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MICROTRON

Active
Public limited companyfounded 1984active for 42 yearsGeneraal De Wittelaan 7, 2800 Mechelen, BelgiumKBO/BCE: BE 0426.416.255
Summary

MICROTRON has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €368,587. Equity is growing by about 4.8% per year across the filed financial years. Its solvency ranks better than 41% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, full format

Turnover
€11.0m
EBIT margin
4.0%
Net result
€368,587▲ 446%
2024 · €67,461
Working capital
€442,530▲ 15.1%
2024 · €384,447
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result has risen four years in a row; 2025 is 130% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.4m 2025 Net result€0.4m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€11.0m
Operating result€0.1m-€0.01m▼ 89.7%-€0.1m€0.1m€0.2m▲ 96.9%€0.2m▲ 1.2%€0.4m▲ 130%
Net result€0.03m--€0.06mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 205%€0.05mwithin the sector's middle half€0.03mwithin the sector's middle half▼ 42.0%€0.07mwithin the sector's middle half▲ 113%€0.4mwithin the sector's middle half▲ 446%
EBIT margin4.0%
Equity€0.8m-€0.8mwithin the sector's middle half▼ 6.8%€0.6mwithin the sector's middle half▼ 22.2%€0.7mwithin the sector's middle half▲ 9.1%€0.7mwithin the sector's middle half▲ 4.8%€0.8mwithin the sector's middle half▲ 9.8%€1.0mwithin the sector's middle half▲ 32.9%
Total assets€4.2m-€4.3mabove the sector's middle half▲ 2.9%€4.6mabove the sector's middle half▲ 6.9%€4.3mabove the sector's middle half▼ 7.1%€4.0mabove the sector's middle half▼ 5.4%€3.6mabove the sector's middle half▼ 10.6%€2.7mwithin the sector's middle half▼ 26.0%
Debt€3.3m-€3.5m▲ 5.3%€4.0m▲ 13.3%€3.6m▼ 9.5%€3.3m▼ 7.2%€2.8m▼ 14.9%€1.7m▼ 41.7%
Working capital€0.6m-€0.5mwithin the sector's middle half▼ 17.7%€0.3mwithin the sector's middle half▼ 42.0%€0.4mwithin the sector's middle half▲ 26.5%€0.3mwithin the sector's middle half▼ 24.6%€0.4mwithin the sector's middle half▲ 40.6%€0.4mwithin the sector's middle half▲ 15.1%
Solvency19.9%-18.1%below the sector's middle half▼ 1.9pp13.1%below the sector's middle half▼ 4.9pp15.4%below the sector's middle half▲ 2.3pp17.1%below the sector's middle half▲ 1.7pp21.0%below the sector's middle half▲ 3.9pp37.7%within the sector's middle half▲ 16.7pp
Current ratio1.19-1.14below the sector's middle half▼ 0.041.07below the sector's middle half▼ 0.071.10below the sector's middle half▲ 0.031.08below the sector's middle half▼ 0.021.14below the sector's middle half▲ 0.061.27within the sector's middle half▲ 0.13
Return on assets (ROA)0.8%--1.3%below the sector's middle half▼ 2.1pp-3.7%below the sector's middle half▼ 2.4pp1.3%within the sector's middle half▲ 5.0pp0.8%within the sector's middle half▼ 0.5pp1.9%within the sector's middle half▲ 1.1pp13.8%above the sector's middle half▲ 12.0pp
Staff (FTE)16.2-14.3above the sector's middle half▼ 11.7%13.8above the sector's middle half▼ 3.5%12.9above the sector's middle half▼ 6.5%15above the sector's middle half▲ 16.3%11.8above the sector's middle half▼ 21.3%10.2within the sector's middle half▼ 13.6%
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2025 Net result +446% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets €584,225 ▲ 40.7%
Current assets €2.1m ▼ 34.7%
Equity and liabilities €2.7m
Equity €1.0m ▲ 32.9%
Debt €1.7m ▼ 41.7%
Debt's share of the balance-sheet total falls from 79.0% to 62.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€519,654▲
2024 · €277,006
