NOTRACK
ActiveSummary
NOTRACK has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104k and a net result of €21k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.06 against 7.69 in 2023; short-term debt: 23.9% and cash: 59.2% of total assets), and 23.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
41 d early
2022
46 d early
2021
38 d early
2020
30 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€104k▲ 7.0%
2023 · €97k
2018: €53klowest in 7 years
2019: €67k▲ +26.1% vs 2018
2020: €81k▲ +20.3% vs 2019
2021: €89k▲ +10.1% vs 2020
2022: €95k▲ +7.4% vs 2021
2023: €97k▲ +1.9% vs 2022
2024: €104k▲ +7.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€137k▲ 23.3%
2023 · €111k
2018: €62klowest in 7 years
2019: €73k▲ +18.6% vs 2018
2020: €87k▲ +19.3% vs 2019
2021: €106k▲ +21.5% vs 2020
2022: €109k▲ +2.8% vs 2021
2023: €111k▲ +1.9% vs 2022
2024: €137k▲ +23.3% vs 2023highest in 7 years
2018 → 2024
Net result
€21k▲ 33.5%
2023 · €15k
2018: €13k
2019: €14k▲ +6.4% vs 2018
2020: €14k▼ -2.1% vs 2019
2021: €10k▼ -24.3% vs 2020lowest in 7 years
2022: €14k▲ +34.7% vs 2021
2023: €15k▲ +11.8% vs 2022
2024: €21k▲ +33.5% vs 2023highest in 7 years
2018 → 2024
Working capital
€100k▲ 9.4%
2023 · €91k
2018: €51klowest in 7 years
2019: €66k▲ +28.2% vs 2018
2020: €77k▲ +17.6% vs 2019
2021: €84k▲ +8.6% vs 2020
2022: €90k▲ +6.5% vs 2021
2023: €91k▲ +1.8% vs 2022
2024: €100k▲ +9.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€89k▲ 10.1%€95k▲ 7.4%€97k▲ 1.9%€104k▲ 7.0%
2020: €81klowest in 5 years
2021: €89k▲ +10.1% vs 2020
2022: €95k▲ +7.4% vs 2021
2023: €97k▲ +1.9% vs 2022
2024: €104k▲ +7.0% vs 2023highest in 5 years
Operating result€20k-€17k▼ 15.5%€20k▲ 13.1%€23k▲ 18.0%€30k▲ 30.5%
2020: €20k
2021: €17k▼ -15.5% vs 2020lowest in 5 years
2022: €20k▲ +13.1% vs 2021
2023: €23k▲ +18.0% vs 2022
2024: €30k▲ +30.5% vs 2023highest in 5 years
Net result€14k-€10k▼ 24.3%€14k▲ 34.7%€15k▲ 11.8%€21k▲ 33.5%
2020: €14k
2021: €10k▼ -24.3% vs 2020lowest in 5 years
2022: €14k▲ +34.7% vs 2021
2023: €15k▲ +11.8% vs 2022
2024: €21k▲ +33.5% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €137k
Fixed assets
€4k ▼ 29.7%
Current assets
€132k ▲ 26.3%
Equity and liabilities €137k
Equity
€104k ▲ 7.0%
Debt
€33k ▲ 139%
Debt's share of the balance-sheet total rises from 12.3% to 23.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▲
2023 · €26k
Cash flow
€23k▲
2023 · €19k
Current ratio
4.06▼
2023 · 7.69
Quick ratio
4.02▼
2023 · 7.58
Debt to equity
0.31▲
2023 · 0.14
ROE
19.9%▲
2023 · 15.9%
ROA
15.1%▲
2023 · 14.0%
Interest coverage
21.66▲
2023 · 14.02
Debt ≤ 1 year
€33k▲
2023 · €14k
Income taxes
€8k▲
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€111k€137k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€450€450=
Current assets29/58€105k€132k▲
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€81k€49k▼
Trade receivables40€78k€45k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€20k€81k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€111k€137k▲
Equity10/15€97k€104k▲
Contributions10/11€19k€19k=
Reserves13€79k€85k▲
Distributable reserves133€79k€85k▲
Amounts payable17/49€14k€33k▲
Amounts payable within one year42/48€14k€33k▲
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€8k€21k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€130
Other operating charges640/8€219€297▲
Gross operating margin9900€26k€33k▲
Operating profit (loss)9901€23k€30k▲
Financial income75/76B€727€431▼
Recurring financial income75€727€431▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€22k€29k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€15k€21k▲
Profit (loss) for the period to be appropriated9905€15k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€21k▲
Transfer from equity791/2€14k€14k▲
Transfer to equity691/2€15k€21k▲
To other reserves6921€15k€21k▲
Profit to be distributed694/7€14k€14k▲
Return on contributions (dividend)694€14k€14k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €499 | €1k | €2k | €3k | €2k | ▼ 19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €130 | - |
