BK TRA
InactiveBK TRA was declared bankrupt on 22-04-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 25-07-2025, published in the Belgian State Gazette on 08-08-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-09-2023, 57 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
57 d late
2021
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
€9,303▼ 0.2%
2021 · €9,323
Total assets
€97,987▲ 54.2%
2021 · €63,544
Net result
-€19
2021 · €6,823
Working capital
-€14,654▼ 33.2%
2021 · -€11,004
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022
Operating result€11,639-€2,741▼ 76.4%
Net result€6,823--€19
Equity€9,323-€9,303▼ 0.2%
Total assets€63,544-€97,987▲ 54.2%
Debt€54,221-€88,683▲ 63.6%
Working capital-€11,004--€14,654▼ 33.2%
Staff (FTE)2.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 76% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €97,987
Fixed assets
€40,605 ▼ 5.3%
Current assets
€57,382 ▲ 177%
Equity and liabilities €97,987
Equity
€9,303 ▼ 0.2%
Debt
€88,683 ▲ 63.6%
Debt's share of the balance-sheet total rises from 85.3% to 90.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9,294▼
2021 · €17,200
Cash flow
€6,533▼
2021 · €12,384
Current ratio
0.80▲
2021 · 0.65
Debt to equity
9.53▲
2021 · 5.82
ROE
-0.2%▼
2021 · 73.2%
ROA
0.0%▼
2021 · 10.7%
Interest coverage
5.39▼
2021 · 6.01
Debt ≤ 1 year
€72,036▲
2021 · €31,688
Debt > 1 year
€16,599▼
2021 · €22,533
Income taxes
€1,037▼
2021 · €1,954
Staff costs
€47,484
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €47,484 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,561 | €6,553 | ▲ 17.8% |
| Other operating charges640/8 | €6,228 | €6,369 | ▲ 2.3% |
| Non-recurring operating charges66A | - | €3,027 | - |
| Gross operating margin9900 | €23,428 | €66,173 | ▲ 182% |
| Operating profit (loss)9901 | €11,639 | €2,741 | ▼ 76.4% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €2,862 | €1,724 | ▼ 39.8% |
| Recurring financial charges65 | €2,862 | €1,724 | ▼ 39.8% |
| Profit (loss) for the period before taxes9903 | €8,777 | €1,018 | ▼ 88.4% |
| Income taxes67/77 | €1,954 | €1,037 | ▼ 46.9% |
| Profit (loss) for the period9904 | €6,823 | -€19 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €6,823 | -€19 | ▼ 100% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €63,544 | €97,987 | ▲ 54.2% |
| Fixed assets21/28 | €42,859 | €40,605 | ▼ 5.3% |
| Tangible fixed assets22/27 | €42,174 | €39,920 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €533 | - |
| Furniture and vehicles24 | €42,174 | €39,387 | ▼ 6.6% |
| Financial fixed assets28 | €685 | €685 | = |
| Current assets29/58 | €20,685 | €57,382 | ▲ 177% |
| Amounts receivable within one year40/41 | €16,227 | €51,956 | ▲ 220% |
| Trade receivables40 | €16,222 | €48,160 | ▲ 197% |
| Other amounts receivable41 | €5 | €3,796 | ▲ 70,849% |
| Cash at bank and in hand54/58 | €446 | €5,031 | ▲ 1,027% |
| Deferred charges and accrued income490/1 | €4,011 | €395 | ▼ 90.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €63,544 | €97,987 | ▲ 54.2% |
| Equity10/15 | €9,323 | €9,303 | ▼ 0.2% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €6,823 | - | - |
| Distributable reserves133 | €6,823 | - | - |
| Profit (loss) carried forward14 | - | €6,803 | - |
| Amounts payable17/49 | €54,221 | €88,683 | ▲ 63.6% |
| Amounts payable after more than one year17 | €22,533 | €16,599 | ▼ 26.3% |
| Financial debts170/4 | €22,533 | €16,599 | ▼ 26.3% |
| Amounts payable within one year42/48 | €31,688 | €72,036 | ▲ 127% |
| Current portion of amounts payable after more than one year42 | €7,836 | €10,780 | ▲ 37.6% |
| Financial debts43 | €959 | €2,500 | ▲ 161% |
| Credit institutions430/8 | €959 | €2,500 | ▲ 161% |
| Trade debts44 | €9,664 | €29,089 | ▲ 201% |
| Suppliers440/4 | €9,664 | €29,089 | ▲ 201% |
| Taxes, remuneration and social security45 | €5,556 | €29,667 | ▲ 434% |
| Taxes450/3 | €5,556 | €22,491 | ▲ 305% |
| Remuneration and social security454/9 | - | €7,176 | - |
| Other amounts payable47/48 | €7,673 | - | - |
| Accrued charges and deferred income492/3 | - | €48 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,823 | -€19 | ▼ 100% |
| + Depreciation and write-downs630 | €5,561 | €6,553 | ▲ 17.8% |
| Operating cash flow (approximation) | €12,384 | €6,533 | ▼ 47.2% |
| Investment in fixed assets (approximation) | - | -€4,298 | - |
| Change in cash | - | €4,584 | - |
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
2025
08-08
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 25-07-2025
2024
30-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 22-04-2024
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER-
MONDE |
22-04-2024 → 25-07-2025 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,237 EUR awarded · 1,237 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,237 EUR | 1,237 EUR |