RAC 4

Active

Public limited companyfounded 200916 yrs activeVorstlaan 292, 1160 Oudergem, BelgiumKBO/BCE: BE 0819.593.481

Summary

RAC 4 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.51M and a net result of €-144k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 41% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability37=

Solvency54=

Growth58=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €550k at 30 days acceptable

Liquidity tight (current ratio 1.41 against 1.42 in 2024; short-term debt: 70.9% and cash: 0.4% of total assets), and 70.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

29.1%

Return on assets

-0.4%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

28 d early

2024

10 d early

2023

on the day

2022

30 d late

2021

27 d early

2020

11 d early

2019

7 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-144k▼ 293%

2024 · €-37k

2018: €-997k 2020: €93k 2021: €173k 2022: €263k 2023: €91k 2024: €-37k

2018 → 2025

Working capital

€11.52M▼ 1.3%

2024 · €11.67M

2018: €30.75M 2020: €11.41M 2021: €11.58M 2022: €11.87M 2023: €11.95M 2024: €11.67M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€11.34M-€11.60M▲ 2.3%€11.70M▲ 0.8%€11.66M▼ 0.3%€11.51M▼ 1.2%

Operating result€-30k-€65k€-86k€-167k▼ 94.1%€-233k▼ 39.5%

Net result€173k-€263k▲ 52.0%€91k▼ 65.5%€-37k€-144k▼ 293%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €233k in 2025 against €167k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €39.53M

29.1%

70.9%

Equity €11.51M ▼ 1.2%

Debt €28.01M =

Debt's share of the balance-sheet total rises from 70.6% to 70.9%. Equity is lower.

Key figures and ratios

2025 value · change against 2024

Current ratio

1.41▼

2024 · 1.42

Quick ratio

0.08▼

2024 · 0.13

Debt to equity

2.43▲

2024 · 2.40

ROE

-1.2%▼

2024 · -0.3%

ROA

-0.4%▼

2024 · -0.1%

Debt ≤ 1 year

€28.01M=

2024 · €28.01M

Income taxes

€0▲

2024 · €-109

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines

Balance sheet Code20242025

Assets

Total assets20/58€39.68M€39.53M▼

Current assets29/58€39.68M€39.53M▼

Stocks and contracts in progress3€36.11M€37.24M▲

Stocks30/36€36.11M€37.24M▲

Property held for sale35€36.11M€37.24M▲

Amounts receivable within one year40/41€3.51M€2.11M▼

Trade receivables40€89k€38k▼

Other amounts receivable41€3.43M€2.08M▼

Cash at bank and in hand54/58€52k€169k▲

Deferred charges and accrued income490/1€8k€8k▲

Equity and liabilities

Total equity and liabilities10/49€39.68M€39.53M▼

Equity10/15€11.66M€11.51M▼

Contributions10/11€8.24M€8.24M=

Capital10€8.24M€8.24M=

Issued capital100€8.24M€8.24M=

Reserves13€304k€304k=

Non-distributable reserves130/1€304k€304k=

Legal reserve130€304k€304k=

Profit (loss) carried forward14€3.12M€2.97M▼

Amounts payable17/49€28.02M€28.01M=

Amounts payable within one year42/48€28.01M€28.01M=

Financial debts43€28.00M€28.00M=

Credit institutions430/8€28.00M€28.00M=

Trade debts44€9k€8k▼

Suppliers440/4€9k€8k▼

Taxes, remuneration and social security45€0-

Taxes450/3€0-

Other amounts payable47/48€1k€1k=

Accrued charges and deferred income492/3€13k€3k▼

Income statement Code20242025

Operating income70/76A€169k€1.17M▲

Change in stocks of work in progress, finished goods and contracts in progress71-€1.13M

