TRAX

Active Private limited companyfounded 2004active for 22 yearsDe Kleetlaan 6a, 1831 Machelen (Brab.)KBO/BCE: BE 0869.630.833 subsidiary of FIS UK Holdings Limited#10 company by equity in Machelen, Telecoms and IT sector

TRAX

Financial year 2025

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Annual accounts 2025

full format, filed on 01-07-2026, 30 days before the deadline

€63.4m

▲ 9.6%

€6.5m

▼ 65.5%

€6.5m

▼ 67.2%

€4.6m

▼ 69.3%

72.6%

▼ 0.8 percentage points

4.21

▼ 0.22

In the rankings #10 company by equity in Machelen, Telecoms and IT sector

Money flows

turnover is 7.7% of income in 2025

Balance sheet

balance sheet total €29.6m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

72.6%

Higher than 83% of 1,691 companies in 2025.

4.21

Higher than 85% of 1,658 companies in 2025.

15.3%

Higher than 79% of 1,673 companies in 2025.

TRAX Middle half of the sector 80% of the sector Full accounts in computer programming and consultancy (NACE 62)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

Men and women23% women

42 men and 12.4 women in full-time equivalents in 2025.

€200,756

Men €215,408, women €151,129 per full-time equivalent. Jobs differ, so this is not a pay gap.

