TRABEA
ActiveSummary
TRABEA has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,391 and a net result of €65,648. Equity is growing by ~117.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency30▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 4.85 against 4.18 in 2024; short-term debt: 2.7% and cash: 4.3% of total assets), but 94.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
5.2%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
52 d early
2024
58 d early
2023
103 d early
2022
on the day
2021
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€150,391▲ 77.5%
2024 · €84,743
Total assets
€2.9m▼ 0.4%
2024 · €2.9m
Net result
€65,648▲ 40.0%
2024 · €46,886
Working capital
€302,005▲ 40.6%
2024 · €214,746
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result-€44,538-€55,948€54,911▼ 1.9%€91,999▲ 67.5%€114,019▲ 23.9%
Net result-€53,060below the sector's middle half-€45,299within the sector's middle half€20,618within the sector's middle half▼ 54.5%€46,886within the sector's middle half▲ 127%€65,648within the sector's middle half▲ 40.0%
Equity-€28,060below the sector's middle half-€17,239below the sector's middle half€37,857within the sector's middle half▲ 120%€84,743within the sector's middle half▲ 124%€150,391within the sector's middle half▲ 77.5%
Total assets€2.9mabove the sector's middle half-€2.9mabove the sector's middle half▼ 1.4%€2.9mabove the sector's middle half▼ 0.3%€2.9mabove the sector's middle half=€2.9mabove the sector's middle half▼ 0.4%
Debt€3.0m-€2.9m▼ 3.0%€2.8m▼ 1.0%€2.8m▼ 1.6%€2.7m▼ 2.8%
Working capital-€2,375-€69,559€136,117▲ 95.7%€214,746▲ 57.8%€302,005▲ 40.6%
Solvency-1.0%below the sector's middle half-0.6%below the sector's middle half▲ 1.6pp1.3%below the sector's middle half▲ 0.7pp2.9%below the sector's middle half▲ 1.6pp5.2%below the sector's middle half▲ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.5m ▼ 4.2%
Current assets
€380,394 ▲ 34.8%
Equity and liabilities €2.9m
Equity
€150,391 ▲ 77.5%
Debt
€2.7m ▼ 2.8%
Debt's share of the balance-sheet total falls from 97.1% to 94.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€228,757▲
2024 · €205,028
Cash flow
€180,387▲
2024 · €159,915
Current ratio
4.85▲
2024 · 4.18
Debt to equity
18.07▼
2024 · 32.99
ROE
43.7%▼
2024 · 55.3%
ROA
2.3%▲
2024 · 1.6%
Interest coverage
13.72▲
2024 · 7.65
Debt ≤ 1 year
€78,389▲
2024 · €67,444
Debt > 1 year
€2.6m▼
2024 · €2.7m
Income taxes
€31,693▲
2024 · €18,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €143,692 | €111,569 | €111,705 | €113,029 | €114,739 | ▲ 1.5% |
| Other operating charges640/8 | €5,663 | €7,796 | €9,451 | €9,218 | €9,566 | ▲ 3.8% |
| Gross operating margin9900 | €104,817 | €175,313 | €176,068 | €214,246 | €238,323 | ▲ 11.2% |
| Operating profit (loss)9901 | -€44,538 | €55,948 | €54,911 | €91,999 | €114,019 | ▲ 23.9% |
| Financial income75/76B | - | €0 | €0 | - | €1 | - |
| Recurring financial income75 | - | €0 | €0 | - | €1 | - |
| Financial charges65/66B | €8,230 | €9,475 | €25,422 | €26,793 | €16,678 | ▼ 37.8% |
| Recurring financial charges65 | €8,230 | €9,475 | €25,422 | €26,793 | €16,678 | ▼ 37.8% |
| Profit (loss) for the period before taxes9903 | -€52,767 | €46,473 | €29,489 | €65,206 | €97,341 | ▲ 49.3% |
| Income taxes67/77 | €293 | €1,174 | €8,871 | €18,320 | €31,693 | ▲ 73.0% |
| Profit (loss) for the period9904 | -€53,060 | €45,299 | €20,618 | €46,886 | €65,648 | ▲ 40.0% |
| Profit (loss) for the period to be appropriated9905 | -€53,060 | €45,299 | €20,618 | €46,886 | €65,648 | ▲ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | ▼ 0.4% |
| Fixed assets21/28 | €2.9m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 4.2% |
| Tangible fixed assets22/27 | €2.9m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 4.2% |
| Land and buildings22 | €2.7m | €2.6m | €2.5m | €2.4m | €2.3m | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €863 | €647 | €2,688 | €1,952 | ▼ 27.4% |
