ATRADEX
ActiveSummary
ATRADEX has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€459,739) and a net result of -€34,103. Equity is shrinking by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+24
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.04 in 2024; short-term debt: 94.9% and cash: 1.6% of total assets), and equity is negative.
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Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
-46.5%
Return on assets
-3.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€459,739
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
49 d late
2022
50 d late
2021
32 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 1 September (5 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€34,103▲ 37.7%
2024 · -€54,713
Working capital
-€841,736▼ 3.5%
2024 · -€813,602
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€90,742▲ 19.1%-€108,339▼ 19.4%-€33,148▲ 69.4%-€46,223▼ 39.4%-€25,839▲ 44.1%
Net result-€98,978below the sector's middle half▲ 17.4%-€117,816below the sector's middle half▼ 19.0%-€42,209below the sector's middle half▲ 64.2%-€54,713below the sector's middle half▼ 29.6%-€34,103below the sector's middle half▲ 37.7%
Equity-€210,899below the sector's middle half▼ 88.4%-€328,715below the sector's middle half▼ 55.9%-€370,924below the sector's middle half▼ 12.8%-€425,636below the sector's middle half▼ 14.8%-€459,739below the sector's middle half▼ 8.0%
Total assets€1.0mwithin the sector's middle half▲ 53.4%€1.1mwithin the sector's middle half▲ 5.4%€1.0mwithin the sector's middle half▼ 3.7%€968,834within the sector's middle half▼ 5.3%€989,192within the sector's middle half▲ 2.1%
Debt€1.2m▲ 58.5%€1.4m▲ 14.1%€1.4m▲ 0.2%€1.4m=€1.4m▲ 3.9%
Working capital-€645,485below the sector's middle half▼ 73.2%-€771,213below the sector's middle half▼ 19.5%-€786,130below the sector's middle half▼ 1.9%-€813,602below the sector's middle half▼ 3.5%-€841,736below the sector's middle half▼ 3.5%
Solvency-20.9%below the sector's middle half▼ 3.9pp-30.9%below the sector's middle half▼ 10.0pp-36.2%below the sector's middle half▼ 5.3pp-43.9%below the sector's middle half▼ 7.7pp-46.5%below the sector's middle half▼ 2.5pp
Current ratio0.05below the sector's middle half▼ 0.020.02below the sector's middle half▼ 0.030.04below the sector's middle half▲ 0.020.04below the sector's middle half=0.10below the sector's middle half▲ 0.06
Return on assets (ROA)-9.8%below the sector's middle half▲ 8.4pp-11.1%below the sector's middle half▼ 1.3pp-4.1%below the sector's middle half▲ 7.0pp-5.6%below the sector's middle half▼ 1.5pp-3.4%below the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,839 in 2025 against €46,223 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €989,192
Fixed assets
€892,453 ▼ 4.4%
Current assets
€96,740 ▲ 176%
Key figures and ratios
EBITDA
€45,010▲
2024 · €24,392
Cash flow
€36,747▲
2024 · €15,902
Debt to equity
-3.15▲
2024 · -3.28
Interest coverage
5.45▲
2024 · 2.87
Debt ≤ 1 year
€938,476▲
2024 · €848,604
Debt > 1 year
€509,366▼
2024 · €545,866
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.6%
went bankrupt
3.8%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €859 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,586 | €70,898 | €69,354 | €70,615 | €70,849 | ▲ 0.3% |
| Other operating charges640/8 | €36,751 | €17,751 | €7,265 | €5,705 | €4,954 | ▼ 13.2% |
| Gross operating margin9900 | -€17,405 | -€19,690 | €43,471 | €30,097 | €49,965 | ▲ 66.0% |
| Operating profit (loss)9901 | -€90,742 | -€108,339 | -€33,148 | -€46,223 | -€25,839 | ▲ 44.1% |
| Financial charges65/66B | €8,236 | €9,477 | €9,061 | €8,490 | €8,264 | ▼ 2.7% |
| Recurring financial charges65 | €8,236 | €9,477 | €9,061 | €8,490 | €8,264 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | -€98,978 | -€117,816 | -€42,209 | -€54,713 | -€34,103 | ▲ 37.7% |
| Profit (loss) for the period9904 | -€98,978 | -€117,816 | -€42,209 | -€54,713 | -€34,103 | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | -€98,978 | -€117,816 | -€42,209 | -€54,713 | -€34,103 | ▲ 37.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €1.0m | €968,834 | €989,192 | ▲ 2.1% |
