What does NITRACO do?

NITRACO is a civil engineering contractor in Olen. Public Limited, started on 14 June 1993, 1 establishment.

What is the address of NITRACO?

The registered office of NITRACO is located at Lammerdries-Oost 29, 2250 Olen.

Is NITRACO still active?

Yes. According to the CBE (29 October 2026) NITRACO is active, legal situation “Normale toestand”, started on 14 June 1993.

Is NITRACO registered on Peppol?

Yes, NITRACO is registered on the Peppol network with ID 0208:0450334376.

What is the enterprise number of NITRACO?

The enterprise number of NITRACO is BE0450334376.

When was NITRACO founded?

NITRACO was founded on 14 June 1993.

Who are the directors of NITRACO?

According to the 2026 annual accounts, the directors of NITRACO are: Rob Wattelé, Koen Stevens, Joren Maetens, Johan Desmet, Hakim Boutkabout.

Is NITRACO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 June 1993; 5 annual accounts filed, latest fiscal year 2026; 5 directors known from the annual account.

How much profit did NITRACO make in 2026?

NITRACO posted a profit after taxes of € 252,450 in financial year 2026.

What is the revenue of NITRACO?

In its most recent annual accounts (2026), NITRACO reported revenue of € 3,518,135.

NITRACO (Public Limited) - Olen - BE0450334376

Dossier NITRACO, printed on 29 October 2026 from databakkes.be/en/0450334376/nitraco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 44 % of short-term debt in 2026; threshold 65 %.

Financials

Financial year 2026

NITRACO from Olen, company number BE0450334376, closed financial year 2026 with a result of € 252,450 after tax. For that financial year NITRACO recorded revenue of € 3.5 million and equity of € 1.9 million. Compared with financial year 2025, the result moved from € 252,450 to € 252,450. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.

What it is worth Healthy

€ 1.9 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 252,450

Profit after tax over the fiscal year.

Cash in the bank

€ 451,404

▲ 109% vs 2025

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 252,450 paid out

100 % of the profit went to the shareholders, mostly to Pipelink nv (50 % of the shares). That is where the money ends up.

Debts at end 2026

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 4.8 million

▼ 19% vs 2025

€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 835,301

▲ 269% vs 2025

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 340 days on average.

