RAYVOLT BELGIUM
ActiveSummary
RAYVOLT BELGIUM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €27k. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+2
Solvency80▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.82 against 5.98 in 2024; short-term debt: 23.6% and cash: 28.3% of total assets), and 45% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
55%
Return on assets
9.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 7 filingsDeviation from the deadline
2025
17 d late
2024
28 d late
2023
40 d early
2022
31 d late
2021
30 d late
2020
31 d late
2019
98 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 21.0%
2024 · €129k
2019: €23klowest in 7 years
2020: €59k▲ +158% vs 2019
2021: €67k▲ +13.4% vs 2020
2022: €75k▲ +12.7% vs 2021
2023: €110k▲ +46.4% vs 2022
2024: €129k▲ +16.7% vs 2023
2025: €156k▲ +21.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€283k▲ 22.5%
2024 · €231k
2019: €47klowest in 7 years
2020: €110k▲ +133% vs 2019
2021: €94k▼ -14.3% vs 2020
2022: €142k▲ +51.0% vs 2021
2023: €235k▲ +65.2% vs 2022
2024: €231k▼ -1.6% vs 2023
2025: €283k▲ +22.5% vs 2024highest in 7 years
2019 → 2025
Net result
€27k▲ 46.9%
2024 · €18k
2019: €10k
2020: €36k▲ +245% vs 2019highest in 7 years
2021: €8k▼ -78.2% vs 2020lowest in 7 years
2022: €9k▲ +7.9% vs 2021
2023: €35k▲ +311% vs 2022
2024: €18k▼ -47.4% vs 2023
2025: €27k▲ +46.9% vs 2024
2019 → 2025
Working capital
€188k▲ 17.6%
2024 · €160k
2019: €43klowest in 7 years
2020: €79k▲ +84.2% vs 2019
2021: €87k▲ +10.0% vs 2020
2022: €115k▲ +32.8% vs 2021
2023: €142k▲ +22.7% vs 2022
2024: €160k▲ +13.1% vs 2023
2025: €188k▲ +17.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€75k▲ 12.7%€110k▲ 46.4%€129k▲ 16.7%€156k▲ 21.0%
2021: €67klowest in 5 years
2022: €75k▲ +12.7% vs 2021
2023: €110k▲ +46.4% vs 2022
2024: €129k▲ +16.7% vs 2023
2025: €156k▲ +21.0% vs 2024highest in 5 years
Operating result€11k-€12k▲ 11.9%€57k▲ 363%€31k▼ 46.6%€43k▲ 39.2%
2021: €11klowest in 5 years
2022: €12k▲ +11.9% vs 2021
2023: €57k▲ +363% vs 2022highest in 5 years
2024: €31k▼ -46.6% vs 2023
2025: €43k▲ +39.2% vs 2024
Net result€8k-€9k▲ 7.9%€35k▲ 311%€18k▼ 47.4%€27k▲ 46.9%
2021: €8klowest in 5 years
2022: €9k▲ +7.9% vs 2021
2023: €35k▲ +311% vs 2022highest in 5 years
2024: €18k▼ -47.4% vs 2023
2025: €27k▲ +46.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283k
Fixed assets
€28k ▼ 28.0%
Current assets
€255k ▲ 32.7%
Equity and liabilities €283k
Equity
€156k ▲ 21.0%
Debt
€127k ▲ 24.3%
Debt's share of the balance-sheet total rises from 44.3% to 45.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €41k
Cash flow
€38k▲
2024 · €29k
Current ratio
3.82▼
2024 · 5.98
Quick ratio
1.81▲
2024 · 1.70
Debt to equity
0.82▲
2024 · 0.80
ROE
17.4%▲
2024 · 14.3%
ROA
9.6%▲
2024 · 8.0%
Interest coverage
13.61▲
2024 · 11.27
Debt ≤ 1 year
€67k▲
2024 · €32k
Debt > 1 year
€60k▼
2024 · €70k
Income taxes
€14k▲
2024 · €10k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€231k€283k▲
Fixed assets21/28€39k€28k▼
Tangible fixed assets22/27€39k€28k▼
Plant, machinery and equipment23€943€510▼
Leasing and similar rights25€38k€27k▼
Current assets29/58€192k€255k▲
Stocks and contracts in progress3€138k€134k▼
Stocks30/36€138k€134k▼
Amounts receivable within one year40/41€7k€40k▲
Trade receivables40€4k€35k▲
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€47k€80k▲
Deferred charges and accrued income490/1€172€1k▲
Equity and liabilities
Total equity and liabilities10/49€231k€283k▲
Equity10/15€129k€156k▲
Contributions10/11€12k€12k=
Reserves13€116k€143k▲
Distributable reserves133€116k€143k▲
Amounts payable17/49€102k€127k▲
Amounts payable after more than one year17€70k€60k▼
Financial debts170/4€30k€20k▼
Other amounts payable178/9€40k€40k=
Amounts payable within one year42/48€32k€67k▲
Current portion of amounts payable after more than one year42€9k€10k▲
Financial debts43-€73
Credit institutions430/8-€73
Trade debts44€817€40k▲
Suppliers440/4€817€40k▲
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€13k€10k▼
Other amounts payable47/48€9k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€1k€914▼
Gross operating margin9900€43k€54k▲
Operating profit (loss)9901€31k€43k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€28k€41k▲
Income taxes67/77€10k€14k▲
Profit (loss) for the period9904€18k€27k▲
Profit (loss) for the period to be appropriated9905€18k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€27k▲
Transfer to equity691/2€18k€27k▲
To other reserves6921€18k€27k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €4k | €11k | €11k | ▲ 0.7% |
| Other operating charges640/8 | €101 | €102 | €536 | €1k | €914 | ▼ 29.2% |
| Gross operating margin9900 | €11k | €12k | €62k | €43k | €54k | ▲ 27.4% |
| Operating profit (loss)9901 | €11k | €12k | €57k | €31k | €43k | ▲ 39.2% |
