ACTIVE

G-TRAC

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Financial year 2025 · closed on 31/03/2025

Net result

492,7 k €

-3.3% YoY

Gross margin

933,3 k €

+19.4% YoY

Equity

2,6 M €

+23.2% YoY

Workforce

3,7 ETP

-9.8% YoY

What does G-TRAC do?

G-TRAC is a Private limited company incorporated in 2004. Its registered office is in Nieuwerkerken (Limb.). It employs on average 3,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.147.255

Incorporation

06/05/2004

Legal form

Private limited company

Registered office

Ambachtstraat 1117
3850 Nieuwerkerken (Limb.) · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Average workforce

3,7 ETP

Joint committees (2)

14904
218

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	933,3 k €	+19.4%	781,9 k €	-12.5%	893,6 k €	+19.2%	749,8 k €	+5.3%	711,9 k €	+108%	342,5 k €	-36.3%	537,2 k €	+34.2%	400,4 k €	+3.9%	385,5 k €	+54.5%	249,6 k €	-12.4%	284,9 k €	+191%	97,9 k €	-37.4%	156,3 k €	+12.9%	138,4 k €	-17.8%	168,4 k €	+126%	74,6 k €	-29.6%	106 k €	+7.2%	98,9 k €	+245%	28,7 k €
EBITDA	740,9 k €	+32.6%	558,9 k €	-17.8%	679,8 k €	+19.3%	569,7 k €	+6.0%	537,4 k €	+202%	177,9 k €	-52.1%	371,1 k €	+60.1%	231,8 k €	+11.1%	208,6 k €	+111%	99,1 k €	-43.1%	174,3 k €	+181%	62,1 k €	-38.3%	100,7 k €	+3.8%	97 k €	-32.9%	144,6 k €	+207%	47,2 k €	-38.5%	76,7 k €	+15.0%	66,7 k €	+142%	27,6 k €
Operating result	564 k €	-16.9%	678,6 k €	+74.5%	389 k €	+9.8%	354,2 k €	-8.8%	388,3 k €	+558%	59 k €	-80.1%	296,4 k €	+104%	145,4 k €	+7.6%	135,1 k €	+136%	57,2 k €	-52.3%	119,9 k €	+689%	15,2 k €	-29.7%	21,6 k €	-46.9%	40,7 k €	-63.6%	111,8 k €	+890%	11,3 k €	-61.3%	29,2 k €	-6.3%	31,2 k €	+673%	-5,4 k €
Net result	492,7 k €	-3.3%	509,3 k €	+72.1%	295,9 k €	+6.2%	278,7 k €	-13.4%	321,9 k €	+831%	34,6 k €	-86.9%	263,3 k €	+151%	104,7 k €	+8.4%	96,6 k €	+460%	17,3 k €	-17.2%	20,9 k €	+183%	7,4 k €	-50.8%	15 k €	-13.0%	17,2 k €	-73.6%	65,3 k €	+457%	11,7 k €	-10.1%	13 k €	-30.5%	18,7 k €	+278%	-10,5 k €
Balance sheet
Equity	2,6 M €	+23.2%	2,1 M €	+31.6%	1,6 M €	+22.4%	1,3 M €	+26.8%	1 M €	+44.8%	715 k €	+4.8%	682 k €	+62.9%	418,8 k €	+33.3%	314,1 k €	+44.4%	217,5 k €	+8.6%	200,3 k €	+11.6%	179,4 k €	+4.3%	172 k €	+9.5%	157 k €	+12.3%	139,8 k €	+87.5%	74,6 k €	+18.6%	62,9 k €	+26.1%	49,8 k €	+60.2%	31,1 k €
Total assets	5,3 M €	-1.1%	5,4 M €	+15.4%	4,7 M €	+27.0%	3,7 M €	-4.4%	3,8 M €	+8.6%	3,5 M €	+40.2%	2,5 M €	+64.5%	1,5 M €	-1.1%	1,6 M €	-18.1%	1,9 M €	+28.1%	1,5 M €	-11.6%	1,7 M €	+35.2%	1,2 M €	-7.1%	1,3 M €	+59.0%	836,2 k €	-20.9%	1,1 M €	+66.4%	635,3 k €	-35.8%	989,8 k €	+144%	405,6 k €
Cash	87 k €	-64.9%	248,1 k €	-45.4%	454,3 k €	+142%	187,8 k €	+110%	89,5 k €	+245%	26 k €	-65.5%	75,3 k €	-71.9%	268 k €	+335%	61,7 k €	-50.8%	125,4 k €	+262%	34,6 k €	-76.0%	144,2 k €	+280%	37,9 k €	-82.0%	210,6 k €	+2239%	9 k €	-94.8%	172,1 k €	+40221%	426,8 €	-99.8%	230,8 k €	+668%	30,1 k €
Debts	2,7 M €	-16.9%	3,3 M €	+6.8%	3,1 M €	+29.6%	2,4 M €	-15.9%	2,8 M €	-0.5%	2,8 M €	+53.4%	1,8 M €	+64.8%	1,1 M €	-9.9%	1,2 M €	-26.2%	1,7 M €	+39.9%	1,2 M €	-19.7%	1,5 M €	+40.2%	1,1 M €	-9.3%	1,2 M €	+68.3%	696,4 k €	-29.1%	982,8 k €	+71.7%	572,4 k €	-39.1%	940 k €	+151%	374,5 k €
Other
Workforce	3,7 ETP	-9.8%	4,1 ETP	-12.8%	4,7 ETP	+14.6%	4,1 ETP	-16.3%	4,9 ETP	+16.7%	4,2 ETP	0.0%	4,2 ETP	-14.3%	4,9 ETP	-2.0%	5,0 ETP	+22.0%	4,1 ETP	+28.1%	3,2 ETP	+1500%	0,2 ETP	-88.9%	1,8 ETP	+38.5%	1,3 ETP	+30.0%	1,0 ETP	+42.9%	0,7 ETP		–		0,9 ETP		–

