TRADESCO
ActiveSummary
TRADESCO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.6m and a net result of -€219,427. Equity is shrinking by ~9.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19=
Solvency50▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €390,000 at 30 days acceptable
short-term debt: 0.2% and cash: 1.3% of total assets, and 74.6% of the assets are financed with debt.
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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 · 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
25.4%
Return on assets
-0.7%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€219,427
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-02-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
55 d early
2023
63 d early
2022
51 d early
2021
61 d early
2020
49 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 53 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€7.6m▼ 2.8%
2024 · €7.8m
Total assets
€30.0m▼ 7.1%
2024 · €32.3m
Net result
-€219,427▲ 15.1%
2024 · -€258,472
Working capital
€5.1m▼ 68.4%
2024 · €16.1m
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,510-€593,604-€339,156▲ 42.9%-€236,047▲ 30.4%-€244,726▼ 3.7%
Net result€851,030▲ 95.4%€69,060▼ 91.9%-€191,849-€258,472▼ 34.7%-€219,427▲ 15.1%
Equity€14.0m▲ 6.5%€5.3m▼ 62.2%€8.1m▲ 53.0%€7.8m▼ 3.2%€7.6m▼ 2.8%
Total assets€47.6m▼ 0.1%€41.7m▼ 12.5%€35.1m▼ 15.9%€32.3m▼ 7.8%€30.0m▼ 7.1%
Debt€33.6m▼ 2.7%€36.4m▲ 8.3%€26.9m▼ 25.9%€24.5m▼ 9.2%€22.4m▼ 8.5%
Working capital€21.4m▼ 1.4%€22.2m▲ 3.9%€16.5m▼ 25.8%€16.1m▼ 2.5%€5.1m▼ 68.4%
Staff (FTE)1=000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €244,726 in 2025 against €236,047 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30.0m
Fixed assets
€24.9m ▲ 53.9%
Current assets
€5.1m ▼ 68.2%
Equity and liabilities €30.0m
Equity
€7.6m ▼ 2.8%
Debt
€22.4m ▼ 8.5%
Debt's share of the balance-sheet total falls from 75.7% to 74.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€109,442▼
2024 · €121,238
Cash flow
€134,742▲
2024 · €98,813
Debt to equity
2.93▼
2024 · 3.12
ROE
-2.9%▲
2024 · -3.3%
ROA
-0.7%▲
2024 · -0.8%
Interest coverage
0.17▲
2024 · 0.12
Debt ≤ 1 year
€48,725▲
2024 · €38,511
Debt > 1 year
€22.1m▼
2024 · €24.4m
Income taxes
€4,718▼
2024 · €155,330
A ratio outside any meaningful range has been withheld (balance sheet total €30.0m, equity €7.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 137 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Large
- solvency 10 to 30%
- a small loss
- without age
2.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 137 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €362 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €454,660 | €307,460 | €350,213 | €357,284 | €354,169 | ▼ 0.9% |
| Other operating charges640/8 | - | €26,469 | €26,364 | €36,873 | €48,373 | ▲ 31.2% |
| Non-recurring operating charges66A | - | €0 | - | €8,982 | €0 | ▼ 100% |
| Gross operating margin9900 | €535,234 | -€259,676 | €37,421 | €167,093 | €157,816 | ▼ 5.6% |
| Operating profit (loss)9901 | €22,510 | -€593,604 | -€339,156 | -€236,047 | -€244,726 | ▼ 3.7% |
| Financial income75/76B | - | €1.6m | €1.6m | €1.2m | €662,153 | ▼ 44.1% |
| Recurring financial income75 | €1.6m | €1.6m | €1.6m | €1.2m | €662,153 | ▼ 44.1% |
| Financial charges65/66B | - | €760,510 | €1.3m | €1.1m | €632,135 | ▼ 39.9% |
| Recurring financial charges65 | €688,298 | €760,510 | €1.3m | €1.1m | €632,135 | ▼ 39.9% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €923,030 | €246,355 | -€11,748 | -€103,142 | -€214,709 | ▼ 108% |
| Income taxes67/77 | €72,000 | €177,296 | €180,101 | €155,330 | €4,718 | ▼ 97.0% |
| Profit (loss) for the period9904 | €851,030 | €69,060 | -€191,849 | -€258,472 | -€219,427 | ▲ 15.1% |
| Profit (loss) for the period to be appropriated9905 | €851,030 | €69,060 | -€191,849 | -€258,472 | -€219,427 | ▲ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47.6m | €41.7m | €35.1m | €32.3m | €30.0m | ▼ 7.1% |
| Formation expenses20 | - | - | €19,570 | €14,933 | €10,295 | ▼ 31.1% |
| Fixed assets21/28 | €25.8m | €18.2m | €18.3m | €16.2m | €24.9m | ▲ 53.9% |
| Intangible fixed assets21 | €1,080 | €557 | €34 | €0 | - | - |
| Tangible fixed assets22/27 | €25.8m | €18.2m | €18.3m | €16.2m | €15.9m | ▼ 1.6% |
| Land and buildings22 | - | €15.6m | €15.8m | €15.6m | €15.4m | ▼ 1.1% |
| Furniture and vehicles24 | - | €2.6m | €2.5m | €570,213 | €484,671 | ▼ 15.0% |
| Financial fixed assets28 | - | - | - | - | €9.0m | - |
| Current assets29/58 | €21.8m | €23.5m | €16.7m | €16.1m | €5.1m | ▼ 68.2% |
| Amounts receivable after more than one year29 | - | €20.0m | €15.0m | €0 | - | - |
| Other amounts receivable291 | - | €20.0m | €15.0m | €0 | - | - |
