TRADITION
ActiveSummary
The computed 12-month bankruptcy probability of TRADITION is 13.6% (high). The 2024 annual accounts show negative equity (-€48,528) and a net result of -€31,771. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its 2024 accounts 55 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover and EBIT margin not published: the micro schema does not require them.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 13.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 7,638 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.
| Line | 2024 |
|---|---|
| Non-recurring operating charges66A | €27,052 |
| Gross operating margin9900 | -€4,720 |
| Operating profit (loss)9901 | -€31,771 |
| Profit (loss) for the period before taxes9903 | -€31,771 |
| Profit (loss) for the period9904 | -€31,771 |
| Profit (loss) for the period to be appropriated9905 | -€31,771 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1,307 | |
| Current assets29/58 | €1,307 | |
| Cash at bank and in hand54/58 | €1,307 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1,307 | |
| Equity10/15 | -€48,528 | |
| Profit (loss) carried forward14 | -€48,528 | |
| Amounts payable17/49 | €49,835 | |
| Amounts payable within one year42/48 | €49,835 | |
| Trade debts44 | €26,001 | |
| Suppliers440/4 | €26,001 | |
| Taxes, remuneration and social security45 | €1,449 | |
| Taxes450/3 | €1,449 | |
| Other amounts payable47/48 | €22,385 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€31,771 |
| Operating cash flow (approximation) | -€31,771 |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0119/00G003 | Brussels | 83 m² | 1 · 86 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
1 siteCompany details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.