €2,784 | €2,718 | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | -€10,406 | -€16,999 | -€15,787 | -€12,140 | ▲ 23.1% |
| Profit (loss) for the period9904 | -€10,406 | -€16,999 | -€15,787 | -€12,140 | ▲ 23.1% |
| Profit (loss) for the period to be appropriated9905 | -€10,406 | -€16,999 | -€15,787 | -€12,140 | ▲ 23.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34,889 | €17,895 | €12,829 | €17,491 | ▲ 36.3% |
| Fixed assets21/28 | €10,535 | €8,268 | €6,000 | €3,733 | ▼ 37.8% |
| Intangible fixed assets21 | €10,535 | €8,268 | €6,000 | €3,733 | ▼ 37.8% |
| Current assets29/58 | €24,354 | €9,628 | €6,829 | €13,759 | ▲ 101% |
| Cash at bank and in hand54/58 | €23,945 | €9,628 | €6,351 | €13,649 | ▲ 115% |
| Deferred charges and accrued income490/1 | €409 | - | €478 | €109 | ▼ 77.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34,889 | €17,895 | €12,829 | €17,491 | ▲ 36.3% |
| Equity10/15 | €9,594 | -€7,405 | -€23,192 | -€35,332 | ▼ 52.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€10,406 | -€27,405 | -€43,192 | -€55,332 | ▼ 28.1% |
| Amounts payable17/49 | €25,295 | €25,301 | €36,021 | €52,823 | ▲ 46.6% |
| Amounts payable after more than one year17 | - | - | €35,000 | €50,000 | ▲ 42.9% |
| Other amounts payable178/9 | - | - | €35,000 | €50,000 | ▲ 42.9% |
| Amounts payable within one year42/48 | €25,295 | €25,301 | €323 | €93 | ▼ 71.3% |
| Financial debts43 | €25,000 | €25,000 | - | - | - |
| Credit institutions430/8 | €25,000 | €25,000 | - | - | - |
| Trade debts44 | €295 | €301 | €323 | €93 | ▼ 71.3% |
| Suppliers440/4 | €295 | €301 | €323 | €93 | ▼ 71.3% |
| Accrued charges and deferred income492/3 | - | - | €698 | €2,731 | ▲ 291% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,406 | -€16,999 | -€15,787 | -€12,140 | ▲ 23.1% |
| + Depreciation and write-downs630 | €802 | €2,268 | €2,268 | €2,268 | = |
| Operating cash flow (approximation) | -€9,603 | -€14,732 | -€13,519 | -€9,873 | ▲ 27.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€14,317 | -€3,277 | €7,298 | ▲ 323% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.