TRUELLE
ActiveSummary
TRUELLE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+2
Solvency28▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.28 against 1.25 in 2024; short-term debt: 78.2% and cash: 0.2% of total assets), and 96.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · 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 →
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
3.1%
Return on assets
-2%
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
202122232425
2020 to 2025 · latest year €-17k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 14079 sector peers (2025).
NBB · sector comparisonPosition among 14079 sector peers
Solvency
better than 25%
← 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
47 d late
2022
30 d late
2021
135 d late
2020
23 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 39.8%
2024 · €42k
2020: €8k
2021: €-23k
2022: €83k
2023: €65k
2024: €42k
2020 → 2025
Total assets
€816k▲ 4.3%
2024 · €783k
2020: €378k
2021: €496k
2022: €213k
2023: €657k
2024: €783k
2020 → 2025
Net result
€-17k▲ 29.1%
2024 · €-23k
2020: €1k
2021: €-31k
2022: €106k
2023: €-18k
2024: €-23k
2020 → 2025
Working capital
€178k▲ 14.8%
2024 · €155k
2020: €8k
2021: €-23k
2022: €88k
2023: €167k
2024: €155k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-23k-€83k€65k▼ 22.0%€42k▼ 36.0%€25k▼ 39.8%
Operating result€-12k-€129k€-11k€3k€-3k
Net result€-31k-€106k€-18k€-23k▼ 27.5%€-17k▲ 29.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €816k
Equity
€25k ▼ 39.8%
Debt
€791k ▲ 6.7%
Debt's share of the balance-sheet total rises from 94.7% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.28▲
2024 · 1.25
Quick ratio
0.00▼
2024 · 0.01
Debt to equity
31.55▲
2024 · 17.78
ROE
-66.2%▼
2024 · -56.2%
ROA
-2.0%▲
2024 · -3.0%
Debt ≤ 1 year
€638k▲
2024 · €628k
Debt > 1 year
€120k▲
2024 · €90k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€783k€816k▲
Current assets29/58€783k€816k▲
Stocks and contracts in progress3€776k€814k▲
Stocks30/36€776k€814k▲
Amounts receivable within one year40/41€815€536▼
Trade receivables40€0€0=
Other amounts receivable41€815€536▼
Cash at bank and in hand54/58€6k€1k▼
Deferred charges and accrued income490/1€757€0▼
Equity and liabilities
Total equity and liabilities10/49€783k€816k▲
Equity10/15€42k€25k▼
Contributions10/11€6k€6k=
Reserves13€75k€75k=
Distributable reserves133€75k€75k=
Profit (loss) carried forward14€-40k€-56k▼
Amounts payable17/49€741k€791k▲
Amounts payable after more than one year17€90k€120k▲
Financial debts170/4€90k€120k▲
Amounts payable within one year42/48€628k€638k▲
Financial debts43€287k€0▼
Credit institutions430/8€287k€0▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Advances received on contracts in progress46-€360k
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Other amounts payable47/48€337k€276k▼
Accrued charges and deferred income492/3€23k€33k▲
Income statement
Code20242025
Other operating charges640/8€697€593▼
Gross operating margin9900€4k€-2k▼
Operating profit (loss)9901€3k€-3k▼
Financial income75/76B€316-
Recurring financial income75€316-
Financial charges65/66B€27k€14k▼
Recurring financial charges65€27k€14k▼
Profit (loss) for the period before taxes9903€-23k€-17k▲
Profit (loss) for the period9904€-23k€-17k▲
Profit (loss) for the period to be appropriated9905€-23k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-56k▼
Profit (loss) brought forward from the previous period14P€-16k€-40k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 135 days late
2021
31-12
Financial
Weakest financial yearnet €-31k ▼2368%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Menen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weggevoerdenlaan 448930 MenenGround area
637 m²
Building footprint
174 m²
Volume, LiDAR
856 m³
Parcel 34024A0546/00T000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRUELLE
since 20192.283.967.443
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0546/00T000 | Flanders | 637 m² | 1 · 174 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PB INVEST
BE 0777.389.573
Hasselt · Eq €25,036
HOLDERBEKE
BE 0444.221.297
Sint-Lievens-Houtem · Eq €25,031
LOTANO INVEST
BE 0794.740.893
Châtelet · Eq €25,127
JTS IMMO
BE 1003.887.147
Oupeye · Eq €25,158
GIBBS
BE 0792.634.708
Blégny · Eq €24,996
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 4,325 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.