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TRAFIROAD

Active
Public limited companyfounded 197848 yrs activeNieuwe Dreef 17, 9160 Lokeren, BelgiumKBO/BCE: BE 0418.384.358
Summary

TRAFIROAD has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30.0m and a net result of €10.8m. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 301 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability84▲+1
Solvency66▲+1
Growth76▲+2
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.68 in 2024; short-term debt: 48.5% and cash: 15.8% of total assets), but 59% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 48 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
41%
Return on assets
14.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
74 d early
2024
65 d early
2023
29 d early
2022
54 d early
2021
67 d early
2020
75 d early
2019
65 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 61 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% 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. Usually files around 27 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
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 22 June 1978, TRAFIROAD was incorporated.1 Revenue went from EUR 54 million in 2018 to EUR 115 million in 2025 and headcount from 238 to 325 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
€115.1m▲ 19.4%
2024 · €96.5m
EBIT margin
12.6%▼ 0.6pp
2024 · 13.2%
Net result
€10.8m▲ 17.2%
2024 · €9.2m
Working capital
€19.1m▼ 25.4%
2024 · €25.6m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Turnover€68.1m▲ 27.9%€71.1m▲ 4.4%€86.1m▲ 21.0%€96.5m▲ 12.0%€115.1m▲ 19.4%
Operating result€7.0m▲ 17.0%€9.6m▲ 36.9%€11.0m▲ 15.2%€12.8m▲ 15.7%€14.6m▲ 14.2%
Net result€4.6mabove the sector's middle half▲ 13.2%€7.1mabove the sector's middle half▲ 52.5%€7.5mabove the sector's middle half▲ 6.8%€9.2mabove the sector's middle half▲ 22.6%€10.8mabove the sector's middle half▲ 17.2%
EBIT margin10.3%▼ 1.0pp13.4%▲ 3.2pp12.8%▼ 0.6pp13.2%▲ 0.4pp12.6%▼ 0.6pp
Equity€15.4mabove the sector's middle half▲ 11.8%€19.2mabove the sector's middle half▲ 24.4%€22.9mabove the sector's middle half▲ 19.7%€29.5mabove the sector's middle half▲ 28.7%€30.0mabove the sector's middle half▲ 1.8%
Total assets€44.8mabove the sector's middle half▲ 5.5%€61.3mabove the sector's middle half▲ 36.7%€70.2mabove the sector's middle half▲ 14.5%€73.4mabove the sector's middle half▲ 4.6%€73.4mabove the sector's middle half▼ 0.1%
Debt€27.9m▼ 1.7%€41.6m▲ 48.9%€47.0m▲ 13.1%€43.7m▼ 7.1%€43.1m▼ 1.5%
Working capital€12.4mabove the sector's middle half▲ 27.6%€14.8mabove the sector's middle half▲ 19.8%€17.4mabove the sector's middle half▲ 17.5%€25.6mabove the sector's middle half▲ 47.0%€19.1mabove the sector's middle half▼ 25.4%
Solvency34.4%within the sector's middle half▲ 1.9pp31.3%within the sector's middle half▼ 3.1pp32.7%within the sector's middle half▲ 1.4pp40.2%within the sector's middle half▲ 7.5pp41.0%within the sector's middle half▲ 0.8pp
Current ratio1.47within the sector's middle half▲ 0.111.38within the sector's middle half▼ 0.101.43within the sector's middle half▲ 0.051.68within the sector's middle half▲ 0.251.54within the sector's middle half▼ 0.14
Return on assets (ROA)10.3%above the sector's middle half▲ 0.7pp11.5%above the sector's middle half▲ 1.2pp10.7%above the sector's middle half▼ 0.8pp12.6%above the sector's middle half▲ 1.8pp14.8%above the sector's middle half▲ 2.2pp
Staff (FTE)278.9above the sector's middle half▲ 1.1%284.2above the sector's middle half▲ 1.9%292.2above the sector's middle half▲ 2.8%315above the sector's middle half▲ 7.8%324.5above the sector's middle half▲ 3.0%
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€5.0m€10.0m€15.0mOperating result 2021: €7.0m€7.0mNet result 2021: €4.6m€4.6mOperating result 2022: €9.6m€9.6mNet result 2022: €7.1m€7.1mOperating result 2023: €11.0m€11.0mNet result 2023: €7.5m€7.5mOperating result 2024: €12.8m€12.8mNet result 2024: €9.2m€9.2mOperating result 2025: €14.6m€14.6mNet result 2025: €10.8m€10.8m20212022202320242025€0€5m€10m€15mOperating result 2023: €11.0m€11mNet result 2023: €7.5m€7.5mOperating result 2024: €12.8m€13mNet result 2024: €9.2m€9.2mOperating result 2025: €14.6m€15mNet result 2025: €10.8m€11m202320242025
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73.4m
Fixed assets €18.6m ▲ 82.4%
Current assets €54.7m ▼ 13.5%
Equity and liabilities €73.4m
Equity €30.0m ▲ 1.8%
Provisions €220,833 ▲ 8.0%
Debt €43.1m ▼ 1.5%
Debt's share of the balance-sheet total falls from 59.5% to 58.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€16.6m▲
2024 · €14.2m
Cash flow
€12.8m▲
2024 · €10.7m
Quick ratio
0.78▲
2024 · 0.65
Debt to equity
1.43▼
2024 · 1.48
ROE
36.0%▲
2024 · 31.3%
Interest coverage
12.23▲
2024 · 10.19
Debt ≤ 1 year
€35.6m▼
2024 · €37.6m
Debt > 1 year
€6.6m▲
2024 · €5.7m
Income taxes
€2.8m▲
2024 · €2.3m
Staff costs
€24.6m▲
2024 · €21.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.5% stopped otherwise
98% still going

