Summary
TR2 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 €227,024 and a net result of €206,564. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 9866 sector peers (fiscal year 2024). The company has been active since 2016 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.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 03-07-2025, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
21 d early
2022
26 d early
2021
40 d early
2020
23 d early
2019
37 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 29 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€227,024▲ 61.2%
2023 · €140,843
Net result
€206,564▲ 318%
2023 · €49,454
Total assets
€542,813▲ 20.9%
2023 · €448,920
Solvency
41.8%▲ 10.4pp
2023 · 31.4%
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
Line20202021202220232024
Operating result€60,784▼ 21.6%€67,588▲ 11.2%€74,544▲ 10.3%€63,861▼ 14.3%€78,449▲ 22.8%
Net result€44,671▼ 21.9%€51,455▲ 15.2%€57,494▲ 11.7%€49,454▼ 14.0%€206,564▲ 318%
Equity€240,440▲ 29.8%€123,895▼ 48.5%€181,390▲ 46.4%€140,843▼ 22.4%€227,024▲ 61.2%
Total assets€703,257▼ 3.8%€570,754▼ 18.8%€538,929▼ 5.6%€448,920▼ 16.7%€542,813▲ 20.9%
Debt€462,817▼ 15.2%€446,859▼ 3.4%€357,540▼ 20.0%€308,077▼ 13.8%€315,790▲ 2.5%
Working capital€298,973▼ 2.1%€119,719▼ 60.0%€98,313▼ 17.9%€25,049▼ 74.5%€100,754▲ 302%
Solvency34.2%▲ 8.9pp21.7%▼ 12.5pp33.7%▲ 12.0pp31.4%▼ 2.3pp41.8%▲ 10.4pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +318% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 23% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €542,813
Fixed assets
€333,660 ▼ 3.1%
Current assets
€209,153 ▲ 100%
Equity and liabilities €542,813
Equity
€227,024 ▲ 61.2%
Debt
€315,790 ▲ 2.5%
Debt's share of the balance-sheet total falls from 68.6% to 58.2%. Equity and debt are higher.
Key figures and ratios
ROE
91.0%▲
2023 · 35.1%
ROA
38.1%▲
2023 · 11.0%
Debt ≤ 1 year
€108,400▲
2023 · €79,477
Debt > 1 year
€207,390▼
2023 · €228,600
Income taxes
€16,191▲
2023 · €13,233
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 | €1,322 | €1,173 | €3,410 | €3,536 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €2,523 | €1,148 | €1,232 | €3,374 | ▲ 174% |
| Non-recurring operating charges66A | - | €55 | €454 | €188 | €0 | ▼ 100% |
| Gross operating margin9900 | €64,431 | €71,339 | €79,556 | €68,817 | €81,823 | ▲ 18.9% |
| Operating profit (loss)9901 | €60,784 | €67,588 | €74,544 | €63,861 | €78,449 | ▲ 22.8% |
| Financial income75/76B | - | - | - | - | €147,000 | - |
| Recurring financial income75 | €0 | - | - | - | €147,000 | - |
| Financial charges65/66B | - | €3,051 | €1,687 | €1,174 | €2,694 | ▲ 129% |
| Recurring financial charges65 | €4,258 | €3,051 | €1,687 | €1,174 | €2,694 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €56,526 | €64,536 | €72,857 | €62,687 | €222,755 | ▲ 255% |
| Income taxes67/77 | €11,855 | €13,081 | €15,363 | €13,233 | €16,191 | ▲ 22.4% |
| Profit (loss) for the period9904 | €44,671 | €51,455 | €57,494 | €49,454 | €206,564 | ▲ 318% |
| Profit (loss) for the period to be appropriated9905 | €44,671 | €51,455 | €57,494 | €49,454 | €206,564 | ▲ 318% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €703,257 | €570,754 | €538,929 | €448,920 | €542,813 | ▲ 20.9% |
| Fixed assets21/28 | €334,833 | €333,660 | €347,930 | €344,394 | €333,660 | ▼ 3.1% |
| Tangible fixed assets22/27 | €1,173 | €0 | €14,270 | €10,734 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €0 | €14,270 | €10,734 | €0 | ▼ 100% |
| Financial fixed assets28 | €333,660 | €333,660 | €333,660 | €333,660 | €333,660 | = |
| Current assets29/58 | €368,424 | €237,094 | €191,000 | €104,526 | €209,153 | ▲ 100% |
| Amounts receivable within one year40/41 | €200,339 | €168,390 | €45,020 | €28,133 | €99,809 | ▲ 255% |
| Trade receivables40 | - | €78,771 | €28,133 | €28,133 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €89,619 | €16,888 | €0 | €99,809 | - |
| Cash at bank and in hand54/58 | €168,085 | €66,595 | €145,196 | €75,563 | €109,344 | ▲ 44.7% |
