ACTIVE

NITRACO

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Financial year 2026 · closed on 31/03/2026
Net result
252,5 k €
0.0% YoY
Revenue
3,5 M €
+1.7% YoY
Equity
1,9 M €
0.0% YoY

What does NITRACO do?

NITRACO is a Public limited company incorporated in 1993. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Olen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0450.334.376
Incorporation
14/06/1993
Legal form
Public limited company
Registered office
Lammerdries-Oost 29
2250 Olen · FlandreSee on map
Contributed capital
1 683 000,00 €
Latest accounts
31/03/2026
Activities (NACE)
42220Construction of utility projects for electricity and telecommunications· main42220Construction of utility projects for electricity and telecommunications45215Maintenance and repair of motor vehicles71320Architectural and engineering activities; technical testing and analysis77320Rental and leasing of construction and civil engineering machinery and equipment77320Rental and leasing of construction and civil engineering machinery and equipment
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2026202520242023202220212020201920172016201520142013201220112010200920082007
Income statement
Revenue3,5 M €3,5 M €3,4 M €3,4 M €3,4 M €3,4 M €3,3 M €4,2 M €3,1 M €2,1 M €1,6 M €1,5 M €1,2 M €1,2 M €1,1 M €1,2 M €1,3 M €1,5 M €1,6 M €
EBITDA2,6 M €2,6 M €2,7 M €2,7 M €2,7 M €2,7 M €2,6 M €3,2 M €2,4 M €1,7 M €1,4 M €1,3 M €1,1 M €1 M €1,1 M €1,1 M €1,1 M €1,4 M €1,4 M €
Operating result391,5 k €403 k €414,9 k €426,4 k €436,8 k €448 k €459 k €579,6 k €456,8 k €422,7 k €376,2 k €392,2 k €380,5 k €380,6 k €431,8 k €402,8 k €446,6 k €732,8 k €750,8 k €
Net result252,5 k €252,5 k €252,5 k €252,5 k €252,5 k €252,5 k €227,9 k €284,1 k €214,5 k €229,3 k €232,4 k €238,6 k €239,1 k €240,6 k €243,1 k €245,2 k €249,1 k €247,9 k €244,6 k €
Balance sheet
Equity1,9 M €1,9 M €1,9 M €1,9 M €1,9 M €1,9 M €1,9 M €1,9 M €1,9 M €1,9 M €1,9 M €1,8 M €1,8 M €1,8 M €1,8 M €1,8 M €1,8 M €1,8 M €1,8 M €
Total assets24 M €25,8 M €27,8 M €29,8 M €32 M €34,4 M €33,8 M €36,4 M €41,2 M €31,1 M €12,2 M €10,4 M €11,1 M €7 M €7,5 M €8,3 M €9 M €9,7 M €10,4 M €
Cash451,4 k €215,7 k €308,5 k €88,8 k €58,2 k €25,6 k €4,5 k €183,3 k €1,4 k €1,1 k €1,3 k €1,9 k €262,2 €286,5 €56,8 €339,8 €408,1 €1,4 k €55,6 €
Debts22,2 M €23,9 M €25,9 M €28 M €30,2 M €32,6 M €31,9 M €34,6 M €39,4 M €29,2 M €10,4 M €8,5 M €9,2 M €5,2 M €5,7 M €6,5 M €7,2 M €7,9 M €8,6 M €
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 31/03/2026 · 5 active · 44 ended

