TRADUBEL
ActiveSummary
TRADUBEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490k and a net result of €400k. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-7
Solvency46▼-54
Growth63=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 56.32 in 2024; short-term debt: 79.1% and cash: 52.2% of total assets), and 79.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
20.8%
Return on assets
16.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-08-2026, 9 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
9 d late
2024
10 d early
2023
38 d late
2022
8 d early
2021
15 d late
2020
105 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.30M▲ 11.3%
2022 · €1.17M
2021: €1.29M
2022: €1.17M▼ -9.5% vs 2021lowest in 3 years
2023: €1.30M▲ +11.3% vs 2022highest in 3 years
2021 → 2023
EBIT margin
44.5%▲ 2.4pp
2022 · 42.1%
2021: 14.8%lowest in 3 years
2022: 42.1%▲ +184% vs 2021
2023: 44.5%▲ +5.6% vs 2022highest in 3 years
2021 → 2023
Net result
€400k▼ 8.3%
2024 · €436k
2018: €56k
2019: €183k▲ +226% vs 2018
2020: €77k▼ -57.9% vs 2019
2021: €7k▼ -90.6% vs 2020lowest in 8 years
2022: €491k▲ +6657% vs 2021highest in 8 years
2023: €367k▼ -25.2% vs 2022
2024: €436k▲ +18.9% vs 2023
2025: €400k▼ -8.3% vs 2024
2018 → 2025
Working capital
€414k▼ 77.1%
2024 · €1.81M
2018: €332klowest in 8 years
2019: €484k▲ +45.8% vs 2018
2020: €518k▲ +7.2% vs 2019
2021: €561k▲ +8.2% vs 2020
2022: €1.07M▲ +90.3% vs 2021
2023: €1.38M▲ +29.6% vs 2022
2024: €1.81M▲ +30.6% vs 2023highest in 8 years
2025: €414k▼ -77.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.29M-€1.17M▼ 9.5%€1.30M▲ 11.3%
2021: €1.29M
2022: €1.17M▼ -9.5% vs 2021lowest in 3 years
2023: €1.30M▲ +11.3% vs 2022highest in 3 years
Equity€598k-€1.09M▲ 82.1%€1.45M▲ 33.7%€1.89M▲ 30.0%€490k▼ 74.1%
2021: €598k
2022: €1.09M▲ +82.1% vs 2021
2023: €1.45M▲ +33.7% vs 2022
2024: €1.89M▲ +30.0% vs 2023highest in 5 years
2025: €490k▼ -74.1% vs 2024lowest in 5 years
Operating result€191k-€492k▲ 157%€578k▲ 17.6%€629k▲ 8.9%€559k▼ 11.2%
2021: €191klowest in 5 years
2022: €492k▲ +157% vs 2021
2023: €578k▲ +17.6% vs 2022
2024: €629k▲ +8.9% vs 2023highest in 5 years
2025: €559k▼ -11.2% vs 2024
Net result€7k-€491k▲ 6,657%€367k▼ 25.2%€436k▲ 18.9%€400k▼ 8.3%
2021: €7klowest in 5 years
2022: €491k▲ +6657% vs 2021highest in 5 years
2023: €367k▼ -25.2% vs 2022
2024: €436k▲ +18.9% vs 2023
2025: €400k▼ -8.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.36M
Fixed assets
€79k ▼ 8.8%
Current assets
€2.28M ▲ 24.1%
Equity and liabilities €2.36M
Equity
€490k ▼ 74.1%
Debt
€1.87M ▲ 5,220%
Debt's share of the balance-sheet total rises from 1.8% to 79.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€590k▼
2024 · €651k
Cash flow
€431k▼
2024 · €457k
Current ratio
1.22▼
2024 · 56.32
Debt to equity
3.81▲
2024 · 0.02
ROE
81.5%▲
2024 · 23.1%
ROA
16.9%▼
2024 · 22.6%
Interest coverage
270.55▼
2024 · 273.50
Debt ≤ 1 year
€1.87M▲
2024 · €33k
Income taxes
€174k▼
2024 · €206k
Staff costs
€251k▼
2024 · €307k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.93M€2.36M▲
Formation expenses20-€0
Fixed assets21/28€87k€79k▼
Tangible fixed assets22/27€82k€75k▼
Furniture and vehicles24€82k€75k▼
Financial fixed assets28€4k€4k=
Current assets29/58€1.84M€2.28M▲
Amounts receivable within one year40/41€152k€147k▼
Trade receivables40€150k€142k▼
Other amounts receivable41€2k€6k▲
Current investments50/53€900k€900k=
Cash at bank and in hand54/58€778k€1.23M▲
Deferred charges and accrued income490/1€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.93M€2.36M▲
Equity10/15€1.89M€490k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€406k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133-€400k
Profit (loss) carried forward14€1.82M€22k▼
Amounts payable17/49€35k€1.87M▲
Amounts payable within one year42/48€33k€1.87M▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€31k€606k▲
Taxes450/3-€580k
Remuneration and social security454/9€31k€26k▼
Other amounts payable47/48-€1.26M
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€307k€251k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€31k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€793€470▼
Gross operating margin9900€961k€842k▼
Operating profit (loss)9901€629k€559k▼
Financial income75/76B€15k€17k▲
Recurring financial income75€15k€17k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€642k€574k▼
Income taxes67/77€206k€174k▼
Profit (loss) for the period9904€436k€400k▼
Profit (loss) for the period to be appropriated9905€436k€400k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.82M€2.22M▲
Profit (loss) brought forward from the previous period14P€1.39M€1.82M▲
Transfer to equity691/2-€400k
To other reserves6921-€400k
Profit to be distributed694/7-€1.80M
Return on contributions (dividend)694-€1.80M
Social balance
Average headcount (FTE)90874.03.0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.29M | €1.17M | €1.30M | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €464k | €333k | €373k | - | - | - |
| Remuneration, social security and pensions62 | €600k | €319k | €331k | €307k | €251k | ▼ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €21k | €23k | €21k | €31k | ▲ 46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-3k | €0 | - | - | - | - |
