ACTIVE

ETRAC WALLONIE

Financial year 2025 · Closed on 31/12/2025

Net result-68,1 k €-127,6 %over 1 year
Gross margin1,1 M €-36,9 %over 1 year
Equity2,7 M €-2,4 %over 1 year
Workforce14,3 ETP-24,3 %over 1 year

Identity

Source · BCE/KBO

ETRAC WALLONIE is a Public limited company incorporated in 2002. Its registered office is in Zottegem. It employs on average 14,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0478.140.912
Incorporation
07/08/2002
Legal form
Public limited company
Registered office
Vandendriesschestraat 25
9620 Zottegem · FlandreSee on map
Contributed capital
65 000,00 €
Latest accounts
31/12/2025
Average workforce
14,3 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin1,1 M €1,8 M €1,6 M €1,9 M €2,5 M €
EBITDA95 k €511,4 k €305,7 k €542,6 k €1,1 M €
Operating result-110,5 k €300,7 k €106,6 k €273,2 k €731,3 k €
Net result-68,1 k €246,8 k €86,9 k €211,1 k €598 k €
Balance sheet
Equity2,7 M €2,8 M €2,6 M €2,5 M €2,3 M €
Total assets2,9 M €3,1 M €3,2 M €3,5 M €3,5 M €
Cash153,2 k €76,9 k €1 M €755,9 k €673,9 k €
Debts139,9 k €273,4 k €611,7 k €955,5 k €1,2 M €
Other
Workforce14,3 ETP18,9 ETP21,3 ETP23,2 ETP25,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 24 ended

Active mandates

Frank Mesdagh

Director · since 21 décembre 2021 · until 20 juin 2027

Active
Isabelle Mesdagh

Director · since 21 décembre 2021 · until 20 juin 2027

Active

Ended mandates

Frank Mesdagh

Managing director · since 21 décembre 2021 · until 20 juin 2027

Ended
Frank Mesdagh

Managing director · since 21 décembre 2021 · until 30 juin 2027

Ended
Isabelle Mesdagh

Managing director · since 21 décembre 2021 · until 20 juin 2027

Ended
Isabelle Mesdagh

Managing director · since 21 décembre 2021 · until 30 juin 2027

Ended

Other companies at this address

Vandendriesschestraat 25 9620 Zottegem
CompanyCBE no.
0400.216.357
MESDAGH-MESDAGH● Active
0721.486.988
0457.537.419
0628.502.392

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202623/06/202527/06/202428/06/202327/06/202225/06/2021
General meeting20/06/202620/06/202520/06/202420/06/202320/06/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/06/202622/06/2026DutchPDF
Abridged model31/12/202420/06/202523/06/2025DutchPDF
Abridged model31/12/202320/06/202427/06/2024DutchPDF
Abridged model31/12/202220/06/202328/06/2023DutchPDF
Abridged model31/12/202120/06/202227/06/2022FrenchPDF
Abridged model31/12/202021/06/202125/06/2021FrenchPDF
Abridged model31/12/201920/06/202029/06/2020FrenchPDF
Abridged model31/12/201820/06/201924/06/2019FrenchPDF
Abridged model31/12/201720/06/201828/06/2018FrenchPDF
Abridged model31/12/201620/06/201728/07/2017FrenchPDF
Abridged model31/12/201520/06/201628/06/2016FrenchPDF
Abridged model31/12/201430/06/201524/07/2015FrenchPDF
Abridged model30/04/201430/06/201409/09/2014FrenchPDF
Abridged model30/04/201301/07/201326/09/2013FrenchPDF
Abridged model30/04/201230/06/201209/11/2012FrenchPDF
Abridged model30/04/201130/06/201116/09/2011FrenchPDF
Abridged model30/04/201030/06/201022/09/2010FrenchPDF
Abridged model30/04/200930/06/200928/09/2009FrenchPDF
Abridged model30/04/200830/06/200825/09/2008DutchPDF
Abridged model31/12/200602/06/200705/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

2 active · 24 ended

Active mandates

Frank Mesdagh

Director · since 21 décembre 2021 · until 20 juin 2027

Active
Isabelle Mesdagh

Director · since 21 décembre 2021 · until 20 juin 2027

Active

Ended mandates

Frank Mesdagh

Managing director · since 21 décembre 2021 · until 20 juin 2027

Ended
Frank Mesdagh

Managing director · since 21 décembre 2021 · until 30 juin 2027

Ended
Isabelle Mesdagh

Managing director · since 21 décembre 2021 · until 20 juin 2027

Ended
Isabelle Mesdagh

Managing director · since 21 décembre 2021 · until 30 juin 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other23/02/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office24/01/2023
    SIEGE SOCIAL
    PDF
  • Mandates20/01/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/10/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/09/2017
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
    PDF
  • Other22/01/2015
    ANNEE COMPTABLE
    PDF
  • Mandates11/07/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/03/2012
    DEMISSIONS, NOMINATIONS
    PDF

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 2025-68,1 k €↓
  2. 2024
    Annual accounts 2024246,8 k €↑
  3. 2023
    Annual accounts 202386,9 k €↓
  4. 2022
    Annual accounts 2022211,1 k €↓
  5. 2021
    Annual accounts 2021598 k €↑
  6. 2020
    Annual accounts 2020535 k €↑
  7. 2019
    Annual accounts 2019266,4 k €↑
  8. 2018
    Annual accounts 2018199 k €↑
  9. 2017
    Annual accounts 2017120,1 k €↓
  10. 2016
    Annual accounts 2016144,4 k €↑
  11. 2015
    Annual accounts 201587,5 k €↑
  12. 2014
    Annual accounts 201457 k €↓
  13. 2014
    Annual accounts 201491,2 k €↓
  14. 2013
    Annual accounts 2013131,2 k €↓
  15. 2012
    Annual accounts 2012141 k €↑
  16. 2011
    Annual accounts 20116,1 k €↓
  17. 2010
    Annual accounts 2010347 k €↑
  18. 2009
    Annual accounts 2009154,1 k €↑
  19. 2008
    Annual accounts 200842,7 k €↓
  20. 2006
    Annual accounts 200685,9 k €
  21. 07/08/2002
    IncorporationPublic limited company