ACTIVE

ATRAC

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Financial year 2025 · closed on 30/09/2025

Net result

232 k €

-57.8% YoY

Revenue

15,4 M €

-4.1% YoY

Equity

3,2 M €

+7.7% YoY

Workforce

29,0 ETP

+3.2% YoY

What does ATRAC do?

ATRAC is a Public limited company incorporated in 1989. Its main activity is: Financial leasing. Its registered office is in Waregem. It employs on average 29,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.305.575

Incorporation

20/11/1989

Legal form

Public limited company

Registered office

Steenovenstraat 5
8790 Waregem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

29,0 ETP

Activities (NACE)

64910Financial leasing· main 64910Financial leasing 65210Reinsurance 71210Technical testing and analysis 77120Rental and leasing of trucks 77120Rental and leasing of trucks

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	15,4 M €	-4.1%	16,1 M €	+195%	5,5 M €	+7.6%	5,1 M €	+9.8%	4,6 M €	+11.9%	4,1 M €	-15.3%	4,9 M €	+4.1%	4,7 M €	+15.7%	4 M €	+3.3%	3,9 M €	+10.5%	3,5 M €	+4.7%	3,4 M €	+32.0%	2,6 M €	+30.1%	2 M €	+14.3%	1,7 M €		–		–		–		–
EBITDA	877,3 k €	-33.2%	1,3 M €	+59.2%	824,6 k €	-20.5%	1 M €	+24.1%	835,9 k €	-19.6%	1 M €	+21.4%	857 k €	-5.9%	910,9 k €	+0.6%	905,4 k €	-20.7%	1,1 M €	+21.9%	936,6 k €	+27.9%	732,4 k €	+26.9%	577 k €	+23.3%	468 k €	+89.5%	246,9 k €	+40.5%	175,7 k €	+25.2%	140,4 k €	-12.5%	160,4 k €	+374%	33,9 k €
Operating result	205,8 k €	-69.4%	673,2 k €	+128%	295,6 k €	-31.4%	431,2 k €	+88.2%	229,2 k €	-51.5%	472,3 k €	+110%	224,8 k €	-27.3%	309,1 k €	-4.7%	324,5 k €	-53.0%	690,4 k €	+1.0%	683,6 k €	+77.5%	385 k €	+34.4%	286,5 k €	+55.0%	184,8 k €	+69.5%	109 k €	+206%	35,6 k €	-74.2%	138 k €	+142%	57 k €	+207%	-53,1 k €
Net result	232 k €	-57.8%	549,5 k €	+63.2%	336,7 k €	+16.2%	289,8 k €	+55.4%	186,4 k €	-53.0%	396,8 k €	+164%	150,1 k €	-26.6%	204,6 k €	-2.5%	209,9 k €	-55.4%	470,2 k €	-7.8%	510 k €	+83.8%	277,6 k €	+25.9%	220,5 k €	+26.0%	175 k €	+94.3%	90,1 k €	+56.8%	57,4 k €	-35.8%	89,4 k €	+41.6%	63,2 k €	+220%	-52,7 k €
Balance sheet
Equity	3,2 M €	+7.7%	3 M €	+11.0%	2,7 M €	+14.2%	2,4 M €	+6.6%	2,2 M €	+5.6%	2,1 M €	+12.2%	1,9 M €	+1.6%	1,9 M €	+1.5%	1,8 M €	+10.9%	1,6 M €	+34.3%	1,2 M €	+33.8%	916,4 k €	+33.0%	688,8 k €	+11.2%	619,2 k €	+4.2%	594,4 k €	+5.3%	564,3 k €	+11.3%	506,9 k €	+21.4%	417,4 k €	+17.8%	354,2 k €
Total assets	8,6 M €	+5.3%	8,2 M €	+90.1%	4,3 M €	+19.6%	3,6 M €	+1.4%	3,5 M €	-12.0%	4 M €	+1.1%	4 M €	-12.8%	4,6 M €	+4.0%	4,4 M €	+17.3%	3,7 M €	+15.4%	3,2 M €	+16.4%	2,8 M €	+13.1%	2,5 M €	+25.7%	2 M €	-2.9%	2 M €	+11.7%	1,8 M €	+69.5%	1,1 M €	-3.5%	1,1 M €	+21.4%	910,6 k €
Cash	279,9 k €	+48.1%	189 k €	+8.8%	173,7 k €	-19.7%	216,2 k €	-18.1%	263,8 k €	+1.5%	260 k €	+354%	57,3 k €	-48.3%	110,7 k €	+16.4%	95 k €	+83.7%	51,7 k €	-69.2%	167,9 k €	+419%	32,3 k €	-52.5%	68,1 k €	+122%	30,7 k €	-17.3%	37,1 k €	-85.2%	251,5 k €	+1043%	22 k €	-71.6%	77,6 k €	+244%	22,6 k €
Debts	5,4 M €	+3.9%	5,2 M €	+231%	1,6 M €	+28.3%	1,2 M €	-7.3%	1,3 M €	-31.4%	1,9 M €	-9.0%	2,1 M €	-22.6%	2,7 M €	+5.7%	2,6 M €	+22.9%	2,1 M €	+4.6%	2 M €	+8.5%	1,8 M €	+5.0%	1,8 M €	+31.1%	1,3 M €	-5.8%	1,4 M €	+15.1%	1,2 M €	+124%	553,1 k €	-18.4%	678 k €	+24.8%	543,5 k €
Other
Workforce	29,0 ETP	+3.2%	28,1 ETP	-1.4%	28,5 ETP	+3.6%	27,5 ETP	-3.2%	28,4 ETP	+10.9%	25,6 ETP	+3.6%	24,7 ETP	+23.5%	20,0 ETP	+25.0%	16,0 ETP	+6.7%	15,0 ETP	+12.8%	13,3 ETP	-25.3%	17,8 ETP	+25.4%	14,2 ETP	+5.2%	13,5 ETP	+40.6%	9,6 ETP	-4.0%	10,0 ETP	0.0%	10,0 ETP	+3.1%	9,7 ETP	-17.8%	11,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 20 ended

