Tradas
ActiveSummary
The annual accounts of Tradas for fiscal year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €29k and a net result of €-82k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 634 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency37▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.27 against 1.27 in 2024; short-term debt: 70.9% and cash: 36.1% of total assets), and 88.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
-32.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-82k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 634 sector peers (2025).
NBB · sector comparisonPosition among 634 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
24 d early
2023
21 d early
2022
64 d late
2021
19 d late
2020
31 d late
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-82k▲ 38.9%
2024 · €-134k
2018: €53k
2019: €12k▼ -76.9% vs 2018
2020: €83k▲ +580% vs 2019highest in 8 years
2021: €82k▼ -0.6% vs 2020
2022: €-219▼ -100% vs 2021
2023: €2k▲ +807% vs 2022
2024: €-134k▼ -8734% vs 2023lowest in 8 years
2025: €-82k▲ +38.9% vs 2024
2018 → 2025
Working capital
€49k▼ 22.4%
2024 · €63k
2018: €252khighest in 8 years
2019: €143k▼ -43.4% vs 2018
2020: €171k▲ +20.0% vs 2019
2021: €199k▲ +16.3% vs 2020
2022: €188k▼ -5.9% vs 2021
2023: €195k▲ +3.9% vs 2022
2024: €63k▼ -67.8% vs 2023
2025: €49k▼ -22.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€243k-€243k▼ 0.1%€245k▲ 0.6%€111k▼ 54.7%€29k▼ 73.7%
2021: €243k
2022: €243k▼ -0.1% vs 2021
2023: €245k▲ +0.6% vs 2022highest in 5 years
2024: €111k▼ -54.7% vs 2023
2025: €29k▼ -73.7% vs 2024lowest in 5 years
Operating result€122k-€11k▼ 90.9%€8k▼ 25.8%€-133k€-90k▲ 32.1%
2021: €122khighest in 5 years
2022: €11k▼ -90.9% vs 2021
2023: €8k▼ -25.8% vs 2022
2024: €-133k▼ -1711% vs 2023lowest in 5 years
2025: €-90k▲ +32.1% vs 2024
Net result€82k-€-219€2k€-134k€-82k▲ 38.9%
2021: €82khighest in 5 years
2022: €-219▼ -100% vs 2021
2023: €2k▲ +807% vs 2022
2024: €-134k▼ -8734% vs 2023lowest in 5 years
2025: €-82k▲ +38.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €90k in 2025 against €133k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250k
Fixed assets
€24k ▼ 61.0%
Current assets
€226k ▼ 23.9%
Equity and liabilities €250k
Equity
€29k ▼ 73.7%
Debt
€221k ▼ 10.9%
Debt's share of the balance-sheet total rises from 69.1% to 88.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-69k▲
2024 · €-107k
Cash flow
€-61k▲
2024 · €-108k
Current ratio
1.27▲
2024 · 1.27
Debt to equity
7.57▲
2024 · 2.23
ROE
-280.3%▼
2024 · -120.6%
ROA
-32.7%▲
2024 · -37.3%
Interest coverage
-9.41▲
2024 · -45.48
Debt ≤ 1 year
€177k▼
2024 · €234k
Debt > 1 year
€5k▼
2024 · €14k
Income taxes
€51▼
2024 · €189
Staff costs
€155k▼
2024 · €382k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€359k€250k▼
Fixed assets21/28€62k€24k▼
Tangible fixed assets22/27€59k€24k▼
Plant, machinery and equipment23€10k€3k▼
Furniture and vehicles24€47k€21k▼
Other tangible fixed assets26€2k-
Financial fixed assets28€3k-
Current assets29/58€297k€226k▼
Amounts receivable within one year40/41€183k€134k▼
Trade receivables40€137k€125k▼
Other amounts receivable41€46k€9k▼
Cash at bank and in hand54/58€106k€90k▼
Deferred charges and accrued income490/1€8k€1k▼
Equity and liabilities
Total equity and liabilities10/49€359k€250k▼
Equity10/15€111k€29k▼
Contributions10/11€79k€79k=
Capital10€79k€79k=
Issued capital100€79k€79k=
Reserves13€9k€9k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Profit (loss) carried forward14€23k€-59k▼
Amounts payable17/49€248k€221k▼
Amounts payable after more than one year17€14k€5k▼
Financial debts170/4€14k€5k▼
Amounts payable within one year42/48€234k€177k▼
Current portion of amounts payable after more than one year42€17k€9k▼
Trade debts44€159k€140k▼
Suppliers440/4€159k€140k▼
Taxes, remuneration and social security45€56k€27k▼
Taxes450/3€27k€15k▼
Remuneration and social security454/9€29k€11k▼
Other amounts payable47/48€1k€2k▲
Accrued charges and deferred income492/3-€39k
Income statement
Code20242025
Non-recurring operating income76A€17k-
Remuneration, social security and pensions62€382k€155k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€21k▼
Other operating charges640/8-€6k
Non-recurring operating charges66A-€3k
Gross operating margin9900€276k€95k▼
Operating profit (loss)9901€-133k€-90k▲
Financial income75/76B€1k€16k▲
Recurring financial income75€1k€16k▲
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€-134k€-82k▲
Income taxes67/77€189€51▼
Profit (loss) for the period9904€-134k€-82k▲
Profit (loss) for the period to be appropriated9905€-134k€-82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€-59k▼
Profit (loss) brought forward from the previous period14P€157k€23k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €11k | €0 | - | €17k | - | - |
| Remuneration, social security and pensions62 | €406k | €471k | €499k | €382k | €155k | ▼ 59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €21k | €25k | €26k | €21k | ▼ 20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €90 | €0 | - | - | - |
