ACTIVE

TRACKS&Co

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Financial year 2025 · closed on 31/12/2025

Net result

51,7 k €

-3.6% YoY

Gross margin

89,8 k €

-0.2% YoY

Equity

258,2 k €

+6.0% YoY

What does TRACKS&Co do?

TRACKS&Co is a Private limited company incorporated in 2011. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Jurbise.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0837.109.802

Incorporation

20/06/2011

Legal form

Private limited company

Registered office

Rue de Brocqueroy(MJ) 78
7050 Jurbise · Wallonie

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

72101Research and experimental development on natural sciences and engineering· main 72110Research and experimental development on biotechnology 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	89,8 k €	-0.2%	90 k €	+143%	37,1 k €	-53.6%	79,9 k €	+13.6%	70,4 k €	+10.0%	64 k €	-3.1%	66 k €	+9.6%	60,2 k €	-3.4%	62,3 k €	+2.6%	60,8 k €	-2.6%	62,4 k €	-22.4%	80,4 k €	+39.8%	57,5 k €	+53.9%	37,4 k €	+67.9%	22,3 k €
EBITDA	87,9 k €	-1.3%	89,1 k €	+144%	36,5 k €	-53.9%	79,1 k €	+13.7%	69,6 k €	+10.1%	63,2 k €	-3.7%	65,6 k €	+10.3%	59,5 k €	-2.7%	61,1 k €	+2.4%	59,7 k €	-3.7%	62 k €	-17.7%	75,3 k €	+32.4%	56,8 k €	+54.2%	36,9 k €	+71.0%	21,6 k €
Operating result	85,6 k €	-2.1%	87,4 k €	+144%	35,9 k €	-54.3%	78,5 k €	+13.2%	69,4 k €	+25.8%	55,1 k €	-4.2%	57,5 k €	+13.5%	50,7 k €	-2.1%	51,8 k €	+2.9%	50,3 k €	-16.8%	60,4 k €	-18.8%	74,4 k €	+31.2%	56,7 k €	+53.9%	36,9 k €	+71.0%	21,6 k €
Net result	51,7 k €	-3.6%	53,6 k €	+128%	23,5 k €	-55.0%	52,2 k €	+4.4%	50 k €	+22.6%	40,8 k €	+6.3%	38,4 k €	+27.6%	30,1 k €	+1.4%	29,7 k €	+3.2%	28,7 k €	-3.3%	29,7 k €	-32.9%	44,3 k €	+21.3%	36,6 k €	+54.0%	23,7 k €	+71.1%	13,9 k €
Balance sheet
Equity	258,2 k €	+6.0%	243,7 k €	+8.3%	225 k €	-13.9%	261,1 k €	+9.9%	237,7 k €	+7.1%	221,9 k €	-23.3%	289,4 k €	+13.7%	254,6 k €	+13.0%	225,3 k €	+15.2%	195,6 k €	+17.2%	166,8 k €	+21.7%	137,1 k €	+47.8%	92,8 k €	+85.5%	50 k €	+90.3%	26,3 k €
Total assets	528,8 k €	+10.4%	478,8 k €	-5.9%	508,9 k €	+36.8%	372 k €	+11.3%	334,4 k €	-14.0%	388,8 k €	+9.4%	355,4 k €	+7.6%	330,5 k €	+6.8%	309,4 k €	+23.4%	250,7 k €	+26.3%	198,5 k €	+17.0%	169,6 k €	+45.6%	116,5 k €	+77.7%	65,5 k €	+88.2%	34,8 k €
Cash	461,9 k €	-0.3%	463,3 k €	-7.3%	500 k €	+35.6%	368,7 k €	+15.7%	318,7 k €	-15.5%	377,3 k €	+12.3%	335,9 k €	+11.7%	300,8 k €	+10.6%	272,1 k €	+33.6%	203,6 k €	+12.9%	180,4 k €	+17.6%	153,3 k €	+46.6%	104,6 k €	+88.6%	55,5 k €	+62.8%	34,1 k €
Debts	270,6 k €	+15.1%	235,2 k €	-17.2%	283,9 k €	+156%	110,9 k €	+14.7%	96,7 k €	-42.1%	166,9 k €	+153%	66 k €	-11.1%	74,2 k €	-11.8%	84,2 k €	+52.8%	55,1 k €	+74.0%	31,7 k €	-2.5%	32,5 k €	+37.1%	23,7 k €	+52.6%	15,5 k €	+81.7%	8,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Etienne FERAIN

Director · since 30 juin 2011

Active

Ended mandates

Etienne FERAIN

Manager · since 30 juin 2011

Ended

ETIENNE FERAIN

Manager · since 20 juin 2011

Ended

Annual accounts

Full financial information

	2025	2024	2023	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/06/2023	30/06/2022	30/06/2021
Length of the financial year	12 months	12 months	6 months	12 months	12 months	12 months
Filing date	21/06/2026	21/07/2025	23/06/2024	02/01/2024	21/01/2023	31/01/2022
General meeting	28/05/2026	29/05/2025	30/05/2024	02/12/2023	03/12/2022	04/12/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/05/2026	21/06/2026	French	PDF
Micro model	31/12/2024	29/05/2025	21/07/2025	French	PDF
Micro model	31/12/2023	30/05/2024	23/06/2024	French	PDF
Micro model	30/06/2023	02/12/2023	02/01/2024	French	PDF
Micro model	30/06/2022	03/12/2022	21/01/2023	French	PDF
Micro model	30/06/2021	04/12/2021	31/01/2022	French	PDF
Micro model	30/06/2020	05/12/2020	31/01/2021	French	PDF
Micro model	30/06/2019	07/12/2019	30/01/2020	French	PDF
Micro model	30/06/2018	01/12/2018	31/01/2019	French	PDF
Micro model	30/06/2017	02/12/2017	16/01/2018	French	PDF
Abridged model	30/06/2016	03/12/2016	31/01/2017	French	PDF
Abridged model	30/06/2015	05/12/2015	28/01/2016	French	PDF
Abridged model	30/06/2014	06/12/2014	27/01/2015	French	PDF
Abridged model	30/06/2013	07/12/2013	29/01/2014	French	PDF
Abridged model	30/06/2012	01/12/2012	28/01/2013	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Etienne FERAIN

Director · since 30 juin 2011

Active

Ended mandates

Etienne FERAIN

Manager · since 30 juin 2011

Ended

ETIENNE FERAIN

Manager · since 20 juin 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Other22/06/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202551,7 k €↓
2024
Annual accounts 202453,6 k €↑
2023
Annual accounts 202323,5 k €↓
2023
Annual accounts 202352,2 k €↑
2022
Annual accounts 202250 k €↑
2021
Annual accounts 202140,8 k €↑
2020
Annual accounts 202038,4 k €↑
2019
Annual accounts 201930,1 k €↑
2018
Annual accounts 201829,7 k €↑
2017
Annual accounts 201728,7 k €↓
2016
Annual accounts 201629,7 k €↓
2015
Annual accounts 201544,3 k €↑
2014
Annual accounts 201436,6 k €↑
2013
Annual accounts 201323,7 k €↑
2012
Annual accounts 201213,9 k €
20/06/2011
IncorporationPrivate 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

TRACKS&Co

Overview

What does TRACKS&Co do?

Trend over 15 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