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Tradas

Active
Public limited companyfounded 1987active for 38 yearsJoseph Coosemansstraat 86, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0432.652.959

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00448289.

Annual accounts 2025 filed on 27-08-2026 at the NBB all 36 filings

Turnover
≈ €260,000
Estimated: probably between €160,000 and €510,000
EBIT margin
Not included in this filing
Net result
-€81,781▲ 38.9%
2024 · -€133,837
Working capital
€48,674▼ 22.4%
2024 · €62,696
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €90,001, smaller than the loss of €132,575 in 2024.

Operating result-€90,001 2025 Net result-€81,781 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€83,300-€26,787▼ 67.8%€116,539▲ 335%€122,269▲ 4.9%€11,098▼ 90.9%€8,232▼ 25.8%-€132,575-€90,001▲ 32.1%
Net result€52,604-€12,177▼ 76.9%€82,824above the sector's middle half▲ 580%€82,306within the sector's middle half▼ 0.6%-€219within the sector's middle half€1,550within the sector's middle half-€133,837below the sector's middle half-€81,781below the sector's middle half▲ 38.9%
Equity€241,152-€178,328▼ 26.1%€201,153within the sector's middle half▲ 12.8%€243,459within the sector's middle half▲ 21.0%€243,239within the sector's middle half▼ 0.1%€244,790within the sector's middle half▲ 0.6%€110,952above the sector's middle half▼ 54.7%€29,171within the sector's middle half▼ 73.7%
Total assets€669,608-€512,094▼ 23.5%€547,775within the sector's middle half▲ 7.0%€646,977within the sector's middle half▲ 18.1%€668,760within the sector's middle half▲ 3.4%€531,093within the sector's middle half▼ 20.6%€358,684above the sector's middle half▼ 32.5%€250,014within the sector's middle half▼ 30.3%
Debt€428,456-€333,765▼ 22.1%€346,622▲ 3.9%€403,518▲ 16.4%€425,520▲ 5.5%€286,304▼ 32.7%€247,732▼ 13.5%€220,843▼ 10.9%
Working capital€252,429-€142,914▼ 43.4%€171,478within the sector's middle half▲ 20.0%€199,372within the sector's middle half▲ 16.3%€187,566within the sector's middle half▼ 5.9%€194,883within the sector's middle half▲ 3.9%€62,696within the sector's middle half▼ 67.8%€48,674within the sector's middle half▼ 22.4%
Solvency36.0%-34.8%▼ 1.2pp36.7%within the sector's middle half▲ 1.9pp37.6%within the sector's middle half▲ 0.9pp36.4%within the sector's middle half▼ 1.3pp46.1%within the sector's middle half▲ 9.7pp30.9%within the sector's middle half▼ 15.2pp11.7%below the sector's middle half▼ 19.3pp
Current ratio1.67-1.43▼ 0.241.50within the sector's middle half▲ 0.061.54within the sector's middle half▲ 0.041.50within the sector's middle half▼ 0.041.76within the sector's middle half▲ 0.261.27within the sector's middle half▼ 0.491.27within the sector's middle half▲ 0.01
Return on assets (ROA)7.9%-2.4%▼ 5.5pp15.1%above the sector's middle half▲ 12.7pp12.7%above the sector's middle half▼ 2.4pp0.0%within the sector's middle half▼ 12.8pp0.3%within the sector's middle half▲ 0.3pp-37.3%below the sector's middle half▼ 37.6pp-32.7%below the sector's middle half▲ 4.6pp
Staff (FTE)5.8-6.3▲ 8.6%5.7within the sector's middle half▼ 9.5%6.8within the sector's middle half6.8within the sector's middle half=5▼ 26.5%1.6within the sector's middle half▼ 68.0%
above within below The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250,014
Fixed assets €24,149 ▼ 61.0%
Current assets €225,865 ▼ 23.9%
Equity and liabilities €250,014
Equity €29,171 ▼ 73.7%
Debt €220,843 ▼ 10.9%
Debt's share of the balance-sheet total rises from 69.1% to 88.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€69,328▲
2024 · -€106,530
Cash flow
-€61,108▲
2024 · -€107,792
Debt to equity
7.57▲
2024 · 2.23
ROE
-280.3%▼
2024 · -120.6%
Interest coverage
-9.41▲
2024 · -45.48
Debt ≤ 1 year
€177,190▼
2024 · €234,054
Debt > 1 year
€5,106▼
2024 · €13,678
Income taxes
€51▼
2024 · €189
Staff costs
€154,583▼
2024 · €382,148
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Tradas: translation services (NACE 74301). They are comparable in size and age: total assets between €192,000 and €307,000, founded between 1989 and 1997.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
Tradas Schaarbeek1987€250,014€29,171€94,917--€81,7812025
ROYAL CONSULT Schaarbeek1991€228,198€199,545€64,645€81,856€42,6682025
Business & Investment Group Jette1989€306,527€57,968€62,655-€32,8832025
ISABELLE VANDENPLAS Ukkel1996€192,456€60,700€111,876€309,994€36,1442024
CBG Consulting & Information Leuven1992€217,758€177,658€153,166--€30,5932025
LIGNA Kapelle-op-den-Bos1995€243,578€207,150€62,485-€35,1352025
SOFTWARE PROFESSIONAL CONSULTING Sint-Pieters-Woluwe1997€292,562€159,662€70,623-€48,6142025

