ACTIVE

RACO

Financial year 2025 · closed on 31/12/2025
Net result
605,5 k €
+61.3% YoY
Gross margin
2,3 M €
+20.0% YoY
Equity
1,5 M €
-0.3% YoY
Workforce
19,5 ETP
+6.6% YoY

What does RACO do?

RACO is a Private limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Heusden-Zolder. It employs on average 19,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0475.069.970
Incorporation
22/06/2001
Legal form
Private limited company
Registered office
Rijkelstraat 28
3550 Heusden-Zolder · FlandreSee on map
Contributed capital
24 800,00 €
Latest accounts
31/12/2025
Average workforce
19,5 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin2,3 M €1,9 M €2,4 M €1,1 M €1,3 M €1,1 M €1,2 M €918,7 k €730,5 k €604,2 k €392,7 k €322,2 k €258,4 k €228,2 k €121 k €81,3 k €70,1 k €41,1 k €41,2 k €
EBITDA921,7 k €618,1 k €743,1 k €321,8 k €567,8 k €386 k €547,8 k €424,7 k €300,6 k €300,1 k €116,2 k €143,8 k €112,9 k €102,6 k €70,6 k €75,7 k €57,2 k €40 k €40,5 k €
Operating result845 k €540 k €644,9 k €262,2 k €519,9 k €304,3 k €488,9 k €353 k €232,8 k €246 k €64,7 k €94,7 k €66,7 k €50 k €59,9 k €67,5 k €51,8 k €34,5 k €37,6 k €
Net result605,5 k €375,4 k €447,8 k €180,4 k €383 k €190,8 k €317 k €203,3 k €129,7 k €129,5 k €24,1 k €51,1 k €32,1 k €26,1 k €39,4 k €47,2 k €32,5 k €22 k €25,5 k €
Balance sheet
Equity1,5 M €1,5 M €1,8 M €1,4 M €1,3 M €985,3 k €821,8 k €504,7 k €468,8 k €367,7 k €276,8 k €252,7 k €226,7 k €194,5 k €168,5 k €129,1 k €92,9 k €60,4 k €38,4 k €
Total assets2,8 M €3,5 M €2,8 M €2,2 M €2,2 M €2,2 M €1,5 M €1,3 M €1,1 M €914,8 k €723,5 k €753 k €691,4 k €664,8 k €270,1 k €229,1 k €203 k €94,6 k €102,2 k €
Cash490,3 k €328,8 k €459,4 k €929,7 k €909,7 k €736,6 k €675,1 k €457,7 k €322,1 k €311,3 k €168,3 k €103,4 k €93,9 k €90,3 k €90,9 k €83,4 k €87,5 k €20,8 k €14,1 k €
Debts1,2 M €2 M €920,8 k €798,8 k €817,5 k €1,2 M €664,3 k €760,5 k €616 k €546 k €441,4 k €499,9 k €464 k €470,1 k €101 k €94,3 k €107,2 k €34,2 k €61,4 k €
Other
Workforce19,5 ETP18,3 ETP6,5 ETP5,4 ETP1,9 ETP3,2 ETP2,4 ETP1,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

CARA

Director · 0798.483.808

Represented by Radoes Vannessa

Active
Studibo Belgium

Director · 0789.522.689

Represented by Karel Verhaeghe

Active

Ended mandates

Studibo Belgium

Director · since 13 mai 2025 · 0789.522.689

Represented by Karel VERHAEGHE

Ended
CARA

Director · since 01 avril 2023 · 0798.483.808

Represented by Vanessa Radoes

Ended
CARA

Director · since 15 février 2023 · 0798.483.808

Represented by Radoes VANESSA

Ended
Studibo Belgium

Director · since 02 février 2023 · 0789.522.689

Represented by Joachim Depuydt

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months18 months12 months12 months12 months
Filing date01/07/202615/07/202528/06/202428/11/202222/12/202127/11/2020
General meeting16/06/202617/06/202530/05/202404/10/202205/10/202106/10/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/06/202601/07/2026DutchPDF
Abridged model31/12/202417/06/202515/07/2025DutchPDF
Micro model31/12/202330/05/202428/06/2024DutchPDF
Micro model30/06/202204/10/202228/11/2022DutchPDF
Micro model30/06/202105/10/202122/12/2021DutchPDF
Micro model30/06/202006/10/202027/11/2020DutchPDF
Micro model30/06/201906/10/201922/11/2019DutchPDF
Micro model30/06/201802/10/201820/11/2018DutchPDF
Micro model30/06/201703/10/201727/11/2017DutchPDF
Abridged model30/06/201604/10/201618/11/2016DutchPDF
Abridged model30/06/201506/10/201523/11/2015DutchPDF
Abridged model30/06/201407/10/201428/11/2014DutchPDF
Abridged model30/06/201301/10/201323/12/2013DutchPDF
Abridged model30/06/201202/10/201221/01/2013DutchPDF
Abridged model30/06/201104/10/201127/01/2012DutchPDF
Abridged model30/06/201015/09/201002/12/2010DutchPDF
Abridged model30/06/200906/10/200928/12/2009DutchPDF
Abridged model30/06/200830/11/200818/12/2008DutchPDF
Abridged model30/06/200704/10/200727/12/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 2 active · 8 ended

Active mandates

CARA

Director · 0798.483.808

Represented by Radoes Vannessa

Active
Studibo Belgium

Director · 0789.522.689

Represented by Karel Verhaeghe

Active

Ended mandates

Studibo Belgium

Director · since 13 mai 2025 · 0789.522.689

Represented by Karel VERHAEGHE

Ended
CARA

Director · since 01 avril 2023 · 0798.483.808

Represented by Vanessa Radoes

Ended
CARA

Director · since 15 février 2023 · 0798.483.808

Represented by Radoes VANESSA

Ended
Studibo Belgium

Director · since 02 février 2023 · 0789.522.689

Represented by Joachim Depuydt

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Restructuring19/07/2024
    DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring28/05/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other13/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates24/04/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/03/2019
    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

Timeline

  1. 2025
    Annual accounts 2025605,5 k €
  2. 2024
    Annual accounts 2024375,4 k €
  3. 2023
    Annual accounts 2023447,8 k €
  4. 2022
    Annual accounts 2022180,4 k €
  5. 2021
    Annual accounts 2021383 k €
  6. 2020
    Annual accounts 2020190,8 k €
  7. 2019
    Annual accounts 2019317 k €
  8. 2018
    Annual accounts 2018203,3 k €
  9. 2017
    Annual accounts 2017129,7 k €
  10. 2016
    Annual accounts 2016129,5 k €
  11. 2015
    Annual accounts 201524,1 k €
  12. 2014
    Annual accounts 201451,1 k €
  13. 2013
    Annual accounts 201332,1 k €
  14. 2012
    Annual accounts 201226,1 k €
  15. 2011
    Annual accounts 201139,4 k €
  16. 2010
    Annual accounts 201047,2 k €
  17. 2009
    Annual accounts 200932,5 k €
  18. 2008
    Annual accounts 200822 k €
  19. 2007
    Annual accounts 200725,5 k €
  20. 22/06/2001
    IncorporationPrivate limited company