TRAINERS
ActiveSummary
TRAINERS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16,547 and a net result of -€2,146. Equity is growing by ~48.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-42
Solvency86▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.34 against 1.77 in 2023; short-term debt: 39.1% and cash: 23.3% of total assets), and 39.1% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.9%
Return on assets
-7.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
not confirmed
2024
69 d late
2023
77 d late
2022
443 d late
2021
26 d late
2020
19 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 117 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
In the rankings
#10 oldest company in Liège, Telecoms and IT sector
Turnover
€85,027
EBIT margin
26.9%
Net result
-€2,146
2023 · €13,010
Working capital
€14,264▼ 1.2%
2023 · €14,430
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20202021202220232024
Turnover€85,027
Operating result-€1,434▲ 70.0%€22,908€16,722▼ 27.0%€13,904▼ 16.9%€4,095▼ 70.5%
Net result-€2,266below the sector's middle half▲ 61.1%€22,139within the sector's middle half€14,981within the sector's middle half▼ 32.3%€13,010within the sector's middle half▼ 13.2%-€2,146below the sector's middle half
EBIT margin26.9%
Equity-€31,437below the sector's middle half▼ 7.8%-€9,298below the sector's middle half▲ 70.4%€5,683below the sector's middle half€18,693below the sector's middle half▲ 229%€16,547below the sector's middle half▼ 11.5%
Total assets€8,349below the sector's middle half▲ 154%€14,089below the sector's middle half▲ 68.8%€34,007below the sector's middle half▲ 141%€37,536below the sector's middle half▲ 10.4%€27,180below the sector's middle half▼ 27.6%
Debt€39,786▲ 22.6%€23,387▼ 41.2%€28,324▲ 21.1%€18,843▼ 33.5%€10,633▼ 43.6%
Working capital-€32,326below the sector's middle half▼ 8.7%-€9,705below the sector's middle half▲ 70.0%-€1,417below the sector's middle half▲ 85.4%€14,430within the sector's middle half€14,264within the sector's middle half▼ 1.2%
Solvency-376.5%below the sector's middle half-66.0%below the sector's middle half▲ 310.5pp16.7%below the sector's middle half▲ 82.7pp49.8%within the sector's middle half▲ 33.1pp60.9%within the sector's middle half▲ 11.1pp
Current ratio0.19below the sector's middle half0.59below the sector's middle half▲ 0.400.95below the sector's middle half▲ 0.361.77within the sector's middle half▲ 0.822.34within the sector's middle half▲ 0.58
Return on assets (ROA)-27.1%below the sector's middle half157.1%above the sector's middle half▲ 184.3pp44.1%above the sector's middle half▼ 113.1pp34.7%above the sector's middle half▼ 9.4pp-7.9%below the sector's middle half▼ 42.6pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 71% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27,180
Fixed assets
€2,283 ▼ 46.4%
Current assets
€24,897 ▼ 25.2%
Equity and liabilities €27,180
Equity
€16,547 ▼ 11.5%
Debt
€10,633 ▼ 43.6%
Debt's share of the balance-sheet total falls from 50.2% to 39.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,075▼
2023 · €17,450
Cash flow
-€166▼
2023 · €16,556
Debt to equity
0.64▼
2023 · 1.01
ROE
-13.0%▼
2023 · 69.6%
Interest coverage
5.84▼
2023 · 26.97
Debt ≤ 1 year
€10,633▼
2023 · €18,843
Income taxes
€5,243▲
2023 · €249
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 12,321 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €85,027 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €62,759 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €471 | €482 | €2,336 | €3,546 | €1,980 | ▼ 44.2% |
| Other operating charges640/8 | - | €454 | €546 | €640 | €957 | ▲ 49.5% |
| Gross operating margin9900 | -€509 | €23,844 | €19,604 | €18,090 | €7,032 | ▼ 61.1% |
| Operating profit (loss)9901 | -€1,434 | €22,908 | €16,722 | €13,904 | €4,095 | ▼ 70.5% |
| Financial income75/76B | - | - | - | €2 | €43 | ▲ 2,050% |
| Recurring financial income75 | - | - | - | €2 | €43 | ▲ 2,050% |
| Financial charges65/66B | - | €612 | €1,741 | €647 | €1,041 | ▲ 60.9% |