Cash flow
€447,390▲
2024 · €152,457
Quick ratio
0.87▲
2024 · 0.75
Debt to equity
1.65▼
2024 · 3.76
ROE
36.7%▲
2024 · 8.9%
Interest coverage
16.03▲
2024 · 2.73
Debt ≤ 1 year
€1.6m▼
2024 · €2.8m
Debt > 1 year
€22,528▼
2024 · €29,996
Income taxes
€56,869▲
2024 · €45,314
Staff costs
€1.0m▼
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.6m€2.7m▼
Fixed assets21/28€0.4m€0.6m▲
Intangible fixed assets21€0.002m€0.1m▲
Tangible fixed assets22/27€0.4m€0.4m▼
Land and buildings22€0.1m€0.09m▼
Plant, machinery and equipment23€0.06m€0.04m▼
Furniture and vehicles24€0.1m€0.1m▼
Leasing and similar rights25€0.007m€0▼
Other tangible fixed assets26€0.1m€0.1m=
Financial fixed assets28-€0.1m
Affiliated companies280/1-€0.1m
Participating interests280-€0.1m
Current assets29/58€3.2m€2.1m▼
Stocks and contracts in progress3€1.1m€0.7m▼
Stocks30/36€1.1m€0.7m▼
Goods purchased for resale34-€0.7m
Amounts receivable within one year40/41€2.1m€1.3m▼
Trade receivables40€1.2m€1.3m▲
Other amounts receivable41€0.8m€0.01m▼
Cash at bank and in hand54/58€0.04m€0.1m▲
Equity and liabilities
Total equity and liabilities10/49€3.6m€2.7m▼
Equity10/15€0.8m€1.0m▲
Contributions10/11€0.7m€0.7m=
Capital10€0.7m€0.7m=
Issued capital100€0.7m€0.7m=
Reserves13€0.07m€0.3m▲
Non-distributable reserves130/1€0.07m€0.07m=
Legal reserve130€0.07m€0.07m=
Distributable reserves133-€0.2m
Profit (loss) carried forward14-€0.04m€0▲
Amounts payable17/49€2.8m€1.7m▼
Amounts payable after more than one year17€0.03m€0.02m▼
Financial debts170/4€0.03m€0.02m▼
Credit institutions173-€0.02m
Amounts payable within one year42/48€2.8m€1.6m▼
Current portion of amounts payable after more than one year42€0.02m€0.03m▲
Financial debts43€1.7m€0.9m▼
Credit institutions430/8€1.7m€0.9m▼
Trade debts44€0.9m€0.3m▼
Suppliers440/4€0.9m€0.3m▼
Taxes, remuneration and social security45€0.2m€0.1m▼
Taxes450/3€0.05m€0.01m▼
Remuneration and social security454/9€0.1m€0.1m▼
Other amounts payable47/48-€0.3m
Accrued charges and deferred income492/3€0.01m€0▼
Income statement Code20242025
Operating income70/76A-€11.5m
Turnover70-€11.0m
Other operating income74-€0.5m
Operating charges60/66A-€11.1m
Goods for resale, raw materials and consumables60-€8.2m
Purchases600/8-€7.8m
Change in stocks: decrease (increase)609-€0.4m
Services and other goods61-€1.6m
Remuneration, social security and pensions62€1.2m€1.0m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.08m€0.08m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.001m€0.04m▲
Other operating charges640/8€0.04m€0.04m▲
Non-recurring operating charges66A-€0.1m
Gross operating margin9900€1.5m-
Operating profit (loss)9901€0.2m€0.4m▲
Financial income75/76B€0.02m€0.1m▲
Recurring financial income75€0.02m€0.009m▼
Income from current assets751-€0
Other financial income752/9-€0.009m
Non-recurring financial income76B-€0.1m
Financial charges65/66B€0.1m€0.1m▲
Recurring financial charges65€0.1m€0.1m▲
Debt charges650-€0.03m
Other financial charges652/9-€0.1m
Profit (loss) for the period before taxes9903€0.1m€0.4m▲
Income taxes67/77€0.05m€0.06m▲
Taxes670/3-€0.06m
Profit (loss) for the period9904€0.07m€0.4m▲
Profit (loss) for the period to be appropriated9905€0.07m€0.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.3m€0.3m▲
Profit (loss) brought forward from the previous period14P-€0.4m-€0.04m▲
Transfer from equity791/2€0.3m€0▼
From reserves792-€0
Transfer to equity691/2-€0.2m
To other reserves6921-€0.2m
Profit to be distributed694/7-€0.1m
Directors or managers695-€0.1m
Social balance sheet
Average headcount (FTE)908711.810.2▼

