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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Traxbel from Zaventem, company number BE0738927192, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year Traxbel recorded revenue of € 3.3 million and equity of € 3.5 million. Compared with financial year 2024, the result moved from € 2.3 million to € 1.9 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 3.5 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 2.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
3.7
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 356,931
▲ 14% vs 2024
€ 96,500 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.
€ 62,011
▲ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 818,564
▼ 9% vs 2024
€ 83,333 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 102,128
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 177 days on average.
€ 808,911
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 3,825,507 | € 3,346,043 | ▼ 13% |
| Gross margin | € 4,480,484 | € 4,215,113 | - | - | |
| Profit after taxes | € 3,046,357 | € 2,853,240 | € 2,285,575 | € 1,936,750 | ▼ 15% |
| Equity | € 3,938,180 | € 4,291,420 | € 4,076,995 | € 3,513,745 | ▼ 14% |
| Total debts | € 6,815,839 | € 6,539,074 | € 6,434,347 | € 6,585,191 | ▲ 2% |
| Land & buildings | € 1,278,542 | € 1,264,833 | € 1,255,224 | € 1,337,190 | ▲ 7% |
| Retained profit | € 2,938,180 | € 3,291,420 | € 3,076,995 | € 2,513,745 | ▼ 18% |
| Dividend | € 2,000,000 | € 2,500,000 | € 2,500,000 | € 2,500,000 | |
| Bank debt | € 1,125,495 | € 1,090,332 | € 899,600 | € 818,564 | ▼ 9% |
| Balance sheet total | € 10,754,019 | € 10,830,494 | € 10,511,342 | € 10,098,936 | ▼ 4% |
| Employees (FTE) | 2 | 2.3 | 3.3 | 3.7 | ▲ 0.4 |
Key figures of Traxbel, 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 Traxbel?
What happened at Traxbel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.9 million (▼ 15% vs 2024). Source: NBB ↗
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3 million profit in 2022 to € 1.9 million profit in 2025.
Paid € 931,589 in corporate taxes since 2022.
Best year ever: 2022, with € 3 million profit.
On average € 1.8 million of value added per employee in 2023.
Management
Behind Traxbel are Latemwaarts NV, Alriva, Fumas and Oubaro. It owns 100% of Forax SP. z o.o, 100% of SASU Forax, 100% of Forax SA, 100% of Forax Limited, 100% of Forax Lithuania UAB and 100% of Forax SRL itself.
Directors
According to the 2025 annual accounts
Director · represented by Stephan Bostoen
Also active at: Immobiliën Francis Bostoen, GULFCOM EUROPE, ILLINOIS, 7energy
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 19
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0738.927.192
- VAT number
- BE 0738.927.192
- Registered office
- Excelsiorlaan 19, 1930 Zaventem
- Names & denominations
- Traxbel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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