ACTIVE

RAC4 Development

Financial year 2025 · Closed on 31/12/2025

Net result-132 k €+3,9 %over 1 year

Revenue26,5 k €+1 287,3 %over 1 year

Equity3,3 M €-3,8 %over 1 year

Identity

Source · BCE/KBO

RAC4 Development is a Public limited company incorporated in 2017. Its main activity is: Development of building projects. Its registered office is in Auderghem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0673.640.551
Incorporation: 29/03/2017
Legal form: Public limited company
Registered office: Boulevard du Souverain 292
1160 Auderghem · BruxellesSee on map
Contributed capital: 4 000 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate

Signals

Solid equityLow riskGood liquidity

Financials

Source · NBB, 8 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	26,5 k €	+1287%	1,9 k €	-78.5%	8,9 k €	+137%	3,7 k €	+37463500%	0 €
EBITDA	-10,4 k €	+38.2%	-16,8 k €	+57.2%	-39,3 k €	-74.8%	-22,5 k €	+34.6%	-34,4 k €
Operating result	-10,4 k €	+38.2%	-16,8 k €	+57.2%	-39,3 k €	-74.8%	-22,5 k €	+34.6%	-34,4 k €
Net result	-132 k €	+3.9%	-137,3 k €	+13.0%	-157,9 k €	-91.9%	-82,3 k €	-20.8%	-68,1 k €
Balance sheet
Equity	3,3 M €	-3.8%	3,4 M €	-3.8%	3,6 M €	-4.2%	3,7 M €	-2.1%	3,8 M €
Total assets	7 M €	+5.5%	6,6 M €	+2.4%	6,4 M €	+6.8%	6 M €	+31.4%	4,6 M €
Cash	159,7 k €	+22.3%	130,6 k €	-69.9%	433,5 k €	+284%	113 k €	+138%	47,4 k €
Debts	3,6 M €	+15.8%	3,1 M €	+10.3%	2,8 M €	+25.0%	2,3 M €	+201%	757 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADEL YAHIA CONSULT0892.792.255Represented by Adel YAHIA	Director23/04/2018 → 31/08/2030
Arfides0849.719.802Represented by Stefan Paeleman	Director01/09/2018 → 31/08/2030
ZAFFERANA0719.879.362Represented by Wim Smekens	Director30/06/2023 → 30/05/2030
DUCK0424.870.886Represented by Jeff Cavens	Director10/07/2020 → 09/07/2026
GROUP MINERVA0436.440.216Represented by Dirk Jozef Cavens	Director10/07/2020 → 09/07/2026
REAL ESTATE SOLUTIONS0460.014.184Represented by Bart Paeleman	Director10/07/2020 → 09/07/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
2BUILD CONSULTANCY0873.679.988Represented by Rudi Op 't Roodt	Director01/09/2018 → 2018 accounts
TE-MEA0835.265.812Represented by Lionel Payen	Director23/04/2018 → 01/09/2018

Other companies at this address

Boulevard du Souverain 292 1160 Auderghem

Company	CBE no.
Advies- en ingenieursbureau WILMARC● Active	0421.789.949
Arfides● Active	0849.719.802
BELGIAN LAND COMPANY● Active	0888.948.778
BOOMGAARDE PROJECTS● Active	0773.962.109
DE WIELINGEN DEVELOPMENT● Active	0505.670.304
DOMUS MARCUS● Active	0456.916.619
GPC Vision● Active	1035.684.539
GRIMMO● Active	0456.569.102
Havenlaan HT● Active	0754.623.970
Immobiliën Oostduinkerke● Liquidation	0425.575.919
IMMOBILIERE FRANKLIN● Active	0899.887.905
PAGACE● Active	0838.324.973
PARC RESIDENCES● Active	0476.714.121
PARK LANE VENTURES● Active	0808.026.826
RAC 4● Active	0819.593.481
RAC 6● Active	0738.392.110
RES SOLI● Active	0652.961.339
SEAPARK● Active	0693.730.241
SHIPSHOP NIEUWPOORT● Active	0417.031.209
SKYLINE EUROPE● Active	0888.809.911

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	21/07/2025	31/07/2024	30/08/2023	04/07/2022	20/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	31/05/2023	10/06/2022	16/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	03/07/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	21/07/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	30/08/2023	Dutch	PDF
Full model	31/12/2021	10/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	16/06/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	10/07/2020	07/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	12/07/2019	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADEL YAHIA CONSULT0892.792.255Represented by Adel YAHIA	Director23/04/2018 → 31/08/2030
Arfides0849.719.802Represented by Stefan Paeleman	Director01/09/2018 → 31/08/2030
ZAFFERANA0719.879.362Represented by Wim Smekens	Director30/06/2023 → 30/05/2030
DUCK0424.870.886Represented by Jeff Cavens	Director10/07/2020 → 09/07/2026
GROUP MINERVA0436.440.216Represented by Dirk Jozef Cavens	Director10/07/2020 → 09/07/2026
REAL ESTATE SOLUTIONS0460.014.184Represented by Bart Paeleman	Director10/07/2020 → 09/07/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
2BUILD CONSULTANCY0873.679.988Represented by Rudi Op 't Roodt	Director01/09/2018 → 2018 accounts
TE-MEA0835.265.812Represented by Lionel Payen	Director23/04/2018 → 01/09/2018

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other30/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2018
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings7 filings

Mandates

Arfides

ADEL YAHIA CONSULT

ZAFFERANA

DUCK

GROUP MINERVA

REAL ESTATE SOLUTIONS

2BUILD CONSULTANCY

TE-MEA

A³ MANAGEMENT

PRIDE ROCK

JOG

Bart Paeleman

Show the 3 other mandates

20172018201920202021202220232024202520262027202820292030

RAC4 Development

Boulevard du Souverain 292, 1160 Auderghem

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard du Souverain 292, 1160 AuderghemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00270652

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
RAC4 DevelopmentCurrent	accounts 2018 → 2025	Accounts 2025 · 2026-00270652

Events

2025
Annual accounts 2025-132 k €↑
2024
Annual accounts 2024-137,3 k €↑
2023
Annual accounts 2023-157,9 k €↓
2022
Annual accounts 2022-82,3 k €↓
2021
Annual accounts 2021-68,1 k €↓
2020
Annual accounts 2020-24,3 k €↑
2018
Annual accounts 2018-44,1 k €
29/03/2017
IncorporationPublic limited company

RAC4 Development

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events