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Tr@ce

Active Private limited companyfounded 2016active for 10 yearsRue de Deminche, Franière 47, 5150 FloreffeKBO/BCE: BE 0649.399.855

Overview

Lifetime

9 annual accounts with figures on one time axis
peak €247,590 (2019)
€173,483▲ €192,401
lowest -€80,457 (2022)
€128,348▲ €161,351
peak €150,528 (2019)
€78,300▲ €128,348
€268,896▼ 62.1%
Board2 names since 2022
Documentsfilings and deeds
29-01-20262 days before the deadline
2025micro format
Gross margin from -€18,918 to €173,483Back to profit: €128,348Equity from -€50,048 to €78,300Debts from €709,127 to €268,896

Key points

from the 2025 annual accounts

Equity

€78,300 from €150,528 in 2019

Equity fell by 48% in 6 years.

Result

€128,348 €128,348
-€33,0002024€128,0002025

Back in profit in 2025, after a loss of €33,003 in 2024.

Debts

€268,896 77% of the balance sheet
Financial debts 26%Suppliers 21%Taxes and wages 6%Other 47%

Of this, €193,724 falls due within a year.

Filings

9 annual accounts since 2017
deadline20202025

The last five annual accounts were filed 0 to 2 days before the end of the period.

Board

1 left

A director left. Latest change 18-12-2025 · 1 in office.

Position in the sector

€128,348

Higher net result than 93% of companies in real estate. Sector median €5,995 · 17,190 companies.

Checked score

97
Excellent
Financially stronger than 79% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 0.7% 01-2025: 0.8%▲ +0.1 percentage points vs 12-2024highest value 02-2025: 0.3%▼ -0.5 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.4%▲ +0.1 percentage points vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.1%▼ -0.3 percentage points vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

48+31equity 22.6% of total assets
71+29short-term debt 55.8% · cash 46.0%
100+88return on assets 37.0%

Score breakdown

lowers risk
Liquidity: current ratio 1.25, cash €159,653
Sector: Real estate activities (NACE 68)
Size: total assets €347,196
Figures for financial year 2025 (filed on 29-01-2026)
Calculation

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).

Comparable companies, two years later

In July 2024, 5,053 companies had the same profile as Tr@ce has now. Each dot stands for 13 companies, two years later.

95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

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.

Test of the method

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.

The companies in ten equal groups, from the lowest to the 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% 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.

Credit verdict

Credit of up to €7,000 on 30-day terms is acceptable

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.

Credit check for an amount and term of your choice

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.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 1.25, cash €159,653
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Size: total assets €347,196
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 29-01-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
2 days early
2024
1 day early
2023
1 day early
2022
on the day
2021
on the day
2020
3 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CD
Director, since 06-03-2024
  • Crommelinck Daviddeed of 06-01-2026
Board & ownership

Recent changes

Resignation: Harschène Angélique (director) Transfer of shares from Harschène Angélique to Crommelinck David · General meeting of 18-12-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0649399855
Appointments: CROMMELINCK David (director) and HARSCHENE Angélique Renée Françoise Patricia Ghislaine (director) Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Incorporation published on 07-03-2016 · Gazette deed
All 20 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 24-02-2016Normal situation
Activity
Development of residential building projectsNACE 68121and 1 other
Establishment unit
2.254.819.4385150 Floreffe, since 24-02-2016
Financial year end
30 June
Peppol
Reachable since 12-11-2025
Company details

Annual accounts to 30-06-2025

€173,483
≈ €310,000estimated
€128,348
€78,300
€347,196▼ 47.3%
Filing
Filed on 29-01-2026, 2 days before the end of the filing period
Financials

Insights on Tr@ce

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.

Financials

Annual accounts 2025

micro format, filed on 29-01-2026, 2 days before the deadline
€173,483
▲ €192,401
€162,191
▲ €192,457
€173,065
▲ €192,443
€139,222
▲ €161,338
22.6%
▲ 30.1 percentage points
1.25
▼ 0.04

Balance sheet

balance sheet total €347,196 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

22.6%

Higher than 45% of 17,199 companies in 2025.

1.25

Higher than 53% of 16,496 companies in 2025.

37.0%

Higher than 93% of 16,875 companies in 2025.

