G-TRAC
ActiveSummary
G-TRAC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.61M and a net result of €493k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 55% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-1
Solvency74▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.91 in 2024; short-term debt: 31% and cash: 1.6% of total assets), but 51% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49%
Return on assets
9.3%
Age of the figures
18 mo
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
2025
on the day
2024
on the day
2023
on the day
2022
30 d late
2021
29 d late
2020
19 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.61M▲ 23.2%
2024 · €2.11M
Total assets
€5.32M▼ 1.1%
2024 · €5.38M
Net result
€493k▼ 3.3%
2024 · €509k
Working capital
€2.32M▲ 24.4%
2024 · €1.87M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€388k▲ 558%€354k▼ 8.8%€389k▲ 9.8%€679k▲ 74.5%€564k▼ 16.9%
Net result€322k▲ 831%€279k▼ 13.4%€296k▲ 6.2%€509k▲ 72.1%€493k▼ 3.3%
Equity€1.04M▲ 44.8%€1.31M▲ 26.8%€1.61M▲ 22.4%€2.11M▲ 31.6%€2.61M▲ 23.2%
Total assets€3.84M▲ 8.6%€3.67M▼ 4.4%€4.66M▲ 27.0%€5.38M▲ 15.4%€5.32M▼ 1.1%
Debt€2.80M▼ 0.6%€2.36M▼ 15.9%€3.06M▲ 29.6%€3.27M▲ 6.9%€2.71M▼ 16.9%
Working capital€775k▲ 54.2%€1.22M▲ 57.0%€1.40M▲ 14.9%€1.87M▲ 33.8%€2.32M▲ 24.4%
Staff (FTE)4.9▲ 16.7%4.1▼ 16.3%4.7▲ 14.6%4.1▼ 12.8%3.7▼ 9.8%
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 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.32M
Fixed assets
€1.34M ▼ 7.6%
Current assets
€3.98M ▲ 1.3%
Equity and liabilities €5.32M
Equity
€2.61M ▲ 23.2%
Debt
€2.71M ▼ 16.9%
Debt's share of the balance-sheet total falls from 60.7% to 51.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€708k▼
2024 · €818k
Cash flow
€637k▼
2024 · €649k
Current ratio
2.41▲
2024 · 1.91
Quick ratio
0.98▼
2024 · 1.16
Debt to equity
1.04▼
2024 · 1.54
ROE
18.9%▼
2024 · 24.1%
ROA
9.3%▼
2024 · 9.5%
Interest coverage
13.23▼
2024 · 19.15
Debt ≤ 1 year
€1.65M▼
2024 · €2.06M
Debt > 1 year
€1.06M▼
2024 · €1.21M
Income taxes
€122k▼
2024 · €170k
Staff costs
€192k▼
2024 · €205k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €18k | €12k | €2k | ▼ 87.6% |
| Remuneration, social security and pensions62 | - | €165k | €181k | €205k | €192k | ▼ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107k | €113k | €134k | €139k | €144k | ▲ 3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €103k | €156k | €-259k | €14k | ▲ 105% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €19k | - |
| Other operating charges640/8 | - | €15k | €33k | €19k | - | - |
| Gross operating margin9900 | €712k | €750k | €894k | €782k | €933k | ▲ 19.4% |
| Operating profit (loss)9901 | €388k | €354k | €389k | €679k | €564k | ▼ 16.9% |
| Financial income75/76B | - | €54k | €38k | €44k | €104k | ▲ 137% |
| Recurring financial income75 | €41k | €54k | €38k | €44k | €104k | ▲ 137% |
| Financial charges65/66B | - | €39k | €38k | €43k | €54k | ▲ 25.3% |
| Recurring financial charges65 | €38k | €39k | €38k | €43k | €54k | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | €391k | €369k | €389k | €680k | €614k | ▼ 9.6% |
| Income taxes67/77 | €69k | €91k | €93k | €170k | €122k | ▼ 28.7% |
| Profit (loss) for the period9904 | €322k | €279k | €296k | €509k | €493k | ▼ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €322k | €279k | €296k | €509k | €493k | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.84M | €3.67M | €4.66M | €5.38M | €5.32M | ▼ 1.1% |
| Fixed assets21/28 | €1.57M | €1.50M | €1.48M | €1.46M | €1.34M | ▼ 7.6% |
| Tangible fixed assets22/27 | €1.57M | €1.50M | €1.48M | €1.46M | €1.34M | ▼ 7.6% |
| Land and buildings22 | - | €1.41M | €1.32M | €1.23M | €1.15M | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €37k | €62k | €46k | €47k | ▲ 0.8% |
| Furniture and vehicles24 | - | €39k | €25k | €129k | €115k | ▼ 11.0% |
| Leasing and similar rights25 | - | €12k | €67k | €47k | €32k | ▼ 30.7% |
| Financial fixed assets28 | - | - | - | - | €135 | - |
| Current assets29/58 | €2.27M | €2.17M | €3.19M | €3.93M | €3.98M | ▲ 1.3% |
