KOTRAC
ActiveKOTRAC has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.71M and a net result of €-27k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.83 in 2024; short-term debt: 22.4% and cash: 0% of total assets), and 22.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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 dateAge against the risk zone
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
77.6%
Return on assets
-1.2%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
20 d late
2023
1 d early
2022
57 d late
2021
10 d early
2020
122 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3k▼ 9.7%
2022 · €3k
2022: €3k
2022 → 2023
EBIT margin
16419.5%▲ 20060.3pp
2022 · -3640.8%
2022: -3640.8%
2022 → 2023
Net result
€-27k
2024 · €65k
2018: €-32k
2019: €-22k
2020: €336k
2021: €-63k
2022: €199k
2023: €315k
2024: €65k
2018 → 2025
Working capital
€-59k▲ 34.4%
2024 · €-90k
2018: €771k
2019: €755k
2020: €223k
2021: €173k
2022: €396k
2023: €789k
2024: €-90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3k€3k▼ 9.7%
Equity€1.16M-€1.36M▲ 17.2%€1.67M▲ 23.2%€1.74M▲ 3.9%€1.71M▼ 1.5%
Operating result€-62k-€-106k▼ 72.0%€434k€92k▼ 78.8%€-25k
Net result€-63k-€199k€315k▲ 58.6%€65k▼ 79.4%€-27k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €92k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.20M
Fixed assets
€1.77M▼ 3.2%
Current assets
€434k▼ 2.0%
Equity and liabilities €2.20M
Equity
€1.71M▼ 1.5%
Debt
€493k▼ 7.5%
The debt ratio falls from 23.5% to 22.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32k▼
2024 · €143k
Cash flow
€31k▼
2024 · €116k
Solvency
77.6%▲
2024 · 76.5%
Current ratio
0.88▲
2024 · 0.83
Quick ratio
0.88▲
2024 · 0.83
Debt / equity
0.29▼
2024 · 0.31
ROE
-1.6%▼
2024 · 3.7%
ROA
-1.2%▼
2024 · 2.9%
Interest coverage
18.77▼
2024 · 465.23
Debt
€493k▼
2024 · €533k
Debt ≤ 1 year
€493k▼
2024 · €533k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.27M€2.20M▼
Fixed assets21/28€1.83M€1.77M▼
Tangible fixed assets22/27€1.83M€1.77M▼
Land and buildings22€1.82M€1.76M▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€443k€434k▼
Amounts receivable within one year40/41€6k€7k▲
Trade receivables40€5k-
Other amounts receivable41€788€7k▲
Current investments50/53€426k€427k▲
Cash at bank and in hand54/58€11k€971▼
Equity and liabilities
Total equity and liabilities10/49€2.27M€2.20M▼
Equity10/15€1.74M€1.71M▼
Contributions10/11€504k€504k=
Capital10€498k€498k=
Issued capital100€498k€498k=
Outside capital11€5k€5k=
Share premium1100/10€5k€5k=
Reserves13€699k€699k=
Non-distributable reserves130/1€68k€68k=
Legal reserve130€26k€26k=
Reserves not available under the articles1311€42k€42k=
Tax-exempt reserves132€16k€16k=
Distributable reserves133€615k€615k=
Profit (loss) carried forward14€533k€507k▼
Amounts payable17/49€533k€493k▼
Amounts payable within one year42/48€533k€493k▼
Trade debts44€10k€18k▲
Suppliers440/4€10k€18k▲
Taxes, remuneration and social security45€147k€36k▼
Taxes450/3€147k€36k▼
Other amounts payable47/48€377k€439k▲
Income statement
Code20242025
Non-recurring operating income76A€231k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€58k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€147k€35k▼
Operating profit (loss)9901€92k€-25k▼
Financial income75/76B€66€225▲
Recurring financial income75€66€225▲
Financial charges65/66B€308€2k▲
Recurring financial charges65€308€2k▲
Profit (loss) for the period before taxes9903€92k€-27k▼
Income taxes67/77€27k-
Profit (loss) for the period9904€65k€-27k▼
Profit (loss) for the period to be appropriated9905€65k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€533k€507k▼
Profit (loss) brought forward from the previous period14P€469k€533k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Back to profitnet €199k
Net result €199k after one loss-making year.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-63k ▼119%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Back to profitnet €336k
Net result €336k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.22M ▲38.1%
Equity rises from €883k to €1.22M.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortrijk · 1 establishment unit since 1999
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.
De Paulientjes(Kor) 38500 KortrijkGround area
6,151 m²
Building footprint
885 m²
Volume, LiDAR
7,599 m³
2 parcels, Flanders · tallest building 23.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KOTRAC
since 19992.102.471.436
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H1633/00H000 | Flanders | 5,607 m² | 1 · 666 m² | 23.8 m · 4 fl. |
| 31027D0370/00Z003 | Flanders | 544 m² | 1 · 218 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
FAMILY CENTER QUIEVRAIN
BE 0462.181.244
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SPEELHAL SELECT
BE 0473.769.972
Grimbergen · Eq €1.68M
KUN - IMMO
BE 0417.207.787
Antwerpen · Eq €1.64M
H B W FREETIME
BE 0453.938.224
Brussel · Eq €1.55M
KARTING DES FAGNES
BE 0426.109.419
Couvin · Eq €1.52M
Of 298 companies in sector 93293 we hold annual accounts for 190. 110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-09-1984
Fiscal year end31-12
Activities, NACEBEL
92722
93293Sports, amusement and recreation activities
50200Water transport
61100Wired, wireless and satellite telecommunications
68110Buying and selling of own real estate
70120
71401
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.