Tr@ce Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 347,196659,080244,686252,876177,908133,069216,230747,140450,397
21/28 105,145115,247125,763142,192147,85828,66334,25511,2558,310
22/27 105,145115,247125,763142,192141,06618,16323,7553,1558,310
22 104,196114,778125,359135,940128,566----
23 -0150342680433115188261
24 9484692545,91011,82017,72923,6392,9678,049
28 --006,79210,50010,5008,100-
29/58 242,052543,833118,923110,68430,050104,406181,975735,886442,086
3 37,769374,815104,50485,7848,7297,1520674,854392,339
30/36 37,769374,815104,50485,7848,7297,1520674,854392,339
40/41 44,03631,75311,1013,09116,00519,02432,7862,6521,425
40 19,80028,01710,0552,3217,1008,8392343568
41 24,2363,7361,0477708,90510,18432,7622,2171,357
54/58 159,653136,3682,47021,0094,51876,667147,31057,60546,596
490/1 5948978478007971,5641,8797751,726
Balance sheet: equity and liabilities
10/49 347,196659,080244,686252,876177,908133,069216,230747,140450,397
10/15 78,300-50,048-17,0441880,475130,897150,528-35,205-5,326
10/11 18,60020,46018,60018,60018,60018,60018,60018,60018,600
100 -----18,60018,60018,60018,600
13 57,50001,8601,8601,8601,8601,860--
130/1 -01,8601,8601,860----
130 -----1,8601,860--
1311 -01,8601,8601,860----
133 57,500--------
14 2,200-70,508-37,504-20,44260,015110,437130,068-53,805-23,926
17/49 268,896709,127261,730252,85897,4332,17265,702782,345455,723
17 75,172288,84587,51691,58172,992-0588,191189,287
170/4 70,789285,14884,41191,08172,992-0588,191189,287
178/9 4,3833,6983,105500-----
42/48 193,724420,282174,214161,27624,4412,17265,702194,131266,413
42 7,5167,4217,3287,2367,11707855,0514,568
43 -01,072------
430/8 -01,072------
44 55,589112,9733082,5067,8361562,8979,47799,472
440/4 55,589112,9733082,5067,8361562,8979,47799,472
46 22,2187,189547----0-
45 17,3057872878534281,73862,0202,916238
450/3 17,3057872878534281,73862,0202,916238
47/48 91,096291,913164,673150,6819,0602780176,687162,135
492/3 ------02323
Income statement
70 ---0-----
9900 173,483-18,9181,653-53,427-27,534-12,620247,590-16,429-13,914
60/61 ---0-----
630 10,87410,88716,68415,84310,1736,1285,9835,1567,304
640/8 41946134866511,7151,2895,8212481,883
66A ---8,729-----
9901 162,191-30,266-15,379-78,664-49,422-20,038235,787-21,832-23,101
75/76B 27100-582448230
75 27100-582448230
65/66B 27,8122,5891,4821,53074544,3508,065765
65 27,8122,5891,4821,53074544,3508,065765
9903 134,405-32,845-16,860-80,194-50,161-19,218231,485-29,875-23,866
67/77 6,05715920226226141345,753460
9904 128,348-33,003-17,062-80,457-50,422-19,631185,732-29,879-23,926
9905 128,348-33,003-17,062-80,457-50,422-19,631185,732-29,879-23,926
Appropriation of the result
9906 57,840-70,508-37,504-20,44260,015110,437131,928-53,805-23,926
14P -70,508-37,504-20,44260,015-----
791/2 1,860--------
691/2 57,500-----1,860--
6920 ------1,860--
6921 57,500--------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 29-01-2026 2026-00017779 PDF
30-06-2024 micro format 30-01-2025 2025-00015512 PDF
30-06-2023 micro format 30-01-2024 2024-00012196 PDF
30-06-2022 micro format 31-01-2023 2023-00011633 PDF
30-06-2021 micro format 31-01-2022 2022-02800594 PDF
30-06-2020 micro format 28-01-2021 2021-02400598 PDF
30-06-2019 full format 30-01-2020 2020-03000571 PDF
30-06-2018 full format 31-01-2019 2019-03700502 PDF
30-06-2017 full format 30-01-2018 2018-03900170 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
173,065-19,3791,306-62,821-39,248-13,909241,770-16,676-15,797
139,222-22,116-378-64,614-40,249-13,503191,715-24,723-16,622
77237125516,969133,07653640,0498,10015,614
23,284133,898-18,53916,490-72,148-70,64389,70511,010-
48,328123,551-55,291-50,5935,609102,234116,273541,755175,674
22.6%-7.6%-7.0%0.0%45.2%98.4%69.6%-4.7%-1.2%
1.251.290.680.691.2348.072.773.791.66
1.050.400.080.150.8744.782.770.310.19
3.43---1.210.020.44--
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%
6.22-7.480.88-41.05-----

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.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
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)

Insights on Tr@ce

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%.

