Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
103 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RaYSun from Sint-Joost-ten-Node, company number BE0794203336, closed financial year 2025 with a result of € -175,102 after tax. For that financial year RaYSun recorded a gross margin of € -131,840 and equity of € -262,377. Compared with financial year 2024, the result moved from € -233,269 to € -175,102. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ -262,377
▼ € 175,102 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -175,102
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 36,198
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -522,377.
People and assets in 2025
€ 11,504
▲ 45% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 425,000
▲ 55% vs 2024
€ 51,667 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 16,477
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,555
▲ € 3,146 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -123,230 | € -229,407 | € -131,840 | ▲ € 97,567 |
| Profit after taxes | € -114,006 | € -233,269 | € -175,102 | ▲ € 58,167 |
| Equity | € -4,006 | € -87,275 | € -262,377 | ▼ € 175,102 |
| Total debts | € 106,050 | € 332,545 | € 453,032 | ▲ 36% |
| Cash | € 44,603 | € 116,459 | € 36,198 | ▼ 69% |
| Retained profit | € -114,006 | € -347,275 | € -522,377 | ▼ € 175,102 |
| Bank debt | € 80,000 | € 275,000 | € 425,000 | ▲ 55% |
| Balance sheet total | € 102,044 | € 245,269 | € 190,655 | ▼ 22% |
Key figures of RaYSun, fiscal years 2023 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 RaYSun?
What happened at RaYSun in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 175,102. Source: NBB ↗
- New establishment in Ciney. KBO
- Alexis Fabre became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- Eric Rwamucyo became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 114,006 loss in 2023 to € 175,102 loss in 2025.
A new publication or filing at RaYSun? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of PANDO HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RaYSunBehind RaYSun are Eric Rwamucyo and Alexis Fabre. The shares are held by PANDO HOLDING (10.7%).
Directors
According to the 2025 annual accounts
Eric Rwamucyo
Director
since 2022
Alexis Fabre
Director
since 2023
Shareholders
10.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Lazaruslaan 4-10
1210 Sint-Joost-ten-Node
Sint-Lazaruslaan 4/10
1210 Sint-Joost-ten-Node
Active since 29 November 2022
Rue de la Croix Limont 11
5590 Ciney
Active since 2 October 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 103 companies are registered at this address.
All companies at this address →Energia
€ 970,536 gross margin · 2025
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€ 9.5 million revenue · 2025
HASBRO BELGIUM
€ 658,256 gross margin · 2025
Agra CEAS CONSULTING-Bureau Européen de Recherches
€ 1.5 million gross margin · 2023
BMC Software Belgium
€ 2 million gross margin · 2026
+98 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0794.203.336
- VAT number
- BE 0794.203.336
- Registered office
- Sint-Lazaruslaan 4-10, 1210 Sint-Joost-ten-Node
- Names & denominations
- RaYSun
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 2022
- Peppol
- Active · Active since 16 Dec 2025
- Contact
- raysun.solar [email protected] 0484072829
- Activities · NACE
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