| Fixed assets21/28 | €977,814 | €1.1m | €991,106 | €933,832 | €892,453 | ▼ 4.4% |
| Tangible fixed assets22/27 | €977,314 | €1.1m | €990,606 | €933,332 | €891,953 | ▼ 4.4% |
| Land and buildings22 | €590,616 | €575,856 | €561,096 | €546,336 | €531,576 | ▼ 2.7% |
| Plant, machinery and equipment23 | €366,399 | €461,751 | €428,945 | €386,968 | €358,467 | ▼ 7.4% |
| Furniture and vehicles24 | €20,300 | €12,862 | €565 | €28 | €1,910 | ▲ 6,722% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €30,534 | €12,030 | €32,154 | €35,002 | €96,740 | ▲ 176% |
| Amounts receivable within one year40/41 | - | - | €2 | - | €80,210 | - |
| Trade receivables40 | - | - | - | - | €5,210 | - |
| Other amounts receivable41 | - | - | €2 | - | €75,000 | - |
| Cash at bank and in hand54/58 | €28,400 | €11,103 | €31,813 | €34,645 | €16,157 | ▼ 53.4% |
| Deferred charges and accrued income490/1 | €2,134 | €927 | €339 | €357 | €372 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.0m | €968,834 | €989,192 | ▲ 2.1% |
| Equity10/15 | -€210,899 | -€328,715 | -€370,924 | -€425,636 | -€459,739 | ▼ 8.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | - | - |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €24 | €24 | €24 | €24 | €24 | = |
| Non-distributable reserves130/1 | €24 | €24 | €24 | €24 | €24 | = |
| Legal reserve130 | €24 | €24 | €24 | €24 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €24 | - |
| Profit (loss) carried forward14 | -€229,515 | -€347,331 | -€389,540 | -€444,253 | -€478,356 | ▼ 7.7% |
| Amounts payable17/49 | €1.2m | €1.4m | €1.4m | €1.4m | €1.4m | ▲ 3.9% |
| Amounts payable after more than one year17 | €543,228 | €608,470 | €575,899 | €545,866 | €509,366 | ▼ 6.7% |
| Financial debts170/4 | €543,228 | €608,470 | €575,899 | €542,866 | €509,366 | ▼ 6.2% |
| Other amounts payable178/9 | - | - | - | €3,000 | - | - |
| Amounts payable within one year42/48 | €676,019 | €783,244 | €818,285 | €848,604 | €938,476 | ▲ 10.6% |
| Current portion of amounts payable after more than one year42 | €27,155 | €32,116 | €32,571 | €32,915 | €33,501 | ▲ 1.8% |
| Trade debts44 | €48,579 | €18,423 | €18,245 | €18,221 | €4,000 | ▼ 78.0% |
| Suppliers440/4 | €48,579 | €18,423 | €18,245 | €18,221 | €4,000 | ▼ 78.0% |
| Taxes, remuneration and social security45 | €9,818 | €236 | - | - | €3,036 | - |
| Taxes450/3 | €9,818 | €236 | - | - | €3,036 | - |
| Other amounts payable47/48 | €590,468 | €732,468 | €767,468 | €797,468 | €897,939 | ▲ 12.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,090 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€98,978 | -€117,816 | -€42,209 | -€54,713 | -€34,103 | ▲ 37.7% |
| + Depreciation and write-downs630 | €36,586 | €70,898 | €69,354 | €70,615 | €70,849 | ▲ 0.3% |
| Operating cash flow (approximation) | -€62,392 | -€46,918 | €27,145 | €15,902 | €36,747 | ▲ 131% |
| Investment in fixed assets (approximation) | - | -€144,052 | -€9,491 | -€13,341 | -€29,470 | ▼ 121% |
| Change in cash | - | -€17,297 | €20,710 | €2,832 | -€18,488 | ▼ 753% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
26-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 49 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 50 days late
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 32 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€119,794
Net result drops to -€119,794, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1999
Ground area
89 m²
Building footprint
92 m²
Volume, LiDAR
1,123 m³
Parcel 21013B0090/00B003, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Overwinningsstraat 56, 1060 Sint-Gillis (bij-Brussel)
since 19992.092.995.526
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0090/00B003 | Brussels | 89 m² | 1 · 92 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,530 companies in sector 68322 we hold annual accounts for 745. 307 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47791Retail sale of antiques
47792Retail sale of second-hand clothing
71111Activities of building architects
90201Performing arts by independent artists
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465861504
Also
9925:BE0465861504
Registered
08-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.