ACTIVE

HATRACO

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Financial year 2025 · closed on 31/12/2025

Net result

110,3 k €

-28.4% YoY

Revenue

1,2 M €

-4.3% YoY

Equity

1,2 M €

+0.0% YoY

Workforce

8,0 ETP

+5.3% YoY

What does HATRACO do?

HATRACO is a Public limited company incorporated in 2005. Its main activity is: Freight transport by road. Its registered office is in Wingene. It employs on average 8,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.004.453

Incorporation

06/04/2005

Legal form

Public limited company

Registered office

Hillesteenweg 54
8750 Wingene · FlandreSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Average workforce

8,0 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,2 M €	-4.3%	1,2 M €	-5.9%	1,3 M €	+5.0%	1,2 M €	+33.3%	926,4 k €	-9.4%	1 M €	+12.0%	913 k €	-2.0%	931,4 k €	+8.2%	861,1 k €	+0.3%	858,9 k €	-6.9%	922,9 k €	-17.3%	1,1 M €	-3.6%	1,2 M €	-4.8%	1,2 M €	-3.1%	1,3 M €	+2.9%	1,2 M €	-8.6%	1,3 M €	+9.4%	1,2 M €	-9.4%	1,3 M €		–
EBITDA	267,3 k €	-12.2%	304,4 k €	-16.9%	366,2 k €	+13.8%	321,7 k €	+30.6%	246,4 k €	+32.8%	185,5 k €	-26.3%	251,7 k €	-18.2%	307,8 k €	+38.8%	221,7 k €	-36.1%	347,2 k €	+4.5%	332,1 k €	-11.6%	375,8 k €	+6.7%	352,2 k €	-3.7%	365,9 k €	-10.2%	407,5 k €	+15.7%	352,3 k €	+27.7%	275,9 k €	-5.9%	293,3 k €	+154%	115,6 k €	-49.3%	228 k €
Operating result	88 k €	-27.1%	120,6 k €	+2.6%	117,6 k €	+440%	21,8 k €	+221%	-18 k €	+81.0%	-94,7 k €	-2849%	-3,2 k €	-104%	81,4 k €	+6335%	1,3 k €	-98.9%	114,6 k €	-11.6%	129,7 k €	+75.3%	74 k €	+44.7%	51,1 k €	+187%	17,8 k €	-79.9%	88,4 k €	+10.7%	79,8 k €	+225%	24,6 k €	-73.3%	92,1 k €	+150%	36,9 k €	-0.1%	36,9 k €
Net result	110,3 k €	-28.4%	154,1 k €	+22.2%	126,1 k €	+473%	22 k €	+215%	-19,1 k €	+80.0%	-95,8 k €	-2099%	-4,4 k €	-105%	80,5 k €	+28545%	281,1 €	-99.8%	113 k €	-11.6%	127,9 k €	+87.0%	68,4 k €	+54.5%	44,3 k €	+603%	6,3 k €	-90.2%	64 k €	+10.1%	58,1 k €	+2340%	-2,6 k €	-104%	70,4 k €	+262%	19,5 k €	+104%	9,5 k €
Balance sheet
Equity	1,2 M €	+0.0%	1,2 M €	+5.9%	1,1 M €	+13.1%	962,4 k €	+2.3%	940,4 k €	-2.0%	959,5 k €	-9.1%	1,1 M €	-0.4%	1,1 M €	+8.2%	979,2 k €	+0.0%	978,9 k €	+13.1%	865,8 k €	+17.3%	737,9 k €	+10.2%	669,6 k €	+7.1%	625,3 k €	+1.0%	619 k €	+11.5%	555 k €	+11.7%	496,8 k €	-0.5%	499,4 k €	+16.4%	429 k €	+4.8%	409,5 k €
Total assets	1,4 M €	+2.1%	1,3 M €	+12.0%	1,2 M €	+8.6%	1,1 M €	+8.2%	1 M €	-5.6%	1,1 M €	-3.8%	1,1 M €	-0.3%	1,1 M €	+7.6%	1 M €	+0.7%	1 M €	+12.6%	921,1 k €	+7.6%	855,8 k €	-1.0%	864,3 k €	-4.1%	901,4 k €	-12.5%	1 M €	-13.5%	1,2 M €	+20.4%	989,8 k €	-27.7%	1,4 M €	+45.9%	938,3 k €	-25.6%	1,3 M €
Cash	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		12,4 €	0.0%	12,4 €	-66.9%	37,4 €	-59.1%	91,2 €	-100.0%	216,5 k €
Debts	212,5 k €	+14.7%	185,2 k €	+74.1%	106,4 k €	-23.0%	138,2 k €	+80.8%	76,5 k €	-35.2%	118,1 k €	+81.1%	65,2 k €	+2.8%	63,4 k €	-3.1%	65,5 k €	+12.2%	58,3 k €	+5.7%	55,2 k €	-52.7%	116,5 k €	-39.8%	193,4 k €	-29.4%	274,1 k €	-33.4%	411,5 k €	-35.3%	636,4 k €	+29.1%	492,9 k €	-43.3%	869,2 k €	+70.7%	509,3 k €	-40.2%	851,1 k €
Other
Workforce	8,0 ETP	+5.3%	7,6 ETP	+5.6%	7,2 ETP	-13.3%	8,3 ETP	-2.4%	8,5 ETP	-11.5%	9,6 ETP	-6.8%	10,3 ETP	+7.3%	9,6 ETP	+1.1%	9,5 ETP	-1.0%	9,6 ETP	-6.8%	10,3 ETP	-1.9%	10,5 ETP	+10.5%	9,5 ETP	-3.1%	9,8 ETP	-14.8%	11,5 ETP	0.0%	11,5 ETP	-2.5%	11,8 ETP	+20.4%	9,8 ETP	-4.9%	10,3 ETP	-43.7%	18,3 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 31/12/2025 · 2 active · 49 ended

