Traco
ActiveSummary
Traco has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €106,207. Equity is growing by ~5.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+4
Solvency71=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 7.88 against 5.13 in 2024; short-term debt: 3.5% and cash: 27.6% of total assets), but 53.6% 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
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
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
46.4%
Return on assets
2.5%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
36 d early
2023
26 d early
2022
60 d early
2021
53 d early
2020
13 d late
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.0m▲ 5.6%
2024 · €1.9m
Total assets
€4.3m▲ 5.4%
2024 · €4.1m
Net result
€106,207▲ 27.8%
2024 · €83,101
Working capital
€1.0m▲ 50.3%
2024 · €693,086
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€160,382▼ 47.1%€238,036▲ 48.4%€218,964▼ 8.0%€250,414▲ 14.4%€273,144▲ 9.1%
Net result€59,308▼ 68.5%€117,767▲ 98.6%€82,469▼ 30.0%€83,101▲ 0.8%€106,207▲ 27.8%
Equity€1.6m▲ 3.8%€1.7m▲ 7.4%€1.8m▲ 4.8%€1.9m▲ 4.6%€2.0m▲ 5.6%
Total assets€3.7m▲ 14.2%€3.9m▲ 4.5%€4.0m▲ 2.7%€4.1m▲ 2.4%€4.3m▲ 5.4%
Debt€2.1m▲ 24.1%€2.1m▲ 2.4%€2.1m▲ 1.1%€2.2m▲ 0.6%€2.3m▲ 5.4%
Working capital€8,894▼ 97.9%€334,197▲ 3,658%€535,357▲ 60.2%€693,086▲ 29.5%€1.0m▲ 50.3%
Turnover and EBIT margin not published: the abbreviated or 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 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€3.1m ▼ 3.5%
Current assets
€1.2m ▲ 38.6%
Equity and liabilities €4.3m
Equity
€2.0m ▲ 5.6%
Provisions
€27,301 ▼ 3.4%
Debt
€2.3m ▲ 5.4%
Debt's share of the balance-sheet total stays at 53.0%.
Key figures and ratios
EBITDA
€384,470▲
2024 · €365,045
Cash flow
€217,533▲
2024 · €197,732
Current ratio
7.88▲
2024 · 5.13
Debt to equity
1.14▼
2024 · 1.15
ROE
5.3%▲
2024 · 4.4%
ROA
2.5%▲
2024 · 2.0%
Interest coverage
2.61▲
2024 · 2.27
Debt ≤ 1 year
€151,374▼
2024 · €167,843
Debt > 1 year
€2.1m▲
2024 · €2.0m
Income taxes
€36,377▲
2024 · €28,675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 14,733 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111,069 | €123,040 | €122,861 | €114,631 | €111,326 | ▼ 2.9% |
| Other operating charges640/8 | €70,707 | €34,035 | €38,313 | €38,061 | €40,990 | ▲ 7.7% |
| Gross operating margin9900 | €342,158 | €395,112 | €380,137 | €403,106 | €425,460 | ▲ 5.5% |
| Operating profit (loss)9901 | €160,382 | €238,036 | €218,964 | €250,414 | €273,144 | ▲ 9.1% |
| Financial income75/76B | - | - | €6,782 | €21,112 | €16,053 | ▼ 24.0% |
| Recurring financial income75 | - | - | €6,782 | €21,112 | €16,053 | ▼ 24.0% |
| Financial charges65/66B | €72,727 | €81,076 | €115,786 | €160,724 | €147,587 | ▼ 8.2% |
| Recurring financial charges65 | €72,727 | €81,076 | €115,786 | €160,724 | €147,587 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €87,655 | €156,960 | €109,959 | €110,802 | €141,610 | ▲ 27.8% |
| Transfer from deferred taxes780 | €975 | €975 | €975 | €975 | €975 | = |
| Transfer to deferred taxes680 | €900 | €0 | - | - | - | - |
| Income taxes67/77 | €28,422 | €40,168 | €28,465 | €28,675 | €36,377 | ▲ 26.9% |
| Profit (loss) for the period9904 | €59,308 | €117,767 | €82,469 | €83,101 | €106,207 | ▲ 27.8% |
| Transfer from tax-exempt reserves789 | €2,925 | €2,925 | €2,925 | €2,925 | €2,925 | = |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €62,233 | €120,692 | €85,394 | €86,026 | €109,132 | ▲ 26.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.9m | €4.0m | €4.1m | €4.3m | ▲ 5.4% |
| Fixed assets21/28 | €3.6m | €3.4m | €3.3m | €3.2m | €3.1m | ▼ 3.5% |
| Tangible fixed assets22/27 | €3.6m | €3.4m | €3.3m | €3.2m | €3.1m | ▼ 3.5% |
| Land and buildings22 | €3.6m | €3.4m | €3.3m | €3.2m | €3.1m | ▼ 3.5% |
| Furniture and vehicles24 | €2,350 | €2,751 | €963 | €73 | €0 | ▼ 100% |
