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M-Trac

Active
Private limited companyfounded 199531 yrs activeBoekelbaan(SBB) 1/001, 9630 Zwalm, BelgiumKBO/BCE: BE 0454.831.614
Summary

M-Trac has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €41,114. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 56% of 9592 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
M-TracActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46610NACE 51880
#1 company by equity in Zwalm, Wholesale and retail trade sector1 site
Size
€3.6mtotal assets 2025
Staff
2.6 FTE
Equity
€1.8m
Profit
€41,114
Turnover not published (abridged schema)
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
ANCHA CONSTRUCT · 100%
Accounts 57 d early1 of 6 deeds read
Why 94+ Size: 2.6 FTE, total assets €3.6m+ Figures for FY 2025 (filed 06-06-2026)+ Founded in 1995+ Equity €1.8m (49.7% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 55% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 75+42
equity 49.7% of total assets
Liquidity 38-8
short-term debt 39.1% · cash 5.3%
Profitability 35+21
return on assets 1.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,788 companies)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● 0.0% vs 11-2024 01-2025: 0.8%● 0.0% vs 12-2024 02-2025: 0.8%▲ +1.9% vs 01-2025 03-2025: 1.0%▲ +18.5% vs 02-2025 04-2025: 1.0%▲ +2.9% vs 03-2025 05-2025: 1.0%▲ +0.6% vs 04-2025 06-2025: 1.0%▲ +1.5% vs 05-2025 07-2025: 1.3%▲ +28.5% vs 06-2025 08-2025: 1.3%● 0.0% vs 07-2025 09-2025: 1.3%● 0.0% vs 08-2025 10-2025: 1.3%● 0.0% vs 09-2025 11-2025: 1.3%● 0.0% vs 10-2025 12-2025: 1.3%● 0.0% vs 11-2025 01-2026: 1.3%▼ -1.2% vs 12-2025 02-2026: 1.4%▲ +1.8% vs 01-2026 03-2026: 1.6%▲ +15.8% vs 02-2026 04-2026: 1.6%▲ +1.3% vs 03-2026 05-2026: 1.6%▲ +0.3% vs 04-2026 06-2026: 1.6%▲ +3.1% vs 05-2026highest value 07-2026: 0.1%▼ -95.7% vs 06-2026lowest value 08-2026: 0.1%● 0.0% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Size: 2.6 FTE, total assets €3.6m lowers the probability for this profile
  • Figures for FY 2025 (filed 06-06-2026) lowers the probability
  • Founded in 1995 lowers the probability for this profile
  • Equity €1.8m (49.7% of total assets) lowers the probability
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 1.57 in 2024; short-term debt: 39.1% and cash: 5.3% of total assets), but 50.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 57%, liquidity 36%, profitability 28%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Size: 2.6 FTE, total assets €3.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 06-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1995
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €1.8m (49.7% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.8m
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
57 d early
2024
56 d early
2023
20 d early
2022
32 d early
2021
59 d early
2020
58 d early
2019
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 5 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Resignation: Yves Van den Dorpe (director)Permanent representative: Maxim Van den…
  3. Back to profitnet €41,114

Key points

  • Positive: Equity rose in 2025from €285,074 to €1.8m ▲ 533% View
  • Positive: Company by equity in Zwalm, Wholesale and retail…in the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by ANCHA CONSTRUCTultimately: YVFI 100% View
  • A director leftlatest change 07-11-2025 · 0 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€3.6m
Profit
€41,114
Solvency
49.7%
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 04-06-2026Annual accounts filed
  2. 02-06-2026Resignation: Yves Van den Dorpe (director)
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46610
Founded
15-03-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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