| Deferred charges and accrued income490/1 | - | €2,109 | €783 | €830 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €703,257 | €570,754 | €538,929 | €448,920 | €542,813 | ▲ 20.9% |
| Equity10/15 | €240,440 | €123,895 | €181,390 | €140,843 | €227,024 | ▲ 61.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €20,460 | €18,600 | ▼ 9.1% |
| Reserves13 | €221,840 | €105,295 | €162,790 | €120,383 | €208,424 | ▲ 73.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €103,435 | €160,930 | €120,383 | €208,424 | ▲ 73.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €462,817 | €446,859 | €357,540 | €308,077 | €315,790 | ▲ 2.5% |
| Amounts payable after more than one year17 | €393,366 | €329,484 | €264,853 | €228,600 | €207,390 | ▼ 9.3% |
| Financial debts170/4 | - | €329,484 | €264,853 | €228,600 | €207,390 | ▼ 9.3% |
| Amounts payable within one year42/48 | €69,451 | €117,375 | €92,687 | €79,477 | €108,400 | ▲ 36.4% |
| Current portion of amounts payable after more than one year42 | - | €48,282 | €49,031 | €20,653 | €0 | ▼ 100% |
| Financial debts43 | - | €2,535 | €2,535 | €2,597 | €2,599 | ▲ 0.1% |
| Credit institutions430/8 | - | €2,535 | €2,535 | €2,597 | €2,599 | ▲ 0.1% |
| Trade debts44 | €4,359 | €3,235 | €825 | €1,236 | €3,868 | ▲ 213% |
| Suppliers440/4 | - | €3,235 | €825 | €1,236 | €3,868 | ▲ 213% |
| Taxes, remuneration and social security45 | - | €13,066 | €23,093 | €15,924 | €32,493 | ▲ 104% |
| Taxes450/3 | - | €5,496 | €15,295 | €9,440 | €26,278 | ▲ 178% |
| Remuneration and social security454/9 | - | €7,570 | €7,798 | €6,484 | €6,214 | ▼ 4.2% |
| Other amounts payable47/48 | - | €50,257 | €17,203 | €39,067 | €69,439 | ▲ 77.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,671 | €51,455 | €57,494 | €49,454 | €206,564 | ▲ 318% |
| + Depreciation and write-downs630 | €1,322 | €1,173 | €3,410 | €3,536 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €45,992 | €52,628 | €60,904 | €52,990 | €206,564 | ▲ 290% |
| Investment in fixed assets (approximation) | - | €0 | -€17,680 | €0 | €10,734 | - |
| Change in cash | - | -€101,490 | €78,601 | -€69,633 | €33,781 | ▲ 149% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €206,564 ▲318%
Net result €206,564, the highest in the series.
31-12
Financial
Equity above €200,000Eq €227,024 ▲61.2%
7 profitable years in a row build equity to €227,024.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150,000Eq €181,390 ▲46.4%
5 profitable years in a row build equity to €181,390.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €44,671 ▼21.9%
Net result drops to €44,671, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €240,440 ▲29.8%
3 profitable years in a row build equity to €240,440.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150,000Eq €185,170 ▲44.7%
2 profitable years in a row build equity to €185,170.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Hamont-Achel · 1 establishment unit since 2016
Ground area
3,918 m²
Building footprint
1,233 m²
Volume, LiDAR
6,190 m³
Parcel 72012D0439/00S000, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TR2
since 20162.260.524.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012D0439/00S000 | Flanders | 3,918 m² | 1 · 1,233 m² | 6.0 m · 2 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
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the 2024 annual accounts of TR2 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
MYDEMA
BE 0845.513.267
Wellen · Eq €227,071
FINSTRATEGY
BE 0562.911.190
Puurs-Sint-Amands · Eq €226,899
Holding LVT
BE 0722.614.267
Essen · Eq €227,262
VICTORY
BE 0832.981.065
Genk · Eq €226,701
DEDRIELICIOUS
BE 0802.561.172
Veurne · Eq €227,351
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,565 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
Founded21-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666534708
Registered
12-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.