| Stocks and contracts in progress3 | €1.19M | €1.23M | €1.72M | €1.54M | €2.35M | ▲ 53.3% |
| Stocks30/36 | - | €1.23M | €1.72M | €1.54M | €2.35M | ▲ 53.3% |
| Amounts receivable within one year40/41 | €994k | €755k | €1.01M | €2.12M | €1.53M | ▼ 27.7% |
| Trade receivables40 | - | €745k | €850k | €2.12M | €1.53M | ▼ 28.1% |
| Other amounts receivable41 | - | €10k | €159k | - | €9k | - |
| Cash at bank and in hand54/58 | €89k | €188k | €454k | €248k | €87k | ▼ 64.9% |
| Deferred charges and accrued income490/1 | - | €979 | €1k | €22k | €2k | ▼ 92.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.84M | €3.67M | €4.66M | €5.38M | €5.32M | ▼ 1.1% |
| Equity10/15 | €1.04M | €1.31M | €1.61M | €2.11M | €2.61M | ▲ 23.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1.02M | €1.29M | €1.59M | €2.10M | €2.59M | ▲ 23.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €1.29M | €1.59M | €2.10M | €2.59M | ▲ 23.4% |
| Amounts payable17/49 | €2.80M | €2.36M | €3.06M | €3.27M | €2.71M | ▼ 16.9% |
| Amounts payable after more than one year17 | €1.31M | €1.40M | €1.27M | €1.21M | €1.06M | ▼ 12.1% |
| Financial debts170/4 | - | €1.40M | €1.27M | €1.21M | €1.06M | ▼ 12.1% |
| Amounts payable within one year42/48 | €1.50M | €954k | €1.79M | €2.06M | €1.65M | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | - | €145k | €152k | €170k | €149k | ▼ 12.3% |
| Financial debts43 | - | €204k | €217k | €263k | €323k | ▲ 22.8% |
| Credit institutions430/8 | - | €204k | €217k | €263k | €323k | ▲ 22.8% |
| Trade debts44 | €605k | €337k | €1.36M | €1.46M | €1.16M | ▼ 20.3% |
| Suppliers440/4 | - | €337k | €1.36M | €1.46M | €1.16M | ▼ 20.3% |
| Advances received on contracts in progress46 | - | €111k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €156k | €58k | €163k | €16k | ▼ 90.4% |
| Taxes450/3 | - | €147k | €46k | €152k | €3k | ▼ 97.9% |
| Remuneration and social security454/9 | - | €10k | €12k | €11k | €12k | ▲ 12.5% |
| Other amounts payable47/48 | - | €1k | €1k | €1k | €1k | = |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €322k | €279k | €296k | €509k | €493k | ▼ 3.3% |
| + Depreciation and write-downs630 | €107k | €113k | €134k | €139k | €144k | ▲ 3.2% |
| Operating cash flow (approximation) | €429k | €392k | €430k | €649k | €637k | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | €-48k | €-110k | €-117k | €-33k | ▲ 71.5% |
| Change in cash | - | €98k | €266k | €-206k | €-161k | ▲ 21.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €509k ▲72.1%
Operating result €679k, net result €509k, both a record.
31-03
Financial
Equity above €2MEq €2.11M ▲31.6%
6 profitable years in a row build equity to €2.11M.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
31-03
Financial
Equity above €1MEq €1.04M ▲44.8%
3 profitable years in a row build equity to €1.04M.
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
31-03
Financial
Weakest financial yearnet €35k ▼86.9%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Nieuwerkerken (Limb.) · 2 establishment units since 2004
Ground area
5,109 m²
Building footprint
1,892 m²
Volume, LiDAR
373 m³
2 parcels, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
G-TRAC BVBA
since 20042.137.120.430
G-TRAC
since 20202.314.273.114
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71045A0108/00Y002 | Flanders | 4,022 m² | 1 · 1,806 m² | 0.6 m |
| 71031A0724/00B005 | Flanders | 1,087 m² | 1 · 86 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 165 EUR awarded · 165 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 165 EUR | 165 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 806 companies in sector 46610 we hold annual accounts for 566. 389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-2004
Fiscal year end31-03
Activities, NACEBEL 2025
46610Wholesale trade
33120Repair and maintenance of machinery
77310Rental and leasing activities
81300Landscape service activities
Contact
E-mail
info@g-trac.be
Website
www.g-trac.beNieuwerkerken (Limb.)
Phone
011/484696Nieuwerkerken (Limb.)
Scores and ratios are computed by Checked and are not a credit decision.