ACTIVE

GREEN RAY ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

54,7 k €

-33.4% YoY

Gross margin

84,8 k €

-21.3% YoY

Equity

514,1 k €

-18.1% YoY

What does GREEN RAY ENGINEERING do?

GREEN RAY ENGINEERING is a Private limited company incorporated in 2004. Its main activity is: Computer consultancy activities. Its registered office is in Zonhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.830.107

Incorporation

18/08/2004

Legal form

Private limited company

Registered office

Donkeindeweg 18
3520 Zonhoven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores 52487Warehousing and support activities for transportation

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	84,8 k €	-21.3%	107,7 k €	+0.8%	106,9 k €	+6.9%	100 k €	+9.6%	91,3 k €	-3.8%	94,9 k €	+28.5%	73,8 k €	-18.6%	90,7 k €	+39.7%	64,9 k €	+32.3%	49,1 k €	-22.4%	63,2 k €	-5.2%	66,7 k €	+0.4%	66,4 k €	-9.3%	73,2 k €	-2.9%	75,4 k €	-19.1%	93,2 k €	-7.0%	100,2 k €	+5.9%	94,6 k €	+19.5%	79,1 k €	+18.9%	66,5 k €
EBITDA	83,7 k €	-21.4%	106,5 k €	+0.6%	105,9 k €	+7.2%	98,8 k €	+9.0%	90,6 k €	-3.8%	94,2 k €	+28.2%	73,5 k €	-18.7%	90,4 k €	+40.2%	64,5 k €	+32.3%	48,7 k €	-21.7%	62,2 k €	-5.7%	66 k €	+0.2%	65,8 k €	-9.5%	72,7 k €	-2.5%	74,6 k €	-19.5%	92,7 k €	-7.1%	99,8 k €	+6.4%	93,9 k €	+19.8%	78,3 k €	+20.3%	65,1 k €
Operating result	71,6 k €	-24.8%	95,2 k €	-7.0%	102,4 k €	+7.4%	95,4 k €	+9.1%	87,4 k €	-6.2%	93,2 k €	+51.2%	61,6 k €	-21.5%	78,5 k €	+49.3%	52,6 k €	+42.7%	36,8 k €	-27.8%	51 k €	-6.9%	54,8 k €	-16.7%	65,8 k €	+1.5%	64,8 k €	-12.9%	74,4 k €	-12.2%	84,8 k €	+4.3%	81,3 k €	-7.7%	88,1 k €	+27.3%	69,2 k €	+22.4%	56,6 k €
Net result	54,7 k €	-33.4%	82 k €	+9.4%	75 k €	+7.3%	69,9 k €	+10.1%	63,5 k €	+2.4%	62 k €	+45.5%	42,6 k €	-17.8%	51,9 k €	+75.1%	29,6 k €	+65.9%	17,8 k €	-28.5%	25 k €	-41.4%	42,6 k €	-12.0%	48,4 k €	+14.2%	42,4 k €	-15.1%	49,9 k €	-26.3%	67,8 k €	+3.8%	65,3 k €	-9.3%	72 k €	+68.7%	42,6 k €	+15.3%	37 k €
Balance sheet
Equity	514,1 k €	-18.1%	627,6 k €	+5.0%	597,4 k €	+8.2%	552,1 k €	+0.7%	548,4 k €	-0.7%	552,3 k €	+3.6%	532,8 k €	+8.7%	490,2 k €	+11.8%	438,3 k €	+7.2%	408,7 k €	+4.6%	390,8 k €	+6.8%	365,9 k €	+13.2%	323,3 k €	+17.6%	274,8 k €	+18.2%	232,4 k €	-22.6%	300,2 k €	+20.3%	249,6 k €	+23.9%	201,5 k €	+39.4%	144,6 k €	+45.1%	99,7 k €
Total assets	537,9 k €	-18.8%	662,6 k €	+2.8%	644,6 k €	+6.4%	605,9 k €	+3.5%	585,5 k €	-19.5%	727,5 k €	+4.0%	699,4 k €	+7.3%	651,5 k €	+10.5%	589,5 k €	+6.7%	552,7 k €	+2.0%	541,8 k €	+3.6%	523,2 k €	+11.7%	468,5 k €	+11.2%	421,4 k €	+11.6%	377,8 k €	+6.2%	355,7 k €	+15.0%	309,4 k €	+19.7%	258,5 k €	+23.5%	209,3 k €	+44.4%	145 k €
Cash	308,2 k €	+21.2%	254,4 k €	-5.5%	269,1 k €	+60.8%	167,4 k €	-44.5%	301,4 k €	-45.3%	550,6 k €	-0.9%	555,7 k €	+25.5%	442,9 k €	-5.4%	468 k €	+12.4%	416,4 k €	-4.2%	434,5 k €	+3.2%	421,2 k €	+7.8%	390,6 k €	+10.9%	352,2 k €	+15.5%	305 k €	-7.2%	328,7 k €	+24.8%	263,5 k €	+32.6%	198,7 k €	+18.7%	167,4 k €	+113%	78,4 k €
Debts	23,8 k €	-16.6%	28,6 k €	-28.7%	40,1 k €	-3.8%	41,7 k €	+16.8%	35,7 k €	-78.6%	167 k €	+5.2%	158,7 k €	+8.4%	146,5 k €	+1.8%	143,8 k €	-0.1%	144 k €	-4.6%	151 k €	-4.0%	157,3 k €	+8.3%	145,3 k €	-0.9%	146,6 k €	+0.9%	145,3 k €	+162%	55,6 k €	-7.0%	59,7 k €	+4.9%	56,9 k €	-12.1%	64,8 k €	+42.9%	45,3 k €

