Active · per the CBE, 16 September 2026

RAC 1

BE0819582791

Rechtspersoon Limited partnership 1 establishment

RAC 1 is a property company in Brussel. Limited partnership, started on 13 October 2009, 1 establishment.

Marnixlaan 23, 1000 Brussel

Behind the company: Hannover Leasing Holding CommV, RAC 1 GP NV.

Active for

16 year, 11 months

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

    58 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.

What it is worth Growing

€ 3.3 million

▲ € 3 million vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 4 million

▲ 138% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 16.8 million

▼ 27% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 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

Bank debt ≈ 89 years to go

€ 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.

Owed to suppliers

€ 350,134

▼ 94% vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.

Taxes

€ 942,720

▲ € 925,971 vs 2023

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
2021202220232024Change 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%).

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Directors

According to the 2024 annual accounts

Hannover Leasing Holding CommV

Manager · represented by Stefan ZIEGLER

Owns 0% via RAC 1 GP NV

since 2014

RAC 1 GP NV

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

Registered office

Marnixlaan 23

1000 Brussel

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

Frequently asked questions

What does RAC 1 do?
RAC 1 is a property company in Brussel. Limited partnership, started on 13 October 2009, 1 establishment.
What is the address of RAC 1?
The registered office of RAC 1 is located at Marnixlaan 23, 1000 Brussel.
Is RAC 1 still active?
Yes. According to the CBE (16 September 2026) RAC 1 is active, legal situation “Normale toestand”, started on 13 October 2009.
Is RAC 1 registered on Peppol?
Yes, RAC 1 is registered on the Peppol network with ID 0208:0819582791.
What is the enterprise number of RAC 1?
The enterprise number of RAC 1 is BE0819582791.
When was RAC 1 founded?
RAC 1 was founded on 13 October 2009.