ACTIVE

RACS

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
2,1 k €
-88.1% YoY
Gross margin
866,4 k €
+7.6% YoY
Equity
259,2 k €
+0.8% YoY
Workforce
6,0 ETP
0.0% YoY

What does RACS do?

RACS is a Public limited company incorporated in 2004. Its main activity is: Other software publishing. Its registered office is in Rumst. It employs on average 6,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0866.870.093
Incorporation
20/08/2004
Legal form
Public limited company
Registered office
Kardinaal Cardijnstraat 7
2840 Rumst · FlandreSee on map
Contributed capital
125 000,00 €
Latest accounts
31/12/2025
Average workforce
6,0 ETP
Activities (NACE)
58290Other software publishing· main58290Other software publishing62010Computer programming activities62100Computer programming, consultancy and related activities72210Research and experimental development on social sciences and humanities72220Research and experimental development on social sciences and humanities
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212015201420132012201120102009200820072006
Income statement
Gross margin866,4 k €804,8 k €900,9 k €1,1 M €909,3 k €1 M €970,6 k €742 k €822,8 k €690,4 k €632,7 k €553,1 k €571 k €717,9 k €541,1 k €
EBITDA131,2 k €105,6 k €76,7 k €121,9 k €44,3 k €167,4 k €240,4 k €-9,8 k €47,2 k €94,3 k €207,9 k €208,5 k €78,1 k €143,1 k €121,6 k €
Operating result22,1 k €35,9 k €5,8 k €39,3 k €-30,5 k €101,6 k €160,1 k €-76,3 k €8,3 k €64,1 k €60,1 k €95,9 k €-43,2 k €19,6 k €39,9 k €
Net result2,1 k €17,3 k €2,3 k €30,5 k €-32,6 k €39,8 k €95,3 k €-109,9 k €-20,4 k €26,1 k €28,2 k €65,4 k €-77,1 k €-3,8 k €9,6 k €
Balance sheet
Equity259,2 k €257,1 k €239,8 k €237,5 k €207,1 k €188,5 k €148,8 k €53,4 k €163,3 k €183,8 k €157,7 k €129,5 k €64,1 k €141,2 k €145 k €
Total assets832,1 k €722,6 k €706,1 k €761,1 k €742,8 k €1,1 M €1,2 M €1,2 M €1,2 M €745,3 k €697,3 k €434,1 k €595,6 k €583,8 k €439 k €
Cash5,4 k €413,9 €7,3 k €1,2 k €1,8 k €32,1 k €38,8 k €38,3 k €1,4 k €33,8 k €54,3 k €17,3 k €62,7 k €874 €1,4 k €
Debts369,9 k €274,6 k €275 k €334,7 k €358,5 k €856,9 k €982,1 k €1,2 M €1 M €558,9 k €536,9 k €303,8 k €531,5 k €437,5 k €290,8 k €
Other
Workforce6,0 ETP6,0 ETP6,3 ETP7,7 ETP7,2 ETP7,9 ETP7,0 ETP8,4 ETP8,1 ETP6,3 ETP5,2 ETP4,1 ETP6,3 ETP7,5 ETP6,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Evolin

Gedelegeerd bestuurder · since 01 juillet 2024 · until 30 juin 2030 · 0797.551.321

