IMMO RAYEZ
0448.651.922 · rovalta.com · 24/09/2026
ACTIVE
IMMO RAYEZ
Financial year 2025 · closed on 31/12/2025
Net result
341,4 k €
+461.5% YoY
Gross margin
832,1 k €
+71.4% YoY
Equity
1,1 M €
+22.2% YoY
Overview
What does IMMO RAYEZ do?
IMMO RAYEZ is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Waterloo.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.651.922
Incorporation
02/11/1992
Legal form
Public limited company
Registered office
Rue Libert (François) 25 D
1410 Waterloo · WallonieSee on map
1410 Waterloo · WallonieSee on map
Contributed capital
466 540,57 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (1)
- 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 832,1 k € | +71.4% | 485,6 k € | -5.6% | 514,6 k € | +11.1% | 463 k € | +30.5% | 354,7 k € | -17.1% | 427,9 k € | +37.2% | 311,9 k € | -17.5% | 377,8 k € | -21.8% | 482,8 k € | -38.9% | 790,1 k € | +132% | 340,1 k € | +5.7% | 321,9 k € | +8.7% | 296,3 k € | +25.7% | 235,7 k € | +105% | 114,7 k € | -6.8% | 123,1 k € | -32.8% | 183,2 k € | +9.3% | 167,6 k € | +2.7% | 163,2 k € |
| EBITDA | 805,3 k € | +87.1% | 430,4 k € | -8.6% | 471 k € | +11.0% | 424,4 k € | +35.5% | 313,3 k € | -5.5% | 331,7 k € | +21.3% | 273,5 k € | +57.2% | 174 k € | -47.4% | 330,7 k € | -47.8% | 633 k € | +207% | 206,3 k € | -18.3% | 252,5 k € | +9.9% | 229,7 k € | +35.4% | 169,7 k € | +407% | 33,5 k € | -31.6% | 49 k € | -54.5% | 107,7 k € | +4.4% | 103,1 k € | -15.8% | 122,5 k € |
| Operating result | 514,7 k € | +222% | 159,7 k € | -29.2% | 225,6 k € | +23.2% | 183,1 k € | +717% | 22,4 k € | -48.5% | 43,5 k € | +276% | -24,7 k € | +78.3% | -113,8 k € | -302% | 56,4 k € | -85.4% | 387,4 k € | +958% | -45,1 k € | -12715% | -352,2 € | +98.2% | -19,5 k € | +72.6% | -71,2 k € | +50.8% | -144,5 k € | -38.0% | -104,7 k € | -196% | -35,4 k € | +31.9% | -51,9 k € | -215% | -16,5 k € |
| Net result | 341,4 k € | +461% | 60,8 k € | -44.4% | 109,3 k € | +8.1% | 101,2 k € | +539% | -23 k € | -87.5% | -12,3 k € | +41.4% | -21 k € | +83.8% | -129,2 k € | -418% | 40,6 k € | -88.3% | 346,9 k € | +474% | -92,7 k € | -93.4% | -47,9 k € | +28.6% | -67,1 k € | +29.8% | -95,6 k € | +49.8% | -190,4 k € | -51.0% | -126,1 k € | -28.0% | -98,5 k € | -254% | -27,8 k € | -103% | 800,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 1,1 M € | +22.2% | 879,5 k € | -4.8% | 923,6 k € | -8.9% | 1 M € | -4.6% | 1,1 M € | -10.3% | 1,2 M € | -1.0% | 1,2 M € | -1.7% | 1,2 M € | -9.6% | 1,3 M € | +8.5% | 1,2 M € | +18.2% | 1,1 M € | -7.5% | 1,1 M € | -4.0% | 1,2 M € | -5.4% | 1,3 M € | -5.8% | 1,3 M € | -8.3% | 1,4 M € | -4.8% | 1,5 M € | -1.9% | 1,6 M € | -60.4% | 3,9 M € |
| Total assets | 2,7 M € | +17.3% | 2,3 M € | +19.4% | 1,9 M € | -9.4% | 2,1 M € | -9.2% | 2,3 M € | -10.0% | 2,6 M € | -8.4% | 2,8 M € | -7.9% | 3 M € | -5.9% | 3,2 M € | -7.1% | 3,5 M € | -0.2% | 3,5 M € | -5.1% | 3,7 M € | -5.5% | 3,9 M € | -4.3% | 4 M € | +1.3% | 4 M € | +24.8% | 3,2 M € | +10.8% | 2,9 M € | -30.1% | 4,1 M € | -7.7% | 4,5 M € |
| Cash | 345,5 k € | +353% | 76,3 k € | +30.0% | 58,7 k € | -30.5% | 84,5 k € | -23.4% | 110,3 k € | +8.3% | 101,9 k € | +105% | 49,7 k € | -61.3% | 128,6 k € | -38.6% | 209,5 k € | -42.6% | 365,3 k € | +748% | 43,1 k € | +148% | 17,4 k € | -18.1% | 21,2 k € | -40.4% | 35,6 k € | +23.8% | 28,8 k € | -55.5% | 64,7 k € | +193% | 22,1 k € | -57.7% | 52,2 k € | -20.6% | 65,7 k € |
| Debts | 1,4 M € | +8.3% | 1,3 M € | +47.2% | 898,7 k € | -9.2% | 990,1 k € | -12.5% | 1,1 M € | -10.3% | 1,3 M € | -13.5% | 1,5 M € | -12.3% | 1,7 M € | -2.8% | 1,7 M € | -13.3% | 2 M € | -15.0% | 2,3 M € | -4.1% | 2,4 M € | -5.9% | 2,6 M € | -3.7% | 2,7 M € | +6.3% | 2,5 M € | +64.9% | 1,5 M € | +38.7% | 1,1 M € | -51.1% | 2,2 M € | +300% | 561,1 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 1,5 ETP | +50.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | +11.1% | 0,9 ETP | -10.0% | 1,0 ETP | 0.0% | 1,0 ETP | +11.1% | 0,9 ETP | – | |||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 23 ended
