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TRADRL

Active
Private limited companyfounded 20214 yrs activeHenri Stacquetstraat 19, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0779.404.106
Summary

TRADRL has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85,856 and a net result of €85,822. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 50% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency76▼-15
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.92 in 2023; short-term debt: 49.3% and cash: 96.5% of total assets), and 49.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 08-07-2025, 23 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
23 d early
2023
28 d late
2022
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 December 2021, TRADRL was incorporated as a Private limited company.1 Total assets went from EUR 149,588 in 2022 to EUR 169,357 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€85,856▼ 43.2%
2023 · €151,210
Total assets
€169,357▼ 25.7%
2023 · €228,002
Net result
€85,822▲ 48.4%
2023 · €57,829
Working capital
€81,735▼ 44.6%
2023 · €147,608
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€123,478-€80,050▼ 35.2%€105,915▲ 32.3%
Net result€90,881above the sector's middle half-€57,829above the sector's middle half▼ 36.4%€85,822above the sector's middle half▲ 48.4%
Equity€93,381within the sector's middle half-€151,210above the sector's middle half▲ 61.9%€85,856within the sector's middle half▼ 43.2%
Total assets€149,588within the sector's middle half-€228,002within the sector's middle half▲ 52.4%€169,357within the sector's middle half▼ 25.7%
Debt€56,208-€76,792▲ 36.6%€83,501▲ 8.7%
Working capital€87,590above the sector's middle half-€147,608above the sector's middle half▲ 68.5%€81,735above the sector's middle half▼ 44.6%
Solvency62.4%within the sector's middle half-66.3%within the sector's middle half▲ 3.9pp50.7%within the sector's middle half▼ 15.6pp
Current ratio2.56within the sector's middle half-2.92within the sector's middle half▲ 0.361.98within the sector's middle half▼ 0.94
Return on assets (ROA)60.8%above the sector's middle half-25.4%above the sector's middle half▼ 35.4pp50.7%above the sector's middle half▲ 25.3pp
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2022: €123,478€123,478Net result 2022: €90,881€90,881Operating result 2023: €80,050€80,050Net result 2023: €57,829€57,829Operating result 2024: €105,915€105,915Net result 2024: €85,822€85,822202220232024€0€50,000€100,000Operating result 2022: €123,478€123,000Net result 2022: €90,881€90,900Operating result 2023: €80,050€80,000Net result 2023: €57,829€57,800Operating result 2024: €105,915€106,000Net result 2024: €85,822€85,800202220232024
The operating result recovers in 2024; 2024 is 32% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169,357
Fixed assets €4,121 ▲ 14.4%
Current assets €165,236 ▼ 26.4%
Equity and liabilities €169,357
Equity €85,856 ▼ 43.2%
Debt €83,501 ▲ 8.7%
Debt's share of the balance-sheet total rises from 33.7% to 49.3%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€108,664▲
2023 · €82,240
Cash flow
€88,572▲
2023 · €60,019
Debt to equity
0.97▲
2023 · 0.51
ROE
100.0%▲
2023 · 38.2%
Interest coverage
36.64▼
2023 · 101.23
Debt ≤ 1 year
€83,501▲
2023 · €76,792
Income taxes
€17,127▼
2023 · €21,409
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€228,002€169,357▼
Fixed assets21/28€3,602€4,121▲
Tangible fixed assets22/27€3,602€4,121▲
Furniture and vehicles24€3,602€3,093▼
Other tangible fixed assets26-€1,027
Current assets29/58€224,400€165,236▼
Amounts receivable within one year40/41€51,740-
Other amounts receivable41€51,740-
Cash at bank and in hand54/58€171,795€163,458▼
Deferred charges and accrued income490/1€864€1,778▲
Equity and liabilities
Total equity and liabilities10/49€228,002€169,357▼
Equity10/15€151,210€85,856▼
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€148,710€83,356▼
Amounts payable17/49€76,792€83,501▲
Amounts payable within one year42/48€76,792€83,501▲
Trade debts44€870€2,538▲
Suppliers440/4€870€2,538▲
Taxes, remuneration and social security45€75,904€55,711▼
Taxes450/3€75,904€55,711▼
Other amounts payable47/48€17€25,252▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,190€2,750▲
Other operating charges640/8€604€530▼
Gross operating margin9900€82,844€109,195▲
Operating profit (loss)9901€80,050€105,915▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€812€2,966▲
Recurring financial charges65€812€2,966▲
Profit (loss) for the period before taxes9903€79,238€102,949▲
Income taxes67/77€21,409€17,127▼
Profit (loss) for the period9904€57,829€85,822▲
Profit (loss) for the period to be appropriated9905€57,829€85,822▲
Appropriation of the result
Profit (loss) to be appropriated9906€148,710€234,532▲
Profit (loss) brought forward from the previous period14P€90,881€148,710▲
Profit to be distributed694/7-€151,176
Return on contributions (dividend)694-€151,176

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,632€2,190€2,750▲ 25.6%
Other operating charges640/8€1,129€604€530▼ 12.3%
Gross operating margin9900€126,239€82,844€109,195▲ 31.8%
Operating profit (loss)9901€123,478€80,050€105,915▲ 32.3%
Financial income75/76B€255€1€0▼ 98.0%
Recurring financial income75€255€1€0▼ 98.0%
Financial charges65/66B€204€812€2,966▲ 265%
Recurring financial charges65€204€812€2,966▲ 265%
Profit (loss) for the period before taxes9903€123,530€79,238€102,949▲ 29.9%
Income taxes67/77€32,649€21,409€17,127▼ 20.0%
Profit (loss) for the period9904€90,881€57,829€85,822▲ 48.4%
Profit (loss) for the period to be appropriated9905€90,881€57,829€85,822▲ 48.4%
Line202220232024Change
Assets
Total assets20/58€149,588€228,002€169,357▼ 25.7%
Fixed assets21/28€5,791€3,602€4,121▲ 14.4%
Tangible fixed assets22/27€5,791€3,602€4,121▲ 14.4%
Furniture and vehicles24€5,791€3,602€3,093▼ 14.1%
Other tangible fixed assets26--€1,027-
Current assets29/58€143,797€224,400€165,236▼ 26.4%
Amounts receivable within one year40/41€3€51,740--
Other amounts receivable41€3€51,740--
Cash at bank and in hand54/58€143,774€171,795€163,458▼ 4.9%
Deferred charges and accrued income490/1€21€864€1,778▲ 106%
Equity and liabilities
Total equity and liabilities10/49€149,588€228,002€169,357▼ 25.7%
Equity10/15€93,381€151,210€85,856▼ 43.2%
Contributions10/11€2,500€2,500€2,500=
Profit (loss) carried forward14€90,881€148,710€83,356▼ 43.9%
Amounts payable17/49€56,208€76,792€83,501▲ 8.7%
Amounts payable within one year42/48€56,208€76,792€83,501▲ 8.7%
Trade debts44€1,095€870€2,538▲ 192%
Suppliers440/4€1,095€870€2,538▲ 192%
Taxes, remuneration and social security45€49,958€75,904€55,711▼ 26.6%
Taxes450/3€49,958€75,904€55,711▼ 26.6%
Other amounts payable47/48€5,154€17€25,252▲ 145,444%
Line202220232024Change
Profit (loss) for the period9904€90,881€57,829€85,822▲ 48.4%
+ Depreciation and write-downs630€1,632€2,190€2,750▲ 25.6%
Operating cash flow (approximation)€92,513€60,019€88,572▲ 47.6%
Investment in fixed assets (approximation)-€0-€3,269-
Change in cash-€28,022-€8,338▼ 130%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial Weakest financial yearnet €57,829 ▼36.4%
Net result drops to €57,829, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €150,000Eq €151,210 ▲61.9%
2 profitable years in a row build equity to €151,210.
27-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Schaarbeek · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
223 m²
Building footprint
112 m²
Volume, LiDAR
1,486 m³
Parcel 21904B0476/00M002, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Henri Stacquetstraat 19, 1030 Schaarbeek
Other professional, scientific and technical activities
since 20212.381.711.769
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21904B0476/00M002 Brussels 223 m² 1 · 112 m² 17.4 m · 5 fl.
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.

Recognitions · licences · registrations

Legal Entity Identifier

2549002VHG2B9FZ95N63
live in the LEI register

Similar companies · same sector, comparable size

Of 4,526 companies in sector 74301 we hold annual accounts for 720. 615 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded27-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0779404106
Also 9925:BE0779404106
Registered 13-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.