ACTIVE

RAYEN PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

+24.8% YoY

Gross margin

2,6 M €

+10.0% YoY

Equity

2 M €

+4.8% YoY

Workforce

15,7 ETP

-0.6% YoY

What does RAYEN PROJECTS do?

RAYEN PROJECTS is a Public limited company incorporated in 2010. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Beringen. It employs on average 15,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0825.902.144

Incorporation

05/05/2010

Legal form

Public limited company

Registered office

Industrieweg 87
3583 Beringen · FlandreSee on map

Contributed capital

696 762,76 €

Latest accounts

31/12/2025

Average workforce

15,7 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation+2

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	2,6 M €	+10.0%	2,4 M €	+4.5%	2,3 M €	+9.1%	2,1 M €	-1.1%	2,1 M €	+22.0%	1,7 M €	-0.1%	1,7 M €	+7.8%	1,6 M €	+8.0%	1,5 M €	-6.8%	1,6 M €	-2.0%	1,6 M €	+4.1%	1,6 M €	-3.8%	1,6 M €	+69.8%	966,9 k €
EBITDA	1,6 M €	+18.2%	1,4 M €	+2.6%	1,4 M €	+8.6%	1,2 M €	-2.3%	1,3 M €	+28.1%	994,1 k €	+3.2%	963 k €	+22.4%	786,6 k €	+19.9%	656,2 k €	-24.6%	870,2 k €	-12.2%	990,7 k €	+4.8%	945,5 k €	-11.3%	1,1 M €	+144%	436,6 k €
Operating result	1,5 M €	+22.7%	1,3 M €	-0.9%	1,3 M €	+9.2%	1,2 M €	-3.5%	1,2 M €	+31.2%	919,3 k €	+8.0%	851,1 k €	+18.5%	718,4 k €	+26.4%	568,4 k €	-27.3%	781,7 k €	-14.6%	915,9 k €	+1.8%	899,4 k €	-11.7%	1 M €	+159%	393,3 k €
Net result	1,2 M €	+24.8%	953,4 k €	+0.0%	953,3 k €	+10.2%	865,2 k €	-3.3%	894,7 k €	+28.1%	698,6 k €	+18.0%	592,2 k €	+22.1%	484,8 k €	+16.5%	416,2 k €	-26.0%	562,8 k €	-13.1%	647,7 k €	+3.1%	628,1 k €	-8.3%	685,1 k €	+128%	300,1 k €
Balance sheet
Equity	2 M €	+4.8%	1,9 M €	-2.4%	1,9 M €	-22.2%	2,5 M €	+54.2%	1,6 M €	+0.3%	1,6 M €	+14.3%	1,4 M €	+5.5%	1,3 M €	+58.0%	835,2 k €	-75.6%	3,4 M €	+19.7%	2,9 M €	+29.3%	2,2 M €	+39.7%	1,6 M €	+76.5%	895,3 k €
Total assets	4,8 M €	+14.6%	4,2 M €	-15.6%	4,9 M €	+38.8%	3,6 M €	-9.3%	3,9 M €	+16.5%	3,4 M €	+6.4%	3,2 M €	-8.1%	3,4 M €	-36.2%	5,4 M €	+9.0%	5 M €	-2.0%	5,1 M €	+17.2%	4,3 M €	-17.6%	5,2 M €	+56.2%	3,4 M €
Cash	1,8 M €	+233%	553,6 k €	-54.3%	1,2 M €	+20.1%	1 M €	-36.2%	1,6 M €	+76.0%	897,2 k €	+15.3%	778,4 k €	-20.0%	972,7 k €	+9.9%	884,9 k €	-22.6%	1,1 M €	-28.6%	1,6 M €	+35.9%	1,2 M €	-15.8%	1,4 M €	+58.7%	881 k €
Debts	2,8 M €	+22.7%	2,3 M €	-24.1%	3 M €	+179%	1,1 M €	-53.3%	2,3 M €	+33.1%	1,7 M €	+0.2%	1,7 M €	-17.9%	2,1 M €	-53.7%	4,5 M €	+200%	1,5 M €	-30.4%	2,2 M €	+4.5%	2,1 M €	-42.7%	3,6 M €	+49.1%	2,4 M €
Other
Workforce	15,7 ETP	-0.6%	15,8 ETP	+5.3%	15,0 ETP	+4.9%	14,3 ETP	-3.4%	14,8 ETP	-3.9%	15,4 ETP	+2.7%	15,0 ETP	-10.2%	16,7 ETP	+1.8%	16,4 ETP	+6.5%	15,4 ETP	+24.2%	12,4 ETP	-2.4%	12,7 ETP	+6.7%	11,9 ETP	+7.2%	11,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

GROUPE RAYEN

Managing director · since 06 novembre 2023 · until 06 novembre 2029 · 0501.661.234

Represented by Guy Rayen

Active

Henny Rayen

Managing director · since 06 novembre 2023 · until 06 novembre 2029

Active

Ended mandates

GROUPE RAYEN

Managing director · since 16 décembre 2019 · until 09 juin 2023 · 0501.661.234

Represented by Guy Rayen

Ended

Henny Rayen

Managing director · since 16 décembre 2019 · until 09 juin 2023

Ended

Henny Rayen

Managing director · since 11 juin 2016 · until 09 juin 2022

Ended

GROUPE RAYEN

Managing director · since 10 juin 2016 · until 09 juin 2022 · 0501.661.234

Represented by Guy Rayen

Ended

At this address

Other companies at this address

Company	CBE no.
GROUPE RAYEN● Active	0501.661.234
RAYEN BTW-EENHEID● Active	0837.156.619
RAYEN INVEST● Active	0824.248.194

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	15/06/2026	11/07/2025	04/07/2024	21/06/2023	27/06/2022	18/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	18/06/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	03/09/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	15/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	16/06/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 21 ended

Active mandates

GROUPE RAYEN

Managing director · since 06 novembre 2023 · until 06 novembre 2029 · 0501.661.234

Represented by Guy Rayen

Active

Henny Rayen

Managing director · since 06 novembre 2023 · until 06 novembre 2029

Active

Ended mandates

GROUPE RAYEN

Managing director · since 16 décembre 2019 · until 09 juin 2023 · 0501.661.234

Represented by Guy Rayen

Ended

Henny Rayen

Managing director · since 16 décembre 2019 · until 09 juin 2023

Ended

Henny Rayen

Managing director · since 11 juin 2016 · until 09 juin 2022

Ended

GROUPE RAYEN

Managing director · since 10 juin 2016 · until 09 juin 2022 · 0501.661.234

Represented by Guy Rayen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/02/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other27/05/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251,2 M €↑
2024
Annual accounts 2024953,4 k €↑
2023
Annual accounts 2023953,3 k €↑
2022
Annual accounts 2022865,2 k €↓
2021
Annual accounts 2021894,7 k €↑
2020
Annual accounts 2020698,6 k €↑
2019
Annual accounts 2019592,2 k €↑
2016
Annual accounts 2016484,8 k €↑
2015
Annual accounts 2015416,2 k €↓
2014
Annual accounts 2014562,8 k €↓
2013
Annual accounts 2013647,7 k €↑
2012
Annual accounts 2012628,1 k €↓
2011
Annual accounts 2011685,1 k €↑
2010
Annual accounts 2010300,1 k €
05/05/2010
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

RAYEN PROJECTS

Overview

What does RAYEN PROJECTS do?

Trend over 14 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