TRADES
ActiveSummary
The computed 12-month bankruptcy probability of TRADES is 1.5% (moderate). The 2025 annual accounts show negative equity (€-47k) and a net result of €-15k. Equity is shrinking by ~48.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 1851 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-71
Solvency0▼-16
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.62 against 0.84 in 2024; short-term debt: 139.2% and cash: 0.4% of total assets), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-41.1%
Return on assets
-13.2%
Age of the figures
15 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-47k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
5 d late
2023
40 d early
2022
43 d early
2021
on the day
2020
18 d early
2019
28 d late
← 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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-47k▼ 47.2%
2024 · €-32k
2019: €49k
2020: €68k
2021: €71k
2022: €30k
2023: €-43k
2024: €-32k
2019 → 2025
Total assets
€114k▼ 67.6%
2024 · €350k
2019: €426k
2020: €474k
2021: €455k
2022: €454k
2023: €391k
2024: €350k
2019 → 2025
Net result
€-15k
2024 · €11k
2019: €-6k
2020: €20k
2021: €3k
2022: €-41k
2023: €-72k
2024: €11k
2019 → 2025
Working capital
€-61k▼ 1.9%
2024 · €-60k
2019: €17k
2020: €35k
2021: €42k
2022: €-1k
2023: €-90k
2024: €-60k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€30k▼ 58.4%€-43k€-32k▲ 25.7%€-47k▼ 47.2%
Operating result€6k-€-39k€-70k▼ 77.6%€14k€-13k
Net result€3k-€-41k€-72k▼ 74.4%€11k€-15k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€16k ▼ 44.8%
Current assets
€97k ▼ 69.6%
Key figures and ratios
EBITDA
€-380▼
2024 · €28k
Cash flow
€-2k▼
2024 · €24k
Solvency
-41.1%▼
2024 · -9.1%
Current ratio
0.62▼
2024 · 0.84
Debt to equity
-3.43▲
2024 · -12.05
ROA
-13.2%▼
2024 · 3.1%
Interest coverage
-0.26▼
2024 · 8.95
Debt
€160k▼
2024 · €382k
Debt ≤ 1 year
€158k▼
2024 · €381k
Staff costs
€119k▲
2024 · €88k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€350k€114k▼
Fixed assets21/28€29k€16k▼
Tangible fixed assets22/27€29k€16k▼
Furniture and vehicles24€29k€16k▼
Financial fixed assets28€0-
Current assets29/58€321k€97k▼
Amounts receivable within one year40/41€314k€90k▼
Trade receivables40€51k€33k▼
Other amounts receivable41€263k€57k▼
Cash at bank and in hand54/58-€399
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€350k€114k▼
Equity10/15€-32k€-47k▼
Contributions10/11€56k€56k=
Profit (loss) carried forward14€-87k€-102k▼
Amounts payable17/49€382k€160k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€381k€158k▼
Current portion of amounts payable after more than one year42€3k€0▼
Financial debts43€275€0▼
Credit institutions430/8€275€0▼
Trade debts44€46k€38k▼
Suppliers440/4€46k€38k▼
Taxes, remuneration and social security45€73k€58k▼
Taxes450/3€58k€52k▼
Remuneration and social security454/9€15k€6k▼
Other amounts payable47/48€259k€62k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€30k€0▼
Remuneration, social security and pensions62€88k€119k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€16k€27k▲
Gross operating margin9900€131k€146k▲
Operating profit (loss)9901€14k€-13k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€11k€-15k▼
Profit (loss) for the period9904€11k€-15k▼
Profit (loss) for the period to be appropriated9905€11k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-102k▼
Profit (loss) brought forward from the previous period14P€-98k€-87k▲
Social balance
Average headcount (FTE)90872.22.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
30-06
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 54 days late
2017
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Anzegem · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Langestraat 518570 AnzegemGround area
146 m²
Building footprint
142 m²
Volume, LiDAR
804 m³
Parcel 34002D0380/00B002, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRADES BVBA
since 19972.080.955.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002D0380/00B002 | Flanders | 146 m² | 1 · 142 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DORUKAY
BE 0663.666.872
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AUTO 30
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BHFco
BE 0686.976.368
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BAYOSSAM TRANS
BE 0895.777.578
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RUN EXPRESS LOGISTICS
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 5,491 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-01-1997
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
77120Rental and leasing activities
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.