Board & ownership

Board

1 director, last change in 2025
Director (not named in the articles)
since 06-03-2024 term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 29-01-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
CROMMELINCK David
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • CROMMELINCK David
    • Director (not named in the articles), since before 30-06-2022
  • HARSCHENE Angélique Renée Françoise Patricia Ghislaine
    • Director (not named in the articles), from before 30-06-2022 to 18-12-2025

See the board, name and registered office on a given date →

Control

Shares transferred to
This company
Tr@ce
Equity €78,300
Profit €128,348 in 2025

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 11-03-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitie cedant moitie acquereurs, president tribunal entreprise refere partie diligente”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of December at 18:00

Shareholders

Share transfer deed of 06-01-2026 ↗

Network & group

No group

Tr@ce has no parent and no holdings in its annual accounts. CROMMELINCK David is the only director.

Earlier ties

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)

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ESPACES CONCEPT DC , ARCHITECTES ASSOCIES
via CROMMELINCK David · Director (not named in the articles) · deed of 21-03-2024
Founded in 2014 · total assets €223,759 (2025)
→

Timeline

Timeline

20 events since 2016

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 2 days before the deadline
Resignation: Harschène Angélique (director)Transfer of shares from Harschène Angélique to Crommelinck David · General meeting of 18-12-20253 points ▸
  • General meeting, 18-12-2025
  • Director resignation, Harschène Angélique
  • Share transfer, Harschène Angélique → Crommelinck David

Open the deed in the Belgian Official Gazette

2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0649399855
Back to profit net €128,348 The net result is €128,348, after 5 loss-making years.
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Appointments: CROMMELINCK David (director) and HARSCHENE Angélique Renée Françoise Patricia Ghislaine (director)Legal-form conversion: from private limited company (pre-2019) to private limited company4 points ▸
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Director appointment, CROMMELINCK David (director (not named in the articles))
  • Director appointment, HARSCHENE Angélique Renée Françoise Patricia Ghislaine (director (not named in the articles))
  • Registered office clause, rue de Deminche 47, 5150 Floreffe (Franière)
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2023
Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
Weakest financial year net -€80,457 The net result drops to -€80,457, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · on the deadline day
2021
Annual accounts 2020 filed PDFmicro format · 3 days before the deadline
2020
Liquidity more than 17 times current ratio 48.07 The current ratio rises from 2.77 to 48.07. Short-term debt falls from €65,702 to €2,172.
Annual accounts 2019 filed PDFfull format · 1 day before the deadline
2019
Back to profit net €185,732 The net result is €185,732, after 2 loss-making years.
Equity above €150,000 equity €150,528 Equity rises from -€35,205 to €150,528.
Annual accounts 2018 filed PDFfull format · on the deadline day
2018
Liquidity more than doubled current ratio 3.79 The current ratio rises from 1.66 to 3.79. Short-term debt falls from €266,413 to €194,131.
Annual accounts 2017 filed PDFfull format · 1 day before the deadline
2016
Incorporation PDFpublished on 07-03-2016
First establishment TRACE SPRL, Rue de Deminche, Franière 47, Floreffe

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 24 February 2016, Tr@ce was incorporated.1 Total assets went from €216,230 in 2019 to €347,196 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0649.399.855
VAT number
BE 0649.399.855
Peppol ID
0208:0649399855
Legal form
Private limited company
Status
Active, normal situation
Founded
24-02-2016
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of December at 18:00
deed of 11-03-2024 (in French)
Peppol
Reachable since 12-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Tr@ce in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-03-2024 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 11-03-2024 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
41101 Real estate development main activity
41201 General construction of buildings
PurposeThe purpose describes the activities the company may carry out under its articles.
“Immeubles; Gestion de patrimoine; Produits et matières pour l'immobilier; Opérations générales liées à l'objet; Participations; Fonctions…”
6 activities
  1. Immeubles
  2. Gestion de patrimoine
  3. Produits et matières pour l'immobilier
  4. Opérations générales liées à l'objet
  5. Participations
  6. Fonctions dans autres entreprises
deed of 11-03-2024 (in French)

Registered office and establishments

1 establishment
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

Buildings and parcels at the address

Ground area
1,168 m²
Buildings
60 m²
Volume, LiDAR
544 m³
Tallest building
10.5 m
Buildings to scale, each on its own parcel
60 m², 10.5 m 60 m², 10.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
92050A0178/00H0321,168 m² 1 · 60 m² 10.5 m · 3

Contact

E-mail ecdc@skynet.be establishment in Floreffe
Phone +32 495 41 81 99 establishment in Floreffe

Invoicing and payment

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