T-RACK
ActiveSummary
T-RACK has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €138k. Equity is growing by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+4
Solvency73▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 3.63 against 4.08 in 2024; short-term debt: 27.5% and cash: 41.8% of total assets), but 52% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
48%
Return on assets
22.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
28 d late
2022
on the day
2021
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€291k▲ 86.6%
2024 · €156k
2021: €49k
2022: €109k
2023: €63k
2024: €156k
2021 → 2025
Total assets
€606k▲ 14.9%
2024 · €527k
2021: €200k
2022: €255k
2023: €378k
2024: €527k
2021 → 2025
Net result
€138k▲ 35.0%
2024 · €102k
2021: €44k
2022: €61k
2023: €-47k
2024: €102k
2021 → 2025
Working capital
€439k▲ 11.5%
2024 · €393k
2021: €33k
2022: €90k
2023: €300k
2024: €393k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€109k▲ 125%€63k▼ 42.6%€156k▲ 148%€291k▲ 86.6%
Operating result€44k-€67k▲ 52.4%€-37k€118k€187k▲ 58.2%
Net result€44k-€61k▲ 39.1%€-47k€102k€138k▲ 35.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €606k
Fixed assets
€675 ▼ 89.7%
Current assets
€606k ▲ 16.2%
Equity and liabilities €606k
Equity
€291k ▲ 86.6%
Debt
€315k ▼ 15.1%
Debt's share of the balance-sheet total falls from 70.4% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€193k▲
2024 · €127k
Cash flow
€143k▲
2024 · €111k
Current ratio
3.63▼
2024 · 4.08
Quick ratio
2.55▼
2024 · 2.67
Debt to equity
1.08▼
2024 · 2.38
ROE
47.3%▼
2024 · 65.4%
ROA
22.7%▲
2024 · 19.3%
Interest coverage
15.15▼
2024 · 20.27
Debt ≤ 1 year
€167k▲
2024 · €128k
Debt > 1 year
€140k▼
2024 · €240k
Income taxes
€47k▲
2024 · €17k
Staff costs
€65k▲
2024 · €61k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€527k€606k▲
Fixed assets21/28€7k€675▼
Tangible fixed assets22/27€7k€675▼
Furniture and vehicles24€2k€0▼
Other tangible fixed assets26€5k€675▼
Current assets29/58€521k€606k▲
Stocks and contracts in progress3€180k€180k▲
Stocks30/36€180k€180k▲
Amounts receivable within one year40/41€153k€171k▲
Trade receivables40€145k€164k▲
Other amounts receivable41€8k€7k▼
Cash at bank and in hand54/58€188k€254k▲
Deferred charges and accrued income490/1€852€217▼
Equity and liabilities
Total equity and liabilities10/49€527k€606k▲
Equity10/15€156k€291k▲
Contributions10/11€5k€5k=
Reserves13€151k€286k▲
Distributable reserves133€151k€286k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€372k€315k▼
Amounts payable after more than one year17€240k€140k▼
Other amounts payable178/9€240k€140k▼
Amounts payable within one year42/48€128k€167k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€68k€131k▲
Suppliers440/4€68k€131k▲
Advances received on contracts in progress46€655€655=
Taxes, remuneration and social security45€36k€18k▼
Taxes450/3€30k€11k▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€23k€17k▼
Accrued charges and deferred income492/3€4k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€61k€65k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€191k€260k▲
Operating profit (loss)9901€118k€187k▲
Financial income75/76B€7k€10k▲
Recurring financial income75€7k€10k▲
Financial charges65/66B€6k€13k▲
Recurring financial charges65€6k€13k▲
Profit (loss) for the period before taxes9903€118k€184k▲
Income taxes67/77€17k€47k▲
Profit (loss) for the period9904€102k€138k▲
Profit (loss) for the period to be appropriated9905€102k€138k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€138k▲
Profit (loss) brought forward from the previous period14P€-47k€0▲
Transfer to equity691/2€46k€135k▲
To other reserves6921€46k€135k▲
Profit to be distributed694/7€9k€3k▼
Return on contributions (dividend)694€9k€3k▼
The notes to these accounts (4 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2021net €138k ▲35%
Operating result €187k, net result €138k, both a record.
30-06
Financial
Equity above €200kEq €291k ▲86.6%
2 profitable years in a row build equity to €291k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €102k
Net result €102k after one loss-making year.
30-06
Financial
Equity above €150kEq €156k ▲148%
Equity rises from €63k to €156k.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-06
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 5.85
Current ratio from 1.65 to 5.85; short-term debt falls from €140k to €62k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100kEq €109k ▲125%
2 profitable years in a row build equity to €109k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ninove · 1 establishment unit since 2019
Ground area
5,305 m²
Building footprint
2,497 m²
Parcel 41048A0592/00Y000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
T-RACK
since 20192.295.493.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41048A0592/00Y000 | Flanders | 5,304 m² | 1 · 2,497 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 9,000 EUR awarded · 9,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 9,000 EUR | 9,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
Similar companies · same sector, comparable size
MAVI - KARTING
BE 0461.515.904
Hensies · Eq €290,315
IM GEARS EUROPE
BE 0541.927.815
Brugge · Eq €288,246
PM SPARE PARTS
BE 0776.509.348
Houthalen-Helchteren · Eq €294,419
WANDRE AUTO PIECES
BE 0869.500.872
Liège · Eq €294,693
CARTEC BELGIE
BE 0892.871.934
Nazareth-De Pinte · Eq €294,717
Of 1,745 companies in sector 46720 we hold annual accounts for 1,083. 767 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2019
Fiscal year end30-06
Activities, NACEBEL 2025
29320Manufacture of motor vehicles, trailers and semi-trailers
46720Wholesale of motor vehicle parts and accessories
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.