They were chosen from the 689 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,221 companies had the same profile as Tradas has now. Two years later, 3.8% had gone bankrupt and 88.6% were still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
3.8% went bankrupt
7.4% stopped otherwise
88.6% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Tradas itself is lower: 0.5% within 12 months. It rests on far more data about Tradas than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,221 companies, not a prediction for Tradas. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€358,684€250,014▼
Fixed assets21/28€61,934€24,149▼
Tangible fixed assets22/27€59,434€24,149▼
Plant, machinery and equipment23€9,898€2,813▼
Furniture and vehicles24€47,286€21,336▼
Other tangible fixed assets26€2,250-
Financial fixed assets28€2,500-
Current assets29/58€296,750€225,865▼
Amounts receivable within one year40/41€183,496€134,353▼
Trade receivables40€137,320€125,144▼
Other amounts receivable41€46,177€9,209▼
Cash at bank and in hand54/58€105,748€90,218▼
Deferred charges and accrued income490/1€7,505€1,294▼
Equity and liabilities
Total equity and liabilities10/49€358,684€250,014▼
Equity10/15€110,952€29,171▼
Contributions10/11€78,954€78,954=
Capital10€78,954€78,954=
Issued capital100€78,954€78,954=
Reserves13€8,798€8,798=
Non-distributable reserves130/1€8,798€8,798=
Legal reserve130€8,798€8,798=
Profit (loss) carried forward14€23,200-€58,581▼
Amounts payable17/49€247,732€220,843▼
Amounts payable after more than one year17€13,678€5,106▼
Financial debts170/4€13,678€5,106▼
Amounts payable within one year42/48€234,054€177,190▼
Current portion of amounts payable after more than one year42€16,905€8,572▼
Trade debts44€159,408€139,901▼
Suppliers440/4€159,408€139,901▼
Taxes, remuneration and social security45€56,336€26,698▼
Taxes450/3€27,400€15,299▼
Remuneration and social security454/9€28,937€11,399▼
Other amounts payable47/48€1,405€2,019▲
Accrued charges and deferred income492/3-€38,547
Income statement Code20242025
Non-recurring operating income76A€16,890-
Remuneration, social security and pensions62€382,148€154,583▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,045€20,673▼
Other operating charges640/8-€6,293
Non-recurring operating charges66A-€3,370
Gross operating margin9900€275,618€94,917▼
Operating profit (loss)9901-€132,575-€90,001▲
Financial income75/76B€1,268€15,637▲
Recurring financial income75€1,268€15,637▲
Financial charges65/66B€2,342€7,365▲
Recurring financial charges65€2,342€7,365▲
Profit (loss) for the period before taxes9903-€133,649-€81,730▲
Income taxes67/77€189€51▼
Profit (loss) for the period9904-€133,837-€81,781▲
Profit (loss) for the period to be appropriated9905-€133,837-€81,781▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,200-€58,581▼
Profit (loss) brought forward from the previous period14P€157,038€23,200▼