level

people who joined people who left

In 2025, 2 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	29.6m	23.2m	21.7m	15.4m	50.9m	42.9m	16.6m	24.7m	17.3m	13.7m	8.8m	6.1m	7.0m	3.3m	1.8m	3.9m	4.8m	4.4m	5.2m	3.6m
`21/28`	28,542	64,294	1.8m	2.8m	3.7m	4.7m	125,139	178,447	108,118	131,081	124,420	114,831	172,691	151,906	260,841	409,920	657,546	675,561	979,049	1.0m
`21`	503	1,376	1.7m	2.6m	3.6m	4.6m	4,239	11,474	26,113	34,293	31,341	28,979	28,887	6,091	11,889	61,695	146,175	357,283	578,702	815,031
`22/27`	28,039	62,918	102,586	173,786	106,268	79,360	120,900	166,973	82,005	96,788	93,079	85,851	143,804	145,815	247,687	346,961	500,930	291,603	230,972	173,933
`23`	28,039	62,918	102,586	173,786	106,268	79,360	120,900	166,973	82,005	96,788	91,882	83,968	142,653	142,481	222,049	282,448	370,183	81,009	59,000	69,772
`24`	-	-	-	-	-	-	-	-	-	-	1,197	1,883	1,151	1,611	21,355	45,210	92,181	142,347	48,718	28,855
`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,724	4,283	19,302	38,567	68,247	123,254	75,306
`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,265	1,265	10,440	26,675	169,375	26,175
`280/1`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	19,000	19,000
`280`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	19,000	19,000
`284/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,265	1,265	10,440	7,675	150,375	7,175
`285/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,265	1,265	10,440	7,675	150,375	7,175
`29/58`	29.6m	23.1m	19.9m	12.6m	47.2m	38.3m	16.5m	24.6m	17.2m	13.6m	8.7m	6.0m	6.9m	3.1m	1.6m	3.5m	4.2m	3.7m	4.3m	2.6m
`3`	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	28.9m	22.9m	19.8m	11.9m	45.1m	36.1m	15.1m	24.6m	17.2m	13.6m	8.7m	5.9m	6.8m	3.1m	1.6m	1.9m	4.1m	3.4m	3.7m	2.2m
`40`	2.0m	1.4m	898,110	925,865	735,033	1.4m	856,764	1.2m	718,525	648,248	1.5m	508,432	216,774	924,291	417,369	683,227	937,813	1.3m	3.5m	2.2m
`41`	26.8m	21.5m	18.9m	11.0m	44.4m	34.7m	14.3m	23.4m	16.5m	12.9m	7.2m	5.4m	6.6m	2.1m	1.1m	1.2m	3.1m	2.1m	173,703	33,855
`54/58`	2,825	143,346	115	180,751	395,119	385,691	758	209	-	-	-	-	-	70	106	1.6m	38,176	219,634	508,371	314,753
`490/1`	763,643	89,289	133,271	459,368	1.7m	1.8m	1.4m	5,000	11,335	3,289	9,602	64,137	93,070	72,264	12,928	33,619	55,286	28,499	84,857	19,162
Balance sheet: equity and liabilities
`10/49`	29.6m	23.2m	21.7m	15.4m	50.9m	42.9m	16.6m	24.7m	17.3m	13.7m	8.8m	6.1m	7.0m	3.3m	1.8m	3.9m	4.8m	4.4m	5.2m	3.6m
`10/15`	21.5m	17.0m	3.1m	8.4m	27.5m	16.9m	13.0m	22.0m	14.6m	10.3m	4.9m	2.4m	1.9m	-258,744	-2.4m	-3.4m	-6.3m	-6.5m	-1.9m	-1.7m
`10/11`	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	-	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	362,000	362,000	362,000
`10`	-	-	-	-	-	-	2.9m	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	-	-	-	-	-	-	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	2.9m	362,000	362,000	362,000
`13`	286,262	286,262	286,262	286,262	286,262	286,262	286,262	286,262	286,262	286,262	101,219	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	286,262	286,262	286,262	286,262	101,219	-	-	-	-	-	-	-	-	-
`133`	286,262	286,262	286,262	286,262	286,262	286,262	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	18.4m	13.8m	0	5.3m	24.3m	13.7m	9.8m	18.8m	11.5m	7.2m	1.9m	-423,386	-916,560	-3.1m	-5.3m	-6.3m	-9.2m	-6.9m	-2.2m	-2.1m
`16`	-	-	-	-	-	-	-	-	7,132	10,245	-	-	143,761	-	-	-	-	81,000	-	-
`160/5`	-	-	-	-	-	-	-	-	7,132	10,245	-	-	143,761	-	-	-	-	81,000	-	-
`164/5`	-	-	-	-	-	-	-	-	7,132	10,245	-	-	143,761	-	-	-	-	81,000	-	-
`17/49`	8.1m	6.2m	18.5m	7.0m	23.5m	26.0m	3.7m	2.8m	2.7m	3.4m	4.0m	3.7m	5.0m	3.5m	4.3m	7.4m	11.1m	10.8m	7.1m	5.3m
`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.5m	4.5m	4.5m	4.5m	-	-
`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.5m	4.5m	4.5m	4.5m	-	-
`174`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.5m	4.5m	4.5m	4.5m	-	-
`42/48`	7.0m	5.2m	17.6m	5.9m	22.5m	24.9m	3.2m	2.5m	2.5m	3.3m	3.5m	3.2m	4.0m	2.9m	1.6m	1.9m	6.0m	5.8m	6.2m	4.6m
`43`	-	-	-	0	102	9.0m	8	12	-	24,807	27	-	-	-	-	-	559,433	-	-	-
`430/8`	-	-	-	0	102	9.0m	8	12	-	24,807	27	-	-	-	-	-	559,433	-	-	-
`44`	500,073	141,327	151,130	242,792	282,916	350,196	269,188	364,875	435,076	167,618	139,908	408,536	302,501	232,421	162,517	154,055	227,626	614,880	743,115	2.0m
`440/4`	500,073	141,327	151,130	242,792	282,916	350,196	269,188	364,875	435,076	167,618	139,908	408,536	302,501	232,421	162,517	154,055	227,626	614,880	743,115	2.0m
`45`	2.1m	2.2m	1.2m	930,299	3.0m	3.7m	1.7m	1.2m	925,014	2.8m	2.9m	1.3m	954,092	810,583	585,275	1.2m	1.5m	880,679	597,041	304,317
`450/3`	811,418	409,538	-	0	2.2m	2.8m	711,956	515,145	244,449	1.8m	1.8m	339,792	93,563	-	-	-	4,160	8,453	-	2,494
`454/9`	1.3m	1.8m	1.2m	930,299	782,962	873,727	1.0m	670,667	680,565	1.0m	1.0m	910,935	860,530	810,583	585,275	1.2m	1.5m	872,226	597,041	301,823
`47/48`	4.4m	2.8m	16.2m	4.7m	19.2m	11.8m	1.2m	924,149	1.1m	239,965	449,096	1.6m	2.7m	1.8m	888,432	576,391	3.7m	4.4m	4.9m	2.2m
