TRACOM
ActiveTRACOM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €-29k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 8.81 against 10.19 in 2024), and 2.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
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
97.9%
Return on assets
-2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€29k
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 07-06-2026, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 d early
2024
58 d early
2023
60 d early
2022
58 d early
2021
60 d early
2020
24 d late
2019
22 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.43M▼ 2.0%
2024 · €1.45M
2018: €1.72M
2019: €1.62M
2020: €1.57M
2021: €1.49M
2022: €1.41M
2023: €1.51M
2024: €1.45M
2018 → 2025
Total assets
€1.46M▼ 1.7%
2024 · €1.48M
2018: €2.32M
2019: €1.84M
2020: €1.79M
2021: €1.75M
2022: €1.64M
2023: €1.55M
2024: €1.48M
2018 → 2025
Net result
€-29k▲ 49.9%
2024 · €-57k
2018: €19k
2019: €-96k
2020: €-51k
2021: €-84k
2022: €-72k
2023: €96k
2024: €-57k
2018 → 2025
Working capital
€166k▼ 0.3%
2024 · €167k
2018: €44k
2019: €65k
2020: €44k
2021: €24k
2022: €-6k
2023: €147k
2024: €167k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.49M-€1.41M▼ 4.9%€1.51M▲ 6.8%€1.45M▼ 3.8%€1.43M▼ 2.0%
Operating result€-79k-€-67k▲ 16.1%€97k€-59k€-31k▲ 47.9%
Net result€-84k-€-72k▲ 14.1%€96k€-57k€-29k▲ 49.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €59k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€1.27M▼ 2.2%
Current assets
€188k▲ 1.4%
Equity and liabilities €1.46M
Equity
€1.43M▼ 2.0%
Provisions
€10k▼ 4.1%
Debt
€21k▲ 17.3%
The debt ratio rises from 1.2% to 1.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€19k▼
2024 · €32k
Cash flow
€21k▼
2024 · €33k
Solvency
97.9%▼
2024 · 98.1%
Current ratio
8.81▼
2024 · 10.19
Quick ratio
8.81▼
2024 · 10.19
Debt / equity
0.01▲
2024 · 0.01
ROE
-2.0%▲
2024 · -3.9%
ROA
-2.0%▲
2024 · -3.9%
Interest coverage
45.43▼
2024 · 79.85
Debt
€21k▲
2024 · €18k
Debt ≤ 1 year
€21k▲
2024 · €18k
Income taxes
€234▼
2024 · €623
Staff costs
€20k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.48M€1.46M▼
Fixed assets21/28€1.30M€1.27M▼
Intangible fixed assets21€43k€43k=
Tangible fixed assets22/27€1.25M€1.23M▼
Land and buildings22€1.25M€1.22M▼
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€0€0=
Financial fixed assets28€190€190=
Current assets29/58€185k€188k▲
Amounts receivable within one year40/41€12k€16k▲
Trade receivables40€7k€14k▲
Other amounts receivable41€5k€2k▼
Current investments50/53€110k-
Cash at bank and in hand54/58€63k€171k▲
Deferred charges and accrued income490/1-€54
Equity and liabilities
Total equity and liabilities10/49€1.48M€1.46M▼
Equity10/15€1.45M€1.43M▼
Contributions10/11€1.27M€1.27M=
Capital10€1.27M€1.27M=
Issued capital100€1.27M€1.27M=
Reserves13€272k€270k▼
Non-distributable reserves130/1€28k€28k=
Legal reserve130€28k€28k=
Other1319€11€11=
Tax-exempt reserves132€31k€29k▼
Distributable reserves133€213k€213k=
Profit (loss) carried forward14€-88k€-115k▼
Provisions and deferred taxes16€10k€10k▼
Deferred taxes168€10k€10k▼
Amounts payable17/49€18k€21k▲
Amounts payable within one year42/48€18k€21k▲
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€38€3k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€11k€11k▲
Income statement
Code20242025
Non-recurring operating income76A€24k-
Remuneration, social security and pensions62€33k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€49k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€71k€46k▼
Operating profit (loss)9901€-59k€-31k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€398€413▲
Recurring financial charges65€398€413▲
Profit (loss) for the period before taxes9903€-57k€-29k▲
Transfer from deferred taxes780€412€412=
Income taxes67/77€623€234▼
Profit (loss) for the period9904€-57k€-29k▲
Transfer from tax-exempt reserves789€1k€1k▲
Profit (loss) for the period to be appropriated9905€-56k€-27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-88k€-115k▼
Profit (loss) brought forward from the previous period14P€-32k€-88k▼
The notes to these accounts (9 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
07-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €96k
Net result €96k after 4 loss-making years.
31-12
Financial
Liquidity times 6current ratio 5.55
Current ratio from 0.94 to 5.55; short-term debt falls from €108k to €32k.
03-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 22 days late
2019
31-12
Financial
Weakest financial yearnet €-96k ▼604%
Net result drops to €-96k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
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.
Directors · office · real estate
Directors
4 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, Sint-Laureins · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenstraat(WAT) 1049988 Sint-LaureinsGround area
4,509 m²
Building footprint
341 m²
Volume, LiDAR
2,428 m³
Parcel 43017B0201/00X000, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molenstraat(WAT) 104, 9988 Sint-Laureins
since 19902.046.921.714
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43017B0201/00X000 | Flanders | 4,509 m² | 1 · 341 m² | 12.4 m · 2 fl. |
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.
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Of 189 companies in sector 17210 we hold annual accounts for 154. 107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-11-1989
Fiscal year end31-12
Activities, NACEBEL
17210Manufacture of paper and paper products
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.