TRAJECT
ActiveSummary
TRAJECT has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €589,394 and a net result of -€405,504. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 40% of 1,165 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-10-1992 Normal situation
- Registered office
- 39 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Other business support services NACE 82990and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment units
- 2.059.470.445 9000 Gent, since 06-11-1992
- 2.232.066.406 1000 Brussel, since 01-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Board and ownership
Board
- Marc TijssensDirector
- Pieter DeschampsDirector
- Werner EetezonneDirector
- Auditor
- KPMG Bedrijfsrevisoren BV/SRL
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Turnover
- €3.1m
- ▼ 25.1%
- Loss
- €405,504
- Equity
- €589,394
- ▼ 40.8%
- Total assets
- €1.6m
- ▼ 35.9%
- Employees on 31-12-2025
- 28
- ▼ 24.3%
Score breakdownraises riskLoss of €405,504 (financial year 2025)1 change of registered office in 24 monthsSize: turnover €3.1m, 30.8 FTE, total assets €1.6mlowers riskLiquidity: current ratio 1.89, cash €394,969Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 31% of small companies in office administrative support (NACE 82)
Financial strength · tick: 2024
Weak
Solvency
61-3
equity 35.8% of total assets
Liquidity
56+8
short-term debt 48.7% · cash 24.0%
Profitability
0-76
return on assets -24.6%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: 0.6%▼ -0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.89 (1.7 in 2024), above the usual 1.5. Short-term debt is 48.7% and cash 24% of total assets. However, 64.2% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small). It does better than 45% of them on solvency, 70% on liquidity, 1% on profitability and 9% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
19 days early
2023
1 day early
2022
20 days early
2021
27 days early
2020
16 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 33 filings
Turnover
€3.1m▼ 25.1%
2024 · €4.1m
EBIT margin
-13.0%▼ 22.8pp
2024 · 9.8%
Net result
-€405,504
2024 · €278,533
Working capital
€714,216▼ 24.6%
2024 · €946,883
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€3.1m
▼ 25.1%
2025
20182025
Operating result
-€401,538
2025
20182025
Net result
-€405,504
2025
lowest quarter of the sector
20182025
EBIT margin
-13.0%
▼ 22.8pp
2025
20182025
Equity
€589,394
▼ 40.8%
2025
middle half of the sector
20182025
Total assets
€1.6m
▼ 35.9%
2025
middle half of the sector
20182025
Debt
€881,558
▼ 44.1%
2025
20182025
Working capital
€714,216
▼ 24.6%
2025
middle half of the sector
20182025
Solvency
35.8%
▼ 2.9pp
2025
middle half of the sector
20182025
Current ratio
1.89
▲ 0.19
2025
middle half of the sector
20182025
Return on assets (ROA)
-24.6%
▼ 35.4pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
30.8
▼ 15.4%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€2.2m€2.6m▲ 18.7%€3.6m▲ 40.4%€3.9m▲ 7.6%€3.8m▼ 1.0%€4.1m▲ 7.8%€3.1m▼ 25.1%
Operating result€0.1m-€0.2m▲ 72.3%€0.2m▼ 18.1%€0.4m▲ 128%€0.2m▼ 44.6%€0.2m▼ 8.4%€0.4m▲ 82.1%-€0.4m
Net result€0.09m-€0.1m▲ 64.4%€0.1mwithin the sector's middle half▼ 12.4%€0.3mabove the sector's middle half▲ 133%€0.2mwithin the sector's middle half▼ 47.2%€0.1mwithin the sector's middle half▼ 9.2%€0.3mabove the sector's middle half▲ 94.2%-€0.4mbelow the sector's middle half
EBIT margin10.8%7.5%▼ 3.3pp12.1%▲ 4.7pp6.2%▼ 5.9pp5.8%▼ 0.5pp9.8%▲ 4.0pp-13.0%▼ 22.8pp
Equity€0.4m-€0.5m▲ 19.2%€0.5mwithin the sector's middle half▲ 12.0%€0.7mwithin the sector's middle half▲ 23.4%€0.8mwithin the sector's middle half▲ 13.0%€0.8mwithin the sector's middle half▲ 9.8%€1.0mwithin the sector's middle half▲ 18.4%€0.6mwithin the sector's middle half▼ 40.8%
