Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
ERAY from Gent, company number BE0810509729, closed financial year 2025 with a result of € -15,064 after tax. For that financial year ERAY recorded a gross margin of € 4,770 and equity of € 29,000. Compared with financial year 2024, the result moved from € -8,380 to € -15,064. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 29,000
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,064
▼ 80 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,842
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 22,800.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 23,419
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,817
▼ 59% vs 2024
Loans from banks and other lenders, long and short.
€ 22,478
▲ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,400
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 40,019 | € 15,760 | € 12,609 | € 4,770 | ▼ 62% |
| Profit after taxes | € 23,801 | € -4,406 | € -8,380 | € -15,064 | ▼ € 6,684 |
| Equity | € 56,850 | € 52,444 | € 44,064 | € 29,000 | ▼ 34% |
| Total debts | € 67,638 | € 55,610 | € 40,355 | € 38,695 | ▼ 4% |
| Cash | € 14,569 | € 21,356 | € 12,957 | € 2,842 | ▼ 78% |
| Retained profit | € 50,650 | € 46,244 | € 37,864 | € 22,800 | ▼ 40% |
| Bank debt | € 46,090 | € 34,090 | € 21,670 | € 8,817 | ▼ 59% |
| Balance sheet total | € 124,488 | € 108,054 | € 84,419 | € 67,695 | ▼ 20% |
Key figures of ERAY, 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 ERAY?
What happened at ERAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 15,064. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 23,801 profit in 2022 to € 15,064 loss in 2025.
Paid € 8,521 in corporate taxes since 2022.
Best year ever: 2022, with € 23,801 profit.
Management
Behind ERAY is Erol Kocabas.
Directors
According to the 2025 annual accounts
Erol Kocabas
Bestuurder
Establishments
Establishment units
Physical locations of this company
Engelstraat 35
9040 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- KOCABAS Erol(oprichter) 75%
- KÖYLÜ Mehmet(oprichter) 25%
Details
- Company number
- 0810.509.729
- VAT number
- BE 0810.509.729
- Registered office
- Engelstraat 35, 9040 Gent
- Names & denominations
- ERAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 2009
- Peppol
- Active · Active since 16 Dec 2025
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