ACTIVE

TRACE

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Financial year 2024 · closed on 31/12/2024
Net result
145,4 k €
+1337.8% YoY
Revenue
1,1 M €
+14.8% YoY
Equity
156,5 k €
+1307.2% YoY
Workforce
7,7 ETP
-2.5% YoY

What does TRACE do?

TRACE is a Non-profit organization incorporated in 2017. Its main activity is: Computer programming activities. Its registered office is in Leuven. It employs on average 7,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0672.625.219
Incorporation
02/03/2017
Legal form
Non-profit organization
Registered office
Kapeldreef 60
3001 Leuven · FlandreSee on map
Latest accounts
31/12/2024
Average workforce
7,7 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20242023202220212020
Income statement
Revenue1,1 M €980 k €810 k €680 k €560 k €
EBITDA150,7 k €18,9 k €8,7 k €20,1 k €-64,1 k €
Operating result145,6 k €11,5 k €439 €384,2 €-89 k €
Net result145,4 k €10,1 k €296,4 €258,6 €-89,1 k €
Balance sheet
Equity156,5 k €11,1 k €1 k €714 €455,4 €
Total assets692,4 k €217,9 k €178,7 k €136,4 k €137,2 k €
Cash57,5 k €123,4 k €28,6 k €69,8 k €109,2 k €
Debts288,1 k €206,8 k €177,7 k €135,6 k €136,8 k €
Other
Workforce7,7 ETP7,9 ETP7,3 ETP6,8 ETP6,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 5 active · 2 ended

Active mandates

GILEAS

Mandate · 0683.907.903

Represented by Gioacchino Haers

Active
Luc Van Gool

Director

Active
Marc Proesmans

Director

Active
MDBM

Mandate · 0845.057.367

Represented by Michaël De Blauwe

Active
Paul Van Dun

Director

Active

Ended mandates

GILEAS

Director · 0683.907.903

Represented by Gioachino Haers

Ended
MDBM

Director · 0845.057.367

Represented by Michaël De Blauwe

Ended
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Annual accounts

Full financial information

20242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months
Filing date01/07/202513/06/202419/06/202318/05/202231/05/2021
General meeting05/06/202516/05/202423/05/202311/05/202204/05/2021
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202405/06/202501/07/2025DutchPDF
Abridged model31/12/202316/05/202413/06/2024DutchPDF
Abridged model31/12/202223/05/202319/06/2023DutchPDF
Abridged model31/12/202111/05/202218/05/2022DutchPDF
Abridged model31/12/202004/05/202131/05/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 5 active · 2 ended

Active mandates

GILEAS

Mandate · 0683.907.903

Represented by Gioacchino Haers

Active
Luc Van Gool

Director

Active
Marc Proesmans

Director

Active
MDBM

Mandate · 0845.057.367

Represented by Michaël De Blauwe

Active
Paul Van Dun

Director

Active

Ended mandates

GILEAS

Director · 0683.907.903

Represented by Gioachino Haers

Ended
MDBM

Director · 0845.057.367

Represented by Michaël De Blauwe

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/08/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates11/06/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other28/03/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2024
    Annual accounts 2024145,4 k €↑
  2. 2023
    Annual accounts 202310,1 k €↑
  3. 2022
    Annual accounts 2022296,4 €↑
  4. 2021
    Annual accounts 2021258,6 €↑
  5. 2020
    Annual accounts 2020-89,1 k €
  6. 02/03/2017
    IncorporationNon-profit organization