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RAYAN'S

Active
Private limited companyfounded 2017active for 9 yearsPlace de la Station 24, 5000 Namur, BelgiumKBO/BCE: BE 0673.774.074

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of RAYAN'S is 3.2% (moderate). The 2024 annual accounts show equity of €381,398 and a net result of €66,356. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 75% of 18,734 sector peers (NACE 56, financial year 2024). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 03-04-2017 Normal situation
Activity
Limited-service restaurants, excluding mobile food services NACE 56112
Establishment unit
2.267.481.403 5000 Namur, since 01-08-2017
Financial year end
31 December
Peppol
Reachable since 05-01-2026

Board and ownership

Board
  • MAHMUD KHAN AHMEDDirector
  • SHEIKH MUHAMMAD ADEELDirector

Financial position

51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.2%
Annual accounts 2024
Gross margin
€425,909
▲ 0.7%
Turnover
≈ €1.2m
estimated
Profit
€66,356
▲ 486%
Equity
€381,398
▲ 21.1%
Total assets
€644,718
▲ 5.0%
Staff
14.3 FTE
▲ 23.3%
2025 accounts not filed, 93 days past the deadline
Filed on 28-11-2025PDF
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 120 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 08-12-2025)Sector: Food and beverage service activities (NACE 56)lowers riskEquity €381,398 (59.2% of total assets)Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 61% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2023
Strong
Solvency 84+8
equity 59.2% of total assets
Liquidity 41+14
short-term debt 40.8% · cash 8.0%
Profitability 82+11
return on assets 10.3%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,778 companies, NACE 56, micro)
Last 24 months 12-2024: 11.0% 01-2025: 13.0%▲ +2.0 percentage points vs 12-2024 02-2025: 13.0%● unchanged vs 01-2025 03-2025: 13.1%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 12.3%▼ -0.8 percentage points vs 03-2025 05-2025: 4.1%▼ -8.2 percentage points vs 04-2025 06-2025: 4.2%▲ +0.1 percentage points vs 05-2025 07-2025: 4.2%● unchanged vs 06-2025 08-2025: 4.6%▲ +0.4 percentage points vs 07-2025 09-2025: 5.2%▲ +0.6 percentage points vs 08-2025 10-2025: 7.8%▲ +2.6 percentage points vs 09-2025 11-2025: 7.4%▼ -0.4 percentage points vs 10-2025 12-2025: 7.8%▲ +0.4 percentage points vs 11-2025 01-2026: 1.5%▼ -6.3 percentage points vs 12-2025lowest value 02-2026: 1.5%● unchanged vs 01-2026lowest value 03-2026: 1.6%▲ +0.1 percentage points vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.6%● unchanged vs 05-2026 07-2026: 1.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.9%▲ +0.2 percentage points vs 07-2026 09-2026: 2.2%▲ +0.3 percentage points vs 08-2026 10-2026: 3.2%▲ +1.0 percentage point vs 09-2026 11-2026: 3.2%● unchanged vs 10-2026
Credit of up to €19,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.0 (1.66 in 2023), above the usual 1.5. Short-term debt is 40.8% and cash 8% of total assets. 40.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 56, micro). It does better than 76% of them on solvency, 35% on liquidity, 68% on profitability and 67% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 120 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 08-12-2025)
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Equity €381,398 (59.2% of total assets)
NBB · annual accounts
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, 93 days later.
NBB · 8 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 120 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 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 · 8 filings
Deviation from the deadline
2025
not filed
2024
120 days late
2023
251 days late
2022
193 days late
2021
122 days late
2020
13 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 132 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2024from €11,328 to €66,356 ▲ 486% View
  • Positive: More equity than 95% of companies in food and beverage servicesector median €27,803 · 18,775 companies €381,398 View

Comparable companies

These companies have the same main activity as RAYAN'S: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €561,000 and €648,000, founded between 2016 and 2018.

CompanyTotal assetsGross margin
RAYAN'S Namur€644,718€425,909
OBLIVION Couvin€561,143€447,859
LAM & DAH Brussel€638,164€452,117
I-Xperience Malmedy€599,744€468,025
THARU Schelle€644,836€376,893
PASTA LA VISTA Maldegem€562,774€385,107
THB 8 Awans€647,754€525,061
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Articles and registers

Key facts about RAYAN'S

What is the company number of RAYAN'S?
The company number of RAYAN'S is 0673.774.074. The VAT number is the same number with BE in front: BE 0673.774.074.
Where is RAYAN'S based?
The registered office is at Place de la Station 24, 5000 Namur.Company details
What does RAYAN'S do?
According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of RAYAN'S?
The legal form of RAYAN'S is Private limited company (BV).
When was RAYAN'S founded?
RAYAN'S was founded on 03-04-2017.
Is RAYAN'S still active?
Yes, RAYAN'S is an active enterprise in the KBO register.
How many employees does RAYAN'S have?
RAYAN'S had an average of 14.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of RAYAN'S?
The turnover in financial year 2024 is ≈ €1.2m. This figure is estimated from the gross margin of €425,909 and 35 comparable companies (NACE 56112). It probably lies between €1.0m and €1.3m.
Is RAYAN'S profitable?
In financial year 2024, RAYAN'S made a profit of €66,356.
Where can I find the annual accounts of RAYAN'S?
RAYAN'S filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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