| Other operating charges640/8 | €1k | €348 | €0 | - | €6k | - |
| Non-recurring operating charges66A | - | €0 | - | - | €3k | - |
| Gross operating margin9900 | €538k | €504k | €532k | €276k | €95k | ▼ 65.6% |
| Operating profit (loss)9901 | €122k | €11k | €8k | €-133k | €-90k | ▲ 32.1% |
| Financial income75/76B | €5k | €938 | €431 | €1k | €16k | ▲ 1,133% |
| Recurring financial income75 | €1k | €938 | €431 | €1k | €16k | ▲ 1,133% |
| Non-recurring financial income76B | €4k | - | - | - | - | - |
| Financial charges65/66B | €14k | €11k | €3k | €2k | €7k | ▲ 214% |
| Recurring financial charges65 | €7k | €11k | €3k | €2k | €7k | ▲ 214% |
| Non-recurring financial charges66B | €6k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €114k | €731 | €6k | €-134k | €-82k | ▲ 38.8% |
| Income taxes67/77 | €32k | €950 | €4k | €189 | €51 | ▼ 72.8% |
| Profit (loss) for the period9904 | €82k | €-219 | €2k | €-134k | €-82k | ▲ 38.9% |
| Profit (loss) for the period to be appropriated9905 | €82k | €-219 | €2k | €-134k | €-82k | ▲ 38.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €647k | €669k | €531k | €359k | €250k | ▼ 30.3% |
| Fixed assets21/28 | €75k | €106k | €80k | €62k | €24k | ▼ 61.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €73k | €103k | €78k | €59k | €24k | ▼ 59.4% |
| Plant, machinery and equipment23 | €15k | €17k | €13k | €10k | €3k | ▼ 71.6% |
| Furniture and vehicles24 | €56k | €84k | €63k | €47k | €21k | ▼ 54.9% |
| Other tangible fixed assets26 | €2k | €2k | €2k | €2k | - | - |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | - | - |
| Current assets29/58 | €572k | €563k | €451k | €297k | €226k | ▼ 23.9% |
| Amounts receivable within one year40/41 | €273k | €189k | €190k | €183k | €134k | ▼ 26.8% |
| Trade receivables40 | €269k | €170k | €171k | €137k | €125k | ▼ 8.9% |
| Other amounts receivable41 | €4k | €19k | €19k | €46k | €9k | ▼ 80.1% |
| Cash at bank and in hand54/58 | €291k | €370k | €253k | €106k | €90k | ▼ 14.7% |
| Deferred charges and accrued income490/1 | €7k | €4k | €8k | €8k | €1k | ▼ 82.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €647k | €669k | €531k | €359k | €250k | ▼ 30.3% |
| Equity10/15 | €243k | €243k | €245k | €111k | €29k | ▼ 73.7% |
| Contributions10/11 | €79k | €79k | €79k | €79k | €79k | = |
| Capital10 | €79k | €79k | €79k | €79k | €79k | = |
| Issued capital100 | €79k | €79k | €79k | €79k | €79k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | €9k | €9k | €9k | €9k | €9k | = |
| Legal reserve130 | €9k | €9k | €9k | €9k | €9k | = |
| Profit (loss) carried forward14 | €156k | €155k | €157k | €23k | €-59k | ▼ 353% |
| Amounts payable17/49 | €404k | €426k | €286k | €248k | €221k | ▼ 10.9% |
| Amounts payable after more than one year17 | €31k | €50k | €31k | €14k | €5k | ▼ 62.7% |
| Financial debts170/4 | €31k | €50k | €31k | €14k | €5k | ▼ 62.7% |
| Amounts payable within one year42/48 | €372k | €375k | €256k | €234k | €177k | ▼ 24.3% |
| Current portion of amounts payable after more than one year42 | €11k | €19k | €19k | €17k | €9k | ▼ 49.3% |
| Trade debts44 | €238k | €200k | €161k | €159k | €140k | ▼ 12.2% |
| Suppliers440/4 | €238k | €200k | €161k | €159k | €140k | ▼ 12.2% |
| Taxes, remuneration and social security45 | €82k | €118k | €74k | €56k | €27k | ▼ 52.6% |
| Taxes450/3 | €42k | €64k | €43k | €27k | €15k | ▼ 44.2% |
| Remuneration and social security454/9 | €40k | €54k | €31k | €29k | €11k | ▼ 60.6% |
| Other amounts payable47/48 | €42k | €38k | €1k | €1k | €2k | ▲ 43.8% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | €39k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82k | €-219 | €2k | €-134k | €-82k | ▲ 38.9% |
| + Depreciation and write-downs630 | €9k | €21k | €25k | €26k | €21k | ▼ 20.6% |
| Operating cash flow (approximation) | €91k | €21k | €27k | €-108k | €-61k | ▲ 43.3% |
| Investment in fixed assets (approximation) | - | €-52k | €0 | €-7k | €17k | ▲ 328% |
| Change in cash | - | €79k | €-118k | €-147k | €-16k | ▲ 89.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-134k
Net result drops to €-134k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 64 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €83k ▲580%
Net result €83k, the highest in the series.
31-12
Financial
Equity above €200kEq €201k ▲12.8%
3 profitable years in a row build equity to €201k.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1987
Ground area
541 m²
Building footprint
229 m²
Volume, LiDAR
4,047 m³
2 parcels, Brussels · tallest building 25.6 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tervurenlaan 155, 1150 Sint-Pieters-Woluwe
since 19872.102.609.612
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0211/00Y003 | Brussels | 417 m² | 1 · 156 m² | 25.6 m · 7 fl. |
| 21904B0521/00Z000 | Brussels | 125 m² | 1 · 73 m² | 16.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,530 companies in sector 74301 we hold annual accounts for 720. 589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.