Financials
- Financial year
- 2024
- Turnover
- €615,889
- Loss
- -€12.2m
- Solvency
- 16.4%
Turnover▼ 94.6%
Net result
20182024
RAY DIAM
ActiveSummary
The computed 12-month bankruptcy probability of RAY DIAM is 7.3% (elevated). The annual accounts of RAY DIAM for financial year 2024 show a net loss of 66% of the equity at the start of that year. The 2024 annual accounts show equity of €6.2m and a net result of -€12.2m. Equity is shrinking by about 3.1% per year across the filed financial years. Its solvency ranks better than 20% of 6,068 sector peers (NACE 46, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale of diamonds and other precious stones
NACE 46861
1 site
Size
€615,889turnover 2024
- Staff
- 0.9 FTE
- Equity
- €6.2m
- Loss
- -€12.2m
Why 32raises riskLiquidity: current ratio 1.19, cash €2,399, halved1 financial year not filed after the legal deadline; latest accounts 357 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 24-07-2026)Loss of €12.2m, the second in a row (financial year 2024)Show the evidence
Checked score
Score 2024
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 11% of its sector peers (NACE 46, micro)
Financial strength · tick = 2023
Weak
Solvency
41-22
equity 16.4% of total assets
Liquidity
4-14
short-term debt 83.6% · cash 0.0%
Profitability
0-1
return on assets -32.1%
Bankruptcy probability, 12 months
7.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.2%lowest value
12-2024: 3.9%▲ +0.7 percentage points vs 11-2024
01-2025: 6.3%▲ +2.4 percentage points vs 12-2024
02-2025: 6.3%● unchanged vs 01-2025
03-2025: 6.3%● unchanged vs 02-2025
04-2025: 5.8%▼ -0.5 percentage points vs 03-2025
05-2025: 5.8%● unchanged vs 04-2025
06-2025: 5.8%● unchanged vs 05-2025
07-2025: 5.8%● unchanged vs 06-2025
08-2025: 7.4%▲ +1.6 percentage points vs 07-2025
09-2025: 7.4%● unchanged vs 08-2025
10-2025: 7.4%● unchanged vs 09-2025
11-2025: 7.4%● unchanged vs 10-2025
12-2025: 6.6%▼ -0.8 percentage points vs 11-2025
01-2026: 8.8%▲ +2.2 percentage points vs 12-2025highest value
02-2026: 8.8%● unchanged vs 01-2026highest value
03-2026: 8.8%● unchanged vs 02-2026highest value
04-2026: 8.2%▼ -0.6 percentage points vs 03-2026
05-2026: 8.3%▲ +0.1 percentage points vs 04-2026
06-2026: 8.3%● unchanged vs 05-2026
07-2026: 8.3%● unchanged vs 06-2026
08-2026: 6.3%▼ -2.0 percentage points vs 07-2026
09-2026: 6.2%▼ -0.1 percentage points vs 08-2026
10-2026: 7.3%▲ +1.1 percentage points vs 09-2026
Credit of up to €60,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.19, compared with 1.61 in 2023, below the usual 1.5; short-term debt: 83.6% and cash: 0% of total assets), and 83.6% of the assets are financed with debt and provisions.
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 46, micro): better than 28% on solvency, 7% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 20-10-2026 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).
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Signals
Eight signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€12.2m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 6068 sector peers (2024).
NBB · sector comparisonPosition among 6068 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 82 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline21-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2026, 357 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
357 days late
2023
462 days late
2022
213 days late
2021
79 days late
2020
130 days late
2019
495 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 289 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Reappointment: HAMED Ahmed Tania (director)Capital conversion · Amendment of…
- End & cessationCourt decision
Key points
- Caution: Turnover fell in 2024from €11.3m to €615,889 ▼ 94.6% View
- Caution: Among the weakest 5% on net resultsector median €93,918 · 6,079 companies -€12.2m View
- Caution: Accounts not fileddeadline was 31-07-2026 82 days late View
- Caution: 2 loss-making years in a rowloss financial year 2024 -€12.2m View
By topic
Board & ownership
- Board
- 1 member
- HAMED Ahmed TaniaDirector
Timeline
- Events
- 23
- Since
- 2009
- 05-11-2025Annual accounts filed
- 03-11-2025Judicial dissolution, liquidator appointed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of diamonds and other precious stonesNACE 46861
- Founded
- 30-01-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 31
- Annual meeting
- 24 June at 15:00
- Purpose
- “Bewerken en doen bewerken,de handel,de in- en uitvoer,het in consignatie geven en nemen,de…” (deed in Dutch)
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