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 31/03/2025 · 2 active · 2 ended

Active mandates

ELLEN BEKKERS

Director

Active

GUNTHER GUEDENS

Director

Active

Ended mandates

ELLEN BEKKERS

Manager

Ended

GUNTHER GUEDENS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/10/2025	31/10/2024	31/10/2023	30/11/2022	29/11/2021	19/11/2020
General meeting	04/09/2025	30/10/2024	30/10/2023	29/11/2022	25/11/2021	13/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	04/09/2025	31/10/2025	Dutch	PDF
Abridged model	31/03/2024	30/10/2024	31/10/2024	Dutch	PDF
Abridged model	31/03/2023	30/10/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	29/11/2022	30/11/2022	Dutch	PDF
Abridged model	31/03/2021	25/11/2021	29/11/2021	Dutch	PDF
Abridged model	31/03/2020	13/11/2020	19/11/2020	Dutch	PDF
Abridged model	31/03/2019	28/10/2019	31/10/2019	Dutch	PDF
Abridged model	31/03/2018	29/10/2018	31/10/2018	Dutch	PDF
Abridged model	31/03/2017	27/10/2017	30/10/2017	Dutch	PDF
Abridged model	31/03/2016	25/10/2016	31/10/2016	Dutch	PDF
Abridged model	31/03/2015	10/09/2015	21/09/2015	Dutch	PDF
Abridged model	31/03/2014	28/10/2014	30/10/2014	Dutch	PDF
Abridged model	31/03/2013	28/10/2013	30/10/2013	Dutch	PDF
Abridged model	31/03/2012	08/11/2012	26/11/2012	Dutch	PDF
Abridged model	31/03/2011	15/09/2011	04/11/2011	Dutch	PDF
Abridged model	31/03/2010	02/09/2010	10/11/2010	Dutch	PDF
Abridged model	31/03/2009	29/10/2009	30/10/2009	Dutch	PDF
Abridged model	31/03/2008	31/10/2008	25/11/2008	Dutch	PDF
Abridged model	31/03/2007	06/09/2007	11/10/2007	Dutch	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 31/03/2025 · 2 active · 2 ended

Active mandates

ELLEN BEKKERS

Director

Active

GUNTHER GUEDENS

Director

Active

Ended mandates

ELLEN BEKKERS

Manager

Ended

GUNTHER GUEDENS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/06/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Registered office30/05/2007
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares19/01/2006
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office09/02/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other11/06/2004
DIVERSEN
PDF
Other18/05/2004
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

2025
Annual accounts 2025492,7 k €↓
2024
Annual accounts 2024509,3 k €↑
2023
Annual accounts 2023295,9 k €↑
2022
Annual accounts 2022278,7 k €↓
2021
Annual accounts 2021321,9 k €↑
2020
Annual accounts 202034,6 k €↓
2019
Annual accounts 2019263,3 k €↑
2018
Annual accounts 2018104,7 k €↑
2017
Annual accounts 201796,6 k €↑
2016
Annual accounts 201617,3 k €↓
2015
Annual accounts 201520,9 k €↑
2014
Annual accounts 20147,4 k €↓
2013
Annual accounts 201315 k €↓
2012
Annual accounts 201217,2 k €↓
2011
Annual accounts 201165,3 k €↑
2010
Annual accounts 201011,7 k €↓
2009
Annual accounts 200913 k €↓
2008
Annual accounts 200818,7 k €↑
2007
Annual accounts 2007-10,5 k €
06/05/2004
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

G-TRAC

Overview

What does G-TRAC do?

Trend over 19 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