ACTIVE

RAC 1

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Financial year 2024 · closed on 31/12/2024

Net result

4 M €

+138.1% YoY

Revenue

20,9 M €

+35.6% YoY

Equity

3,3 M €

+1144.5% YoY

What does RAC 1 do?

RAC 1 is a Limited partnership incorporated in 2009. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0819.582.791

Incorporation

13/10/2009

Legal form

Limited partnership

Registered office

Avenue Marnix 23
1000 Bruxelles · BruxellesSee on map

Contributed capital

265 018,25 €

Latest accounts

31/12/2024

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2011		2010
Income statement
Revenue	20,9 M €	+35.6%	15,4 M €	-19.1%	19,1 M €	+5.5%	18,1 M €	+3.5%	17,5 M €	+2.0%	17,1 M €	+1.8%	16,8 M €	+2.2%	16,4 M €	+1.2%	16,2 M €		–		–
EBITDA	19,6 M €	+34.7%	14,5 M €	-21.3%	18,5 M €	+5.4%	17,6 M €	+3.4%	17 M €	+2.9%	16,5 M €	-5.3%	17,4 M €	+13.3%	15,4 M €	-0.1%	15,4 M €	+458%	-4,3 M €	-426%	-816,9 k €
Operating result	13,1 M €	+68.5%	7,8 M €	-33.8%	11,8 M €	+8.5%	10,8 M €	+5.0%	10,3 M €	+4.8%	9,9 M €	-8.6%	10,8 M €	+23.2%	8,8 M €	-0.5%	8,8 M €	+304%	-4,3 M €	-426%	-816,9 k €
Net result	4 M €	+138%	1,7 M €	-63.1%	4,6 M €	+17.2%	3,9 M €	-7.8%	4,2 M €	+1.5%	4,2 M €	-15.8%	5 M €	+66.5%	3 M €	+44.3%	2,1 M €	+131%	-6,6 M €	-21767%	-30,1 k €
Balance sheet
Equity	3,3 M €	+1144%	265 k €	-91.5%	3,1 M €	-54.2%	6,8 M €	-71.9%	24,3 M €	-14.3%	28,4 M €	-12.7%	32,5 M €	-25.0%	43,3 M €	-14.8%	50,8 M €	+983%	-5,8 M €	-798%	825,3 k €
Total assets	146,8 M €	-7.1%	158,1 M €	+3.4%	152,9 M €	-3.1%	157,7 M €	-10.2%	175,6 M €	-3.8%	182,5 M €	-1.8%	185,8 M €	-6.9%	199,7 M €	-4.5%	209,1 M €	+329%	48,7 M €	+14.2%	42,6 M €
Cash	16,8 M €	-27.0%	23 M €	+91.6%	12 M €	+31.2%	9,1 M €	+13.1%	8,1 M €	-5.6%	8,6 M €	+243%	2,5 M €	-73.5%	9,4 M €	-42.4%	16,4 M €	+9504%	170,5 k €	-91.8%	2,1 M €
Debts	138 M €	-8.9%	151,4 M €	+5.2%	143,9 M €	-0.9%	145,2 M €	-0.3%	145,7 M €	-1.9%	148,4 M €	+0.3%	147,9 M €	-2.0%	151 M €	-1.4%	153,2 M €	+190%	52,8 M €	+31.4%	40,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 14 ended

Active mandates

Hannover Leasing Holding

Manager · since 10 mars 2014 · 0534.792.672

Represented by Laurentius Rucker

Active

RAC 1 GP

Manager · since 10 mars 2014 · 0536.721.388

Represented by Christoph Böll

Active

Ended mandates

Ernst et Young Reviseurs d'Entreprises

Mandate · since 30 juin 2015 · until 04 juin 2018 · 0446.334.711

Represented by Ömer Turna

Ended

Ernst et Young Reviseurs d'Entreprises

Mandate · since 30 juin 2015 · until 04 juin 2018 · 0446.334.711

Represented by Olaf Janssen

Ended

Hannover Leasing Holding

Manager · since 10 mars 2014 · until 10 mars 2014 · 0534.792.672

Represented by Laurentius Rucker

Ended

Hannover Leasing Holding

Manager · since 10 mars 2014 · 0534.792.672

Represented by Laurentius Rucker

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	20/11/2025	23/09/2024	10/08/2023	04/07/2022	08/07/2021	10/09/2020
General meeting	30/10/2025	19/09/2024	27/07/2023	17/06/2022	11/06/2021	02/06/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/10/2025	20/11/2025	Dutch	PDF
Full model	31/12/2023	19/09/2024	23/09/2024	Dutch	PDF
Full model	31/12/2022	27/07/2023	10/08/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	11/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	10/09/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	22/07/2019	Dutch	PDF
Full model	31/12/2017	06/07/2018	19/07/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	14/07/2016	28/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	13/10/2014	22/10/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	18/06/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	06/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	21/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 14 ended

Active mandates

Hannover Leasing Holding

Manager · since 10 mars 2014 · 0534.792.672

Represented by Laurentius Rucker

Active

RAC 1 GP

Manager · since 10 mars 2014 · 0536.721.388

Represented by Christoph Böll

Active

Ended mandates

Ernst et Young Reviseurs d'Entreprises

Mandate · since 30 juin 2015 · until 04 juin 2018 · 0446.334.711

Represented by Ömer Turna

Ended

Ernst et Young Reviseurs d'Entreprises

Mandate · since 30 juin 2015 · until 04 juin 2018 · 0446.334.711

Represented by Olaf Janssen

Ended

Hannover Leasing Holding

Manager · since 10 mars 2014 · until 10 mars 2014 · 0534.792.672

Represented by Laurentius Rucker

Ended

Hannover Leasing Holding

Manager · since 10 mars 2014 · 0534.792.672

Represented by Laurentius Rucker

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other17/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other20/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other11/08/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates09/03/2020
MAATSCHAPPELIJKE ZETEL - 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 20244 M €↑
11/09/2024
nominationStefan Ziegler — vaste vertegenwoordiger (bestuurder)
11/09/2024
reconductionVéronique Vandooren — vaste vertegenwoordiger (commissaris)
2023
Annual accounts 20231,7 M €↓
2022
Annual accounts 20224,6 M €↑
15/03/2022
nominationMichael Krywko — vaste vertegenwoordiger
2021
Annual accounts 20213,9 M €↓
2018
Annual accounts 20184,2 M €↑
2017
Annual accounts 20174,2 M €↓
2016
Annual accounts 20165 M €↑
2015
Annual accounts 20153 M €↑
2014
Annual accounts 20142,1 M €↑
2011
Annual accounts 2011-6,6 M €↓
2010
Annual accounts 2010-30,1 k €
13/10/2009
IncorporationLimited partnership

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

RAC 1

Overview

What does RAC 1 do?

Trend over 11 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