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SUNRAY

Active Private limited companyfounded 2002active for 24 yearsKoekuitstraat 38, 8930 MenenKBO/BCE: BE 0477.923.156

Lifetime

18 annual accounts with figures on one time axis, 22 filings since 2003
peak €47,994 (2018)
€19,719▼ 33.3%
lowest -€11,598 (2009)
€2,899▼ 73.1%
peak €103,130 (2023)
€76,526▲ 3.9%
€32,284▼ 27.2%
Board1 name since 2021
1 director
Documentsfilings and deeds
12-02-202677 days before the deadline
2025micro format
Gross margin from €29,556 to €19,719Result from €10,774 to €2,899Debts from €44,350 to €32,284

Key points

from the 2025 annual accounts

Equity

€76,526 ▲ 3.9%

SUNRAY has made a profit without a break since 2020.

Turnover

≈ €81,000 estimated

The micro format states no turnover.

Filings

22 annual accounts since 2003
deadline20102020

The 2019 accounts came 20 days late. The other nine of the last ten were filed on time.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,044 companies had the same profile as SUNRAY has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,044 companies, not a prediction for SUNRAY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0477923156
Registered office moved from Wervik to Menen New registered office: Koekuitstraat 38, 8930 Menen · Previous registered office: Ooievaarsstraat 1, 8940 Wervik · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 03-11-2023 · Gazette deed
First establishment Ooievaarsstraat 1, Wervik
Incorporation published on 20-07-2002 · Gazette deed
All 35 events

Comparable companies

same main activity, similar in size and age
Company
SUNRAY Menen €108,810 €19,719 70.3% -
BELKOVAN Waregem €109,165 €30,206 70.3% -
BULL & BEAR INVESTMENTS Schoten €108,425 €23,640 99.3% -
VS-PROJECTS Dendermonde €121,873 €14,598 91.2% -
RENOROM Schaerbeek €103,724 €26,760 46.8% -
WLD-PROJECTS Beringen €130,368 €14,485 89.6% -
GECOTECH PARTNERS Chaumont-Gistoux €85,852 €24,740 80.7% -

These companies have the same main activity as SUNRAY: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €85,900 and €130,000, founded between 2000 and 2005.

Official details

Source: KBO
Status
Active since 08-07-2002Normal situation
Activity
Development of residential building projectsNACE 68121and 2 others
Establishment unit
2.115.330.3698940 Wervik, since 03-09-2002
Financial year end
30 September
Peppol
Reachable since 12-11-2024
Company details

Annual accounts to 30-09-2025

€108,810▼ 7.8%
Filing
Filed on 12-02-2026, 77 days before the end of the filing period
Financials

Insights on SUNRAY

SUNRAY files the micro format. That format states no turnover. The gross margin fell from €35,131 in 2007 to €19,719 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about SUNRAY

What is the company number of SUNRAY?
The company number of SUNRAY is 0477.923.156. The VAT number is the same number with BE in front: BE 0477.923.156.
Where is SUNRAY based?
The registered office is at Koekuitstraat 38, 8930 Menen.Company details
What does SUNRAY do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of SUNRAY?
SUNRAY is a private limited company (BV).
When was SUNRAY founded?
SUNRAY was founded on 08-07-2002.
Is SUNRAY still active?
Yes, SUNRAY is an active enterprise in the KBO register.
What is the turnover of SUNRAY?
The turnover in financial year 2025 is ≈ €81,000. This figure is estimated from the gross margin of €19,719 and 49 comparable companies (NACE 68121). It probably lies between €40,000 and €240,000. It is a rough estimate.Financials
Is SUNRAY profitable?
In financial year 2025, SUNRAY made a profit of €2,899.
Where can I find the annual accounts of SUNRAY?
SUNRAY filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SUNRAY due?
SUNRAY must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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