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Eutraco

Active
Public limited companyfounded 196759 yrs activeIndustrieweg 35, 8800 Roeselare, BelgiumKBO/BCE: BE 0405.562.641
Summary

The computed 12-month bankruptcy probability of Eutraco is 2.7% (moderate). The 2024 annual accounts show equity of €8.7m and a net result of -€1.2m. Equity is growing by ~14.9% per year across the filed fiscal years. The company has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability41▼-20
Solvency39▼-2
Growth61=
Track record100
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.96 in 2023; short-term debt: 65% and cash: 6.4% of total assets), and 86.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 59 years 0 60 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
8 d early
2023
40 d early
2022
88 d early
2021
51 d early
2020
99 d early
2019
17 d early
← 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 49 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Eutraco was incorporated on 28 April 1967.1 In 2026 the capital was increased by EUR 10 million to EUR 11 million.2 Since 2026, Capital@PRO has served as managing director of the company.3 Revenue grew from EUR 47 million in 2018 to EUR 99 million in 2024 and headcount from 164 to 293 full-time equivalents.4

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 22-06-2026
  3. 3Belgian State Gazette, 20-07-2026
  4. 4National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€99.4m▲ 15.5%
2023 · €86.0m
EBIT margin
1.7%▼ 1.5pp
2023 · 3.1%
Net result
-€1.2m
2023 · €744,012
Working capital
-€8.3m▼ 510%
2023 · -€1.4m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€44.5m▲ 7.7%€58.8m▲ 31.9%€87.7m▲ 49.3%€86.0m▼ 1.9%€99.4m▲ 15.5%
Operating result€123,393€546,499▲ 343%€2.6m▲ 369%€2.7m▲ 5.5%€1.7m▼ 38.8%
Net result€142,436above the sector's middle half€412,478above the sector's middle half▲ 190%€1.5mabove the sector's middle half▲ 271%€744,012above the sector's middle half▼ 51.4%-€1.2mbelow the sector's middle half
EBIT margin0.3%▲ 2.9pp0.9%▲ 0.7pp2.9%▲ 2.0pp3.1%▲ 0.2pp1.7%▼ 1.5pp
Equity€3.7mabove the sector's middle half▲ 3.7%€4.1mabove the sector's middle half▲ 11.1%€9.2mabove the sector's middle half▲ 122%€9.9mabove the sector's middle half▲ 8.1%€8.7mabove the sector's middle half▼ 11.6%
Total assets€17.7mabove the sector's middle half▲ 6.2%€23.6mabove the sector's middle half▲ 33.1%€43.6mabove the sector's middle half▲ 84.6%€61.4mabove the sector's middle half▲ 40.9%€63.7mabove the sector's middle half▲ 3.7%
Debt€14.0m▲ 9.7%€19.5m▲ 39.0%€33.8m▲ 73.9%€51.0m▲ 50.7%€54.5m▲ 6.9%
Working capital-€2.8mbelow the sector's middle half-€6.6mbelow the sector's middle half▼ 131%-€10.4mbelow the sector's middle half▼ 58.3%-€1.4mbelow the sector's middle half▲ 87.0%-€8.3mbelow the sector's middle half▼ 510%
Solvency20.9%within the sector's middle half▼ 0.5pp17.5%within the sector's middle half▼ 3.5pp21.0%within the sector's middle half▲ 3.5pp16.1%within the sector's middle half▼ 4.9pp13.7%below the sector's middle half▼ 2.4pp
Current ratio0.77below the sector's middle half▼ 0.410.61below the sector's middle half▼ 0.150.57below the sector's middle half▼ 0.040.96within the sector's middle half▲ 0.390.80below the sector's middle half▼ 0.16
Return on assets (ROA)0.8%within the sector's middle half▲ 9.0pp1.7%within the sector's middle half▲ 0.9pp3.5%within the sector's middle half▲ 1.8pp1.2%within the sector's middle half▼ 2.3pp-1.8%below the sector's middle half▼ 3.0pp
Staff (FTE)140.4above the sector's middle half▼ 0.3%172.3above the sector's middle half▲ 22.7%239.5above the sector's middle half▲ 39.0%281.1above the sector's middle half▲ 17.4%292.9above the sector's middle half▲ 4.2%
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€2.0m-€1.0m€0€1.0m€2.0m€3.0mOperating result 2020: €123,393€123,393Net result 2020: €142,436€142,436Operating result 2021: €546,499€546,499Net result 2021: €412,478€412,478Operating result 2022: €2.6m€2.6mNet result 2022: €1.5m€1.5mOperating result 2023: €2.7m€2.7mNet result 2023: €744,012€744,012Operating result 2024: €1.7m€1.7mNet result 2024: -€1.2m-€1.2m20202021202220232024-€2m-€1m€0€1m€2m€3mOperating result 2022: €2.6m€2.6mNet result 2022: €1.5m€1.5mOperating result 2023: €2.7m€2.7mNet result 2023: €744,012€744,000Operating result 2024: €1.7m€1.7mNet result 2024: -€1.2m-€1.2m202220232024
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55.6m
Fixed assets €22.5m ▲ 1.5%
Current assets €33.1m ▲ 1.3%
Equity and liabilities €63.7m
Equity €8.7m ▼ 11.6%
Provisions €413,910 ▼ 20.0%
Debt €54.5m ▲ 6.9%
Debt's share of the balance-sheet total rises from 83.0% to 85.6%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€7.1m▼
2023 · €7.8m
Cash flow
€4.2m▼
2023 · €5.9m
Quick ratio
0.80▼
2023 · 0.96
Debt to equity
6.23▲
2023 · 5.15
ROE
-13.2%▼
2023 · 7.5%
Interest coverage
2.53▼
2023 · 5.20
Debt ≤ 1 year
€41.4m▲
2023 · €34.0m
Debt > 1 year
€9.0m▼
2023 · €10.5m
Income taxes
€12,953▼
2023 · €523,178
Staff costs
€20.2m▲
2023 · €18.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 137 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.

