Van Rayen Construct
ActiveSummary
The computed 12-month bankruptcy probability of Van Rayen Construct is 2.4% (moderate). The 2025 annual accounts show equity of €45,463 and a net result of €45,463. Its solvency ranks better than 68% of 9,309 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €45,463
- Profit
- €45,463
Why 54raises riskFounded in 2024Size: total assets €76,058Sector: Construction of residential and non-residential buildings (NACE 41)Restart patternlowers riskEquity €45,463 (59.8% of total assets)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 69% on solvency, 47% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Searched, nothing found (1)
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
- FoundedThis companystart date 08-10-2024
This company was founded 8 months after the bankruptcy of MHAR. The annual accounts of both list Murat Musliu as director, and both had the same registered office.
- Murat Musliu listed as director in the annual accounts of both
- Same registered office (2018 Antwerpen)
A pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. We show only facts from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB; the same name in two sets of accounts is not necessarily the same person. What they mean calls for your own inquiry.
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: Musliu Hatixhe (director)Appointment: Musliu Murat (director)
- IncorporationAppointment: MUSLIU Hatixhe (director) ·…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% | 0.9% |
| 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 74.5% 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 39,278 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 | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €9,877 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,111 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €800 |
| Other operating charges640/8 | €3,458 |
| Gross operating margin9900 | €83,158 |
| Operating profit (loss)9901 | €65,912 |
| Financial income75/76B | €644 |
| Recurring financial income75 | €644 |
| Financial charges65/66B | €18 |
| Recurring financial charges65 | €18 |
| Profit (loss) for the period before taxes9903 | €66,538 |
| Income taxes67/77 | €21,075 |
| Profit (loss) for the period9904 | €45,463 |
| Profit (loss) for the period to be appropriated9905 | €45,463 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €76,058 | |
| Fixed assets21/28 | €13,019 | |
| Tangible fixed assets22/27 | €13,019 | |
| Furniture and vehicles24 | €13,019 | |
| Current assets29/58 | €63,039 | |
| Stocks and contracts in progress3 | €14,838 | |
| Stocks30/36 | €14,838 | |
| Amounts receivable within one year40/41 | €36,788 | |
| Trade receivables40 | €20,565 | |
| Other amounts receivable41 | €16,223 | |
| Cash at bank and in hand54/58 | €9,543 | |
| Deferred charges and accrued income490/1 | €1,871 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €76,058 | |
| Equity10/15 | €45,463 | |
| Reserves13 | €45,463 | |
| Distributable reserves133 | €45,463 | |
| Amounts payable17/49 | €30,595 | |
| Amounts payable within one year42/48 | €29,724 | |
| Trade debts44 | €8,592 | |
| Suppliers440/4 | €8,592 | |
| Taxes, remuneration and social security45 | €21,131 | |
| Taxes450/3 | €21,131 | |
| Accrued charges and deferred income492/3 | €871 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €45,463 |
| + Depreciation and write-downs630 | €3,111 |
| Operating cash flow (approximation) | €48,574 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00230585 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Musliu Murat |
|
| Musliu Hatixhe |
|
Owners and capital
Capital and shareholders
- MUSLIU Hatixhe 100 shares (100%) · €1,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 10-10-2024 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-04
Gazette deed
Resignation: Musliu Hatixhe (director)Appointment: Musliu Murat (director)3 facts ▸
- General meeting, 01-03-2025
- Director resignation, Musliu Hatixhe (director)
- Director appointment, Musliu Murat (director)
10-10
Gazette deed
IncorporationAppointment: MUSLIU Hatixhe (director) · Founder · Founding capital6 facts ▸
- Director appointment, MUSLIU Hatixhe (director (not named in the articles))
- Incorporation, “Van Rayen Construct” (deed in Dutch)
- Founder, MUSLIU Hatixhe
- Founding capital, €1,000
- Shareholding, 08-10-2024, 100
- Other provision, “vaststelling statuten, statuten vastgesteld” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1014.831.618
Recognitions · licences · registrations
Recognised contractor
4 categories- D General building contractsclass 1, up to €162,000
- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
- P4 Electrical installations of port facilitiesclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11808H1203/00B005 | Flanders | 1,300 m² | 1 · 504 m² | 33.4 m · 10 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Van Rayen Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, enkel besluit bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s),naar evenredigheid verworven aantal bij meerdere…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed