Equity
TRABA has made a profit in every financial year since 2008.
The dashed line is the sector median: 0.3% across 2,652 companies (NACE 43, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, small). It does better than 76% of them on solvency, 78% on liquidity, 47% on profitability and 74% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.
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).
In July 2024, 17,811 companies had the same profile as TRABA has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of TRABA itself: 0.2% within 12 months.
The method was tested on the 497,447 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.
| 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 17,811 companies, not a prediction for TRABA. 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.
Liquidity is ample, with a current ratio of 1.82 (1.23 in 2024), above the usual 1.5. Short-term debt is 42.5% and cash 26.6% of total assets. 42.5% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| TRABA Anhée | €3.4m | 5.7% | 57.5% | 13.8 |
| PINEUR CURAGE Hannut | €1.6m | 8.4% | 48.6% | 9.8 |
| TERRASSEMENTS BIAGIO MARIO La Louvière | €2.2m | 7.1% | 40.8% | 9.7 |
| DE JAEGHER KRISTOF Gistel | €1.9m | 5.6% | 26.6% | 7 |
| ENTREPRISES DE RO HUBERT Erquelinnes | €1.4m | 5.1% | 22.3% | 7 |
| TERRANOVA Liège | €3.9m | 4.6% | 55.2% | 6.8 |
| JONNIAUX ENTREPRISES Péruwelz | €2.0m | -2.2% | 56.4% | 8.3 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as TRABA: site preparation (NACE 43120). They are comparable in size and age: total assets between €884,000 and €2.4m, founded between 1993 and 2009.
TRABA has existed since 2007. The present size dates from 2009. The gross margin rose that year from €64,223 to €291,064 and staff from 0.7 to 2.7 full-time equivalents.
Solvency rose in 2025 from 39.7% to 57.5% because of the retained profit and lower debts.
Etablissements Maurice Wanty holds all the shares. In December 2024, the Official Gazette published the appointment of SOENEN Benoit Johan Frans as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 69% of 2,454 companies in 2025.
Higher than 56% of 2,427 companies in 2025.
Higher than 68% of 2,445 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
Training hours in 2025: 168.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
Total assets20/58 |
1.4m | 1.7m | 1.4m | 1.6m | 1.5m | 1.2m | 985,342 | 1.2m | 1.1m | 885,844 | 683,515 | 653,759 | 616,093 | 715,425 | 717,998 | 596,523 | 481,184 | 294,914 | |
Formation expenses20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 417 | 1,241 | 2,066 | 2,890 | 3,714 | |
Fixed assets21/28 |
318,026 | 445,223 | 498,262 | 571,710 | 634,833 | 470,198 | 318,758 | 428,284 | 395,829 | 267,602 | 287,296 | 276,593 | 331,966 | 348,550 | 367,977 | 382,041 | 283,976 | 170,025 | |
Tangible fixed assets22/27 |
285,203 | 412,401 | 457,190 | 539,388 | 603,977 | 439,342 | 306,618 | 416,279 | 387,494 | 259,402 | 279,096 | 268,393 | 323,766 | 339,933 | 358,536 | 371,775 | 272,886 | 158,111 | |
Land and buildings22 |
- | - | 71,841 | 78,875 | 87,724 | 80,202 | 87,766 | 95,329 | 93,824 | 76,690 | 80,020 | 83,350 | 86,680 | 90,010 | 93,340 | 96,670 | - | - | |
Plant, machinery and equipment23 |
201,205 | 210,202 | 143,084 | 149,213 | 155,045 | 58,283 | 29,067 | 36,759 | 43,425 | 23,033 | 33,463 | 57,769 | 86,649 | 56,087 | 60,250 | 74,541 | 98,749 | 62,746 | |
Furniture and vehicles24 |
83,999 | 202,199 | 209,102 | 253,445 | 278,660 | 269,945 | 104,730 | 134,003 | 50,781 | 57,374 | 88,154 | 55,991 | 91,263 | 120,741 | 135,721 | 112,398 | 92,143 | 95,365 | |
Leasing and similar rights25 |
- | - | 33,163 | 56,167 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other tangible fixed assets26 |
- | - | - | 1,688 | 3,686 | 8,616 | 13,821 | 19,026 | 24,230 | 9,840 | 20,624 | 31,408 | 24,191 | 28,595 | 2,475 | - | - | - | |
Financial fixed assets28 |
32,823 | 32,822 | 41,072 | 32,322 | 30,856 | 30,856 | 12,140 | 12,005 | 8,335 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | |
Other financial fixed assets284/8 |
32,823 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts receivable and cash guarantees285/8 |
32,823 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Current assets29/58 |
1.1m | 1.3m | 881,288 | 989,533 | 885,398 | 707,634 | 666,584 | 772,456 | 711,112 | 618,242 | 396,219 | 377,166 | 284,127 | 366,875 | 350,021 | 214,482 | 197,208 | 124,889 | |
Stocks and contracts in progress3 |
10,000 | - | - | - | - | - | - | 336,936 | 222,701 | 278,984 | 183,219 | 81,559 | 166,302 | 201,598 | 114,974 | 76,736 | - | - | |
Stocks30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 114,974 | 76,736 | - | - | |
Contracts in progress37 |
10,000 | - | - | - | - | - | - | 336,936 | 222,701 | 278,984 | 183,219 | 81,559 | 166,302 | 201,598 | - | - | - | - | |
Amounts receivable within one year40/41 |
681,952 | 585,691 | 636,195 | 569,568 | 582,371 | 663,135 | 506,886 | 330,778 | 287,723 | 323,466 | 207,205 | 286,406 | 114,897 | 164,307 | 234,366 | 137,714 | 91,737 | 121,200 | |
Trade receivables40 |
525,326 | 496,777 | 577,887 | 513,850 | 505,686 | 585,264 | 434,717 | 241,596 | 249,418 | 296,353 | 168,865 | 273,642 | 91,709 | 84,339 | 212,560 | 120,010 | 75,741 | 113,684 | |
Other amounts receivable41 |
156,626 | 88,914 | 58,308 | 55,718 | 76,685 | 77,871 | 72,169 | 89,182 | 38,305 | 27,113 | 38,340 | 12,764 | 23,188 | 79,968 | 21,806 | 17,704 | 15,996 | 7,516 | |
Cash at bank and in hand54/58 |
373,792 | 678,790 | 239,413 | 415,622 | 295,885 | 41,362 | 156,561 | 98,948 | 195,970 | 15,792 | 4,835 | 7,491 | 2,928 | 970 | 681 | 32 | 105,471 | 3,689 | |
Deferred charges and accrued income490/1 |
19,759 | 5,723 | 5,680 | 4,343 | 7,142 | 3,137 | 3,137 | 5,794 | 4,718 | - | 960 | 1,710 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
Total equity and liabilities10/49 |
1.4m | 1.7m | 1.4m | 1.6m | 1.5m | 1.2m | 985,342 | 1.2m | 1.1m | 885,844 | 683,515 | 653,759 | 616,093 | 715,425 | 717,998 | 596,523 | 481,184 | 294,914 | |
Equity10/15 |
806,724 | 681,519 | 657,670 | 584,428 | 479,800 | 425,109 | 376,092 | 343,324 | 262,147 | 223,939 | 183,499 | 178,319 | 166,191 | 155,600 | 138,404 | 122,714 | 106,759 | 61,101 | |
Contributions10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
Issued capital100 |
- | - | - | - | - | 18,600 | 18,600 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
Contributions outside capital11 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other1109/19 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Reserves13 |
768,169 | 662,919 | 639,070 | 565,828 | 461,200 | 406,509 | 357,492 | 303,324 | 222,147 | 183,939 | 143,499 | 138,319 | 126,191 | 115,600 | 98,404 | 82,714 | 66,759 | 21,101 | |
Non-distributable reserves130/1 |
4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | - | - | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
Reserves not available under the articles1311 |
4,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other1319 |
- | - | 4,000 | 4,000 | 4,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
Tax-exempt reserves132 |
105,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 732 | 1,464 | - | |
Distributable reserves133 |
658,919 | 658,919 | 635,070 | 561,828 | 457,200 | 402,509 | 353,492 | 299,324 | 218,147 | 179,939 | 139,499 | 134,319 | 122,191 | 111,600 | 94,404 | 77,982 | 61,295 | 17,101 | |
Profit (loss) carried forward14 |
19,954 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
Provisions and deferred taxes16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 377 | 754 | - | |
Deferred taxes168 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 377 | 754 | - | |
Amounts payable17/49 |
596,806 | 1.0m | 721,880 | 976,815 | 1.0m | 752,723 | 609,250 | 857,416 | 844,794 | 661,905 | 500,016 | 475,440 | 449,902 | 559,825 | 579,594 | 473,432 | 373,671 | 233,813 | |
Amounts payable after more than one year17 |
- | - | 60,706 | 151,065 | 124,538 | 99,049 | 87,584 | 122,223 | 197,219 | 127,105 | 121,227 | 91,286 | 124,411 | 131,132 | 177,168 | 203,587 | 217,884 | 79,398 | |
Financial debts170/4 |
- | - | 60,706 | 151,065 | 124,538 | 99,049 | 87,584 | 122,223 | 197,219 | 127,105 | 121,227 | 91,286 | 124,411 | 131,132 | 177,168 | 203,587 | 217,884 | 79,398 | |
Amounts payable within one year42/48 |
596,806 | 1.0m | 661,174 | 825,750 | 915,893 | 653,674 | 521,666 | 635,193 | 647,575 | 465,800 | 378,789 | 384,154 | 325,491 | 410,413 | 402,426 | 269,845 | 155,787 | 92,316 | |
Current portion of amounts payable after more than one year42 |
5,018 | 26,276 | 91,286 | 105,450 | 103,374 | 117,199 | 81,504 | 135,725 | 142,868 | 96,147 | 75,727 | 60,876 | 67,766 | 62,749 | 85,216 | 88,779 | 59,142 | 18,918 | |
Financial debts43 |
- | 5,070 | - | - | - | 4,211 | - | - | - | 50,000 | 54,173 | 33,000 | 42,268 | 48,484 | 69,312 | 19,878 | - | 3 | |
Credit institutions430/8 |
- | 5,070 | - | - | - | 4,211 | - | - | - | 50,000 | 54,173 | 33,000 | 42,268 | 48,484 | 69,312 | 19,878 | - | 3 | |
Trade debts44 |
547,815 | 699,529 | 520,503 | 679,546 | 643,310 | 501,213 | 393,103 | 381,309 | 461,688 | 273,724 | 220,693 | 261,007 | 189,692 | 270,514 | 185,990 | 91,437 | 43,991 | 38,661 | |
Suppliers440/4 |
547,815 | 699,529 | 520,503 | 679,546 | 643,310 | 501,213 | 393,103 | 381,309 | 461,688 | 273,724 | 220,693 | 261,007 | 189,692 | 270,514 | 185,990 | 91,437 | 43,991 | 38,661 | |
Advances received on contracts in progress46 |
- | 15,613 | - | - | 112,859 | 4,795 | 4,795 | 4,795 | 4,795 | - | 1,050 | - | - | - | - | - | - | - | |
Taxes, remuneration and social security45 |
43,972 | 87,420 | 49,385 | 38,489 | 26,350 | 26,169 | 42,211 | 91,964 | 29,235 | 40,893 | 16,014 | 12,274 | 13,974 | 7,863 | 30,546 | 30,865 | 33,507 | 11,270 | |
Taxes450/3 |
- | 59,297 | 29,612 | 19,778 | 11,718 | 8,926 | 11,707 | 51,597 | 19,513 | 13,994 | 786 | 1,965 | 2,497 | 1,292 | 1,106 | 14,073 | 26,652 | 10,613 | |
Remuneration and social security454/9 |
43,972 | 28,123 | 19,773 | 18,711 | 14,632 | 17,243 | 30,504 | 40,367 | 9,722 | 26,899 | 15,228 | 10,309 | 11,477 | 6,571 | 29,440 | 16,792 | 6,855 | 657 | |
Other amounts payable47/48 |
- | 200,000 | - | 2,265 | 30,000 | 87 | 53 | 21,400 | 8,989 | 5,036 | 11,132 | 16,997 | 11,791 | 20,803 | 31,362 | 38,886 | 19,147 | 23,464 | |
Accrued charges and deferred income492/3 |
- | - | - | - | - | - | - | 100,000 | - | 69,000 | - | - | - | 18,280 | - | - | - | 62,099 | |
| Income statement | |||||||||||||||||||
Operating income70/76A |
3.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Turnover70 |
3.4m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.0m | 793,853 | 366,882 | |
Change in stocks of work in progress, finished goods and contracts in progress71 |
10,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other operating income74 |
82,850 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Non-recurring operating income76A |
- | - | - | - | - | - | - | - | - | 7,897 | - | 4,290 | 18,676 | - | 2,906 | 1,923 | - | - | |
