ACTIVE

RAYDEC

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Financial year 2025 · closed on 31/12/2025

Net result

148,1 k €

-13.5% YoY

Gross margin

224 k €

-14.4% YoY

Equity

542,3 k €

-33.0% YoY

What does RAYDEC do?

RAYDEC is a Private limited company incorporated in 1986. Its main activity is: Other human health activities. Its registered office is in Boussu.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.654.075

Incorporation

10/10/1986

Legal form

Private limited company

Registered office

Pavé du Buisson(H) 90
7301 Boussu · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

86901Other human health activities· main 86910Other human health activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	224 k €	-14.4%	261,7 k €	+15.7%	226,2 k €	-13.6%	261,7 k €	-7.8%	284 k €	+139%	118,9 k €	-58.2%	284,4 k €	-22.0%	364,7 k €	+23.7%	294,7 k €	-9.0%	324 k €	+23.3%	262,7 k €	+34.1%	195,9 k €	+6.3%	184,4 k €	-17.0%	222,1 k €	+37.2%	161,9 k €	-12.3%	184,5 k €	+0.8%	183 k €	-14.9%	215,1 k €	+38.1%	155,8 k €	+1.6%	153,3 k €
EBITDA	207,1 k €	-15.6%	245,4 k €	+16.9%	210 k €	-14.6%	246 k €	-8.9%	270,1 k €	+157%	105 k €	-61.0%	269,4 k €	-23.3%	351,2 k €	+24.9%	281,1 k €	-9.5%	310,7 k €	+24.6%	249,3 k €	+36.6%	182,4 k €	+7.5%	169,7 k €	-18.3%	207,8 k €	+41.1%	147,3 k €	-13.7%	170,6 k €	+1.0%	169 k €	-15.1%	198,9 k €	+37.3%	144,8 k €	-3.4%	149,9 k €
Operating result	205,1 k €	-16.0%	244,2 k €	+19.7%	203,9 k €	-15.0%	239,9 k €	-9.1%	264 k €	+167%	99 k €	-62.4%	263,4 k €	-25.0%	351,2 k €	+25.2%	280,5 k €	-9.5%	310 k €	+25.0%	248 k €	+37.1%	180,9 k €	+7.6%	168,2 k €	-18.7%	207 k €	+52.1%	136,1 k €	-14.4%	159 k €	+3.3%	153,9 k €	-16.9%	185,2 k €	+32.1%	140,2 k €	-5.9%	148,9 k €
Net result	148,1 k €	-13.5%	171,2 k €	+22.6%	139,6 k €	-19.3%	172,9 k €	-3.0%	178,3 k €	+170%	66 k €	-61.3%	170,7 k €	-30.4%	245,2 k €	+28.0%	191,5 k €	-7.4%	206,7 k €	+29.8%	159,3 k €	+43.3%	111,2 k €	-2.4%	113,9 k €	-18.3%	139,5 k €	+54.9%	90 k €	-15.4%	106,4 k €	+4.6%	101,7 k €	-14.0%	118,2 k €	+29.0%	91,6 k €	-16.1%	109,2 k €
Balance sheet
Equity	542,3 k €	-33.0%	809,1 k €	+12.8%	717,1 k €	+24.2%	577,5 k €	+5.7%	546,3 k €	+27.8%	427,4 k €	+18.3%	361,3 k €	+19.7%	301,8 k €	+35.5%	222,7 k €	0.0%	222,7 k €	+16.6%	190,9 k €	+37.6%	138,8 k €	+18.0%	117,6 k €	-4.9%	123,7 k €	+3.7%	119,3 k €	-27.8%	165,3 k €	-7.6%	178,9 k €	+1.0%	177,2 k €	+11.5%	158,9 k €	+136%	67,3 k €
Total assets	994 k €	+8.0%	920,6 k €	+22.6%	750,8 k €	-3.3%	776,4 k €	+15.1%	674,7 k €	+27.0%	531,4 k €	-1.3%	538,5 k €	-2.2%	550,5 k €	+18.0%	466,7 k €	-1.0%	471,6 k €	+33.1%	354,4 k €	+19.7%	296 k €	+11.1%	266,3 k €	-13.5%	307,9 k €	-5.1%	324,6 k €	-0.1%	325 k €	-11.8%	368,4 k €	-2.0%	375,8 k €	+53.4%	245 k €	+1.0%	242,5 k €
Cash	471,4 k €	+0.1%	470,9 k €	-11.7%	533,6 k €	+9.2%	488,7 k €	+26.0%	387,8 k €	+0.3%	386,8 k €	+111%	182,9 k €	+70.7%	107,2 k €	+223%	33,1 k €	-53.4%	71,2 k €	+44.4%	49,3 k €	-23.4%	64,4 k €		–		37,1 k €		–		–		–		11,2 k €	-67.7%	34,6 k €		–
Debts	451,7 k €	+305%	111,5 k €	+231%	33,7 k €	-83.1%	198,9 k €	+54.9%	128,5 k €	+23.5%	104 k €	-41.3%	177,1 k €	-28.8%	248,7 k €	+1.9%	244 k €	-2.0%	248,9 k €	+52.3%	163,4 k €	+4.0%	157,2 k €	+5.7%	148,7 k €	-19.3%	184,2 k €	-10.0%	204,7 k €	+29.1%	158,5 k €	-16.3%	189,5 k €	-4.6%	198,6 k €	+131%	86 k €	-50.9%	175,2 k €
Other
Workforce	–		–		0,3 ETP		–		–		–		–		–		–		–		0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	+200%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Albert Gaston Declercq

