Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 25.8 to 13.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CARTRONICS from Wavre, company number BE0444959685, closed financial year 2025 with a result of € -9,177 after tax. For that financial year CARTRONICS recorded a gross margin of € 853,462 and equity of € 694,937. Compared with financial year 2024, the result moved from € -46,682 to € -9,177. 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 March 18, 2026.
€ 694,937
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,177
▲ 80 % less loss than in 2024
Profit after tax over the fiscal year.
€ 367,664
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 632,926.
People and assets in 2025
13
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 780,107
▼ 7% vs 2024
€ 60,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 44,039
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 42,813
▼ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 149,389
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 95,637
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 830,094 | € 867,563 | € 902,847 | € 853,462 | ▼ 5% |
| Profit after taxes | € -146,476 | € -78,725 | € -46,682 | € -9,177 | ▲ € 37,504 |
| Equity | € 917,522 | € 838,797 | € 754,115 | € 694,937 | ▼ 8% |
| Total debts | € 643,309 | € 404,139 | € 491,945 | € 337,839 | ▼ 31% |
| Cash | € 396,143 | € 265,462 | € 308,719 | € 367,664 | ▲ 19% |
| Land & buildings | € 3,819 | € 2,645 | - | - | |
| Retained profit | € 855,510 | € 776,785 | € 692,103 | € 632,926 | ▼ 9% |
| Dividend | € 0 | € 0 | € 0 | € 50,000 | |
| Bank debt | € 56,741 | € 47,932 | € 46,316 | € 42,813 | ▼ 8% |
| Balance sheet total | € 1,560,830 | € 1,242,936 | € 1,246,060 | € 1,032,777 | ▼ 17% |
| Employees (FTE) | 25.8 | 25.8 | 13.6 | 13 | ▼ 0.6 |
Key figures of CARTRONICS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CARTRONICS?
What happened at CARTRONICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,177. Source: NBB ↗
- RAVI AND CO SRL became a director. NBB
- FM BUSINESS INVEST SRL became a director. NBB
- NWOW SRL became a director. NBB
- New establishment in Namur. KBO
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 146,476 loss in 2022 to € 9,177 loss in 2025.
Paid € 4,402 in corporate taxes since 2022.
On average € 65,700 of value added per employee in 2025.
Paid out € 50,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of F.M BUSINESS INVEST, NWOW, RAVI AND CO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CARTRONICSBehind CARTRONICS are RAVI AND CO SRL, FM BUSINESS INVEST SRL and NWOW SRL. The shares are held by F.M BUSINESS INVEST (22.5%), NWOW (5%) and RAVI AND CO.
Directors
According to the 2025 annual accounts
Director · represented by RAOUL VILASECA TORRES
Also active at: Bureau d'Affaires Goossens - Orlans et Cie
since 2023
Director · represented by Fabien Marion
since 2023
Director · represented by GREGORY GILLET
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Louvain 473 box 1
1300 Wavre
Chaussée de Louvain(BU) 354
5004 Namur
Active since 1 October 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
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€ 13,713 gross margin · 2024
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€ 47,880 gross margin · 2025
VDK RACING
€ 45,358 gross margin · 2022
FJA Distribution
€ 1.9 million gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0444.959.685
- VAT number
- BE 0444.959.685
- Registered office
- Chaussée de Louvain 473 bus 1, 1300 Wavre
- Names & denominations
- CARTRONICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 August 1991
- Peppol
- Active · Active since 14 Dec 2025
- Contact
- cartronics.be
- Activities · NACE
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