Gross operating margin9900 |
- | 765,757 | 736,322 | 764,250 | 640,673 | 664,234 | 671,556 | 678,035 | 527,068 | 490,514 | 370,058 | 383,595 | 378,575 | 379,674 | 437,871 | 344,315 | 291,064 | 64,223 | |
Operating charges60/66A |
3.3m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 696,057 | 502,789 | 310,159 | |
Goods for resale, raw materials and consumables60 |
1.7m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Purchases600/8 |
1.7m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Services and other goods61 |
630,616 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Remuneration, social security and pensions62 |
759,048 | 441,590 | 423,107 | 380,109 | 336,330 | 351,796 | 400,813 | 326,112 | 234,568 | 240,336 | 187,371 | 208,849 | 189,653 | 189,620 | 210,924 | 115,104 | 78,175 | 7,913 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
111,989 | 106,999 | 186,882 | 203,405 | 180,075 | 203,666 | 166,737 | 192,371 | 193,066 | 163,915 | 150,391 | 126,520 | 142,136 | 136,639 | 177,382 | 178,448 | 123,983 | 19,495 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | - | - | - | - | - | - | 1,741 | - | - | - | - | - | - | - | - | - | - | |
Other operating charges640/8 |
8,011 | 7,443 | 15,717 | 12,146 | 7,689 | 12,408 | 6,728 | 6,248 | 16,389 | 9,089 | 9,761 | 13,568 | 18,736 | 6,912 | 9,105 | 9,535 | 7,308 | 3,557 | |
Non-recurring operating charges66A |
44,203 | - | - | - | - | - | - | 1,747 | - | - | - | - | 11,700 | - | - | - | - | - | |
Operating profit (loss)9901 |
191,293 | 209,725 | 110,616 | 168,590 | 116,579 | 96,364 | 97,278 | 151,563 | 83,045 | 77,174 | 22,535 | 34,658 | 28,050 | 46,503 | 40,460 | 41,228 | 81,598 | 33,258 | |
Financial income75/76B |
4,490 | 24 | 130 | 143 | 142 | 61 | 587 | 475 | 271 | 3 | 5 | - | 1,762 | 26 | 257 | 52 | 11 | 192 | |
Recurring financial income75 |
4,490 | 24 | 130 | 143 | 142 | 61 | 587 | 475 | 271 | 3 | 5 | - | 1,762 | 26 | 257 | 52 | 11 | 192 | |
Income from current assets751 |
2,090 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other financial income752/9 |
2,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Financial charges65/66B |
23,979 | 5,267 | 7,349 | 8,421 | 11,362 | 11,110 | 9,867 | 14,393 | 12,657 | 12,702 | 11,784 | 14,378 | 14,969 | 16,889 | 17,404 | 17,886 | 9,260 | 1,735 | |
Recurring financial charges65 |
23,979 | 5,267 | 7,349 | 8,421 | 11,362 | 11,110 | 9,867 | 12,646 | 12,657 | 12,702 | 11,784 | 14,378 | 14,969 | 16,889 | 17,404 | 17,886 | 9,260 | 1,735 | |
Debt charges650 |
329 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other financial charges652/9 |
23,650 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Non-recurring financial charges66B |
- | - | - | - | - | - | - | 1,747 | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
171,804 | 204,482 | 103,397 | 160,312 | 105,359 | 85,315 | 87,998 | 137,645 | 70,659 | 72,372 | 10,756 | 24,570 | 21,819 | 29,640 | 26,219 | 25,317 | 72,349 | 31,715 | |
Income taxes67/77 |
46,600 | 56,293 | 30,155 | 48,684 | 20,668 | 18,298 | 22,630 | 51,268 | 27,250 | 26,732 | 5,576 | 12,442 | 11,227 | 12,444 | 10,906 | 9,740 | 25,937 | 10,614 | |
Taxes670/3 |
46,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period9904 |
125,204 | 148,189 | 73,242 | 111,628 | 84,691 | 67,017 | 65,368 | 86,377 | 43,409 | 45,640 | 5,180 | 12,128 | 10,592 | 17,196 | 15,690 | 15,954 | 45,658 | 21,101 | |
Transfer from tax-exempt reserves789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 732 | 732 | 732 | - | |
Transfer to tax-exempt reserves689 |
105,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,196 | - | |