  • Large
  • solvency 10 to 30%
  • a small loss
  • without age
2.2% went bankrupt
2.2% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 137 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 98 lines
Balance sheet Code20232024
Assets
Total assets20/58€61.4m€63.7m▲
Formation expenses20€6.5m€8.0m▲
Fixed assets21/28€22.2m€22.5m▲
Intangible fixed assets21€394,758€1.0m▲
Tangible fixed assets22/27€18.5m€18.3m▼
Land and buildings22€460,938€673,622▲
Plant, machinery and equipment23€2.1m€1.8m▼
Furniture and vehicles24€675,017€997,986▲
Leasing and similar rights25€15.0m€14.4m▼
Assets under construction and advance payments27€354,420€410,827▲
Financial fixed assets28€3.3m€3.2m▼
Affiliated companies280/1€3.1m€3.0m▼
Participating interests280€0-
Amounts receivable281€3.1m€3.0m▼
Other financial fixed assets284/8€146,711€132,888▼
Amounts receivable and cash guarantees285/8€146,711€132,888▼
Current assets29/58€32.7m€33.1m▲
Stocks and contracts in progress3€152,702€172,551▲
Stocks30/36€152,702€172,551▲
Raw materials and consumables30/31€152,702€172,551▲
Amounts receivable within one year40/41€18.5m€25.1m▲
Trade receivables40€18.3m€18.1m▼
Other amounts receivable41€192,569€6.9m▲
Cash at bank and in hand54/58€11.0m€4.1m▼
Deferred charges and accrued income490/1€3.0m€3.8m▲
Equity and liabilities
Total equity and liabilities10/49€61.4m€63.7m▲
Equity10/15€9.9m€8.7m▼
Contributions10/11€520,764€520,764=
Capital10€520,764€520,764=
Issued capital100€520,764€520,764=
Reserves13€6.3m€6.0m▼
Non-distributable reserves130/1€52,130€52,130=
Legal reserve130€52,130€52,130=
Tax-exempt reserves132€2.9m€2.6m▼
Distributable reserves133€3.3m€3.3m=
Profit (loss) carried forward14€3.1m€2.3m▼
Provisions and deferred taxes16€517,175€413,910▼
Provisions for liabilities and charges160/5€16,839€16,839=
Pensions and similar obligations160€16,839€16,839=
Deferred taxes168€500,336€397,071▼
Amounts payable17/49€51.0m€54.5m▲
Amounts payable after more than one year17€10.5m€9.0m▼
Financial debts170/4€10.5m€9.0m▼
Leasing and similar obligations172€10.2m€8.8m▼
Credit institutions173€298,249€143,257▼
Other amounts payable178/9€8,594€8,594=
Amounts payable within one year42/48€34.0m€41.4m▲
Current portion of amounts payable after more than one year42€2.9m€3.0m▲
Financial debts43€5.8m€5.7m▼
Credit institutions430/8€5.8m€5.7m▼
Trade debts44€18.7m€25.0m▲
Suppliers440/4€18.7m€25.0m▲
Advances received on contracts in progress46€401,152€401,152=
Taxes, remuneration and social security45€5.6m€6.1m▲
Taxes450/3€2.1m€2.1m▲
Remuneration and social security454/9€3.5m€4.0m▲
Other amounts payable47/48€677,962€1.2m▲
Accrued charges and deferred income492/3€6.5m€4.2m▼
Income statement Code20232024
Operating income70/76A€90.1m€103.6m▲
Turnover70€86.0m€99.4m▲
Own construction capitalised72€2.1m€2.3m▲
Other operating income74€1.9m€1.8m▼
Non-recurring operating income76A€0€82,329▲
Operating charges60/66A€87.4m€101.9m▲
Goods for resale, raw materials and consumables60€36.7m€37.5m▲
Purchases600/8€36.7m€37.5m▲
Change in stocks: decrease (increase)609€3,808-€19,849▼
Services and other goods61€25.3m€34.6m▲
Remuneration, social security and pensions62€18.7m€20.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.1m€5.4m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€568€112,894▲
Other operating charges640/8€1.4m€1.5m▲
Non-recurring operating charges66A€100,786€2.5m▲
Operating profit (loss)9901€2.7m€1.7m▼
Financial income75/76B€194,461€72,656▼
Recurring financial income75€194,461€72,656▼
Income from financial fixed assets750€12,709€0▼
Income from current assets751€138,609€28,931▼
Other financial income752/9€43,143€43,725▲
Non-recurring financial income76B€0-
Financial charges65/66B€1.7m€3.0m▲
Recurring financial charges65€1.7m€3.0m▲
Debt charges650€1.5m€2.8m▲
Other financial charges652/9€185,112€178,191▼
Profit (loss) for the period before taxes9903€1.2m-€1.2m▼
Transfer from deferred taxes780€58,305€103,265▲
Income taxes67/77€523,178€12,953▼
Taxes670/3€523,178€12,953▼
Profit (loss) for the period9904€744,012-€1.2m▼
Transfer from tax-exempt reserves789€174,916€309,795▲
Profit (loss) for the period to be appropriated9905€918,928-€842,999▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.1m€2.3m▼
Profit (loss) brought forward from the previous period14P€2.2m€3.1m▲
Transfer from equity791/2€0-
From reserves792€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)9087281.1292.9▲

