ACTIVE

STING RAY

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Financial year 2025 · closed on 30/06/2025

Net result

276,9 k €

+46.9% YoY

Gross margin

1,1 M €

+17.3% YoY

Equity

2,1 M €

+14.8% YoY

Workforce

1,0 ETP

0.0% YoY

What does STING RAY do?

STING RAY is a Public limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Molenbeek-Saint-Jean. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.174.644

Incorporation

29/03/1989

Legal form

Public limited company

Registered office

Rue de la Sérénade 33
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 70201Management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,1 M €	+17.3%	927,4 k €	+4.5%	887,7 k €	+1.5%	874,4 k €	+3.9%	841,5 k €	+17.0%	719,2 k €	-12.0%	817,5 k €	+17.9%	693,5 k €	+19.7%	579,3 k €	-19.0%	714,9 k €	+12.1%	637,5 k €	+27.4%	500,3 k €	-8.5%	546,7 k €	+9.0%	501,4 k €	+53.0%	327,6 k €	-13.6%	379,4 k €	-15.4%	448,6 k €	-5.7%	475,6 k €	-18.7%	584,7 k €
EBITDA	929,6 k €	+14.9%	808,8 k €	+11.8%	723,4 k €	-5.2%	763,3 k €	+5.7%	721,9 k €	+16.6%	619,1 k €	-13.7%	717,4 k €	+12.5%	637,4 k €	+5.1%	606,5 k €	-8.8%	665,3 k €	+47.2%	451,9 k €	-3.4%	467,9 k €	-3.0%	482,3 k €	+28.7%	374,8 k €	+17.0%	320,4 k €	+6.0%	302,2 k €	-23.6%	395,7 k €	+7.5%	368,2 k €	-26.7%	502,6 k €
Operating result	447,7 k €	+37.3%	326,2 k €	+58.5%	205,8 k €	-2.6%	211,2 k €	+25.7%	168 k €	+97.7%	85 k €	-24.5%	112,6 k €	+33.2%	84,5 k €	-2.3%	86,5 k €	-51.8%	179,3 k €	+102%	88,7 k €	-42.7%	154,8 k €	+36.8%	113,1 k €	-22.6%	146,1 k €	+49.5%	97,8 k €	-11.8%	110,8 k €	-33.0%	165,3 k €	-38.6%	269,4 k €	-23.6%	352,4 k €
Net result	276,9 k €	+46.9%	188,5 k €	+110%	89,7 k €	-7.6%	97,1 k €	+52.0%	63,9 k €	+171%	-90 k €	-619%	17,3 k €	+433%	-5,2 k €	-244%	-1,5 k €	-102%	65,4 k €	-91.4%	764,2 k €	+1651%	43,6 k €	+276%	11,6 k €	-87.3%	91,1 k €	+928%	8,9 k €	-78.8%	41,9 k €	-36.2%	65,6 k €	-59.1%	160,5 k €	+153%	63,3 k €
Balance sheet
Equity	2,1 M €	+14.8%	1,9 M €	+11.2%	1,7 M €	+5.6%	1,6 M €	+18.5%	1,3 M €	+5.0%	1,3 M €	-6.6%	1,4 M €	+1.3%	1,3 M €	-0.4%	1,4 M €	-0.1%	1,4 M €	+5.1%	1,3 M €	+145%	526,1 k €	+9.0%	482,5 k €	+2.5%	470,9 k €	+20.8%	389,8 k €	-2.8%	400,9 k €	+3.0%	389,1 k €	+8.5%	358,4 k €	+81.1%	198 k €
Total assets	5,7 M €	+3.1%	5,6 M €	-1.1%	5,6 M €	-4.6%	5,9 M €	+4.0%	5,7 M €	-2.8%	5,8 M €	-4.6%	6,1 M €	+0.5%	6,1 M €	-5.4%	6,4 M €	-1.0%	6,5 M €	-2.8%	6,7 M €	+33.0%	5 M €	-0.1%	5 M €	+12.0%	4,5 M €	+1.5%	4,4 M €	+5.3%	4,2 M €	+37.5%	3,1 M €	+12.6%	2,7 M €	+3.4%	2,6 M €
Cash	960,5 k €	+0.0%	960,4 k €	+4.6%	918 k €	+6.9%	858,5 k €	+72.8%	496,9 k €	+3.8%	478,7 k €	+68.5%	284,1 k €	-39.9%	473,1 k €	-20.7%	596,5 k €	+227%	182,6 k €	-73.1%	679,5 k €	+2255%	28,8 k €	-51.1%	59 k €	+280%	15,5 k €	-51.0%	31,7 k €	-84.5%	204,2 k €	+21.7%	167,8 k €	-31.6%	245,4 k €	+632%	33,5 k €
Debts	3,3 M €	-2.4%	3,4 M €	-5.3%	3,6 M €	-9.1%	4 M €	+4.3%	3,8 M €	+15.7%	3,3 M €	-4.7%	3,5 M €	+5.8%	3,3 M €	-0.1%	3,3 M €	-9.3%	3,6 M €	+2.7%	3,5 M €	-4.7%	3,7 M €	-1.0%	3,7 M €	+16.0%	3,2 M €	-2.4%	3,3 M €	+9.2%	3 M €	+59.9%	1,9 M €	+15.4%	1,6 M €	+1.6%	1,6 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP		–		0,7 ETP	-30.0%	1,0 ETP	-28.6%	1,4 ETP	-12.5%	1,6 ETP	-20.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-18.8%	1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 ETP	+15.4%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 21 ended