Profit (loss) for the period to be appropriated9905 |
19,954 | 148,189 | 73,242 | 111,628 | 84,691 | 67,017 | 65,368 | 86,377 | 43,409 | 45,640 | 5,180 | 12,128 | 10,592 | 17,196 | 16,422 | 16,686 | 44,194 | 21,101 | |
| Appropriation of the result | |||||||||||||||||||
Profit (loss) to be appropriated9906 |
19,954 | 148,189 | 73,242 | 111,628 | 84,691 | 67,017 | 65,368 | 86,377 | 43,409 | 45,640 | 5,180 | 12,128 | 10,592 | 17,196 | 16,422 | 16,686 | 44,194 | 21,101 | |
Transfer from equity791/2 |
- | 200,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | 148,189 | 73,242 | 104,628 | 54,691 | 49,017 | 54,168 | 81,177 | 38,209 | 40,440 | 5,180 | 12,128 | 10,592 | 17,196 | 16,422 | 16,686 | 44,194 | 21,101 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,000 | |
To other reserves6921 |
- | 148,189 | 73,242 | 104,628 | 54,691 | 49,017 | 54,168 | 81,177 | 38,209 | 40,440 | 5,180 | 12,128 | 10,592 | 17,196 | 16,422 | 16,686 | 44,194 | 17,101 | |
Profit to be distributed694/7 |
- | 200,000 | - | 7,000 | 30,000 | 18,000 | 11,200 | 5,200 | 5,200 | 5,200 | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
- | 200,000 | - | 7,000 | 30,000 | 18,000 | 11,200 | 5,200 | 5,200 | 5,200 | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
Average staff (FTE)9087 |
13.8 | 9 | 7 | 7 | 8 | 8 | 9 | 6.9 | 5.5 | 6.2 | 6.2 | 5.7 | 8 | 7.8 | 7.1 | 5.8 | 2.7 | 0.7 | |
Men (FTE)1003 |
12.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
17,568 | 10,540 | 12,016 | 10,128 | 10,128 | 11,668 | 13,744 | 11,088 | 8,728 | 9,620 | 10,152 | 9,598 | 12,466 | 12,466 | 10,344 | 9,218 | 4,136 | 320 | |
| Document | |||||||||||||||||||
The notes to these accounts have 41 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.
2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00423383.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 25-08-2026 | 2026-00423383 | |
| 31-12-2024 | full format | 17-07-2025 | 2025-00280437 | |
| 31-03-2024 | full format | 25-10-2024 | 2024-00514116 | |
| 31-03-2023 | full format | 27-10-2023 | 2023-00497055 | |
| 31-03-2022 | full format | 03-11-2022 | 2022-20515616 | |
| 31-03-2021 | micro format | 30-11-2021 | 2021-79000447 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72800339 | |
| 31-03-2019 | full format | 23-10-2019 | 2019-71100004 | |
| 31-03-2018 | full format | 25-10-2018 | 2018-70200247 | |
| 31-03-2017 | full format | 26-10-2017 | 2017-67800290 | |
| 31-03-2016 | full format | 26-10-2016 | 2016-66500130 | |
| 31-03-2015 | full format | 28-10-2015 | 2015-65600498 | |
| 31-03-2014 | full format | 29-10-2014 | 2014-66200237 | |
| 31-03-2013 | full format | 07-11-2013 | 2013-65800409 | |
| 31-03-2012 | full format | 06-11-2012 | 2012-63200284 | |
| 31-03-2011 | full format | 25-11-2011 | 2011-61700004 | |
| 31-03-2010 | full format | 04-11-2010 | 2010-60300433 | |
| 31-03-2009 | full format | 29-10-2009 | 2009-84300190 | |
| 31-03-2008 | full format | 24-11-2008 | 2008-82300323 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 303,282 | 316,724 | 297,498 | 371,995 | 296,654 | 300,030 | 264,015 | 343,934 | 276,111 | 241,089 | 172,926 | 161,178 | 170,186 | 183,142 | 217,842 | 219,676 | 205,581 | 52,753 | |
| Cash flow | 237,194 | 255,188 | 260,124 | 315,033 | 264,766 | 270,683 | 232,105 | 278,748 | 236,475 | 209,555 | 155,571 | 138,648 | 152,728 | 153,835 | 193,072 | 194,402 | 169,641 | 40,596 | |
| Investment in fixed assets | 105,528 | 262,204 | 132,273 | 140,282 | 377,469 | 376,539 | 57,589 | 235,114 | 325,695 | 151,421 | 161,094 | 101,197 | 175,284 | 121,682 | 256,058 | 277,844 | 241,108 | 185,399 | |
