ACTIVE

RAGOEN

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Financial year 2025 · closed on 31/12/2025

Net result

-184,1 k €

-206.2% YoY

Gross margin

431,8 k €

+8.9% YoY

Equity

231,7 k €

-44.3% YoY

Workforce

8,7 ETP

+6.1% YoY

What does RAGOEN do?

RAGOEN is a Public limited company incorporated in 1968. Its main activity is: Manufacture of irradiation, electromedical and electrotherapeutic equipment. Its registered office is in Sint-Genesius-Rode. It employs on average 8,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.869.378

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Rue de la Station 80
1640 Sint-Genesius-Rode · FlandreSee on map

Contributed capital

120 000,00 €

Latest accounts

31/12/2025

Average workforce

8,7 ETP

Activities (NACE)

26630Manufacture of irradiation, electromedical and electrotherapeutic equipment· main 42110Construction of roads and motorways 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles 23630Manufacture of ready-mixed concrete 23630Manufacture of ready-mixed concrete

Joint committees (1)

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	431,8 k €	+8.9%	396,4 k €	-39.8%	658,5 k €	+11.6%	590,2 k €	+7.8%	547,3 k €	+16.9%	468 k €	+49.8%	312,4 k €	+13.5%	275,1 k €	-10.9%	308,8 k €	+8.9%	283,6 k €	+32.9%	213,5 k €	-15.5%	252,6 k €	-4.8%	265,2 k €	-15.9%	315,3 k €	+16.0%	271,8 k €	+243%	79,3 k €	-67.7%	245,5 k €	-13.1%	282,5 k €	-15.8%	335,6 k €	+0.7%	333,3 k €
EBITDA	-144,6 k €	-445%	-26,5 k €	-118%	148,3 k €	+38.4%	107,1 k €	-12.3%	122,2 k €	-10.1%	135,9 k €	+3.3%	131,6 k €	+124%	58,8 k €	-53.0%	125,2 k €	+288%	-66,4 k €	-242%	46,8 k €	-6.0%	49,8 k €	+7.5%	46,3 k €	-13.1%	53,3 k €	+15.2%	46,2 k €	+142%	-110,6 k €	-402%	36,6 k €	-3.7%	38 k €	+17.2%	32,4 k €	-22.3%	41,7 k €
Operating result	-183,2 k €	-215%	-58,1 k €	-153%	109,1 k €	+51.0%	72,3 k €	-18.8%	89 k €	-35.2%	137,4 k €	+28.6%	106,9 k €	+137%	45,1 k €	-46.0%	83,6 k €	+196%	-86,8 k €	-551%	19,3 k €	-17.5%	23,4 k €	+1.3%	23 k €	+4.2%	22,1 k €	+5.6%	21 k €	+115%	-135,7 k €	-956%	15,8 k €	-27.0%	21,7 k €	+30.0%	16,7 k €	-35.8%	26 k €
Net result	-184,1 k €	-206%	-60,1 k €	-171%	84,1 k €	+76.1%	47,8 k €	-22.8%	61,9 k €	-39.0%	101,5 k €	+36.1%	74,6 k €	+94.8%	38,3 k €	-54.6%	84,3 k €	+196%	-88,1 k €	-659%	15,7 k €	-15.8%	18,7 k €	+9.5%	17,1 k €	-4.8%	17,9 k €	+33.6%	13,4 k €	+109%	-148,2 k €	-4313%	3,5 k €	-30.9%	5,1 k €	-5.8%	5,4 k €	-52.7%	11,4 k €
Balance sheet
Equity	231,7 k €	-44.3%	415,8 k €	-12.6%	475,9 k €	+21.5%	391,7 k €	+13.9%	343,9 k €	+21.9%	282,1 k €	+56.2%	180,5 k €	+70.4%	105,9 k €	+56.6%	67,6 k €	+505%	-16,7 k €	-123%	71,3 k €	+28.3%	55,6 k €	+50.7%	36,9 k €	+86.1%	19,8 k €	+945%	1,9 k €	+116%	-11,5 k €	-108%	136,7 k €	+2.6%	133,2 k €	+4.0%	128,1 k €	+4.4%	122,7 k €
Total assets	764,9 k €	-4.3%	799,5 k €	-9.5%	883,5 k €	-4.6%	925,9 k €	+22.6%	755,5 k €	+16.1%	650,5 k €	+2.3%	635,8 k €	+24.2%	512,1 k €	-0.3%	513,6 k €	+5.2%	488,1 k €	+2.7%	475,2 k €	-26.0%	642,4 k €	+25.9%	510,1 k €	-4.3%	533,3 k €	+13.8%	468,6 k €	-23.5%	612,3 k €	-13.8%	710,5 k €	-9.9%	788,8 k €	-6.4%	843,1 k €	+27.5%	661,1 k €
Cash	32,9 k €	-20.3%	41,2 k €	-73.1%	153,5 k €	+44.2%	106,5 k €	-45.5%	195,5 k €	+106%	95 k €	-45.9%	175,7 k €	+94.5%	90,3 k €	+24.8%	72,4 k €	-32.7%	107,6 k €	+2481%	4,2 k €	-58.4%	10 k €	-23.7%	13,1 k €	+161%	5 k €	-64.0%	14 k €	+539%	2,2 k €	+1.3%	2,2 k €	-84.8%	14,3 k €	+490%	2,4 k €	-79.8%	11,9 k €
Debts	532,8 k €	+38.9%	383,7 k €	-5.9%	407,6 k €	-23.7%	534,2 k €	+29.9%	411,3 k €	+11.7%	368,2 k €	-19.1%	455,1 k €	+48.1%	307,4 k €	+16.5%	263,7 k €	-18.3%	322,7 k €	-17.3%	390,2 k €	-31.9%	573,4 k €	+24.7%	459,6 k €	-8.0%	499,3 k €	+8.7%	459,5 k €	-26.1%	622 k €	+8.7%	572 k €	-12.6%	654,8 k €	-7.6%	708,3 k €	+31.9%	537,2 k €
Other
Workforce	8,7 ETP	+6.1%	8,2 ETP	-19.6%	10,2 ETP	-11.3%	11,5 ETP	+7.5%	10,7 ETP	+9.2%	9,8 ETP	+34.2%	7,3 ETP	-7.6%	7,9 ETP	+29.5%	6,1 ETP	+1.7%	6,0 ETP	+15.4%	5,2 ETP	-17.5%	6,3 ETP	0.0%	6,3 ETP	0.0%	6,3 ETP	-4.5%	6,6 ETP	+3.1%	6,4 ETP	0.0%	6,4 ETP	-7.2%	6,9 ETP	-11.5%	7,8 ETP	-4.9%	8,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

