TRADWARE
ActiveSummary
TRADWARE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,949 and a net result of €7,001. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 31.07 against 11.87 in 2024; short-term debt: 3.1% and cash: 8% of total assets), and 3.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
96.8%
Return on assets
5.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
44 d early
2023
51 d early
2022
46 d early
2021
45 d early
2020
23 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€123,949▼ 4.4%
2024 · €129,678
Total assets
€128,031▼ 11.0%
2024 · €143,901
Net result
€7,001▼ 40.0%
2024 · €11,672
Working capital
€121,227▲ 0.5%
2024 · €120,658
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
Line20212022202320242025
Operating result€28,630▼ 27.3%€18,611▼ 35.0%€20,332▲ 9.3%€16,885▼ 17.0%€10,673▼ 36.8%
Net result€18,772within the sector's middle half▼ 27.9%€12,259within the sector's middle half▼ 34.7%€13,179within the sector's middle half▲ 7.5%€11,672within the sector's middle half▼ 11.4%€7,001within the sector's middle half▼ 40.0%
Equity€143,271above the sector's middle half▼ 7.2%€135,564above the sector's middle half▼ 5.4%€133,375above the sector's middle half▼ 1.6%€129,678above the sector's middle half▼ 2.8%€123,949above the sector's middle half▼ 4.4%
Total assets€189,293within the sector's middle half▲ 17.1%€169,442within the sector's middle half▼ 10.5%€156,920within the sector's middle half▼ 7.4%€143,901within the sector's middle half▼ 8.3%€128,031within the sector's middle half▼ 11.0%
Debt€46,022▲ 534%€33,878▼ 26.4%€23,545▼ 30.5%€14,223▼ 39.6%€4,081▼ 71.3%
Working capital€133,681above the sector's middle half▼ 13.5%€126,253above the sector's middle half▼ 5.6%€124,246above the sector's middle half▼ 1.6%€120,658above the sector's middle half▼ 2.9%€121,227above the sector's middle half▲ 0.5%
Solvency75.7%above the sector's middle half▼ 19.8pp80.0%above the sector's middle half▲ 4.3pp85.0%above the sector's middle half▲ 5.0pp90.1%above the sector's middle half▲ 5.1pp96.8%above the sector's middle half▲ 6.7pp
Current ratio9.70above the sector's middle half▼ 12.8111.26above the sector's middle half▲ 1.5612.13above the sector's middle half▲ 0.8711.87above the sector's middle half▼ 0.2631.07above the sector's middle half▲ 19.20
Return on assets (ROA)9.9%within the sector's middle half▼ 6.2pp7.2%within the sector's middle half▼ 2.7pp8.4%within the sector's middle half▲ 1.2pp8.1%within the sector's middle half▼ 0.3pp5.5%within the sector's middle half▼ 2.6pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,031
Fixed assets
€2,772 ▼ 77.2%
Current assets
€125,258 ▼ 4.9%
Equity and liabilities €128,031
Equity
€123,949 ▼ 4.4%
Debt
€4,081 ▼ 71.3%
Debt's share of the balance-sheet total falls from 9.9% to 3.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,043▼
2024 · €26,254
Cash flow
€16,370▼
2024 · €21,041
Debt to equity
0.03▼
2024 · 0.11
ROE
5.6%▼
2024 · 9.0%
Interest coverage
26.31▼
2024 · 50.02
Debt ≤ 1 year
€4,031▼
2024 · €11,102
Income taxes
€3,044▼
2024 · €4,754
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
| 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 34,679 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7,600 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,597 | €9,369 | €9,369 | €9,369 | €9,369 | = |
| Other operating charges640/8 | €101 | €102 | €115 | €138 | €160 | ▲ 15.9% |
| Gross operating margin9900 | €35,328 | €28,082 | €29,817 | €26,392 | €20,203 | ▼ 23.5% |
| Operating profit (loss)9901 | €28,630 | €18,611 | €20,332 | €16,885 | €10,673 | ▼ 36.8% |
| Financial income75/76B | €233 | €546 | - | €66 | €132 | ▲ 101% |
| Recurring financial income75 | €233 | €546 | - | €66 | €132 | ▲ 101% |
| Financial charges65/66B | €583 | €531 | €447 | €525 | €762 | ▲ 45.1% |
| Recurring financial charges65 | €583 | €531 | €447 | €525 | €762 | ▲ 45.1% |
| Profit (loss) for the period before taxes9903 | €28,280 | €18,625 | €19,886 | €16,426 | €10,044 | ▼ 38.9% |
| Income taxes67/77 | €9,509 | €6,366 | €6,707 | €4,754 | €3,044 | ▼ 36.0% |
| Profit (loss) for the period9904 | €18,772 | €12,259 | €13,179 | €11,672 | €7,001 | ▼ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €18,772 | €12,259 | €13,179 | €11,672 | €7,001 | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,293 | €169,442 | €156,920 | €143,901 | €128,031 | ▼ 11.0% |