| Change in cash | -304,998 | 439,377 | -176,209 | 119,737 | 254,523 | -115,199 | 57,613 | -97,022 | 180,178 | 10,957 | -2,656 | 4,563 | 1,958 | 289 | 649 | -105,439 | 101,782 | - | |
| Working capital | 488,698 | 236,296 | 220,114 | 163,783 | -30,495 | 53,960 | 144,918 | 137,263 | 63,537 | 152,442 | 17,430 | -6,988 | -41,364 | -43,538 | -52,405 | -55,363 | 41,421 | 32,573 | |
| EBIT margin | 5.7% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.0% | 10.3% | 9.1% | |
| Solvency | 57.5% | 39.7% | 47.7% | 37.4% | 31.6% | 36.1% | 38.2% | 28.6% | 23.7% | 25.3% | 26.8% | 27.3% | 27.0% | 21.7% | 19.3% | 20.6% | 22.2% | 20.7% | |
| Current ratio | 1.82 | 1.23 | 1.33 | 1.20 | 0.97 | 1.08 | 1.28 | 1.22 | 1.10 | 1.33 | 1.05 | 0.98 | 0.87 | 0.89 | 0.87 | 0.79 | 1.27 | 1.35 | |
| Quick ratio | 1.80 | 1.23 | 1.33 | 1.20 | 0.97 | 1.08 | 1.28 | 0.69 | 0.75 | 0.73 | 0.56 | 0.77 | 0.36 | 0.40 | 0.58 | 0.51 | 1.27 | 1.35 | |
| Debt to equity | 0.74 | 1.52 | 1.10 | 1.67 | 2.17 | 1.77 | 1.62 | 2.50 | 3.22 | 2.96 | 2.72 | 2.67 | 2.71 | 3.60 | 4.19 | 3.86 | 3.50 | 3.83 | |
| ROE | 15.5% | 21.7% | 11.1% | 19.1% | 17.7% | 15.8% | 17.4% | 25.2% | 16.6% | 20.4% | 2.8% | 6.8% | 6.4% | 11.1% | 11.3% | 13.0% | 42.8% | 34.5% | |
| ROA | 8.9% | 8.6% | 5.3% | 7.1% | 5.6% | 5.7% | 6.6% | 7.2% | 3.9% | 5.2% | 0.8% | 1.9% | 1.7% | 2.4% | 2.2% | 2.7% | 9.5% | 7.2% | |
| Interest coverage | over 100 | 60.13 | 40.48 | 44.17 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Customer credit | 57 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 42 days | 35 days | 113 days | |
| Supplier credit | 85 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 48 days | 32 days | 45 days |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 14 | 9 | 9 | 7 | 7 |
| full-time | 13 | 9 | 9 | 7 | 7 |
| part-time | 1 | - | - | - | - |
| in full-time equivalents | 13.8 | 9 | 9 | 7 | 7 |
| Average over the year, in full-time equivalents | 12.8 | 9 | 8.3 | 7 | 7 |
| On a permanent contract | 14 | 9 | 9 | 5 | 6 |
| Joined | 5 | 5 | 8 | - | 1 |
| Left | 0 | 5 | 6 | - | 2 |
| Training hours | 168 | - | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Overdue social security (RSZ) debts | - | €7,348 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
| Item | 2025 | 2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €105,528 | €262,204 | €107,501 | €120,123 | €138,816 |
| Financial fixed assets | - | - | - | €12,150 | €1,466 |
| Depreciation and write-downs of the year | €111,989 | €106,999 | €176,040 | €186,882 | €203,405 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Item | 2025 | 2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Fee for the audit | €2,500 | - | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is 9% lower than in 2024.
Debt's share of the balance-sheet total falls from 60.3% to 42.5%. Equity is higher and debt is lower.
Further up the chainCOMPAGNIE FINANCIERE DE TRAVAUX PUBLICS ET AGREGATS 100%
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of Etablissements Maurice Wanty. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group COMPAGNIE FINANCIERE DE TRAVAUX PUBLICS ET AGREGATS Group, risk and exposure| BARE O. MANAGEMENT via BARÉ Olivier Marc Willy Ghislain, at TRABA until 2024 · Director · deed of 30-09-2024 founded in 2024 |
total assets €22,826 (2026) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Molignée, Haut-le-W. 60 registered office 5537 Anhée | ||
| TRABA sprl Rue de la Molignée, Warnant SN, 5537 Anhée | 03-10-2007 | 2.165.890.036 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 91233C0157/02E003 | 1.4 ha | 1 · 731 m² | 5.3 m · 2 |
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 0892.573.709
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