Other operating income74€169k€40k▼

Operating charges60/66A€336k€1.40M▲

Goods for resale, raw materials and consumables60-€1.13M

Purchases600/8€1.56M€1.13M▼

Change in stocks: decrease (increase)609€-1.56M€0▲

Services and other goods61€222k€156k▼

Other operating charges640/8€114k€117k▲

Operating profit (loss)9901€-167k€-233k▼

Financial income75/76B€149k€101k▼

Recurring financial income75€149k€101k▼

Income from current assets751€149k€101k▼

Other financial income752/9€0€0▼

Financial charges65/66B€19k€12k▼

Recurring financial charges65€19k€12k▼

Debt charges650€16k€12k▼

Other financial charges652/9€2k€633▼

Profit (loss) for the period before taxes9903€-37k€-144k▼

Income taxes67/77€-109€0▲

Taxes670/3€0-

Tax adjustments and reversals of tax provisions77€109€0▼

Profit (loss) for the period9904€-37k€-144k▼

Profit (loss) for the period to be appropriated9905€-37k€-144k▼

Appropriation of the result

Profit (loss) to be appropriated9906€3.12M€2.97M▼

Profit (loss) brought forward from the previous period14P€3.15M€3.12M▼

Transfer to equity691/2€0-

To the legal reserve6920€0-

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 43Financial 2Gazette 31Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

29-12

State Gazette act Reappointments: A³ MANAGEMENT (director) and PRICEWATERHOUSECOOPERS BEDRIJFSREVISOREN (statutory auditor)

Permanent representatives: Marnix Galle and Walgrave Damien4 facts ▸

Director reappointment, A³ MANAGEMENT (director)
Permanent representative, Marnix Galle
Auditor reappointment, PRICEWATERHOUSECOOPERS BEDRIJFSREVISOREN
Permanent representative, Walgrave Damien

21-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

24-01

State Gazette act Reappointment: Arfides NV (director)

Permanent representative: Paeleman Stefan · Power of attorney4 facts ▸

General meeting, 31-05-2024
Director reappointment, Arfides NV (director)
Permanent representative, Paeleman Stefan
Power of attorney, Allaert & Partners

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

31-12

Financial Highest result since 2018net €263k ▲52%

Operating result €65k, net result €263k, both a record.

14-12

State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren CV (statutory auditor)

Permanent representative: Damien Walgrave3 facts ▸

General meeting, 10-06-2022
Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren CV (statutory auditor)
Permanent representative, Damien Walgrave

04-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

State Gazette act Resignation: LOBOSAN BV (director)

Permanent representatives: Rob Ragoen and Olivier THIEL · Appointment: QUEEN-K BV (class B director) · Mandate compensation10 facts ▸

General meeting, 16-12-2021
Director resignation, LOBOSAN BV (director)
Permanent representative, Rob Ragoen
Director appointment, QUEEN-K BV (class B director)
Permanent representative, Olivier THIEL
Mandate compensation, QUEEN-K BV
Power of attorney, Jasmina Sadek
Power of attorney, Andries Bots
Power of attorney, Stefaan Van Dyck
Power of attorney, Luc Jong

20-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Back to profitnet €93k

Net result €93k after one loss-making year.

Show earlier events

20-10

State Gazette act Appointments: BV A³ Management, RES BV and 2 others

Permanent representatives: Marnix Galle, Bart Paeleman and 2 others · Resignations: Bart Paeleman, Jeff Cavens and 2 others · Mandate compensation17 facts ▸

Board meeting, 17-07-2019
General meeting, 10-07-2020
Director appointment, BV A³ Management (class B director)
Permanent representative, Marnix Galle
Director resignation, Bart Paeleman (director)
Director resignation, Jeff Cavens (director)
Director resignation, Dirk Cavens (director)
Director appointment, RES BV (class A director)
Permanent representative, Bart Paeleman
Director appointment, Duck NV (bestuurder categorie c)
Permanent representative, Jeff Cavens
Director appointment, Group Minerva NV (bestuurder categorie c)
+5 further facts in this act

25-09

State Gazette act Appointment: BV A2 Management (class B director)

Resignation: BV AHO Consulting (director) · Permanent representative: Marnix Galle4 facts ▸

Board meeting, 10-07-2020
Director appointment, BV A2 Management (class B director)
Director resignation, BV AHO Consulting (director)
Permanent representative, Marnix Galle

07-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 7 days late

31-01

State Gazette act Appointment: PricewaterhouseCoopers Bedrijfsrevisoren CVBA (statutory auditor)