The notes to these accounts (131 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€63.1m€90.9m€90.1m€103.6m▲ 15.0%
Turnover70€44.5m€58.8m€87.7m€86.0m€99.4m▲ 15.5%
Own construction capitalised72-€3.1m€2.4m€2.1m€2.3m▲ 9.8%
Other operating income74-€1.2m€755,690€1.9m€1.8m▼ 8.0%
Non-recurring operating income76A-€45,000€118€0€82,329-
Operating charges60/66A-€62.5m€88.4m€87.4m€101.9m▲ 16.7%
Goods for resale, raw materials and consumables60-€38.6m€50.1m€36.7m€37.5m▲ 2.3%
Purchases600/8-€38.7m€50.1m€36.7m€37.5m▲ 2.4%
Change in stocks: decrease (increase)609--€69,115-€2,312€3,808-€19,849▼ 621%
Services and other goods61-€12.1m€19.0m€25.3m€34.6m▲ 36.5%
Remuneration, social security and pensions62-€9.3m€14.9m€18.7m€20.2m▲ 8.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.6m€1.6m€3.1m€5.1m€5.4m▲ 5.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€8,564-€129,266€568€112,894▲ 19,769%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0----
Other operating charges640/8-€662,166€1.1m€1.4m€1.5m▲ 10.9%
Non-recurring operating charges66A-€181,718€320,011€100,786€2.5m▲ 2,380%
Operating profit (loss)9901€123,393€546,499€2.6m€2.7m€1.7m▼ 38.8%
Financial income75/76B-€152,663€208,167€194,461€72,656▼ 62.6%
Recurring financial income75€265,578€152,663€207,923€194,461€72,656▼ 62.6%
Income from financial fixed assets750-€118,160€95,037€12,709€0▼ 100%
Income from current assets751-€17,118€0€138,609€28,931▼ 79.1%
Other financial income752/9-€17,385€112,885€43,143€43,725▲ 1.3%
Non-recurring financial income76B--€244€0--
Financial charges65/66B-€281,591€587,597€1.7m€3.0m▲ 75.6%
Recurring financial charges65€220,353€281,591€587,597€1.7m€3.0m▲ 75.6%
Debt charges650€133,939€186,596€400,739€1.5m€2.8m▲ 85.4%
Other financial charges652/9-€94,994€186,859€185,112€178,191▼ 3.7%
Profit (loss) for the period before taxes9903€168,617€417,572€2.2m€1.2m-€1.2m▼ 203%
Transfer from deferred taxes780--€29,384€58,305€103,265▲ 77.1%
Income taxes67/77€26,181€5,094€685,416€523,178€12,953▼ 97.5%
Taxes670/3-€5,094€685,416€523,178€12,953▼ 97.5%
Profit (loss) for the period9904€142,436€412,478€1.5m€744,012-€1.2m▼ 255%
Transfer from tax-exempt reserves789--€88,153€174,916€309,795▲ 77.1%
Transfer to tax-exempt reserves689-€0----
Profit (loss) for the period to be appropriated9905€130,636€412,478€1.6m€918,928-€842,999▼ 192%
Line20202021202220232024Change
Assets
Total assets20/58€17.7m€23.6m€43.6m€61.4m€63.7m▲ 3.7%
Formation expenses20€375,200€3.2m€5.2m€6.5m€8.0m▲ 23.3%
Fixed assets21/28€8.0m€10.0m€24.4m€22.2m€22.5m▲ 1.5%
Intangible fixed assets21€561,840€753,667€631,969€394,758€1.0m▲ 163%
Tangible fixed assets22/27€2.6m€3.2m€12.7m€18.5m€18.3m▼ 1.1%
Land and buildings22-€4,142€37,298€460,938€673,622▲ 46.1%
Plant, machinery and equipment23-€534,265€1.9m€2.1m€1.8m▼ 11.8%
Furniture and vehicles24-€168,272€607,096€675,017€997,986▲ 47.8%
