CAPTRACK
ActiveSummary
CAPTRACK has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,856 and a net result of -€21,617. Equity is shrinking by about 3.3% per year across the filed financial years. Its solvency ranks better than 70% of 327 sector peers (NACE 61, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €32,856
- Loss
- -€21,617
- Parent
- MAB Consult & Invest · 100%
- BRASSEUR LaurentDirector
Why 70raises riskLoss of €21,617 (financial year 2025)Sector: Telecommunications (NACE 61)lowers riskLiquidity: current ratio 2.68, cash €15,492Founded in 1994Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 61, micro): better than 73% on solvency, 72% on liquidity, 34% on profitability and 16% on growth.
The bankruptcy probability was computed on 23-10-2026 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
This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 61) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than triplescurrent ratio 2.68
- Resignation: VAN UFFELEN Saskia Josepha Maria…Appointment: BRASSEUR Laurent (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (14 days) Filed on 14 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00568706.
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 113% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 61, Telecommunications: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,835 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,835 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €282,573 | €228,352 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €1,227 | - | - |
| Remuneration, social security and pensions62 | - | - | €45,374 | €37,482 | €944 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,200 | €9,033 | €13,956 | €15,434 | €9,541 | €8,129 | ▼ 14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,920 | - | - |
| Other operating charges640/8 | - | - | - | €413 | €1,535 | - | - |
| Gross operating margin9900 | €80,190 | €24,481 | €21,190 | €72,000 | €35,983 | €48,650 | ▲ 35.2% |
| Operating profit (loss)9901 | €58,663 | €9,747 | -€38,140 | €18,672 | €19,043 | €40,520 | ▲ 113% |
| Financial income75/76B | - | - | - | - | €225 | - | - |
| Recurring financial income75 | - | - | - | - | €225 | - | - |
| Financial charges65/66B | - | - | €50 | €74 | €174 | €62,137 | ▲ 35,558% |
| Recurring financial charges65 | €129 | €85 | €50 | €74 | €174 | €55 | ▼ 68.4% |
| Non-recurring financial charges66B | - | - | - | - | - | €62,082 | - |
| Profit (loss) for the period before taxes9903 | €58,534 | €9,612 | -€38,190 | €18,598 | €19,093 | -€21,617 | - |
| Income taxes67/77 | - | - | - | - | €110 | - | - |
| Profit (loss) for the period9904 | €58,534 | €9,612 | -€38,190 | €18,598 | €18,983 | -€21,617 | - |
| Profit (loss) for the period to be appropriated9905 | €58,534 | €9,612 | -€38,190 | €18,598 | €18,983 | -€21,617 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €130,164 | €158,396 | €172,637 | €135,447 | €126,298 | €51,015 | ▼ 59.6% |
| Fixed assets21/28 | €23,396 | €80,435 | €100,069 | €84,635 | €72,499 | €2,288 | ▼ 96.8% |
| Intangible fixed assets21 | €20,800 | €14,400 | €11,396 | €4,228 | €1,860 | €1,092 | ▼ 41.3% |
| Tangible fixed assets22/27 | - | €63,439 | €86,078 | €77,812 | €70,639 | €1,196 | ▼ 98.3% |
| Land and buildings22 | - | - | €84,306 | €76,696 | €70,116 | €939 | ▼ 98.7% |
| Plant, machinery and equipment23 | - | - | €716 | €326 | - | - | - |
| Furniture and vehicles24 | - | - | €1,056 | €790 | €523 | €257 | ▼ 51.0% |
| Financial fixed assets28 | €2,596 | €2,596 | €2,596 | €2,596 | - | - | - |
| Current assets29/58 | €106,768 | €77,962 | €72,568 | €50,812 | €53,799 | €48,727 | ▼ 9.4% |
| Stocks and contracts in progress3 | €5,137 | €6,128 | €11,217 | €8,346 | €7,460 | €7,460 | = |
| Stocks30/36 | - | - | €11,217 | €8,346 | €7,460 | €7,460 | = |
| Amounts receivable within one year40/41 | €37,749 | €44,503 | €41,353 | €26,786 | €24,142 | €25,776 | ▲ 6.8% |
| Trade receivables40 | - | - | €35,896 | €26,786 | €24,142 | €25,776 | ▲ 6.8% |