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 · 3 ended

Active mandates

Werner Vergauwen

Mandate

Active

Ended mandates

Werner Vergauwen

Director

Ended

Werner Vergauwen

Administrator - manager

Ended

Werner Vergauwen

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	01/06/2026	10/06/2025	11/06/2024	26/06/2023	01/07/2022	17/06/2021
General meeting	19/05/2026	19/05/2025	19/05/2024	19/05/2023	19/05/2022	19/05/2021
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
Micro model	31/12/2025	19/05/2026	01/06/2026	Dutch	PDF
Micro model	31/12/2024	19/05/2025	10/06/2025	Dutch	PDF
Micro model	31/12/2023	19/05/2024	11/06/2024	Dutch	PDF
Micro model	31/12/2022	19/05/2023	26/06/2023	Dutch	PDF
Micro model	31/12/2021	19/05/2022	01/07/2022	Dutch	PDF
Micro model	31/12/2020	19/05/2021	17/06/2021	Dutch	PDF
Micro model	31/12/2019	19/05/2020	25/06/2020	Dutch	PDF
Micro model	31/12/2018	19/05/2019	20/06/2019	Dutch	PDF
Micro model	31/12/2017	19/05/2018	13/06/2018	Dutch	PDF
Micro model	31/12/2016	19/05/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	19/05/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	19/05/2010	06/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	30/08/2007	Dutch	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 · 3 ended

Active mandates

Werner Vergauwen

Mandate

Active

Ended mandates

Werner Vergauwen

Director

Ended

Werner Vergauwen

Administrator - manager

Ended

Werner Vergauwen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/12/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other26/08/2004
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 202554,7 k €↓
2024
Annual accounts 202482 k €↑
2023
Annual accounts 202375 k €↑
2022
Annual accounts 202269,9 k €↑
2021
Annual accounts 202163,5 k €↑
2020
Annual accounts 202062 k €↑
2019
Annual accounts 201942,6 k €↓
2018
Annual accounts 201851,9 k €↑
2017
Annual accounts 201729,6 k €↑
2016
Annual accounts 201617,8 k €↓
2015
Annual accounts 201525 k €↓
2014
Annual accounts 201442,6 k €↓
2013
Annual accounts 201348,4 k €↑
2012
Annual accounts 201242,4 k €↓
2011
Annual accounts 201149,9 k €↓
2010
Annual accounts 201067,8 k €↑
2009
Annual accounts 200965,3 k €↓
2008
Annual accounts 200872 k €↑
2007
Annual accounts 200742,6 k €↑
2006
Annual accounts 200637 k €
18/08/2004
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

GREEN RAY ENGINEERING

Overview

What does GREEN RAY ENGINEERING 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