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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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RAC Projects from Gent, company number BE0721970307, closed financial year 2025 with a result of € 301 after tax. For that financial year RAC Projects recorded a gross margin of € 48,413 and equity of € 145,740. Compared with financial year 2024, the result moved from € 61,753 to € 301. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 26, 2026.
€ 145,740
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 301
▼ € 61,452 vs 2024
Profit after tax over the fiscal year.
€ 12,703
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 139,540.
People and assets in 2025
€ 188
▼ 68% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 933,773
▲ 183% vs 2024
€ 114,702 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 9,285
▼ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,045
▼ 59% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 50,319 | € 85,747 | € 184,380 | € 48,413 | ▼ 74% |
| Profit after taxes | € 21,518 | € 19,692 | € 61,753 | € 301 | ▼ € 61,452 |
| Equity | € 63,993 | € 83,686 | € 145,439 | € 145,740 | |
| Total debts | € 609,010 | € 1,374,982 | € 401,025 | € 981,757 | ▲ 145% |
| Cash | € 52,949 | € 6,167 | € 262,274 | € 12,703 | ▼ 95% |
| Land & buildings | € 222,531 | € 213,933 | € 210,181 | € 201,069 | ▼ 4% |
| Retained profit | € 57,793 | € 77,486 | € 139,239 | € 139,540 | |
| Bank debt | € 541,600 | € 1,294,780 | € 329,918 | € 933,773 | ▲ 183% |
| Balance sheet total | € 673,004 | € 1,458,668 | € 546,464 | € 1,127,496 | ▲ 106% |
Key figures of RAC Projects, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to RAC Projects?
What happened at RAC Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 301 (▼ € 61,452 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Christine Proost became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 21,518 profit in 2022 to € 301 profit in 2025.
Paid € 32,712 in corporate taxes since 2022.
Best year ever: 2024, with € 61,753 profit.
Management
Behind RAC Projects is Christine Proost. Christine Proost is also behind PROOST.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Noordstraat 34
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0721.970.307
- VAT number
- BE 0721.970.307
- Registered office
- Noordstraat 34, 9000 Gent
- Names & denominations
- RAC Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 March 2019
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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