Manager · since 10 avril 2017 · until 10 avril 2027

Active

Ended mandates

Albert Gaston Declercq

Director · since 13 mai 2024

Ended

ALBERT DECLERCQ

Director

Ended

ALBERT DECLERCQ

Manager

Ended

Albert Gaston Declercq

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	29/07/2026	30/07/2025	31/07/2024	31/07/2023	09/06/2022	27/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

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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	05/06/2026	29/07/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	31/07/2024	French	PDF
Micro model	31/12/2022	02/06/2023	31/07/2023	French	PDF
Micro model	31/12/2021	03/06/2022	09/06/2022	French	PDF
Micro model	31/12/2020	04/06/2021	27/07/2021	French	PDF
Micro model	31/12/2019	05/06/2020	06/10/2020	French	PDF
Micro model	31/12/2018	07/06/2019	28/08/2019	French	PDF
Micro model	31/12/2017	01/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	02/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	22/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 1 active · 4 ended

Active mandates

Albert Gaston Declercq

Manager · since 10 avril 2017 · until 10 avril 2027

Active

Ended mandates

Albert Gaston Declercq

Director · since 13 mai 2024

Ended

ALBERT DECLERCQ

Director

Ended

ALBERT DECLERCQ

Manager

Ended

Albert Gaston Declercq

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2017
DEMISSIONS, NOMINATIONS
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 2025148,1 k €↓
2024
Annual accounts 2024171,2 k €↑
2023
Annual accounts 2023139,6 k €↓
2022
Annual accounts 2022172,9 k €↓
2021
Annual accounts 2021178,3 k €↑
2020
Annual accounts 202066 k €↓
2019
Annual accounts 2019170,7 k €↓
2018
Annual accounts 2018245,2 k €↑
2017
Annual accounts 2017191,5 k €↓
2016
Annual accounts 2016206,7 k €↑
2015
Annual accounts 2015159,3 k €↑
2014
Annual accounts 2014111,2 k €↓
2013
Annual accounts 2013113,9 k €↓
2012
Annual accounts 2012139,5 k €↑
2011
Annual accounts 201190 k €↓
2010
Annual accounts 2010106,4 k €↑
2009
Annual accounts 2009101,7 k €↓
2008
Annual accounts 2008118,2 k €↑
2007
Annual accounts 200791,6 k €↓
2006
Annual accounts 2006109,2 k €
10/10/1986
IncorporationPrivate 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

RAYDEC

Overview

What does RAYDEC do?

Trend over 20 financial years

Indicative valuation

Board of directors

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