| Other amounts receivable41 | - | - | €5,457 | - | - | - | - |
| Cash at bank and in hand54/58 | €63,543 | €27,046 | €16,708 | €14,510 | €21,658 | €15,492 | ▼ 28.5% |
| Deferred charges and accrued income490/1 | - | - | €3,289 | €1,171 | €540 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €130,164 | €158,396 | €172,637 | €135,447 | €126,298 | €51,015 | ▼ 59.6% |
| Equity10/15 | €45,470 | €55,082 | €16,892 | €35,490 | €54,473 | €32,856 | ▼ 39.7% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €6,202 | €6,202 | €6,202 | €6,202 | €6,202 | €6,202 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | €2 | €2 | €2 | €2 | = |
| Profit (loss) carried forward14 | -€60,732 | -€51,120 | -€89,310 | -€70,712 | -€51,729 | -€73,345 | ▼ 41.8% |
| Amounts payable17/49 | €84,694 | €103,315 | €155,745 | €99,957 | €71,825 | €18,159 | ▼ 74.7% |
| Amounts payable within one year42/48 | €22,127 | €60,116 | €123,004 | €76,375 | €71,825 | €18,159 | ▼ 74.7% |
| Current portion of amounts payable after more than one year42 | - | - | €25,000 | €20,000 | €15,000 | €12,226 | ▼ 18.5% |
| Trade debts44 | €19,712 | €11,934 | €15,869 | €12,640 | €20,360 | €5,876 | ▼ 71.1% |
| Suppliers440/4 | - | - | €15,869 | €12,640 | €20,360 | €5,876 | ▼ 71.1% |
| Taxes, remuneration and social security45 | - | - | €10,279 | €6,844 | €472 | €56 | ▼ 88.1% |
| Taxes450/3 | - | - | €652 | €4,930 | €472 | €56 | ▼ 88.1% |
| Remuneration and social security454/9 | - | - | €9,628 | €1,914 | - | - | - |
| Other amounts payable47/48 | - | - | €71,856 | €36,891 | €35,992 | - | - |
| Accrued charges and deferred income492/3 | - | - | €32,741 | €23,583 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,534 | €9,612 | -€38,190 | €18,598 | €18,983 | -€21,617 | - |
| + Depreciation and write-downs630 | €11,200 | €9,033 | €13,956 | €15,434 | €9,541 | €8,129 | ▼ 14.8% |
| Operating cash flow (approximation) | €69,734 | €18,645 | -€24,233 | €34,032 | €28,524 | -€13,487 | - |
| Investment in fixed assets (approximation) | - | -€66,072 | -€33,591 | €0 | €2,596 | €62,082 | ▲ 2,292% |
| Change in cash | - | -€36,498 | -€10,338 | -€2,198 | €7,148 | -€6,166 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 14-11-2025 | 2025-00568706 |
| 31-03-2024 | micro format | 26-07-2024 | 2024-00327687 |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00502946 |
| 31-03-2022 | micro format | 22-10-2022 | 2022-20469939 |
| 31-03-2021 | micro format | 02-11-2021 | 2021-75700047 |
| 31-03-2020 | micro format | 30-12-2020 | 2020-77600418 |
| 30-06-2018 | micro format | 15-01-2019 | 2019-01600027 |
| 30-06-2017 | full format | 28-02-2018 | 2018-06300075 |
| 30-06-2016 | full format | 28-02-2017 | 2017-05600014 |
| 30-06-2015 | full format | 30-05-2016 | 2016-14200297 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BRASSEUR Laurent |
|
| Saskia Van Uffelen |
|
Owners and capital
Owners
1 ownerChain of control
- MAB Consult & Invest
- CAPTRACK
Highest known parent: MAB Consult & Invest. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 04-12-2024 Converted to unavailable equity · €100,000
Group and network
Connections & network
12 connected companiesShow 8 more companies with a shared director
History
Acts, filings and financial milestones
04-12
Gazette deed
Resignation: VAN UFFELEN Saskia Josepha Maria (director)Appointment: BRASSEUR Laurent (director) · Amendment of the articles · Director discharge11 facts ▸
- General meeting, 29-11-2024
- Amendment of the articles (2 times)
- Director resignation, VAN UFFELEN Saskia Josepha Maria (director)
- Director discharge, VAN UFFELEN Saskia Josepha Maria
- Director appointment, BRASSEUR Laurent (director (not named in the articles))
- Registered office clause, “1070 Anderlecht, Allée de la Recherche”, 12 (deed in French)
- Other provision, “toute communication vers cette adresse par actionnaires, titulaires titres émis, titulaires certificats émis avec collaboration réputée intervenue valablement,…” (deed in French)