Antoine Delhaize

Managing director · since 02 septembre 2024 · until 02 septembre 2030

Active

Yannick Dykmans

Managing director · since 02 septembre 2024 · until 02 septembre 2030

Active

Ended mandates

Donald FRUY

Director · since 27 avril 2021 · until 26 avril 2027

Ended

Michel FRUY

Managing director · since 27 avril 2021 · until 26 avril 2027

Ended

Sydney FRUY

Director · since 27 avril 2021 · until 26 avril 2027

Ended

Sydney FRUY

Director · since 27 avril 2021 · until 27 avril 2027

Ended

At this address

Other companies at this address

Company	CBE no.
DFC● Active	0474.778.079
INVESTISSEMENTS & ENTREPRISES● Active	0421.608.619
PHOENIX REPAIR● Bankrupt	0747.903.256
SF PRODUCTION● Active	0430.114.925

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/09/2026	29/08/2025	26/07/2024	31/08/2023	24/08/2022	30/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	24/04/2023	25/04/2022	26/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	04/09/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/04/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/04/2022	24/08/2022	Dutch	PDF
Abridged model	31/12/2020	26/04/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	29/04/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/04/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/04/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/04/2016	28/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/04/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/04/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/04/2013	19/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/04/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/04/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	26/04/2010	18/10/2010	Dutch	PDF
Abridged model	31/12/2008	27/04/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/04/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/04/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

Antoine Delhaize

Managing director · since 02 septembre 2024 · until 02 septembre 2030

Active

Yannick Dykmans

Managing director · since 02 septembre 2024 · until 02 septembre 2030

Active

Ended mandates

Donald FRUY

Director · since 27 avril 2021 · until 26 avril 2027

Ended

Michel FRUY

Managing director · since 27 avril 2021 · until 26 avril 2027

Ended

Sydney FRUY

Director · since 27 avril 2021 · until 26 avril 2027

Ended

Sydney FRUY

Director · since 27 avril 2021 · until 27 avril 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other30/01/2024
BENAMING - ALGEMENE VERGADERING
PDF
Mandates04/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/01/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2008
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-184,1 k €↓
2024
Annual accounts 2024-60,1 k €↓
2023
Annual accounts 202384,1 k €↑
2022
Annual accounts 202247,8 k €↓
2021
Annual accounts 202161,9 k €↓
2020
Annual accounts 2020101,5 k €↑
2019
Annual accounts 201974,6 k €↑
2018
Annual accounts 201838,3 k €↓
2017
Annual accounts 201784,3 k €↑
2016
Annual accounts 2016-88,1 k €↓
2015
Annual accounts 201515,7 k €↓
2014
Annual accounts 201418,7 k €↑
2013
Annual accounts 201317,1 k €↓
2012
Annual accounts 201217,9 k €↑
2011
Annual accounts 201113,4 k €↑
2010
Annual accounts 2010-148,2 k €↓
2009
Annual accounts 20093,5 k €↓
2008
Annual accounts 20085,1 k €↓
2007
Annual accounts 20075,4 k €↓
2006
Annual accounts 200611,4 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RAGOEN

Overview

What does RAGOEN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline