RAYUELA
ActiveSummary
RAYUELA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €966k and a net result of €5k. Equity is growing by ~75.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 1518 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▲+9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 29.01 against 8.97 in 2024; short-term debt: 0.7% and cash: 5.4% of total assets), and 0.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.3%
Return on assets
0.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
on the day
2023
3 d early
2022
32 d late
2021
2 d late
2020
1 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€63k
EBIT margin
-99.7%
Net result
€5k▲ 48.1%
2024 · €3k
2018: €-209
2019: €1k
2020: €-8k
2021: €6k
2022: €-6k
2023: €4k
2024: €3k
2018 → 2025
Working capital
€194k▼ 4.4%
2024 · €203k
2018: €27k
2019: €72k
2020: €25k
2021: €74k
2022: €124k
2023: €162k
2024: €203k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€63k-
Equity€240k-€268k▲ 11.4%€512k▲ 91.2%€865k▲ 68.9%€966k▲ 11.6%
Operating result€-63k-€-79k▼ 24.2%€-96k▼ 22.3%€-157k▼ 63.8%€-179k▼ 13.9%
Net result€6k-€-6k€4k€3k▼ 25.6%€5k▲ 48.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €179k in 2025 against €157k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €973k
Fixed assets
€772k ▲ 14.2%
Current assets
€201k ▼ 12.1%
Equity and liabilities €973k
Equity
€966k ▲ 11.6%
Debt
€7k ▼ 82.3%
Debt's share of the balance-sheet total falls from 4.3% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €-11k
Cash flow
€240k▲
2024 · €150k
Current ratio
29.01▲
2024 · 8.97
Debt to equity
0.01▼
2024 · 0.05
ROE
0.5%▲
2024 · 0.4%
ROA
0.5%▲
2024 · 0.3%
Interest coverage
1.10▲
2024 · -4.91
Debt ≤ 1 year
€7k▼
2024 · €25k
Income taxes
€2k▲
2024 · €851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€905k€973k▲
Fixed assets21/28€676k€772k▲
Intangible fixed assets21€675k€772k▲
Tangible fixed assets22/27€1k€497▼
Furniture and vehicles24€1k€497▼
Financial fixed assets28€100€100=
Current assets29/58€228k€201k▼
Amounts receivable within one year40/41€188k€148k▼
Trade receivables40€6k€839▼
Other amounts receivable41€181k€147k▼
Cash at bank and in hand54/58€41k€53k▲
Deferred charges and accrued income490/1€156€449▲
Equity and liabilities
Total equity and liabilities10/49€905k€973k▲
Equity10/15€865k€966k▲
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€4k€9k▲
Investment grants15€841k€938k▲
Amounts payable17/49€39k€7k▼
Amounts payable within one year42/48€25k€7k▼
Trade debts44€23k€5k▼
Suppliers440/4€23k€5k▼
Taxes, remuneration and social security45€851€2k▲
Taxes450/3€851€2k▲
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€14k-
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147k€236k▲
Other operating charges640/8€510€526▲
Non-recurring operating charges66A-€100
Gross operating margin9900€-10k€57k▲
Operating profit (loss)9901€-157k€-179k▼
Financial income75/76B€164k€237k▲
Recurring financial income75€164k€237k▲
Financial charges65/66B€2k€52k▲
Recurring financial charges65€2k€52k▲
Profit (loss) for the period before taxes9903€4k€6k▲
Income taxes67/77€851€2k▲
Profit (loss) for the period9904€3k€5k▲
Profit (loss) for the period to be appropriated9905€3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€9k▲
Profit (loss) brought forward from the previous period14P€1k€4k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 29.01
Current ratio from 8.97 to 29.01; short-term debt falls from €25k to €7k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Equity above €500kEq €512k ▲91.2%
Equity rises from €268k to €512k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity times 43current ratio 106.90
Current ratio from 2.49 to 106.90; short-term debt falls from €50k to €1k.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Equity above €200kEq €240k ▲895%
Equity rises from €24k to €240k.
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
Show earlier events
2020
31-12
Financial
Weakest financial yearnet €-8k ▼761%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 9.95
Current ratio from 3.00 to 9.95; short-term debt falls from €36k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
Registered office, Schaarbeek · 1 establishment unit since 2014
Ground area
374 m²
Building footprint
292 m²
Volume, LiDAR
3,640 m³
Parcel 21908E0260/00D008, Brussels · tallest building 22.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rayuela Prod.
since 20142.230.958.032
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0260/00D008 ProtectedMonument · Site or landscapeHuis der Kunsten - voormalig kasteel Eenens-Terlinden - en tuinSource ↗ |
Brussels | 374 m² | 1 · 292 m² | 22.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 42 entries · 435,059 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 11 | 90,600 EUR |
| 2024 | 9 | 109,200 EUR |
| 2023 | 8 | 46,084 EUR |
| 2022 | 7 | 64,900 EUR |
| 2021 | 7 | 124,275 EUR |
Budget allocations
Commission du Cinéma - Aide aux projets
Primes au succès
Aide à la création - relance de la production indépendante avec la RTBF
Primes à l'industrie cinématographique CM et LM
Promotion et diffusion des films de la C.F., soit en Belgique, soit dans les festivals majeurs à l'étranger, via les producteurs et les distributeurs
Show 3 more
Stratégie promotion cinéma belge
Master class et formations des professionnels
Dotation à WBI dans le cadre de la promotion internationale de_x000D_
Bruxelles
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Of 1,322 companies in sector 59111 we hold annual accounts for 688. 242 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59114Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.