Summary
TR MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €65,635 and a net result of €10,909. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 3320 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-05-2025, 83 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
83 d early
2023
61 d early
2022
31 d early
2021
79 d early
2020
81 d early
2019
84 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€65,635▲ 19.9%
2023 · €54,726
Net result
€10,909▼ 53.1%
2023 · €23,274
Total assets
€72,782▲ 14.2%
2023 · €63,716
Solvency
90.2%▲ 4.3pp
2023 · 85.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
Line20202021202220232024
Operating result€7,814-€1,395-€11,527▼ 726%€32,775€17,234▼ 47.4%
Net result€4,207within the sector's middle half-€1,828below the sector's middle half-€11,962below the sector's middle half▼ 554%€23,274within the sector's middle half€10,909within the sector's middle half▼ 53.1%
Equity€45,241within the sector's middle half▲ 10.3%€43,413within the sector's middle half▼ 4.0%€31,451below the sector's middle half▼ 27.6%€54,726within the sector's middle half▲ 74.0%€65,635within the sector's middle half▲ 19.9%
Total assets€52,038below the sector's middle half▲ 17.9%€48,624below the sector's middle half▼ 6.6%€35,230below the sector's middle half▼ 27.5%€63,716below the sector's middle half▲ 80.9%€72,782below the sector's middle half▲ 14.2%
Debt€6,797▲ 119%€5,211▼ 23.3%€3,779▼ 27.5%€8,991▲ 138%€7,147▼ 20.5%
Working capital€12,833▼ 67.4%€21,998▲ 71.4%€18,497▼ 15.9%€13,023▼ 29.6%€29,797▲ 129%
Solvency86.9%above the sector's middle half▼ 6.0pp89.3%above the sector's middle half▲ 2.3pp89.3%above the sector's middle half=85.9%above the sector's middle half▼ 3.4pp90.2%above the sector's middle half▲ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72,782
Fixed assets
€35,838 ▼ 14.1%
Current assets
€36,944 ▲ 67.8%
Equity and liabilities €72,782
Equity
€65,635 ▲ 19.9%
Debt
€7,147 ▼ 20.5%
Debt's share of the balance-sheet total falls from 14.1% to 9.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.6%▼
2023 · 42.5%
ROA
15.0%▼
2023 · 36.5%
Debt ≤ 1 year
€7,147▼
2023 · €8,991
Income taxes
€6,208▼
2023 · €9,393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,668 | €11,192 | €10,749 | €3,586 | €14,573 | ▲ 306% |
| Other operating charges640/8 | - | €348 | €348 | €534 | €387 | ▼ 27.5% |
| Gross operating margin9900 | €9,830 | €10,145 | -€430 | €36,896 | €32,194 | ▼ 12.7% |
| Operating profit (loss)9901 | €7,814 | -€1,395 | -€11,527 | €32,775 | €17,234 | ▼ 47.4% |
| Financial income75/76B | - | €0 | €1 | - | - | - |
| Recurring financial income75 | €0 | €0 | €1 | - | - | - |
| Financial charges65/66B | - | €120 | €120 | €108 | €117 | ▲ 8.2% |
| Recurring financial charges65 | €178 | €120 | €120 | €108 | €117 | ▲ 8.2% |
| Profit (loss) for the period before taxes9903 | €7,636 | -€1,515 | -€11,647 | €32,667 | €17,117 | ▼ 47.6% |
| Income taxes67/77 | €3,429 | €313 | €315 | €9,393 | €6,208 | ▼ 33.9% |
| Profit (loss) for the period9904 | €4,207 | -€1,828 | -€11,962 | €23,274 | €10,909 | ▼ 53.1% |
| Profit (loss) for the period to be appropriated9905 | €4,207 | -€1,828 | -€11,962 | €23,274 | €10,909 | ▼ 53.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,038 | €48,624 | €35,230 | €63,716 | €72,782 | ▲ 14.2% |
| Fixed assets21/28 | €32,607 | €21,415 | €12,955 | €41,703 | €35,838 | ▼ 14.1% |
| Tangible fixed assets22/27 | €32,607 | €21,415 | €12,955 | €41,703 | €35,838 | ▼ 14.1% |
| Plant, machinery and equipment23 | - | - | €1,729 | €1,374 | €3,773 | ▲ 175% |
| Furniture and vehicles24 | - | €21,415 | €11,226 | €40,329 | €32,065 | ▼ 20.5% |
| Current assets29/58 | €19,430 | €27,209 | €22,275 | €22,014 | €36,944 | ▲ 67.8% |
