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BART TRUYERS

Active
Private limited companyfounded 2004active for 22 yearsRijkelstraat 10, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0867.615.708
Summary

The computed 12-month bankruptcy probability of BART TRUYERS is 1.5% (moderate). The 2024 annual accounts show equity of €221,007 and a net result of €30,582. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 56% of 35,978 sector peers (NACE 43, financial year 2024). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 12 October 2026.

Equity
€221,007▲ 16.1%
2023 · €190,425
Total assets
€429,413▼ 13.0%
2023 · €493,471
Net result
€30,582▼ 19.3%
2023 · €37,875
Working capital
-€115,249▲ 27.6%
2023 · -€159,259
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result falls in 2024; 2024 is 16% below 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€53,272 2024 Net result€30,582 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€28,601--€20,634€27,811€38,296▲ 37.7%€39,976▲ 4.4%€63,448▲ 58.7%€53,272▼ 16.0%
Net result€7,520--€34,787€14,009within the sector's middle half€23,102within the sector's middle half▲ 64.9%€40,233above the sector's middle half▲ 74.2%€37,875above the sector's middle half▼ 5.9%€30,582above the sector's middle half▼ 19.3%
Equity€109,993-€75,206▼ 31.6%€89,215within the sector's middle half▲ 18.6%€112,317within the sector's middle half▲ 25.9%€152,550above the sector's middle half▲ 35.8%€190,425above the sector's middle half▲ 24.8%€221,007above the sector's middle half▲ 16.1%
Total assets€645,911-€588,150▼ 8.9%€566,638above the sector's middle half▼ 3.7%€558,145above the sector's middle half▼ 1.5%€504,401above the sector's middle half▼ 9.6%€493,471above the sector's middle half▼ 2.2%€429,413above the sector's middle half▼ 13.0%
Debt€535,918-€512,944▼ 4.3%€477,423▼ 6.9%€445,828▼ 6.6%€351,851▼ 21.1%€303,047▼ 13.9%€208,407▼ 31.2%
Working capital-€13,554--€21,605▼ 59.4%-€23,449below the sector's middle half▼ 8.5%-€132,752below the sector's middle half▼ 466%-€156,798below the sector's middle half▼ 18.1%-€159,259below the sector's middle half▼ 1.6%-€115,249below the sector's middle half▲ 27.6%
Solvency17.0%-12.8%▼ 4.2pp15.7%below the sector's middle half▲ 3.0pp20.1%below the sector's middle half▲ 4.4pp30.2%within the sector's middle half▲ 10.1pp38.6%within the sector's middle half▲ 8.3pp51.5%within the sector's middle half▲ 12.9pp
Current ratio0.90-0.78▼ 0.120.82below the sector's middle half▲ 0.040.45below the sector's middle half▼ 0.370.32below the sector's middle half▼ 0.130.37below the sector's middle half▲ 0.050.34below the sector's middle half▼ 0.03
Return on assets (ROA)1.2%--5.9%▼ 7.1pp2.5%within the sector's middle half▲ 8.4pp4.1%within the sector's middle half▲ 1.7pp8.0%within the sector's middle half▲ 3.8pp7.7%within the sector's middle half▼ 0.3pp7.1%within the sector's middle half▼ 0.6pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €429,413
Fixed assets €371,150 ▼ 7.5%
Current assets €58,263 ▼ 36.8%
Equity and liabilities €429,413
Equity €221,007 ▲ 16.1%
Debt €208,407 ▼ 31.2%
Debt's share of the balance-sheet total falls from 61.4% to 48.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€84,411▼
2023 · €94,511
Cash flow
€61,721▼
2023 · €68,938
Quick ratio
0.31▼
2023 · 0.35
Debt to equity
0.94▼
2023 · 1.59
ROE
13.8%▼
2023 · 19.9%
Interest coverage
18.29▲
2023 · 15.96
Debt ≤ 1 year
€173,513▼
2023 · €251,441
Debt > 1 year
€34,894▼
2023 · €51,605
Income taxes
€18,075▼
2023 · €19,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,372 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€493,471€429,413▼
Fixed assets21/28€401,289€371,150▼
Tangible fixed assets22/27€401,289€371,150▼
Land and buildings22€370,339€352,807▼
Plant, machinery and equipment23€6,234€5,100▼
Furniture and vehicles24€15,240€10,138▼
Leasing and similar rights25€9,477€3,105▼
Current assets29/58€92,182€58,263▼
Stocks and contracts in progress3€5,000€5,000=
Stocks30/36€5,000€5,000=
Amounts receivable within one year40/41€42,896€27,885▼
Trade receivables40€42,896€27,885▼
Cash at bank and in hand54/58€44,286€23,692▼
Deferred charges and accrued income490/1-€1,687
Equity and liabilities
Total equity and liabilities10/49€493,471€429,413▼
Equity10/15€190,425€221,007▲
Contributions10/11€6,200€6,200=
Reserves13€184,225€214,807▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€182,365€212,947▲
Amounts payable17/49€303,047€208,407▼
Amounts payable after more than one year17€51,605€34,894▼
Financial debts170/4€51,605€34,894▼
Amounts payable within one year42/48€251,441€173,513▼
Current portion of amounts payable after more than one year42€68,568€22,836▼
Trade debts44€78,736€62,488▼
Suppliers440/4€78,736€62,488▼
Taxes, remuneration and social security45€21,566€18,151▼
Taxes450/3€21,566€18,151▼
Other amounts payable47/48€82,571€70,038▼
Income statement Code20232024