For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 321 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 · 2025 against 2024 · 110 lines
Balance sheet Code20242025
Assets
Total assets20/58€73.4m€73.4m▼
Fixed assets21/28€10.2m€18.6m▲
Intangible fixed assets21€387,438€499,287▲
Tangible fixed assets22/27€8.5m€9.2m▲
Land and buildings22€5.0m€5.0m▼
Plant, machinery and equipment23€577,524€768,194▲
Furniture and vehicles24€1.0m€1.7m▲
Leasing and similar rights25€743,435€589,023▼
Other tangible fixed assets26€1.1m€1.0m▼
Assets under construction and advance payments27€205,007€78,747▼
Financial fixed assets28€1.3m€9.0m▲
Affiliated companies280/1-€7.5m
Participating interests280-€7.5m
Other financial fixed assets284/8€1.3m€1.4m▲
Shares284€105,000€105,000=
Amounts receivable and cash guarantees285/8€1.2m€1.3m▲
Current assets29/58€63.2m€54.7m▼
Stocks and contracts in progress3€38.7m€27.1m▼
Stocks30/36€7.9m€8.4m▲
Raw materials and consumables30/31€5.9m€5.7m▼
Finished goods33€1.4m€1.2m▼
Goods purchased for resale34€569,762€1.6m▲
Contracts in progress37€30.8m€18.6m▼
Amounts receivable within one year40/41€16.3m€15.5m▼
Trade receivables40€10.4m€11.2m▲
Other amounts receivable41€5.9m€4.3m▼
Cash at bank and in hand54/58€7.9m€11.6m▲
Deferred charges and accrued income490/1€264,984€515,601▲
Equity and liabilities
Total equity and liabilities10/49€73.4m€73.4m▼
Equity10/15€29.5m€30.0m▲
Contributions10/11€2.4m€2.8m▲
Capital10€2.4m€2.8m▲
Issued capital100€2.4m€2.8m▲
Reserves13€27.1m€27.3m▲
Non-distributable reserves130/1€329,875€365,397▲
Legal reserve130€243,112€278,634▲
Other1319€86,763€86,763=
Tax-exempt reserves132€151,865€604,235▲
Distributable reserves133€26.6m€26.3m▼
Profit (loss) carried forward14-€366
Provisions and deferred taxes16€204,381€220,833▲
Provisions for liabilities and charges160/5€150,000€20,000▼
Other liabilities and charges164/5€150,000€20,000▼
Deferred taxes168€54,381€200,833▲
Amounts payable17/49€43.7m€43.1m▼
Amounts payable after more than one year17€5.7m€6.6m▲
Financial debts170/4€5.7m€6.6m▲
Subordinated loans170€300,000€300,000=
Leasing and similar obligations172€368,891€186,287▼
Credit institutions173€5.1m€6.1m▲
Amounts payable within one year42/48€37.6m€35.6m▼
Current portion of amounts payable after more than one year42€1.5m€2.0m▲
Financial debts43€16.1m€12.5m▼
Credit institutions430/8€16.1m€12.5m▼
Trade debts44€14.9m€12.6m▼
Suppliers440/4€14.9m€12.6m▼
Advances received on contracts in progress46€14,108-
Taxes, remuneration and social security45€2.5m€3.5m▲
Taxes450/3€788,397€1.7m▲
Remuneration and social security454/9€1.7m€1.9m▲
Other amounts payable47/48€2.6m€5.0m▲
Accrued charges and deferred income492/3€388,563€864,509▲
Income statement Code20242025
Operating income70/76A€100.3m€103.3m▲
Turnover70€96.5m€115.1m▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.7m-€14.9m▼
Own construction capitalised72-€57,913
Other operating income74€1.6m€1.8m▲
Non-recurring operating income76A€465,337€1.2m▲
Operating charges60/66A€87.5m€88.8m▲
Goods for resale, raw materials and consumables60€46.9m€45.7m▼
Purchases600/8€46.6m€46.3m▼
Change in stocks: decrease (increase)609€295,445-€574,433▼
Services and other goods61€17.1m€18.5m▲
Remuneration, social security and pensions62€21.9m€24.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.5m€2.0m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€363,039-€2.7m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8--€150,000
Other operating charges640/8€489,529€580,961▲
Non-recurring operating charges66A€51,592€207,314▲
Operating profit (loss)9901€12.8m€14.6m▲
Financial income75/76B€226,753€655,762▲
Recurring financial income75€226,753€655,762▲
Income from financial fixed assets750€110,454€87,202▼
Income from current assets751€103,882€567,093▲
Other financial income752/9€12,417€1,467▼
Financial charges65/66B€1.5m€1.5m▼
Recurring financial charges65€1.5m€1.5m▼
Debt charges650€1.4m€1.4m▼
Other financial charges652/9€69,050€98,622▲
Profit (loss) for the period before taxes9903€11.5m€13.8m▲
Transfer from deferred taxes780€12,303€20,658▲
Transfer to deferred taxes680-€167,110
Income taxes67/77€2.3m€2.8m▲
Taxes670/3€2.3m€2.8m▲
Profit (loss) for the period9904€9.2m€10.8m▲
Transfer from tax-exempt reserves789€23,892€48,959▲
Transfer to tax-exempt reserves689-€501,329
Profit (loss) for the period to be appropriated9905€9.3m€10.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€9.3m€10.5m▲
Profit (loss) brought forward from the previous period14P-€95,320
Transfer from equity791/2-€12.2m
From reserves792-€12.2m
Transfer to equity691/2€6.9m€8.1m▲
To contributions691-€230,221
To the legal reserve6920-€23,022
To other reserves6921€6.9m€7.8m▲
Profit to be distributed694/7€2.4m€14.6m▲
Return on contributions (dividend)694-€12.0m
Directors or managers695€2.4m€2.6m▲
Social balance
Average headcount (FTE)9087315.0324.5▲

