Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RACE WORLD HOLDING from Malmedy, company number BE0731818280, closed financial year 2025 with a result of € 47,109 after tax. For that financial year RACE WORLD HOLDING recorded a gross margin of € 227,546 and equity of € 268,608. Compared with financial year 2024, the result moved from € 81,612 to € 47,109. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 268,608
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 47,109
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 157,496
▲ € 120,914 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 € 168,608.
Debts at end 2025
€ 1.1 million
▲ 82% vs 2024
€ 112,100 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 169,350
▲ € 149,663 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 173,899 | € 93,627 | € 150,110 | € 227,546 | ▲ 52% |
| Profit after taxes | € 112,024 | € 40,215 | € 81,612 | € 47,109 | ▼ 42% |
| Equity | € 99,672 | € 139,887 | € 221,499 | € 268,608 | ▲ 21% |
| Total debts | € 799,294 | € 708,919 | € 624,845 | € 1,252,622 | ▲ 100% |
| Cash | € 118,687 | € 32,704 | € 36,582 | € 157,496 | ▲ € 120,914 |
| Land & buildings | € 731,000 | € 790,050 | € 783,605 | € 1,337,160 | ▲ 71% |
| Retained profit | € -328 | € 39,887 | € 121,499 | € 168,608 | ▲ 39% |
| Bank debt | € 715,686 | € 656,146 | € 595,211 | € 1,081,033 | ▲ 82% |
| Balance sheet total | € 898,966 | € 848,805 | € 846,344 | € 1,521,230 | ▲ 80% |
Key figures of RACE WORLD HOLDING, 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 RACE WORLD HOLDING?
What happened at RACE WORLD HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 47,109 (▼ 42% vs 2024). Source: NBB ↗
- Michel BODARWE stepped down as director. NBB
- Michel BODARWE became a director. NBB
- New establishment in Malmedy. KBO
- Start of the company according to the CBE. KBO
In short
From € 112,024 profit in 2022 to € 47,109 profit in 2025.
Paid € 51,594 in corporate taxes since 2022.
Best year ever: 2022, with € 112,024 profit.
A new publication or filing at RACE WORLD HOLDING? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of FIBO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RACE WORLD HOLDINGThe shares are held by FIBO (100%).
Directors
According to the 2025 annual accounts
Michel BODARWE
Director
Also active at: Boreta, A. DETHIER, BODARWE CARRIERES, BODARWE, PROBEMAL, SOGIMAL, PIERRE DE WAIMES, CARRIERES SCHAUSS +8 more
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Baugnez-Route de Luxembourg 16
4960 Malmedy
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Boreta same network
€ 2.2 million gross margin · 2025
A. DETHIER same network
€ 13,774 gross margin · 2025
BODARWE CARRIERES same network
€ 1.9 million gross margin · 2025
PROBEMAL same network
€ 1.5 million gross margin · 2025
PIERRE DE WAIMES same network
€ 269,828 gross margin · 2025
+6 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
- 0731.818.280
- VAT number
- BE 0731.818.280
- Registered office
- Baugnez-Route de Luxembourg 16, 4960 Malmedy
- Names & denominations
- RACE WORLD HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2019
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
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