Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 21.3 to 14.3.
Financials
Financial year 2025
ETRAC WALLONIE from Zottegem, company number BE0478140912, closed financial year 2025 with a result of € -68,081 after tax. For that financial year ETRAC WALLONIE recorded a gross margin of € 1.1 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 246,829 to € -68,081. 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 June 22, 2026.
€ 2.7 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -68,081
▼ still € 246,829 profit in 2024
Profit after tax over the fiscal year.
€ 153,221
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.7 million.
People and assets in 2025
14.3
▼ 4.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 16% vs 2024
€ 71,100 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.
€ 48,332
▼ 80% 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.
€ 83,237
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,834
▲ € 36,716 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,907,071 | € 1,559,982 | € 1,790,688 | € 1,129,307 | ▼ 37% |
| Profit after taxes | € 211,102 | € 86,897 | € 246,829 | € -68,081 | ▼ € 314,910 |
| Equity | € 2,479,117 | € 2,566,014 | € 2,812,843 | € 2,744,762 | ▼ 2% |
| Total debts | € 955,456 | € 611,666 | € 273,408 | € 139,888 | ▼ 49% |
| Cash | € 755,935 | € 1,028,628 | € 76,861 | € 153,221 | ▲ 99% |
| Land & buildings | - | € 27,083 | € 20,583 | € 14,083 | ▼ 32% |
| Retained profit | € 2,414,117 | € 2,501,014 | € 2,747,843 | € 2,679,762 | ▼ 2% |
| Bank debt | € 802,477 | € 483,169 | € 154,910 | € 0 | ▼ 100% |
| Balance sheet total | € 3,453,323 | € 3,190,180 | € 3,092,501 | € 2,884,650 | ▼ 7% |
| Employees (FTE) | 23.2 | 21.3 | 18.9 | 14.3 | ▼ 4.6 |
Key figures of ETRAC WALLONIE, 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 ETRAC WALLONIE?
What happened at ETRAC WALLONIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Isabelle Mesdagh stepped down as director. NBB
- Frank Mesdagh stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 68,081 (▼ € 314,910 vs 2024). Source: NBB ↗
- Isabelle Mesdagh became a director. NBB
- Frank Mesdagh became a director. NBB
- New establishment in Zottegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 211,102 profit in 2022 to € 68,081 loss in 2025.
Paid € 201,627 in corporate taxes since 2022.
Best year ever: 2024, with € 246,829 profit.
On average € 79,000 of value added per employee in 2025.
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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 Eurofim (Europese Financiële en Immobiliënvennootschap) comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETRAC WALLONIEThe shares are held by Eurofim (Europese Financiële en Immobiliënvennootschap) (25%).
Directors
According to the 2025 annual accounts
Isabelle Mesdagh
Director
Also active at: Eurofim (Europese Financiële en Immobiliënvennootschap), MIXED TRANSPORT COMPANY
since 2021 · until 2027
Frank Mesdagh
Director
Also active at: Eurofim (Europese Financiële en Immobiliënvennootschap), MIXED TRANSPORT COMPANY
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vandendriesschestraat 25
9620 Zottegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0478.140.912
- VAT number
- BE 0478.140.912
- Registered office
- Vandendriesschestraat 25, 9620 Zottegem
- Names & denominations
- ETRAC WALLONIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 August 2002
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Verhuur van machines voor de bouwnijverheid met bedieningspersoneel
Vervaardiging van stortklare beton
Overige gespecialiseerde bouwwerkzaamheden
Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)