Leasing and similar rights25-€2.4m€10.0m€15.0m€14.4m▼ 3.7%
Assets under construction and advance payments27-€127,551€206,545€354,420€410,827▲ 15.9%
Financial fixed assets28€4.8m€6.0m€11.0m€3.3m€3.2m▼ 3.7%
Affiliated companies280/1-€5.9m€10.9m€3.1m€3.0m▼ 3.5%
Participating interests280-€29,825€29,800€0--
Amounts receivable281-€5.9m€10.8m€3.1m€3.0m▼ 3.5%
Other financial fixed assets284/8-€71,262€144,746€146,711€132,888▼ 9.4%
Amounts receivable and cash guarantees285/8-€71,262€144,746€146,711€132,888▼ 9.4%
Current assets29/58€9.3m€10.4m€14.0m€32.7m€33.1m▲ 1.3%
Stocks and contracts in progress3€85,084€154,199€156,510€152,702€172,551▲ 13.0%
Stocks30/36-€154,199€156,510€152,702€172,551▲ 13.0%
Raw materials and consumables30/31-€154,199€156,510€152,702€172,551▲ 13.0%
Amounts receivable within one year40/41€8.4m€7.3m€11.7m€18.5m€25.1m▲ 35.4%
Trade receivables40-€7.0m€11.3m€18.3m€18.1m▼ 1.1%
Other amounts receivable41-€307,595€356,842€192,569€6.9m▲ 3,504%
Cash at bank and in hand54/58€646,142€2.2m€1.7m€11.0m€4.1m▼ 63.0%
Deferred charges and accrued income490/1-€728,909€476,330€3.0m€3.8m▲ 26.4%
Equity and liabilities
Total equity and liabilities10/49€17.7m€23.6m€43.6m€61.4m€63.7m▲ 3.7%
Equity10/15€3.7m€4.1m€9.2m€9.9m€8.7m▼ 11.6%
Contributions10/11€195,760€195,760€520,764€520,764€520,764=
Capital10-€195,760€520,764€520,764€520,764=
Issued capital100-€195,760€520,764€520,764€520,764=
Reserves13€3.4m€3.4m€6.4m€6.3m€6.0m▼ 4.9%
Non-distributable reserves130/1-€19,626€52,130€52,130€52,130=
Legal reserve130-€19,626€52,130€52,130€52,130=
Financial assistance1313-€0----
Tax-exempt reserves132-€1.3m€3.1m€2.9m€2.6m▼ 10.6%
Distributable reserves133-€2.0m€3.3m€3.3m€3.3m=
Profit (loss) carried forward14€151,717€564,195€2.2m€3.1m€2.3m▼ 27.2%
Provisions and deferred taxes16€16,839€16,839€575,480€517,175€413,910▼ 20.0%
Provisions for liabilities and charges160/5-€16,839€16,839€16,839€16,839=
Pensions and similar obligations160-€16,839€16,839€16,839€16,839=
Deferred taxes168--€558,642€500,336€397,071▼ 20.6%
Amounts payable17/49€14.0m€19.5m€33.8m€51.0m€54.5m▲ 6.9%
Amounts payable after more than one year17€1.7m€1.8m€7.1m€10.5m€9.0m▼ 14.4%
Financial debts170/4-€1.8m€7.1m€10.5m€9.0m▼ 14.4%
Leasing and similar obligations172-€1.6m€7.0m€10.2m€8.8m▼ 13.3%
Credit institutions173-€170,000€130,000€298,249€143,257▼ 52.0%
Other amounts payable178/9--€8,594€8,594€8,594=
Amounts payable within one year42/48€12.2m€17.0m€24.4m€34.0m€41.4m▲ 21.5%
Current portion of amounts payable after more than one year42-€903,116€2.2m€2.9m€3.0m▲ 3.3%
Financial debts43-€1.6m€3.5m€5.8m€5.7m▼ 1.5%
Credit institutions430/8-€1.6m€3.5m€5.8m€5.7m▼ 1.5%
Trade debts44€7.9m€12.0m€14.8m€18.7m€25.0m▲ 33.9%
Suppliers440/4-€12.0m€14.8m€18.7m€25.0m▲ 33.9%
Advances received on contracts in progress46---€401,152€401,152=
