TRADI · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of TRADI is 0.5% (low). The 2025 annual accounts show equity of €11k and a net result of €150k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 4760 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 4760 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	30-01-2026	1 d early	2026-00027979
30-06-2024	31-01-2025	29-01-2025	2 d early	2025-00024786
30-06-2023	31-01-2024	31-01-2024	on the day	2024-00020971
30-06-2022	31-01-2023	15-02-2023	15 d late	2023-00028204
30-06-2021	31-01-2022	07-02-2022	7 d late	2022-05000514

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.5% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (micro schema)

EBIT marginNot published (micro schema)

Net result€150k+4.9%

Working capital€-27k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~49% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	6.5%	55.4%	better than 16% of 4760 sector peers
Net result	€150k	€38k	better than 92% of 4760 sector peers
Equity	€11k	€64k	better than 21% of 4761 sector peers
Gross operating margin	€221k	€61k	better than 93% of 4753 sector peers
Total assets	€172k	€146k	better than 57% of 4761 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P16

Stable position over 2021-2025 · n=3538-12491

Net result P92

Stable position over 2021-2025 · n=3537-12493

Equity P21

Weakening position over 2021-2025 · n=3543-12499

Gross operating margin P93

Stable position over 2021-2025 · n=3528-12478

Describes the position versus peers, not a forecast.

EBITDA

€219k

+3.8% 21-25

Net profit

€150k

+4.9% 21-25

Cash flow

€165k

+2.6% 21-25

Total assets

€172k

-1.5% 21-25

Equity

€11k

-93.2% 21-25

Working capital

€-27k

- 21-25

Income taxes

€54k

+7.6% 21-25

Dividends

€303k

-3.1% 21-25

Show 9 other metrics

Debt

€161k

+1510.8% 21-25

Debt ≤ 1y

€161k

+1510.8% 21-25

Current ratio

0.83

-93.4% 21-25

Quick ratio

0.82

-93.4% 21-25

Solvency

6.5%

-93.1% 21-25

Debt / equity

14.43

+23682.8% 21-25

ROE

1345.2%

+1448.2% 21-25

ROA

87.2%

+6.4% 21-25

Interest coverage

3171.97

+24.8% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€219k
Net profit	€150k
Cash flow	€165k
Staff costs	-
Income taxes	€54k
Dividends	€303k
Total assets	€172k
Equity	€11k
Debt	€161k
of which ≤ 1y	€161k
of which > 1y	-
Working capital	€-27k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.83
Quick ratio	0.82
Working capital ratio	-16.0%
Solvency	6.5%
Debt / equity	14.43
Long-term debt ratio	-
Interest coverage	3171.97
Gross margin	-
Net margin	-
ROA	87.2%
ROE	1345.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €39k · 22.4% Current assets €133k · 77.6%

Equity & liabilities

Equity €11k · 6.5% Debt €161k · 93.5%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€172k
Fixed assets	21/28	€39k
Intangible fixed assets	21	€5k
Tangible fixed assets	22/27	€34k
Current assets	29/58	€133k
Stocks & contracts in progress	3	€1k
Cash & bank	54/58	€124k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€172k
Equity	10/15	€11k
Contributions / capital	10/11	€5k
Reserves	13	€6k
Amounts payable	17/49	€161k
Amounts payable within one year	42/48	€161k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€221k
Operating result	9901	€204k
Financial charges	65	€69
Result before taxes	9903	€204k
Income taxes	67/77	€54k
Net result for the period	9904	€150k
Result to be appropriated	9905	€150k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

53 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

Sofie Traen
Director
State Gazette act 22047602 (14-04-2022)

Current
01-04-2022 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van hoofdkantoren(70100)
Legal form	Private limited company(610)
Incorporation	28-01-2021
Status	Active
Postal code	8820

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

2 locations

De verbeelding

Burg 45, 8820 TorhoutEetgelegenheden met volledige bediening

since 20212.312.743.977

TRADI

Slingerstraat 8, 8820 TorhoutNiet-gespecialiseerde groothandel

since 20262.387.890.372

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area3,362 m²

Buildings2

Building footprint288 m²

Volume (LiDAR)1,693 m³

Tallest building14.3 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)