Active mandates

Rob Wattelé

Director · since 06 octobre 2025 · until 06 août 2029

Active
Hakim Boutkabout

Director · since 27 mai 2025 · until 06 octobre 2025

Active
Joren Maetens

Director · since 27 mai 2025 · until 06 août 2029

Active
Johan Desmet

Director · since 07 août 2023 · until 06 août 2029

Active
Koen Stevens

Director · since 07 août 2023 · until 06 août 2029

Active

Ended mandates

Hakim Boutkabout

Director · since 27 mai 2025 · until 06 août 2029

Ended
Gert Van De Weghe

Director · since 07 août 2023 · until 27 mai 2025

Ended
Gert Van De Weghe

Director · since 07 août 2023 · until 06 août 2029

Ended
Michel Leyseele

Director · since 07 août 2023 · until 27 mai 2025

Ended
At this address

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Annual accounts

Full financial information

202620252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/08/202611/08/202512/08/202428/08/202327/09/202224/08/2021
General meeting03/08/202604/08/202505/08/202407/08/202302/09/202202/08/2021
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
Full model31/03/202603/08/202617/08/2026DutchPDF
Full model31/03/202504/08/202511/08/2025DutchPDF
Full model31/03/202405/08/202412/08/2024DutchPDF
Full model31/03/202307/08/202328/08/2023DutchPDF
Full model31/03/202202/09/202227/09/2022DutchPDF
Full model31/03/202102/08/202124/08/2021DutchPDF
Full model31/03/202003/08/202004/09/2020DutchPDF
Full model31/03/201905/08/201907/08/2019DutchPDF
Full model31/12/201711/05/201821/06/2018DutchPDF
Full model31/12/201612/05/201728/06/2017DutchPDF
Full model31/12/201502/05/201617/05/2016DutchPDF
Full model31/12/201404/05/201501/06/2015DutchPDF
Full model31/12/201319/06/201427/06/2014DutchPDF
Full model31/12/201220/06/201303/07/2013DutchPDF
Full model31/12/201121/06/201209/07/2012DutchPDF
Full model31/12/201016/06/201111/07/2011DutchPDF
Full model31/12/200917/06/201001/07/2010DutchPDF
Full model31/12/200818/06/200923/06/2009DutchPDF
Full model31/12/200719/06/200824/06/2008DutchPDF
Full model31/12/200621/06/200710/07/2007DutchPDF
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 31/03/2026 · 5 active · 44 ended

Active mandates

Rob Wattelé

Director · since 06 octobre 2025 · until 06 août 2029

Active
Hakim Boutkabout

Director · since 27 mai 2025 · until 06 octobre 2025

Active
Joren Maetens

Director · since 27 mai 2025 · until 06 août 2029

Active
Johan Desmet

Director · since 07 août 2023 · until 06 août 2029

Active
Koen Stevens

Director · since 07 août 2023 · until 06 août 2029

Active

Ended mandates

Hakim Boutkabout

Director · since 27 mai 2025 · until 06 août 2029

Ended
Gert Van De Weghe

Director · since 07 août 2023 · until 27 mai 2025

Ended
Gert Van De Weghe

Director · since 07 août 2023 · until 06 août 2029

Ended
Michel Leyseele

Director · since 07 août 2023 · until 27 mai 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/08/2025
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates04/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2021
    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

Timeline

  1. 2026
    Annual accounts 2026252,5 k €↑
  2. 2025
    Annual accounts 2025252,5 k €↑
  3. 2024
    Annual accounts 2024252,5 k €↑
  4. 2023
    Annual accounts 2023252,5 k €↑
  5. 2022
    Annual accounts 2022252,5 k €↑
  6. 2021
    Annual accounts 2021252,5 k €↑
  7. 2020
    Annual accounts 2020227,9 k €↓
  8. 2019
    Annual accounts 2019284,1 k €↑
  9. 2017
    Annual accounts 2017214,5 k €↓
  10. 2016
    Annual accounts 2016229,3 k €↓
  11. 2015
    Annual accounts 2015232,4 k €↓
  12. 2014
    Annual accounts 2014238,6 k €↓
  13. 2013
    Annual accounts 2013239,1 k €↓
  14. 2012
    Annual accounts 2012240,6 k €↓
  15. 2011
    Annual accounts 2011243,1 k €↓
  16. 2010
    Annual accounts 2010245,2 k €↓
  17. 2009
    Annual accounts 2009249,1 k €↑
  18. 2008
    Annual accounts 2008247,9 k €↑
  19. 2007
    Annual accounts 2007244,6 k €
  20. 14/06/1993
    IncorporationPublic limited company