Taxes, remuneration and social security45-€2.3m€3.7m€5.6m€6.1m▲ 8.5%
Taxes450/3-€736,925€1.7m€2.1m€2.1m▲ 0.4%
Remuneration and social security454/9-€1.5m€2.1m€3.5m€4.0m▲ 13.4%
Other amounts payable47/48-€137,307€130,284€677,962€1.2m▲ 76.8%
Accrued charges and deferred income492/3-€698,341€2.3m€6.5m€4.2m▼ 35.6%
Line20202021202220232024Change
Profit (loss) for the period9904€142,436€412,478€1.5m€744,012-€1.2m▼ 255%
+ Depreciation and write-downs630€1.6m€1.6m€3.1m€5.1m€5.4m▲ 5.2%
Operating cash flow (approximation)€1.7m€2.0m€4.6m€5.9m€4.2m▼ 27.7%
Investment in fixed assets (approximation)--€3.6m-€17.5m-€2.9m-€5.7m▼ 96.5%
Change in cash-€1.6m-€577,288€9.3m-€6.9m▼ 174%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-07
State Gazette act Appointment: Capital@Pro BV (managing director)
Permanent representative: Serge Gregoir3 facts ▸
  • Board meeting, 23-06-2026
  • Director appointment, Capital@Pro BV (managing director)
  • Permanent representative, Serge Gregoir (permanent representative)
23-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
22-06
State Gazette act Capital & shares
Declaration · Capital increase · Capital5 facts ▸
  • General meeting, 01-06-2026
  • Declaration, waiver of board and auditor report for capital increase in cash, artikel 7:179, §3 WVV
  • Capital increase, €10.000.000
  • Capital, €10.520.765,04
  • Statutes amendment, 5
13-05
State Gazette act Resignation: Vero Nisu BV (director)
Director discharge · Power of attorney14 facts ▸
  • General meeting, 29-04-2026
  • Director resignation, Vero Nisu BV (director)
  • Director discharge, Vero Nisu BV (director)
  • Director discharge, Vero Nisu BV (director)
  • Board composition, Capital@PRO BV (sole director)
  • Power of attorney
  • Power of attorney, Véronique Van Eessel
  • Power of attorney, Brent Mastin
  • Power of attorney, Simon Meyskens
  • Board meeting, 29-04-2026
  • Director resignation, Vero Nisu BV (director and managing director)
  • Director discharge, Vero Nisu BV (director and managing director)
  • +2 further facts in this act
2025
23-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
21-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
04-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €1.5m ▲271%
Net result €1.5m, the highest in the series.
31-12
Financial Equity above €5mEq €9.2m ▲122%
3 profitable years in a row build equity to €9.2m.
10-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
23-04
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €142,436
Net result €142,436 after one loss-making year.
Show earlier events
14-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series; recovery starts the following year.
09-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
19-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 32 acts read
About the unread acts