The notes to these accounts (118 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€66.5m€80.2m€91.1m€100.3m€103.3m▲ 3.0%
Turnover70€68.1m€71.1m€86.1m€96.5m€115.1m▲ 19.4%
Change in stocks of work in progress, finished goods and contracts in progress71-€2.7m€7.9m€3.6m€1.7m-€14.9m▼ 956%
Own construction capitalised72----€57,913-
Other operating income74€1.0m€1.1m€1.3m€1.6m€1.8m▲ 10.9%
Non-recurring operating income76A€84,498€57,049€69,354€465,337€1.2m▲ 168%
Operating charges60/66A€59.5m€70.6m€80.1m€87.5m€88.8m▲ 1.4%
Goods for resale, raw materials and consumables60€28.5m€34.4m€38.2m€46.9m€45.7m▼ 2.5%
Purchases600/8€29.7m€35.6m€38.5m€46.6m€46.3m▼ 0.6%
Change in stocks: decrease (increase)609-€1.2m-€1.2m-€237,112€295,445-€574,433▼ 294%
Services and other goods61€12.4m€14.4m€16.7m€17.1m€18.5m▲ 8.2%
Remuneration, social security and pensions62€16.5m€18.5m€20.8m€21.9m€24.6m▲ 12.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.1m€1.1m€2.0m€1.5m€2.0m▲ 36.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€488,464€2.6m€1.7m-€363,039-€2.7m▼ 642%
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.2m-€939,706-€310,294--€150,000-
Other operating charges640/8€274,836€447,397€588,066€489,529€580,961▲ 18.7%
Non-recurring operating charges66A€58,867€61,518€369,018€51,592€207,314▲ 302%
Operating profit (loss)9901€7.0m€9.6m€11.0m€12.8m€14.6m▲ 14.2%
Financial income75/76B€209,181€119,253€96,201€226,753€655,762▲ 189%
Recurring financial income75€209,181€119,253€96,201€226,753€655,762▲ 189%
Income from financial fixed assets750€60,511€71,930€81,703€110,454€87,202▼ 21.1%
Income from current assets751---€103,882€567,093▲ 446%
Other financial income752/9€148,671€47,323€14,498€12,417€1,467▼ 88.2%
Financial charges65/66B€468,560€500,735€1.5m€1.5m€1.5m▼ 0.8%
Recurring financial charges65€468,560€500,735€1.5m€1.5m€1.5m▼ 0.8%
Debt charges650€452,434€479,118€1.4m€1.4m€1.4m▼ 2.9%
Other financial charges652/9€16,126€21,616€40,058€69,050€98,622▲ 42.8%
Profit (loss) for the period before taxes9903€6.7m€9.2m€9.6m€11.5m€13.8m▲ 19.5%
Transfer from deferred taxes780€12,303€12,303€12,303€12,303€20,658▲ 67.9%
Transfer to deferred taxes680----€167,110-
Income taxes67/77€2.1m€2.1m€2.1m€2.3m€2.8m▲ 22.0%
Taxes670/3€2.1m€2.1m€2.2m€2.3m€2.8m▲ 22.0%
Tax adjustments and reversals of tax provisions77--€91,360---
Profit (loss) for the period9904€4.6m€7.1m€7.5m€9.2m€10.8m▲ 17.2%
Transfer from tax-exempt reserves789€23,892€23,892€23,892€23,892€48,959▲ 105%
Transfer to tax-exempt reserves689----€501,329-
