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RAC 4

Active
Public limited companyfounded 2009active for 17 yearsVorstlaan 292, 1160 Oudergem, Belgium36 active companies are registered at this addressKBO/BCE: BE 0819.593.481
Summary

RAC 4 has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.5m and a net result of -€143,921. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 42% of 5,786 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
RAC 4ActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
10th largest company by total assets in Oudergem, Real estate sector1 site
Size
€39.5mtotal assets 2025
Equity
€11.5m
Loss
-€143,921
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Triple Living Holding NV
  • Arfides NVDirector · permanent representative Paeleman Stefan
  • A³ ManagementDirector · permanent representative Marnix Galle
  • QUEEN-KDirector · permanent representative Olivier THIEL
Auditor: PricewaterhouseCoopers, Bedrijfsrevisoren2025 accounts 28 days early
Why 92raises riskLiquidity: current ratio 1.41, cash €168,638lowers riskSize: total assets €39.5mFigures for financial year 2025 (filed 03-07-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 33% of its sector peers (NACE 68, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 54=
equity 29.1% of total assets
Liquidity 12=
short-term debt 70.9% · cash 0.4%
Profitability 37=
return on assets -0.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,721 companies, NACE 68, medium-sized)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €1,050,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.41, compared with 1.42 in 2024, below the usual 1.5; short-term debt: 70.9% and cash: 0.4% of total assets), and 70.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized): better than 52% on solvency, 11% on liquidity, 36% on profitability and 35% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €39.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.41, cash €168,638
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 03-07-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · 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 days early
2024
10 days early
2023
on the day
2022
30 days late
2021
27 days early
2020
11 days early
2019
7 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointments: A³ MANAGEMENT (director) and PRICEWATERHOUSECOOPERS…Power of attorney
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: Result fell in 2025from -€36,637 to -€143,921 ▼ 293% View
  • Caution: Among the weakest 15% on net resultsector median €20,406 · 5,793 companies -€143,921 View
  • Controlled by Triple Living Holding NVknown shareholders 73% parent View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€143,921 View

By topic

Financials

Financial year
2025
Total assets
€39.5m
Loss
-€143,921
Solvency
29.1%
Total assets▼ 0.4%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
Triple Living Holding NV
Known shareholders
73%
Auditor
PricewaterhouseCoopers, Bedrijfsrevisoren
  • Arfides NVDirector
  • A³ ManagementDirector
  • QUEEN-KDirector
Go to Board & ownership

Timeline

Events
50
Since
2010
Next accounts
by 31-07-2027
  1. 24-01-2025Reappointment: Arfides NV (director)
  2. 31-07-2024Annual accounts filed
  3. 30-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
13-10-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“Verwerving, inschrijving, overdracht, verkoop of elke andere gelijkaardige handeling van…” (deed in Dutch)
Go to Articles of association

Key facts about RAC 4

What is the company number of RAC 4?
0819.593.481. In Belgium the VAT number is the company number with BE in front: BE 0819.593.481.
Where is RAC 4 based?
The registered office is at Vorstlaan 292, 1160 Oudergem.Company details
What does RAC 4 do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of RAC 4?
Public limited company (NV).
When was RAC 4 founded?
On 13-10-2009.
Is RAC 4 still active?
Yes, RAC 4 is an active enterprise in the KBO register.
What is the turnover of RAC 4?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is RAC 4 profitable?
In financial year 2025, RAC 4 made a loss of €143,921.
Where can I find the annual accounts of RAC 4?
RAC 4 filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RAC 4 due?
By 31-07-2027, for financial year 2026.Timeline

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