Active mandates
Florent RAYEZ
ActiveGuillaume RAYEZ
ActiveMarcel RAYEZ
ActiveVivienne FRESON
ActiveEnded mandates
FLORENT RAYER
EndedFlorent RAYEZ
EndedFlorent RAYEZ
EndedGuillaume RAYEZ
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 24/07/2026 | 21/08/2025 | 03/07/2024 | 20/07/2023 | 22/06/2022 | 14/09/2021 |
| General meeting | 30/06/2026 | 27/06/2025 | 28/06/2024 | 22/06/2023 | 06/06/2022 | 30/06/2021 |
| 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 |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 24/07/2026 | French | |
| Abridged model | 31/12/2024 | 27/06/2025 | 21/08/2025 | French | |
| Abridged model | 31/12/2023 | 28/06/2024 | 03/07/2024 | French | |
| Abridged model | 31/12/2022 | 22/06/2023 | 20/07/2023 | French | |
| Abridged model | 31/12/2021 | 06/06/2022 | 22/06/2022 | French | |
| Micro model | 31/12/2020 | 30/06/2021 | 14/09/2021 | French | |
| Micro model | 31/12/2019 | 01/10/2020 | 21/10/2020 | French | |
| Micro modelCorrection | 31/12/2018 | 28/06/2019 | 08/08/2019 | French | |
| Micro model | 31/12/2018 | 28/06/2019 | 18/07/2019 | French | |
| Micro model | 31/12/2017 | 30/06/2018 | 16/08/2018 | French | |
| Micro model | 31/12/2016 | 30/06/2017 | 13/09/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 12/01/2017 | French | |
| Abridged model | 31/12/2014 | 23/04/2015 | 15/09/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 29/08/2014 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 17/09/2013 | French | |
| Abridged model | 31/12/2011 | 30/06/2012 | 30/08/2012 | French | |
| Abridged model | 31/12/2010 | 30/06/2011 | 12/07/2011 | French | |
| Abridged modelCorrection | 31/12/2009 | 30/06/2010 | 15/09/2010 | French | |
| Abridged model | 31/12/2009 | 22/04/2010 | 01/09/2010 | French | |
| Abridged model | 31/12/2008 | 30/06/2009 | 30/09/2009 | French | |
| Abridged model | 31/12/2007 | 24/04/2008 | 16/06/2008 | French | |
| Abridged model | 31/12/2006 | 30/06/2007 | 24/07/2007 | French |
Valuation
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.
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 · 4 active · 23 ended
Active mandates
Florent RAYEZ
ActiveGuillaume RAYEZ
ActiveMarcel RAYEZ
ActiveVivienne FRESON
ActiveEnded mandates
FLORENT RAYER
EndedFlorent RAYEZ
EndedFlorent RAYEZ
EndedGuillaume RAYEZ
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Registered office23/03/2026SIEGE SOCIAL
- Registered office23/02/2024SIEGE SOCIAL
- Mandates14/07/2023DEMISSIONS, NOMINATIONS
- Mandates09/07/2021DEMISSIONS, NOMINATIONS
- Mandates26/02/2018DEMISSIONS, NOMINATIONS
- Mandates14/03/2016DEMISSIONS, NOMINATIONS
- Mandates28/11/2012DEMISSIONS, NOMINATIONS
- Mandates15/12/2008DEMISSIONS, NOMINATIONS
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 2025341,4 k €↑
- 2024Annual accounts 202460,8 k €↓
- 2023Annual accounts 2023109,3 k €↑
- 2022Annual accounts 2022101,2 k €↑
- 2021Annual accounts 2021-23 k €↓
- 2020Annual accounts 2020-12,3 k €↑
- 2019Annual accounts 2019-21 k €↑
- 2018Annual accounts 2018-129,2 k €↓
- 2017Annual accounts 201740,6 k €↓
- 2016Annual accounts 2016346,9 k €↑
- 2015Annual accounts 2015-92,7 k €↓
- 2014Annual accounts 2014-47,9 k €↑
- 2013Annual accounts 2013-67,1 k €↑
- 2012Annual accounts 2012-95,6 k €↑
- 2011Annual accounts 2011-190,4 k €↓
- 2010Annual accounts 2010-126,1 k €↓
- 2009Annual accounts 2009-98,5 k €↓
- 2008Annual accounts 2008-27,8 k €↓
- 2007Annual accounts 2007800,8 k €
- 02/11/1992IncorporationPublic limited company