Of the 32 Belgian State Gazette acts we know for this company, 3 have been read. The other 29 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 office holder, last change in 2026

Day-to-day management 1

Capital@PRO
Managing director · since 23-06-2026 · Private limited company · perm. rep.: Serge Gregoir
Current

Permanent representatives 1

Serge Gregoir
Permanent representative · since 23-06-2026 · for Capital@PRO
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
29 of this company's 32 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 14 establishment units since 1967
seat establishment approximate All 14 establishment units on the map
Ground area
48.8 ha
Building footprint
25.8 ha
Volume, LiDAR
1,836,823 m³
13 parcels, Flanders · tallest building 58.5 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
14 establishment units
EUTRACO ROESELARE I
Industrieweg 35, 8800 RoeselareNACE 6024103
since 19672.001.334.781
EUTRACO SINT-NIKLAAS I
Grote Heimelinkstraat 67/69, 9100 Sint-NiklaasFreight transport by road
since 20162.258.821.578
EUTRACO SINT-NIKLAAS II
Industriepark-West 63, 9100 Sint-NiklaasFreight transport by road
since 20192.297.700.069
EUTRACO SOLUTIONS ANTWERPEN
Samberstraat 69, 2060 AntwerpenFreight transport by road
since 20202.306.862.611
EUTRACO WILLEBROEK I
Victor Dumonlaan 14-18, 2830 WillebroekWarehousing and storage
since 20202.306.863.106
EUTRACO WILLEBROEK II
Schoondonkweg 32, 2830 WillebroekFreight transport by road
since 20202.309.713.520
Show 8 more locations
EUTRACO GENT I
Pachtgoederen 2, 9940 EvergemFreight transport by road
since 20222.326.842.235
EUTRACO PUURS I
Koning Leopoldlaan 5, 2870 Puurs-Sint-AmandsFreight transport by road
since 20222.331.237.325
Eutraco GENT II
Ferdinand Magellaanstraat 6, 9940 EvergemRemoval services
since 20242.352.511.702
EUTRACO WILLEBROEK IV
Schoondonkweg 10, 2830 WillebroekFreight transport by road
since 20242.386.645.903
Eutraco Roeselare IV
Krommebeekpark 1, 8800 RoeselareFreight transport by road
since 20252.373.547.834
EUTRACO ROESELARE V
Roger Deceuninckstraat 3, 8830 HoogledeFreight transport by road
since 20252.381.943.876
EUTRACO Roeselare II
Onledegoedstraat 77, 8800 RoeselareFreight transport by road
since 20262.383.043.837
EUTRACO GENT III
Ferdinand Magellaanstraat 6, 9940 EvergemFreight transport by road
since 20262.386.322.140
13 parcels
Flanders 13 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43006H0702/00A000 Flanders 11.9 ha 1 · 5.1 ha 1.1 m
12008B0073/00B000 Flanders 7.7 ha 1 · 4.3 ha 15.7 m · 4 fl.
43006G0380/00G000 Flanders 5.7 ha - -
36006C1421/00R003 Flanders 5.2 ha - -
12342B0165/00T000 Flanders 5.0 ha 1 · 3.4 ha 14.3 m · 4 fl.
12342C0548/00G002 Flanders 4.3 ha 1 · 5.9 ha 29.2 m · 4 fl.
46445D1776/00K000 Flanders 3.7 ha 1 · 3.0 ha 58.5 m · 3 fl.
12036B0256/00B000 Flanders 2.2 ha 1 · 1.6 ha 0.4 m
36505A0064/00B000 Flanders 1.5 ha 1 · 5,500 m² 10.2 m · 3 fl.
36505B1197/00B000 Flanders 1.1 ha 1 · 1.8 ha -
36505A0201/00P000 Flanders 3,251 m² 1 · 1,530 m² 6.8 m · 2 fl.
46446B0827/00H000indicative Flanders 604 m² - -
11807G0641/00G005 Flanders 245 m² 1 · 150 m² 16.9 m · 4 fl.
Linked by address, not proof of ownership
Good to know
12 of 13 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Capital@PRO
  • Managing director, from 23-06-2026 to date
Vero Nisu BV
  • Director, until 29-04-2026
  • Director and managing director, until 29-04-2026
  • Director and managing director, until 29-04-2026
See the board, name and seat on a given date →

