TRADGARD
ActiveThe computed 12-month bankruptcy probability of TRADGARD is 2.3% (moderate). The 2024 annual accounts show equity of €69k and a net result of €2k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 5895 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▼-14
Solvency49=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.68 against 1.04 in 2023; short-term debt: 17.9% and cash: 6.7% of total assets), and 75.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
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 2024Solvency, return and age of the figures
Solvency
24.1%
Return on assets
0.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
15 d early
2022
42 d early
2021
40 d early
2020
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€69k▲ 3.4%
2023 · €66k
2020: €21k
2021: €35k
2022: €51k
2023: €66k
2020 → 2024
Total assets
€285k▲ 5.1%
2023 · €271k
2020: €74k
2021: €122k
2022: €126k
2023: €271k
2020 → 2024
Net result
€2k▼ 85.3%
2023 · €15k
2020: €11k
2021: €14k
2022: €16k
2023: €15k
2020 → 2024
Working capital
€-16k
2023 · €3k
2020: €20k
2021: €22k
2022: €38k
2023: €3k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€35k▲ 66.3%€51k▲ 45.3%€66k▲ 29.7%€69k▲ 3.4%
Operating result€13k-€16k▲ 18.9%€22k▲ 34.8%€21k▼ 2.1%€11k▼ 49.7%
Net result€11k-€14k▲ 25.5%€16k▲ 13.6%€15k▼ 4.7%€2k▼ 85.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 50% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285k
Fixed assets
€250k▲ 22.0%
Current assets
€34k▼ 47.8%
Equity and liabilities €285k
Equity
€69k▲ 3.4%
Debt
€216k▲ 5.6%
The debt ratio rises from 75.5% to 75.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▼
2023 · €43k
Cash flow
€34k▼
2023 · €37k
Solvency
24.1%▼
2023 · 24.5%
Current ratio
0.68▼
2023 · 1.04
Quick ratio
0.57▼
2023 · 1.02
Debt / equity
3.15▲
2023 · 3.08
ROE
3.3%▼
2023 · 22.9%
ROA
0.8%▼
2023 · 5.6%
Interest coverage
5.06▼
2023 · 14.58
Debt
€216k▲
2023 · €204k
Debt ≤ 1 year
€51k▼
2023 · €63k
Debt > 1 year
€165k▲
2023 · €141k
Income taxes
€223▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€271k€285k▲
Fixed assets21/28€205k€250k▲
Tangible fixed assets22/27€205k€250k▲
Land and buildings22€168k€232k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€383-
Leasing and similar rights25€32k€15k▼
Current assets29/58€66k€34k▼
Stocks and contracts in progress3€2k€5k▲
Stocks30/36€2k€5k▲
Amounts receivable within one year40/41€14k€6k▼
Trade receivables40€11k€4k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€45k€19k▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€271k€285k▲
Equity10/15€66k€69k▲
Contributions10/11€10k€10k=
Reserves13€56k€59k▲
Distributable reserves133€56k€59k▲
Amounts payable17/49€204k€216k▲
Amounts payable after more than one year17€141k€165k▲
Financial debts170/4€141k€165k▲
Amounts payable within one year42/48€63k€51k▼
Current portion of amounts payable after more than one year42€23k€27k▲
Trade debts44€30k€15k▼
Suppliers440/4€30k€15k▼
Taxes, remuneration and social security45€7k€7k▼
Taxes450/3€7k€7k▼
Other amounts payable47/48€3k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€32k▲
Other operating charges640/8€2k€884▼
Gross operating margin9900€45k€43k▼
Operating profit (loss)9901€21k€11k▼
Financial income75/76B€622€177▼
Recurring financial income75€622€177▼
Financial charges65/66B€4k€8k▲
Recurring financial charges65€3k€8k▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€18k€2k▼
Income taxes67/77€2k€223▼
Profit (loss) for the period9904€15k€2k▼
Profit (loss) for the period to be appropriated9905€15k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€2k▼
Transfer to equity691/2€15k€2k▼
To other reserves6921€15k€2k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼85.3%
Net result drops to €2k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €16k ▲13.6%
Operating result €22k, net result €16k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lummen · 1 establishment unit since 2020
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.
Morgenstraat 183560 LummenGround area
304 m²
Building footprint
101 m²
Volume, LiDAR
504 m³
Parcel 71037A1266/00Y000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRADGARD
since 20202.300.439.231
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A1266/00Y000 | Flanders | 304 m² | 1 · 101 m² | 7.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLummen2.300.439.231
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Of 21,219 companies in sector 81300 we hold annual accounts for 4,363. 3,647 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2020
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.