Non-recurring operating income76A€757€772▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,063€31,139▲
Other operating charges640/8€404€5,760▲
Gross operating margin9900€94,915€90,170▼
Operating profit (loss)9901€63,448€53,272▼
Financial charges65/66B€5,922€4,614▼
Recurring financial charges65€5,922€4,614▼
Profit (loss) for the period before taxes9903€57,526€48,658▼
Income taxes67/77€19,651€18,075▼
Profit (loss) for the period9904€37,875€30,582▼
Profit (loss) for the period to be appropriated9905€37,875€30,582▼
Appropriation of the result
Profit (loss) to be appropriated9906€37,875€30,582▼
Transfer to equity691/2€37,875€30,582▼
To other reserves6921€37,875€30,582▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Non-recurring operating income76A-----€757€772▲ 2.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69,151€55,363€50,114€29,648€30,371€31,063€31,139▲ 0.2%
Other operating charges640/8---€2,757€486€404€5,760▲ 1,327%
Gross operating margin9900€109,077€39,205€78,838€70,701€70,833€94,915€90,170▼ 5.0%
Operating profit (loss)9901€28,601-€20,634€27,811€38,296€39,976€63,448€53,272▼ 16.0%
Financial income75/76B----€22,152---
Recurring financial income75€1---€22,152---
Non-recurring financial income76B----€22,152---
Financial charges65/66B---€5,365€6,014€5,922€4,614▼ 22.1%
Recurring financial charges65€17,766€18,285€10,093€5,365€6,014€5,922€4,614▼ 22.1%
Profit (loss) for the period before taxes9903€10,836-€34,306€17,718€32,931€56,114€57,526€48,658▼ 15.4%
Income taxes67/77€3,316€482€3,709€9,829€15,881€19,651€18,075▼ 8.0%
Profit (loss) for the period9904€7,520-€34,787€14,009€23,102€40,233€37,875€30,582▼ 19.3%
Transfer from tax-exempt reserves789---€5,000----
Profit (loss) for the period to be appropriated9905€7,520-€34,787€14,009€28,102€40,233€37,875€30,582▼ 19.3%
Line2018201920202021202220232024Change
Assets
Total assets20/58€645,911€588,150€566,638€558,145€504,401€493,471€429,413▼ 13.0%
Formation expenses20€0-------
Fixed assets21/28€524,390€510,361€461,087€450,643€432,225€401,289€371,150▼ 7.5%
Intangible fixed assets21€0-------
Tangible fixed assets22/27€524,390€510,361€461,087€450,643€432,225€401,289€371,150▼ 7.5%
Land and buildings22---€405,402€387,871€370,339€352,807▼ 4.7%
Plant, machinery and equipment23---€8,702€8,164€6,234€5,100▼ 18.2%
Furniture and vehicles24---€14,319€20,341€15,240€10,138▼ 33.5%
Leasing and similar rights25---€22,221€15,849€9,477€3,105▼ 67.2%
Financial fixed assets28€0-------
Current assets29/58€121,521€77,789€105,551€107,501€72,176€92,182€58,263▼ 36.8%
Stocks and contracts in progress3€27,980€24,980€64,053€62,797€5,000€5,000€5,000=
Stocks30/36---€62,797€5,000€5,000€5,000=
Amounts receivable within one year40/41€20,267€35,331€7,851€9,880-€42,896€27,885▼ 35.0%
Trade receivables40---€9,549-€42,896€27,885▼ 35.0%
Other amounts receivable41---€331----
Current investments50/53€0-------
Cash at bank and in hand54/58€62,202€17,478€33,647€34,665€46,772€44,286€23,692▼ 46.5%
Deferred charges and accrued income490/1---€159€20,405-€1,687-
Equity and liabilities
Total equity and liabilities10/49€645,911€588,150€566,638€558,145€504,401€493,471€429,413▼ 13.0%
Equity10/15€109,993€75,206€89,215€112,317€152,550€190,425€221,007▲ 16.1%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200=
Reserves13€90,960€69,006€83,015€106,117€146,350€184,225€214,807▲ 16.6%
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Distributable reserves133---€104,257€144,490€182,365€212,947▲ 16.8%
Profit (loss) carried forward14€12,833€5,313€12,833-----
Provisions and deferred taxes16€0-------
Amounts payable17/49€535,918€512,944€477,423€445,828€351,851€303,047€208,407▼ 31.2%
Amounts payable after more than one year17€400,842€413,550€348,423€205,574€122,877€51,605€34,894▼ 32.4%
Financial debts170/4---€205,574€122,877€51,605€34,894▼ 32.4%
Amounts payable within one year42/48€135,076€99,394€129,000€240,254€228,974€251,441€173,513▼ 31.0%
Current portion of amounts payable after more than one year42---€75,327€68,985€68,568€22,836▼ 66.7%
Trade debts44€46,143€45,943€37,283€43,353€46,883€78,736€62,488▼ 20.6%
Suppliers440/4---€43,353€46,883€78,736€62,488▼ 20.6%
Taxes, remuneration and social security45---€18,894€22,378€21,566€18,151▼ 15.8%
Taxes450/3---€18,894€22,378€21,566€18,151▼ 15.8%
Other amounts payable47/48---€102,678€90,728€82,571€70,038▼ 15.2%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€7,520-€34,787€14,009€23,102€40,233€37,875€30,582▼ 19.3%
+ Depreciation and write-downs630€69,151€55,363€50,114€29,648€30,371€31,063€31,139▲ 0.2%
Operating cash flow (approximation)€76,671€20,576€64,123€52,750€70,604€68,938€61,721▼ 10.5%
Investment in fixed assets (approximation)--€41,334-€840-€19,204-€11,953-€128-€1,000▼ 684%
Change in cash--€44,724€16,168€1,018€12,106-€2,485-€20,595▼ 729%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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