- Other provision, “coordination des statuts, assurer dépôt au dossier société” (deed in French)
- Other provision, “toutes décisions prises à unanimité voix, clôture” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
04-03
Gazette deed
Appointment: Saskia Van Uffelen (director)Director discharge3 facts ▸
- General meeting, 21-02-2024
- Director appointment, Saskia Van Uffelen (director)
- Director discharge, Pierre Dontaine (director)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21307F0170/00A003 | Brussels | 2,276 m² | 1 · 1,024 m² | 22.9 m · 5 |
| 61076B0364/00N005 | Wallonia | 807 m² | 1 · 512 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’étude, l’intervention, le développement, la fabrication, la construction, la promotion, l’achat, l’installation, l’entretien et la…” (deed in French)
9 activities (deed in French)
- L’étude, l’intervention, le développement, la fabrication, la construction, la promotion, l’achat, l’installation, l’entretien et la réparation de tous objets, engins et appareils électriques, électroniques, optiques, mécaniques ou hydrauliques généralement quelconques et de tous accessoires et tous logiciels nécessaires à la commercialisation d’applications infrarouges ;
- La recherche, la création, l’acquisition, l’exploitation et la gestion pour son compte ou pour le compte de tiers, de toutes activités ou entreprises de production de matériaux et de systèmes utilisant ceux-ci, ainsi que la conception, l’étude, la construction, l’approvisionnement, la mise en marche et l’expertise d’installations de sécurité et de traçage basé sur la technologie infrarouge ou non ;
- Le commerce des produits résultant de telles activités ainsi que du matériel et des approvisionnements destinés à la fabrication de ces produits, de même que toutes opérations, pour compte propre ou pour compte de tiers, relatives au commerce, à l’entreposage, la manutention et au transport de tous produits.
- Elle peut prester tous services mettant en œuvre les moyens dont elle dispose pour réaliser son objet.
- Elle peut inventer, prendre et exploiter tous brevets se rapportant directement et accessoirement à son industrie ; elle peut également acquérir par achat, apport ou de toute autre manière, de semblables brevets ou licences et les exploiter.
- Elle peut exercer toutes activités immobilières sous quelque forme juridique que ce soit en ce compris l’achat, la vente, la location, l’affermage, l’émission de certificats de rente immobilière ou de certificats fonciers ou la gestion d’immeubles.
- Elle peut faire toutes opérations industrielles, financières et commerciales se rattachant directement ou indirectement aux objets énoncés ci-dessus et notamment demander, acquérir ou céder toutes concessions.
- Outre les activités décrites dans les alinéas qui précèdent, la société a également pour objet de s’intéresser par voie d’apport, de fusion, d’absorption, de souscription, de participation ou de toute autre manière et de prêter plus généralement son concours financier sous quelque forme que ce soit, à toute entreprise, association ou société ayant un objet similaire ou connexe ou de nature à favoriser la réalisation de son objet.
- La société peut réaliser son objet, en Belgique et à l’étranger, directement ou indirectement, en son nom ou pour compte de tiers, seule ou en associations, établissements dans lesquels elle détient un intérêt.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CAPTRACK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, organe d’administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Applicable à tous cas de cessions entre vifs, à titre onéreux ou gratuit, volontaires ou forcées (exclusion et retrait), en usufruit…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions-droit de préférence, courrier électronique ou courrier ordinaire pour sans adresse…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Délibérant formes prévues modifications statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)