Trone Construct

Active

Private limited companyfounded 20206 yrs activeOnafhankelijkheidslaan 17-18, 9000 Gent, BelgiumKBO/BCE: BE 0750.529.580

Summary

Trone Construct has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-36k) and a net result of €-11k. Equity is shrinking by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2025

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability36▲+18

Solvency23▼-1

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 6.13 against 8.2 in 2024; short-term debt: 16.3% and cash: 0.3% of total assets), but equity is negative.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

-1.5%

Return on assets

-0.5%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year €-36k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 5 filings

Deviation from the deadline

2025

42 d late

2024

29 d late

2023

5 d early

2022

30 d late

2021

8 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-11k▲ 34.6%

2024 · €-17k

2021: €-17k 2022: €-19k 2023: €23k 2024: €-17k

2021 → 2025

Working capital

€1.98M▲ 23.5%

2024 · €1.60M

2021: €715k 2022: €1.09M 2023: €1.25M 2024: €1.60M

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-12k-€-31k▼ 162%€-8k▲ 75.4%€-25k▼ 226%€-36k▼ 45.3%

Operating result€-17k-€-19k▼ 13.4%€23k€-17k€-11k▲ 34.6%

Net result€-17k-€-19k▼ 14.1%€23k€-17k€-11k▲ 34.6%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €11k in 2025 against €17k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.37M

100.0%

Fixed assets €937 ▼ 20.7%

Current assets €2.37M ▲ 29.5%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-11k▲

2024 · €-17k

Cash flow

€-11k▲

2024 · €-17k

Solvency

-1.5%▼

2024 · -1.4%

Current ratio

6.13▼

2024 · 8.20

Quick ratio

0.04▼

2024 · 0.15

Debt to equity

-66.61▲

2024 · -74.60

ROA

-0.5%▲

2024 · -0.9%

Debt

€2.40M▲

2024 · €1.85M

Debt ≤ 1 year

€386k▲

2024 · €223k

Debt > 1 year

€2.02M▲

2024 · €1.63M

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 · 35 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.83M€2.37M▲

Fixed assets21/28€1k€937▼

Intangible fixed assets21€1k€937▼

Current assets29/58€1.83M€2.37M▲

Stocks and contracts in progress3€1.79M€2.35M▲

Stocks30/36€1.79M€2.35M▲

Amounts receivable within one year40/41€4k€11k▲

Trade receivables40€1k€3k▲

Other amounts receivable41€3k€9k▲

Cash at bank and in hand54/58€30k€6k▼

Equity and liabilities

Total equity and liabilities10/49€1.83M€2.37M▲

Equity10/15€-25k€-36k▼

Contributions10/11€5k€5k=

Outside capital11€5k€5k=

Other1109/19€5k€5k=

Profit (loss) carried forward14€-30k€-41k▼

Amounts payable17/49€1.85M€2.40M▲

Amounts payable after more than one year17€1.63M€2.02M▲

Other amounts payable178/9€1.63M€2.02M▲

Amounts payable within one year42/48€223k€386k▲

Trade debts44€43k€20k▼

Suppliers440/4€43k€20k▼

Taxes, remuneration and social security45€180k€366k▲

Taxes450/3€180k€366k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43€245▲

Other operating charges640/8€122k€187k▲

Gross operating margin9900€105k€175k▲

Operating profit (loss)9901€-17k€-11k▲

Financial charges65/66B€0-

Recurring financial charges65€0-

Profit (loss) for the period before taxes9903€-17k€-11k▲

Profit (loss) for the period9904€-17k€-11k▲

Profit (loss) for the period to be appropriated9905€-17k€-11k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-30k€-41k▼

Profit (loss) brought forward from the previous period14P€-13k€-30k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 8Financial 2Gazette 1Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-09

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 42 days late

09-09

State Gazette act Resignation: Motown Project Holding II (director)

Appointments: VERACT (director) and 3D REAL ESTATE (director) · Permanent representatives: Peter VERLINDEN and Stefan PUTMAN · Name change15 facts ▸

General meeting, 27-08-2026
Name change, Trone Construct
Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, zonder dat deze lijst limitatief zou…
Registered-office move, Onafhankelijkheidslaan 17-18, 9000 Gent
Statutes amendment
Capital
Director resignation, Motown Project Holding II (director)
Director appointment, VERACT (director)
Permanent representative, Peter VERLINDEN
Director appointment, 3D REAL ESTATE (director)
Permanent representative, Stefan PUTMAN
Mandate compensation, VERACT
+3 further facts in this act

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

26-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €23k

Net result €23k after 2 loss-making years.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Weakest financial yearnet €-19k

Net result drops to €-19k, the lowest in the series; recovery starts the following year.

08-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 8 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 6 acts read

About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors, last change in 2026

3D Real Estate

Director · since 07-07-2026 · Public limited company · perm. rep.: Stefan PUTMAN

Current

VERACT

Director · since 07-07-2026 · Private limited company · perm. rep.: Peter VERLINDEN

Current

07-07-2026 3D Real Estate: Appointed as Director

07-07-2026 VERACT: Appointed as Director

07-07-2026 Motown Project Holding II: Resigned as Director

Not every act has been read: a resignation may be missing here

5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

1,693 m²

Building footprint

1,050 m²

Volume, LiDAR

18,280 m³

2 parcels, Brussels, Flanders · tallest building 41.4 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Motown Trone Construct

Louizalaan 375, 1050 BrusselConstruction of residential and non-residential buildings

since 20202.312.712.305

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0211/00S012	Brussels	1,025 m²	1 · 786 m²	41.4 m · 2 fl.
44808H0085/00P002 ProtectedTownscape or village viewMiljoenenkwartierSource ↗	Flanders	668 m²	1 · 264 m²	18.6 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Structure & network

Connections & network

1 connected company

Linked via shared directors

Motown Trone Land

Shared corporate director

→

Capital and shareholders

Capital over the years

09-09-2026 Capital stated in the act · 100 shares

Similar companies · same sector and region

ACADEMIE VASTGOEDONTWIKKELING

ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT

BE 0478.405.285

Gent

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-07-2020

Fiscal year end31-12

Activities, NACEBEL 2025

68121Development of residential building projects

68122Development of non-residential building projects

Sources

Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.