Active mandates

JULIANN

Managing director · since 01 septembre 2023 · until 06 mars 2029 · 0874.956.133

Represented by Francis HEYSE

Active

Julien HEYSE

Director · since 01 septembre 2023 · until 06 mars 2029

Active

Ended mandates

JULIANN

Director · since 26 décembre 2019 · 0874.956.133

Represented by Francis HEYSE

Ended

FIJA

Director · since 01 mars 2016 · until 26 décembre 2019 · 0430.995.645

Represented by vaste vertegenwoordiger HEYSE FRANCIS -

Ended

FIJA

Director · since 01 mars 2016 · until 01 mars 2022 · 0430.995.645

Represented by vaste vertegenwoordiger HEYSE FRANCIS -

Ended

JULIANN

Managing director · since 01 mars 2016 · until 26 décembre 2019 · 0874.956.133

Represented by Francis HEYSE

Ended

Annual accounts

Full financial information

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/04/2026	10/03/2025	09/04/2024	21/04/2023	30/03/2022	17/03/2021
General meeting	31/03/2026	04/03/2025	16/03/2024	27/03/2023	01/03/2022	02/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	31/03/2026	01/04/2026	Dutch	PDF
Full model	30/09/2024	04/03/2025	10/03/2025	Dutch	PDF
Full model	30/09/2023	16/03/2024	09/04/2024	Dutch	PDF
Full model	30/09/2022	27/03/2023	21/04/2023	Dutch	PDF
Full model	30/09/2021	01/03/2022	30/03/2022	Dutch	PDF
Full model	30/09/2020	02/03/2021	17/03/2021	Dutch	PDF
Full model	30/09/2019	13/03/2020	10/04/2020	Dutch	PDF
Full model	30/09/2018	28/03/2019	18/04/2019	Dutch	PDF
Full model	30/09/2017	23/03/2018	23/04/2018	Dutch	PDF
Full model	30/09/2016	17/03/2017	06/04/2017	Dutch	PDF
Full model	30/09/2015	01/03/2016	23/03/2016	Dutch	PDF
Full model	30/09/2014	19/03/2015	15/04/2015	Dutch	PDF
Full model	30/09/2013	20/03/2014	28/03/2014	Dutch	PDF
Full model	30/09/2012	05/03/2013	04/04/2013	Dutch	PDF
Full model	30/09/2011	26/03/2012	27/04/2012	Dutch	PDF
Full model	30/09/2010	22/03/2011	21/04/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	28/05/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	31/05/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 20 ended

Active mandates

JULIANN

Managing director · since 01 septembre 2023 · until 06 mars 2029 · 0874.956.133

Represented by Francis HEYSE

Active

Julien HEYSE

Director · since 01 septembre 2023 · until 06 mars 2029

Active

Ended mandates

JULIANN

Director · since 26 décembre 2019 · 0874.956.133

Represented by Francis HEYSE

Ended

FIJA

Director · since 01 mars 2016 · until 26 décembre 2019 · 0430.995.645

Represented by vaste vertegenwoordiger HEYSE FRANCIS -

Ended

FIJA

Director · since 01 mars 2016 · until 01 mars 2022 · 0430.995.645

Represented by vaste vertegenwoordiger HEYSE FRANCIS -

Ended

JULIANN

Managing director · since 01 mars 2016 · until 26 décembre 2019 · 0874.956.133

Represented by Francis HEYSE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2018
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025232 k €↓
2024
Annual accounts 2024549,5 k €↑
2023
Annual accounts 2023336,7 k €↑
2022
Annual accounts 2022289,8 k €↑
2021
Annual accounts 2021186,4 k €↓
2020
Annual accounts 2020396,8 k €↑
2019
Annual accounts 2019150,1 k €↓
2018
Annual accounts 2018204,6 k €↓
2017
Annual accounts 2017209,9 k €↓
2015
Annual accounts 2015470,2 k €↓
2014
Annual accounts 2014510 k €↑
2013
Annual accounts 2013277,6 k €↑
2012
Annual accounts 2012220,5 k €↑
2011
Annual accounts 2011175 k €↑
2010
Annual accounts 201090,1 k €↑
2009
Annual accounts 200957,4 k €↓
2008
Annual accounts 200889,4 k €↑
2007
Annual accounts 200763,2 k €↑
2006
Annual accounts 2006-52,7 k €
20/11/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ATRAC

Overview

What does ATRAC do?

Trend over 19 financial years

Indicative valuation

Board of directors

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