ITRACON
ActiveSummary
ITRACON has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78k and a net result of €-44k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 24% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability16▼-56
Solvency29▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.29 against 0.38 in 2023; short-term debt: 41.2% and cash: 2.1% of total assets), and 95.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
4.4%
Return on assets
-2.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 15869 sector peers (2024).
NBB · sector comparisonPosition among 15869 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-12-2025, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
145 d late
2023
132 d late
2022
484 d late
2021
78 d late
2020
89 d late
2019
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€78k▼ 36.3%
2023 · €123k
2018: €72k
2019: €76k
2020: €52k
2021: €45k
2022: €85k
2023: €123k
2018 → 2024
Total assets
€1.79M▲ 21.6%
2023 · €1.47M
2018: €200k
2019: €319k
2020: €336k
2021: €634k
2022: €1.10M
2023: €1.47M
2018 → 2024
Net result
€-44k
2023 · €38k
2018: €16k
2019: €-4k
2020: €-24k
2021: €-7k
2022: €40k
2023: €38k
2018 → 2024
Working capital
€-521k▼ 36.9%
2023 · €-381k
2018: €121k
2019: €97k
2020: €-9k
2021: €-242k
2022: €145k
2023: €-381k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€45k▼ 14.1%€85k▲ 89.5%€123k▲ 45.0%€78k▼ 36.3%
Operating result€-25k-€-8k▲ 68.2%€39k€37k▼ 3.7%€-33k
Net result€-24k-€-7k▲ 69.6%€40k€38k▼ 4.7%€-44k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €33k after €37k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.79M
Fixed assets
€1.57M ▲ 27.4%
Current assets
€216k ▼ 8.6%
Equity and liabilities €1.79M
Equity
€78k ▼ 36.3%
Provisions
€72k =
Debt
€1.64M ▲ 28.4%
Debt's share of the balance-sheet total rises from 86.8% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-31k▼
2023 · €51k
Cash flow
€-42k▼
2023 · €52k
Current ratio
0.29▼
2023 · 0.38
Debt to equity
20.95▲
2023 · 10.39
ROE
-56.9%▼
2023 · 31.0%
ROA
-2.5%▼
2023 · 2.6%
Interest coverage
-45.65▼
2023 · 449.49
Debt ≤ 1 year
€737k▲
2023 · €617k
Debt > 1 year
€900k▲
2023 · €658k
Income taxes
€12k▲
2023 · €345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.47M€1.79M▲
Fixed assets21/28€1.23M€1.57M▲
Tangible fixed assets22/27€1.23M€1.57M▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€0-
Assets under construction and advance payments27€1.23M€1.57M▲
Financial fixed assets28€735€735=
Current assets29/58€236k€216k▼
Amounts receivable within one year40/41€205k€178k▼
Trade receivables40€170k€142k▼
Other amounts receivable41€35k€36k▲
Cash at bank and in hand54/58€31k€38k▲
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.79M▲
Equity10/15€123k€78k▼
Contributions10/11€20k€20k=
Reserves13€102k€58k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€100k€56k▼
Profit (loss) carried forward14€646€0▼
Provisions and deferred taxes16€72k€72k=
Provisions for liabilities and charges160/5€72k€72k=
Pensions and similar obligations160€72k€72k=
Amounts payable17/49€1.27M€1.64M▲
Amounts payable after more than one year17€658k€900k▲
Other amounts payable178/9€658k€900k▲
Amounts payable within one year42/48€617k€737k▲
Trade debts44€345k€474k▲
Suppliers440/4€345k€474k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€264k€257k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€2k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€52k€-30k▼
Operating profit (loss)9901€37k€-33k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€114€671▲
Recurring financial charges65€114€671▲
Profit (loss) for the period before taxes9903€38k€-32k▼
Income taxes67/77€345€12k▲
Profit (loss) for the period9904€38k€-44k▼
Profit (loss) for the period to be appropriated9905€38k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€-44k▼
Profit (loss) brought forward from the previous period14P€3k€646▼
Transfer from equity791/2-€44k
Transfer to equity691/2€40k€0▼
To other reserves6921€40k€0▼
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
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 145 days late
2024
31-12
Financial
Weakest financial yearnet €-44k ▼217%
Net result drops to €-44k, the lowest in the series.
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 484 days late
2023
31-12
Financial
Equity above €100kEq €123k ▲45%
2 profitable years in a row build equity to €123k.
2022
31-12
Financial
Back to profitnet €40k
Net result €40k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.58
Current ratio from 0.53 to 1.58; short-term debt falls from €517k to €248k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 118 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 69 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wichelen · 1 establishment unit since 2006
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.
Schoolstraat 229260 WichelenGround area
4,195 m²
Building footprint
574 m²
Parcel 42020D0086/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
Itracon
since 20062.157.209.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42020D0086/00M000 | Flanders | 4,195 m² | 1 · 574 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWichelen2.157.209.526
Similar companies · same sector, comparable size
WALCARIUS
BE 0475.507.658
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LAMCO
BE 0859.645.177
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STAYS
BE 0672.875.637
Destelbergen · Eq €75,518
Eersels
BE 0783.373.780
Kasterlee · Eq €75,194
LE MOULIGNEAU
BE 0447.863.153
Boussu · Eq €81,315
Of 552 companies in sector 46220 we hold annual accounts for 307. 218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46110Wholesale trade
46220Wholesale trade
01250Crop and animal production, hunting and related service activities
01610Support activities for crop production
10910Manufacture of food products
46190Agents in non-specialised wholesale trade
46216Wholesale of agricultural produce and animal feed, general range
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.