Profit (loss) for the period to be appropriated9905€4.7m€7.1m€7.6m€9.3m€10.4m▲ 12.0%
Line20212022202320242025Change
Assets
Total assets20/58€44.8m€61.3m€70.2m€73.4m€73.4m▼ 0.1%
Fixed assets21/28€6.4m€7.3m€12.3m€10.2m€18.6m▲ 82.4%
Intangible fixed assets21€38,399€128,566€197,417€387,438€499,287▲ 28.9%
Tangible fixed assets22/27€5.4m€6.0m€10.8m€8.5m€9.2m▲ 7.4%
Land and buildings22€2.7m€2.6m€4.5m€5.0m€5.0m▼ 0.2%
Plant, machinery and equipment23€594,440€492,593€558,234€577,524€768,194▲ 33.0%
Furniture and vehicles24€555,344€469,109€879,130€1.0m€1.7m▲ 73.7%
Leasing and similar rights25€1.4m€1.1m€4.6m€743,435€589,023▼ 20.8%
Other tangible fixed assets26€119,080€117,244€163,199€1.1m€1.0m▼ 0.4%
Assets under construction and advance payments27-€1.2m€183,291€205,007€78,747▼ 61.6%
Financial fixed assets28€950,533€1.2m€1.3m€1.3m€9.0m▲ 595%
Affiliated companies280/1----€7.5m-
Participating interests280----€7.5m-
Other financial fixed assets284/8€950,533€1.2m€1.3m€1.3m€1.4m▲ 10.1%
Shares284€87,500€92,500€105,000€105,000€105,000=
Amounts receivable and cash guarantees285/8€863,033€1.1m€1.2m€1.2m€1.3m▲ 11.0%
Current assets29/58€38.5m€54.0m€57.9m€63.2m€54.7m▼ 13.5%
Stocks and contracts in progress3€28.2m€34.8m€36.9m€38.7m€27.1m▼ 30.1%
Stocks30/36€6.4m€7.9m€8.0m€7.9m€8.4m▲ 6.5%
Raw materials and consumables30/31€5.3m€6.1m€6.1m€5.9m€5.7m▼ 4.2%
Finished goods33€790,600€1.4m€1.3m€1.4m€1.2m▼ 18.5%
Goods purchased for resale34€322,215€423,989€609,527€569,762€1.6m▲ 181%
Contracts in progress37€21.8m€26.8m€28.9m€30.8m€18.6m▼ 39.5%
Amounts receivable within one year40/41€9.0m€14.7m€14.6m€16.3m€15.5m▼ 5.0%
Trade receivables40€8.3m€14.1m€13.5m€10.4m€11.2m▲ 7.7%
Other amounts receivable41€728,565€587,312€1.0m€5.9m€4.3m▼ 27.3%
Cash at bank and in hand54/58€1.0m€4.2m€6.1m€7.9m€11.6m▲ 46.9%
Deferred charges and accrued income490/1€200,573€336,308€347,158€264,984€515,601▲ 94.6%
Equity and liabilities
Total equity and liabilities10/49€44.8m€61.3m€70.2m€73.4m€73.4m▼ 0.1%
Equity10/15€15.4m€19.2m€22.9m€29.5m€30.0m▲ 1.8%
Contributions10/11€2.4m€2.4m€2.4m€2.4m€2.8m▲ 14.6%
Capital10€2.4m€2.4m€2.4m€2.4m€2.8m▲ 14.6%
Issued capital100€2.4m€2.4m€2.4m€2.4m€2.8m▲ 14.6%
Reserves13€13.0m€16.7m€20.5m€27.1m€27.3m▲ 0.7%
Non-distributable reserves130/1€329,875€329,875€329,875€329,875€365,397▲ 10.8%
Legal reserve130€243,112€243,112€243,112€243,112€278,634▲ 14.6%
Other1319€86,763€86,763€86,763€86,763€86,763=
Tax-exempt reserves132€223,542€199,650€175,758€151,865€604,235▲ 298%
Distributable reserves133€12.4m€16.2m€20.0m€26.6m€26.3m▼ 1.1%
Profit (loss) carried forward14----€366-