Articles of association

Who signs

Structure & network

Owners and holdings

2 owners · 1 holding

Chain of control

  1. North Investments 60%
  2. EUTRACO Holding 100%
  3. Eutraco

Highest known parent: North Investments. The sources do not say who stands above it.

Owners 2

Holdings 1

  • Eutraco FranceFRsubsidiary
    Equity €69,575Result -€1,296
    99.33%

According to the 2022 annual accounts of Eutraco and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Eutraco e-transport
Shared corporate director
→

Capital and shareholders

Capital over the years
  1. 22-06-2026 Capital increase of 10,000,000 EUR · to 10,520,765.04 EUR · no new shares · in cash

Public money · subsidies and aid

Flemish government

2022 to 2025 · 12 entries · 814,269 EUR awarded · 283,146 EUR paid
Year Entries awardedpaid
2025 4 486 EUR40,486 EUR
2024 5 641,764 EUR150,641 EUR
2023 2 168,500 EUR88,500 EUR
2022 1 3,519 EUR3,519 EUR
Schemes
3 entries · 640,536 EUR · 149,413 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 88,500 EUR · 88,500 EUR paid · Departement Mobiliteit en Openbare Werken
4 entries · 80,000 EUR · 40,000 EUR paid · DAB Vlaams Infrastructuurfonds
1 entry · 3,519 EUR · 3,519 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 887 EUR · 887 EUR paid · Agentschap Wegen en Verkeer
Show 1 more
2 entries · 827 EUR · 827 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

6 sites
Roeselare2.001.334.781
7 permissions
Opslag diervoeders · since 18-03-2024
Opslag van gewasbeschermingsmiddelen · since 03-03-2024
Vervoer kamer t° levensmiddelen · since 14-06-2023
and 4 more
Roeselare2.373.547.834
4 permissions
Opslag categorie 3 voor feed · since 03-09-2025
Opslag diervoeders · since 03-09-2025
Opslag andere dan levensmiddelen · since 15-07-2025
and 1 more
Evergem2.326.842.235
3 permissions
Opslag diervoeders · since 01-02-2022
Opslag kamer t° levensmiddelen · since 01-02-2022
Vervoer van diervoeders · since 01-02-2022
Willebroek2.309.713.520
3 permissions
Opslag andere dan levensmiddelen · since 22-03-2022
Opslag diervoeders · since 10-12-2020
Opslag kamer t° levensmiddelen
Show 2 more sites
Evergem2.352.511.702
1 permission
Opslag kamer t° levensmiddelen · since 04-11-2024
Hooglede2.381.943.876
1 permission
Opslag van gewasbeschermingsmiddelen · since 16-01-2026

Dual-learning approval

2 live approvals
Logistiek duaal (so)
Goedgekeurd · 2026 to 2031
Logistiek duaal (so)
Goedgekeurd · 2026 to 2031

Legal Entity Identifier

984500FDC0X83A86EB14
live in the LEI register

Parcel delivery

Notified to the BIPT
since 08-05-2025

Similar companies · same sector, comparable size

Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 1,147 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded28-04-1967
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0405562641
Also 9925:BE0405562641
Registered 20-11-2020

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.