Equity
Equity fell by 48% in 6 years.
Equity fell by 48% in 6 years.
Back in profit in 2025, after a loss of €33,003 in 2024.
Of this, €193,724 falls due within a year.
The last five annual accounts were filed 0 to 2 days before the end of the period.
A director left. Latest change 18-12-2025 · 1 in office.
Higher net result than 93% of companies in real estate. Sector median €5,995 · 17,190 companies.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 42% of them on solvency, 81% on liquidity, 95% on profitability and 96% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,053 companies had the same profile as Tr@ce has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Tr@ce itself is lower: 0.1% within 12 months. It rests on far more data about Tr@ce than the profile alone.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for Tr@ce. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.25 (1.29 in 2024), below the usual 1.5. Short-term debt is 55.8% and cash 46% of total assets. 77.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Tr@ce Floreffe | €347,196 | €173,483 | 22.6% | - |
| FRALAT Namur | €464,746 | €175,979 | 15.0% | - |
| LOU-BEN Aalst | €337,830 | €169,525 | 39.0% | - |
| RESEAU-PRO Waterloo | €372,016 | €149,755 | 5.7% | - |
| PRIAES IMMO Soumagne | €344,313 | €142,133 | 26.0% | - |
| K-PITAL INVEST Auderghem | €404,476 | €168,363 | 53.7% | - |
| ABVB Pajottegem | €299,992 | €163,118 | 37.7% | - |
These companies have the same main activity as Tr@ce: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €300,000 and €465,000, founded between 2015 and 2016.
Tr@ce files the micro format. That format states no turnover. The gross margin rose from -€13,914 in 2017 to €173,483 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 45% of 17,199 companies in 2025.
Higher than 53% of 16,496 companies in 2025.
Higher than 93% of 16,875 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
347,196 | 659,080 | 244,686 | 252,876 | 177,908 | 133,069 | 216,230 | 747,140 | 450,397 | |
21/28 |
105,145 | 115,247 | 125,763 | 142,192 | 147,858 | 28,663 | 34,255 | 11,255 | 8,310 | |
22/27 |
105,145 | 115,247 | 125,763 | 142,192 | 141,066 | 18,163 | 23,755 | 3,155 | 8,310 | |
22 |
104,196 | 114,778 | 125,359 | 135,940 | 128,566 | - | - | - | - | |
23 |
- | 0 | 150 | 342 | 680 | 433 | 115 | 188 | 261 | |
24 |
948 | 469 | 254 | 5,910 | 11,820 | 17,729 | 23,639 | 2,967 | 8,049 | |
28 |
- | - | 0 | 0 | 6,792 | 10,500 | 10,500 | 8,100 | - | |
29/58 |
242,052 | 543,833 | 118,923 | 110,684 | 30,050 | 104,406 | 181,975 | 735,886 | 442,086 | |
3 |
37,769 | 374,815 | 104,504 | 85,784 | 8,729 | 7,152 | 0 | 674,854 | 392,339 | |
30/36 |
37,769 | 374,815 | 104,504 | 85,784 | 8,729 | 7,152 | 0 | 674,854 | 392,339 | |
40/41 |
44,036 | 31,753 | 11,101 | 3,091 | 16,005 | 19,024 | 32,786 | 2,652 | 1,425 | |
40 |
19,800 | 28,017 | 10,055 | 2,321 | 7,100 | 8,839 | 23 | 435 | 68 | |
41 |
24,236 | 3,736 | 1,047 | 770 | 8,905 | 10,184 | 32,762 | 2,217 | 1,357 | |
54/58 |
159,653 | 136,368 | 2,470 | 21,009 | 4,518 | 76,667 | 147,310 | 57,605 | 46,596 | |
490/1 |
594 | 897 | 847 | 800 | 797 | 1,564 | 1,879 | 775 | 1,726 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
347,196 | 659,080 | 244,686 | 252,876 | 177,908 | 133,069 | 216,230 | 747,140 | 450,397 | |
10/15 |
78,300 | -50,048 | -17,044 | 18 | 80,475 | 130,897 | 150,528 | -35,205 | -5,326 | |
10/11 |
18,600 | 20,460 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
57,500 | 0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | - | - | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
133 |
57,500 | - | - | - | - | - | - | - | - | |
14 |
2,200 | -70,508 | -37,504 | -20,442 | 60,015 | 110,437 | 130,068 | -53,805 | -23,926 | |
17/49 |
268,896 | 709,127 | 261,730 | 252,858 | 97,433 | 2,172 | 65,702 | 782,345 | 455,723 | |
17 |
75,172 | 288,845 | 87,516 | 91,581 | 72,992 | - | 0 | 588,191 | 189,287 | |
170/4 |
70,789 | 285,148 | 84,411 | 91,081 | 72,992 | - | 0 | 588,191 | 189,287 | |
178/9 |
4,383 | 3,698 | 3,105 | 500 | - | - | - | - | - | |
42/48 |
193,724 | 420,282 | 174,214 | 161,276 | 24,441 | 2,172 | 65,702 | 194,131 | 266,413 | |
42 |
7,516 | 7,421 | 7,328 | 7,236 | 7,117 | 0 | 785 | 5,051 | 4,568 | |
43 |
- | 0 | 1,072 | - | - | - | - | - | - | |
430/8 |
- | 0 | 1,072 | - | - | - | - | - | - | |
44 |
55,589 | 112,973 | 308 | 2,506 | 7,836 | 156 | 2,897 | 9,477 | 99,472 | |
