Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KOTRAC from Kortrijk, company number BE0426266203, closed financial year 2025 with a result of € -26,712 after tax. For that financial year KOTRAC recorded a gross margin of € 35,447 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 64,819 to € -26,712. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 1.7 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,712
▼ still € 64,819 profit in 2024
Profit after tax over the fiscal year.
€ 971
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.2 million.
People and assets in 2025
€ 2,944
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18,318
▲ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,830
▼ 76% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,923 | € 2,641 | - | - | |
| Gross margin | € -45,856 | € 497,324 | € 146,888 | € 35,447 | ▼ 76% |
| Profit after taxes | € 198,727 | € 315,222 | € 64,819 | € -26,712 | ▼ € 91,530 |
| Equity | € 1,355,821 | € 1,671,043 | € 1,735,862 | € 1,709,150 | ▼ 2% |
| Total debts | € 285,361 | € 267,680 | € 532,817 | € 493,016 | ▼ 7% |
| Cash | € 228,302 | € 625,554 | € 11,320 | € 971 | ▼ 91% |
| Land & buildings | € 938,946 | € 867,298 | € 1,819,696 | € 1,764,920 | ▼ 3% |
| Retained profit | € 852,151 | € 1,167,373 | € 1,232,191 | € 1,205,480 | ▼ 2% |
| Balance sheet total | € 1,641,182 | € 1,938,724 | € 2,268,678 | € 2,202,166 | ▼ 3% |
Key figures of KOTRAC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KOTRAC?
What happened at KOTRAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 26,712 (▼ € 91,530 vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 198,727 profit in 2022 to € 26,712 loss in 2025.
Paid € 199,159 in corporate taxes since 2022.
Best year ever: 2023, with € 315,222 profit.
Management
Behind KOTRAC are Hans Herreman and Rosette De Baets.
Directors
According to the 2025 annual accounts
Hans Herreman
Managing director
Rosette De Baets
Managing director
Establishments
Establishment units
Physical locations of this company
De Paulientjes(Kor) 3 box 41
8500 Kortrijk
Sint-Baafskerkstraat 7
8200 Brugge
Active since 8 July 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →MVKwadraat
€ 6,658 gross margin · 2025
APOSTAR
€ -3,303 gross margin · 2025
TRI-M Invest
€ -1,313 gross margin · 2025
MARIE TARTINE
€ 1,207 gross margin · 2025
CONVEST
€ -7,390 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.266.203
- VAT number
- BE 0426.266.203
- Registered office
- De Paulientjes(Kor) 3 bus 41, 8500 Kortrijk
- Names & denominations
- KOTRAC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 1984
- Peppol
- Active · Active since 31 Dec 2025
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