TRADEM
ActiveSummary
TRADEM has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.04M and a net result of €101k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity short (current ratio 0.87 against 3.1 in 2024; short-term debt: 5.5% and cash: 1.8% of total assets), and 19.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
80.3%
Return on assets
2.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
38 d early
2023
54 d early
2022
49 d early
2021
3 d early
2020
104 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€101k▼ 20.3%
2024 · €127k
Working capital
€-27k
2024 · €273k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€197k▲ 33.0%€241k▲ 22.3%€190k▼ 21.2%€204k▲ 7.6%€173k▼ 15.2%
Net result€136k▲ 27.4%€161k▲ 18.4%€127k▼ 21.2%€127k▲ 0.2%€101k▼ 20.3%
Equity€2.68M▲ 5.4%€2.84M▲ 6.0%€2.97M▲ 4.5%€3.04M▲ 2.6%€3.04M=
Total assets€3.84M▲ 2.4%€3.73M▼ 2.9%€3.70M▼ 0.9%€3.76M▲ 1.6%€3.79M▲ 0.9%
Debt€1.16M▼ 3.8%€887k▼ 23.6%€728k▼ 17.9%€709k▼ 2.5%€744k▲ 5.0%
Working capital€-723k▲ 21.8%€-595k▲ 17.7%€107k€273k▲ 155%€-27k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.79M
Fixed assets
€3.61M ▲ 7.6%
Current assets
€183k ▼ 54.6%
Equity and liabilities €3.79M
Equity
€3.04M =
Provisions
€2k ▼ 39.1%
Debt
€744k ▲ 5.0%
Debt's share of the balance-sheet total rises from 18.9% to 19.6%. Debt is higher.
Key figures and ratios
EBITDA
€220k▼
2024 · €249k
Cash flow
€148k▼
2024 · €172k
Current ratio
0.87▼
2024 · 3.10
Debt to equity
0.24▲
2024 · 0.23
ROE
3.3%▼
2024 · 4.2%
ROA
2.7%▼
2024 · 3.4%
Interest coverage
10.55▼
2024 · 10.78
Debt ≤ 1 year
€210k▲
2024 · €130k
Debt > 1 year
€431k▼
2024 · €480k
Income taxes
€57k▲
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45k | €46k | €46k | €45k | €47k | ▲ 4.0% |
| Other operating charges640/8 | - | €12k | €9k | €4k | €37k | ▲ 821% |
| Gross operating margin9900 | €254k | €299k | €244k | €253k | €257k | ▲ 1.6% |
| Operating profit (loss)9901 | €197k | €241k | €190k | €204k | €173k | ▼ 15.2% |
| Financial income75/76B | - | - | - | €3k | €5k | ▲ 65.3% |
| Recurring financial income75 | - | - | - | €3k | €5k | ▲ 65.3% |
| Financial charges65/66B | - | €657 | €11k | €23k | €21k | ▼ 9.8% |
| Recurring financial charges65 | €1k | €657 | €11k | €23k | €21k | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €195k | €240k | €179k | €184k | €158k | ▼ 14.5% |
| Transfer from deferred taxes780 | - | €1k | €1k | - | €1k | - |
| Income taxes67/77 | €61k | €80k | €53k | €57k | €57k | ▲ 0.4% |
| Profit (loss) for the period9904 | €136k | €161k | €127k | €127k | €101k | ▼ 20.3% |
| Transfer from tax-exempt reserves789 | - | €2k | €2k | - | €2k | - |
| Profit (loss) for the period to be appropriated9905 | €138k | €163k | €129k | €127k | €103k | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.84M | €3.73M | €3.70M | €3.76M | €3.79M | ▲ 0.9% |
| Fixed assets21/28 | €3.49M | €3.44M | €3.40M | €3.35M | €3.61M | ▲ 7.6% |
| Tangible fixed assets22/27 | €3.49M | €3.44M | €3.40M | €3.35M | €3.61M | ▲ 7.6% |
| Land and buildings22 | - | €3.35M | €3.32M | €3.30M | €3.57M | ▲ 8.1% |
| Plant, machinery and equipment23 | - | €59k | €47k | €36k | €26k | ▼ 27.0% |
| Furniture and vehicles24 | - | €36k | €26k | €15k | €12k | ▼ 14.9% |
| Current assets29/58 | €355k | €288k | €299k | €403k | €183k | ▼ 54.6% |
| Amounts receivable after more than one year29 | - | €14k | - | - | - | - |
| Other amounts receivable291 | - | €14k | - | - | - | - |
