TR Services
ActiveSummary
The computed 12-month bankruptcy probability of TR Services is 2.2% (moderate). The 2024 annual accounts show equity of €47,643 and a net result of €24,089. Equity is growing by ~61.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 2438 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+16
Solvency71▲+18
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.72 against 1.75 in 2023; short-term debt: 29.9% and cash: 77.4% of total assets), but 53.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.3%
Return on assets
23.4%
Age of the figures
21 mo
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 05-06-2025, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
56 d early
2022
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€47,643▲ 89.4%
2023 · €25,154
Total assets
€102,943▲ 15.1%
2023 · €89,471
Net result
€24,089▲ 156%
2023 · €9,402
Working capital
€52,962▲ 164%
2023 · €20,068
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
Line202220232024
Operating result€17,129-€14,870▼ 13.2%€32,590▲ 119%
Net result€13,553-€9,402▼ 30.6%€24,089▲ 156%
Equity€16,553-€25,154▲ 52.0%€47,643▲ 89.4%
Total assets€104,813-€89,471▼ 14.6%€102,943▲ 15.1%
Debt€88,260-€64,316▼ 27.1%€55,300▼ 14.0%
Working capital€8,743-€20,068▲ 130%€52,962▲ 164%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 119% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €102,943
Fixed assets
€19,163 ▼ 54.9%
Current assets
€83,780 ▲ 78.4%
Equity and liabilities €102,943
Equity
€47,643 ▲ 89.4%
Debt
€55,300 ▼ 14.0%
Debt's share of the balance-sheet total falls from 71.9% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,947▲
2023 · €38,226
Cash flow
€47,445▲
2023 · €32,758
Current ratio
2.72▲
2023 · 1.75
Debt to equity
1.16▼
2023 · 2.56
ROE
50.6%▲
2023 · 37.4%
ROA
23.4%▲
2023 · 10.5%
Interest coverage
43.51▲
2023 · 18.57
Debt ≤ 1 year
€30,819▲
2023 · €26,884
Debt > 1 year
€24,481▼
2023 · €37,320
Income taxes
€7,215▲
2023 · €3,414
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,622 | €23,356 | €23,356 | = |
| Other operating charges640/8 | €348 | €546 | €1,013 | ▲ 85.3% |
| Gross operating margin9900 | €23,098 | €38,773 | €56,959 | ▲ 46.9% |
| Operating profit (loss)9901 | €17,129 | €14,870 | €32,590 | ▲ 119% |
| Financial income75/76B | - | €4 | €0 | ▼ 100% |
| Recurring financial income75 | - | €4 | €0 | ▼ 100% |
| Financial charges65/66B | €56 | €2,058 | €1,286 | ▼ 37.5% |
| Recurring financial charges65 | €56 | €2,058 | €1,286 | ▼ 37.5% |
| Profit (loss) for the period before taxes9903 | €17,072 | €12,816 | €31,304 | ▲ 144% |
| Income taxes67/77 | €3,520 | €3,414 | €7,215 | ▲ 111% |
| Profit (loss) for the period9904 | €13,553 | €9,402 | €24,089 | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | €13,553 | €9,402 | €24,089 | ▲ 156% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €104,813 | €89,471 | €102,943 | ▲ 15.1% |
| Fixed assets21/28 | €65,875 | €42,519 | €19,163 | ▼ 54.9% |
| Tangible fixed assets22/27 | €65,875 | €42,519 | €19,163 | ▼ 54.9% |
| Plant, machinery and equipment23 | €2,000 | €1,796 | €1,592 | ▼ 11.4% |
| Furniture and vehicles24 | €63,875 | €40,723 | €17,570 | ▼ 56.9% |
| Current assets29/58 | €38,938 | €46,952 | €83,780 | ▲ 78.4% |
| Amounts receivable within one year40/41 | €15,655 | €9,953 | €669 | ▼ 93.3% |
| Trade receivables40 | €11,163 | €9,953 | €669 | ▼ 93.3% |
| Other amounts receivable41 | €4,492 | - | - | - |
| Cash at bank and in hand54/58 | €23,283 | €33,756 | €79,684 | ▲ 136% |
| Deferred charges and accrued income490/1 | - | €3,242 | €3,427 | ▲ 5.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €104,813 | €89,471 | €102,943 | ▲ 15.1% |
| Equity10/15 | €16,553 | €25,154 | €47,643 | ▲ 89.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | €22,154 | €44,643 | ▲ 102% |
| Distributable reserves133 | - | €22,154 | €44,643 | ▲ 102% |
| Profit (loss) carried forward14 | €13,553 | - | €0 | - |
| Amounts payable17/49 | €88,260 | €64,316 | €55,300 | ▼ 14.0% |
| Amounts payable after more than one year17 | €57,953 | €37,320 | €24,481 | ▼ 34.4% |
| Financial debts170/4 | €57,953 | €37,320 | €24,481 | ▼ 34.4% |
| Amounts payable within one year42/48 | €30,195 | €26,884 | €30,819 | ▲ 14.6% |
| Current portion of amounts payable after more than one year42 | €13,711 | €12,489 | €12,839 | ▲ 2.8% |
| Trade debts44 | €1,424 | €4,796 | €1,556 | ▼ 67.6% |
| Suppliers440/4 | €1,424 | €4,796 | €1,556 | ▼ 67.6% |
| Taxes, remuneration and social security45 | €9,498 | €8,981 | €15,949 | ▲ 77.6% |
| Taxes450/3 | €8,986 | €8,981 | €15,949 | ▲ 77.6% |
| Remuneration and social security454/9 | €512 | - | - | - |
| Other amounts payable47/48 | €5,562 | €618 | €475 | ▼ 23.2% |
| Accrued charges and deferred income492/3 | €112 | €112 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,553 | €9,402 | €24,089 | ▲ 156% |
| + Depreciation and write-downs630 | €5,622 | €23,356 | €23,356 | = |
| Operating cash flow (approximation) | €19,175 | €32,758 | €47,445 | ▲ 44.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €10,474 | €45,928 | ▲ 339% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €24,089 ▲156%
Operating result €32,590, net result €24,089, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €9,402 ▼30.6%
Net result drops to €9,402, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schoten · 1 establishment unit since 2022
Ground area
339 m²
Building footprint
86 m²
Volume, LiDAR
582 m³
Parcel 11443C0547/00P000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TR Services
since 20222.335.060.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443C0547/00P000 | Flanders | 339 m² | 1 · 86 m² | 10.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 93 EUR awarded · 93 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 93 EUR | 93 EUR |
Similar companies · same sector, comparable size
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PLUSTECH
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,415 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
Founded24-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
33130Repair, maintenance and installation of machinery and equipment
46431Wholesale of electrical household appliances and audio-video equipment
Scores and ratios are computed by Checked and are not a credit decision.