ACTIVE

CETRACO

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Financial year 2025 · Closed on 31/12/2025

Net result-136 k €-128,4 %over 1 year

Revenue8,2 M €+6,1 %over 1 year

Equity10,3 M €-1,3 %over 1 year

Workforce44,9 ETP-7,8 %over 1 year

Identity

Source · BCE/KBO

CETRACO is a Public limited company incorporated in 1976. Its main activity is: Support activities for transportation. Its registered office is in Antwerpen. It employs on average 44,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0416.594.016
Incorporation: 24/06/1976
Legal form: Public limited company
Registered office: D'Herbouvillekaai 42
2020 Antwerpen · FlandreSee on map
Contributed capital: 7 879 000,00 €
Latest accounts: 31/12/2025
Average workforce: 44,9 ETP

Activities (NACE)

52250Support activities for transportation· main 52290Other transportation support activities 63401Information service activities 74855Other professional, scientific and technical activities 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	8,2 M €	+6.1%	7,7 M €	+2.7%	7,5 M €	+7.4%	7 M €	-0.2%	7 M €
EBITDA	-42,5 k €	-260%	-11,8 k €	+96.8%	-371,2 k €	-182%	-131,6 k €	-278%	73,8 k €
Operating result	-220,1 k €	-52.6%	-144,3 k €	+71.9%	-512,8 k €	-58.1%	-324,4 k €	-35.7%	-239 k €
Net result	-136 k €	-128%	479,8 k €	-88.9%	4,3 M €	+1470%	-316,8 k €	-23.7%	-256,1 k €
Balance sheet
Equity	10,3 M €	-1.3%	10,5 M €	+4.8%	10 M €	-24.0%	13,2 M €	-41.5%	22,5 M €
Total assets	12,8 M €	+8.1%	11,8 M €	-39.3%	19,5 M €	-16.3%	23,2 M €	-0.8%	23,4 M €
Cash	6,3 k €	+130%	2,8 k €	-72.1%	9,9 k €	+178%	3,5 k €		–
Debts	2,4 M €	+82.8%	1,3 M €	-86.0%	9,5 M €	-6.3%	10,1 M €	+953%	958,1 k €
Other
Workforce	44,9 ETP	-7.8%	48,7 ETP	-3.6%	50,5 ETP	-6.3%	53,9 ETP	-1.8%	54,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

0 active · 5 ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HERFURTH SHIPBROKERS0460.882.434Represented by M.F. QUAEYHAEGENS	Director26/08/2020 → 26/06/2026Managing director26/08/2020 → 31/07/2026
LAB UNITED0871.264.094Represented by Vincent MALDAGUE	Managing director26/08/2020 → 26/06/2026

Other companies at this address

D'Herbouvillekaai 42 2020 Antwerpen

Company	CBE no.
BEST & OSTERRIETH● Active	0400.088.970
GANDATRADE● Active	0426.742.194
HERFURTH & CO● Active	0428.763.259
HERFURTH LOGISTICS● Active	0445.364.909
HERFURTH MARITIME● Active	0456.030.256
HERFURTH SHIPBROKERS● Active	0460.882.434
HERFURTH TRAVEL● Active	0477.714.904
JOHN P. BEST & Co● Active	0404.514.348
K LINE (BELGIUM)● Active	0862.669.993
MARINZEE● Active	0404.519.593
Scandinavian Stevedoring Company● Active	0404.795.351
STICHTING ADMINISTRATIEKANTOOR SCANDINAVIAN STEVEDORING● Active	1016.687.781

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/08/2026	16/07/2025	30/09/2024	08/08/2023	30/06/2022	28/06/2021
General meeting	31/07/2026	15/07/2025	30/09/2024	03/08/2023	30/06/2022	28/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/07/2026	03/08/2026	Dutch	PDF
Full model	31/12/2024	15/07/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	30/09/2024	30/09/2024	Dutch	PDF
Full model	31/12/2022	03/08/2023	08/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	26/08/2020	27/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	15/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	29/06/2016	05/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	01/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	30/07/2012	29/08/2012	Dutch	PDF
Full model	31/12/2010	22/07/2011	31/08/2011	Dutch	PDF
Full model	31/12/2009	16/07/2010	30/08/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	07/08/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	26/08/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	25/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

0 active · 5 ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HERFURTH SHIPBROKERS0460.882.434Represented by M.F. QUAEYHAEGENS	Director26/08/2020 → 26/06/2026Managing director26/08/2020 → 31/07/2026
LAB UNITED0871.264.094Represented by Vincent MALDAGUE	Managing director26/08/2020 → 26/06/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates31/08/2026
Mandaat bestuurders
PDF
Mandates22/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/08/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/06/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/10/2020
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

HERFURTH SHIPBROKERS

NJ Company

LAB UNITED

OMNICO

R. VERMEERSCH

197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CETRACO

D'Herbouvillekaai 42, 2020 Antwerp-2020Cassiersstraat 19, 2060 Antwerp-2060

Managing directorDirector

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
D'Herbouvillekaai 42, 2020 Antwerp-2020Current	accounts 2024 → 2025	Accounts 2025 · 2026-00375095
Cassiersstraat 19, 2060 Antwerp-2060	accounts 2021 → 2023	Accounts 2023 · 2024-00482513

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CETRACOCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00375095

Events

2025
Annual accounts 2025-136 k €↓
2024
Annual accounts 2024479,8 k €↓
2023
Annual accounts 20234,3 M €↑
2022
Annual accounts 2022-316,8 k €↓
2021
Annual accounts 2021-256,1 k €↓
2020
Annual accounts 20209,2 k €↑
2019
Annual accounts 2019-37,8 k €↓
2018
Annual accounts 201861,1 k €↓
2017
Annual accounts 2017297,5 k €↑
2016
Annual accounts 2016164,5 k €↓
2015
Annual accounts 2015815,3 k €↑
2014
Annual accounts 2014553,9 k €↓
2013
Annual accounts 20131,7 M €↑
2012
Annual accounts 2012389,9 k €↑
2011
Annual accounts 2011230,6 k €↓
2010
Annual accounts 20101,2 M €↓
2009
Annual accounts 20091,5 M €↑
2008
Annual accounts 2008313,9 k €↓
2007
Annual accounts 20071 M €↑
2006
Annual accounts 2006950,8 k €
24/06/1976
IncorporationPublic limited company

CETRACO

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events