Active BE 0459.391.604Private limited company (pre-2019)Open bankruptcy

TRACO - F

Gildestraat(Lok) 5 ·8958 Heuvelland, Belgium· 29 yrs active

Sector: Groothandel in huishoudtextiel en beddengoed (46412)

Conclusion Checked

A bankruptcy procedure is open for TRACO - F according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-8k) and a net result of €-5k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-8k
Net result	€-5k
Better than sector	16%
Active	29 yrs

Financial profile 5 of 5 axes measured · computed by Checked

34 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 40

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-10-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-23.4%	25.2%	better than 16% of 2418 sector peers
Net result	€-5k	€4k	better than 26% of 2419 sector peers
Equity	€-8k	€21k	better than 18% of 2425 sector peers
Gross operating margin	€-4k	€18k	better than 16% of 2411 sector peers
Total assets	€34k	€105k	better than 22% of 2421 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-18k

-60.7% 18-22

Net profit

€-5k

+38.5% 18-22

Cash flow

€-18k

-2085.7% 18-22

Total assets

€34k

-0.3% 18-22

Equity

€-8k

-148.0% 18-22

Working capital

€-8k

-148.0% 18-22

Income taxes

€0

-100.0% 18-22

Debt

€42k

+12.5% 18-22

Show 8 other metrics

Debt ≤ 1y

€42k

+12.5% 18-22

Debt > 1y

€0

-100.0% 18-22

Current ratio

0.81

-11.3% 18-22

Quick ratio

0.81

-11.3% 18-22

Solvency

-23.4%

-148.6% 18-22

Debt / equity

-5.27

+54.6% 18-22

ROE

59.7%

-75.2% 18-22

ROA

-14.0%

+38.4% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-5k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€34k
Equity	€-8k
Debt	€42k
of which ≤ 1y	€42k
of which > 1y	-
Working capital	€-8k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	0.81
Quick ratio	0.81
Working capital ratio	-23.4%
Solvency	-23.4%
Debt / equity	-5.27
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-14.0%
ROE	59.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Full annual accounts (18 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€34k
Current assets	29/58	€34k
Amounts receivable within one year	40/41	€34k
Cash & bank	54/58	€345
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€34k
Equity	10/15	€-8k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-28k
Amounts payable	17/49	€42k
Amounts payable within one year	42/48	€42k
Trade debts payable within one year	44	€20k
Income statement
Gross operating margin	9900	€-4k
Operating result	9901	€-4k
Financial charges	65	€454
Result before taxes	9903	€-5k
Net result for the period	9904	€-5k
Result to be appropriated	9905	€-5k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FILIP HOUVENAGHEL DEKEN DE BOLAAN 57, 8970 POPERINGE	09-04-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Groothandel in huishoudtextiel en beddengoed(46412)
Legal form	Private limited company (pre-2019)(015)
Incorporation	06-12-1996
Status	Active
Postal code	8958
First BS signal	15-04-2024
Latest BS signal	15-04-2024

Establishment units 2 locations

TRACO BVBA

Kortrijkstraat 38, 8580 AvelgemPersonenvervoer door de lucht

since 19972.080.081.955

Maloulaan 38, 8900 Ieper

Personenvervoer door de lucht

since 19992.080.081.856

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34003A1059/00F000	Flanders	300 m²	1 · 109 m²	12.0 m · 2 fl.
33015B0071/00R000	Flanders	199 m²	1 · 87 m²	7.9 m · 2 fl.
33011F0550/03C008	Flanders	142 m²	1 · 142 m²	14.7 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

15-04-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Ieper · BV TRACO - F GILDESTRAAT- (LOK) 5, 8958- HEUVELLAND-LOKER · event 09-04-2024

2023

31-10-2023