Provisions and deferred taxes16€1.5m€539,281€216,684€204,381€220,833▲ 8.0%
Provisions for liabilities and charges160/5€1.4m€460,294€150,000€150,000€20,000▼ 86.7%
Other liabilities and charges164/5€1.4m€460,294€150,000€150,000€20,000▼ 86.7%
Deferred taxes168€91,289€78,987€66,684€54,381€200,833▲ 269%
Amounts payable17/49€27.9m€41.6m€47.0m€43.7m€43.1m▼ 1.5%
Amounts payable after more than one year17€1.4m€2.0m€6.4m€5.7m€6.6m▲ 15.6%
Financial debts170/4€1.4m€2.0m€6.4m€5.7m€6.6m▲ 15.6%
Subordinated loans170€300,000€300,000€300,000€300,000€300,000=
Leasing and similar obligations172€1.1m€792,441€2.9m€368,891€186,287▼ 49.5%
Credit institutions173€70,350€947,726€3.2m€5.1m€6.1m▲ 21.2%
Amounts payable within one year42/48€26.1m€39.2m€40.5m€37.6m€35.6m▼ 5.3%
Current portion of amounts payable after more than one year42€444,762€305,745€2.1m€1.5m€2.0m▲ 31.2%
Financial debts43€11.7m€18.7m€18.9m€16.1m€12.5m▼ 22.7%
Credit institutions430/8€11.7m€18.7m€18.9m€16.1m€12.5m▼ 22.7%
Trade debts44€12.1m€16.9m€14.0m€14.9m€12.6m▼ 15.0%
Suppliers440/4€12.1m€16.9m€14.0m€14.9m€12.6m▼ 15.0%
Advances received on contracts in progress46---€14,108--
Taxes, remuneration and social security45€1.7m€2.8m€3.1m€2.5m€3.5m▲ 41.6%
Taxes450/3€624,856€1.4m€1.1m€788,397€1.7m▲ 111%
Remuneration and social security454/9€1.0m€1.4m€1.9m€1.7m€1.9m▲ 9.9%
Other amounts payable47/48€199,892€495,173€2.4m€2.6m€5.0m▲ 91.0%
Accrued charges and deferred income492/3€403,101€372,771€227,341€388,563€864,509▲ 122%
Line20212022202320242025Change
Profit (loss) for the period9904€4.6m€7.1m€7.5m€9.2m€10.8m▲ 17.2%
+ Depreciation and write-downs630€1.1m€1.1m€2.0m€1.5m€2.0m▲ 36.6%
Operating cash flow (approximation)€5.7m€8.1m€9.6m€10.7m€12.8m▲ 19.9%
Investment in fixed assets (approximation)--€2.0m-€7.1m€608,808-€10.4m▼ 1,816%
Change in cash-€3.2m€1.9m€1.8m€3.7m▲ 104%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2018net €10.8m ▲17.2%
Operating result €14.6m, net result €10.8m, both a record.
27-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Equity above €25mEq €29.5m ▲28.7%
7 profitable years in a row build equity to €29.5m.
02-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
07-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
25-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
17-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
27-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
16-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
22-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 47 acts read
About the unread acts

