ACTIVE

CARTRONICS

Financial year 2025 · closed on 30/09/2025
Net result
-9,2 k €
+80.3% YoY
Gross margin
853,5 k €
-5.5% YoY
Equity
694,9 k €
-7.8% YoY
Workforce
13,0 ETP
-4.4% YoY

What does CARTRONICS do?

CARTRONICS is a Public limited company incorporated in 1991. Its registered office is in Wavre. It employs on average 13,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0444.959.685
Incorporation
30/08/1991
Legal form
Public limited company
Registered office
Chaussée de Louvain 473 box 1
1300 Wavre · WallonieSee on map
Contributed capital
62 011,38 €
Latest accounts
30/09/2025
Average workforce
13,0 ETP
Joint committees (3)
  • 149
  • 14901
  • 201
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021201720162015201420132012201120102009200820072006
Income statement
Gross margin853,5 k €902,8 k €867,6 k €830,1 k €1,8 M €1,8 M €1,6 M €1,6 M €1,4 M €1,9 M €1,4 M €1,7 M €1,6 M €1,4 M €1,6 M €1,7 M €2 M €
EBITDA35,6 k €-707,3 €-22,5 k €-90,4 k €759,6 k €447,2 k €288,2 k €388,8 k €218,4 k €657,5 k €282,9 k €411 k €450,9 k €250,2 k €207,7 k €612,8 k €694,3 k €
Operating result-2,8 k €-37,4 k €-71 k €-147,8 k €696 k €381,9 k €244,5 k €348,8 k €159 k €609,9 k €237,4 k €374,6 k €416,1 k €194,5 k €94,1 k €593,2 k €417,7 k €
Net result-9,2 k €-46,7 k €-78,7 k €-146,5 k €518,9 k €280,3 k €206,6 k €231 k €88,5 k €399,2 k €170,2 k €237,9 k €261,3 k €109,2 k €45,3 k €353,8 k €104,7 k €
Balance sheet
Equity694,9 k €754,1 k €838,8 k €917,5 k €1,1 M €1,3 M €1,1 M €1,1 M €963,7 k €906,7 k €659,1 k €575,7 k €547,6 k €408,1 k €300,7 k €272,2 k €185,1 k €
Total assets1 M €1,2 M €1,2 M €1,6 M €1,7 M €2,2 M €2,1 M €2 M €1,6 M €1,9 M €1,4 M €1,4 M €1,5 M €1,4 M €1,7 M €2,1 M €2,1 M €
Cash367,7 k €308,7 k €265,5 k €396,1 k €526,6 k €345,1 k €281,3 k €494,2 k €430,5 k €510,7 k €101,3 k €278,1 k €172,5 k €185,7 k €113,5 k €104,3 k €319,5 k €
Debts337,8 k €484,4 k €401,1 k €639,3 k €641 k €815,5 k €1,1 M €855,5 k €676,4 k €954,4 k €744,4 k €778 k €905,7 k €1 M €1,4 M €1,8 M €1,9 M €
Other
Workforce13,0 ETP13,6 ETP25,8 ETP25,8 ETP25,8 ETP26,1 ETP25,5 ETP25,5 ETP24,2 ETP25,8 ETP22,8 ETP25,9 ETP25,7 ETP23,9 ETP28,6 ETP24,5 ETP26,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 20 ended