| Other operating charges640/8 | - | €217 | €376 | €219 | €297 | ▲ 35.5% |
| Gross operating margin9900 | €21k | €19k | €22k | €26k | €33k | ▲ 25.3% |
| Operating profit (loss)9901 | €20k | €17k | €20k | €23k | €30k | ▲ 30.5% |
| Financial income75/76B | - | €376 | €360 | €727 | €431 | ▼ 40.7% |
| Recurring financial income75 | €405 | €376 | €360 | €727 | €431 | ▼ 40.7% |
| Financial charges65/66B | - | €601 | €508 | €2k | €2k | ▼ 19.3% |
| Recurring financial charges65 | €1k | €601 | €508 | €2k | €2k | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €20k | €17k | €19k | €22k | €29k | ▲ 32.4% |
| Income taxes67/77 | €6k | €7k | €6k | €6k | €8k | ▲ 29.6% |
| Profit (loss) for the period9904 | €14k | €10k | €14k | €15k | €21k | ▲ 33.5% |
| Transfer from tax-exempt reserves789 | - | €9k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €16k | €19k | €14k | €15k | €21k | ▲ 33.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €106k | €109k | €111k | €137k | ▲ 23.3% |
| Fixed assets21/28 | €3k | €5k | €6k | €6k | €4k | ▼ 29.7% |
| Tangible fixed assets22/27 | €3k | €4k | €5k | €6k | €4k | ▼ 32.1% |
| Plant, machinery and equipment23 | - | €3k | €5k | €3k | €1k | ▼ 44.7% |
| Furniture and vehicles24 | - | €953 | €469 | €3k | €2k | ▼ 21.6% |
| Financial fixed assets28 | €450 | €450 | €450 | €450 | €450 | = |
| Current assets29/58 | €84k | €101k | €103k | €105k | €132k | ▲ 26.3% |
| Stocks and contracts in progress3 | €8k | €3k | €2k | €2k | €1k | ▼ 16.1% |
| Stocks30/36 | - | €3k | €2k | €2k | €1k | ▼ 16.1% |
| Amounts receivable within one year40/41 | €49k | €70k | €35k | €81k | €49k | ▼ 39.3% |
| Trade receivables40 | - | €50k | €31k | €78k | €45k | ▼ 42.5% |
| Other amounts receivable41 | - | €20k | €4k | €3k | €4k | ▲ 56.3% |
| Cash at bank and in hand54/58 | €26k | €27k | €64k | €20k | €81k | ▲ 310% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €3k | €1k | ▼ 53.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €106k | €109k | €111k | €137k | ▲ 23.3% |
| Equity10/15 | €81k | €89k | €95k | €97k | €104k | ▲ 7.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €62k | €70k | €77k | €79k | €85k | ▲ 8.7% |
| Non-distributable reserves130/1 | - | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | - | - | - |
| Distributable reserves133 | - | €69k | €75k | €79k | €85k | ▲ 8.7% |
| Amounts payable17/49 | €6k | €17k | €13k | €14k | €33k | ▲ 139% |
| Amounts payable within one year42/48 | €6k | €17k | €13k | €14k | €33k | ▲ 139% |
| Trade debts44 | €5k | €13k | €11k | €4k | €9k | ▲ 155% |
| Suppliers440/4 | - | €13k | €11k | €4k | €9k | ▲ 155% |
| Taxes, remuneration and social security45 | - | €4k | €3k | €2k | €2k | ▲ 16.4% |
| Taxes450/3 | - | €4k | €3k | €2k | €2k | ▲ 16.4% |
| Other amounts payable47/48 | - | - | - | €8k | €21k | ▲ 165% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €10k | €14k | €15k | €21k | ▲ 33.5% |
| + Depreciation and write-downs630 | €499 | €1k | €2k | €3k | €2k | ▼ 19.5% |
| Operating cash flow (approximation) | €14k | €12k | €16k | €19k | €23k | ▲ 24.8% |
| Investment in fixed assets (approximation) | - | €-3k | €-3k | €-3k | €-651 | ▲ 80.2% |
| Change in cash | - | €2k | €36k | €-44k | €61k | ▲ 239% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €21k ▲33.5%
Operating result €30k, net result €21k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲7%
7 profitable years in a row build equity to €104k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €10k ▼24.3%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Lochristi · 1 establishment unit since 2004
Ground area
884 m²
Building footprint
128 m²
Volume, LiDAR
616 m³
Parcel 44034C0987/00R002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
geen
since 20042.137.663.927
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0987/00R002 | Flanders | 884 m² | 1 · 128 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,791 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
Founded21-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.