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 8 % 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
RAC 4 from Oudergem, company number BE0819593481, closed financial year 2025 with a result of € -143,921 after tax. Compared with financial year 2024, the result moved from € -36,637 to € -143,921. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 11.5 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -143,921
▼ 293 % more loss than in 2024
Profit after tax over the fiscal year.
€ 168,638
▲ 222% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.3 million.
Debts at end 2025
€ 28 million
Loans from banks and other lenders, long and short.
€ 8,150
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 2 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 263,423 | € 90,915 | € -36,637 | € -143,921 | ▼ € 107,284 |
| Equity | € 11,604,639 | € 11,695,554 | € 11,658,917 | € 11,514,995 | ▼ 1% |
| Total debts | € 28,308,583 | € 28,324,163 | € 28,023,495 | € 28,012,204 | |
| Cash | € 696,535 | € 265,116 | € 52,349 | € 168,638 | ▲ 222% |
| Retained profit | € 3,365,367 | € 3,456,282 | € 3,419,645 | € 3,275,724 | ▼ 4% |
| Bank debt | € 28,000,000 | € 28,000,000 | € 28,000,000 | € 28,000,000 | |
| Balance sheet total | € 39,913,222 | € 40,019,717 | € 39,682,412 | € 39,527,199 |
Key figures of RAC 4, 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 RAC 4?
What happened at RAC 4 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- A³ MANAGEMENT BV stepped down as director. NBB
- Arfides NV stepped down as director. NBB
- QUEEN-K BVBA 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 € 143,921. Source: NBB ↗
- A³ MANAGEMENT BV became a director. NBB
In short
From € 263,423 profit in 2022 to € 143,921 loss in 2025.
Paid € 109 in corporate taxes since 2022.
Best year ever: 2022, with € 263,423 profit.
Pays suppliers within 2 days on average.
A new publication or filing at RAC 4? 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 shares are held by 'IMMOBEL' OU 'COMPAGNIE IMMOBILIERE DE BELGIQUE ' OU ' IMMOBILIEN VENNOOTSCHAP VAN BELGIE' (40%) and ONLY LAND (33%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Cavens
Also active at: WETINVEST II, Attis, GANDS, QUEEN TOWERS, GANDS Group, RAC4 Development, Urban Living Belgium Holding, TRIPLE LIVING HOLDING +18 more
since 2020 · until 2026
Director · represented by Olivier Thiel
Also active at: COMPAGNIE IMMOBILIERE DE WALLONIE, Infinito, QUOMAGO S.A., COSIMO, VELDIMMO, LES JARDINS DU NORD - NOORDWARANDE, ESPACE NIVELLES, IMMOBEL Project Management +29 more
since 2021 · until 2027
Director · represented by Marnix Galle
Also active at: COMPAGNIE IMMOBILIERE DE WALLONIE, Entreprises et Gestion Immobilières, GOODWAYS, "IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE " OU " IMMOBILIEN VENNOOTSCHAP VAN BELGIE", QUOMAGO S.A., VELDIMMO, ILOT ECLUSE, LES JARDINS DU NORD - NOORDWARANDE +24 more
since 2025 · until 2031
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
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
€ 26,074 gross margin · 2024
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
- 0819.593.481
- VAT number
- BE 0819.593.481
- Registered office
- Vorstlaan 292, 1160 Oudergem
- Names & denominations
- RAC 4
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 2009
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen