Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RAC4 Development from Oudergem, company number BE0673640551, closed financial year 2025 with a result of € -131,951 after tax. For that financial year RAC4 Development recorded revenue of € 26,495 and equity of € 3.3 million. Compared with financial year 2024, the result moved from € -137,340 to € -131,951. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 3.3 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -131,951
▲ 4 % less loss than in 2024
Profit after tax over the fiscal year.
€ 159,651
▲ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -682,004.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 289,226
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 265 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,746 | € 8,892 | € 1,910 | € 26,495 | ▲ € 24,586 |
| Profit after taxes | € -82,267 | € -157,889 | € -137,340 | € -131,951 | ▲ € 5,389 |
| Equity | € 3,745,176 | € 3,587,287 | € 3,449,947 | € 3,317,996 | ▼ 4% |
| Total debts | € 2,278,753 | € 2,847,409 | € 3,141,310 | € 3,637,527 | ▲ 16% |
| Cash | € 112,983 | € 433,474 | € 130,556 | € 159,651 | ▲ 22% |
| Retained profit | € -254,824 | € -412,713 | € -550,053 | € -682,004 | ▼ € 131,951 |
| Balance sheet total | € 6,023,929 | € 6,434,697 | € 6,591,257 | € 6,955,523 | ▲ 6% |
Key figures of RAC4 Development, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RAC4 Development?
What happened at RAC4 Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ADEL YAHIA CONSULT BVBA stepped down as director. NBB
- Arfides NV stepped down as director. NBB
- ZAFFERANA BV stepped down as director. NBB
- GROUP MINERVA NV stepped down as director. NBB
- REAL ESTATE SOLUTIONS BV stepped down as director. NBB
- DUCK NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 131,951. Source: NBB ↗
- ADEL YAHIA CONSULT BVBA became a director. NBB
In short
From € 82,267 loss in 2022 to € 131,951 loss in 2025.
Paid € 386 in corporate taxes since 2022.
Management
The shares are held by 'IMMOBEL' OU 'COMPAGNIE IMMOBILIERE DE BELGIQUE ' OU ' IMMOBILIEN VENNOOTSCHAP VAN BELGIE' (40%) and TRIPLE LIVING (33%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Jozef Cavens
Also active at: WETINVEST II, Attis, GANDS, QUEEN TOWERS, GANDS Group, Urban Living Belgium Holding, TRIPLE LIVING HOLDING, Pulsepartner +18 more
since 2020 · until 2026
Director · represented by Adel Yahia
Also active at: COMPAGNIE IMMOBILIERE DE WALLONIE, Infinito, Entreprises et Gestion Immobilières, Lotinvest Development, QUOMAGO S.A., COSIMO, VELDIMMO, LES JARDINS DU NORD - NOORDWARANDE +45 more
since 2024 · until 2030
Director · represented by Stefan Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, GANDS, PARC RESIDENCES, URBAN LIVING PROJECT MANAGEMENT, Canalis Invest +43 more
since 2024 · until 2030
Director · represented by Bart Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, BESSENVELD 3, BESSENVELD 2, GANDS, BESSENVELD 4 +35 more
since 2020 · until 2026
Director · represented by Jeff Cavens
Also active at: BESSENVELD 3, Attis, BESSENVELD 2, GANDS, BESSENVELD 4, BESSENVELD 1, PROJECT BESSENVELD, URBAN LIVING PROJECT MANAGEMENT +36 more
since 2020 · until 2026
Director · represented by Wim Smekens
Also active at: Ilot Saint Roch, Debrouckère Development, Lebeau Development, Square des Héros, Isala Living
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 292
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →SHIPSHOP NIEUWPOORT same network
€ 27,916 gross margin · 2025
Advies- en ingenieursbureau WILMARC
€ 542,756 gross margin · 2024
Immobiliën Oostduinkerke
€ -1,108 gross margin · 2025
WILMARC INVEST same network
€ 1 million revenue · 2024
SKYLINE PROJECTS same network
€ -104,653 gross margin · 2024
+23 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0673.640.551
- VAT number
- BE 0673.640.551
- Registered office
- Vorstlaan 292, 1160 Oudergem
- Names & denominations
- RAC4 Development
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2017
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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