Nitrac
ActiveSummary
Nitrac has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173k and a net result of €55k. Equity is growing by ~54% per year across the filed fiscal years. Its solvency ranks better than 95% of 2043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 36.34 against 5.9 in 2024; short-term debt: 2.5% and cash: 76.5% of total assets), and 2.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
97.5%
Return on assets
30.8%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
25 d early
2024
11 d early
2023
17 d early
2022
13 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€173k▲ 46.3%
2024 · €119k
2022: €29k
2023: €67k
2024: €119k
2022 → 2025
Total assets
€178k▲ 27.5%
2024 · €140k
2022: €43k
2023: €83k
2024: €140k
2022 → 2025
Net result
€55k▲ 5.7%
2024 · €52k
2022: €17k
2023: €38k
2024: €52k
2022 → 2025
Working capital
€159k▲ 54.7%
2024 · €103k
2022: €25k
2023: €47k
2024: €103k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€29k-€67k▲ 129%€119k▲ 77.9%€173k▲ 46.3%
Operating result€22k-€49k▲ 127%€66k▲ 34.3%€71k▲ 7.1%
Net result€17k-€38k▲ 127%€52k▲ 38.1%€55k▲ 5.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178k
Fixed assets
€14k ▼ 9.8%
Current assets
€164k ▲ 32.1%
Equity and liabilities €178k
Equity
€173k ▲ 46.3%
Debt
€5k ▼ 78.5%
Debt's share of the balance-sheet total falls from 15.1% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k▲
2024 · €70k
Cash flow
€59k▲
2024 · €56k
Current ratio
36.34▲
2024 · 5.90
Debt to equity
0.03▼
2024 · 0.18
ROE
31.6%▼
2024 · 43.8%
ROA
30.8%▼
2024 · 37.2%
Interest coverage
67.21▼
2024 · 114.50
Debt ≤ 1 year
€5k▼
2024 · €21k
Income taxes
€15k▲
2024 · €14k
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 · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€140k€178k▲
Fixed assets21/28€15k€14k▼
Tangible fixed assets22/27€11k€10k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€11k€8k▼
Financial fixed assets28€4k€4k=
Current assets29/58€124k€164k▲
Amounts receivable within one year40/41€28k€28k▼
Trade receivables40€626€9k▲
Other amounts receivable41€28k€19k▼
Cash at bank and in hand54/58€96k€136k▲
Equity and liabilities
Total equity and liabilities10/49€140k€178k▲
Equity10/15€119k€173k▲
Contributions10/11€13k€13k=
Profit (loss) carried forward14€106k€161k▲
Amounts payable17/49€21k€5k▼
Amounts payable within one year42/48€21k€5k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€14k€1k▼
Taxes450/3€14k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€71k€78k▲
Operating profit (loss)9901€66k€71k▲
Financial income75/76B€74€247▲
Recurring financial income75€74€247▲
Financial charges65/66B€610€1k▲
Recurring financial charges65€610€1k▲
Profit (loss) for the period before taxes9903€66k€70k▲
Income taxes67/77€14k€15k▲
Profit (loss) for the period9904€52k€55k▲
Profit (loss) for the period to be appropriated9905€52k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€106k€161k▲
Profit (loss) brought forward from the previous period14P€54k€106k▲
The notes to these accounts (7 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €55k ▲5.7%
Operating result €71k, net result €55k, both a record.
31-12
Financial
Liquidity times 6current ratio 36.34
Current ratio from 5.90 to 36.34; short-term debt falls from €21k to €5k.
31-12
Financial
Equity above €150kEq €173k ▲46.3%
4 profitable years in a row build equity to €173k.
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €119k ▲77.9%
3 profitable years in a row build equity to €119k.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wijnegem · 1 establishment unit since 2022
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.
Turnhoutsebaan 3092110 WijnegemGround area
601 m²
Building footprint
173 m²
Volume, LiDAR
1,187 m³
Parcel 11050B0107/00V006, Flanders · tallest building 14.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rijschool Vision
since 20222.326.379.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0107/00V006 | Flanders | 601 m² | 1 · 173 m² | 14.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 436 EUR awarded · 436 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 128 EUR | 128 EUR |
| 2024 | 1 | 92 EUR | 92 EUR |
| 2023 | 1 | 129 EUR | 129 EUR |
| 2022 | 1 | 87 EUR | 87 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DE VALK AUTORIJSCHOOL
BE 0457.527.026
Geel · Eq €175k
Fahrschule Justet Eupen
BE 0727.863.947
Eupen · Eq €176k
Dardania Rijschool
BE 0780.551.377
Antwerpen · Eq €170k
AUTO - ECOLE JUSTET
BE 0420.965.845
Theux · Eq €178k
AUTO ECOLE VAL D'OR
BE 0406.944.989
Florenville · Eq €166k
Of 1,038 companies in sector 85531 we hold annual accounts for 347. 256 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
Founded05-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
85531Driving schools for cars and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.