Losses
-€53,227 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
RACSO
Lifetime
11 annual accounts with figures on one time axispeak €1.1m (2023)
€250,051▼ 13.3%
lowest -€48,079 (2017)
-€35,975▼ €18,722
peak €650,745 (2023)
€592,796▼ 5.7%
€2.1m▼ 9.1%
peak 0.6 FTE (2017)
-not published
Board7 names since 2015
1 director
Documentsfilings and deeds
22-10-202683 days late
2025micro format
Gross margin from €288,298 to €250,051Loss of €35,975Cash from €156,440 to €90,967
Key points
from the 2025 annual accountsDebts
€2.1m 73% of the balance sheet
Financial debts 87%Suppliers 0%Taxes and wages 1%Other 12%
Of this, €272,403 falls due within a year.
Filings
11 annual accounts 83 days
Latest accounts filed late: after the legal deadline.
At the same address
20 companies
Board
2 joined · 1 left
Board changed. Latest change 22-10-2026 · 2 in office.
Position in the sector
-€35,975
Lower net result than 88% of companies in real estate. Sector median €5,854 · 19,790 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as RACSO has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for RACSO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
2 directors appointed, 1 resignation
Appointments: and · Permanent representatives: and · Resignation: · General meeting of 22-10-2026 · Gazette deed
Amendment of the articles
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0547933204
3 directors appointed, 1 resignation
Resignation: (successeur de l’administrateur statutaire) · Appointments: (successeur de l’administrateur statutaire), (statutory director) and (statutory director) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RACSO Charleroi | €2.9m | €250,051 | 20.5% | - |
| La Manufacture de Malmedy Malmedy | €3.1m | €248,487 | 19.2% | - |
| TGW IMMO Dilsen-Stokkem | €3.0m | €239,130 | 10.0% | - |
| PPI Real Estate Namur | €2.7m | €240,054 | 17.1% | - |
| AUCUBA Ghent | €3.0m | €214,714 | 4.5% | 1.3 |
| SMETCO INVEST Waasmunster | €3.2m | €249,347 | 58.8% | - |
| M & S IMMO Sint-Genesius-Rode | €2.6m | €286,625 | 4.0% | - |
These companies have the same main activity as RACSO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2.6m and €3.2m, founded between 2013 and 2015.
Official details
Source: KBO- Status
- Active since 14-03-2014Normal situation
- Registered office
- 21 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.227.897.2856043 Charleroi, since 01-04-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 20-04-2026
Annual accounts 2025
- ≈ €440,000estimated
- €2.9m▼ 8.1%
- ≈ 0.6 FTEestimated
- Filing
- Filed on 22-10-2026
Insights on RACSO
RACSO files the micro format. That format states no turnover. The gross margin rose from -€17,235 in 2015 to €250,051 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RACSO
- What is the company number of RACSO?
- The company number of RACSO is 0547.933.204. The VAT number is the same number with BE in front: BE 0547.933.204.
- Where is RACSO based?
- The registered office is at Rue Gaston Durvaux 52, 6043 Charleroi.Company details
- What does RACSO do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of RACSO?
- RACSO is a private limited company (BV).
- When was RACSO founded?
- RACSO was founded on 14-03-2014.
- Is RACSO still active?
- Yes, RACSO is an active enterprise in the KBO register.
- How many employees does RACSO have?
- RACSO had an average of 1.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does RACSO fall under?
- In its 2025 annual accounts, RACSO states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of RACSO?
- The turnover in financial year 2025 is ≈ €440,000. This figure is estimated from the gross margin of €250,051 and 43 comparable companies (NACE 681). It probably lies between €330,000 and €730,000.
- Is RACSO profitable?
- In financial year 2025, RACSO made a loss of €35,975.
- Where can I find the annual accounts of RACSO?
- RACSO filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RACSO due?
- RACSO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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