We know of 47 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
47 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, Lokeren · 6 establishment units since 1978
seat establishment All 6 establishment units on the map
Ground area
7.2 ha
Building footprint
1.9 ha
Volume, LiDAR
76,526 m³
6 parcels, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
6 establishment units
Trafiroad NV
Nieuwe Dreef 17, 9160 LokerenRaising of dairy cattle
since 19782.015.194.004
TRAFIROAD
Nieuwe Dreef 62, 9160 LokerenManufacture of metal structures and parts of structures
since 20162.262.225.486
TRAFIROAD
Schoonmansveld 23, 2870 Puurs-Sint-AmandsManufacture of metal structures and parts of structures
since 20162.262.239.542
TRAFIROAD
Begoniastraat 9, 9810 Nazareth-De PinteManufacture of metal structures and parts of structures
since 20162.262.240.631
Schoonmansveld 35, 2870 Puurs-Sint-Amands
General electrical installation work
since 20232.378.437.822
Kempische steenweg 293, 3500 Hasselt
Manufacture of fabricated metal products, except machinery and equipment
since 20252.375.740.826
6 parcels
Flanders 6 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46383D2451/00D002 Flanders 2.9 ha 1 · 1,287 m² 9.2 m · 2 fl.
71322A0540/00M003 Flanders 1.5 ha 1 · 6,594 m² -
44018A0132/00H000 Flanders 1.4 ha 1 · 7,852 m² 7.7 m · 2 fl.
12032C0566/00D000 Flanders 8,447 m² 1 · 1,706 m² 6.9 m · 2 fl.
12032C0562/02H000 Flanders 4,276 m² 1 · 1,726 m² 9.4 m · 3 fl.
46383D2562/00D002 Flanders 1,567 m² 1 · 110 m² 8.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group G-FORCE GROUP 13 companies Group, risk and exposure

