Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
HEX - RAYS from Liège, company number BE0873473914, closed financial year 2025 with a result of € 3.8 million after tax. For that financial year HEX - RAYS recorded revenue of € 12 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 11.7 million to € 3.8 million. The company is profitable. The buffer shrank hard: equity is 51 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 24, 2026.
€ 4 million
▼ 51% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.8 million
▼ 67% vs 2024
Profit after tax over the fiscal year.
€ 9.1 million
▲ € 8.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
14.4
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 7% vs 2024
€ 164,700 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.
€ 124,382
▲ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 772,044
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 1.1 million
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 17,717,088 | € 12,018,691 | ▼ 32% |
| Profit after taxes | € 11,654,210 | € 3,816,206 | ▼ 67% |
| Equity | € 8,145,864 | € 3,962,070 | ▼ 51% |
| Total debts | € 12,657,955 | € 21,320,488 | ▲ 68% |
| Cash | € 684,103 | € 9,114,634 | ▲ € 8.4 million |
| Land & buildings | € 458,181 | € 417,056 | ▼ 9% |
| Retained profit | € 8,084,364 | € 3,900,570 | ▼ 52% |
| Dividend | € 8,000,000 | € 8,000,000 | |
| Balance sheet total | € 20,803,818 | € 25,282,558 | ▲ 22% |
| Employees (FTE) | 15.3 | 14.4 | ▼ 0.9 |
Key figures of HEX - RAYS, fiscal years 2024 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 HEX - RAYS?
What happened at HEX - RAYS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SFPIM stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- SFPIM became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 11.7 million profit in 2024 to € 3.8 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2024.
Best year ever: 2024, with € 11.7 million profit.
Paid out € 16 million in dividends to the owners in total.
A new publication or filing at HEX - RAYS? We notify you, reason included.
Follow HEX - RAYSDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 Smartfin Capital II comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HEX - RAYSThe shares are held by SMARTSEC (100%) and Smartfin Capital II (27.7%).
Directors
According to the 2025 annual accounts
Director
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +57 more
since 2025 · until 2028
Shareholders
100%
27.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Rennequin-Sualem 34
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0873.473.914
- VAT number
- BE 0873.473.914
- Registered office
- Rue Rennequin-Sualem 34, 4000 Liège
- Names & denominations
- HEX - RAYS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 2005
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computeradviesbureaus
Computerconsultancy-activiteiten
Overige diensten op het gebied van informatietechnologie en computer
Overige activiteiten in verband met computers