ACTIVE

RAC 4

Financial year 2025 · closed on 31/12/2025
Net result
-143,9 k €
-292.8% YoY
Equity
11,5 M €
-1.2% YoY

What does RAC 4 do?

RAC 4 is a Public limited company incorporated in 2009. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Auderghem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0819.593.481
Incorporation
13/10/2009
Legal form
Public limited company
Registered office
Boulevard du Souverain 292
1160 Auderghem · BruxellesSee on map
Contributed capital
8 239 271,58 €
Latest accounts
31/12/2025
Signals
Good liquidity
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020182017201520142013201220112010
Income statement
Revenue18,8 k €232,2 k €40 k €12 M €
EBITDA-232,8 k €-166,9 k €-86 k €65,3 k €-30,5 k €-89,3 k €-29,9 k €60,8 k €-96,3 k €-114 k €-83,9 k €8,8 M €-271,8 k €38 k €
Operating result-232,8 k €-166,9 k €-86 k €65,3 k €-30,5 k €-89,3 k €-29,9 k €60,8 k €-96,3 k €-114 k €-83,9 k €8,8 M €-271,8 k €38 k €
Net result-143,9 k €-36,6 k €90,9 k €263,4 k €173,3 k €93 k €-997 k €-1,3 M €-293,7 k €-158,2 k €89,3 k €8,7 M €-294,7 k €1,7 M €
Balance sheet
Equity11,5 M €11,7 M €11,7 M €11,6 M €11,3 M €11,2 M €16,3 M €17,3 M €27 M €27,3 M €27,5 M €27,4 M €18,7 M €19 M €
Total assets39,5 M €39,7 M €40 M €39,9 M €39,6 M €39,5 M €37,6 M €36,2 M €30,8 M €31,3 M €31 M €30,4 M €21,5 M €21,4 M €
Cash168,6 k €52,3 k €265,1 k €696,5 k €505,8 k €636,8 k €1,2 M €463,8 k €351 k €459,7 k €88,2 k €10,9 k €63 k €835,7 k €
Debts28 M €28 M €28,1 M €28 M €28 M €28,1 M €21,3 M €18,9 M €3,8 M €4 M €3,6 M €3 M €1,2 M €875,6 k €
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 31/12/2025 · 6 active · 33 ended

Active mandates

A³ MANAGEMENT

Director · since 01 juillet 2025 · until 30 juin 2031 · 0812.686.091

Represented by Marnix Galle

Active
Arfides

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

Represented by Stefan Paeleman

Active
QUEEN-K

Director · since 16 décembre 2021 · until 31 mai 2027 · 0834.400.829

Represented by Olivier Thiel

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 Cavens

Active
REAL ESTATE SOLUTIONS

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

Represented by Bart Paeleman

Active

Ended mandates

QUEEN-K

Director · since 16 décembre 2021 · until 31 mai 2027 · 0834.400.829

Represented by Olivier Thiel

Ended
GROUP MINERVA

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

Represented by Dirk Cavens

Ended
REAL ESTATE SOLUTIONS

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

Represented by Bart Paeleman

Ended
A³ MANAGEMENT

Director · since 01 juillet 2019 · until 30 juin 2025 · 0812.686.091

Represented by Marnix Galle

Ended
At this address

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GRIMMOActive
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Havenlaan HTActive
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PAGACEActive
0838.324.973
PARC RESIDENCESActive
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RAC 6Active
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RES SOLIActive
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SEAPARKActive
0693.730.241
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SKYLINE EUROPEActive
0888.809.911
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

17 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
Full model31/12/201729/06/201810/07/2018DutchPDF
Full model31/12/201630/06/201717/07/2017DutchPDF
Full model31/12/201522/06/201627/07/2016DutchPDF
Full model31/12/201402/06/201508/06/2015DutchPDF
Full model31/12/201326/06/201428/07/2014DutchPDF
Full model31/12/201228/06/201328/06/2013DutchPDF
Full model31/12/201131/05/201218/06/2012DutchPDF
Full model31/12/201016/05/201106/06/2011DutchPDF
Full model31/12/200931/05/201021/06/2010DutchPDF
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 31/12/2025 · 6 active · 33 ended

Active mandates

A³ MANAGEMENT

Director · since 01 juillet 2025 · until 30 juin 2031 · 0812.686.091

Represented by Marnix Galle

Active
Arfides

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

Represented by Stefan Paeleman

Active
QUEEN-K

Director · since 16 décembre 2021 · until 31 mai 2027 · 0834.400.829

Represented by Olivier Thiel

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 Cavens

Active
REAL ESTATE SOLUTIONS

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

Represented by Bart Paeleman

Active

Ended mandates

QUEEN-K

Director · since 16 décembre 2021 · until 31 mai 2027 · 0834.400.829

Represented by Olivier Thiel

Ended
GROUP MINERVA

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

Represented by Dirk Cavens

Ended
REAL ESTATE SOLUTIONS

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

Represented by Bart Paeleman

Ended
A³ MANAGEMENT

Director · since 01 juillet 2019 · until 30 juin 2025 · 0812.686.091

Represented by Marnix Galle

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
  • Mandates31/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/10/2020
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates25/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring05/12/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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 2025-143,9 k €
  2. 2024
    Annual accounts 2024-36,6 k €
  3. 2023
    Annual accounts 202390,9 k €
  4. 2022
    Annual accounts 2022263,4 k €
  5. 2021
    Annual accounts 2021173,3 k €
  6. 2020
    Annual accounts 202093 k €
  7. 2018
    Annual accounts 2018-997 k €
  8. 2017
    Annual accounts 2017-1,3 M €
  9. 2015
    Annual accounts 2015-293,7 k €
  10. 2014
    Annual accounts 2014-158,2 k €
  11. 2013
    Annual accounts 201389,3 k €
  12. 2012
    Annual accounts 20128,7 M €
  13. 2011
    Annual accounts 2011-294,7 k €
  14. 2010
    Annual accounts 20101,7 M €
  15. 13/10/2009
    IncorporationPublic limited company