TRACE IT
ActiveSummary
TRACE IT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €81k and a net result of €11k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-11
Solvency45▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.42 in 2023; short-term debt: 36.9% and cash: 10.9% of total assets), and 80.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
19.6%
Return on assets
2.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 37956 sector peers (2024).
NBB · sector comparisonPosition among 37956 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
37 d early
2022
58 d late
2021
29 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€81k▲ 15.1%
2023 · €71k
2018: €-81k
2019: €-11k
2020: €24k
2021: €36k
2022: €53k
2023: €71k
2018 → 2024
Total assets
€414k▼ 5.5%
2023 · €438k
2018: €215k
2019: €230k
2020: €253k
2021: €245k
2022: €273k
2023: €438k
2018 → 2024
Net result
€11k▼ 37.9%
2023 · €17k
2018: €25k
2019: €69k
2020: €36k
2021: €12k
2022: €18k
2023: €17k
2018 → 2024
Working capital
€-100k▼ 1.7%
2023 · €-98k
2018: €-202k
2019: €-143k
2020: €-113k
2021: €-87k
2022: €-61k
2023: €-98k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€24k-€36k▲ 47.6%€53k▲ 49.0%€71k▲ 32.1%€81k▲ 15.1%
Operating result€54k-€20k▼ 63.4%€21k▲ 6.3%€35k▲ 67.4%€21k▼ 41.3%
Net result€36k-€12k▼ 67.6%€18k▲ 51.9%€17k▼ 2.3%€11k▼ 37.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €414k
Fixed assets
€361k ▼ 1.9%
Current assets
€53k ▼ 24.1%
Equity and liabilities €414k
Equity
€81k ▲ 15.1%
Debt
€333k ▼ 9.4%
Debt's share of the balance-sheet total falls from 83.9% to 80.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▼
2023 · €49k
Cash flow
€23k▼
2023 · €30k
Current ratio
0.35▼
2023 · 0.42
Debt to equity
4.10▼
2023 · 5.21
ROE
13.1%▼
2023 · 24.3%
ROA
2.6%▼
2023 · 3.9%
Interest coverage
4.98▼
2023 · 6.59
Debt ≤ 1 year
€153k▼
2023 · €168k
Debt > 1 year
€180k▼
2023 · €200k
Income taxes
€3k▼
2023 · €11k
Staff costs
€122k▲
2023 · €121k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€438k€414k▼
Fixed assets21/28€368k€361k▼
Tangible fixed assets22/27€368k€361k▼
Land and buildings22€365k€359k▼
Plant, machinery and equipment23€311€127▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€70k€53k▼
Amounts receivable within one year40/41€43k€4k▼
Trade receivables40€43k€0▼
Other amounts receivable41€0€4k▲
Cash at bank and in hand54/58€27k€45k▲
Deferred charges and accrued income490/1€0€4k▲
Equity and liabilities
Total equity and liabilities10/49€438k€414k▼
Equity10/15€71k€81k▲
Contributions10/11€20k€20k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€50k€61k▲
Amounts payable17/49€368k€333k▼
Amounts payable after more than one year17€200k€180k▼
Financial debts170/4€200k€180k▼
Amounts payable within one year42/48€168k€153k▼
Current portion of amounts payable after more than one year42€19k€26k▲
Trade debts44€20k€32k▲
Suppliers440/4€20k€32k▲
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45€58k€40k▼
Taxes450/3€35k€21k▼
Remuneration and social security454/9€23k€19k▼
Other amounts payable47/48€72k€46k▼
Income statement
Code20232024
Remuneration, social security and pensions62€121k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€177k€160k▼
Operating profit (loss)9901€35k€21k▼
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€28k€14k▼
Income taxes67/77€11k€3k▼
Profit (loss) for the period9904€17k€11k▼
Profit (loss) for the period to be appropriated9905€17k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€61k▲
Profit (loss) brought forward from the previous period14P€33k€50k▲
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
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €11k ▼37.9%
Net result drops to €11k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-12
Financial
Highest result since 2018net €69k ▲173%
Operating result €71k, net result €69k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 121 days late
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herzele · 1 establishment unit since 1999
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.
Gentweg 109550 HerzeleGround area
1,808 m²
Building footprint
200 m²
Volume, LiDAR
1,252 m³
Parcel 41062D0298/00Z000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SSVH
since 19992.091.036.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41062D0298/00Z000 | Flanders | 1,808 m² | 1 · 200 m² | 9.8 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.
Similar companies · same sector, comparable size
COMICSTATE
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EV Advisory
BE 1025.849.828
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BS-ITC
BE 0781.368.256
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DR4PROJECT
BE 0671.544.064
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Coherence Management
BE 1022.846.093
Pont-à-Celles · Eq €81,146
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,136 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
Founded26-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.