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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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Busy address KBO
57 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
RAC 1 from Brussel, company number BE0819582791, closed financial year 2024 with a result of € 4 million after tax. For that financial year RAC 1 recorded revenue of € 20.9 million and equity of € 3.3 million. Compared with financial year 2023, the result moved from € 1.7 million to € 4 million. Profitable, and profit is growing. 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 November 20, 2025.
€ 3.3 million
▲ € 3 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4 million
▲ 138% vs 2023
Profit after tax over the fiscal year.
€ 16.8 million
▼ 27% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
25 % of the profit went to the shareholders, mostly to Orkor Luxco B S.A.R.L. (50 % of the shares). That is where the money ends up.
Debts at end 2024
€ 135.7 million
▼ 1% vs 2023
€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 89 years.
€ 350,134
▼ 94% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
€ 942,720
▲ € 925,971 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 18,070,038 | € 19,055,556 | € 15,423,985 | € 20,915,054 | ▲ 36% |
| Profit after taxes | € 3,915,610 | € 4,587,452 | € 1,694,137 | € 4,033,011 | ▲ 138% |
| Equity | € 6,843,915 | € 3,131,366 | € 265,018 | € 3,298,029 | ▲ € 3 million |
| Total debts | € 150,863,405 | € 149,748,807 | € 157,786,947 | € 143,472,870 | ▼ 9% |
| Cash | € 9,148,409 | € 12,000,745 | € 22,995,147 | € 16,779,285 | ▼ 27% |
| Land & buildings | € 146,594,154 | € 140,046,513 | € 133,407,574 | € 127,225,956 | ▼ 5% |
| Retained profit | € 6,578,896 | € 2,866,348 | € 0 | € 3,033,011 | |
| Dividend | € 6,300,000 | € 8,300,000 | € 4,560,486 | € 1,000,000 | ▼ 78% |
| Bank debt | € 140,220,000 | € 138,700,000 | € 137,180,000 | € 135,660,000 | ▼ 1% |
| Balance sheet total | € 157,707,319 | € 152,880,174 | € 158,051,965 | € 146,770,899 | ▼ 7% |
Key figures of RAC 1, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to RAC 1?
What happened at RAC 1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 4 million (▲ 138% vs 2023). filed late Source: NBB ↗
- Hannover Leasing Holding CommV became a director. NBB
- RAC 1 GP NV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Brussel. KBO
In short
From € 3.9 million profit in 2021 to € 4 million profit in 2024.
Paid € 5.7 million in corporate taxes since 2021.
Best year ever: 2022, with € 4.6 million profit.
Paid out € 20.2 million in dividends to the owners in total.
Management
Behind RAC 1 are Hannover Leasing Holding CommV and RAC 1 GP NV. The shares are held by Orkor Luxco B S.A.R.L. (50%), Hannover Leasing Holding CommV (50%) and RAC 1 GP NV (0%).
Directors
According to the 2024 annual accounts
since 2014
Manager · represented by Michael KRYWKO
since 2014
Shareholders
RAC 1 GP NV · holding of Hannover Leasing Holding CommV
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Marnixlaan 23
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 57 companies are registered at this address.
All companies at this address →TELEFLEX MEDICAL
€ 18.7 million revenue · 2025
CUSHMAN & WAKEFIELD WINSSINGER TIE LEUNG
€ 10,991 revenue · 2025
Paardekooper België
Sunparks Oostduinkerke
€ 3.9 million revenue · 2025
CUSHMAN & WAKEFIELD BELGIUM
€ 18.8 million revenue · 2025
+52 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
- 0819.582.791
- VAT number
- BE 0819.582.791
- Registered office
- Marnixlaan 23, 1000 Brussel
- Names & denominations
- RAC 1
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 13 October 2009
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen