ITRACK
ActiveSummary
ITRACK has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,739 and a net result of €2,785. Equity has been growing by about 28% per year since 2018. Its solvency ranks better than 80% of 4,342 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-02-2011 Normal situation
- Activity
- Other professional, scientific and technical activities NACE 74999
- Establishment unit
- 2.198.618.331 4280 Hannut, since 11-04-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €9,666
- ▲ 40.5%
- Turnover
- ≈ €58,000
- estimated
- Profit
- €2,785
- ▲ 69×
- Equity
- €18,739
- ▲ 17.5%
- Total assets
- €23,639
- ▲ 11.8%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateSize: total assets €23,639lowers riskLiquidity: current ratio 4.82, cash €17,655Founded in 2011Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 74, micro). It does better than 88% of them on solvency, 87% on liquidity, 36% on profitability and 64% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00466148.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 15 filings
Every figure per financial year
The operating result for 2025 is 63% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,609 | €10,609 | €10,610 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €890 | €524 | €2,865 | €1,275 | €528 | ▼ 58.6% |
| Gross operating margin9900 | €16,837 | €8,917 | €15,950 | €12,331 | €16,249 | €11,245 | €6,878 | €9,666 | ▲ 40.5% |
| Operating profit (loss)9901 | €5,718 | -€2,755 | €5,340 | €11,441 | €15,725 | €8,380 | €5,602 | €9,138 | ▲ 63.1% |
| Financial charges65/66B | - | - | - | €185 | €219 | €1,262 | €4,236 | €3,552 | ▼ 16.2% |
| Recurring financial charges65 | €31 | €151 | €163 | €185 | €219 | €1,262 | €4,236 | €3,552 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €5,687 | -€2,906 | €5,177 | €11,256 | €15,506 | €7,119 | €1,366 | €5,586 | ▲ 309% |
| Income taxes67/77 | €4,138 | €1,937 | €4,081 | €4,642 | €5,910 | €1,297 | €1,326 | €2,802 | ▲ 111% |
| Profit (loss) for the period9904 | €1,549 | -€4,843 | €1,096 | €6,614 | €9,596 | €5,822 | €40 | €2,785 | ▲ 69× |
| Profit (loss) for the period to be appropriated9905 | €1,549 | -€4,843 | €1,096 | €6,614 | €9,596 | €5,822 | €40 | €2,785 | ▲ 69× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €26,275 | €19,279 | €12,847 | €12,802 | €25,589 | €26,082 | €21,153 | €23,639 | ▲ 11.8% |
| Fixed assets21/28 | €21,219 | €10,610 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €21,219 | €10,610 | - | - | - | - | - | - | - |
| Current assets29/58 | €5,056 | €8,669 | €12,847 | €12,802 | €25,589 | €26,082 | €21,153 | €23,639 | ▲ 11.8% |
| Amounts receivable within one year40/41 | €3,277 | €724 | €1,029 | €3,503 | €5,185 | €5,195 | €3,128 | €5,749 | ▲ 83.8% |
| Trade receivables40 | - | - | - | - | - | €1,008 | €193 | €3,776 | ▲ 20× |
| Other amounts receivable41 | - | - | - | €3,503 | €5,185 | €4,187 | €2,935 | €1,974 | ▼ 32.8% |
| Cash at bank and in hand54/58 | €1,779 | €7,945 | €11,818 | €9,299 | €20,404 | €20,888 | €18,025 | €17,655 | ▼ 2.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €235 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €26,275 | €19,279 | €12,847 | €12,802 | €25,589 | €26,082 | €21,153 | €23,639 | ▲ 11.8% |
| Equity10/15 | €3,830 | -€1,013 | €83 | €6,697 | €16,293 | €22,115 | €15,955 | €18,739 | ▲ 17.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €4,645 | ▲ 150% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €4,645 | ▲ 150% |
| Profit (loss) carried forward14 | -€4,230 | -€9,073 | -€7,977 | -€1,363 | €8,233 | €14,055 | €14,095 | €14,095 | = |
| Amounts payable17/49 | €22,445 | €20,292 | €12,764 | €6,105 | €9,296 | €3,968 | €5,198 | €4,900 | ▼ 5.7% |
| Amounts payable within one year42/48 | €22,445 | €20,292 | €12,764 | €6,105 | €9,296 | €3,968 | €5,163 | €4,900 | ▼ 5.1% |
| Trade debts44 | €966 | €988 | €621 | €1,454 | €4,653 | €1,144 | €185 | €44 | ▼ 76.4% |
| Suppliers440/4 | - | - | - | €1,454 | €4,653 | €1,144 | €185 | €44 | ▼ 76.4% |
| Taxes, remuneration and social security45 | - | - | - | €4,651 | €4,642 | €2,824 | €1,447 | €728 | ▼ 49.6% |
| Taxes450/3 | - | - | - | €4,651 | €4,642 | €2,824 | €1,447 | €728 | ▼ 49.6% |
| Other amounts payable47/48 | - | - | - | - | - | - | €3,531 | €4,128 | ▲ 16.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €35 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,549 | -€4,843 | €1,096 | €6,614 | €9,596 | €5,822 | €40 | €2,785 | ▲ 69× |
| + Depreciation and write-downs630 | €10,609 | €10,609 | €10,610 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €12,158 | €5,766 | €11,706 | €6,614 | €9,596 | €5,822 | €40 | €2,785 | ▲ 69× |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | - | - | - |
| Change in cash | - | €6,166 | €3,873 | -€2,519 | €11,105 | €484 | -€2,863 | -€370 | ▲ 87.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as ITRACK has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ITRACK itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for ITRACK. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00466148 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00213896 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00390424 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00173140 | |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20274563 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-47800021 | |
| 31-12-2019 | micro format | 01-09-2020 | 2020-48200251 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52100407 | |
| 31-12-2017 | micro format | 25-06-2018 | 2018-21600139 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48000201 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 23-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LEGRAS Roger |
|
Network & group
ITRACK shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ITRACK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-02
Gazette deed
Resignation: LEGRAS Roger (manager)Reappointment: LEGRAS Roger (director) · Amendment of the articles · Capital conversion12 points ▸
- General meeting, “assemblée générale extraordinaire des actionnaires” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “disponibles pour distribution, formes et majorités de la modification des statuts” (deed in French)
- Other provision, “dispense du versement du solde des apports et réduction du compte apports non appelés”, EUR (deed in French)
- Net-asset statement, “dispense de libération”, EUR (deed in French)
- Other provision, “rapport de l’organe d’administration sur capacité à acquitter les dettes, date de dispense de libération” (deed in French)
- Capital
- Director resignation, LEGRAS Roger (manager)
- Director reappointment, LEGRAS Roger (director (not named in the articles))
- Other provision, “décharge à l'administrateur démissionnaire pour exécution mandat, prochaine assemblée générale annuelle décidera” (deed in French)
- Registered office clause, “4280 Hannut, rue des Bourgmestres 4” (deed in French)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- L’activité de consultance scientifique et technique dans les domaines des matériaux organiques et inorganiques,en général,et dans le domaine des polymères,en particulier
- Ls domaines visés sont ceux de la synthèse chimique,des propriétés physiques et physico-chimiques,de la plasturgie et de la mise en œuvre,des nanosciences
- La société peut également réaliser des synthèses chimiques,produire ou modifier des matériaux,fabriquer des objets à partir de ces matériaux
- La société a également pour objet,l’importation,et l’exportation,en gros ou en détail des produits chimiques,matériaux et des objets fabriqués à partir de ce genre de matériaux
- Elle peut notamment se porter caution et donner toute sûreté personne ou réelle en faveur de toute personne ou société liée ou non
- Elle peut accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet
- Elle peut s’intéresser part toutes voies dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développements de ses activités
- La société peut être administrateur,gérant ou liquidateur
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64042A0232/00S000 | Wallonia | 1,584 m² | 1 · 88 m² | 11.6 m · 3 |