Equity
€2.6m ▲ 23.2%
G-TRAC has made a profit without a break since 2008.
G-TRAC
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €933,336 (2025)
€933,336▲ 19.4%
lowest -€10,502 (2007)
€492,703▼ 3.3%
peak €2.6m (2025)
€2.6m▲ 23.2%
€2.7m▼ 16.9%
peak 5 FTE (2017)
3.7 FTE▼ 9.8%
Board2 names since 2022
2 directorsBEKKERS Ellen and 1 other
Documentsfilings and deeds
31-10-2025on the last day
2025abbreviated format
Gross margin from €781,906 to €933,336Staff from 4.1 FTE to 3.7 FTEDividend €1,600Equity from €2.1m to €2.6mDebts from €3.3m to €2.7mCash from €248,083 to €86,995
Key points
from the 2025 annual accountsTurnover
≈ €4.7m estimated
The abbreviated format states no turnover.
Investments
€33,250 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
4 employees on 31-03-2025
In 2025, 4 people joined and 4 left.
Filings
20 annual accounts 10 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
€492,703
Higher net result than 93% of companies in wholesale trade. Sector median €26,717 · 9,877 companies.
Checked score
83
Excellent
Financially stronger than 61% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%▼ -0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
11-2026: 0.5%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 31-10-2025)
Liquidity: current ratio 2.41, cash €86,995, halved
lowers risk
Founded in 2004
Equity €2.6m (49.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 57% of them on solvency, 36% on liquidity, 73% on profitability and 78% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as G-TRAC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of G-TRAC itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,368 companies, not a prediction for G-TRAC. 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
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.41 (1.91 in 2024), above the usual 1.5. Short-term debt is 31% and cash 1.6% of total assets. However, 51% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
on the day
2023
on the day
2022
30 days late
2021
29 days late
2020
19 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 13 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865147255
2 managers resigning, 2 directors reappointed
Resignations: GUEDENS Gunther Billy (director, formerly manager) and BEKKERS Ellen (director, formerly manager) · Reappointments: GUEDENS Gunther Billy (director) and BEKKERS Ellen (director) · Permanent representative: GUEDENS Gunther Billy · General meeting of 01-12-2023 · Gazette deed
Registered office moved within Nieuwerkerken
New registered office: Ambachtstraat 1117-3850 Nieuwerkerken · Previous registered office: Doorstraat 22, 3850 Nieuwerkerken · Gazette deed
New establishment in Nieuwerkerken (Limb.)
Ambachtstraat 1117
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| G-TRAC Nieuwerkerken (Limb.) | €5.3m | €933,336 | 49.0% | 3.7 |
| BROUNS LANDBOUWMACHINES Lanaken | €4.6m | €754,653 | 83.6% | 5.1 |
| MASCHIO GASPARDO BENELUX Tessenderlo-Ham | €4.9m | €840,808 | 75.5% | 5.5 |
| PIERAERTS Kortenaken | €4.1m | €670,290 | 75.5% | 2.7 |
| Dekens Agri Technics Sint-Truiden | €3.3m | €799,918 | 32.6% | 5 |
| PEETERS ESSEN Essen | €3.2m | €663,201 | 50.3% | 3.6 |
| Deroo Landbouwmachines Vleteren | €5.8m | €844,043 | 31.0% | 6 |
These companies have the same main activity as G-TRAC: wholesale trade (NACE 46610). They are comparable in size and age: total assets between €3.2m and €5.8m, founded between 1998 and 2007.
Official details
Source: KBO- Status
- Active since 06-05-2004Normal situation
- Activity
- Wholesale tradeNACE 46610and 3 others
- Joint committee
- 149.04Metal trade · annual accounts 31-03-2025
- Establishment units
- 2.137.120.4303850 Nieuwerkerken (Limb.), since 06-05-2004
- 2.314.273.1143850 Nieuwerkerken (Limb.), since 01-04-2020
- Financial year end
- 31 March
- Peppol
- Reachable since 22-10-2024
Annual accounts to 31-03-2025
- €5.3m▼ 1.1%
- Employeeson 31-03-2025
- 4=
- Filing
- Filed on 31-10-2025
Insights on G-TRAC
G-TRAC files the abbreviated format. That format states no turnover. The gross margin rose from €28,697 in 2007 to €933,336 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets.
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 G-TRAC
- What is the company number of G-TRAC?
- The company number of G-TRAC is 0865.147.255. The VAT number is the same number with BE in front: BE 0865.147.255.
- Where is G-TRAC based?
- The registered office is at Ambachtstraat 1117, 3850 Nieuwerkerken (Limb.).Company details
- What does G-TRAC do?
- According to the KBO register, the main activity is wholesale trade (NACE 46610).
- What is the legal form of G-TRAC?
- G-TRAC is a private limited company (BV).
- When was G-TRAC founded?
- G-TRAC was founded on 06-05-2004.
- Is G-TRAC still active?
- Yes, G-TRAC is an active enterprise in the KBO register.
- How many employees does G-TRAC have?
- G-TRAC had an average of 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does G-TRAC fall under?
- In its 31-03-2025 annual accounts, G-TRAC states joint committee 149.04 (Metal trade).
- What is the turnover of G-TRAC?
- The turnover in financial year 2025 is ≈ €4.7m. This figure is estimated from the gross margin of €933,336 and 139 comparable companies (NACE 46). It probably lies between €3.0m and €8.0m.
- Is G-TRAC profitable?
- In financial year 2025, G-TRAC made a profit of €492,703.
- Where can I find the annual accounts of G-TRAC?
- G-TRAC filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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