Total assets€0.9m-€1.2m▲ 36.8%€1.6mwithin the sector's middle half▲ 33.4%€2.0mwithin the sector's middle half▲ 23.3%€2.2mwithin the sector's middle half▲ 9.5%€2.2mwithin the sector's middle half▼ 0.5%€2.6mwithin the sector's middle half▲ 17.6%€1.6mwithin the sector's middle half▼ 35.9%
Debt€0.5m-€0.7m▲ 51.8%€1.1m▲ 47.7%€1.3m▲ 23.3%€1.4m▲ 7.7%€1.3m▼ 6.0%€1.6m▲ 17.1%€0.9m▼ 44.1%
Working capital€0.4m-€0.5m▲ 22.2%€0.4mwithin the sector's middle half▼ 12.6%€0.5mwithin the sector's middle half▲ 34.5%€0.5mwithin the sector's middle half▲ 0.5%€0.7mwithin the sector's middle half▲ 34.7%€0.9mabove the sector's middle half▲ 32.3%€0.7mwithin the sector's middle half▼ 24.6%
Solvency46.0%-40.1%▼ 5.9pp33.7%within the sector's middle half▼ 6.4pp33.7%within the sector's middle half=34.8%within the sector's middle half▲ 1.1pp38.4%within the sector's middle half▲ 3.6pp38.7%within the sector's middle half▲ 0.3pp35.8%within the sector's middle half▼ 2.9pp
Current ratio1.81-1.69▼ 0.131.42within the sector's middle half▼ 0.271.47within the sector's middle half▲ 0.061.41within the sector's middle half▼ 0.071.61within the sector's middle half▲ 0.211.70within the sector's middle half▲ 0.081.89within the sector's middle half▲ 0.19
Return on assets (ROA)10.0%-12.0%▲ 2.0pp7.9%within the sector's middle half▼ 4.1pp14.9%above the sector's middle half▲ 7.0pp7.2%within the sector's middle half▼ 7.7pp6.6%within the sector's middle half▼ 0.6pp10.8%within the sector's middle half▲ 4.3pp-24.6%below the sector's middle half▼ 35.4pp
Staff (FTE)18.9-21.8▲ 15.3%28.8above the sector's middle half▲ 32.1%34.6above the sector's middle half▲ 20.1%39.6above the sector's middle half▲ 14.5%38.5above the sector's middle half▼ 2.8%36.4above the sector's middle half▼ 5.5%30.8above the sector's middle half▼ 15.4%
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €401,538, after a profit of €401,214 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€132,316 ▼ 50.3%
Current assets
€1.5m ▼ 34.3%
Equity and liabilities €1.6m
Equity
€589,394 ▼ 40.8%
Provisions
€177,625
Debt
€881,558 ▼ 44.1%
Debt's share of the balance-sheet total falls from 61.3% to 53.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€354,297▼
2024 · €456,325
Cash flow
-€358,263▼
2024 · €333,644
Debt to equity
1.50▼
2024 · 1.59
ROE
-68.8%▼
2024 · 28.0%
Interest coverage
-79.41▼
2024 · 50.81
Debt ≤ 1 year
€802,045▼
2024 · €1.4m
Income taxes
€568▼
2024 · €114,704
Customer credit
115 days▼
2024 · 155 days
Supplier credit
306 days▼
2024 · 329 days
Staff costs
€2.4m▼
2024 · €2.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 38 | 41 | 38 | 37 | 28 |
| full-time | 34 | 36 | 27 | 23 | 14 |
| part-time | 4 | 5 | 11 | 14 | 14 |
| in full-time equivalents | 37.3 | 40.1 | 36.2 | 34.6 | 25.9 |
| Average over the year, in full-time equivalents | 34.6 | 39.6 | 38.4 | 36.4 | 30.8 |
| On a permanent contract | 38 | 41 | 38 | 37 | 27 |
| Joined | 12 | 7 | 2 | 5 | 0 |
| Left | 8 | 4 | 5 | 6 | 9 |
| Agency workers, average number | 0.5 | 0.5 | 0.1 | - | - |
| Training hours | 630 | - | - | - | 16 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €110,000 | - | - | - | - |
| Pledge on the business | €350,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €83,260 | €38,385 | €34,155 | €45,455 | €14,685 |
| Intangible fixed assets | - | €16,629 | - | - | - |
| Depreciation and write-downs of the year | €43,994 | €57,498 | €62,516 | €55,111 | €47,240 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €6,000 | €6,650 | €6,900 | €6,500 | €6,695 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €68,179 awarded · €68,179 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €29,777 | €29,777 |
| 2024 | 3 | €33,460 | €33,460 |
| 2023 | 2 | €3,073 | €3,073 |
| 2022 | 1 | €1,869 | €1,869 |
European Union, budget
2021 · 2 entries · €187,823 in totalProjects
SCALE-UP - SCALE UP USER-CENTRIC AND DATA DRIVEN SOLUTIONS FOR CONNECTED URBAN POLES
European research
3 projects · €609,613 EU contributionProgrammes
Projects