The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Operating income70/76A------€11.5m-
Turnover70------€11.0m-
Other operating income74------€0.5m-
Non-recurring operating income76A----€0.3m---
Operating charges60/66A------€11.1m-
Goods for resale, raw materials and consumables60------€8.2m-
Purchases600/8------€7.8m-
Change in stocks: decrease (increase)609------€0.4m-
Services and other goods61------€1.6m-
Remuneration, social security and pensions62--€1.4m€1.1m€1.3m€1.2m€1.0m▼ 13.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.08m€0.07m€0.07m€0.07m€0.08m€0.08m▼ 7.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€0.002m€0.04m€0.07m-€0.001m€0.04m-
Other operating charges640/8--€0.03m€0.03m€0.04m€0.04m€0.04m▲ 3.5%
Non-recurring operating charges66A------€0.1m-
Gross operating margin9900€1.4m€1.2m€1.3m€1.4m€1.7m€1.5m--
Operating profit (loss)9901€0.1m€0.01m-€0.1m€0.1m€0.2m€0.2m€0.4m▲ 130%
Financial income75/76B--€0.04m€0.05m€0.05m€0.02m€0.1m▲ 505%
Recurring financial income75€0.03m€0.02m€0.04m€0.05m€0.05m€0.02m€0.009m▼ 59.9%
Income from current assets751------€0-
Other financial income752/9------€0.009m-
Non-recurring financial income76B------€0.1m-
Financial charges65/66B--€0.08m€0.08m€0.2m€0.1m€0.1m▲ 47.5%
Recurring financial charges65€0.07m€0.08m€0.08m€0.08m€0.2m€0.1m€0.1m▲ 47.5%
Debt charges650------€0.03m-
Other financial charges652/9------€0.1m-
Profit (loss) for the period before taxes9903€0.08m-€0.05m-€0.2m€0.07m€0.07m€0.1m€0.4m▲ 277%
Income taxes67/77€0.05m€0.006m€0.004m€0.02m€0.04m€0.05m€0.06m▲ 25.5%
Taxes670/3------€0.06m-
Profit (loss) for the period9904€0.03m-€0.06m-€0.2m€0.05m€0.03m€0.07m€0.4m▲ 446%
Profit (loss) for the period to be appropriated9905€0.03m-€0.06m-€0.2m€0.05m€0.03m€0.07m€0.4m▲ 446%
Line2019202020212022202320242025Change
Assets
Total assets20/58€4.2m€4.3m€4.6m€4.3m€4.0m€3.6m€2.7m▼ 26.0%
Fixed assets21/28€0.3m€0.4m€0.4m€0.3m€0.4m€0.4m€0.6m▲ 40.7%
Intangible fixed assets21----€0.003m€0.002m€0.1m▲ 58×
Tangible fixed assets22/27€0.3m€0.4m€0.4m€0.3m€0.4m€0.4m€0.4m▼ 12.5%
Land and buildings22--€0.05m€0.04m€0.1m€0.1m€0.09m▼ 18.8%
Plant, machinery and equipment23--€0.06m€0.05m€0.08m€0.06m€0.04m▼ 29.8%
Furniture and vehicles24--€0.1m€0.09m€0.09m€0.1m€0.1m▼ 5.8%
Leasing and similar rights25--€0.03m€0.02m€0.01m€0.007m€0▼ 100%
Other tangible fixed assets26--€0.1m€0.1m€0.1m€0.1m€0.1m=
Financial fixed assets28------€0.1m-
Affiliated companies280/1------€0.1m-
Participating interests280------€0.1m-
Current assets29/58€3.8m€3.9m€4.2m€3.9m€3.6m€3.2m€2.1m▼ 34.7%
Stocks and contracts in progress3€0.9m€0.9m€0.9m€1.2m€1.1m€1.1m€0.7m▼ 39.1%
Stocks30/36--€0.9m€1.2m€1.1m€1.1m€0.7m▼ 39.1%
Goods purchased for resale34------€0.7m-
Amounts receivable within one year40/41€2.9m€2.9m€3.2m€2.7m€2.3m€2.1m€1.3m▼ 35.7%
Trade receivables40--€2.1m€2.2m€1.3m€1.2m€1.3m▲ 8.4%
Other amounts receivable41--€1.1m€0.5m€1.0m€0.8m€0.01m▼ 98.6%
Cash at bank and in hand54/58€0.04m€0.2m€0.1m€0.08m€0.2m€0.04m€0.1m▲ 121%
Equity and liabilities
Total equity and liabilities10/49€4.2m€4.3m€4.6m€4.3m€4.0m€3.6m€2.7m▼ 26.0%
Equity10/15€0.8m€0.8m€0.6m€0.7m€0.7m€0.8m€1.0m▲ 32.9%
Contributions10/11€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m=
Capital10--€0.7m€0.7m€0.7m€0.7m€0.7m=