Permanent representative: Damien Walgrave4 facts ▸

General meeting, 28-06-2019
Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative, Damien Walgrave
Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren CVBA (statutory auditor)

2019

05-12

State Gazette act Restructuring

Appointments: ARFIDES, R.E.S. and 5 others · Permanent representatives: PAELEMAN Stefan Michel Julien, PAELEMAN Bart Gustaaf Marc and 3 others · Demerger28 facts ▸

General meeting, 11-10-2019
Demerger, partielle splitsing door oprichting, 31-12-2018
Accounting effect, 01-01-2019
Net-asset statement, 31-12-2018
Real estate, Perceel grond genaamd "Gedeelte 2" ("Partie 2")
Share issue, B, 40
Share issue, A, 33
Share issue, C, 27
Power of attorney, RAGOEN Rob
Power of attorney, Rachid El-Bakkal
Power of attorney, Stefaan Van Dyck
Power of attorney, Andries Bots
+16 further facts in this act

21-10

State Gazette act Appointment: ARFIDES (director)

Permanent representative: Stefan Paeleman · Resignation: Bram Machtelinckx (director) · Mandate compensation7 facts ▸

General meeting, 28-06-2019
Board meeting, 30-09-2018
Director appointment, ARFIDES (director)
Permanent representative, Stefan Paeleman
Director resignation, Bram Machtelinckx (director)
Director appointment, ARFIDES (class A director)
Mandate compensation, ARFIDES

12-09

State Gazette act Resignation: AHO Consulting BVBA (class B director)

Appointment: A³ Management BVBA (class B director) · Permanent representative: Marnix Galle4 facts ▸

Board meeting, 17-07-2019
Director resignation, AHO Consulting BVBA (class B director)
Director appointment, A³ Management BVBA (class B director)
Permanent representative, Marnix Galle

05-08

State Gazette act Restructuring · Miscellaneous

Appointment: PricewaterhouseCoopers Bedrijfsrevisoren CVBA (statutory auditor) · Demerger · Accounting effect13 facts ▸

Demerger, partiële splitsing door oprichting van een nieuwe vennootschap
Accounting effect, 01-01-2019
Net-asset statement, 31-12-2018
Net-asset statement, 31-12-2018
Real estate, een deel van perceel gelegen te Brussel 3 sectie C nr. 819 D2 als aangeduid als "partie 2" op het verdelingsplan opgemaakt door landmeter S.E.T. op 11 juni 2019…
Share issue, op naam, 100
Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren CVBA
Shareholding, 40%
Shareholding, 60%
Share-exchange ratio, 1:1
Real estate, rechten en verplichtingen die de toekomstige ontwikkeling betreffen van het onroerend goed dat haar wordt overgedragen, in het bijzonder alle engagementen (ook…
Shareholders agreement, aandeelhoudersovereenkomst gesloten tussen de aandeelhouders van RAC 4 op 31 augustus 2017, die (mutatis mutandis) integraal zullen worden overgenomen
+1 further facts in this act

12-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

11-10

State Gazette act Resignations: JOG (class B director) and A MANAGEMENT (class B director)

Appointments: LOBOSAN (class B director) and AHO CONSULTING (class B director) · Permanent representatives: Rob Ragoen, Alexander Hodac and 2 others · Mandate compensation13 facts ▸

General meeting, 29-06-2018
Board meeting, 23-04-2018
Director resignation, JOG (class B director)
Director resignation, A MANAGEMENT (class B director)
Director appointment, LOBOSAN (class B director)
Director appointment, AHO CONSULTING (class B director)
Permanent representative, Rob Ragoen
Permanent representative, Alexander Hodac
Permanent representative, Jo Gielen
Permanent representative, Marnix Galle
Mandate compensation, LOBOSAN
Mandate compensation, AHO CONSULTING
+1 further facts in this act

10-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

06-06

State Gazette act Resignations: JOG (class B director) and A³ MANAGEMENT (class B director)

Permanent representatives: Jo Gielen, Rob Ragoen and 2 others · Appointments: LOBOSAN (class B director) and ANO CONSULTING (class B director)9 facts ▸