Owners and holdings

1 owner · 2 holdings

Chain of control

  1. G-FORCE GROUP 87.25%
  2. TRAFIROAD

Highest known parent: G-FORCE GROUP. The sources do not say who stands above it.

Owners 1

Holdings 2

According to the 2025 annual accounts of TRAFIROAD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 12 entries · 126,961 EUR awarded · 126,961 EUR paid
Year Entries awardedpaid
2025 3 9,835 EUR9,835 EUR
2024 3 80,902 EUR80,902 EUR
2023 4 27,897 EUR27,897 EUR
2022 2 8,327 EUR8,327 EUR
Schemes
1 entry · 72,576 EUR · 72,576 EUR paid · Agentschap Wegen en Verkeer
4 entries · 21,185 EUR · 21,185 EUR paid · Departement Werk en Sociale Economie
4 entries · 16,784 EUR · 16,784 EUR paid · Departement Werk en Sociale Economie
1 entry · 9,000 EUR · 9,000 EUR paid · Departement Mobiliteit en Openbare Werken
1 entry · 6,916 EUR · 6,916 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
Show 1 more
1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Recognised contractor

40 categories
TRAFIROAD NV26282
category A, class 1 · category B, class 4 · category B1, class 4 · category C, class 8 · category C1, class 8 · category C3, class 8 · category C5, class 5 · category C6, class 1 · category D, class 5 · category D1, class 3 · category D10, class 1 · category D11, class 1 · category D14, class 1 · category D20, class 1 · category D21, class 6 · category D23, class 1 · category D24, class 1 · category D5, class 1 · category D8, class 1 · category E, class 8 · category E1, class 8 · category E2, class 1 · category F3, class 1 · category G, class 5 · category G1, class 1 · category G2, class 1 · category G3, class 1 · category G4, class 1 · category G5, class 1 · category H, class 1 · category H1, class 1 · category K1, class 1 · category M1, class 1 · category P1, class 6 · category P2, class 8 · category P3, class 6 · category S, class 1 · category S1, class 6 · category S2, class 8 · category S4, class 1
decision 04-06-2024

Dual-learning approval

2 live approvals · 1 ended
Onderhoudsmedewerker (vwo)
Goedgekeurd · 2021 to 2026
Onderhoudsmedewerker duaal (so)
Goedgekeurd · 2021 to 2026
Show 1 ended approval
Polyvalent onderhoudswerker gebouwen (so)
discontinued · 2021 to 2025

Similar companies · same sector, comparable size

Of 1,823 companies in sector 42220 we hold annual accounts for 957. 56 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
Founded22-06-1978
Fiscal year end31-12
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
42220Construction of utility projects for electricity and telecommunications
42110Construction of roads and motorways
42120Civil engineering
42130Civil engineering
43211General electrical installation work
Contact
E-mail info@trafiroad.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0418384358
Also 9925:BE0418384358
Registered 11-04-2022

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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