`492/3`	1.1m	943,883	931,071	1.0m	969,001	1.1m	501,898	309,893	197,058	125,130	484,099	442,325	1.0m	681,455	1.1m	969,441	593,567	476,625	871,939	727,580
Income statement
`70/76A`	63.4m	57.8m	50.0m	48.4m	40.1m	33.6m	29.6m	21.4m	15.5m	19.1m	15.0m	13.5m	13.4m	9.1m	8.6m	11.2m	10.6m	7.8m	7.7m	4.4m
`70`	4.9m	2.8m	2.9m	3.0m	3.2m	3.2m	3.5m	2.6m	2.3m	2.6m	15.0m	13.3m	13.3m	9.1m	8.4m	9.1m	8.6m	7.5m	7.7m	4.0m
`72`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	376,895
`74`	58.5m	55.0m	47.2m	45.3m	36.9m	30.4m	26.2m	-	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	-	-	-	-	-	-	3,393	-	-	-	-	-	-	-	123,276	3.5m	-	13,128	-	-
`60/66A`	56.9m	39.1m	40.5m	41.0m	26.4m	15.4m	15.8m	11.6m	9.0m	10.8m	11.0m	12.6m	11.0m	6.9m	7.6m	10.5m	12.5m	12.0m	7.9m	5.4m
`60`	1.3m	859,084	419,222	1.1m	1.1m	1.2m	1.9m	1.9m	1.5m	257,107	4.4m	5.8m	4.3m	1.5m	1.4m	1.5m	3.0m	2.2m	2.2m	2.1m
`600/8`	1.3m	859,084	419,222	1.1m	1.1m	1.2m	1.9m	1.9m	1.5m	257,107	4.4m	5.8m	4.3m	1.5m	1.4m	1.5m	3.0m	2.2m	2.2m	2.1m
`61`	44.5m	26.2m	28.9m	30.4m	15.4m	6.9m	8.2m	4.9m	2.8m	5.0m	1.3m	1.2m	2.0m	2.9m	3.0m	4.4m	4.4m	2.1m	1.2m	1.0m
`62`	10.9m	10.1m	10.0m	8.5m	8.8m	6.9m	5.5m	4.7m	4.6m	5.4m	5.2m	5.7m	4.5m	3.2m	3.1m	4.0m	4.5m	6.7m	4.1m	1.6m
`630`	36,435	1.0m	1.1m	1.0m	1.0m	295,735	62,665	61,613	60,345	47,036	53,856	73,059	118,029	131,278	202,771	275,875	399,995	356,173	308,490	229,525
`631/4`	-21,281	37,946	4,261	-15,391	15,376	-48,601	22,915	10,960	-14,174	18,195	-18,627	3,911	5,280	-904,291	-115,981	219,594	289,659	42,589	134,669	499,469
`635/8`	-	-	-	-	-	-	-	-7,132	-3,113	10,245	-	-143,761	143,761	-	-	-	-81,000	81,000	-	-
`640/8`	123,585	64,278	34,275	28,942	45,776	133,658	69,304	18,075	19,146	2,673	3,021	1,784	633	2,210	2,248	26,822	9,533	501,413	22,692	5,625
`66A`	0	721,977	-	-	0	1,283	-	3,131	-	130,827	-	-	2,367	-	-	1.1m	-	-	-	-
`9901`	6.5m	18.7m	9.6m	7.3m	13.8m	18.2m	13.9m	9.8m	6.5m	8.3m	4.0m	813,539	2.4m	2.3m	1.0m	748,859	-1.9m	-4.3m	-131,752	-967,266
`75/76B`	284,649	567,240	494,408	64,981	806,598	327,606	41,780	741,533	470,345	36,964	70,800	3,008	99,257	327,577	310,791	458,042	633,534	429,567	267,278	21,773
`75`	284,649	567,240	494,408	64,981	806,598	327,606	41,780	741,533	470,345	36,964	70,800	3,008	99,257	327,577	310,791	458,042	633,534	429,567	267,278	21,773
`751`	284,649	428,065	207,553	64,981	706,281	260,155	-	43,559	470,345	551	-	-	1,821	-	-	-	-	-	-	-
`752/9`	0	139,175	286,856	0	100,317	67,451	41,780	697,974	-	36,413	70,800	3,008	97,435	327,577	310,791	458,042	633,534	429,567	267,278	21,773
`65/66B`	330,334	126,460	269,342	263,602	56,020	150,171	3,691	11,396	377,550	11,757	279,162	9,784	169,174	417,841	461,549	703,616	971,978	847,857	281,856	152,883
`65`	330,334	126,460	269,342	263,602	56,020	150,171	3,691	11,396	377,550	11,757	279,162	9,784	169,174	417,841	461,549	703,616	971,978	847,857	281,856	152,883
`650`	-	-	0	59,367	0	4,171	-	9,412	-	-	-	-	-	58,569	109,194	186,664	272,084	166,222	128,861	145,105
`652/9`	330,334	126,460	269,342	204,235	56,020	146,000	3,691	1,984	377,550	11,757	279,162	9,784	169,174	359,272	352,355	516,952	699,894	681,635	152,995	7,778
`9903`	6.4m	19.2m	9.8m	7.1m	14.5m	18.4m	13.9m	10.5m	6.6m	8.3m	3.8m	806,764	2.3m	2.2m	982,755	2.9m	-2.2m	-4.7m	-146,330	-1.1m
`67/77`	1.9m	5.3m	2.8m	2.2m	3.9m	4.6m	4.4m	3.2m	2.3m	2.9m	1.4m	313,589	98,121	-	-	-	-	-	-	-
`670/3`	2.0m	5.3m	2.8m	2.2m	3.9m	4.6m	4.4m	3.2m	2.3m	2.9m	1.4m	324,231	98,121	-	-	-	-	-	-	-
`77`	113,611	-	-	-	-	-	-	2,860	12,823	5,821	-	10,641	-	-	-	-	-	-	-	-
`9904`	4.5m	13.8m	7.0m	5.0m	10.6m	13.7m	9.5m	7.3m	4.3m	5.4m	2.4m	493,175	2.2m	2.2m	982,755	2.9m	-2.2m	-4.7m	-146,330	-1.1m
`9905`	4.5m	13.8m	7.0m	5.0m	10.6m	13.7m	9.5m	7.3m	4.3m	5.4m	2.4m	493,175	2.2m	2.2m	982,755	2.9m	-2.2m	-4.7m	-146,330	-1.1m
Appropriation of the result
`9906`	18.4m	13.8m	12.3m	29.3m	24.3m	23.5m	28.3m	18.8m	11.5m	7.4m	2.0m	-423,386	-916,560	-3.1m	-5.3m	-6.3m	-9.2m	-6.9m	-2.2m	-2.1m
`14P`	13.8m	0	5.3m	24.3m	13.7m	9.8m	18.8m	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	185,043	101,219	-	-	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	-	-	-	-	185,043	101,219	-	-	-	-	-	-	-	-	-
`694/7`	-	0	12.3m	24.0m	0	9.8m	18.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	-	0	12.3m	24.0m	0	9.8m	18.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	54.4	53.1	55.9	53.1	50.5	46.2	43.7	35.8	34.3	37	41.9	43.7	36.3	30	29.4	36.4	39.4	41.3	29.1	15.2
Men (FTE)`1003`	42	42.4	44.2	42.4	41.4	-	-	33.5	33.7	34.7	37.8	38.6	32.1	26.5	-	-	-	-	-	-
Women (FTE)`1003`	12.4	10.7	11.7	10.7	9.1	-	-	2.3	0.6	2.3	4.1	5.1	4.2	3.5	-	-	-	-	-	-
Agency workers`1501`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.1	0.1	0.1	0.2
Hours worked`1013`	87,760	88,006	92,069	87,462	84,118	-	-	59,820	57,737	62,562	67,829	72,360	60,108	50,666	50,246	62,629	68,354	71,365	49,202	24,903
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The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.

