MAC RAY
0426.399.033 · rovalta.com · 22/09/2026
ACTIVE
MAC RAY
Financial year 2025 · closed on 31/12/2025
Net result
25,2 k €
+54.5% YoY
Gross margin
724 k €
+2.4% YoY
Equity
216,5 k €
+13.2% YoY
Overview
What does MAC RAY do?
MAC RAY is a Public limited company incorporated in 1984. Its registered office is in Wavre.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0426.399.033
Incorporation
06/09/1984
Legal form
Public limited company
Registered office
Avenue Edison 20
1300 Wavre · WallonieSee on map
1300 Wavre · WallonieSee on map
Contributed capital
302 498,78 €
Latest accounts
31/12/2025
Joint committees (2)
- 126
- 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 724 k € | +2.4% | 707 k € | -10.3% | 788,5 k € | -14.5% | 922,7 k € | -4.1% | 962 k € | +3.3% | 931,3 k € | +4.2% | 893,4 k € | -17.3% | 1,1 M € | +41.3% | 764,7 k € | -17.3% | 924,9 k € | -12.2% | 1,1 M € | -11.3% | 1,2 M € | +10.4% | 1,1 M € | -7.2% | 1,2 M € | +11.6% | 1 M € | -11.2% | 1,2 M € | -24.1% | 1,5 M € | +20.9% | 1,3 M € | -1.2% | 1,3 M € |
| EBITDA | 198,8 k € | -4.1% | 207,2 k € | +262% | 57,2 k € | -56.9% | 132,7 k € | -42.2% | 229,7 k € | -25.2% | 307 k € | +79.5% | 171,1 k € | -9.9% | 189,7 k € | +1372% | 12,9 k € | -88.5% | 112,1 k € | -51.8% | 232,7 k € | -42.3% | 403,5 k € | +146% | 163,9 k € | -53.3% | 351,2 k € | +23.8% | 283,7 k € | -6.4% | 303,1 k € | -51.5% | 625,4 k € | +31.4% | 475,9 k € | -23.7% | 623,8 k € |
| Operating result | 93,5 k € | -7.3% | 100,8 k € | +229% | -78,3 k € | -89.2% | -41,4 k € | -200% | 41,3 k € | -75.6% | 169 k € | +330% | 39,3 k € | -56.2% | 89,6 k € | +176% | -117,9 k € | +21.7% | -150,6 k € | -969% | -14,1 k € | -110% | 140,8 k € | +314% | -65,9 k € | -153% | 123,6 k € | -2.0% | 126,1 k € | +4.7% | 120,5 k € | -66.8% | 362,7 k € | +64.2% | 220,8 k € | -48.1% | 425,5 k € |
| Net result | 25,2 k € | +54.5% | 16,3 k € | +111% | -154,5 k € | -155% | -60,6 k € | -490% | 15,5 k € | -88.7% | 137,6 k € | +1819% | 7,2 k € | -87.5% | 57,2 k € | +138% | -150,7 k € | +42.2% | -260,5 k € | -168% | -97 k € | -1757% | 5,9 k € | +104% | -139,8 k € | -897% | 17,5 k € | -21.2% | 22,3 k € | -2.9% | 22,9 k € | -85.2% | 155 k € | +128% | 68 k € | -64.8% | 193,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 216,5 k € | +13.2% | 191,3 k € | +9.3% | 175 k € | -46.9% | 329,5 k € | -32.8% | 490,1 k € | +3.3% | 474,6 k € | +40.8% | 337 k € | +2.2% | 329,8 k € | +21.0% | 272,6 k € | +226% | 83,7 k € | -76.0% | 349,4 k € | -22.6% | 451,6 k € | -0.0% | 451,8 k € | -24.4% | 597,7 k € | +2.0% | 586,2 k € | -0.7% | 590 k € | -0.9% | 595,3 k € | +19.7% | 497,1 k € | +2.3% | 486,1 k € |
| Total assets | 2 M € | -7.3% | 2,1 M € | +6.2% | 2 M € | +1.6% | 2 M € | +1.6% | 1,9 M € | +13.6% | 1,7 M € | -11.9% | 1,9 M € | +7.7% | 1,8 M € | +0.5% | 1,8 M € | -46.2% | 3,3 M € | -10.0% | 3,7 M € | -9.3% | 4,1 M € | +1.8% | 4 M € | +2.5% | 3,9 M € | +26.6% | 3,1 M € | -7.5% | 3,3 M € | -9.8% | 3,7 M € | -6.4% | 4 M € | +10.6% | 3,6 M € |
| Cash | 25,5 k € | -63.8% | 70,5 k € | -49.3% | 138,9 k € | +33.8% | 103,8 k € | -32.0% | 152,6 k € | +5.3% | 145 k € | +110% | 69 k € | +57.8% | 43,7 k € | -36.6% | 68,9 k € | -74.4% | 268,6 k € | +157% | 104,4 k € | -65.7% | 304,6 k € | +129% | 133,1 k € | -25.7% | 179,1 k € | +15.3% | 155,4 k € | -6.9% | 166,9 k € | -22.9% | 216,5 k € | +38.7% | 156,1 k € | – | |
| Debts | 1,8 M € | -9.5% | 1,9 M € | +6.5% | 1,8 M € | +11.1% | 1,6 M € | +13.1% | 1,5 M € | +17.6% | 1,2 M € | -23.4% | 1,6 M € | +9.0% | 1,5 M € | -2.6% | 1,5 M € | -53.1% | 3,2 M € | -3.1% | 3,3 M € | -7.6% | 3,6 M € | +2.1% | 3,5 M € | +7.5% | 3,3 M € | +33.1% | 2,5 M € | -9.0% | 2,7 M € | -11.3% | 3,1 M € | -10.5% | 3,4 M € | +12.2% | 3 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | 11,9 ETP | -22.2% | 15,3 ETP | -2.5% | 15,7 ETP | +10.6% | 14,2 ETP | +6.0% | 13,4 ETP | +3.9% | 12,9 ETP | -7.9% | 14,0 ETP | +2.9% | 13,6 ETP | +6.2% | 12,8 ETP | -19.0% | 15,8 ETP | +8.2% | 14,6 ETP | +5.8% | 13,8 ETP | -8.6% | 15,1 ETP | -7.9% | 16,4 ETP | +10.8% | 14,8 ETP | +16.5% | 12,7 ETP | |||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 17 ended
