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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Shrinking team NBB
FTE fell two years in a row, from 1 to 0.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2025
ETRACON from Ledegem, company number BE0454088474, closed financial year 2025 with a result of € 15,998 after tax. For that financial year ETRACON recorded a gross margin of € 67,998 and equity of € 202,493. Compared with financial year 2024, the result moved from € 16,271 to € 15,998. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 24, 2025.
€ 202,493
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,998
▼ 2% vs 2024
Profit after tax over the fiscal year.
€ 29,294
▲ € 22,632 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 183,901.
People and assets in 2025
0
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 204,810
▼ 13% vs 2024
€ 29,611 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 29,467
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 160,180 | € 155,652 | € 63,073 | € 67,998 | ▲ 8% |
| Profit after taxes | € 4,815 | € 17,904 | € 16,271 | € 15,998 | ▼ 2% |
| Equity | € 152,319 | € 170,223 | € 186,495 | € 202,493 | ▲ 9% |
| Total debts | € 457,336 | € 807,621 | € 357,649 | € 247,494 | ▼ 31% |
| Cash | € 7,120 | € 127,310 | € 6,662 | € 29,294 | ▲ € 22,632 |
| Retained profit | € 133,727 | € 151,631 | € 167,903 | € 183,901 | ▲ 10% |
| Bank debt | € 285,000 | € 264,032 | € 234,421 | € 204,810 | ▼ 13% |
| Balance sheet total | € 609,655 | € 977,844 | € 544,144 | € 449,986 | ▼ 17% |
| Employees (FTE) | 1 | 1 | 0.7 | 0 | ▼ 0.7 |
Key figures of ETRACON, 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 October 2026.
What happened to ETRACON?
What happened at ETRACON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
ETRACON is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2025: profit of € 15,998 (▼ 2% vs 2024). Source: NBB ↗
- Erik Espeel became a director. NBB
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,815 profit in 2022 to € 15,998 profit in 2025.
Paid € 121 in corporate taxes since 2022.
Best year ever: 2023, with € 17,904 profit.
On average € 155,700 of value added per employee in 2023.
Management
Behind ETRACON is Erik Espeel. Erik Espeel is also behind AMATEX.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
't Lindeke 4
8880 Ledegem
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.088.474
- VAT number
- BE 0454.088.474
- Registered office
- 't Lindeke 4, 8880 Ledegem
- Names & denominations
- ETRACON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 22 December 1994
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Handelsbemiddeling in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen