TRAKKS

Active

Private limited companyfounded 201114 yrs activeWaterloosesteenweg 1165, 1180 Ukkel, BelgiumKBO/BCE: BE 0841.533.891

The computed 12-month bankruptcy probability of TRAKKS is 2.6% (moderate). The 2025 annual accounts show equity of €800k and a net result of €672k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 4149 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+1

Solvency58▲+13

Growth78=

Track record100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €50k at 30 days acceptable

Liquidity tight (current ratio 1.38 against 1.72 in 2024; short-term debt: 57.6% and cash: 14.8% of total assets), and 66.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

33.2%

Return on assets

27.9%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €800k

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 filings

Deviation from the deadline

2025

56 d early

2024

50 d early

2023

55 d early

2022

53 d early

2021

59 d early

2020

51 d early

2019

27 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€672k▲ 29.3%

2024 · €520k

2018: €-255k 2019: €-197k 2020: €8k 2021: €-68k 2022: €-452k 2023: €27k 2024: €520k

2018 → 2025

Working capital

€524k▼ 28.4%

2024 · €732k

2018: €136k 2019: €-76k 2020: €1.12M 2021: €794k 2022: €842k 2023: €794k 2024: €732k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€559k-€107k▼ 80.9%€134k▲ 25.2%€443k▲ 232%€800k▲ 80.4%

Operating result€9k-€-365k€112k€600k▲ 438%€747k▲ 24.5%

Net result€-68k-€-452k▼ 562%€27k€520k▲ 1,836%€672k▲ 29.3%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 24% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.41M

20.6%

79.4%

Fixed assets €496k▲ 17.0%

Current assets €1.91M▲ 9.6%

Equity and liabilities €2.41M

33.2%

66.8%

Equity €800k▲ 80.4%

Debt €1.61M▼ 6.8%

The debt ratio falls from 79.6% to 66.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€835k▲

2024 · €703k

Cash flow

€760k▲

2024 · €623k

Solvency

33.2%▲

2024 · 20.4%

Current ratio

1.38▼

2024 · 1.72

Quick ratio

0.36▼

2024 · 0.46

Debt / equity

2.01▼

2024 · 3.89

ROE

84.0%▼

2024 · 117.3%

ROA

27.9%▲

2024 · 24.0%

Interest coverage

10.96▲

2024 · 8.30

Debt

€1.61M▼

2024 · €1.73M

Debt ≤ 1 year

€1.39M▲

2024 · €1.01M

Debt > 1 year

€220k▼

2024 · €687k

Income taxes

€2k▲

2024 · €1k

Staff costs

€1.14M▲

2024 · €902k

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€2.17M€2.41M▲

Fixed assets21/28€424k€496k▲

Intangible fixed assets21€35k€18k▼

Tangible fixed assets22/27€370k€441k▲

Plant, machinery and equipment23€9k€15k▲

Furniture and vehicles24€4k€13k▲

Other tangible fixed assets26€357k€339k▼

Assets under construction and advance payments27-€74k

Financial fixed assets28€19k€37k▲

Current assets29/58€1.74M€1.91M▲

Stocks and contracts in progress3€1.27M€1.41M▲

Stocks30/36€1.27M€1.41M▲

Amounts receivable within one year40/41€70k€94k▲

Trade receivables40€20k€13k▼

Other amounts receivable41€50k€81k▲

Cash at bank and in hand54/58€355k€356k▲

Deferred charges and accrued income490/1€46k€52k▲

Equity and liabilities

Total equity and liabilities10/49€2.17M€2.41M▲

Equity10/15€443k€800k▲

Contributions10/11€105k€105k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€336k€693k▲

Amounts payable17/49€1.73M€1.61M▼

Amounts payable after more than one year17€687k€220k▼

Financial debts170/4€687k€220k▼

Amounts payable within one year42/48€1.01M€1.39M▲

Current portion of amounts payable after more than one year42€199k€242k▲

Trade debts44€346k€489k▲

Suppliers440/4€346k€489k▲

Taxes, remuneration and social security45€320k€436k▲

Taxes450/3€145k€212k▲

Remuneration and social security454/9€175k€224k▲

Other amounts payable47/48€147k€221k▲

Accrued charges and deferred income492/3€25k-

Income statement Code20242025

Remuneration, social security and pensions62€902k€1.14M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€88k▼

Other operating charges640/8€18k€10k▼

Non-recurring operating charges66A€1k-

Gross operating margin9900€1.62M€1.98M▲

Operating profit (loss)9901€600k€747k▲

Financial income75/76B€5k€2k▼

Recurring financial income75€5k€2k▼

Financial charges65/66B€85k€76k▼

Recurring financial charges65€85k€76k▼

Profit (loss) for the period before taxes9903€521k€673k▲

Income taxes67/77€1k€2k▲

Profit (loss) for the period9904€520k€672k▲

Profit (loss) for the period to be appropriated9905€520k€672k▲

Appropriation of the result

Profit (loss) to be appropriated9906€546k€1.01M▲

Profit (loss) brought forward from the previous period14P€26k€336k▲

Profit to be distributed694/7€210k€315k▲

Return on contributions (dividend)694€210k€315k▲

Social balance

Average headcount (FTE)908716.820.6▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 18Financial 8Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

05-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Highest result since 2018net €672k ▲29.3%

Operating result €747k, net result €672k, both a record.

31-12

Financial Equity above €500kEq €800k ▲80.4%

3 profitable years in a row build equity to €800k.

11-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Equity above €200kEq €443k ▲232%

2 profitable years in a row build equity to €443k.

06-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Back to profitnet €27k

Net result €27k after 2 loss-making years.

08-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Weakest financial yearnet €-452k

Net result drops to €-452k, the lowest in the series; recovery starts the following year.

02-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

10-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Back to profitnet €8k

Net result €8k after 2 loss-making years.

31-12

Financial Liquidity quadruplescurrent ratio 3.42

Current ratio from 0.93 to 3.42; short-term debt falls from €1.16M to €463k.

31-12

Financial Equity above €500kEq €627k

Equity rises from €-5k to €627k.

27-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 27 days late

2019

08-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

28-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

23-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Ukkel · 6 establishment units since 2011

establishment 5 of 6 establishment units on the map

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.

Waterloosesteenweg 11651180 Ukkel

Ground area

9,386 m²

Building footprint

3,391 m²

Volume, LiDAR

73,234 m³

6 parcels, Brussels, Wallonia · tallest building 84.9 m, ±9 floors. Linked by address, not a title deed.

6 establishment units

TRAKKS

Waterloosesteenweg 1165B, 1180 UkkelRetail trade

since 20112.206.097.625

TRAKKS

Avenue Prince de Liège(JB) 176, 5100 NamurRetail trade

since 20132.226.569.771

TRAKKS

Steenweg op Etterbeek 59, 1040 EtterbeekRetail trade

since 20152.249.468.602

TRAKKS

Chaussée de Tongres 257B, 4000 LiègeRetail trade

since 20212.314.251.833

TRAKKS

Rue de la Pépinière 10, 6041 CharleroiRetail trade

since 20212.318.583.476

TRAKKS

Chaussée de Bruxelles 412C, 1410 WaterlooWholesale trade

since 20262.384.002.652

6 parcels

Wallonia 3 (50%) Brussels 3 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21805E0424/00D000	Brussels	4,457 m²	1 · 1,605 m²	84.9 m · 9 fl.
25110A0404/00P002	Wallonia	2,156 m²	1 · 909 m²	4.9 m · 1 fl.
62087B0246/00C010	Wallonia	2,084 m²	1 · 427 m²	7.7 m · 2 fl.
92067A0358/00D000	Wallonia	434 m²	1 · 245 m²	9.0 m · 3 fl.
21612D0340/00M002	Brussels	177 m²	1 · 128 m²	16.4 m · 4 fl.
21612D0340/00B006	Brussels	77 m²	1 · 77 m²	17.2 m · 4 fl.