Active mandates
Hadrien BINDELS
ActiveActive
Active
Active
Active
Serge Alain SILBER
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
AMALPHI● Active | 0880.748.419 |
EEZEE GROUP● Active | 0777.689.184 |
EEZEE-IT● Active | 0826.282.028 |
HNY DESIGN● Active | 1008.846.223 |
HNY Group● Active | 1037.383.029 |
L’Atelier-AE● Active | 0797.854.890 |
LS Teams● Active | 1042.270.839 |
MC CORP.● Active | 0648.791.824 |
TOLSTOY & Co● Active | 0845.609.277 |
VAUBAN GROUP● Active | 0765.734.925 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro 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 | 31/08/2026 | 27/08/2025 | 30/08/2024 | 31/08/2023 | 24/08/2022 | 25/08/2021 |
| General meeting | 02/06/2026 | 03/06/2025 | 04/06/2024 | 06/06/2023 | 07/06/2022 | 01/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 02/06/2026 | 31/08/2026 | French | |
| Micro model | 31/12/2024 | 03/06/2025 | 27/08/2025 | French | |
| Micro model | 31/12/2023 | 04/06/2024 | 30/08/2024 | French | |
| Abridged model | 31/12/2022 | 06/06/2023 | 31/08/2023 | French | |
| Abridged model | 31/12/2021 | 07/06/2022 | 24/08/2022 | French | |
| Abridged model | 31/12/2020 | 01/06/2021 | 25/08/2021 | French | |
| Abridged model | 31/12/2019 | 08/09/2020 | 21/09/2020 | French | |
| Abridged model | 31/12/2018 | 04/06/2019 | 31/07/2019 | French | |
| Abridged model | 31/12/2017 | 05/06/2018 | 30/08/2018 | French | |
| Abridged model | 31/12/2016 | 06/06/2017 | 30/08/2017 | French | |
| Abridged model | 31/12/2015 | 07/06/2016 | 03/08/2016 | French | |
| Abridged modelCorrection | 31/12/2014 | 30/06/2015 | 24/08/2015 | French | |
| Abridged model | 31/12/2014 | 30/06/2015 | 31/07/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 18/08/2014 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 28/08/2013 | French | |
| Abridged model | 31/12/2011 | 30/06/2012 | 02/08/2012 | French | |
| Abridged modelCorrection | 31/12/2010 | 01/06/2011 | 13/12/2011 | French | |
| Abridged model | 31/12/2010 | 01/06/2011 | 03/08/2011 | French | |
| Abridged model | 31/12/2009 | 30/06/2010 | 14/07/2010 | French | |
| Abridged model | 31/12/2008 | 30/06/2009 | 24/07/2009 | French | |
| Abridged model | 31/12/2007 | 30/06/2008 | 31/07/2008 | French | |
| Abridged model | 31/12/2006 | 30/06/2007 | 26/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 17 ended
Active mandates
Hadrien BINDELS
ActiveActive
Active
Active
Active
Serge Alain SILBER
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates19/06/2026DEMISSIONS, NOMINATIONS
- Mandates09/04/2024DEMISSIONS, NOMINATIONS
- Mandates10/02/2023DEMISSIONS, NOMINATIONS
- Mandates14/12/2020STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Mandates14/11/2017DEMISSIONS, NOMINATIONS
- Capital / shares18/10/2016CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Restructuring07/10/2016RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Capital / shares14/07/2016CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202525,2 k €↑
- 2024Annual accounts 202416,3 k €↑
- 2023Annual accounts 2023-154,5 k €↓
- 2022Annual accounts 2022-60,6 k €↓
- 2021Annual accounts 202115,5 k €↓
- 2020Annual accounts 2020137,6 k €↑
- 2019Annual accounts 20197,2 k €↓
- 2018Annual accounts 201857,2 k €↑
- 2017Annual accounts 2017-150,7 k €↑
- 2015Annual accounts 2015-260,5 k €↓
- 2014Annual accounts 2014-97 k €↓
- 2013Annual accounts 20135,9 k €↑
- 2012Annual accounts 2012-139,8 k €↓
- 2011Annual accounts 201117,5 k €↓
- 2010Annual accounts 201022,3 k €↓
- 2009Annual accounts 200922,9 k €↓
- 2008Annual accounts 2008155 k €↑
- 2007Annual accounts 200768 k €↓
- 2006Annual accounts 2006193,3 k €
- 06/09/1984IncorporationPublic limited company