What is the address of M-RAY?

The registered office of M-RAY is located at Prins Boudewijnlaan 59, 1150 Sint-Pieters-Woluwe.

Is M-RAY still active?

Yes. According to the CBE (16 September 2026) M-RAY is active, legal situation “Normale toestand”, started on 20 August 2008.

Is M-RAY registered on Peppol?

Yes, M-RAY is registered on the Peppol network with ID 0208:0899861674.

What is the enterprise number of M-RAY?

The enterprise number of M-RAY is BE0899861674.

When was M-RAY founded?

M-RAY was founded on 20 August 2008.

Who are the directors of M-RAY?

According to the 2025 annual accounts, the directors of M-RAY are: Paul DESCLEE.

Is M-RAY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 20 August 2008; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did M-RAY make in 2025?

M-RAY posted a profit after taxes of € 416,414 in financial year 2025.

What is the revenue of M-RAY?

As a small company, M-RAY is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 601,019.

M-RAY (Private Limited) - Sint-Pieters-Woluwe

Dossier M-RAY, printed on 16 September 2026 from databakkes.be/en/0899861674/m-ray. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

M-RAY from Sint-Pieters-Woluwe, company number BE0899861674, closed financial year 2025 with a result of € 416,414 after tax. For that financial year M-RAY recorded a gross margin of € 601,019 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 211,114 to € 416,414. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.

What it is worth Growing

€ 1.1 million

▲ 64% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 416,414

▲ 97% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 178,172

▼ 11% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.1 million.

People and assets in 2025

Vehicles and equipment

€ 21,399

▼ 27% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 8,493

▲ 264% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 9,754

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 378,701 Gross margin 2022: € 378,701 First fiscal year in the series	€ 398,076 Gross margin 2023: € 398,076 ▲ 5% vs 2022 (€ 378,701) Favourable step	€ 305,515 Gross margin 2024: € 305,515 ▼ 23% vs 2023 (€ 398,076) Unfavourable step	€ 601,019 Gross margin 2025: € 601,019 ▲ 97% vs 2024 (€ 305,515) Favourable step	▲ 97%
Profit after taxes	€ 157,908 Profit after taxes 2022: € 157,908 First fiscal year in the series	€ 269,305 Profit after taxes 2023: € 269,305 ▲ 71% vs 2022 (€ 157,908) Favourable step	€ 211,114 Profit after taxes 2024: € 211,114 ▼ 22% vs 2023 (€ 269,305) Unfavourable step	€ 416,414 Profit after taxes 2025: € 416,414 ▲ 97% vs 2024 (€ 211,114) Favourable step	▲ 97%
Equity	€ 173,714 Equity 2022: € 173,714 First fiscal year in the series	€ 443,019 Equity 2023: € 443,019 ▲ 155% vs 2022 (€ 173,714) Favourable step	€ 654,133 Equity 2024: € 654,133 ▲ 48% vs 2023 (€ 443,019) Favourable step	€ 1,070,546 Equity 2025: € 1,070,546 ▲ 64% vs 2024 (€ 654,133) Favourable step	▲ 64%
Total debts	€ 64,595 Total debts 2022: € 64,595 First fiscal year in the series	€ 42,870 Total debts 2023: € 42,870 ▼ 34% vs 2022 (€ 64,595) Favourable step	€ 34,781 Total debts 2024: € 34,781 ▼ 19% vs 2023 (€ 42,870) Favourable step	€ 64,265 Total debts 2025: € 64,265 ▲ 85% vs 2024 (€ 34,781) Unfavourable step	▲ 85%
Cash	€ 206,365 Cash 2022: € 206,365 First fiscal year in the series	€ 192,620 Cash 2023: € 192,620 ▼ 7% vs 2022 (€ 206,365) Unfavourable step	€ 201,010 Cash 2024: € 201,010 ▲ 4% vs 2023 (€ 192,620) Favourable step	€ 178,172 Cash 2025: € 178,172 ▼ 11% vs 2024 (€ 201,010) Unfavourable step	▼ 11%
Retained profit	€ 173,714 Retained profit 2022: € 173,714 First fiscal year in the series	€ 443,019 Retained profit 2023: € 443,019 ▲ 155% vs 2022 (€ 173,714) Favourable step	€ 654,133 Retained profit 2024: € 654,133 ▲ 48% vs 2023 (€ 443,019) Favourable step	€ 1,070,546 Retained profit 2025: € 1,070,546 ▲ 64% vs 2024 (€ 654,133) Favourable step	▲ 64%
Dividend	€ 36,000 Dividend 2022: € 36,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 36,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 442,240 Balance sheet total 2022: € 442,240 First fiscal year in the series	€ 571,815 Balance sheet total 2023: € 571,815 ▲ 29% vs 2022 (€ 442,240) Unchanged	€ 773,089 Balance sheet total 2024: € 773,089 ▲ 35% vs 2023 (€ 571,815) Unchanged	€ 1,217,107 Balance sheet total 2025: € 1,217,107 ▲ 57% vs 2024 (€ 773,089) Unchanged	▲ 57%

Key figures of M-RAY, 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 M-RAY?

What happened at M-RAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 6, 2026 New annual accounts for financial year 2025: profit of € 416,414 (▲ 97% vs 2024). Source: NBB ↗
2021 Paul DESCLEE became a director. NBB
Oct 1, 2008 New establishment in Sint-Pieters-Woluwe. KBO
Aug 20, 2008 Start of the company according to the CBE. KBO

In short

From € 157,908 profit in 2022 to € 416,414 profit in 2025.

Paid € 441,946 in corporate taxes since 2022.

Best year ever: 2025, with € 416,414 profit.

Paid out € 36,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

A new publication or filing at M-RAY? We notify you, reason included.

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My folder 3 companies

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%

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