Board meeting, 23-04-2018
Director resignation, JOG (class B director)
Permanent representative, Jo Gielen
Director appointment, LOBOSAN (class B director)
Permanent representative, Rob Ragoen
Director resignation, A³ MANAGEMENT (class B director)
Permanent representative, Marnix Galle
Director appointment, ANO CONSULTING (class B director)
Permanent representative, Alexander Hodac

2017

29-11

State Gazette act Appointments: PAELEMAN Bart, MACHTELINCKX Bram and 4 others

Permanent representatives: GALLE Marnix and GIELEN Jo Raoul L. · Capital · Statutes amendment15 facts ▸

General meeting, 26-10-2017
Capital, €11.781.705,76
Statutes amendment
Statutes amendment
Director resignation, director
Director appointment, PAELEMAN Bart (bestuurder groep a)
Director appointment, MACHTELINCKX Bram (bestuurder groep a)
Director appointment, A³ MANAGEMENT (bestuurder groep b)
Permanent representative, GALLE Marnix
Director appointment, JOG (bestuurder groep b)
Permanent representative, GIELEN Jo Raoul L.
Director appointment, CAVENS Jeff Henri S. (bestuurder groep c)
+3 further facts in this act

08-09

State Gazette act Resignation: Jean-Louis Mazy (class B director)

Appointment: BVBA JOG (class B director) · Permanent representative: Jo Gieten · Mandate compensation6 facts ▸

Board meeting, 30/06/2017
Director resignation, Jean-Louis Mazy (class B director)
Director appointment, BVBA JOG (class B director)
Permanent representative, Jo Gieten
Mandate compensation, BVBA JOG
Board resolution, 23/01/2017

17-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

07-04

State Gazette act Resignation: Jean-Louis Mazy (class B director)

Appointment: JOG (class B director) · Permanent representative: Jo Gielen · Registered-office move5 facts ▸

Board meeting, 23-01-2017
Director resignation, Jean-Louis Mazy (class B director)
Director appointment, JOG (class B director)
Permanent representative, Jo Gielen
Registered-office move, Vorstlaan 292, 1160 Oudergem

17-02

State Gazette act Resignations: Hendrik G. Brouwer (class A director) and Jacco Verrmeij (class A director)

Appointments: Bram Machtelinckx (class A director) and Jeff Cavens (class A director) · Mandate compensation11 facts ▸

General meeting, 23-11-2016
Director resignation, Hendrik G. Brouwer (class A director)
Director resignation, Jacco Verrmeij (class A director)
Director appointment, Bram Machtelinckx (class A director)
Director appointment, Jeff Cavens (class A director)
Mandate compensation, Bram Machtelinckx
Mandate compensation, Jeff Cavens
Board composition, Bram Machtelinckx (director)
Board composition, Jeff Cavens (director)
Board composition, Nicolas Billen (director)
Board composition, Jean-Louis Mazy (director)

2016

25-11

State Gazette act Restructuring

Demerger · Accounting effect · Net-asset statement11 facts ▸

General meeting, 26-10-2016
Demerger, partielle splitsing, 1.121.664 aandelen categorie C in RAC 2 (51,03%)
Accounting effect, 01-06-2016
Net-asset statement, 31-05-2016
Capital decrease, €4.909.723,98
Capital, €11.781.705,76
Share issue, 100, integraal volstort
Share transfer, RAC 4 → FIREBIRD INVESTMENTS B.V.
Share transfer, RAC 4 → EUROSTATE INVESTMENT I B.V.
Share transfer, RAC 4 → IMMOBILIËN VENNOOTSCHAP VAN BELGIË
Statutes amendment

26-10

State Gazette act Appointment: Nicolas Billen (class B director)

Resignation: Christian Karkan (director) · Mandate compensation5 facts ▸

General meeting, 22-06-2016
Board meeting, 25-11-2015
Director appointment, Nicolas Billen (class B director)
Director resignation, Christian Karkan (director)
Mandate compensation, Nicolas Billen

11-10

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 21-09-2016
Registered-office move, Regentschapsstraat 58, 1000 Brussel