The notes to these accounts have 51 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	01-07-2026	2026-00234606	PDF
31-12-2024	full format	07-07-2025	2025-00242742	PDF
31-12-2023	full format	18-09-2024	2024-00466172	PDF
31-12-2022	full format	12-10-2023	2023-00484760	PDF
31-12-2021	full format	14-07-2022	2022-20204514	PDF
31-12-2020	full format	12-07-2021	2021-35300321	PDF
31-12-2019	full format	15-07-2020	2020-30800555	PDF
31-12-2018	full format	28-06-2019	2019-27100442	PDF
31-12-2017	full format	11-07-2018	2018-32100214	PDF
31-12-2016	full format	20-07-2017	2017-34600547	PDF
31-12-2015	full format	26-07-2016	2016-39200064	PDF
31-12-2014	full format	17-07-2015	2015-31300031	PDF
31-12-2013	full format	28-07-2014	2014-35300196	PDF
31-12-2012	full format	04-07-2013	2013-27400355	PDF
31-12-2011	full format	30-07-2012	2012-36600128	PDF
31-12-2010	full format	07-07-2011	2011-28300108	PDF
31-12-2009	full format	09-07-2010	2010-28600100	PDF
31-12-2008	full format	28-08-2009	2009-68800105	PDF
31-12-2007	full format	23-09-2008	2008-74200161	PDF
31-12-2006	full format	14-04-2008	2008-10600195	PDF
31-12-2005	abbreviated format	19-07-2006	2006-49702470	PDF

Subsidies and aid

Flemish government 2024, 1 entry, €2,641 awarded, €2,641 paid

Vlaams opleidingsverlof (VOV)

€2,641

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
6.5m	19.8m	10.6m	8.4m	14.8m	18.5m	13.9m	9.8m	6.5m	8.3m	4.1m	886,599	2.5m	2.4m	1.2m	1.0m	-1.5m	-3.9m	176,738	-737,741
4.6m	14.9m	8.0m	6.0m	11.6m	14.0m	9.6m	7.4m	4.4m	5.5m	2.5m	566,234	2.3m	2.3m	1.2m	3.1m	-1.8m	-4.3m	162,160	-868,851
683	37,719	24,683	139,037	78,108	13.8m	105,775	135,072	37,382	57,755	63,446	15,199	138,814	23,608	55,634	37,424	419,661	249,455	129,199	553,292
-140,521	143,231	-180,635	-214,369	9,428	384,933	549	-	-	-	-	-	-	-36	-1.6m	1.5m	-181,458	-288,737	193,618	-
22.6m	17.9m	2.3m	6.7m	24.7m	13.4m	13.3m	22.1m	14.7m	10.3m	5.2m	2.8m	2.9m	270,805	-64,324	1.6m	-1.9m	-2.2m	-2.0m	-2.0m
-	-	-	-	-	-	-	-	-	-	26.8%	6.1%	17.9%	25.1%	12.0%	8.3%	-22.3%	-56.9%	-1.7%	-24.1%
72.6%	73.4%	14.5%	54.8%	53.9%	39.3%	77.9%	88.7%	84.4%	75.3%	55.3%	39.9%	27.6%	-7.9%	-133.2%	-87.1%	-130.1%	-149.9%	-35.6%	-48.2%
4.21	4.43	1.13	2.12	2.10	1.54	5.20	9.93	6.87	4.17	2.51	1.86	1.74	1.09	0.96	1.87	0.69	0.63	0.68	0.56
0.38	0.36	5.89	0.82	0.85	1.54	0.28	0.13	0.18	0.33	0.81	1.50	2.55	-	-	-	-	-	-	-
21.0%	81.5%	221.1%	59.0%	38.5%	81.3%	73.3%	33.4%	29.4%	52.6%	50.1%	20.2%	113.3%	-	-	-	-	-	-	-
15.3%	59.8%	32.1%	32.3%	20.8%	32.0%	57.1%	29.6%	24.8%	39.6%	27.7%	8.1%	31.3%	66.6%	53.6%	72.8%	-46.5%	-107.1%	-2.8%	-30.7%
19.67	over 100	-	over 100	-	over 100	over 100	over 100	-	-	-	-	-	41.05	11.11	5.49	-5.54	-23.54	1.37	-5.08
152 days	181 days	114 days	111 days	83 days	155 days	91 days	171 days	114 days	90 days	38 days	14 days	6 days	37 days	18 days	28 days	40 days	63 days	166 days	199 days
4 days	2 days	2 days	3 days	6 days	16 days	10 days	20 days	37 days	12 days	9 days	21 days	18 days	19 days	13 days	9 days	11 days	52 days	82 days	241 days

EBIT margin. Not meaningful: turnover is only a small part of operating income.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2025

Consulting NPS €2,110,31543.3%
Onderhoud software €895,54218.4%
ASP €846,10917.4%
Licenties andere €404,4688.3%
Licenties software €380,0007.8%
Hosting €149,3523.1%
Dienstverlening €70,1711.4%
Dienstverlening - recurrent €16,7540.3%

