TRACKONNECT
ActiveSummary
TRACKONNECT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,844 and a net result of €14,687. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 16% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+16
Solvency38▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 4.05 against 3.29 in 2024; short-term debt: 8.5% and cash: 3.4% of total assets), but 86.8% of the assets are financed with debt.
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Signals
Five 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 · 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
13.2%
Return on assets
3.5%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 16%
← weakest
strongest →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
99 d early
2023
20 d early
2022
4 d early
2021
22 d late
2020
31 d late
2019
24 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 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€55,844▲ 30.4%
2024 · €42,823
Total assets
€422,702▼ 3.1%
2024 · €436,248
Net result
€14,687▲ 146%
2024 · €5,967
Working capital
€109,024▲ 14.4%
2024 · €95,306
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,368€26,132▼ 26.1%€9,627▼ 63.2%€20,453▲ 112%€27,631▲ 35.1%
Net result€28,283above the sector's middle half€15,149within the sector's middle half▼ 46.4%€5,744within the sector's middle half▼ 62.1%€5,967within the sector's middle half▲ 3.9%€14,687within the sector's middle half▲ 146%
Equity€24,330within the sector's middle half€37,880within the sector's middle half▲ 55.7%€40,292within the sector's middle half▲ 6.4%€42,823within the sector's middle half▲ 6.3%€55,844within the sector's middle half▲ 30.4%
Total assets€82,057within the sector's middle half▲ 3,128%€113,136within the sector's middle half▲ 37.9%€450,660above the sector's middle half▲ 298%€436,248above the sector's middle half▼ 3.2%€422,702above the sector's middle half▼ 3.1%
Debt€57,726▲ 1,079%€75,256▲ 30.4%€410,368▲ 445%€393,426▼ 4.1%€366,858▼ 6.8%
Working capital€14,434€9,269▼ 35.8%€88,371▲ 853%€95,306▲ 7.8%€109,024▲ 14.4%
Solvency29.7%within the sector's middle half33.5%within the sector's middle half▲ 3.8pp8.9%below the sector's middle half▼ 24.5pp9.8%below the sector's middle half▲ 0.9pp13.2%below the sector's middle half▲ 3.4pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422,702
Fixed assets
€277,950 ▼ 7.2%
Current assets
€144,752 ▲ 5.7%
Equity and liabilities €422,702
Equity
€55,844 ▲ 30.4%
Debt
€366,858 ▼ 6.8%
Debt's share of the balance-sheet total falls from 90.2% to 86.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,604▲
2024 · €51,395
Cash flow
€46,660▲
2024 · €36,909
Current ratio
4.05▲
2024 · 3.29
Quick ratio
3.38▲
2024 · 2.73
Debt to equity
6.57▼
2024 · 9.19
ROE
26.3%▲
2024 · 13.9%
ROA
3.5%▲
2024 · 1.4%
Interest coverage
4.65▲
2024 · 3.04
Debt ≤ 1 year
€35,728▼
2024 · €41,583
Debt > 1 year
€330,247▼
2024 · €351,843
Income taxes
€4,068▲
2024 · €2,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,500 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,120 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,854 | €12,645 | €16,872 | €30,943 | €31,973 | ▲ 3.3% |
| Other operating charges640/8 | €274 | €606 | €1,808 | €5,113 | €4,745 | ▼ 7.2% |
| Gross operating margin9900 | €37,496 | €45,503 | €28,308 | €56,509 | €64,350 | ▲ 13.9% |
| Operating profit (loss)9901 | €35,368 | €26,132 | €9,627 | €20,453 | €27,631 | ▲ 35.1% |
| Financial income75/76B | €0 | €0 | €0 | €4,597 | €3,929 | ▼ 14.5% |
| Recurring financial income75 | €0 | €0 | €0 | €4,597 | €3,929 | ▼ 14.5% |
| Financial charges65/66B | €637 | €1,856 | €1,391 | €16,911 | €12,805 | ▼ 24.3% |
| Recurring financial charges65 | €637 | €1,856 | €1,391 | €16,911 | €12,805 | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €34,732 | €24,276 | €8,236 | €8,138 | €18,755 | ▲ 130% |
| Income taxes67/77 | €6,449 | €9,127 | €2,492 | €2,172 | €4,068 | ▲ 87.3% |
| Profit (loss) for the period9904 | €28,283 | €15,149 | €5,744 | €5,967 | €14,687 | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | €28,283 | €15,149 | €5,744 | €5,967 | €14,687 | ▲ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,057 | €113,136 | €450,660 | €436,248 | €422,702 | ▼ 3.1% |
| Fixed assets21/28 | €31,575 | €64,371 | €325,542 | €299,360 | €277,950 | ▼ 7.2% |
| Tangible fixed assets22/27 | €31,575 | €64,371 | €325,542 | €299,360 | €277,950 | ▼ 7.2% |