10-08

State Gazette act Restructuring

Appointment: Ernst & Young Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representative: Ömer Turna · Demerger12 facts ▸

Board meeting, 05-07-2016
Demerger, partieel, oprichting van een nieuwe vennootschap
Accounting effect, 01-06-2016
Net-asset statement, 31-05-2016
Share issue, op naam, 100
Auditor appointment, Ernst & Young Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative, Ömer Turna
Demerger transfer, 31-05-2016
Contract assignment, 29-02-2012
Exchange ratio, 1:1, Eén aandeel in RAC 4 zal recht geven op één aandeel in RAC 5 van de corresponderende categorie
Shareholders agreement, 18-06-2008
Tax treatment, BTW-Wetboek arts. 11 en 18 §3, 01-06-2016

07-06

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 21-04-2016
Registered-office move, Van Putlei 18, 2018 Antwerpen

05-01

State Gazette act Resignation: Christian Karkan (class B director)

Appointment: Nicolas Billen (class B director) · Mandate compensation4 facts ▸

Board meeting, 25-11-2015
Director resignation, Christian Karkan (class B director)
Director appointment, Nicolas Billen (class B director)
Mandate compensation, Nicolas Billen

2015

15-06

State Gazette act Appointment: Jacco Vermeij (class A director)

Reappointments: Hendrik G. Brouwer, Christian Karkan and 2 others · Permanent representative: Omer Tuma · Resignation: Theo Uffing (class A director)11 facts ▸

General meeting, 02-06-2015
Board meeting, 05-12-2014
Director appointment, Jacco Vermeij (class A director)
Mandate compensation, Jacco Vermeij
Director reappointment, Hendrik G. Brouwer (class A director)
Director reappointment, Christian Karkan (class B director)
Director reappointment, Jean-Louis Mazy (class B director)
Mandate compensation, Hendrik G. Brouwer
Auditor reappointment, Ermst & Young Bedrijfsrevisoren
Permanent representative, Omer Tuma
Director resignation, Theo Uffing (class A director)

24-02

State Gazette act Resignation: Theodorus F.A. Uffing (class A director)

Appointments: Jacco Vermeij (class A director) and Hendrik G. Brouwer (chair of the board) · Mandate compensation5 facts ▸

Board meeting, 05-12-2014
Director resignation, Theodorus F.A. Uffing (class A director)
Director appointment, Jacco Vermeij (class A director)
Mandate compensation, Jacco Vermeij
Director appointment, Hendrik G. Brouwer (chair of the board)

2014

01-09

State Gazette act Resignation: Philippe Provost (member of the executive committee)

2 facts ▸

Board meeting, 12-05-2014
Director resignation, Philippe Provost (member of the executive committee)

2012

13-09

State Gazette act Reappointment: Emst & Young bedrijfsrevisoren (statutory auditor)

Permanent representative: Omer Tuma · Mandate compensation4 facts ▸

General meeting, 31-05-2012
Auditor reappointment, Emst & Young bedrijfsrevisoren
Permanent representative, Omer Tuma
Mandate compensation, Emst & Young bedrijfsrevisoren

12-03

State Gazette act Miscellaneous

General meeting1 fact ▸

General meeting, 15-02-2012

10-02

State Gazette act Restructuring

13-01

State Gazette act Purpose · Statutes amendment

Purpose change · Statutes amendment · Net-asset statement4 facts ▸

General meeting, 23-12-2011
Purpose change, Wijziging (uitbreiding) van het maatschappelijk doel
Statutes amendment
Net-asset statement, 30-09-2011

2010

06-04

State Gazette act Appointments: Philippe Provost (member of the executive committee) and Jean-Louis Mazy (member of the executive committee)

Mandate compensation · Power of attorney9 facts ▸

Board meeting, 14-12-2009
Director appointment, Philippe Provost (member of the executive committee)
Director appointment, Jean-Louis Mazy (member of the executive committee)
Mandate compensation, Philippe Provost
Mandate compensation, Jean-Louis Mazy
Power of attorney, Theodorus F.A. Uffing
Power of attorney, Philippe Provost
Power of attorney, Gaëtan Piret
Power of attorney, Piere Delhaise

