Summary
TRAILBLAZER is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €154,294 and a net result of €270,941. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 9872 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9872 sector peers (2024).
NBB · sector comparisonPosition among 9872 sector peers
Solvency
better than 24%
← weakest
strongest →
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 22-07-2025, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
23 d early
2022
13 d early
2021
22 d early
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€154,294▲ 15,329%
2023 · €1,000
Net result
€270,941▲ 63.3%
2023 · €165,917
Total assets
€677,308▲ 34.4%
2023 · €503,921
Solvency
22.8%▲ 22.6pp
2023 · 0.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Operating result€116,570-€154,746▲ 32.7%€159,276▲ 2.9%€219,077▲ 37.5%€358,039▲ 63.4%
Net result€90,935above the sector's middle half-€118,133above the sector's middle half▲ 29.9%€120,830above the sector's middle half▲ 2.3%€165,917above the sector's middle half▲ 37.3%€270,941above the sector's middle half▲ 63.3%
Equity€91,935within the sector's middle half-€210,068within the sector's middle half▲ 128%€330,898within the sector's middle half▲ 57.5%€1,000below the sector's middle half▼ 99.7%€154,294within the sector's middle half▲ 15,329%
Total assets€143,517within the sector's middle half-€293,998within the sector's middle half▲ 105%€397,281within the sector's middle half▲ 35.1%€503,921within the sector's middle half▲ 26.8%€677,308within the sector's middle half▲ 34.4%
Debt€51,583-€83,930▲ 62.7%€66,384▼ 20.9%€502,921▲ 658%€523,014▲ 4.0%
Working capital€90,863within the sector's middle half-€207,572above the sector's middle half▲ 128%€322,690above the sector's middle half▲ 55.5%-€6,388within the sector's middle half€147,623within the sector's middle half
Solvency64.1%within the sector's middle half-71.5%within the sector's middle half▲ 7.4pp83.3%above the sector's middle half▲ 11.8pp0.2%below the sector's middle half▼ 83.1pp22.8%below the sector's middle half▲ 22.6pp
Current ratio2.77within the sector's middle half-3.51within the sector's middle half▲ 0.735.96above the sector's middle half▲ 2.450.99within the sector's middle half▼ 4.971.28within the sector's middle half▲ 0.30
Return on assets (ROA)63.4%above the sector's middle half-40.2%above the sector's middle half▼ 23.2pp30.4%above the sector's middle half▼ 9.8pp32.9%above the sector's middle half▲ 2.5pp40.0%above the sector's middle half▲ 7.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
The operating result has risen four years in a row; 2024 is 63% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €677,308
Fixed assets
€7,171 ▼ 19.9%
Current assets
€670,137 ▲ 35.4%
Equity and liabilities €677,308
Equity
€154,294 ▲ 15,329%
Debt
€523,014 ▲ 4.0%
Debt's share of the balance-sheet total falls from 99.8% to 77.2%. Equity and debt are higher.
Key figures and ratios
ROE
175.6%
Debt ≤ 1 year
€522,514▲
2023 · €501,353
Income taxes
€85,878▲
2023 · €50,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €197 | €435 | €1,279 | €1,628 | €1,785 | ▲ 9.6% |
| Other operating charges640/8 | - | €117 | €271 | €595 | €683 | ▲ 14.8% |
| Gross operating margin9900 | €117,265 | €155,298 | €160,826 | €221,300 | €360,507 | ▲ 62.9% |
| Operating profit (loss)9901 | €116,570 | €154,746 | €159,276 | €219,077 | €358,039 | ▲ 63.4% |
| Financial income75/76B | - | €0 | €0 | €0 | €40 | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €40 | - |
| Financial charges65/66B | - | €3,043 | €2,908 | €2,711 | €1,261 | ▼ 53.5% |
| Recurring financial charges65 | €336 | €3,043 | €2,908 | €2,711 | €1,261 | ▼ 53.5% |
| Profit (loss) for the period before taxes9903 | €116,235 | €151,704 | €156,367 | €216,366 | €356,819 | ▲ 64.9% |
| Income taxes67/77 | €25,300 | €33,571 | €35,537 | €50,449 | €85,878 | ▲ 70.2% |
