ETRACON
Open bankruptcyA bankruptcy procedure is open for ETRACON according to publications in the Belgian State Gazette; curator: LAURA DE COSTER. The 2025 annual accounts show equity of €202k and a net result of €16k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
32 d early
2022
3 d early
2021
2 d early
2019
42 d late
2018
5 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€202k▲ 8.6%
2024 · €186k
2019: €219k
2021: €148k
2022: €152k
2023: €170k
2024: €186k
2019 → 2025
Total assets
€450k▼ 17.3%
2024 · €544k
2019: €1.87M
2021: €978k
2022: €610k
2023: €978k
2024: €544k
2019 → 2025
Net result
€16k▼ 1.7%
2024 · €16k
2019: €-137k
2021: €28k
2022: €5k
2023: €18k
2024: €16k
2019 → 2025
Working capital
€378k▼ 3.5%
2024 · €391k
2019: €214k
2021: €146k
2022: €152k
2023: €405k
2024: €391k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€148k-€152k▲ 3.3%€170k▲ 11.8%€186k▲ 9.6%€202k▲ 8.6%
Operating result€108k-€42k▼ 61.0%€31k▼ 25.7%€51k▲ 62.9%€27k▼ 46.7%
Net result€28k-€5k▼ 82.8%€18k▲ 272%€16k▼ 9.1%€16k▼ 1.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €450k
Equity
€202k▲ 8.6%
Debt
€247k▼ 30.8%
The debt ratio falls from 65.7% to 55.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
45.0%▲
2024 · 34.3%
Current ratio
6.22▲
2024 · 3.56
Quick ratio
3.36▲
2024 · 1.70
Debt / equity
1.22▼
2024 · 1.92
ROE
7.9%▼
2024 · 8.7%
ROA
3.6%▲
2024 · 3.0%
Debt
€247k▼
2024 · €358k
Debt ≤ 1 year
€72k▼
2024 · €153k
Debt > 1 year
€175k▼
2024 · €205k
Staff costs
€0▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€544k€450k▼
Current assets29/58€544k€450k▼
Stocks and contracts in progress3€284k€207k▼
Stocks30/36€284k€207k▼
Amounts receivable within one year40/41€252k€213k▼
Trade receivables40€251k€211k▼
Other amounts receivable41€909€2k▲
Cash at bank and in hand54/58€7k€29k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€544k€450k▼
Equity10/15€186k€202k▲
Contributions10/11€19k€19k=
Reserves13€168k€184k▲
Tax-exempt reserves132€2k€2k=
Distributable reserves133€166k€182k▲
Amounts payable17/49€358k€247k▼
Amounts payable after more than one year17€205k€175k▼
Financial debts170/4€205k€175k▼
Amounts payable within one year42/48€153k€72k▼
Current portion of amounts payable after more than one year42€30k€30k=
Trade debts44€31k€29k▼
Suppliers440/4€31k€29k▼
Taxes, remuneration and social security45€0-
Remuneration and social security454/9€0-
Other amounts payable47/48€92k€13k▼
Income statement
Code20242025
Remuneration, social security and pensions62€11k€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€698€41k▲
Gross operating margin9900€63k€68k▲
Operating profit (loss)9901€51k€27k▼
Financial income75/76B€1k€923▼
Recurring financial income75€1k€923▼
Financial charges65/66B€36k€12k▼
Recurring financial charges65€36k€12k▼
Profit (loss) for the period before taxes9903€16k€16k▼
Profit (loss) for the period9904€16k€16k▼
Profit (loss) for the period to be appropriated9905€16k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€16k▼
Transfer to equity691/2€16k€16k▼
To other reserves6921€16k€16k▼
Social balance
Average headcount (FTE)90870.70.0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · ETRACON BV ’T LINDEKE 4, 8880 LEDEGEM · event 23-06-2026
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €200kEq €202k ▲8.6%
5 profitable years in a row build equity to €202k.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.71 to 3.56; short-term debt falls from €573k to €153k.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €150kEq €152k ▲3.3%
2 profitable years in a row build equity to €152k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
18-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
26-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ledegem · 1 establishment unit since 1995
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.
't Lindeke 48880 LedegemGround area
5,150 m²
Building footprint
3,417 m²
Volume, LiDAR
21,546 m³
Parcel 36018B0875/00T003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETRACON BVBA
since 19952.070.004.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018B0875/00T003 | Flanders | 5,150 m² | 1 · 3,417 m² | 8.3 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURA DE COSTER KONING ALBERTPARK 29,
8500 KORTRIJK |
23-06-2026 → present |
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Of 1,075 companies in sector 46140 we hold annual accounts for 644. 498 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1994
Fiscal year end31-03
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.