Taxes

€ 60,266

▲ 1% vs 2025

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Revenue	€ 3,439,782 Revenue 2023: € 3,439,782 First fiscal year in the series	€ 3,447,786 Revenue 2024: € 3,447,786 Unchanged (€ 3,439,782) Favourable step	€ 3,458,667 Revenue 2025: € 3,458,667 Unchanged (€ 3,447,786) Favourable step	€ 3,518,135 Revenue 2026: € 3,518,135 ▲ 2% vs 2025 (€ 3,458,667) Favourable step	▲ 2%
Profit after taxes	€ 252,450 Profit after taxes 2023: € 252,450 First fiscal year in the series	€ 252,450 Profit after taxes 2024: € 252,450 Unchanged (€ 252,450) Unchanged	€ 252,450 Profit after taxes 2025: € 252,450 Unchanged (€ 252,450) Unchanged	€ 252,450 Profit after taxes 2026: € 252,450 Unchanged (€ 252,450) Unchanged
Equity	€ 1,851,300 Equity 2023: € 1,851,300 First fiscal year in the series	€ 1,851,300 Equity 2024: € 1,851,300 Unchanged (€ 1,851,300) Unchanged	€ 1,851,300 Equity 2025: € 1,851,300 Unchanged (€ 1,851,300) Unchanged	€ 1,851,300 Equity 2026: € 1,851,300 Unchanged (€ 1,851,300) Unchanged
Total debts	€ 27,958,697 Total debts 2023: € 27,958,697 First fiscal year in the series	€ 25,904,285 Total debts 2024: € 25,904,285 ▼ 7% vs 2023 (€ 27,958,697) Favourable step	€ 23,937,810 Total debts 2025: € 23,937,810 ▼ 8% vs 2024 (€ 25,904,285) Favourable step	€ 22,192,742 Total debts 2026: € 22,192,742 ▼ 7% vs 2025 (€ 23,937,810) Favourable step	▼ 7%
Cash	€ 88,762 Cash 2023: € 88,762 First fiscal year in the series	€ 308,492 Cash 2024: € 308,492 ▲ 248% vs 2023 (€ 88,762) Favourable step	€ 215,702 Cash 2025: € 215,702 ▼ 30% vs 2024 (€ 308,492) Unfavourable step	€ 451,404 Cash 2026: € 451,404 ▲ 109% vs 2025 (€ 215,702) Favourable step	▲ 109%
Retained profit	€ 168,300 Retained profit 2023: € 168,300 First fiscal year in the series	€ 168,300 Retained profit 2024: € 168,300 Unchanged (€ 168,300) Unchanged	€ 168,300 Retained profit 2025: € 168,300 Unchanged (€ 168,300) Unchanged	€ 168,300 Retained profit 2026: € 168,300 Unchanged (€ 168,300) Unchanged
Dividend	€ 252,450 Dividend 2023: € 252,450 First fiscal year in the series	€ 252,450 Dividend 2024: € 252,450 Unchanged (€ 252,450) Unchanged	€ 252,450 Dividend 2025: € 252,450 Unchanged (€ 252,450) Unchanged	€ 252,450 Dividend 2026: € 252,450 Unchanged (€ 252,450) Unchanged
Bank debt	€ 8,171,752 Bank debt 2023: € 8,171,752 First fiscal year in the series	€ 7,049,602 Bank debt 2024: € 7,049,602 ▼ 14% vs 2023 (€ 8,171,752) Favourable step	€ 5,915,618 Bank debt 2025: € 5,915,618 ▼ 16% vs 2024 (€ 7,049,602) Favourable step	€ 4,770,084 Bank debt 2026: € 4,770,084 ▼ 19% vs 2025 (€ 5,915,618) Favourable step	▼ 19%
Balance sheet total	€ 29,809,997 Balance sheet total 2023: € 29,809,997 First fiscal year in the series	€ 27,755,585 Balance sheet total 2024: € 27,755,585 ▼ 7% vs 2023 (€ 29,809,997) Unchanged	€ 25,789,110 Balance sheet total 2025: € 25,789,110 ▼ 7% vs 2024 (€ 27,755,585) Unchanged	€ 24,044,042 Balance sheet total 2026: € 24,044,042 ▼ 7% vs 2025 (€ 25,789,110) Unchanged	▼ 7%

Key figures of NITRACO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.

What happened to NITRACO?

What happened at NITRACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Rob Wattelé stepped down as director. NBB
2029 Koen Stevens stepped down as director. NBB
2029 Joren Maetens stepped down as director. NBB
2029 Johan Desmet stepped down as director. NBB
Aug 17, 2026 New annual accounts for financial year 2026: profit of € 252,450. Source: NBB ↗
2025 Rob Wattelé became a director. NBB
2025 Hakim Boutkabout stepped down as director. NBB
2025 Joren Maetens became a director. NBB

In short

From € 252,450 profit in 2023 to € 252,450 profit in 2026.

Paid € 336,600 in corporate taxes since 2023.

Best year ever: 2023, with € 252,450 profit.

Paid out € 1 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Pipelink nv 50%

Nippon Sanso Belgium nv 50%

NITRACO

The shares are held by Pipelink nv (50%) and Nippon Sanso Belgium nv (50%).

Directors

According to the 2026 annual accounts

Rob Wattelé

Director

since 2025 · until 2029

Koen Stevens

Director

Also active at: Antwerpse Chemische Bedrijven

since 2023 · until 2029

Joren Maetens

Director

since 2025 · until 2029

Johan Desmet

Director

Also active at: Antwerpse Chemische Bedrijven, NIPPON GASES BELGIUM

since 2023 · until 2029

Hakim Boutkabout

Director

since 2025 · until 2025

Shareholders

Pipelink nv

50%

Nippon Sanso Belgium nv

50%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Lammerdries-Oost 29

2250 Olen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

Antwerpse Chemische Bedrijven same network

Nippon Sanso Belgium same network

€ 174.1 million revenue · 2026

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0450.334.376

VAT number

BE 0450.334.376

Registered office

Lammerdries-Oost 29, 2250 Olen

Names & denominations

NITRACO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

14 June 1993

Peppol

Active · Active since 16 Dec 2025

Activities · NACE

Bouw van civieltechnische werken voor elektriciteit en telecommunicatie

Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen

Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw

Verhuur van machines en installaties voor de bouwnijverheid

View on CBE Public ↗ Annual accounts (NBB) ↗

NITRACO

Warning lights

Financials

What happened to NITRACO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions