Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
26 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RAYFERENCE from Brussel, company number BE0543981938, closed financial year 2025 with a result of € 102,371 after tax. For that financial year RAYFERENCE recorded a gross margin of € 481,061 and equity of € 137,097. Compared with financial year 2024, the result moved from € 61,740 to € 102,371. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 137,097
▲ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 102,371
▲ 66% vs 2024
Profit after tax over the fiscal year.
€ 123,369
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 60,000 paid out
59 % of the profit went to the shareholders, mostly to The Climate Observer Holding (100 % of the shares). That is where the money ends up.
People and assets in 2025
4.1
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 340,614
▲ 44% vs 2024
€ 83,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,440
▲ 79% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1,005
Loans from banks and other lenders, long and short.
€ 73,498
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,384
▲ 53% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 530,837 | € 354,913 | € 328,052 | € 481,061 | ▲ 47% |
| Profit after taxes | € 122,751 | € 64,817 | € 61,740 | € 102,371 | ▲ 66% |
| Equity | € 707,669 | € 207,986 | € 94,726 | € 137,097 | ▲ 45% |
| Total debts | € 200,006 | € 169,798 | € 222,028 | € 359,708 | ▲ 62% |
| Cash | € 709,731 | € 203,109 | € 111,206 | € 123,369 | ▲ 11% |
| Retained profit | € 689,119 | € 189,436 | € 74,321 | € 116,692 | ▲ 57% |
| Dividend | € 0 | € 564,500 | € 175,000 | € 60,000 | ▼ 66% |
| Bank debt | € 0 | € 0 | € 0 | € 1,005 | |
| Balance sheet total | € 907,675 | € 377,784 | € 316,753 | € 496,805 | ▲ 57% |
| Employees (FTE) | - | 3.9 | 3.4 | 4.1 | ▲ 0.7 |
Key figures of RAYFERENCE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RAYFERENCE?
What happened at RAYFERENCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Yves Govaerts stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 102,371 (▲ 66% vs 2024). filed late Source: NBB ↗
- Marta Luffarelli became a director. NBB
- Vincent Leroy became a director. NBB
- Yves Govaerts became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- New establishment in Schaarbeek. KBO
In short
From € 122,751 profit in 2022 to € 102,371 profit in 2025.
Paid € 70,439 in corporate taxes since 2022.
Best year ever: 2022, with € 122,751 profit.
On average € 117,300 of value added per employee in 2025.
A new publication or filing at RAYFERENCE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of The Climate Observer Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RAYFERENCEBehind RAYFERENCE are Marta Luffarelli and Vincent Leroy. The shares are held by The Climate Observer Holding (100%).
Directors
According to the 2025 annual accounts
Marta Luffarelli
Managing director
since 2023
since 2023
Yves Govaerts
Director
since 2023 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Aalststraat 7
1000 Brussel
Paul Deschanellaan 247
1030 Schaarbeek
Active since 1 December 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 26 companies are registered at this address.
All companies at this address →Crédal
€ 2.4 million revenue · 2025
TAMA EUROPEAN COOPERATIVE
€ 1,042 gross margin · 2025
ÉPOC SOCIÉTÉ MULTI-PROFESSIONNELLE D’ARCHITECTES
€ 30,808 gross margin · 2025
About AV
€ 703,737 gross margin · 2025
Team Panoptes
€ 24,194 gross margin · 2024
+21 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.981.938
- VAT number
- BE 0543.981.938
- Registered office
- Aalststraat 7, 1000 Brussel
- Names & denominations
- RAYFERENCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2014
- Peppol
- Active · Active since 2 Jun 2026
- Activities · NACE
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