Furthering Less Congestion by creating Opportunities for more Walking and cycling
Scale up user-Centric and dAta driven soLutions for connEcted Urban Poles
PORT-Cities: Integrating Sustainability
Public contracts
3 awards · 2025 to 2026
Logistiek advies voor UZ Leuven
Facilitateurs "Mobility & Fleet" et "Cobrace": Facilitateurs "Mobility & Fleet"
Facilitateurs "Mobility & Fleet" et "Cobrace": Facilitateur Cobrace
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.6m | €3.9m | €3.8m | €4.2m | €3.2m | ▼ 23.2% |
| Turnover70 | - | €2.2m | €2.6m | €3.6m | €3.9m | €3.8m | €4.1m | €3.1m | ▼ 25.1% |
| Other operating income74 | - | - | - | €0.03m | €0.02m | €0.02m | €0.06m | €0.1m | ▲ 112% |
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Operating charges60/66A | - | - | - | €3.2m | €3.6m | €3.6m | €3.8m | €3.6m | ▼ 4.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.3m | €0.4m | €0.3m | €0.4m | €0.2m | ▼ 40.5% |
| Purchases600/8 | - | - | - | €0.3m | €0.4m | €0.3m | €0.4m | €0.2m | ▼ 40.5% |
| Services and other goods61 | - | - | - | €0.5m | €0.6m | €0.5m | €0.7m | €0.6m | ▼ 6.9% |
| Remuneration, social security and pensions62 | - | - | - | €2.3m | €2.6m | €2.7m | €2.6m | €2.4m | ▼ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.02m | €0.04m | €0.06m | €0.06m | €0.06m | €0.05m | ▼ 14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | €0.2m | - |
| Other operating charges640/8 | - | - | - | €0.008m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 2.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.08m | - |
| Gross operating margin9900 | €1.3m | - | - | - | - | - | - | - | - |
| Operating profit (loss)9901 | €0.1m | €0.2m | €0.2m | €0.4m | €0.2m | €0.2m | €0.4m | -€0.4m | - |
| Financial income75/76B | - | - | - | €0 | €28 | €279 | €0.001m | €0.002m | ▲ 46.4% |
| Recurring financial income75 | €7 | €2 | €70 | €0 | €28 | €279 | €0.001m | €0.002m | ▲ 46.4% |
| Income from current assets751 | - | - | - | €0 | - | €266 | €0.001m | €0.002m | ▲ 78.9% |
| Other financial income752/9 | - | - | - | €0 | €28 | €13 | €270 | €5 | ▼ 98.3% |
| Financial charges65/66B | - | - | - | €0.003m | €0.003m | €0.01m | €0.009m | €0.006m | ▼ 41.2% |
| Recurring financial charges65 | €0.001m | €0.002m | €0.005m | €0.003m | €0.003m | €0.01m | €0.009m | €0.006m | ▼ 41.2% |
| Debt charges650 | - | €0.002m | €0.001m | €426 | €0.002m | €0.01m | €0.009m | €0.004m | ▼ 50.3% |
| Other financial charges652/9 | - | - | - | €0.003m | €0.002m | €0.001m | €471 | €0.001m | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.2m | €0.2m | €0.4m | €0.2m | €0.2m | €0.4m | -€0.4m | - |
| Income taxes67/77 | €0.04m | €0.08m | €0.06m | €0.1m | €0.08m | €0.06m | €0.1m | €0.001m | ▼ 99.5% |
| Taxes670/3 | - | - | - | €0.1m | €0.08m | €0.06m | €0.1m | €0.001m | ▼ 99.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €0.09m | €0.1m | €0.1m | €0.3m | €0.2m | €0.1m | €0.3m | -€0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.1m | €0.1m | €0.3m | €0.2m | €0.1m | €0.3m | -€0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.2m | €1.6m | €2.0m | €2.2m | €2.2m | €2.6m | €1.6m | ▼ 35.9% |
| Fixed assets21/28 | €0.07m | €0.1m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.1m | ▼ 50.3% |
| Intangible fixed assets21 | - | - | - | - | €0.01m | €0.007m | €0.002m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.07m | ▼ 62.6% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.04m | €0.02m | €0.02m | €0.01m | ▼ 25.2% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.06m | €0.07m | €0.07m | €0.05m | ▼ 29.6% |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.04m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.07m | ▼ 24.0% |
| Other financial fixed assets284/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.07m | ▼ 24.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.07m | ▼ 24.0% |