The notes to these accounts have 11 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€10,718€0-€16,890--
Remuneration, social security and pensions62---€405,848€471,190€498,599€382,148€154,583▼ 59.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,758€28,820€16,874€8,642€21,030€25,222€26,045€20,673▼ 20.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€90€0---
Other operating charges640/8---€1,218€348€0-€6,293-
Non-recurring operating charges66A----€0--€3,370-
Gross operating margin9900€508,952€480,911€516,786€537,977€503,756€532,053€275,618€94,917▼ 65.6%
Operating profit (loss)9901€83,300€26,787€116,539€122,269€11,098€8,232-€132,575-€90,001▲ 32.1%
Financial income75/76B---€5,280€938€431€1,268€15,637▲ 12×
Recurring financial income75€1,077€479€518€1,032€938€431€1,268€15,637▲ 12×
Non-recurring financial income76B---€4,248-----
Financial charges65/66B---€13,573€11,306€3,054€2,342€7,365▲ 214%
Recurring financial charges65€3,835€3,778€2,615€7,497€11,306€3,054€2,342€7,365▲ 214%
Non-recurring financial charges66B---€6,075-----
Profit (loss) for the period before taxes9903€80,542€23,487€114,441€113,976€731€5,608-€133,649-€81,730▲ 38.8%
Income taxes67/77€27,937€11,311€31,617€31,670€950€4,058€189€51▼ 72.8%
Profit (loss) for the period9904€52,604€12,177€82,824€82,306-€219€1,550-€133,837-€81,781▲ 38.9%
Profit (loss) for the period to be appropriated9905€52,604€12,177€82,824€82,306-€219€1,550-€133,837-€81,781▲ 38.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€669,608€512,094€547,775€646,977€668,760€531,093€358,684€250,014▼ 30.3%
Fixed assets21/28€41,852€39,439€30,034€75,190€105,711€80,489€61,934€24,149▼ 61.0%
Intangible fixed assets21€9,471€3,209€1€0-----
Tangible fixed assets22/27€31,384€35,232€29,035€72,690€103,211€77,989€59,434€24,149▼ 59.4%
Plant, machinery and equipment23---€14,897€16,743€13,030€9,898€2,813▼ 71.6%
Furniture and vehicles24---€55,543€84,218€62,709€47,286€21,336▼ 54.9%
Other tangible fixed assets26---€2,250€2,250€2,250€2,250--
Financial fixed assets28€998€998€998€2,500€2,500€2,500€2,500--
Current assets29/58€627,756€472,655€517,741€571,787€563,048€450,604€296,750€225,865▼ 23.9%
Amounts receivable within one year40/41€418,202€239,441€304,941€273,391€188,837€189,687€183,496€134,353▼ 26.8%
Trade receivables40---€269,067€169,787€170,637€137,320€125,144▼ 8.9%
Other amounts receivable41---€4,325€19,050€19,050€46,177€9,209▼ 80.1%
Current investments50/53€2,958--------
Cash at bank and in hand54/58€202,106€214,275€207,116€291,456€370,494€252,962€105,748€90,218▼ 14.7%
Deferred charges and accrued income490/1---€6,939€3,718€7,955€7,505€1,294▼ 82.8%
Equity and liabilities
Total equity and liabilities10/49€669,608€512,094€547,775€646,977€668,760€531,093€358,684€250,014▼ 30.3%
Equity10/15€241,152€178,328€201,153€243,459€243,239€244,790€110,952€29,171▼ 73.7%
Contributions10/11€78,954€78,954€78,954€78,954€78,954€78,954€78,954€78,954=
Capital10---€78,954€78,954€78,954€78,954€78,954=
Issued capital100---€78,954€78,954€78,954€78,954€78,954=
Reserves13€8,798€8,798€8,798€8,798€8,798€8,798€8,798€8,798=
Non-distributable reserves130/1---€8,798€8,798€8,798€8,798€8,798=
Legal reserve130---€8,798€8,798€8,798€8,798€8,798=
Profit (loss) carried forward14€153,400€90,577€113,401€155,707€155,488€157,038€23,200-€58,581-
Amounts payable17/49€428,456€333,765€346,622€403,518€425,520€286,304€247,732€220,843▼ 10.9%
Amounts payable after more than one year17€18,130€4,025€0€31,103€50,038€30,583€13,678€5,106▼ 62.7%
Financial debts170/4---€31,103€50,038€30,583€13,678€5,106▼ 62.7%
Amounts payable within one year42/48€375,326€329,741€346,263€372,414€375,483€255,720€234,054€177,190▼ 24.3%
Current portion of amounts payable after more than one year42---€11,129€19,146€19,455€16,905€8,572▼ 49.3%
Trade debts44€177,676€141,767€189,421€237,609€200,336€160,533€159,408€139,901▼ 12.2%
Suppliers440/4---€237,609€200,336€160,533€159,408€139,901▼ 12.2%
Taxes, remuneration and social security45---€82,072€118,090€74,329€56,336€26,698▼ 52.6%
Taxes450/3---€41,721€63,994€43,076€27,400€15,299▼ 44.2%
Remuneration and social security454/9---€40,350€54,096€31,252€28,937€11,399▼ 60.6%
Other amounts payable47/48---€41,605€37,910€1,405€1,405€2,019▲ 43.8%
Accrued charges and deferred income492/3---€0---€38,547-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€52,604€12,177€82,824€82,306-€219€1,550-€133,837-€81,781▲ 38.9%
+ Depreciation and write-downs630€26,758€28,820€16,874€8,642€21,030€25,222€26,045€20,673▼ 20.6%
Operating cash flow (approximation)€79,362€40,997€99,698€90,948€20,810€26,772-€107,792-€61,108▲ 43.3%
Investment in fixed assets (approximation)--€26,407-€7,469-€53,798-€51,551€0-€7,490€17,112-
Change in cash-€12,169-€7,159€84,340€79,038-€117,532-€147,214-€15,531▲ 89.5%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 36 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 27-08-2026 2026-00448289 NBB
31-12-2024 micro format 07-07-2025 2025-00267723 PDF
31-12-2023 full format 10-07-2024 2024-00240314 PDF
31-12-2022 full format 03-10-2023 2023-00472585 PDF
31-12-2021 full format 19-08-2022 2022-20296976 PDF
31-12-2020 full format 31-08-2021 2021-62300098 PDF
31-12-2019 full format 13-08-2020 2020-41100333 PDF
31-12-2018 full format 29-08-2019 2019-54900336 PDF
31-12-2017 full format 02-07-2018 2018-26400205 PDF
31-12-2016 full format 18-08-2017 2017-44800117 PDF

Show all 36 filings

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