| Other operating charges640/8 | €5k | €2k | €2k | €2k | €1k | ▼ 36.4% |
| Non-recurring operating charges66A | €415 | €612 | €756 | €793 | €470 | ▼ 40.7% |
| Gross operating margin9900 | €826k | €834k | €935k | €961k | €842k | ▼ 12.3% |
| Operating profit (loss)9901 | €191k | €492k | €578k | €629k | €559k | ▼ 11.2% |
| Financial income75/76B | €64 | €29 | €6 | €15k | €17k | ▲ 17.3% |
| Recurring financial income75 | €64 | €29 | €6 | €15k | €17k | ▲ 17.3% |
| Financial charges65/66B | €3k | €2k | €2k | €2k | €2k | ▼ 8.4% |
| Recurring financial charges65 | €3k | €2k | €2k | €2k | €2k | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €189k | €489k | €576k | €642k | €574k | ▼ 10.6% |
| Income taxes67/77 | €182k | €-1k | €209k | €206k | €174k | ▼ 15.4% |
| Profit (loss) for the period9904 | €7k | €491k | €367k | €436k | €400k | ▼ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €7k | €491k | €367k | €436k | €400k | ▼ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €645k | €1.18M | €1.55M | €1.93M | €2.36M | ▲ 22.6% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €43k | €22k | €74k | €87k | €79k | ▼ 8.8% |
| Tangible fixed assets22/27 | €34k | €13k | €69k | €82k | €75k | ▼ 9.2% |
| Furniture and vehicles24 | €34k | €13k | €69k | €82k | €75k | ▼ 9.2% |
| Financial fixed assets28 | €8k | €8k | €4k | €4k | €4k | = |
| Current assets29/58 | €602k | €1.16M | €1.48M | €1.84M | €2.28M | ▲ 24.1% |
| Amounts receivable within one year40/41 | €156k | €115k | €157k | €152k | €147k | ▼ 2.7% |
| Trade receivables40 | €151k | €110k | €153k | €150k | €142k | ▼ 5.5% |
| Other amounts receivable41 | €5k | €5k | €4k | €2k | €6k | ▲ 259% |
| Current investments50/53 | - | - | €300k | €900k | €900k | = |
| Cash at bank and in hand54/58 | €447k | €1.05M | €1.02M | €778k | €1.23M | ▲ 58.3% |
| Deferred charges and accrued income490/1 | - | - | €363 | €10k | €3k | ▼ 72.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €645k | €1.18M | €1.55M | €1.93M | €2.36M | ▲ 22.6% |
| Equity10/15 | €598k | €1.09M | €1.45M | €1.89M | €490k | ▼ 74.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €406k | ▲ 6,452% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | - | - | - | €400k | - |
| Profit (loss) carried forward14 | €530k | €1.02M | €1.39M | €1.82M | €22k | ▼ 98.8% |
| Amounts payable17/49 | €48k | €94k | €95k | €35k | €1.87M | ▲ 5,220% |
| Amounts payable within one year42/48 | €42k | €93k | €93k | €33k | €1.87M | ▲ 5,619% |
| Trade debts44 | €7k | €5k | €8k | €1k | €2k | ▲ 39.3% |
| Suppliers440/4 | €7k | €5k | €8k | €1k | €2k | ▲ 39.3% |
| Taxes, remuneration and social security45 | €35k | €89k | €85k | €31k | €606k | ▲ 1,826% |
| Taxes450/3 | - | €48k | €48k | - | €580k | - |
| Remuneration and social security454/9 | €35k | €41k | €37k | €31k | €26k | ▼ 17.7% |
| Other amounts payable47/48 | - | - | - | - | €1.26M | - |
| Accrued charges and deferred income492/3 | €6k | €643 | €2k | €3k | €3k | ▲ 26.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €491k | €367k | €436k | €400k | ▼ 8.3% |
| + Depreciation and write-downs630 | €32k | €21k | €23k | €21k | €31k | ▲ 46.1% |
| Operating cash flow (approximation) | €40k | €512k | €390k | €457k | €431k | ▼ 5.8% |
| Investment in fixed assets (approximation) | - | €0 | €-75k | €-34k | €-23k | ▲ 31.9% |
| Change in cash | - | €598k | €-26k | €-241k | €454k | ▲ 288% |
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
09-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 9 days late
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 56.32
Current ratio from 15.81 to 56.32; short-term debt falls from €93k to €33k.
07-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 38 days late
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €491k ▲6,657%
Net result €491k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.09M ▲82.1%
5 profitable years in a row build equity to €1.09M.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2021
31-12
Financial
Weakest financial yearnet €7k ▼90.6%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 105 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €514k ▲55.2%
2 profitable years in a row build equity to €514k.
Show earlier events
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
11-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 103 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Maasmechelen · 2 establishment units since 1995
Ground area
322 m²
Building footprint
71 m²
Volume, LiDAR
421 m³
Parcel 73084A0301/00P000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Langeweidestraat(U) 18, 3631 Maasmechelen
since 19952.059.300.102
Autobahn E40 zn, 4731 Raeren
since 19962.059.300.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73084A0301/00P000 | Flanders | 322 m² | 1 · 71 m² | 6.5 m · 2 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.
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Of 4,528 companies in sector 74301 we hold annual accounts for 720. 406 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-09-1992
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.