| Financial income75/76B | - | €454 | €6 | €1k | €3k | ▲ 162% |
| Recurring financial income75 | - | €454 | €6 | €1k | €3k | ▲ 162% |
| Financial charges65/66B | €247 | €961 | €5k | €4k | €4k | ▲ 7.0% |
| Recurring financial charges65 | €247 | €961 | €5k | €4k | €4k | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €11k | €12k | €52k | €28k | €41k | ▲ 47.9% |
| Income taxes67/77 | €3k | €3k | €17k | €10k | €14k | ▲ 49.8% |
| Profit (loss) for the period9904 | €8k | €9k | €35k | €18k | €27k | ▲ 46.9% |
| Profit (loss) for the period to be appropriated9905 | €8k | €9k | €35k | €18k | €27k | ▲ 46.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94k | €142k | €235k | €231k | €283k | ▲ 22.5% |
| Fixed assets21/28 | - | - | €48k | €39k | €28k | ▼ 28.0% |
| Tangible fixed assets22/27 | - | - | €48k | €39k | €28k | ▼ 28.0% |
| Plant, machinery and equipment23 | - | - | - | €943 | €510 | ▼ 45.9% |
| Leasing and similar rights25 | - | - | €48k | €38k | €27k | ▼ 27.5% |
| Current assets29/58 | €94k | €142k | €186k | €192k | €255k | ▲ 32.7% |
| Stocks and contracts in progress3 | €52k | €101k | €120k | €138k | €134k | ▼ 2.7% |
| Stocks30/36 | €52k | €101k | €120k | €138k | €134k | ▼ 2.7% |
| Amounts receivable within one year40/41 | €12k | €25k | €28k | €7k | €40k | ▲ 446% |
| Trade receivables40 | €9k | €23k | €25k | €4k | €35k | ▲ 890% |
| Other amounts receivable41 | €2k | €3k | €3k | €4k | €5k | ▲ 42.7% |
| Cash at bank and in hand54/58 | €31k | €16k | €38k | €47k | €80k | ▲ 69.4% |
| Deferred charges and accrued income490/1 | - | - | - | €172 | €1k | ▲ 558% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94k | €142k | €235k | €231k | €283k | ▲ 22.5% |
| Equity10/15 | €67k | €75k | €110k | €129k | €156k | ▲ 21.0% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €54k | €63k | €98k | €116k | €143k | ▲ 23.2% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €53k | €61k | €98k | €116k | €143k | ▲ 23.2% |
| Amounts payable17/49 | €27k | €67k | €124k | €102k | €127k | ▲ 24.3% |
| Amounts payable after more than one year17 | €20k | €40k | €80k | €70k | €60k | ▼ 13.9% |
| Financial debts170/4 | - | - | €40k | €30k | €20k | ▼ 32.4% |
| Other amounts payable178/9 | €20k | €40k | €40k | €40k | €40k | = |
| Amounts payable within one year42/48 | €7k | €27k | €45k | €32k | €67k | ▲ 108% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | €9k | €10k | ▲ 4.5% |
| Financial debts43 | - | - | - | - | €73 | - |
| Credit institutions430/8 | - | - | - | - | €73 | - |
| Trade debts44 | - | €13k | €16k | €817 | €40k | ▲ 4,736% |
| Suppliers440/4 | - | €13k | €16k | €817 | €40k | ▲ 4,736% |
| Taxes, remuneration and social security45 | €5k | €9k | €13k | €13k | €10k | ▼ 20.9% |
| Taxes450/3 | €5k | €9k | €13k | €13k | €10k | ▼ 20.9% |
| Other amounts payable47/48 | €3k | €4k | €6k | €9k | €7k | ▼ 19.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €9k | €35k | €18k | €27k | ▲ 46.9% |
| + Depreciation and write-downs630 | - | - | €4k | €11k | €11k | ▲ 0.7% |
| Operating cash flow (approximation) | €8k | €9k | €39k | €29k | €38k | ▲ 29.8% |
| Investment in fixed assets (approximation) | - | - | - | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-15k | €23k | €9k | €33k | ▲ 274% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Equity above €150kEq €156k ▲21%
7 profitable years in a row build equity to €156k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €110k ▲46.4%
5 profitable years in a row build equity to €110k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €8k ▼78.2%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 12.97
Current ratio from 3.56 to 12.97; short-term debt falls from €31k to €7k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €36k ▲245%
Net result €36k, the highest in the series.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Heist-op-den-Berg · 1 establishment unit since 2019
Ground area
3,364 m²
Building footprint
642 m²
Volume, LiDAR
2,702 m³
Parcel 12322I0604/00V002, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RAYVOLT BELGIUM
since 20192.287.325.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0604/00V002 | Flanders | 3,364 m² | 1 · 642 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 169 companies in sector 46730 we hold annual accounts for 89. 63 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-01-2019
Fiscal year end31-12
Trade name NL
Dartscorner
Activities, NACEBEL 2025
46730Wholesale trade
46495Wholesale trade
47632Retail sale of bicycles
47639Retail sale of other sporting goods
47830Retail sale of motorcycles and motorcycle parts and accessories
93110Operation of sports facilities
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.