| Amounts receivable within one year40/41 | €146k | €176k | €76k | €95k | €114k | ▲ 19.7% |
| Trade receivables40 | - | €32k | - | €17k | €37k | ▲ 116% |
| Other amounts receivable41 | - | €143k | €76k | €78k | €77k | ▼ 1.5% |
| Cash at bank and in hand54/58 | €195k | €98k | €223k | €307k | €68k | ▼ 77.8% |
| Deferred charges and accrued income490/1 | - | - | - | €574 | €556 | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.84M | €3.73M | €3.70M | €3.76M | €3.79M | ▲ 0.9% |
| Equity10/15 | €2.68M | €2.84M | €2.97M | €3.04M | €3.04M | = |
| Contributions10/11 | - | €2.15M | €2.15M | €2.15M | €2.15M | = |
| Reserves13 | €531k | €693k | €820k | €897k | €895k | ▼ 0.2% |
| Non-distributable reserves130/1 | - | €200k | €200k | €200k | €200k | = |
| Reserves not available under the articles1311 | - | €200k | €200k | €200k | €200k | = |
| Tax-exempt reserves132 | - | €30k | €28k | €28k | €26k | ▼ 6.7% |
| Distributable reserves133 | - | €462k | €591k | €668k | €668k | = |
| Profit (loss) carried forward14 | €193k | - | - | - | €3k | - |
| Investment grants15 | - | €461 | €317 | €317 | €174 | ▼ 45.1% |
| Provisions and deferred taxes16 | €5k | €4k | €3k | €3k | €2k | ▼ 39.1% |
| Deferred taxes168 | - | €4k | €3k | €3k | €2k | ▼ 39.1% |
| Amounts payable17/49 | €1.16M | €887k | €728k | €709k | €744k | ▲ 5.0% |
| Amounts payable after more than one year17 | - | - | €532k | €480k | €431k | ▼ 10.2% |
| Financial debts170/4 | - | - | €532k | €480k | €425k | ▼ 11.5% |
| Other amounts payable178/9 | - | - | - | - | €6k | - |
| Amounts payable within one year42/48 | €1.08M | €883k | €192k | €130k | €210k | ▲ 61.5% |
| Current portion of amounts payable after more than one year42 | - | - | €51k | €53k | €55k | ▲ 3.8% |
| Trade debts44 | €10k | €858 | €8k | €12k | €30k | ▲ 160% |
| Suppliers440/4 | - | €858 | €8k | €12k | €30k | ▲ 160% |
| Advances received on contracts in progress46 | - | - | €7k | €5k | - | - |
| Taxes, remuneration and social security45 | - | €45k | €5k | €375 | €10k | ▲ 2,646% |
| Taxes450/3 | - | €45k | €5k | €375 | €10k | ▲ 2,646% |
| Other amounts payable47/48 | - | €837k | €121k | €60k | €114k | ▲ 91.0% |
| Accrued charges and deferred income492/3 | - | €4k | €3k | €100k | €104k | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €136k | €161k | €127k | €127k | €101k | ▼ 20.3% |
| + Depreciation and write-downs630 | €45k | €46k | €46k | €45k | €47k | ▲ 4.0% |
| Operating cash flow (approximation) | €181k | €207k | €173k | €172k | €148k | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | €-1 | €-1k | €0 | €-302k | - |
| Change in cash | - | €-97k | €125k | €84k | €-238k | ▼ 386% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Liquidity times 5current ratio 1.56
Current ratio from 0.33 to 1.56; short-term debt falls from €883k to €192k.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Highest result since 2019net €161k ▲18.4%
Operating result €241k, net result €161k, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 1964
Ground area
2,038 m²
Building footprint
622 m²
Volume, LiDAR
4,184 m³
Parcel 25744D0340/00B000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Chaussée de Nivelles 300, 1420 Braine-l'Alleud
since 19642.006.979.587
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744D0340/00B000 | Wallonia | 2,038 m² | 1 · 622 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,227 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
Founded21-02-1964
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.