| Current assets29/58 | €0.8m | €1.1m | €1.3m | €1.6m | €1.8m | €1.9m | €2.3m | €1.5m | ▼ 34.3% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.5m | €0.9m | €1.1m | €1.1m | €1.4m | €1.4m | €1.8m | €1.1m | ▼ 39.0% |
| Trade receivables40 | - | - | - | €1.1m | €1.3m | €1.4m | €1.7m | €1.0m | ▼ 44.6% |
| Other amounts receivable41 | - | - | - | - | €0.04m | €0.01m | €0.01m | €0.1m | ▲ 719% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.3m | €0.5m | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 23.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.09m | €0.03m | €0.03m | €0.05m | ▲ 65.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.2m | €1.6m | €2.0m | €2.2m | €2.2m | €2.6m | €1.6m | ▼ 35.9% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.7m | €0.8m | €0.8m | €1.0m | €0.6m | ▼ 40.8% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.5m | €0.6m | €0.6m | €0.8m | €0.4m | ▼ 51.8% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.6m | €0.8m | €0.4m | ▼ 53.5% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €0.2m | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €0.2m | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | - | €0.2m | - |
| Amounts payable17/49 | €0.5m | €0.7m | €1.1m | €1.3m | €1.4m | €1.3m | €1.6m | €0.9m | ▼ 44.1% |
| Amounts payable after more than one year17 | - | - | €0.1m | €0.08m | €0.05m | €0.02m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.08m | €0.05m | €0.02m | €0 | - | - |
| Credit institutions173 | - | - | - | €0.08m | €0.05m | €0.02m | €0 | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.7m | €0.9m | €1.1m | €1.3m | €1.2m | €1.4m | €0.8m | ▼ 41.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 36.8% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 36.8% |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.2m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 44.7% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 44.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | ▼ 28.4% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 35.9% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 22.4% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.07m | €0.07m | €0.1m | €0.006m | ▼ 95.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.08m | €0.2m | €0.2m | €0.08m | ▼ 63.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89,016 | €146,321 | €128,158 | €299,000 | €157,973 | €143,441 | €278,533 | -€405,504 | - |
| + Depreciation and write-downs630 | €23,900 | €22,977 | €20,274 | €43,994 | €57,498 | €62,516 | €55,111 | €47,240 | ▼ 14.3% |
| Operating cash flow (approximation) | €112,916 | €169,298 | €148,432 | €342,994 | €215,471 | €205,956 | €333,644 | -€358,263 | - |
| Investment in fixed assets (approximation) | - | -€66,249 | -€197,337 | -€112,994 | -€53,374 | -€9,484 | -€17,717 | €86,424 | - |
| Change in cash | - | -€57,170 | €36,452 | €278,710 | -€136,194 | €89,047 | €32,210 | -€124,066 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 929 companies had the same profile as TRAJECT has now. Two years later, 90.1% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
90.1%
was still going
8.8%
stopped otherwise
1.1%
went bankrupt
That fits the bankruptcy probability of TRAJECT itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 929 companies, not a prediction for TRAJECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00285661 | |
| 31-12-2024 | full format | 12-07-2025 | 2025-00269530 | |
| 31-12-2023 | full format | 30-07-2024 | 2024-00302165 | |
| 31-12-2022 | full format | 11-07-2023 | 2023-00227404 | |
| 31-12-2021 | full format | 04-07-2022 | 2022-20124059 | |
| 31-12-2020 | full format | 15-07-2021 | 2021-36700105 | |
| 31-12-2019 | full format | 23-07-2020 | 2020-33400510 | |
| 31-12-2018 | abbreviated format | 04-07-2019 | 2019-29600245 | |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-26000340 | |
