RAC Projects
RAC Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146k and a net result of €301. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 8862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €146k |
| Net result | €301 |
| Better than sector | 32% |
| Active | 7 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.9% | 31.5% | |
| Net result | €301 | €11k | |
| Equity | €146k | €331k | |
| Gross operating margin | €48k | €93k | |
| Total assets | €1.13M | €1.42M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €47k | €181k | €84k | €50k | €61k |
| Net profit | €301 | €62k | €20k | €22k | €33k |
| Cash flow | €11k | €74k | €34k | €36k | €47k |
| Staff costs | - | - | - | - | €0 |
| Income taxes | €373 | €21k | €6k | €5k | €8k |
| Dividends | - | - | - | - | - |
| Total assets | €1.13M | €546k | €1.46M | €673k | €524k |
| Equity | €146k | €145k | €84k | €64k | €42k |
| Debt | €982k | €401k | €1.37M | €609k | €481k |
| of which ≤ 1y | €739k | €106k | €900k | €281k | €112k |
| of which > 1y | €231k | €295k | €465k | €328k | €370k |
| Working capital | €180k | €222k | €332k | €150k | €190k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.24 | 3.10 | 1.37 | 1.53 | 2.71 |
| Quick ratio | 0.03 | 2.94 | 0.02 | 0.52 | 0.44 |
| Working capital ratio | 16.0% | 40.6% | 22.8% | 22.3% | 36.3% |
| Solvency | 12.9% | 26.6% | 5.7% | 9.5% | 8.1% |
| Debt / equity | 6.74 | 2.76 | 16.43 | 9.52 | 11.33 |
| Long-term debt ratio | 1.58 | 2.03 | 5.56 | 5.12 | 8.70 |
| Interest coverage | 1.25 | 2.09 | 1.91 | 6.03 | 11.24 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.0% | 11.3% | 1.4% | 3.2% | 6.3% |
| ROE | 0.2% | 42.5% | 23.5% | 33.6% | 77.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.13M | €546k | €1.46M | €673k | €524k |
| Fixed assets | 21/28 | €208k | €219k | €227k | €241k | €222k |
| Tangible fixed assets | 22/27 | €208k | €219k | €227k | €241k | €222k |
| Current assets | 29/58 | €919k | €327k | €1.23M | €432k | €302k |
| Stocks & contracts in progress | 3 | €899k | €17k | €1.22M | €286k | €253k |
| Amounts receivable within one year | 40/41 | €7k | €48k | €9k | €67k | €46k |
| Cash & bank | 54/58 | €13k | €262k | €6k | €53k | €3k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.13M | €546k | €1.46M | €673k | €524k |
| Equity | 10/15 | €146k | €145k | €84k | €64k | €42k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €140k | €139k | €77k | €58k | - |
| Accumulated profits (losses) | 14 | - | - | - | - | €36k |
| Amounts payable | 17/49 | €982k | €401k | €1.37M | €609k | €481k |
| Amounts payable after one year | 17 | €231k | €295k | €465k | €328k | €370k |
| Amounts payable within one year | 42/48 | €739k | €106k | €900k | €281k | €112k |
| Trade debts payable within one year | 44 | €9k | €25k | €34k | €28k | €14k |
| Income statement | ||||||
| Gross operating margin | 9900 | €48k | €184k | €86k | €50k | €62k |
| Operating result | 9901 | €36k | €168k | €69k | €35k | €47k |
| Financial income | 75 | €2k | €2k | €38 | €100 | €72 |
| Financial charges | 65 | €37k | €87k | €44k | €8k | €5k |
| Result before taxes | 9903 | €673 | €83k | €25k | €27k | €41k |
| Income taxes | 67/77 | €373 | €21k | €6k | €5k | €8k |
| Net result for the period | 9904 | €301 | €62k | €20k | €22k | €33k |
| Result to be appropriated | 9905 | €301 | €62k | €20k | €22k | €33k |
Former directors (1)
-
Meersman RobDirectorState Gazette act 23002309 (05-01-2023)Former- → 01-10-2022
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 07-03-2019 |
| Status | Active |
| Postal code | 9000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3634/00G002 | Flanders | 486 m² | 1 · 288 m² | 15.3 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
05-01-2023 Meersman Rob resigns as director
- Meersman Rob, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Meersman Rob",
"address": null,
"birth_date": null,
"profession": null,
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},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2022-10-01",
"evidence_quote": "Op de buitengewone algemene vergadering van 05/10/2022 werd beslist om per 01/10/2022 volgende bestuurder te ontslaan: - De Heer Meersman Rob",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-01-05",
"filing_date": "2022-12-22",
"act_kind_objet": "ONTSLAG BESTUURDER"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2022-10-05",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0721.970.307",
"name_full": "RAC PROJECTS",
"legal_form": "BESLOTEN VENNOOTSCHAP"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Proost Christine",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | RAC Projects |