HEX - RAYS
Board
6 directors, 1 auditor, no change since 2025Chair of the board and director
chair of the board appointed by deed of 25-03-2014
director appointed by deed of 19-12-2022
term without a fixed end
earlier managing director, from 28-02-2014 to 14-10-2022
also on the board of 3 other companies
Director
appointed by deed of 19-12-2022
6-year term from 2022
also on the board of 5 other companies
Director, permanent representative Philippe-Alexandere Leroux
appointed by deed of 04-02-2025
Director, permanent representative Leon Cappaert
Statutory auditor, permanent representative Valérie Piton
appointed by deed of 31-03-2016
term of 3 financial years from 2025
Permanent representatives 2
Philippe-Alexandere Leroux
Permanent representative, for ZEVEN EECKEN EN VIER ESCHEN
appointed by deed of 04-02-2025
Permanent representative, for SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
appointed by deed of 07-11-2025
Mandates through the years
10 names, the dashed line is todayIlfak GUILFANOV
Chair, Director
Chair, Director
Arnaud Diederen
Director
Director
Harry Haeck
Director
Director
LUYTEN Bart
Director
Director
ZEVEN EECKEN EN VIER ESCHEN
Director
Director
PITON & Cie
Statutory auditor
Statutory auditor
CAPPAERT Leon Jeffy Maria
Director
Director
Elena Guilfanova
Director
Director
Pierre VANDEVENNE
Manager (not named in the articles)
Manager (not named in the articles)
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
- Ilfak GUILFANOV
- Manager, appointed by deed of 09-08-2007, until 14-10-2022
- Managing director, appointed by deed of 25-03-2014, until 14-10-2022
- Chair, appointed by deed of 25-03-2014, still in office
- Director, appointed by deed of 19-12-2022, still in office
- Arnaud Diederen
- Director, appointed by deed of 19-12-2022, still in office
- Harry Haeck
- Director, appointed by deed of 19-12-2022, still in office
- LUYTEN Bart
- Director, appointed by deed of 19-12-2022, still in office
- ZEVEN EECKEN EN VIER ESCHEN
- Director, appointed by deed of 04-02-2025, still in office
- SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
- Director, appointed by deed of 07-11-2025, still in office
- PITON & Cie
- Statutory auditor, appointed by deed of 31-03-2016, still in office
- CAPPAERT Leon Jeffy Maria
- Director, appointed by deed of 19-12-2022, until 07-11-2025
- Elena Guilfanova
- Director, from before 20-03-2014 to 23-12-2021
- Secretary, appointed by deed of 03-12-2018, ended, last mentioned on 03-12-2018
- Pierre VANDEVENNE
- Manager (not named in the articles), appointed by deed of 09-05-2005, until 19-07-2007
Control
100%
This company
HEX - RAYS
Equity €4.0m
Profit €3.8m in 2025
Capital
- Capital
- €61,500
- Shares
- 186 in the deed of 04-02-2022
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- SmartSec
- Smartfin Capital II
Older annual accounts also name 2 natural persons.
Source: shareholder structure in its own accounts, lists of holdings in the owners' accounts
Articles of association
deed of 04-02-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 3 directors
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 10:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Assemblée générale peut limiter à tout moment par majorité simple, liquidateur(s) disposent de tous pouvoirs article 2:87 Code des sociétés…”
Shareholders
2 ownersOwners 2
- SmartSecparentEquity €126.7m Profit of €6.0m in 2025 (profit of €24.8m in 2024) Checked score 90100%
- Equity €90.0m Profit of €20.8m in 2025 (profit of €3.0m in 2024)27.65%
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 16-05-2022 ↗
- llfak Guilfanov 186 shares
After the capital increase
deed of 25-03-2014 ↗
- Ilfak GUILFANOV 67 shares · €3,491,129
- Elena GUILFANOVA 1 share · €18,871
At incorporation
deed of 09-05-2005 ↗
- GUILFANOV Ilfak Ismaguilovitch founder
- VANDEVENNE Pierre Jacques René Jean founder
Capital over time
- 08-07-2022 Capital reduction of €67,243.26 · to €1,356.74
- 08-07-2022 Capital increase of €60,143.26 · to €61,500 · no new shares · from reserves
- 04-02-2022 Capital stated in the deed · €68,600 · 186 shares
- 22-06-2018 Capital reduction of €3,510,000 · to €68,600 · repaid to the shareholders
- 25-03-2014 Capital increase of €3,510,000 · to €3,578,600 · 68 new shares, 26.8% of the 254 shares after the increase
- 09-05-2005 Incorporation · €18,600 · 186 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off3 other companies of this director went bankrupt (2019, 2023, 2025).
- Air Belgium bankruptcy on 30-04-2025Official Gazetteappointed in 2024, still in office
- AUXIN SURGERY bankruptcy on 06-03-2023Official Gazetteappointed in 2020, still in office
- ELECTRAWINDS bankruptcy on 03-01-2019Official Gazetteappointed in 2009, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.