Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 1 to 0.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Ray Finance from Etterbeek, company number BE0649689469, closed financial year 2025 with a result of € 2,066 after tax. For that financial year Ray Finance recorded a gross margin of € 5,846 and equity of € 22,507. Compared with financial year 2024, the result moved from € 2,616 to € 2,066. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 22,507
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,066
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 8,057
▲ € 6,162 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -37,493.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 810
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 122
▼ 79% vs 2024
Loans from banks and other lenders, long and short.
€ 4,919
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,389
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 26,612 | € 36,074 | € 35,504 | € 5,846 | ▼ 84% |
| Profit after taxes | € -2,145 | € 376 | € 2,616 | € 2,066 | ▼ 21% |
| Equity | € 17,448 | € 17,824 | € 20,441 | € 22,507 | ▲ 10% |
| Total debts | € 222,642 | € 231,106 | € 233,979 | € 235,548 | ▲ 1% |
| Cash | € 7,289 | € 2,390 | € 1,895 | € 8,057 | ▲ € 6,162 |
| Retained profit | € -42,552 | € -42,176 | € -39,559 | € -37,493 | ▲ € 2,066 |
| Bank debt | € 0 | € 117 | € 567 | € 122 | ▼ 79% |
| Balance sheet total | € 240,090 | € 248,930 | € 254,419 | € 258,055 | ▲ 1% |
| Employees (FTE) | 0.8 | 1 | 0.9 | 0 | ▼ 0.9 |
Key figures of Ray Finance, 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 Ray Finance?
What happened at Ray Finance in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,066 (▼ 21% vs 2024). filed late Source: NBB ↗
- Julien Raymakers became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,145 loss in 2022 to € 2,066 profit in 2025.
Paid € 1,389 in corporate taxes since 2022.
Best year ever: 2024, with € 2,616 profit.
On average € 36,100 of value added per employee in 2023.
A new publication or filing at Ray Finance? 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
Behind Ray Finance is Julien Raymakers. It owns 100% of Brick & Build itself.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Steenweg op Etterbeek 53
1040 Etterbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0649.689.469
- VAT number
- BE 0649.689.469
- Registered office
- Steenweg op Etterbeek 53, 1040 Etterbeek
- Names & denominations
- Ray Finance
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 March 2016
- Peppol
- Not registered