| Fixed assets21/28 | €40,250 | €30,880 | €21,511 | €12,142 | €2,772 | ▼ 77.2% |
| Tangible fixed assets22/27 | €40,250 | €30,880 | €21,511 | €12,142 | €2,772 | ▼ 77.2% |
| Furniture and vehicles24 | €40,250 | €30,880 | €21,511 | €12,142 | €2,772 | ▼ 77.2% |
| Current assets29/58 | €149,043 | €138,561 | €135,409 | €131,760 | €125,258 | ▼ 4.9% |
| Amounts receivable within one year40/41 | €26,179 | €20,783 | €16,893 | €11,829 | €8,992 | ▼ 24.0% |
| Trade receivables40 | €3,893 | €2,312 | €4,099 | €4,781 | €3,245 | ▼ 32.1% |
| Other amounts receivable41 | €22,285 | €18,471 | €12,793 | €7,048 | €5,747 | ▼ 18.5% |
| Current investments50/53 | €103,760 | €100,760 | €103,084 | €109,130 | €102,222 | ▼ 6.3% |
| Cash at bank and in hand54/58 | €14,072 | €12,506 | €11,165 | €6,693 | €10,276 | ▲ 53.5% |
| Deferred charges and accrued income490/1 | €5,032 | €4,513 | €4,267 | €4,107 | €3,768 | ▼ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,293 | €169,442 | €156,920 | €143,901 | €128,031 | ▼ 11.0% |
| Equity10/15 | €143,271 | €135,564 | €133,375 | €129,678 | €123,949 | ▼ 4.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €124,671 | €116,964 | €114,775 | €111,078 | €105,349 | ▼ 5.2% |
| Non-distributable reserves130/1 | €8,160 | €8,160 | €8,160 | - | - | - |
| Reserves not available under the articles1311 | €8,160 | €8,160 | €8,160 | - | - | - |
| Distributable reserves133 | €116,511 | €108,804 | €106,615 | €111,078 | €105,349 | ▼ 5.2% |
| Amounts payable17/49 | €46,022 | €33,878 | €23,545 | €14,223 | €4,081 | ▼ 71.3% |
| Amounts payable after more than one year17 | €30,579 | €21,496 | €12,335 | €3,097 | - | - |
| Financial debts170/4 | €30,579 | €21,496 | €12,335 | €3,097 | - | - |
| Amounts payable within one year42/48 | €15,361 | €12,308 | €11,162 | €11,102 | €4,031 | ▼ 63.7% |
| Current portion of amounts payable after more than one year42 | €9,007 | €9,083 | €9,160 | €9,238 | €3,097 | ▼ 66.5% |
| Trade debts44 | €151 | €122 | €684 | €662 | €200 | ▼ 69.8% |
| Suppliers440/4 | €151 | €122 | €684 | €662 | €200 | ▼ 69.8% |
| Taxes, remuneration and social security45 | €6,204 | €3,103 | €1,318 | €1,201 | €734 | ▼ 38.9% |
| Taxes450/3 | €6,204 | €3,103 | €1,318 | €1,201 | €734 | ▼ 38.9% |
| Accrued charges and deferred income492/3 | €82 | €75 | €48 | €24 | €50 | ▲ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,772 | €12,259 | €13,179 | €11,672 | €7,001 | ▼ 40.0% |
| + Depreciation and write-downs630 | €6,597 | €9,369 | €9,369 | €9,369 | €9,369 | = |
| Operating cash flow (approximation) | €25,369 | €21,628 | €22,548 | €21,041 | €16,370 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,566 | -€1,341 | -€4,472 | €3,582 | ▲ 180% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7,001 ▼40%
Net result drops to €7,001, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 31.07
Current ratio from 11.87 to 31.07; short-term debt falls from €11,102 to €4,031.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €26,036 ▲93.6%
Operating result €39,408, net result €26,036, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 23.17
Current ratio from 9.81 to 23.17; short-term debt falls from €15,217 to €6,790.
31-12
Financial
Equity above €150,000Eq €150,529 ▲9.8%
2 profitable years in a row build equity to €150,529.
Show earlier events
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Balen · 1 establishment unit since 2007
Ground area
1,247 m²
Building footprint
178 m²
Volume, LiDAR
933 m³
Parcel 13003A0786/00F000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tradware
since 20072.158.403.418
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A0786/00F000 | Flanders | 1,247 m² | 1 · 178 m² | 8.0 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676008J4ZF2G9IW3L29
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Of 4,526 companies in sector 74301 we hold annual accounts for 720. 590 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
Founded29-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886025912
Also
9925:BE0886025912
Registered
16-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.