| Furniture and vehicles24 | €192,602 | €177,561 | €176,897 | €163,958 | €142,959 | ▼ 12.8% |
| Other tangible fixed assets26 | - | - | - | €7,793 | €7,002 | ▼ 10.2% |
| Current assets29/58 | €62,001 | €124,136 | €206,261 | €282,190 | €380,394 | ▲ 34.8% |
| Amounts receivable within one year40/41 | €43,292 | €28,855 | €76,627 | €159,320 | €242,345 | ▲ 52.1% |
| Trade receivables40 | €43,292 | €28,805 | €76,577 | €59,270 | €92,295 | ▲ 55.7% |
| Other amounts receivable41 | - | €50 | €50 | €100,050 | €150,050 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €16,916 | €80,195 | €114,327 | €109,504 | €122,484 | ▲ 11.9% |
| Deferred charges and accrued income490/1 | €1,794 | €15,086 | €15,307 | €13,367 | €15,564 | ▲ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | ▼ 0.4% |
| Equity10/15 | -€28,060 | €17,239 | €37,857 | €84,743 | €150,391 | ▲ 77.5% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | - | - | €12,857 | €59,743 | €125,391 | ▲ 110% |
| Distributable reserves133 | - | - | €12,857 | €59,743 | €125,391 | ▲ 110% |
| Profit (loss) carried forward14 | -€53,060 | -€7,761 | €0 | - | - | - |
| Amounts payable17/49 | €3.0m | €2.9m | €2.8m | €2.8m | €2.7m | ▼ 2.8% |
| Amounts payable after more than one year17 | €2.9m | €2.8m | €2.8m | €2.7m | €2.6m | ▼ 3.2% |
| Financial debts170/4 | €2.1m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 2.4% |
| Other amounts payable178/9 | €747,552 | €738,239 | €740,271 | €743,181 | €703,023 | ▼ 5.4% |
| Amounts payable within one year42/48 | €64,376 | €54,577 | €70,144 | €67,444 | €78,389 | ▲ 16.2% |
| Current portion of amounts payable after more than one year42 | €46,667 | €46,667 | €46,667 | €46,667 | €46,667 | = |
| Trade debts44 | €2,661 | €2,401 | €1,061 | €195 | €1,370 | ▲ 603% |
| Suppliers440/4 | €2,661 | €2,401 | €1,061 | €195 | €1,370 | ▲ 603% |
| Taxes, remuneration and social security45 | €15,048 | €5,509 | €22,416 | €20,582 | €30,352 | ▲ 47.5% |
| Taxes450/3 | €15,048 | €5,509 | €22,416 | €20,582 | €30,352 | ▲ 47.5% |
| Accrued charges and deferred income492/3 | €24,008 | €2,133 | €1,515 | €2,490 | €950 | ▼ 61.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,060 | €45,299 | €20,618 | €46,886 | €65,648 | ▲ 40.0% |
| + Depreciation and write-downs630 | €143,692 | €111,569 | €111,705 | €113,029 | €114,739 | ▲ 1.5% |
| Operating cash flow (approximation) | €90,632 | €156,868 | €132,323 | €159,915 | €180,387 | ▲ 12.8% |
| Investment in fixed assets (approximation) | - | -€7,079 | -€20,513 | -€38,504 | -€4,764 | ▲ 87.6% |
| Change in cash | - | €63,279 | €34,132 | -€4,823 | €12,980 | ▲ 369% |
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
Next filing, fiscal year 2026, expected by
2026
14-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 02-09-2026
- Registered-office move, Hoogbeemd 34, 3020 Herent
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €65,648 ▲40%
Operating result €114,019, net result €65,648, both a record.
31-12
Financial
Equity above €150,000Eq €150,391 ▲77.5%
4 profitable years in a row build equity to €150,391.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €45,299
Net result €45,299 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.27
Current ratio from 0.96 to 2.27; short-term debt falls from €64,376 to €54,577.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herent · 1 establishment unit since 2020
Ground area
2,380 m²
Building footprint
168 m²
Volume, LiDAR
916 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRABEA
since 20202.304.555.791
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423I0037/00V003 | Flanders | 1,308 m² | - | - |
| 24423I0038/00M000 | Flanders | 1,072 m² | 1 · 168 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 40,800 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
Founded07-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749929170
Registered
27-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.