| 31-12-2016 | abbreviated format | 01-06-2017 | 2017-14200001 |
Board & ownership
Directors
Directors
3 directors, last change in 2026
Board 3
Marc Tijssens
Current
Director · in office according to the act of 12-07-2023 · 3-year term from 2026
Pieter Deschamps
Current
Director · appointed in the act of 22-09-2025 · 3-year term from 2026
Werner Eetezonne
Current
Director and chair of the board · appointed in the act of 13-07-2026 · 3-year term from 2026
Statutory auditor 1
KPMG Bedrijfsrevisoren BV/SRL
Current
Statutory auditor · since 16-06-2024 · 3-year term from 2024 · permanent representative: Ellemarie Bex · listed in the 2025 annual accounts, filed on 08-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“§ 7. Dagelijks bestuur De raad van bestuur kan het dagelijks bestuur, alsook de vertegenwoordiging van de vennootschap wat dat bestuur…”
deed of 12-07-2023Owners and capital
Shareholders
2 ownersChain of control
- KBC Groep
- KBC VERZEKERINGEN
- Groep VAB
- VAB
- TRAJECT
Owners 2
- VABparentEquity €65.6m Profit of €6.5m in 2025 (profit of €500,950 in 2024) Checked score 9676.14%
- Sourceown accounts 2025Equity €557,633 Profit of €20,012 in 2025 (profit of €34,429 in 2024) Checked score 9123.86%
Capital transactions
Capital over time
- 12-07-2023 Capital stated in the deed · €211,500 · 4,338 shares
Mandate history
8 people, 4 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Marc Tijssens |
|
| Pieter Deschamps |
|
| Werner Eetezonne |
|
| KPMG Bedrijfsrevisoren BV/SRL |
|
| Geert Markey |
|
| Angelo Meuleman |
|
| Moore Audit |
|
| David Van Kesteren |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Hoogstens zes jaar, 3”“Bij verhindering vervangen door andere bestuurder aangeduid door collega's, bij gebrek overeenstemming door oudste aanwezige bestuurder…”“Elke bestuurder kan aan één collega volmacht voor bepaalde raad en stemming, schriftelijk of wijze met materieel spoor, lastgever geacht…”
Articles of association, deed of 12-07-2023 (in Dutch)
Network & group
Part of the group
KBC Groep
75 companies
Group, risk and exposure
Companies at the same address
38 other companies- FLEXI WERK BV Registered office · since 2026 1033563704
- SANITA Registered office · since 2025 1024800248
- SCHELDESTROMEN Registered office · since 2025 1021694070
- Marco & De Muze Establishment · since 2025 1020714469
- FHiN Registered office · since 2024 1011948045
- WildStrike Registered office · since 2023 0799494091
- Cleaningland Registered office · since 2022 0794204623
- MG-TRANS Registered office · since 2022 0793403877
- DDP Consult Registered office · since 2022 0790130821
- Infra42 Registered office · since 2022 0787724825
Connections & network
3 current directorsThe network starts from the directors of TRAJECT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
20-07
Gazette deed
Registered office moved within GentNew seat: 9000 Gent, Eedverbondkaai 242 · Previous seat: 9000 Gent, Martelaarslaan 21 bus 4012 points ▸
Gazette deed
Registered office moved within Gent
New seat: 9000 Gent, Eedverbondkaai 242 · Previous seat: 9000 Gent, Martelaarslaan 21 bus 4012 points ▸
- Board meeting, 16-07-2026
- Registered-office move, 9000 Gent, Eedverbondkaai 242
13-07
Gazette deed
1 director appointed, 1 director resigning, 2 reappointedReappointments: Marc Tijssens (director) and Pieter Deschamps (director) · Resignation: Geert Markey (director) · Appointment: Werner Eetezonne (director and chair of the board)5 points ▸
Gazette deed
1 director appointed, 1 director resigning, 2 reappointed
Reappointments: Marc Tijssens (director) and Pieter Deschamps (director) · Resignation: Geert Markey (director) · Appointment: Werner Eetezonne (director and chair of the board)5 points ▸
- General meeting, 18-06-2026
- Director reappointment, Marc Tijssens (director)
- Director reappointment, Pieter Deschamps (director)
