Financials
- Fiscal year
- 2025
- Turnover
- €11.8m
- Profit
- €908,287
- Solvency
- 44.7%
Turnover▼ 8.3%
Net result
20182025
TRADECOWALL
ActiveSummary
TRADECOWALL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.4m and a net result of €908,287. Equity is growing by ~9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Waste collection, recovery and disposal activities
NACE 38330NACE 38219NACE 90021
#2 company by equity in the province of Namur, Waste collection and treatment sector9 sites
Size
€11.8mturnover 2025
- Staff
- 36.8 FTE
- Equity
- €6.4m
- Profit
- €908,287
Structure
- Largest shareholder
- SPAQuE · 11%
- Board
- 38 members
- Holdings
- 10
Auditor: BMS Audit SRLAccounts 73 d early
Why 95+ Founded in 1991+ Size: turnover €11.8m, 36.8 FTE, total assets €14.3m+ Profit of €908,287 (FY 2025)+ Liquidity: current ratio 1.65, cash €1.6mShow the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 65% of its sector peers (NACE 38, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
70=
equity 44.7% of total assets
Liquidity
50=
short-term debt 32.3% · cash 11.4%
Profitability
84+6
return on assets 6.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● 0.0% vs 11-2024
01-2025: 0.1%● 0.0% vs 12-2024
02-2025: 0.1%▼ -4.9% vs 01-2025
03-2025: 0.1%● 0.0% vs 02-2025
04-2025: 0.1%▼ -0.9% vs 03-2025
05-2025: 0.1%▲ +5.2% vs 04-2025
06-2025: 0.2%▲ +34.4% vs 05-2025highest value
07-2025: 0.2%● 0.0% vs 06-2025highest value
08-2025: 0.2%● 0.0% vs 07-2025highest value
09-2025: 0.2%● 0.0% vs 08-2025highest value
10-2025: 0.2%● 0.0% vs 09-2025highest value
11-2025: 0.2%● 0.0% vs 10-2025highest value
12-2025: 0.2%● 0.0% vs 11-2025highest value
01-2026: 0.2%● 0.0% vs 12-2025highest value
02-2026: 0.2%▼ -4.3% vs 01-2026
03-2026: 0.2%● 0.0% vs 02-2026
04-2026: 0.2%▼ -1.3% vs 03-2026
05-2026: 0.2%▲ +5.2% vs 04-2026
06-2026: 0.1%▼ -31.3% vs 05-2026lowest value
07-2026: 0.1%● 0.0% vs 06-2026lowest value
08-2026: 0.1%● 0.0% vs 07-2026lowest value
09-2026: 0.1%● 0.0% vs 08-2026lowest value
10-2026: 0.1%● 0.0% vs 09-2026lowest value
- Founded in 1991 lowers the probability for this profile
- Size: turnover €11.8m, 36.8 FTE, total assets €14.3m lowers the probability for this profile
- Profit of €908,287 (FY 2025) lowers the probability
- Liquidity: current ratio 1.65, cash €1.6m lowers the probability
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.66 in 2024; short-term debt: 32.3% and cash: 11.4% of total assets), but 55.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, small). Better than this share of them on solvency 63%, liquidity 63%, profitability 84%, growth against the median 49%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
71 d early
2023
62 d early
2022
62 d early
2021
80 d early
2020
86 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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. Usually files around 21 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignations: Richard Marchand, Arnaud Melin and…Reappointments: Arnaud Melin, Eric Burens…
- Annual accounts filedfiscal year 2025 · unclassified…
- Appointment: Edouard Herinckx (présidence)State Gazette act
Key points
- Positive: Company by equity in the province of Namur…in the Checked rankings #2 View
- Board changedlatest change 05-06-2026 · 38 in office 3 joined · 2 left View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: Result rose in 2025from €620,646 to €908,287 ▲ 46.3% View
- Positive: 7 profitable years in a rowprofit 2025: €908,287 7 years View
- Heads a groupcompanies controlled 3 View
By topic
Board & ownership
- Board
- 38 members
- Largest shareholder
- SPAQuE · 11%
- Auditor
- BMS Audit SRL
Go to Board & ownership
Network & group
- Subsidiaries
- 3
- Holdings
- 10
- Connected companies
- 56
10 holdings
Timeline
- Events
- 50
- Since
- 2003
- Next accounts
- by 31-07-2027
- 05-06-2026Resignations: Richard Marchand, Arnaud Melin and 3…
- 19-05-2026Annual accounts filed
- 09-03-2026Appointment: Edouard Herinckx (présidence)
Company details
- Sites
- 9
- Legal form
- Cooperative company
- Activity
- Waste collection, recovery and disposal activitiesNACE 38330
- Founded
- 06-02-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- La société a pour objet la satisfaction des besoins et le développement des activités…
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