The 2019 accounts came 20 days late. The other nine of the last ten were filed on time.
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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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
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
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
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
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.
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