- Director resignation, Geert Markey (director)
- Director appointment, Werner Eetezonne (director and chair of the board)
08-07
full format · 23 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€405,504
The net result drops to -€405,504, the lowest from 2018 to 2025.
22-09
Gazette deed
Appointment: Pieter Deschamps (director)2 points ▸
Gazette deed
Appointment: Pieter Deschamps (director)
2 points ▸
- Director appointment, Pieter Deschamps (director), mentioned 2 times in the deed
- Other provision, “form fields” (deed in Dutch)
12-07
full format · 19 days before the deadline
10-06
Gazette deed
Power of attorney: Geert Markey7 points ▸
Gazette deed
Power of attorney: Geert Markey
7 points ▸
- Board meeting, 17-03-2025
- Power of attorney, mentioned 3 times in the deed
- Other provision, “Manager, Groep A: Leden van het management team” (deed in Dutch), mentioned 5 times in the deed
- Other provision, “Finance advisor, Groep B” (deed in Dutch)
- Other provision, “People advisor, Groep B” (deed in Dutch)
- Other provision, “Organisation manager, Groep B” (deed in Dutch)
- Power of attorney, Geert Markey
28-05
Gazette deed
Resignation: Angelo Meuleman (director)Appointment: Pieter Deschamps (director)3 points ▸
Gazette deed
Resignation: Angelo Meuleman (director)
Appointment: Pieter Deschamps (director)3 points ▸
- Director resignation, Angelo Meuleman (director)
- Board meeting, 22-11-2024
- Director appointment, Pieter Deschamps (director)
2024
08-10
Gazette deed
1 director appointed, 1 director resigningResignation: Moore (statutory auditor) · Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representative: Ellemarie Bex4 points ▸
Gazette deed
1 director appointed, 1 director resigning
Resignation: Moore (statutory auditor) · Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representative: Ellemarie Bex4 points ▸
- General meeting, 16-06-2024
- Auditor resignation, Moore (statutory auditor)
- Auditor appointment, KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
- Permanent representative, Ellemarie Bex
30-07
full format · 1 day before the deadline
2023
12-07
Gazette deed
Reappointments: Tijssens Marc, Markey Geert and Meuleman AngeloAmendment of the articles · Capital · Registered office clause7 points ▸
Gazette deed
Reappointments: Tijssens Marc, Markey Geert and Meuleman Angelo
Amendment of the articles · Capital · Registered office clause7 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 5 times in the deed
- Capital, €211,500
- Registered office clause, “9000 Gent,Martelaarslaan 21 bus 401” (deed in Dutch)
- Director reappointment, Tijssens Marc (director)
- Director reappointment, Markey Geert (director)
- Director reappointment, Meuleman Angelo (director)
11-07
full format · 20 days before the deadline
Show earlier events
2022
10-10
Gazette deed
Resignation: David Van Kesteren (director)Appointment: Angelo Meuleman (director)5 points ▸
Gazette deed
Resignation: David Van Kesteren (director)
Appointment: Angelo Meuleman (director)5 points ▸
- General meeting, 15-06-2022
- Other provision, 15-06-2022, mentioned 3 times in the deed
- Director resignation, David Van Kesteren (director)
- Director appointment, Angelo Meuleman (director)
- Other provision, “dankbetuiging” (deed in Dutch)
04-07
full format · 27 days before the deadline
04-03
Gazette deed
Reappointment: Moore Audit BV (statutory auditor)Permanent representative: Pieterjan Boeykens3 points ▸
Gazette deed
Reappointment: Moore Audit BV (statutory auditor)
Permanent representative: Pieterjan Boeykens3 points ▸
- General meeting, 17-06-2021
- Auditor reappointment, Moore Audit BV (statutory auditor)
- Permanent representative, Pieterjan Boeykens
2021
31-12
Financial
Highest result from 2018 to 2025net €299,000 ▲133%
The operating result of €434,345 and the net result of €299,000 are both a record.
