Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TRACKINSIDE from Seraing, company number BE0892035160, closed financial year 2025 with a result of € -2,151 after tax. For that financial year TRACKINSIDE recorded a gross margin of € -1,756 and equity of € -495,530. Compared with financial year 2024, the result moved from € -21,008 to € -2,151. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ -495,530
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,151
▲ 90 % less loss than in 2024
Profit after tax over the fiscal year.
€ 436
▲ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
Debts at end 2025
€ 361,786
Loans from banks and other lenders, long and short.
€ 11,944
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,906 | € -12,731 | € -17,172 | € -1,756 | ▲ € 15,416 |
| Profit after taxes | € -4,679 | € -31,534 | € -21,008 | € -2,151 | ▲ € 18,857 |
| Equity | € -440,837 | € -472,371 | € -493,379 | € -495,530 | |
| Total debts | € 461,375 | € 481,027 | € 495,968 | € 496,756 | |
| Cash | € 1,319 | € 1,637 | € 223 | € 436 | ▲ 96% |
| Retained profit | € -966,837 | € -998,371 | € -1,019,379 | € -1,021,530 | |
| Bank debt | € 361,786 | € 361,786 | € 361,786 | € 361,786 | |
| Balance sheet total | € 20,538 | € 8,656 | € 2,589 | € 1,226 | ▼ 53% |
Key figures of TRACKINSIDE, 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 TRACKINSIDE?
What happened at TRACKINSIDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LASER ENGINEERING APPLICATIONS SA stepped down as director. NBB
- Srl Noshaq Partners stepped down as director. NBB
- TOTAL BRAND SECURITY LTD stepped down as director. NBB
- AMPLITUDES SYSTEMES stepped down as director. NBB
- COSTET SAS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2,151. Source: NBB ↗
- LASER ENGINEERING APPLICATIONS SA became a director. NBB
- Srl Noshaq Partners became a director. NBB
In short
From € 4,679 loss in 2022 to € 2,151 loss in 2025.
A new publication or filing at TRACKINSIDE? We notify you, reason included.
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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 LASER ENGINEERING APPLICATIONS, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TRACKINSIDEThe shares are held by LASER ENGINEERING APPLICATIONS (30.3%), NOSHAQ VENTURE (10.9%) and NOSHAQ SPIN-OFFS (10.9%).
Directors
According to the 2025 annual accounts
LASER ENGINEERING APPLICATIONS SA
Director · represented by Axel KUPISIEWICZ
since 2023 · until 2029
Director · represented by Benoît FELLIN
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2023 · until 2029
TOTAL BRAND SECURITY LTD
Director · represented by Adrian SIMMONS
since 2023 · until 2029
AMPLITUDES SYSTEMES
Director · represented by Damien BUET
since 2023 · until 2029
COSTET SAS
Director · represented by Xavier COSTET
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Louis Plescia 31
4102 Seraing
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
- 0892.035.160
- VAT number
- BE 0892.035.160
- Registered office
- Rue Louis Plescia 31, 4102 Seraing
- Names & denominations
- TRACKINSIDE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 2007
- Peppol
- Active · Active since 30 Jun 2026
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