Ttracks
ActiveSummary
Ttracks has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,851 and a net result of €22,553. Its solvency ranks better than 89% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+18
Growth78
Track record82
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 6.75 against 2.23 in 2024; short-term debt: 11.3% and cash: 10% of total assets), and 11.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
88.7%
Return on assets
51.5%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
8 d early
2024
30 d early
← before the deadline
after the deadline →
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
26-09-2026 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 simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€38,851▲ 138%
2024 · €16,298
Total assets
€43,820▲ 52.5%
2024 · €28,726
Net result
€22,553▲ 31.7%
2024 · €17,131
Working capital
€28,558▲ 86.2%
2024 · €15,334
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
Line20242025
Operating result€25,440-€35,815▲ 40.8%
Net result€17,131-€22,553▲ 31.7%
Equity€16,298-€38,851▲ 138%
Total assets€28,726-€43,820▲ 52.5%
Debt€12,428-€4,969▼ 60.0%
Working capital€15,334-€28,558▲ 86.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,820
Fixed assets
€10,294 ▲ 968%
Current assets
€33,527 ▲ 20.8%
Equity and liabilities €43,820
Equity
€38,851 ▲ 138%
Debt
€4,969 ▼ 60.0%
Debt's share of the balance-sheet total falls from 43.3% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,474▲
2024 · €28,443
Cash flow
€23,212▲
2024 · €20,133
Current ratio
6.75▲
2024 · 2.23
Debt to equity
0.13▼
2024 · 0.76
ROE
58.1%▼
2024 · 105.1%
ROA
51.5%▼
2024 · 59.6%
Interest coverage
18.71▼
2024 · 23.85
Debt ≤ 1 year
€4,969▼
2024 · €12,428
Income taxes
€11,341▲
2024 · €7,118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,003 | €659 | ▼ 78.0% |
| Other operating charges640/8 | €750 | €1,741 | ▲ 132% |
| Gross operating margin9900 | €29,193 | €38,215 | ▲ 30.9% |
| Operating profit (loss)9901 | €25,440 | €35,815 | ▲ 40.8% |
| Financial income75/76B | €1 | €29 | ▲ 2,229% |
| Recurring financial income75 | €1 | €29 | ▲ 2,229% |
| Financial charges65/66B | €1,193 | €1,950 | ▲ 63.5% |
| Recurring financial charges65 | €1,193 | €1,950 | ▲ 63.5% |
| Profit (loss) for the period before taxes9903 | €24,249 | €33,895 | ▲ 39.8% |
| Income taxes67/77 | €7,118 | €11,341 | ▲ 59.3% |
| Profit (loss) for the period9904 | €17,131 | €22,553 | ▲ 31.7% |
| Profit (loss) for the period to be appropriated9905 | €17,131 | €22,553 | ▲ 31.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €28,726 | €43,820 | ▲ 52.5% |
| Fixed assets21/28 | €964 | €10,294 | ▲ 968% |
| Tangible fixed assets22/27 | €964 | €10,294 | ▲ 968% |
| Furniture and vehicles24 | €964 | €2,107 | ▲ 119% |
| Other tangible fixed assets26 | - | €8,186 | - |
| Current assets29/58 | €27,761 | €33,527 | ▲ 20.8% |
| Amounts receivable within one year40/41 | €24,580 | €28,141 | ▲ 14.5% |
| Trade receivables40 | €22,120 | €24,263 | ▲ 9.7% |
| Other amounts receivable41 | €2,460 | €3,878 | ▲ 57.6% |
| Cash at bank and in hand54/58 | €613 | €4,391 | ▲ 617% |
| Deferred charges and accrued income490/1 | €2,569 | €995 | ▼ 61.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €28,726 | €43,820 | ▲ 52.5% |
| Equity10/15 | €16,298 | €38,851 | ▲ 138% |
| Reserves13 | €16,250 | €38,800 | ▲ 139% |
| Distributable reserves133 | €16,250 | €38,800 | ▲ 139% |
| Profit (loss) carried forward14 | €48 | €51 | ▲ 6.9% |
| Amounts payable17/49 | €12,428 | €4,969 | ▼ 60.0% |
| Amounts payable within one year42/48 | €12,428 | €4,969 | ▼ 60.0% |
| Financial debts43 | €100 | €0 | ▼ 100% |
| Credit institutions430/8 | €100 | €0 | ▼ 100% |
| Trade debts44 | €6,882 | €1,288 | ▼ 81.3% |
| Suppliers440/4 | €6,882 | €1,288 | ▼ 81.3% |
| Taxes, remuneration and social security45 | €2,425 | €3,681 | ▲ 51.8% |
| Taxes450/3 | €478 | €3,681 | ▲ 670% |
| Remuneration and social security454/9 | €1,947 | €0 | ▼ 100% |
| Other amounts payable47/48 | €3,020 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17,131 | €22,553 | ▲ 31.7% |
| + Depreciation and write-downs630 | €3,003 | €659 | ▼ 78.0% |
| Operating cash flow (approximation) | €20,133 | €23,212 | ▲ 15.3% |
| Investment in fixed assets (approximation) | - | -€9,989 | - |
| Change in cash | - | €3,779 | - |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 6.75
Current ratio from 2.23 to 6.75; short-term debt falls from €12,428 to €4,969.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2024
Ground area
593 m²
Building footprint
108 m²
Volume, LiDAR
610 m³
Parcel 34452A0255/00D009, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ttracks
since 20242.361.968.905
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452A0255/00D009 | Flanders | 593 m² | 1 · 108 m² | 11.8 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.
Similar companies · same sector, comparable size
LASERSPEC
BE 0474.392.851
Namur · Eq €38,868
ELLIPSE Trades & Services
BE 0838.052.779
Oupeye · Eq €38,868
STEPHANE POSTY INGENIEUR CIVIL ARCHITECTE
BE 0807.851.137
La Louvière · Eq €38,894
THE L.C. FACTORY
BE 0476.964.539
Ukkel · Eq €38,800
JENS DANNEELS LANDMETER-EXPERT
BE 0732.736.020
Wingene · Eq €38,927
Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,694 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
Founded01-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.