| Financial fixed assets28 | €200 | €0 | - | - | - | - |
| Current assets29/58 | €134,545 | €423,166 | €651,664 | €860,930 | €1.2m | ▲ 38.6% |
| Amounts receivable within one year40/41 | - | €9,832 | €25,370 | €17,658 | €8,438 | ▼ 52.2% |
| Other amounts receivable41 | - | €9,832 | €25,370 | €17,658 | €8,438 | ▼ 52.2% |
| Cash at bank and in hand54/58 | €133,280 | €398,553 | €613,197 | €841,461 | €1.2m | ▲ 40.6% |
| Deferred charges and accrued income490/1 | €1,265 | €14,781 | €13,097 | €1,810 | €1,874 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.9m | €4.0m | €4.1m | €4.3m | ▲ 5.4% |
| Equity10/15 | €1.6m | €1.7m | €1.8m | €1.9m | €2.0m | ▲ 5.6% |
| Contributions10/11 | €130,144 | €130,144 | €130,144 | €130,144 | €130,144 | = |
| Capital10 | €130,144 | €130,144 | €130,144 | €130,144 | €130,144 | = |
| Issued capital100 | €130,144 | €130,144 | €130,144 | €130,144 | €130,144 | = |
| Reserves13 | €1.5m | €1.6m | €1.7m | €1.8m | €1.9m | ▲ 6.1% |
| Non-distributable reserves130/1 | €13,014 | €13,014 | €13,014 | €13,014 | €13,014 | = |
| Legal reserve130 | €13,014 | €13,014 | €13,014 | €13,014 | €13,014 | = |
| Tax-exempt reserves132 | €128,473 | €125,548 | €122,623 | €119,698 | €116,774 | ▼ 2.4% |
| Distributable reserves133 | €1.3m | €1.4m | €1.5m | €1.6m | €1.7m | ▲ 6.7% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Provisions and deferred taxes16 | €31,200 | €30,225 | €29,251 | €28,276 | €27,301 | ▼ 3.4% |
| Deferred taxes168 | €31,200 | €30,225 | €29,251 | €28,276 | €27,301 | ▼ 3.4% |
| Amounts payable17/49 | €2.1m | €2.1m | €2.1m | €2.2m | €2.3m | ▲ 5.4% |
| Amounts payable after more than one year17 | €1.9m | €2.0m | €2.0m | €2.0m | €2.1m | ▲ 4.6% |
| Financial debts170/4 | €1.9m | €2.0m | €2.0m | €2.0m | €2.1m | ▲ 4.6% |
| Amounts payable within one year42/48 | €125,651 | €88,969 | €116,307 | €167,843 | €151,374 | ▼ 9.8% |
| Trade debts44 | €27,516 | €3,525 | €575 | €7,178 | €3,879 | ▼ 46.0% |
| Suppliers440/4 | €27,516 | €3,525 | €575 | €7,178 | €3,879 | ▼ 46.0% |
| Taxes, remuneration and social security45 | €47,348 | €28,728 | €34,720 | €48,199 | €44,249 | ▼ 8.2% |
| Taxes450/3 | €47,348 | €28,728 | €34,720 | €48,199 | €44,249 | ▼ 8.2% |
| Other amounts payable47/48 | €50,787 | €56,715 | €81,012 | €112,465 | €103,247 | ▼ 8.2% |
| Accrued charges and deferred income492/3 | €5,445 | €42,212 | €4,747 | €4,875 | €44,714 | ▲ 817% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,308 | €117,767 | €82,469 | €83,101 | €106,207 | ▲ 27.8% |
| + Depreciation and write-downs630 | €111,069 | €123,040 | €122,861 | €114,631 | €111,326 | ▼ 2.9% |
| Operating cash flow (approximation) | €170,377 | €240,807 | €205,330 | €197,732 | €217,533 | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | -€1,915 | €0 | €0 | €0 | - |
| Change in cash | - | €265,274 | €214,643 | €228,264 | €341,381 | ▲ 49.6% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 4.76
Current ratio from 1.07 to 4.76; short-term debt falls from €125,651 to €88,969.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Highest result since 2018net €188,121 ▲3,442%
Operating result €303,060, net result €188,121, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.77
Current ratio from 1.53 to 5.77.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Geel · 1 establishment unit since 1975
Ground area
289 m²
Building footprint
284 m²
Volume, LiDAR
1,393 m³
Parcel 13373K0670/00X000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TRACO
since 19752.010.997.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0670/00X000 | Flanders | 289 m² | 1 · 284 m² | 7.7 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.
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1975
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415047261
Also
9925:BE0415047261
Registered
07-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.