ACTIVE

RACINE

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Financial year 2024 · closed on 31/12/2024

Net result

31,5 k €

+13.7% YoY

Gross margin

34,4 k €

-27.0% YoY

Equity

881,4 k €

+3.7% YoY

What does RACINE do?

RACINE is a Private limited company incorporated in 1983. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.228.697

Incorporation

30/09/1983

Legal form

Private limited company

Registered office

Blekersdijk 41 box C
9000 Gent · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	34,4 k €	-27.0%	47,2 k €	+18.5%	39,8 k €	+95.1%	20,4 k €	-49.6%	40,5 k €	-11.2%	45,6 k €	+0.3%	45,5 k €	+6.1%	42,8 k €	+3.0%	41,6 k €	+5.8%	39,3 k €	+81.7%	21,6 k €	-43.9%	38,6 k €	+0.4%	38,4 k €	+29.6%	29,6 k €	+652%	-5,4 k €	-124%	22,6 k €	-70.2%	76 k €
EBITDA	30,3 k €	-29.4%	43 k €	+21.8%	35,3 k €	+117%	16,2 k €	-53.0%	34,5 k €	-18.3%	42,2 k €	+1.0%	41,8 k €	+14.1%	36,6 k €	+0.8%	36,4 k €	+8.7%	33,4 k €	+107%	16,2 k €	-49.3%	31,9 k €	-9.0%	35,1 k €	+57.2%	22,3 k €	+145%	-49,8 k €	-245%	34,4 k €	-48.5%	66,7 k €
Operating result	21,4 k €	-36.5%	33,7 k €	+29.6%	26 k €	+353%	5,7 k €	-75.3%	23,3 k €	+2.1%	22,8 k €	+4.7%	21,8 k €	+31.2%	16,6 k €	-11.0%	18,7 k €	+22.1%	15,3 k €	+725%	-2,4 k €	-177%	3,2 k €	+800%	351 €	+103%	-11,6 k €	+87.3%	-91,6 k €	-2488%	3,8 k €	-89.6%	37 k €
Net result	31,5 k €	+13.7%	27,7 k €	+13.2%	24,5 k €	+106%	11,9 k €	-55.8%	26,9 k €	+13.1%	23,8 k €	+5.0%	22,7 k €	+24.9%	18,2 k €	+202%	-17,7 k €	-199%	17,9 k €	+2732%	632,2 €	-91.1%	7,1 k €	+89.3%	3,8 k €	+151%	-7,4 k €	+91.8%	-90,1 k €	-876%	11,6 k €	-68.3%	36,7 k €
Balance sheet
Equity	881,4 k €	+3.7%	849,9 k €	+3.4%	822,2 k €	+3.1%	797,7 k €	+8.8%	733 k €	+3.8%	706,1 k €	+3.5%	682,3 k €	+3.4%	659,6 k €	+2.8%	641,4 k €	-2.7%	659,2 k €	+2.8%	641,3 k €	+0.1%	640,6 k €	+1.1%	633,5 k €	+0.6%	629,7 k €	-1.2%	637,1 k €	-12.4%	727,3 k €	+1.6%	715,6 k €
Total assets	892,4 k €	-1.8%	908,9 k €	+9.0%	833,9 k €	+3.2%	807,8 k €	+10.0%	734,4 k €	+3.9%	707 k €	+3.5%	683,1 k €	+3.3%	661,4 k €	+2.5%	645,4 k €	-2.3%	660,9 k €	+3.0%	641,8 k €	-0.7%	646,3 k €	+1.4%	637,1 k €	+0.9%	631,2 k €	-1.3%	639,7 k €	-16.6%	767,4 k €	+0.7%	762,2 k €
Cash	198,3 k €	-57.9%	471,3 k €	+82.0%	258,9 k €	+73.5%	149,3 k €	-47.8%	285,7 k €	-40.3%	478,3 k €	+38.0%	346,5 k €	+47.6%	234,8 k €	+93.7%	121,2 k €	+47.1%	82,4 k €	+76.1%	46,8 k €	-69.6%	153,8 k €	+7.9%	142,5 k €	+355%	31,3 k €	+135%	13,3 k €	-92.2%	171,8 k €	-29.5%	243,5 k €
Debts	11 k €	-81.3%	59 k €	+405%	11,7 k €	+15.9%	10,1 k €	+635%	1,4 k €	+41.9%	966,8 €	+10.7%	873 €	+5.0%	831,2 €	-71.8%	2,9 k €	+128%	1,3 k €	+127%	569,3 €	-90.0%	5,7 k €	+56.0%	3,6 k €	+147%	1,5 k €	-43.5%	2,6 k €	-93.5%	40,1 k €	+283%	10,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 2 ended

Active mandates

Fanny Van Herzeele

Director · since 01 janvier 2006

Active

Dimitri De Cuyper

Director · since 04 mai 2005

Active

Ended mandates

Fanny Van Herzeele

Manager · since 01 janvier 2006

Ended

Dimitri De Cuyper

Manager · since 04 mai 2005

Ended

At this address

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EMPERAT● Active	0748.869.890
LUMEN● Active	0721.828.369
YOISHO● Active	0783.388.925
YOROKONDE WASHI● Active	0783.391.992

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Micro model	Micro model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	22/08/2024	25/08/2023	16/06/2022	25/08/2021	27/08/2020
General meeting	15/07/2025	21/08/2024	24/08/2023	13/06/2022	16/06/2021	17/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	15/07/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	21/08/2024	22/08/2024	Dutch	PDF
Micro model	31/12/2022	24/08/2023	25/08/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	16/06/2021	25/08/2021	Dutch	PDF
Micro model	31/12/2019	17/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	19/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/07/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/07/2011	28/08/2011	Dutch	PDF
Abridged model	31/12/2009	16/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	17/06/2009	21/06/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	13/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 2 ended

Active mandates

Fanny Van Herzeele

Director · since 01 janvier 2006

Active

Dimitri De Cuyper

Director · since 04 mai 2005

Active

Ended mandates

Fanny Van Herzeele

Manager · since 01 janvier 2006

Ended

Dimitri De Cuyper

Manager · since 04 mai 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring10/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/04/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office17/12/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/01/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2003
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202431,5 k €↑
2023
Annual accounts 202327,7 k €↑
2022
Annual accounts 202224,5 k €↑
2021
Annual accounts 202111,9 k €↓
2018
Annual accounts 201826,9 k €↑
2017
Annual accounts 201723,8 k €↑
2016
Annual accounts 201622,7 k €↑
2015
Annual accounts 201518,2 k €↑
2014
Annual accounts 2014-17,7 k €↓
2013
Annual accounts 201317,9 k €↑
2012
Annual accounts 2012632,2 €↓
2011
Annual accounts 20117,1 k €↑
2010
Annual accounts 20103,8 k €↑
2009
Annual accounts 2009-7,4 k €↑
2008
Annual accounts 2008-90,1 k €↓
2007
Annual accounts 200711,6 k €↓
2006
Annual accounts 200636,7 k €
30/09/1983
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RACINE

Overview

What does RACINE do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline