ACTIVE

RAC4 Development

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Financial year 2025 · closed on 31/12/2025
Net result
-132 k €
+3.9% YoY
Revenue
26,5 k €
+1287.3% YoY
Equity
3,3 M €
-3.8% YoY

What does RAC4 Development do?

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· main68121Buying and selling of own real estate
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202018
Income statement
Revenue26,5 k €1,9 k €8,9 k €3,7 k €0 €––
EBITDA-10,4 k €-16,8 k €-39,3 k €-22,5 k €-34,4 k €-22,2 k €-79,8 k €
Operating result-10,4 k €-16,8 k €-39,3 k €-22,5 k €-34,4 k €-22,2 k €-79,8 k €
Net result-132 k €-137,3 k €-157,9 k €-82,3 k €-68,1 k €-24,3 k €-44,1 k €
Balance sheet
Equity3,3 M €3,4 M €3,6 M €3,7 M €3,8 M €3,9 M €3 M €
Total assets7 M €6,6 M €6,4 M €6 M €4,6 M €4,6 M €3 M €
Cash159,7 k €130,6 k €433,5 k €113 k €47,4 k €356,5 k €837 k €
Debts3,6 M €3,1 M €2,8 M €2,3 M €757 k €666,2 k €18,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 19 ended

Active mandates

ADEL YAHIA CONSULT

Director · since 01 septembre 2024 · until 31 août 2030 · 0892.792.255

Represented by Adel YAHIA

Active
Arfides

Director · since 01 septembre 2024 · until 31 août 2030 · 0849.719.802

Represented by Stefan Paeleman

Active
ZAFFERANA

Director · since 31 mai 2024 · until 30 mai 2030 · 0719.879.362

Represented by Wim Smekens

Active
DUCK

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0424.870.886

Represented by Jeff Cavens

Active
GROUP MINERVA

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0436.440.216

Represented by Dirk Jozef Cavens

Active
REAL ESTATE SOLUTIONS

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0460.014.184

Represented by Bart Paeleman

Active

Ended mandates

ZAFFERANA

Director · since 30 juin 2023 · until 31 mai 2024 · 0719.879.362

Represented by Wim Smekens

Ended
REAL ESTATE SOLUTIONS

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0460.014.184

Represented by Bart Paeleman

Ended
2BUILD CONSULTANCY

Director · since 01 septembre 2018 · until 31 août 2024 · 0873.679.988

Represented by Rudi Op 't Roodt

Ended
2BUILD CONSULTANCY

Director · since 01 septembre 2018 · until 30 juin 2023 · 0873.679.988

Represented by Rudi Op 't Roodt

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202621/07/202531/07/202430/08/202304/07/202220/07/2021
General meeting29/05/202630/05/202531/05/202431/05/202310/06/202216/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/05/202603/07/2026DutchPDF
Full model31/12/202430/05/202521/07/2025DutchPDF
Full model31/12/202331/05/202431/07/2024DutchPDF
Full model31/12/202231/05/202330/08/2023DutchPDF
Full model31/12/202110/06/202204/07/2022DutchPDF
Full model31/12/202016/06/202120/07/2021DutchPDF
Full model31/12/201910/07/202007/08/2020DutchPDF
Full model31/12/201828/06/201912/07/2019DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 19 ended

Active mandates

ADEL YAHIA CONSULT

Director · since 01 septembre 2024 · until 31 août 2030 · 0892.792.255

Represented by Adel YAHIA

Active
Arfides

Director · since 01 septembre 2024 · until 31 août 2030 · 0849.719.802

Represented by Stefan Paeleman

Active
ZAFFERANA

Director · since 31 mai 2024 · until 30 mai 2030 · 0719.879.362

Represented by Wim Smekens

Active
DUCK

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0424.870.886

Represented by Jeff Cavens

Active
GROUP MINERVA

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0436.440.216

Represented by Dirk Jozef Cavens

Active
REAL ESTATE SOLUTIONS

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0460.014.184

Represented by Bart Paeleman

Active

Ended mandates

ZAFFERANA

Director · since 30 juin 2023 · until 31 mai 2024 · 0719.879.362

Represented by Wim Smekens

Ended
REAL ESTATE SOLUTIONS

Director · since 10 juillet 2020 · until 09 juillet 2026 · 0460.014.184

Represented by Bart Paeleman

Ended
2BUILD CONSULTANCY

Director · since 01 septembre 2018 · until 31 août 2024 · 0873.679.988

Represented by Rudi Op 't Roodt

Ended
2BUILD CONSULTANCY

Director · since 01 septembre 2018 · until 30 juin 2023 · 0873.679.988

Represented by Rudi Op 't Roodt

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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 2025-132 k €↑
  2. 2024
    Annual accounts 2024-137,3 k €↑
  3. 2023
    Annual accounts 2023-157,9 k €↓
  4. 2022
    Annual accounts 2022-82,3 k €↓
  5. 2021
    Annual accounts 2021-68,1 k €↓
  6. 2020
    Annual accounts 2020-24,3 k €↑
  7. 2018
    Annual accounts 2018-44,1 k €
  8. 29/03/2017
    IncorporationPublic limited company