| Land and buildings22 | - | - | €275,737 | €261,929 | €255,405 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €6,629 | €6,514 | €8,589 | €5,963 | ▼ 30.6% |
| Furniture and vehicles24 | €31,575 | €57,742 | €43,292 | €28,841 | €16,583 | ▼ 42.5% |
| Current assets29/58 | €50,481 | €48,764 | €125,118 | €136,888 | €144,752 | ▲ 5.7% |
| Stocks and contracts in progress3 | - | - | - | €23,570 | €24,099 | ▲ 2.2% |
| Stocks30/36 | - | - | - | €23,570 | €24,099 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €24,631 | €23,439 | €93,972 | €91,989 | €99,007 | ▲ 7.6% |
| Trade receivables40 | €22,490 | €22,865 | €16,076 | €18,022 | €28,138 | ▲ 56.1% |
| Other amounts receivable41 | €2,141 | €574 | €77,896 | €73,967 | €70,869 | ▼ 4.2% |
| Cash at bank and in hand54/58 | €24,474 | €23,159 | €29,003 | €11,758 | €14,187 | ▲ 20.7% |
| Deferred charges and accrued income490/1 | €1,376 | €2,166 | €2,143 | €9,572 | €7,459 | ▼ 22.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,057 | €113,136 | €450,660 | €436,248 | €422,702 | ▼ 3.1% |
| Equity10/15 | €24,330 | €37,880 | €40,292 | €42,823 | €55,844 | ▲ 30.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €18,130 | €31,680 | €34,092 | €36,623 | €49,644 | ▲ 35.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €16,270 | €29,820 | €34,092 | €36,623 | €49,644 | ▲ 35.6% |
| Amounts payable17/49 | €57,726 | €75,256 | €410,368 | €393,426 | €366,858 | ▼ 6.8% |
| Amounts payable after more than one year17 | €21,080 | €35,761 | €373,621 | €351,843 | €330,247 | ▼ 6.1% |
| Financial debts170/4 | €21,080 | €35,761 | €373,621 | €351,843 | €330,247 | ▼ 6.1% |
| Amounts payable within one year42/48 | €36,047 | €39,496 | €36,747 | €41,583 | €35,728 | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | €13,780 | €11,246 | €19,912 | €22,368 | €21,021 | ▼ 6.0% |
| Financial debts43 | - | - | - | €822 | €138 | ▼ 83.2% |
| Credit institutions430/8 | - | - | - | €822 | €138 | ▼ 83.2% |
| Trade debts44 | €2,052 | €10,049 | €3,745 | €7,770 | €6,398 | ▼ 17.7% |
| Suppliers440/4 | €2,052 | €10,049 | €3,745 | €7,770 | €6,398 | ▼ 17.7% |
| Taxes, remuneration and social security45 | €9,571 | €10,350 | €10,257 | €7,702 | €6,755 | ▼ 12.3% |
| Taxes450/3 | €9,571 | €9,530 | €8,891 | €7,702 | €6,755 | ▼ 12.3% |
| Remuneration and social security454/9 | - | €820 | €1,367 | - | - | - |
| Other amounts payable47/48 | €10,644 | €7,850 | €2,832 | €2,921 | €1,416 | ▼ 51.5% |
| Accrued charges and deferred income492/3 | €600 | - | - | - | €883 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,283 | €15,149 | €5,744 | €5,967 | €14,687 | ▲ 146% |
| + Depreciation and write-downs630 | €1,854 | €12,645 | €16,872 | €30,943 | €31,973 | ▲ 3.3% |
| Operating cash flow (approximation) | €30,137 | €27,794 | €22,617 | €36,909 | €46,660 | ▲ 26.4% |
| Investment in fixed assets (approximation) | - | -€45,440 | -€278,043 | -€4,760 | -€10,563 | ▼ 122% |
| Change in cash | - | -€1,315 | €5,844 | -€17,246 | €2,429 | ▲ 114% |
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
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.40
Current ratio from 1.23 to 3.40; short-term debt falls from €39,496 to €36,747.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €28,283
Net result €28,283 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.40
Current ratio from 0.52 to 1.40.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€854
Net result drops to -€854, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,973
Net result €3,973 after one loss-making year.
Show earlier events
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Hechtel-Eksel · 1 establishment unit since 2014
Ground area
1,147 m²
Building footprint
124 m²
Volume, LiDAR
582 m³
Parcel 72006D0044/00H002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Trackonnect
since 20142.228.757.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006D0044/00H002 | Flanders | 1,147 m² | 1 · 124 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
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NK PROJECT
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CALLEBAUT ELECTRIC & DATA
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EVENS KOEN ELEKTRO
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,645 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
Founded26-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0548898947
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.