15-07
full format · 16 days before the deadline
2020
31-12
Financial
Equity above €500,000equity €548,955 ▲12%
With a profit in every financial year since 2018, equity grows to €548,955.
23-07
full format · 8 days before the deadline
2019
04-07
abbreviated format · 27 days before the deadline
2018
29-06
abbreviated format · 32 days before the deadline
2017
01-06
abbreviated format · 60 days before the deadline
1992
30-10
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
TRAJECT in Dutch
Enterprise number
0448.394.475
Legal form
Public limited company
Status
Active, normale toestand
Founded
09-10-1992
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 12-07-2023 (in Dutch)Registered office and establishments
Registered office
Eedverbondkaai 242, 9000 Gent, Belgium
Establishment units
TRAJECT, Martelaarslaan 21, 9000 Gent since 06-11-1992 · unit number 2.059.470.4456920101 Certified accountants and tax accountants
TRAJECT, Kantersteen 39-55, 1000 Brussel since 01-09-2009 · unit number 2.232.066.406
E-mail
TRAJECT@TRAJECT.be
Phone
093123433
Activities
NACEBEL 2025VAT activities
82990
Other business support services main activity
Social security (RSZ) activities
70200
Business and other management consultancy main activity
Codes under NACEBEL 2008
VAT activities
82990
Other business support services main activity
Social security (RSZ) activities
70220
Business consulting main activity
Codes under NACEBEL 2003
VAT activities
74879
main activity
Social security (RSZ) activities
74142
main activity
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 12-07-2023 (in Dutch)
“Alle diensten te creëren, te organiseren en te begeleiden die kunnen leiden tot een maatschappelijk en/of economisch verbeterde mobiliteit…”
3 activities
- Alle diensten te creëren, te organiseren en te begeleiden die kunnen leiden tot een maatschappelijk en/of economisch verbeterde mobiliteit of vervoerswijze-keuze ten gunste van het gemeenschappelijk vervoer, het openbaar vervoer of het langzaam verkeer op het vlak van het woon-werkverkeer, schoolverkeer, het recreatieve verkeer, het winkelverkeer, het zakenverkeer en het vrachtverkeer
- Daartoe mag zij alle hoegenaamde verrichtingen doen die rechtstreeks of onrechtstreeks verband houden met dit voorwerp
- Zij mag deelnemen in en samenwerken met alle ondernemingen die haar doelstellingen kunnen bevorderen
Invoicing and payment
VAT number
BE 0448.394.475
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 11:00
deed of 12-07-2023 (in Dutch)Environmental permits
1 application in Flanders since 2024
Bouwen of herbouwen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen of verwijderen; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen; Verwijderen van vrijstaande gebouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.4 ha
Building footprint
8,891 m²
Building volume
188,131 m³
Tallest building: 44.7 m.
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 |
| 44816K0955/00A014 | Flanders | 4,963 m² | 1 · 115 m² | 27.2 m · 2 |
| 44809I0826/00R000 | Flanders | 1,794 m² | 1 · 901 m² | 20.1 m · 1 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.