Active mandates

Erna WOLFS

Director · until 29 décembre 2029

Active

Marleen COLLEE

Director · until 29 décembre 2029

Active

MC CONSULTING

Director · until 29 décembre 2029 · 0450.850.753

Represented by Carla SIMAR

Active

Ended mandates

Erna WOLFS

Director · since 25 mai 2021 · until 31 mai 2027

Ended

Marleen COLLEE

Managing director · since 25 mai 2021 · until 31 mai 2027

Ended

MC CONSULTING

Director · since 29 mai 2009 · until 30 novembre 2021 · 0450.850.753

Represented by Marleen Collee

Ended

MC CONSULTING

Director · since 29 mai 2009 · until 30 novembre 2015 · 0450.850.753

Represented by Marleen Collee

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO SPL● Active	0419.762.352
MARBO● Active	0453.086.406
MC CONSULTING● Active	0450.850.753
SETRIMO● Active	0449.589.357

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/02/2026	31/01/2025	30/01/2024	18/02/2023	28/02/2022	02/02/2021
General meeting	30/12/2025	31/12/2024	28/12/2023	30/12/2022	27/12/2021	20/12/2020
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	30/06/2025	30/12/2025	10/02/2026	French	PDF
Abridged model	30/06/2024	31/12/2024	31/01/2025	French	PDF
Abridged model	30/06/2023	28/12/2023	30/01/2024	French	PDF
Abridged model	30/06/2022	30/12/2022	18/02/2023	French	PDF
Abridged model	30/06/2021	27/12/2021	28/02/2022	French	PDF
Abridged model	30/06/2020	20/12/2020	02/02/2021	French	PDF
Abridged model	30/06/2019	28/12/2019	30/04/2020	French	PDF
Abridged model	30/06/2018	28/11/2018	01/03/2019	French	PDF
Abridged model	30/06/2017	24/11/2017	22/02/2018	French	PDF
Abridged model	30/06/2016	25/11/2016	10/06/2017	French	PDF
Abridged model	30/06/2015	27/11/2015	29/02/2016	French	PDF
Abridged model	30/06/2014	28/11/2014	27/02/2015	French	PDF
Abridged model	30/06/2013	29/11/2013	28/02/2014	French	PDF
Abridged model	30/06/2012	30/11/2012	28/02/2013	French	PDF
Abridged model	30/06/2011	25/11/2011	31/01/2012	French	PDF
Abridged model	30/06/2010	26/11/2010	01/02/2011	French	PDF
Abridged model	30/06/2009	27/11/2009	29/01/2010	French	PDF
Abridged model	30/06/2008	28/11/2008	16/01/2009	French	PDF
Abridged model	30/06/2007	30/11/2007	15/01/2008	French	PDF
Abridged model	30/06/2006	24/11/2006	31/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/06/2025 · 3 active · 21 ended

Active mandates

Erna WOLFS

Director · until 29 décembre 2029

Active

Marleen COLLEE

Director · until 29 décembre 2029

Active

MC CONSULTING

Director · until 29 décembre 2029 · 0450.850.753

Represented by Carla SIMAR

Active

Ended mandates

Erna WOLFS

Director · since 25 mai 2021 · until 31 mai 2027

Ended

Marleen COLLEE

Managing director · since 25 mai 2021 · until 31 mai 2027

Ended

MC CONSULTING

Director · since 29 mai 2009 · until 30 novembre 2021 · 0450.850.753

Represented by Marleen Collee

Ended

MC CONSULTING

Director · since 29 mai 2009 · until 30 novembre 2015 · 0450.850.753

Represented by Marleen Collee

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates22/04/2016
DEMISSIONS, NOMINATIONS
PDF
Other24/12/2012
DIVERS
PDF
Capital / shares06/03/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/06/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates06/04/2005
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates09/12/2003
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 2025276,9 k €↑
2024
Annual accounts 2024188,5 k €↑
2023
Annual accounts 202389,7 k €↓
2022
Annual accounts 202297,1 k €↑
2021
Annual accounts 202163,9 k €↑
2020
Annual accounts 2020-90 k €↓
2019
Annual accounts 201917,3 k €↑
2018
Annual accounts 2018-5,2 k €↓
2017
Annual accounts 2017-1,5 k €↓
2016
Annual accounts 201665,4 k €↓
2015
Annual accounts 2015764,2 k €↑
2014
Annual accounts 201443,6 k €↑
2013
Annual accounts 201311,6 k €↓
2012
Annual accounts 201291,1 k €↑
2011
Annual accounts 20118,9 k €↓
2010
Annual accounts 201041,9 k €↓
2009
Annual accounts 200965,6 k €↓
2008
Annual accounts 2008160,5 k €↑
2007
Annual accounts 200763,3 k €
29/03/1989
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

STING RAY

Overview

What does STING RAY do?

Trend over 19 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