Issued capital100--€0.7m€0.7m€0.7m€0.7m€0.7m=
Reserves13€0.3m€0.3m€0.3m€0.3m€0.3m€0.07m€0.3m▲ 282%
Non-distributable reserves130/1--€0.07m€0.07m€0.07m€0.07m€0.07m=
Legal reserve130--€0.07m€0.07m€0.07m€0.07m€0.07m=
Distributable reserves133--€0.3m€0.3m€0.3m-€0.2m-
Profit (loss) carried forward14-€0.2m-€0.3m-€0.5m-€0.4m-€0.4m-€0.04m€0-
Amounts payable17/49€3.3m€3.5m€4.0m€3.6m€3.3m€2.8m€1.7m▼ 41.7%
Amounts payable after more than one year17€0.09m€0.08m€0.05m€0.02m€0.003m€0.03m€0.02m▼ 24.9%
Financial debts170/4--€0.05m€0.02m€0.003m€0.03m€0.02m▼ 24.9%
Credit institutions173------€0.02m-
Amounts payable within one year42/48€3.2m€3.4m€3.9m€3.6m€3.3m€2.8m€1.6m▼ 41.6%
Current portion of amounts payable after more than one year42--€0.05m€0.03m€0.02m€0.02m€0.03m▲ 24.2%
Financial debts43--€1.4m€1.7m€1.4m€1.7m€0.9m▼ 45.8%
Credit institutions430/8--€1.4m€1.7m€1.4m€1.7m€0.9m▼ 45.8%
Trade debts44€1.2m€1.1m€1.2m€0.8m€0.7m€0.9m€0.3m▼ 64.5%
Suppliers440/4--€1.2m€0.8m€0.7m€0.9m€0.3m▼ 64.5%
Taxes, remuneration and social security45--€0.3m€0.3m€0.2m€0.2m€0.1m▼ 35.6%
Taxes450/3--€0.06m€0.1m€0.06m€0.05m€0.01m▼ 73.0%
Remuneration and social security454/9--€0.2m€0.2m€0.1m€0.1m€0.1m▼ 21.6%
Other amounts payable47/48--€1.0m€0.8m€1.0m-€0.3m-
Accrued charges and deferred income492/3--€0.002m€0.006m€0.002m€0.01m€0▼ 100%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€32,964-€56,256-€171,569€54,543€31,633€67,461€368,587▲ 446%
+ Depreciation and write-downs630€87,361€79,832€72,884€66,146€70,628€84,996€78,803▼ 7.3%
Operating cash flow (approximation)€120,326€23,576-€98,684€120,689€102,261€152,457€447,390▲ 193%
Investment in fixed assets (approximation)--€117,901-€73,624-€22,096-€171,603-€79,866-€247,838▼ 210%
Change in cash-€122,988-€41,104-€37,301€152,746-€193,140€52,678-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 40 filings with the National Bank
Financial year Type Filed Reference
29-09-2025 full format 12-02-2026 2026-00037515
29-09-2024 abbreviated format 04-03-2025 2025-00044149
29-09-2023 abbreviated format 29-03-2024 2024-00052267
29-09-2022 abbreviated format 22-03-2023 2023-00044296
29-09-2021 abbreviated format 26-04-2022 2022-20008714
29-09-2020 abbreviated format 30-03-2021 2021-09100327
29-09-2019 abbreviated format 27-02-2020 2020-05900033
29-09-2018 abbreviated format 28-02-2019 2019-06100564
29-09-2017 abbreviated format 27-02-2018 2018-05700425
29-09-2016 full format 26-01-2017 2017-02300292

Show all 40 filings

Similar companies · same sector, comparable size

Of the 2,070 active companies whose main activity is wholesale of information and communication equipment (NACE 46500), figures are known for 1,412. 893 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €50,721 awarded · €18,806 paid
Year Entries AwardedPaid
2025 2 €35,945€3,748
2024 1 €7,500€7,500
2023 1 €3,281€3,563
2022 1 €3,995€3,995
Schemes
1 entry · €34,110 · €1,913 paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
4 entries · €16,611 · €16,893 paid · Fonds voor Innoveren en Ondernemen

Public contracts

1 award · 2025
Semi-Automatic Wafer Probers: JPA2025ID89 - 1
buyer: Imec EU Pilot line NVLaboratory, optical and precision equipmentawarded 20-10-2025€05 tendersTED 709719-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.