Active mandates

HAPROCO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0427.403.774

Represented by Merijn Haeck

Active

WIHACO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 1017.319.568

Represented by Wim Haeck

Active

Ended mandates

HAPROCO

Managing director · since 04 décembre 2023 · until 05 décembre 2029 · 0427.403.774

Represented by Merijn Haeck

Ended

VACHRICO

Managing director · since 04 décembre 2023 · until 27 juin 2025 · 0475.532.503

Represented by Wim Haeck

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 31 mai 2025 · 0427.403.774

Represented by Merijn Haeck

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 05 décembre 2029 · 0427.403.774

Represented by Merijn Haeck

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2026	23/07/2025	19/07/2024	17/07/2023	15/07/2022	24/06/2021
General meeting	26/06/2026	27/06/2025	21/06/2024	23/06/2023	24/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	24/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	23/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	19/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	15/07/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	24/06/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	26/04/2019	15/05/2019	Dutch	PDF
Full model	31/12/2017	27/04/2018	14/05/2018	Dutch	PDF
Full model	31/12/2016	28/04/2017	08/05/2017	Dutch	PDF
Full model	31/12/2015	22/04/2016	25/04/2016	Dutch	PDF
Full model	31/12/2014	08/05/2015	11/05/2015	Dutch	PDF
Full model	31/12/2013	09/05/2014	12/05/2014	Dutch	PDF
Full model	31/12/2012	26/04/2013	26/04/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	11/06/2012	Dutch	PDF
Full model	31/12/2010	15/04/2011	13/05/2011	Dutch	PDF
Full model	31/12/2009	09/04/2010	06/05/2010	Dutch	PDF
Full model	31/12/2008	03/04/2009	29/04/2009	Dutch	PDF
Full model	31/12/2007	17/03/2008	16/04/2008	Dutch	PDF
Abridged model	31/12/2006	25/04/2007	10/05/2007	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 31/12/2025 · 2 active · 49 ended

Active mandates

HAPROCO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0427.403.774

Represented by Merijn Haeck

Active

WIHACO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 1017.319.568

Represented by Wim Haeck

Active

Ended mandates

HAPROCO

Managing director · since 04 décembre 2023 · until 05 décembre 2029 · 0427.403.774

Represented by Merijn Haeck

Ended

VACHRICO

Managing director · since 04 décembre 2023 · until 27 juin 2025 · 0475.532.503

Represented by Wim Haeck

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 31 mai 2025 · 0427.403.774

Represented by Merijn Haeck

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 05 décembre 2029 · 0427.403.774

Represented by Merijn Haeck

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/07/2016
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

2025
Annual accounts 2025110,3 k €↓
2024
Annual accounts 2024154,1 k €↑
2023
Annual accounts 2023126,1 k €↑
2022
Annual accounts 202222 k €↑
2021
Annual accounts 2021-19,1 k €↑
2020
Annual accounts 2020-95,8 k €↓
2019
Annual accounts 2019-4,4 k €↓
2018
Annual accounts 201880,5 k €↑
2017
Annual accounts 2017281,1 €↓
2016
Annual accounts 2016113 k €↓
2015
Annual accounts 2015127,9 k €↑
2014
Annual accounts 201468,4 k €↑
2013
Annual accounts 201344,3 k €↑
2012
Annual accounts 20126,3 k €↓
2011
Annual accounts 201164 k €↑
2010
Annual accounts 201058,1 k €↑
2009
Annual accounts 2009-2,6 k €↓
2009
Name changeHATRACO
2008
Annual accounts 200870,4 k €↑
2007
Annual accounts 200719,5 k €↑
2006
Annual accounts 20069,5 k €
2006
Name changeECOTRANS BELGIUM
06/04/2005
IncorporationPublic 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

HATRACO

Overview

What does HATRACO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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