Active mandates

F.M BUSINESS INVEST

Director · since 01 avril 2023 · 0838.638.739

Represented by Fabien Marion

Active
NWOW

Director · since 01 avril 2023 · 0698.705.846

Represented by GREGORY GILLET

Active
RAVI AND CO

Director · since 01 avril 2023 · 0874.122.032

Represented by RAOUL VILASECA TORRES

Active

Ended mandates

NWOW

Administrateur · since 03 juillet 2018 · until 02 juillet 2024 · 0698.705.846

Represented by Grégory GILLET

Ended
NWOW

Director · since 03 juillet 2018 · until 02 juillet 2024 · 0698.705.846

Represented by Grégory GILLET

Ended
NWOW SPRL

Administrateur · since 03 juillet 2018 · until 02 juillet 2024

Represented by Grégory GILLET

Ended
RAVI & CO SPRL

Administrateur délégué · since 01 juillet 2017 · until 01 juillet 2023

Represented by Raoul VILASECA TORRES

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/03/202614/03/202520/08/202414/07/202329/04/202229/04/2021
General meeting12/03/202613/03/202514/03/202409/03/202310/03/202211/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202512/03/202618/03/2026FrenchPDF
Abridged model30/09/202413/03/202514/03/2025FrenchPDF
Abridged model30/09/202314/03/202420/08/2024FrenchPDF
Abridged model30/09/202209/03/202314/07/2023FrenchPDF
Abridged model30/09/202110/03/202229/04/2022FrenchPDF
Abridged model30/09/202011/03/202129/04/2021FrenchPDF
Abridged model30/09/201931/03/202018/05/2020FrenchPDF
Abridged model30/09/201829/03/201926/04/2019FrenchPDF
Abridged model30/09/201708/03/201809/05/2018FrenchPDF
Abridged model30/09/201609/03/201727/03/2017FrenchPDF
Abridged model30/09/201510/03/201631/03/2016FrenchPDF
Abridged model30/09/201412/03/201531/03/2015FrenchPDF
Abridged model30/09/201313/03/201419/03/2014FrenchPDF
Abridged model30/09/201214/03/201330/04/2013FrenchPDF
Abridged model30/09/201131/03/201224/04/2012FrenchPDF
Abridged model30/09/201031/03/201106/04/2011FrenchPDF
Abridged model30/09/200911/03/201029/04/2010FrenchPDF
Abridged model30/09/200812/03/200930/04/2009FrenchPDF
Abridged model30/09/200731/03/200830/04/2008FrenchPDF
Abridged model30/09/200629/06/200704/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 3 active · 20 ended

Active mandates

F.M BUSINESS INVEST

Director · since 01 avril 2023 · 0838.638.739

Represented by Fabien Marion

Active
NWOW

Director · since 01 avril 2023 · 0698.705.846

Represented by GREGORY GILLET

Active
RAVI AND CO

Director · since 01 avril 2023 · 0874.122.032

Represented by RAOUL VILASECA TORRES

Active

Ended mandates

NWOW

Administrateur · since 03 juillet 2018 · until 02 juillet 2024 · 0698.705.846

Represented by Grégory GILLET

Ended
NWOW

Director · since 03 juillet 2018 · until 02 juillet 2024 · 0698.705.846

Represented by Grégory GILLET

Ended
NWOW SPRL

Administrateur · since 03 juillet 2018 · until 02 juillet 2024

Represented by Grégory GILLET

Ended
RAVI & CO SPRL

Administrateur délégué · since 01 juillet 2017 · until 01 juillet 2023

Represented by Raoul VILASECA TORRES

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/07/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/04/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/01/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/07/2011
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/05/2011
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/05/2009
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/01/2006
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-9,2 k €
  2. 2024
    Annual accounts 2024-46,7 k €
  3. 2023
    Annual accounts 2023-78,7 k €
  4. 2022
    Annual accounts 2022-146,5 k €
  5. 2021
    Annual accounts 2021518,9 k €
  6. 2017
    Annual accounts 2017280,3 k €
  7. 2016
    Annual accounts 2016206,6 k €
  8. 2015
    Annual accounts 2015231 k €
  9. 2014
    Annual accounts 201488,5 k €
  10. 2013
    Annual accounts 2013399,2 k €
  11. 2012
    Annual accounts 2012170,2 k €
  12. 2011
    Annual accounts 2011237,9 k €
  13. 2010
    Annual accounts 2010261,3 k €
  14. 2009
    Annual accounts 2009109,2 k €
  15. 2008
    Annual accounts 200845,3 k €
  16. 2007
    Annual accounts 2007353,8 k €
  17. 2006
    Annual accounts 2006104,7 k €
  18. 30/08/1991
    IncorporationPublic limited company