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

20 directors, no change since 2025

A³ Management

Director · since 01-07-2025 · Legal entity · perm. rep.: Marnix Galle

Current

Arfides NV

Director · since 01-09-2024 · Legal entity · perm. rep.: Paeleman Stefan

Current

QUEEN-K

Class B director · since 16-12-2021 · Private limited company · perm. rep.: Olivier THIEL

Current

A³ Management BV

Class B director · since 10-07-2020 · Legal entity · perm. rep.: Marnix Galle

Current

Duck NV

Bestuurder categorie c · since 10-07-2020 · Legal entity · perm. rep.: Jeff Cavens

Current

Group Minerva NV

Bestuurder categorie c · since 10-07-2020 · Legal entity · perm. rep.: Dirk Cavens

Current

14 other directors

RES BV

Class A director · since 10-07-2020 · Legal entity · perm. rep.: Bart Paeleman

Current

Arfides

Class A director · since 11-10-2019 · Public limited company · perm. rep.: PAELEMAN Stefan Michel Julien

Not recently confirmed

Lady At Work

Class B director · since 11-10-2019 · Private limited company · perm. rep.: DE WILDE Stephanie Rosa Hubert Aline

Not recently confirmed

LOBOSAN

Class B director · since 11-10-2019 · Private limited company · perm. rep.: RAGOEN Rob

Not recently confirmed

REAL ESTATE SOLUTIONS

Class A director · since 11-10-2019 · Private limited company · perm. rep.: PAELEMAN Bart Gustaaf Marc

Not recently confirmed

Arfides

Class A director · since 01-09-2018 · Legal entity · perm. rep.: Stefan Paeleman

Not recently confirmed

A³ MANAGEMENT

Class B director · since 26-10-2017 · Private limited company · perm. rep.: GALLE Marnix

Not recently confirmed

AHO Consulting

Class B director · since 29-06-2018 · Legal entity · perm. rep.: Alexander Hodac

Not recently confirmed

LOBOSAN

Class B director · since 23-04-2018 · Legal entity · perm. rep.: Rob Ragoen

Not recently confirmed

ANO CONSULTING

Class B director · since 23-04-2018 · Legal entity · perm. rep.: Alexander Hodac

Not recently confirmed

JOG

Bestuurder groep b · since 31-12-2016 · Private limited company · perm. rep.: Jo Gielen

Not recently confirmed

JOG bvba

Class B director · since 30-06-2017 · Legal entity · perm. rep.: Jo Gieten

Not recently confirmed

Nicolas Billen

Class B director · since 01-12-2015

Not recently confirmed

Jacco Vermeij

Class A director · since 19-12-2014

Not recently confirmed

01-07-2025 A³ Management: Mandate renewed as Director

01-09-2024 Arfides NV: Mandate renewed as Director

16-12-2021 QUEEN-K: Appointed as Class B director

28-10-2021 LOBOSAN BV: Resigned as Director

10-07-2020 A³ Management BV: Appointed as Class B director

Full history in the Timeline (58 changes) →

Location & real-estate footprint

Registered office, Oudergem · 1 establishment unit since 2009

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vorstlaan 2921160 Oudergem

Ground area

2,655 m²

Building footprint

1,218 m²

Volume, LiDAR

24,650 m³

Parcel 21332B0289/00R003, Brussels · tallest building 25.9 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

RAC 4

Vorstlaan 292, 1160 OudergemHoldings

since 20092.182.778.231

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21332B0289/00R003	Brussels	2,655 m²	1 · 1,218 m²	25.9 m · 7 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

