NITRACO
ActiveNITRACO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.85M and a net result of €252k. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability76=
Solvency5=
Growth37▲+1
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.36 in 2025), and 92.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
7.7%
Return on assets
1%
Age of the figures
6 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 17-08-2026, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
75 d early
2025
81 d early
2024
80 d early
2023
64 d early
2022
34 d early
2021
68 d early
2020
57 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
€3.52M▲ 1.7%
2025 · €3.46M
2019: €4.18M
2020: €3.33M
2021: €3.41M
2022: €3.44M
2023: €3.44M
2024: €3.45M
2025: €3.46M
2019 → 2026
EBIT margin
11.1%▼ 0.5pp
2025 · 11.7%
2019: 13.9%
2020: 13.8%
2021: 13.1%
2022: 12.7%
2023: 12.4%
2024: 12.0%
2025: 11.7%
2019 → 2026
Net result
€252k=
2025 · €252k
2019: €284k
2020: €228k
2021: €252k
2022: €252k
2023: €252k
2024: €252k
2025: €252k
2019 → 2026
Working capital
€-1.76M▼ 8.0%
2025 · €-1.63M
2019: €-2.01M
2020: €-2.33M
2021: €-2.01M
2022: €-2.37M
2023: €-2.23M
2024: €-1.87M
2025: €-1.63M
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Turnover€3.44M-€3.44M▲ 0.1%€3.45M▲ 0.2%€3.46M▲ 0.3%€3.52M▲ 1.7%
Equity€1.85M-€1.85M=€1.85M=€1.85M=€1.85M=
Operating result€437k-€426k▼ 2.4%€415k▼ 2.7%€403k▼ 2.9%€391k▼ 2.9%
Net result€252k-€252k=€252k=€252k=€252k=
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2026 is 3% below 2025 and is the lowest year so far.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €24.04M
Fixed assets
€22.65M▼ 8.9%
Current assets
€1.39M▲ 52.6%
Equity and liabilities €24.04M
Equity
€1.85M=
Debt
€22.19M▼ 7.3%
The debt ratio falls from 92.8% to 92.3%: debt is paid down.
Key figures and ratios
EBITDA
€2.62M▼
2025 · €2.63M
Cash flow
€2.48M=
2025 · €2.48M
Solvency
7.7%▲
2025 · 7.2%
Current ratio
0.44▲
2025 · 0.36
Quick ratio
0.44▲
2025 · 0.36
Debt / equity
11.99▼
2025 · 12.93
ROE
13.6%=
2025 · 13.6%
ROA
1.0%▲
2025 · 1.0%
Interest coverage
48.02▲
2025 · 39.79
Debt
€22.19M▼
2025 · €23.94M
Debt ≤ 1 year
€3.15M▲
2025 · €2.54M
Debt > 1 year
€19.04M▼
2025 · €21.39M
Income taxes
€84k=
2025 · €84k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€25.79M€24.04M▼
Fixed assets21/28€24.88M€22.65M▼
Tangible fixed assets22/27€24.88M€22.65M▼
Plant, machinery and equipment23€24.88M€22.65M▼
Current assets29/58€910k€1.39M▲
Amounts receivable within one year40/41€695k€938k▲
Trade receivables40€695k€938k▲
Cash at bank and in hand54/58€216k€451k▲
Equity and liabilities
Total equity and liabilities10/49€25.79M€24.04M▼
Equity10/15€1.85M€1.85M=
Contributions10/11€1.68M€1.68M=
Capital10€1.68M€1.68M=
Issued capital100€1.68M€1.68M=
Reserves13€168k€168k=
Non-distributable reserves130/1€168k€168k=
Legal reserve130€168k€168k=
Amounts payable17/49€23.94M€22.19M▼
Amounts payable after more than one year17€21.39M€19.04M▼
Financial debts170/4€3.92M€2.77M▼
Other loans174€3.92M€2.77M▼
Trade debts175€17.47M€16.27M▼
Suppliers1750€17.47M€16.27M▼
Amounts payable within one year42/48€2.54M€3.15M▲
Current portion of amounts payable after more than one year42€2.00M€2.00M=
Trade debts44€226k€835k▲
Suppliers440/4€226k€835k▲
Taxes, remuneration and social security45€59k€60k▲
Taxes450/3€59k€60k▲
Other amounts payable47/48€252k€252k=
Accrued charges and deferred income492/3€9k-
Income statement
Code20252026
Operating income70/76A€3.46M€3.52M▲
Turnover70€3.46M€3.52M▲
Operating charges60/66A€3.06M€3.13M▲
Services and other goods61€826k€897k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.22M€2.22M=
Other operating charges640/8€6k€6k▼
Operating profit (loss)9901€403k€391k▼
Financial charges65/66B€66k€55k▼
Recurring financial charges65€66k€55k▼
Debt charges650€66k€54k▼
Other financial charges652/9€422€423▲
Profit (loss) for the period before taxes9903€337k€337k=
Income taxes67/77€84k€84k=
Taxes670/3€84k€84k=
Profit (loss) for the period9904€252k€252k=
Profit (loss) for the period to be appropriated9905€252k€252k=
Appropriation of the result
Profit (loss) to be appropriated9906€252k€252k=
Profit to be distributed694/7€252k€252k=
Return on contributions (dividend)694€252k€252k=
The notes to these accounts (26 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 2027, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet €228k ▼19.8%
Net result drops to €228k, the lowest in the series; recovery starts the following year.
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
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
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-10-2025
Hakim Boutkabout: Resigned as Director
27-05-2025
Gert Van de Weghe: Resigned as Director
27-05-2025
Michel Leyseele: Resigned as Director
29-06-2021
Guy De Schrijver: Resigned as Director
30-12-2019
Erik Rijssens: Resigned as Director
29-12-2017
JANSSEN Koen: Resigned as Director
11-08-2008
Marc Van Ermengem: Resigned as Director
Location & real-estate footprint
Registered office, Olen · 1 establishment unit since 1993
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.
Lammerdries-Oost 292250 OlenGround area
9,407 m²
Building footprint
1,081 m²
Volume, LiDAR
7,474 m³
Parcel 13029E0514/00C000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lammerdries-Oost 29, 2250 Olen
since 19932.062.667.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029E0514/00C000 | Flanders | 9,407 m² | 1 · 1,081 m² | 10.4 m · 2 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.
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Of 1,805 companies in sector 42220 we hold annual accounts for 948. 304 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-06-1993
Fiscal year end31-03
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
45215
71320
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.