| Amounts receivable within one year40/41 | €86,874 | €59,479 | €74,370 | €29,460 | €187,967 | ▲ 538% |
| Trade receivables40 | - | €57,579 | €70,062 | €28,910 | €7,967 | ▼ 72.4% |
| Other amounts receivable41 | - | €1,900 | €4,309 | €550 | €180,000 | ▲ 32,627% |
| Current investments50/53 | - | - | - | - | €4.5m | - |
| Cash at bank and in hand54/58 | €105,724 | €1.8m | €94,443 | €15.8m | €402,121 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | - | €1.6m | €1.5m | €324,376 | €44,433 | ▼ 86.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47.6m | €41.7m | €35.1m | €32.3m | €30.0m | ▼ 7.1% |
| Equity10/15 | €14.0m | €5.3m | €8.1m | €7.8m | €7.6m | ▼ 2.8% |
| Contributions10/11 | - | €5.0m | €8.0m | €8.0m | €8.0m | = |
| Revaluation surpluses12 | - | €144,380 | €144,380 | €144,380 | €144,380 | = |
| Reserves13 | €143,351 | €52,493 | €52,493 | €52,493 | €52,493 | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €52,493 | €52,493 | €52,493 | €52,493 | = |
| Profit (loss) carried forward14 | -€3,929 | €67,621 | -€124,228 | -€382,700 | -€602,127 | ▼ 57.3% |
| Amounts payable17/49 | €33.6m | €36.4m | €26.9m | €24.5m | €22.4m | ▼ 8.5% |
| Amounts payable after more than one year17 | €32.6m | €34.5m | €25.9m | €24.4m | €22.1m | ▼ 9.4% |
| Financial debts170/4 | - | €12.5m | €9.5m | €12.5m | €12.5m | = |
| Other amounts payable178/9 | - | €22.0m | €16.4m | €11.9m | €9.6m | ▼ 19.3% |
| Amounts payable within one year42/48 | €393,241 | €1.2m | €187,717 | €38,511 | €48,725 | ▲ 26.5% |
| Current portion of amounts payable after more than one year42 | - | €1.0m | €0 | - | - | - |
| Trade debts44 | €116,852 | €116,486 | €47,717 | €38,469 | €47,836 | ▲ 24.4% |
| Suppliers440/4 | - | €116,486 | €47,717 | €38,469 | €47,836 | ▲ 24.4% |
| Taxes, remuneration and social security45 | - | €0 | €140,000 | €42 | €0 | ▼ 100% |
| Taxes450/3 | - | €0 | €140,000 | €42 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €120,000 | €0 | - | €888 | - |
| Accrued charges and deferred income492/3 | - | €623,720 | €860,443 | €2,796 | €217,347 | ▲ 7,673% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €851,030 | €69,060 | -€191,849 | -€258,472 | -€219,427 | ▲ 15.1% |
| + Depreciation and write-downs630 | €454,660 | €307,460 | €350,213 | €357,284 | €354,169 | ▼ 0.9% |
| Operating cash flow (approximation) | €1.3m | €376,519 | €158,364 | €98,813 | €134,742 | ▲ 36.4% |
| Investment in fixed assets (approximation) | - | €7.3m | -€514,099 | €1.8m | -€9.1m | ▼ 595% |
| Change in cash | - | €1.7m | -€1.7m | €15.7m | -€15.4m | ▼ 198% |
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
2026
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity times 5current ratio 419.09
Current ratio from 88.93 to 419.09; short-term debt falls from €187,717 to €38,511.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity times 5current ratio 88.93
Current ratio from 18.99 to 88.93; short-term debt falls from €1.2m to €187,717.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2019net €851,030 ▲95.4%
Operating result €22,510, net result €851,030, both a record.
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €435,598
Net result €435,598 after one loss-making year.
30-09
Financial
Liquidity times 197current ratio 51.36
Current ratio from 0.26 to 51.36; short-term debt falls from €2.7m to €431,368.
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-05
State Gazette act
Incorporation · Demerger
Founding capital · Share issue
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year
Financial milestoneState Gazette actNBB 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
No directors read yet: 0 of 12 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2012
Ground area
912 m²
Building footprint
347 m²
Volume, LiDAR
779 m³
Parcel 31039E0089/00K002, Flanders · tallest building 10.2 m. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
Tradesco
since 20122.260.791.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0089/00K002 | Flanders | 912 m² | 1 · 347 m² | 10.2 m |
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.
Structure & network
Part of the group
SAKOLAKI
40 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- SAKOLAKI
- TRADESCO
Highest known parent: SAKOLAKI. The sources do not say who stands above it.
Owners 1
- SAKOLAKIparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300JITZ7D4GNPCB07
Company details
Identification
Legal formPrivate limited company
Founded09-06-2005
Fiscal year end30-09
Contact
E-mail
johan@olste.beKnokke-Heist
Phone
050/67.72.60Knokke-Heist
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874365423
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.