Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
RAYCO from Zwijndrecht, company number BE0429348922, closed financial year 2025 with a result of € 2,476 after tax. For that financial year RAYCO recorded a gross margin of € 125,730 and equity of € 163,159. Compared with financial year 2024, the result moved from € 2,591 to € 2,476. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 163,159
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,476
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 38,995
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 36,588 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 837,168
▼ 9% vs 2024
€ 79,963 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 537
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 313
▼ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 77,288 | € 69,949 | € 123,281 | € 125,730 | ▲ 2% |
| Profit after taxes | € 22,950 | € 13,543 | € 2,591 | € 2,476 | ▼ 4% |
| Equity | € 198,255 | € 194,680 | € 197,271 | € 163,159 | ▼ 17% |
| Total debts | € 450,001 | € 1,193,057 | € 1,148,674 | € 1,237,246 | ▲ 8% |
| Cash | € 28,466 | € 76,802 | € 31,695 | € 38,995 | ▲ 23% |
| Land & buildings | € 606,781 | € 1,301,892 | € 1,293,548 | € 1,310,920 | ▲ 1% |
| Retained profit | € 119,255 | € 115,680 | € 118,271 | € 84,159 | ▼ 29% |
| Dividend | € 0 | € 17,119 | € 0 | € 36,588 | |
| Bank debt | € 395,006 | € 991,297 | € 915,174 | € 837,168 | ▼ 9% |
| Balance sheet total | € 650,150 | € 1,389,193 | € 1,346,964 | € 1,400,987 | ▲ 4% |
Key figures of RAYCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RAYCO?
What happened at RAYCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,476 (▼ 4% vs 2024). Source: NBB ↗
- Bart Smets became a director. NBB
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,950 profit in 2022 to € 2,476 profit in 2025.
Paid € 20,915 in corporate taxes since 2022.
Best year ever: 2022, with € 22,950 profit.
Paid out € 53,707 in dividends to the owners in total.
Management
Behind RAYCO is Bart Smets.
Directors
According to the 2025 annual accounts
Bart Smets
Director
since 2004
Establishments
Establishment units
Physical locations of this company
Adrien Van Roeyenstraat 28
2070 Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.348.922
- VAT number
- BE 0429.348.922
- Registered office
- Adrien Van Roeyenstraat 28, 2070 Zwijndrecht
- Names & denominations
- RAYCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1986
- Peppol
- Not registered