Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ROYAL RAYS from Antwerpen, company number BE0713943061, closed financial year 2025 with a result of € 23,352 after tax. For that financial year ROYAL RAYS recorded a gross margin of € 65,857 and equity of € 602,585. Compared with financial year 2024, the result moved from € 60,201 to € 23,352. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 602,585
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,352
▼ 61% vs 2024
Profit after tax over the fiscal year.
€ 82,599
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 583,985.
People and assets in 2025
€ 3
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 585,805
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,060
▲ 204% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 102,385 | € 71,638 | € 105,680 | € 65,857 | ▼ 38% |
| Profit after taxes | € 62,579 | € 28,102 | € 60,201 | € 23,352 | ▼ 61% |
| Equity | € 490,930 | € 519,032 | € 579,233 | € 602,585 | ▲ 4% |
| Total debts | € 3,127,053 | € 5,337,610 | € 5,110,782 | € 2,730,149 | ▼ 47% |
| Cash | € 210,974 | € 163,923 | € 323,456 | € 82,599 | ▼ 74% |
| Land & buildings | € 169,601 | € 165,671 | € 161,742 | € 157,812 | ▼ 2% |
| Retained profit | € 472,330 | € 500,432 | € 560,633 | € 583,985 | ▲ 4% |
| Balance sheet total | € 3,617,983 | € 5,856,642 | € 5,690,015 | € 3,332,734 | ▼ 41% |
Key figures of ROYAL RAYS, 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 ROYAL RAYS?
What happened at ROYAL RAYS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,352 (▼ 61% vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- Dharmesh Tulsibhai Moradia became a director. NBB
In short
From € 62,579 profit in 2022 to € 23,352 profit in 2025.
Paid € 51,606 in corporate taxes since 2022.
Best year ever: 2022, with € 62,579 profit.
Management
Behind ROYAL RAYS is Dharmesh Tulsibhai Moradia.
Directors
According to the 2025 annual accounts
Dharmesh Tulsibhai Moradia
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 2 box 341
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0713.943.061
- VAT number
- BE 0713.943.061
- Registered office
- Hoveniersstraat 2 bus 341, 2018 Antwerpen
- Names & denominations
- ROYAL RAYS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 2018
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
Groothandel in diamant en andere edelstenen