440/4 |
55,589 | 112,973 | 308 | 2,506 | 7,836 | 156 | 2,897 | 9,477 | 99,472 | |
46 |
22,218 | 7,189 | 547 | - | - | - | - | 0 | - | |
45 |
17,305 | 787 | 287 | 853 | 428 | 1,738 | 62,020 | 2,916 | 238 | |
450/3 |
17,305 | 787 | 287 | 853 | 428 | 1,738 | 62,020 | 2,916 | 238 | |
47/48 |
91,096 | 291,913 | 164,673 | 150,681 | 9,060 | 278 | 0 | 176,687 | 162,135 | |
492/3 |
- | - | - | - | - | - | 0 | 23 | 23 | |
| Income statement | ||||||||||
70 |
- | - | - | 0 | - | - | - | - | - | |
9900 |
173,483 | -18,918 | 1,653 | -53,427 | -27,534 | -12,620 | 247,590 | -16,429 | -13,914 | |
60/61 |
- | - | - | 0 | - | - | - | - | - | |
630 |
10,874 | 10,887 | 16,684 | 15,843 | 10,173 | 6,128 | 5,983 | 5,156 | 7,304 | |
640/8 |
419 | 461 | 348 | 665 | 11,715 | 1,289 | 5,821 | 248 | 1,883 | |
66A |
- | - | - | 8,729 | - | - | - | - | - | |
9901 |
162,191 | -30,266 | -15,379 | -78,664 | -49,422 | -20,038 | 235,787 | -21,832 | -23,101 | |
75/76B |
27 | 10 | 0 | - | 5 | 824 | 48 | 23 | 0 | |
75 |
27 | 10 | 0 | - | 5 | 824 | 48 | 23 | 0 | |
65/66B |
27,812 | 2,589 | 1,482 | 1,530 | 745 | 4 | 4,350 | 8,065 | 765 | |
65 |
27,812 | 2,589 | 1,482 | 1,530 | 745 | 4 | 4,350 | 8,065 | 765 | |
9903 |
134,405 | -32,845 | -16,860 | -80,194 | -50,161 | -19,218 | 231,485 | -29,875 | -23,866 | |
67/77 |
6,057 | 159 | 202 | 262 | 261 | 413 | 45,753 | 4 | 60 | |
9904 |
128,348 | -33,003 | -17,062 | -80,457 | -50,422 | -19,631 | 185,732 | -29,879 | -23,926 | |
9905 |
128,348 | -33,003 | -17,062 | -80,457 | -50,422 | -19,631 | 185,732 | -29,879 | -23,926 | |
| Appropriation of the result | ||||||||||
9906 |
57,840 | -70,508 | -37,504 | -20,442 | 60,015 | 110,437 | 131,928 | -53,805 | -23,926 | |
14P |
-70,508 | -37,504 | -20,442 | 60,015 | - | - | - | - | - | |
791/2 |
1,860 | - | - | - | - | - | - | - | - | |
691/2 |
57,500 | - | - | - | - | - | 1,860 | - | - | |
6920 |
- | - | - | - | - | - | 1,860 | - | - | |
6921 |
57,500 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00017779 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00015512 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00012196 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00011633 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-02800594 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02400598 | |
| 30-06-2019 | full format | 30-01-2020 | 2020-03000571 | |
| 30-06-2018 | full format | 31-01-2019 | 2019-03700502 | |
| 30-06-2017 | full format | 30-01-2018 | 2018-03900170 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 173,065 | -19,379 | 1,306 | -62,821 | -39,248 | -13,909 | 241,770 | -16,676 | -15,797 | ||
| 139,222 | -22,116 | -378 | -64,614 | -40,249 | -13,503 | 191,715 | -24,723 | -16,622 | ||
| 772 | 371 | 255 | 16,969 | 133,076 | 536 | 40,049 | 8,100 | 15,614 | ||
| 23,284 | 133,898 | -18,539 | 16,490 | -72,148 | -70,643 | 89,705 | 11,010 | - | ||
| 48,328 | 123,551 | -55,291 | -50,593 | 5,609 | 102,234 | 116,273 | 541,755 | 175,674 | ||
| 22.6% | -7.6% | -7.0% | 0.0% | 45.2% | 98.4% | 69.6% | -4.7% | -1.2% | ||
| 1.25 | 1.29 | 0.68 | 0.69 | 1.23 | 48.07 | 2.77 | 3.79 | 1.66 | ||
| 1.05 | 0.40 | 0.08 | 0.15 | 0.87 | 44.78 | 2.77 | 0.31 | 0.19 | ||
| 3.43 | - | - | - | 1.21 | 0.02 | 0.44 | - | - | ||
| 163.9% | - | - | - | -62.7% | -15.0% | 123.4% | - | - | ||
| 37.0% | -5.0% | -7.0% | -31.8% | -28.3% | -14.8% | 85.9% | -4.0% | -5.3% | ||
| 6.22 | -7.48 | 0.88 | -41.05 | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €772 | €371 | €255 | €16,969 |
| €10,874 | €10,887 | €16,684 | €15,843 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €162,191, after a loss of €30,266 in 2024. It is the highest result since 2019.
Debt's share of the balance-sheet total is 77.4%.
Tr@ce has no parent and no holdings in its annual accounts. CROMMELINCK David is the only director.
| New Life Invest via CROMMELINCK David, no longer at New Life Invest · Director (not named in the articles) · deed of 10-09-2020 founded in 2020 |
total assets €689,930 (2025) |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| TRACE SPRL registered office Rue de Deminche, Franière 47, 5150 Floreffe 68110 Buying and selling of own real estate | 24-02-2016 | 2.254.819.438 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92050A0178/00H032 | 1,168 m² | 1 · 60 m² | 10.5 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0649.399.855
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