| Amounts receivable within one year40/41 | €2,404 | €1,839 | €235 | - | €1,700 | - |
| Other amounts receivable41 | - | €1,839 | €235 | - | €1,700 | - |
| Cash at bank and in hand54/58 | €16,052 | €24,820 | €21,502 | €19,015 | €34,188 | ▲ 79.8% |
| Deferred charges and accrued income490/1 | - | €549 | €538 | €2,999 | €1,056 | ▼ 64.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,038 | €48,624 | €35,230 | €63,716 | €72,782 | ▲ 14.2% |
| Equity10/15 | €45,241 | €43,413 | €31,451 | €54,726 | €65,635 | ▲ 19.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €8,060 | €8,060 | = |
| Reserves13 | €27,430 | €27,430 | €27,430 | €46,665 | €57,574 | ▲ 23.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €25,570 | €25,570 | €46,665 | €57,574 | ▲ 23.4% |
| Profit (loss) carried forward14 | €11,611 | €9,783 | -€2,179 | €1 | €1 | ▲ 5.9% |
| Amounts payable17/49 | €6,797 | €5,211 | €3,779 | €8,991 | €7,147 | ▼ 20.5% |
| Amounts payable within one year42/48 | €6,597 | €5,211 | €3,779 | €8,991 | €7,147 | ▼ 20.5% |
| Financial debts43 | - | - | - | €190 | - | - |
| Credit institutions430/8 | - | - | - | €190 | - | - |
| Trade debts44 | €1,132 | €543 | €1,304 | €3,808 | €503 | ▼ 86.8% |
| Suppliers440/4 | - | €543 | €1,304 | €3,808 | €503 | ▼ 86.8% |
| Taxes, remuneration and social security45 | - | €3,348 | €315 | €4,629 | €5,621 | ▲ 21.4% |
| Taxes450/3 | - | €3,348 | €315 | €4,629 | €5,621 | ▲ 21.4% |
| Other amounts payable47/48 | - | €1,320 | €2,160 | €364 | €1,023 | ▲ 181% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,207 | -€1,828 | -€11,962 | €23,274 | €10,909 | ▼ 53.1% |
| + Depreciation and write-downs630 | €1,668 | €11,192 | €10,749 | €3,586 | €14,573 | ▲ 306% |
| Operating cash flow (approximation) | €5,875 | €9,364 | -€1,212 | €26,860 | €25,482 | ▼ 5.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,289 | -€32,334 | -€8,708 | ▲ 73.1% |
| Change in cash | - | €8,768 | -€3,318 | -€2,488 | €15,173 | ▲ 710% |
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
2026
28-08
State Gazette act
General meeting · Director appointment
Permanent representative · Auditor reappointment
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.17
Current ratio from 2.45 to 5.17; short-term debt falls from €8,991 to €7,147.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €23,274
Net result €23,274 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€11,962
Net result drops to -€11,962, the lowest in the series; recovery starts the following year.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,207
Net result €4,207 after 2 loss-making years.
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 13.70
Current ratio from 4.86 to 13.70; short-term debt falls from €8,861 to €3,104.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 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, Watermaal-Bosvoorde · 1 establishment unit since 2009
Ground area
2.8 ha
Building footprint
546 m²
Volume, LiDAR
5,499 m³
Parcel 21652E0592/00E000, Brussels · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TR Management
since 20092.180.265.040
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0592/00E000 | Brussels | 2.8 ha | 1 · 546 m² | 16.8 m · 4 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
648846O1217RALX4KI92
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Of 1,507 companies in sector 66199 we hold annual accounts for 921. 585 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
Founded29-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
Phone
0477/68.88.51Watermaal-Bosvoorde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817437410
Registered
20-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.