TR USINAGE
ActiveThe computed 12-month bankruptcy probability of TR USINAGE is 1.8% (moderate). The 2025 annual accounts show equity of €98k and a net result of €19k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 1887 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+97
Solvency28▲+15
Growth68=
Stability94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.49 in 2024), and 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.4%
Return on assets
4.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
57 d late
2023
30 d late
2022
34 d early
2021
103 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€219k▲ 80.0%
2021 · €121k
2021: €121k
2021 → 2022
EBIT margin
22.9%▼ 22.1pp
2021 · 45.1%
2021: 45.1%
2021 → 2022
Net result
€19k
2024 · €-9k
2021: €43k
2022: €37k
2023: €-21k
2024: €-9k
2021 → 2025
Working capital
€-60k▲ 24.2%
2024 · €-79k
2021: €11k
2022: €19k
2023: €-48k
2024: €-79k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€121k-€219k▲ 80.0%
Equity€48k-€85k▲ 78.2%€65k▼ 24.3%€56k▼ 13.5%€98k▲ 75.1%
Operating result€55k-€50k▼ 8.4%€-16k€-3k▲ 81.9%€25k
Net result€43k-€37k▼ 12.7%€-21k€-9k▲ 57.7%€19k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401k
Fixed assets
€291k▲ 40.9%
Current assets
€109k▲ 45.4%
Equity and liabilities €401k
Equity
€98k▲ 75.1%
Debt
€303k▲ 33.9%
The debt ratio falls from 80.2% to 75.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€79k▲
2024 · €39k
Cash flow
€73k▲
2024 · €33k
Solvency
24.4%▲
2024 · 19.8%
Current ratio
0.65▲
2024 · 0.49
Quick ratio
0.51▲
2024 · 0.49
Debt / equity
3.09▼
2024 · 4.04
ROE
19.4%▲
2024 · -15.6%
ROA
4.7%▲
2024 · -3.1%
Interest coverage
12.49▲
2024 · 6.59
Debt
€303k▲
2024 · €226k
Debt ≤ 1 year
€169k▲
2024 · €154k
Debt > 1 year
€134k▲
2024 · €72k
Staff costs
€72k▲
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€282k€401k▲
Fixed assets21/28€207k€291k▲
Tangible fixed assets22/27€207k€291k▲
Plant, machinery and equipment23€33k€45k▲
Furniture and vehicles24€18k€10k▼
Leasing and similar rights25€156k€236k▲
Financial fixed assets28€180€180=
Current assets29/58€75k€109k▲
Stocks and contracts in progress3-€22k
Stocks30/36-€22k
Amounts receivable within one year40/41€48k€55k▲
Trade receivables40€48k€55k▲
Cash at bank and in hand54/58€28k€30k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€282k€401k▲
Equity10/15€56k€98k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€51k€70k▲
Investment grants15-€23k
Amounts payable17/49€226k€303k▲
Amounts payable after more than one year17€72k€134k▲
Financial debts170/4€72k€134k▲
Amounts payable within one year42/48€154k€169k▲
Current portion of amounts payable after more than one year42€36k€51k▲
Trade debts44€59k€68k▲
Suppliers440/4€59k€68k▲
Taxes, remuneration and social security45€22k€26k▲
Taxes450/3€22k€26k▲
Other amounts payable47/48€36k€24k▼
Income statement
Code20242025
Remuneration, social security and pensions62€64k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€54k▲
Other operating charges640/8€951€260▼
Gross operating margin9900€104k€152k▲
Operating profit (loss)9901€-3k€25k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-9k€19k▲
Profit (loss) for the period9904€-9k€19k▲
Profit (loss) for the period to be appropriated9905€-9k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€70k▲
Profit (loss) brought forward from the previous period14P€60k€51k▼
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-21k ▼155%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Morlanwelz · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Houssu(CAR) 747141 MorlanwelzGround area
6,206 m²
Building footprint
2,030 m²
Volume, LiDAR
12,210 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TR USINAGE
since 20212.318.157.171
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0144/00E002 | Wallonia | 4,232 m² | 1 · 1,935 m² | 7.3 m · 2 fl. |
| 56015A0563/00W002 | Wallonia | 1,974 m² | 1 · 94 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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KUMS VITAL
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POINT MC
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Of 3,447 companies in sector 25530 we hold annual accounts for 1,644. 1,238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-06-2021
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28110Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:tr.usinage@gmail.com
Phone:+32470624897