Total €4,872,711

Source: 2025 accounts, page 20, filing 2026-00234606

By geographic market 2018

België €1,938,44175.2%
Europa (overige) €613,45523.8%
Verenigd Koninkrijk €20,8140.8%
Noord-Amerika €3,9670.2%

Total €2,576,677

Source: 2018 accounts, page 15, filing 2019-27100442

All years (2016 to 2025)

By activity

By activity	2016	2017	2018	2020	2021	2022	2023	2024	2025
Consulting NPS	€1,098,972	€489,916	€535,788	€583,035	€367,709	€201,229	€331,656	€386,324	€2,110,315
Onderhoud software	€926,812	€965,124	€988,146	€1,059,571	€1,082,257	€1,015,713	€880,525	€943,518	€895,542
ASP	€513,918	€444,139	€345,965	€661,870	€730,502	€634,657	€571,847	€589,422	€846,109
Licenties andere	-	-	-	€124,792	€484,248	€472,573	€520,325	€407,858	€404,468
Licenties software	€87,500	€275,984	€417,239	€335,680	€40,000	€18,000	€0	-	€380,000
Hosting	€3,758	€117,586	€289,539	€273,229	€277,612	€272,434	€120,825	€149,112	€149,352
Dienstverlening	-	-	-	€69,686	€122,575	€249,400	€256,798	€137,132	€70,171
Dienstverlening - recurrent	-	-	-	€132,114	€143,220	€176,627	€183,699	€144,916	€16,754
Total	€2,630,961	€2,292,749	€2,576,677	€3,239,977	€3,248,122	€3,040,632	€2,865,676	€2,758,282	€4,872,711

By geographic market

By geographic market	2016	2017	2018
België	€1,719,837	€1,659,416	€1,938,441
Europa (overige)	€881,395	€618,047	€613,455
Verenigd Koninkrijk	€25,588	€14,675	€20,814
Noord-Amerika	€4,141	€610	€3,967
Total	€2,630,961	€2,292,749	€2,576,677

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	54	54	55	56	53
full-time	52	52	53	53	49
part-time	2	2	2	3	4
in full-time equivalents	53.6	53.6	54.6	55.4	52.3
	54.4	53.1	55.9	53.1	50.5
On a permanent contract	54	54	55	56	53
Joined	2	4	3	4	8
Left	2	5	4	1	2

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	-	-	-	-	€0
Carrying value of the mortgaged assets	-	-	-	-	€0

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€683	€37,719	€22,718	€139,037	€75,358
Intangible fixed assets	-	-	€1,964	-	€2,750
	€36,435	€1.0m	€1.1m	€1.0m	€1.0m

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is KPMG Bedrijfsrevisoren BV.

Item	2025	2024	2023	2022	2021
Fee for the audit	€63,000	€60,228	€57,793	€59,246	€50,920
Other work by the auditor	-	-	-	€9,500	-

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Public contracts

1 award · 2026

PROCEDURE NEGOCIEE SANS PUBLICATION PREALABLE POUR L’ACQUISITION DE LOGICIEL (LICENCES) ET SERVICES DE CONSULTANCE EN VUE DE L'IMPLEMENTATION D'UNE APPLICATION PERMETTANT LA GESTION INTÉGRÉE DE LA DETTE PUBLIQUE FÉDÉRALE BELGE: S&L/DA/2023/049 - 1

buyer: FOD FinanciënSoftware and information systemspublished 23-02-2026€8.4m4 tendersTED 125422-2026

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on TRAX

The operating result for 2025 is 66% lower than in 2024 and the lowest since 2015.

Debt's share of the balance-sheet total rises from 26.6% to 27.4%. Equity and debt are higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency72.6%

Current ratio4.21

Return on assets15.3%

Staff

Men and women23% women

Staff cost per FTE€200,756

Joined and leftlevel

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2024, 1 entry, €2,641 awarded, €2,641 paid

Key figures and ratios

Revenue breakdown

By activity 2025

By geographic market 2018

By activity

By geographic market

Social balance sheet

Securities and guarantees

Investments

Auditor

Public contracts

Insights on TRAX

Next steps

in €m

in €m

72.6%

4.21

15.3%

€200,756

level