TRAGECO BAT
ActiveTRAGECO BAT has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €461k and a net result of €85k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+9
Solvency58▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.08 in 2023; short-term debt: 64.2% and cash: 12.5% of total assets), and 66.6% of the assets are financed with debt.
Credit advice 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
28 d late
2022
23 d late
2021
18 d early
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€85k▲ 176%
2023 · €31k
2018: €15k
2019: €-2k
2020: €1k
2021: €22k
2022: €6k
2023: €31k
2018 → 2024
Working capital
€98k▲ 86.2%
2023 · €53k
2018: €126k
2019: €110k
2020: €108k
2021: €119k
2022: €69k
2023: €53k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€320k-€341k▲ 6.3%€346k▲ 1.6%€377k▲ 8.8%€461k▲ 22.4%
Operating result€16k-€43k▲ 171%€19k▼ 56.7%€47k▲ 155%€100k▲ 112%
Net result€1k-€22k▲ 1,573%€6k▼ 73.0%€31k▲ 416%€85k▲ 176%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 112% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.38M
Fixed assets
€395k▲ 11.6%
Current assets
€984k▲ 36.7%
Equity and liabilities €1.38M
Equity
€461k▲ 22.4%
Debt
€918k▲ 31.6%
The debt ratio rises from 64.9% to 66.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158k▲
2023 · €92k
Cash flow
€143k▲
2023 · €76k
Solvency
33.4%▼
2023 · 35.1%
Current ratio
1.11▲
2023 · 1.08
Quick ratio
1.09▲
2023 · 1.07
Debt / equity
1.99▲
2023 · 1.85
ROE
18.3%▲
2023 · 8.1%
ROA
6.1%▲
2023 · 2.8%
Interest coverage
11.68▲
2023 · 5.38
Debt
€918k▲
2023 · €697k
Debt ≤ 1 year
€886k▲
2023 · €667k
Debt > 1 year
€32k▲
2023 · €24k
Income taxes
€2k▲
2023 · €555
Staff costs
€389k▲
2023 · €388k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.07M€1.38M▲
Fixed assets21/28€354k€395k▲
Tangible fixed assets22/27€314k€344k▲
Land and buildings22€166k€166k▼
Plant, machinery and equipment23€65k€60k▼
Furniture and vehicles24€31k€81k▲
Leasing and similar rights25€52k€38k▼
Financial fixed assets28€40k€51k▲
Current assets29/58€720k€984k▲
Stocks and contracts in progress3€7k€20k▲
Stocks30/36€7k€20k▲
Amounts receivable within one year40/41€670k€779k▲
Trade receivables40€653k€769k▲
Other amounts receivable41€17k€10k▼
Cash at bank and in hand54/58€43k€173k▲
Deferred charges and accrued income490/1-€12k
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.38M▲
Equity10/15€377k€461k▲
Contributions10/11€372k€372k=
Capital10€372k€372k=
Issued capital100€372k€372k=
Revaluation surpluses12€136k€136k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-134k€-50k▲
Amounts payable17/49€697k€918k▲
Amounts payable after more than one year17€24k€32k▲
Financial debts170/4€24k€32k▲
Amounts payable within one year42/48€667k€886k▲
Current portion of amounts payable after more than one year42€29k€39k▲
Financial debts43-€150k
Credit institutions430/8-€150k
Trade debts44€507k€591k▲
Suppliers440/4€507k€591k▲
Taxes, remuneration and social security45€15k€20k▲
Taxes450/3€4k€14k▲
Remuneration and social security454/9€10k€6k▼
Other amounts payable47/48€116k€85k▼
Accrued charges and deferred income492/3€6k-
Income statement
Code20232024
Non-recurring operating income76A-€500
Remuneration, social security and pensions62€388k€389k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€58k▲
Other operating charges640/8€11k€10k▼
Non-recurring operating charges66A-€454
Gross operating margin9900€491k€557k▲
Operating profit (loss)9901€47k€100k▲
Financial income75/76B€1k€0▼
Recurring financial income75€182€0▼
Non-recurring financial income76B€826-
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€31k€87k▲
Income taxes67/77€555€2k▲
Profit (loss) for the period9904€31k€85k▲
Profit (loss) for the period to be appropriated9905€31k€85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-134k€-50k▲
Profit (loss) brought forward from the previous period14P€-165k€-134k▲
Social balance
Average headcount (FTE)908715.615.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €85k ▲176%
Operating result €100k, net result €85k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €-2k ▼115%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Waimes · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Litorne 7A4950 WaimesGround area
6,341 m²
Building footprint
116 m²
Volume, LiDAR
629 m³
Parcel 63080M0002/00H016, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Litorne 7, 4950 Waimes
since 19852.026.177.273
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080M0002/00H016 | Wallonia | 6,341 m² | 1 · 116 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Recognised contractor
9 categoriesTRAGECO BAT SA17262
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StG
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QUATRIBO
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 9,540 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-1984
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
45212
45213
02012
02200Logging
08111Other mining and quarrying
23610Manufacture of other non-metallic mineral products
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@tragecobat.be