| Profit (loss) for the period9904 | €90,935 | €118,133 | €120,830 | €165,917 | €270,941 | ▲ 63.3% |
| Profit (loss) for the period to be appropriated9905 | €90,935 | €118,133 | €120,830 | €165,917 | €270,941 | ▲ 63.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,517 | €293,998 | €397,281 | €503,921 | €677,308 | ▲ 34.4% |
| Fixed assets21/28 | €1,455 | €3,671 | €9,534 | €8,956 | €7,171 | ▼ 19.9% |
| Tangible fixed assets22/27 | €1,455 | €3,671 | €9,534 | €8,956 | €7,171 | ▼ 19.9% |
| Plant, machinery and equipment23 | - | - | €6,723 | €6,009 | €5,295 | ▼ 11.9% |
| Furniture and vehicles24 | - | €3,671 | €2,810 | €2,947 | €1,876 | ▼ 36.3% |
| Current assets29/58 | €142,063 | €290,327 | €387,748 | €494,965 | €670,137 | ▲ 35.4% |
| Amounts receivable within one year40/41 | €31,875 | €193 | €34,901 | €39,144 | €39,527 | ▲ 1.0% |
| Trade receivables40 | - | €193 | €34,901 | €38,806 | €39,527 | ▲ 1.9% |
| Other amounts receivable41 | - | - | - | €338 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €109,141 | €289,234 | €351,482 | €454,355 | €629,351 | ▲ 38.5% |
| Deferred charges and accrued income490/1 | - | €900 | €1,365 | €1,466 | €1,259 | ▼ 14.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,517 | €293,998 | €397,281 | €503,921 | €677,308 | ▲ 34.4% |
| Equity10/15 | €91,935 | €210,068 | €330,898 | €1,000 | €154,294 | ▲ 15,329% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €90,935 | €209,068 | €329,898 | €0 | €153,294 | - |
| Distributable reserves133 | - | €209,068 | €329,898 | €0 | €153,294 | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €51,583 | €83,930 | €66,384 | €502,921 | €523,014 | ▲ 4.0% |
| Amounts payable within one year42/48 | €51,200 | €82,755 | €65,057 | €501,353 | €522,514 | ▲ 4.2% |
| Trade debts44 | €2,476 | €1,563 | €1,554 | €3,218 | €3,219 | = |
| Suppliers440/4 | - | €1,563 | €1,554 | €3,218 | €3,219 | = |
| Taxes, remuneration and social security45 | - | €63,500 | €44,681 | €12,207 | €24,722 | ▲ 103% |
| Taxes450/3 | - | €63,500 | €44,681 | €12,207 | €24,722 | ▲ 103% |
| Other amounts payable47/48 | - | €17,692 | €18,822 | €485,928 | €494,573 | ▲ 1.8% |
| Accrued charges and deferred income492/3 | - | €1,175 | €1,326 | €1,568 | €500 | ▼ 68.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,935 | €118,133 | €120,830 | €165,917 | €270,941 | ▲ 63.3% |
| + Depreciation and write-downs630 | €197 | €435 | €1,279 | €1,628 | €1,785 | ▲ 9.6% |
| Operating cash flow (approximation) | €91,132 | €118,568 | €122,110 | €167,545 | €272,726 | ▲ 62.8% |
| Investment in fixed assets (approximation) | - | -€2,651 | -€7,142 | -€1,050 | €0 | ▲ 100% |
| Change in cash | - | €180,092 | €62,248 | €102,873 | €174,996 | ▲ 70.1% |
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
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €270,941 ▲63.3%
Operating result €358,039, net result €270,941, both a record.
31-12
Financial
Equity above €150,000Eq €154,294 ▲15,329%
5 profitable years in a row build equity to €154,294.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €210,068 ▲128%
2 profitable years in a row build equity to €210,068.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Beringen · 1 establishment unit since 2020
Ground area
900 m²
Building footprint
184 m²
Volume, LiDAR
973 m³
Parcel 71382C1041/00N000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRAILBLAZER
since 20202.298.939.392
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71382C1041/00N000 | Flanders | 900 m² | 1 · 184 m² | 8.6 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 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,288 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
Founded28-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742610026
Also
9925:BE0742610026
Registered
18-06-2025
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.