| Recurring financial charges65 | €658 | €612 | €1,741 | €647 | €1,041 | ▲ 60.9% |
| Profit (loss) for the period before taxes9903 | -€2,092 | €22,296 | €14,981 | €13,259 | €3,097 | ▼ 76.6% |
| Income taxes67/77 | €174 | €157 | - | €249 | €5,243 | ▲ 2,006% |
| Profit (loss) for the period9904 | -€2,266 | €22,139 | €14,981 | €13,010 | -€2,146 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | -€2,266 | €22,139 | €14,981 | €13,010 | -€2,146 | ▼ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,349 | €14,089 | €34,007 | €37,536 | €27,180 | ▼ 27.6% |
| Fixed assets21/28 | €889 | €407 | €7,178 | €4,263 | €2,283 | ▼ 46.4% |
| Tangible fixed assets22/27 | €889 | €407 | €7,178 | €4,263 | €2,283 | ▼ 46.4% |
| Furniture and vehicles24 | - | €407 | €5,089 | €2,390 | €626 | ▼ 73.8% |
| Other tangible fixed assets26 | - | - | €2,089 | €1,873 | €1,657 | ▼ 11.5% |
| Current assets29/58 | €7,460 | €13,682 | €26,829 | €33,273 | €24,897 | ▼ 25.2% |
| Amounts receivable within one year40/41 | €6,947 | €5,460 | €14,049 | €9,459 | €18,066 | ▲ 91.0% |
| Trade receivables40 | - | €5,460 | €14,029 | €9,429 | €10,372 | ▲ 10.0% |
| Other amounts receivable41 | - | - | €20 | €30 | €7,694 | ▲ 25,547% |
| Current investments50/53 | - | - | - | €100 | €100 | = |
| Cash at bank and in hand54/58 | €513 | €8,222 | €12,194 | €23,597 | €6,332 | ▼ 73.2% |
| Deferred charges and accrued income490/1 | - | - | €586 | €117 | €399 | ▲ 241% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,349 | €14,089 | €34,007 | €37,536 | €27,180 | ▼ 27.6% |
| Equity10/15 | -€31,437 | -€9,298 | €5,683 | €18,693 | €16,547 | ▼ 11.5% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €5,659 | €5,659 | €5,659 | €5,659 | €5,659 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €3,800 | €3,800 | €3,800 | €3,800 | = |
| Profit (loss) carried forward14 | -€55,688 | -€33,549 | -€18,568 | -€5,558 | -€7,704 | ▼ 38.6% |
| Amounts payable17/49 | €39,786 | €23,387 | €28,324 | €18,843 | €10,633 | ▼ 43.6% |
| Amounts payable within one year42/48 | €39,786 | €23,387 | €28,246 | €18,843 | €10,633 | ▼ 43.6% |
| Trade debts44 | €4,062 | €1,341 | €10,371 | €1,925 | €1,590 | ▼ 17.4% |
| Suppliers440/4 | - | €1,341 | €10,371 | €1,925 | €1,590 | ▼ 17.4% |
| Taxes, remuneration and social security45 | - | €3,956 | €3,000 | €4,712 | €9,043 | ▲ 91.9% |
| Taxes450/3 | - | €3,956 | €3,000 | €4,712 | €9,043 | ▲ 91.9% |
| Other amounts payable47/48 | - | €18,090 | €14,875 | €12,206 | - | - |
| Accrued charges and deferred income492/3 | - | - | €78 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,266 | €22,139 | €14,981 | €13,010 | -€2,146 | ▼ 116% |
| + Depreciation and write-downs630 | €471 | €482 | €2,336 | €3,546 | €1,980 | ▼ 44.2% |
| Operating cash flow (approximation) | -€1,795 | €22,621 | €17,317 | €16,556 | -€166 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €0 | -€9,107 | -€631 | €0 | ▲ 100% |
| Change in cash | - | €7,709 | €3,972 | €11,403 | -€17,265 | ▼ 251% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 443 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €22,139
Net result €22,139 after 3 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 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.
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, Liège · 1 establishment unit since 1992
Ground area
3,857 m²
Building footprint
1,444 m²
Volume, LiDAR
24,187 m³
2 parcels, Wallonia · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TRAINERS
since 19922.051.073.413
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0405/00E009 | Wallonia | 2,577 m² | 1 · 1,330 m² | 19.8 m · 6 fl. |
| 91382D0500/00F000 | Wallonia | 1,281 m² | 1 · 114 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 12,149 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 (pre-2019)
Founded04-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
85592Vocational training
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442638615
Also
9925:BE0442638615
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.