PricewaterhouseCoopers, BedrijfsrevisorenCurrent

Auditor · represented by Walgrave Damien

31-05-2025 → present

Show 4 earlier auditors

Emst & Young Bedrijfsrevisoren Auditor · represented by Omer Tuma succeeded by Ermst & Young Bedrijfsrevisoren in 2015	31-05-2012 → 02-06-2015
Ermst & Young Bedrijfsrevisoren Auditor · represented by Omer Tuma succeeded by Ernst & Young Bedrijfsrevisoren CVBA in 2016	02-06-2015 → 29-07-2016
Ernst & Young Bedrijfsrevisoren CVBA Statutory auditor · represented by Ömer Turna succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2019	29-07-2016 → 28-06-2019
PricewaterhouseCoopers Reviseurs d'Entreprises Statutory auditor · represented by Damien Walgrave succeeded by PricewaterhouseCoopers, Bedrijfsrevisoren in 2025	28-06-2019 → 31-05-2025

Articles of association

Purpose

Verwerving, inschrijving, overdracht, verkoop of elke andere gelijkaardige handeling van alle verhandelbare waardepapieren, aandelen, effecten, obligaties, inschrijvingsrechten…

Full purpose

Verwerving, inschrijving, overdracht, verkoop of elke andere gelijkaardige handeling van alle verhandelbare waardepapieren, aandelen, effecten, obligaties, inschrijvingsrechten, staatsobligaties, of iedere roerende of onroerende rechten, inclusief intellectuele rechten. ... het verrichten van alle vastgoedtransacties en, in het bijzonder, de ontwikkeling, de aankoop, het beheer, de inrichting, de verkoop en de verhuring van onroerende goederen voor elgen rekening en voor rekening van derden (inclusief van alle activa die zich bevinden op de site genoegzaam gekend als het "RIJKS ADMINISTRATIEF CENTRUM" of "RAC"...)

according to the deed of 05-12-2019

Structure & network

Connections & network

26 connected companies

Shared directors

Linked via shared directors

Centre de Services et d'Aide à Domicile

Shared director

→

DUCK

Shared director

→

ESPACE TRIANON

Shared director

→

LEOVILLE HOLDING

Shared director

→

Show 22 more companies with a shared director

LEOVILLE PROPERTIES

Shared director

→

Panem et Laborem

Shared director

→

REAL ESTATE SOLUTIONS

Shared director

→

"IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE " OU " IMMOBILIEN VENNOOTSCHAP VAN BELGIE"

Shared corporate director

→

ARCATERRA

Shared corporate director

→

BROUCKERE TOWER INVEST

Shared corporate director

→

CITYZEN HOLDING

Shared corporate director

→

CITYZEN HOTEL

Shared corporate director

→

CITYZEN OFFICE

Shared corporate director

→

CSM Development

Shared corporate director

→

EMPEREUR FROISSART

Shared corporate director

→

Immo Van Craen

Shared corporate director

→

Immo-Puyhoek

Shared corporate director

→

Lebeau Residential

Shared corporate director

→

Lotinvest Development

Shared corporate director

→

MONTAGNE RESIDENTIAL

Shared corporate director

→

Möbius Construct

Shared corporate director

→

Plateau d’Erpent

Shared corporate director

→

PROJECT BESSENVELD

Shared corporate director

→

Square des Héros

Shared corporate director

→

URBAN LIVING BELGIUM

Shared corporate director

→

URBAN LIVING PROJECT MANAGEMENT

Shared corporate director

→

Acquisitions and mergers

2 transactions

Split off to:RAC 6

partial demerger · State Gazette act of 05-12-2019 (2 acts) · effective 01-01-2019

Split off to:RAC 5

partial demerger · State Gazette act of 25-11-2016 (2 acts)

Capital and shareholders

Shareholders according to the acts

Stated in the act act of 05-08-2019 ↗

IMMOBILIËN VENNOOTSCHAP VAN BELGIË NV (BE 0405.966.675) 40%
ONLY LAND NV (BE 0827.487.895) 60%

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

05-12-2019 Capital reduction of 3,542,434.18 EUR · to 8,239,271.58 EUR
29-11-2017 Capital stated in the act · 11,781,705.76 EUR · 100 shares
25-11-2016 Capital reduction of 4,909,723.98 EUR · to 11,781,705.76 EUR · in a demerger

Similar companies · same sector, comparable size

MCA Facilities

BE 0435.390.141

Antwerpen · Eq €11.49M

Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 1,736 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded13-10-2009

Fiscal year end31-12

Activities, NACEBEL 2025

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.