FITRACO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.98M and a net result of €199k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 9864 sector peers (fiscal year 2024). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
89 d late
2022
91 d late
2021
29 d late
2020
64 d early
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.98M▲ 11.2%
2023 · €1.78M
2018: €1.03M
2019: €889k
2020: €1.23M
2021: €1.42M
2022: €1.64M
2023: €1.78M
2018 → 2024
Net result
€199k▲ 41.7%
2023 · €140k
2018: €-7k
2019: €-145k
2020: €248k
2021: €189k
2022: €218k
2023: €140k
2018 → 2024
Total assets
€4.24M▲ 40.3%
2023 · €3.02M
2018: €1.60M
2019: €1.52M
2020: €3.18M
2021: €2.43M
2022: €2.08M
2023: €3.02M
2018 → 2024
Solvency
46.6%▼ 12.2pp
2023 · 58.9%
2018: 64.8%
2019: 58.4%
2020: 38.7%
2021: 58.5%
2022: 78.8%
2023: 58.9%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.23M-€1.42M▲ 15.3%€1.64M▲ 15.4%€1.78M▲ 8.6%€1.98M▲ 11.2%
Operating result€187k-€131k▼ 30.2%€77k▼ 41.3%€2k▼ 96.9%€184k▲ 7,610%
Net result€248k-€189k▼ 24.0%€218k▲ 15.7%€140k▼ 35.7%€199k▲ 41.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 7,610% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.24M
Fixed assets
€1.09M▲ 8.4%
Current assets
€3.15M▲ 56.1%
Equity and liabilities €4.24M
Equity
€1.98M▲ 11.2%
Debt
€2.26M▲ 82.0%
The debt ratio rises from 41.1% to 53.4%. Equity and debt are higher.
Key figures and ratios
Solvency
46.6%▼
2023 · 58.9%
ROE
10.1%▲
2023 · 7.9%
ROA
4.7%▲
2023 · 4.7%
Debt
€2.26M▲
2023 · €1.24M
Debt ≤ 1 year
€766k▲
2023 · €510k
Debt > 1 year
€1.49M▲
2023 · €732k
Staff costs
€164
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.02M€4.24M▲
Fixed assets21/28€1.00M€1.09M▲
Tangible fixed assets22/27€159k€204k▲
Other tangible fixed assets26€159k€204k▲
Financial fixed assets28€843k€882k▲
Current assets29/58€2.02M€3.15M▲
Amounts receivable after more than one year29€1.08M€1.72M▲
Trade receivables290-€1.72M
Other amounts receivable291€1.08M-
Amounts receivable within one year40/41€671k€1.16M▲
Trade receivables40€76k€365k▲
Other amounts receivable41€595k€796k▲
Cash at bank and in hand54/58€125k€236k▲
Deferred charges and accrued income490/1€147k€37k▼
Equity and liabilities
Total equity and liabilities10/49€3.02M€4.24M▲
Equity10/15€1.78M€1.98M▲
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Reserves13€100k€100k=
Non-distributable reserves130/1€100k€100k=
Legal reserve130€100k€100k=
Profit (loss) carried forward14€678k€877k▲
Amounts payable17/49€1.24M€2.26M▲
Amounts payable after more than one year17€732k€1.49M▲
Financial debts170/4€732k€1.49M▲
Amounts payable within one year42/48€510k€766k▲
Current portion of amounts payable after more than one year42€190k€483k▲
Trade debts44€320k€284k▼
Suppliers440/4€320k€284k▼
Taxes, remuneration and social security45€607€0▼
Taxes450/3€607€0▼
Income statement
Code20232024
Remuneration, social security and pensions62-€164
Other operating charges640/8€2k€6k▲
Gross operating margin9900€4k€190k▲
Operating profit (loss)9901€2k€184k▲
Financial income75/76B€340k€65k▼
Recurring financial income75€87k€65k▼
Non-recurring financial income76B€253k€0▼
Financial charges65/66B€202k€50k▼
Recurring financial charges65€202k€50k▼
Profit (loss) for the period before taxes9903€140k€199k▲
Profit (loss) for the period9904€140k€199k▲
Profit (loss) for the period to be appropriated9905€140k€199k▲
Appropriation of the result
Profit (loss) to be appropriated9906€678k€877k▲
Profit (loss) brought forward from the previous period14P€537k€678k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Liquidity times 5current ratio 14.51
Current ratio from 3.22 to 14.51; short-term debt falls from €731k to €136k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €248k
Net result €248k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.23M ▲38.3%
Equity rises from €889k to €1.23M.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €-145k
Net result drops to €-145k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Schilde · 1 establishment unit since 1983
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.
Wijnegemsteenweg 222970 SchildeGround area
647 m²
Building footprint
401 m²
Volume, LiDAR
252 m³
Parcel 11041B0587/00G000, Flanders · tallest building 25.3 m. Linked by address, not a title deed.
1 establishment unit
FITRACO
since 19832.023.621.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0587/00G000 | Flanders | 647 m² | 1 · 401 m² | 25.3 m |
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300QVSPPXBZDFGM84
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Of 186 companies in sector 64910 we hold annual accounts for 133. 87 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-1983
Fiscal year end31-12
Activities, NACEBEL
64910Financial service activities, except insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@fitraco.be