Represented by An Van den Eynde

Active
Kubik Group

Bestuurder · since 11 décembre 2023 · until 11 décembre 2029 · 0454.644.839

Represented by Joeri De Meersman

Active

Ended mandates

Walter Van den Eynde

Gedelegeerd bestuurder · since 11 décembre 2023 · until 30 juin 2024

Ended
Kubik Group

Bestuurder · since 14 juin 2022 · until 13 juin 2028 · 0454.644.839

Represented by Joeri De Meersman

Ended
Walter Van den Eynde

Gedelegeerd bestuurder · since 14 juin 2022 · until 13 juin 2028

Ended
Walter Van den Eynde

Gedelegeerd bestuurder · since 11 février 2021 · until 13 juin 2023

Ended
At this address

Other companies at this address

CompanyCBE no.
Board Real Estate● Active
0758.660.853
CobVDE Horeca● Active
0805.241.639
Findid● Active
0658.878.636
GROEP VDE● Active
0768.996.105
Komma Board● Bankrupt
0541.571.982
Kubik Consulting● Active
0466.524.864
Kubik Freelance● Active
0821.614.546
Kubik Group● Active
0454.644.839
PARTNER GROUP (EENHEID)● Active
0506.693.653
Relyus● Active
0771.329.350
UNIPARTNERS FINANCIAL SERVICES● Active
0478.783.783
UP2● Active
0799.751.241
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date17/06/202625/07/202529/07/202424/07/202313/07/202227/07/2021
General meeting09/06/202630/06/202525/07/202429/06/202314/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202617/06/2026DutchPDF
Abridged model31/12/202430/06/202525/07/2025DutchPDF
Abridged model31/12/202325/07/202429/07/2024DutchPDF
Abridged model31/12/202229/06/202324/07/2023DutchPDF
Abridged model31/12/202114/06/202213/07/2022DutchPDF
Abridged model31/12/202029/06/202127/07/2021DutchPDF
Abridged model31/12/201929/06/202028/07/2020DutchPDF
Abridged model31/12/201828/06/201925/07/2019DutchPDF
Abridged model31/12/201712/06/201811/07/2018DutchPDF
Abridged model31/12/201628/06/201728/07/2017DutchPDF
Abridged model31/12/201514/06/201620/06/2016DutchPDF
Abridged model31/12/201409/06/201517/06/2015DutchPDF
Abridged model31/12/201310/06/201420/06/2014DutchPDF
Abridged model31/12/201211/06/201310/07/2013DutchPDF
Abridged model31/12/201112/06/201228/06/2012DutchPDF
Abridged model31/12/201014/06/201117/06/2011DutchPDF
Abridged model31/12/200908/06/201014/06/2010DutchPDF
Abridged model31/12/200809/06/200910/06/2009DutchPDF
Abridged model31/12/200710/06/200812/06/2008DutchPDF
Abridged model31/12/200612/06/200714/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 26 ended

Active mandates

Evolin

Gedelegeerd bestuurder · since 01 juillet 2024 · until 30 juin 2030 · 0797.551.321

Represented by An Van den Eynde

Active
Kubik Group

Bestuurder · since 11 décembre 2023 · until 11 décembre 2029 · 0454.644.839

Represented by Joeri De Meersman

Active

Ended mandates

Walter Van den Eynde

Gedelegeerd bestuurder · since 11 décembre 2023 · until 30 juin 2024

Ended
Kubik Group

Bestuurder · since 14 juin 2022 · until 13 juin 2028 · 0454.644.839

Represented by Joeri De Meersman

Ended
Walter Van den Eynde

Gedelegeerd bestuurder · since 14 juin 2022 · until 13 juin 2028

Ended
Walter Van den Eynde

Gedelegeerd bestuurder · since 11 février 2021 · until 13 juin 2023

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/03/2020
    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 20252,1 k €↓
  2. 2024
    Annual accounts 202417,3 k €↑
  3. 2023
    Annual accounts 20232,3 k €↓
  4. 2022
    Annual accounts 202230,5 k €↑
  5. 2021
    Annual accounts 2021-32,6 k €↓
  6. 2017
    Name changeRACS
  7. 2015
    Annual accounts 201539,8 k €↓
  8. 2014
    Annual accounts 201495,3 k €↑
  9. 2013
    Annual accounts 2013-109,9 k €↓
  10. 2012
    Annual accounts 2012-20,4 k €↓
  11. 2011
    Annual accounts 201126,1 k €↓
  12. 2010
    Annual accounts 201028,2 k €↓
  13. 2009
    Annual accounts 200965,4 k €↑
  14. 2008
    Annual accounts 2008-77,1 k €↓
  15. 2007
    Annual accounts 2007-3,8 k €↓
  16. 2006
    Annual accounts 20069,6 k €
  17. 2006
    Name changeRAPOSA
  18. 20/08/2004
    IncorporationPublic limited company