TRAJO SERVICE
ActiveSummary
The computed 12-month bankruptcy probability of TRAJO SERVICE is 3.0% (moderate). The 2024 annual accounts show equity of €118k and a net result of €27k. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 6720 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-2
Solvency86▲+16
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.95 in 2023; short-term debt: 30.1% and cash: 17.5% of total assets), and 39.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 03-07-2025, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
22 d late
2022
29 d late
2021
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€118k▲ 30.4%
2023 · €90k
2021: €33klowest in 4 years
2022: €60k▲ +83.2% vs 2021
2023: €90k▲ +51.6% vs 2022
2024: €118k▲ +30.4% vs 2023highest in 4 years
2021 → 2024
Total assets
€194k▼ 2.4%
2023 · €198k
2021: €50klowest in 4 years
2022: €95k▲ +90.9% vs 2021
2023: €198k▲ +109% vs 2022highest in 4 years
2024: €194k▼ -2.4% vs 2023
2021 → 2024
Net result
€27k▼ 10.7%
2023 · €31k
2021: €30k
2022: €27k▼ -8.3% vs 2021lowest in 4 years
2023: €31k▲ +13.5% vs 2022highest in 4 years
2024: €27k▼ -10.7% vs 2023
2021 → 2024
Working capital
€80k▲ 50.0%
2023 · €53k
2021: €33k
2022: €30k▼ -7.9% vs 2021lowest in 4 years
2023: €53k▲ +78.2% vs 2022
2024: €80k▲ +50.0% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€33k-€60k▲ 83.2%€90k▲ 51.6%€118k▲ 30.4%
2021: €33klowest in 4 years
2022: €60k▲ +83.2% vs 2021
2023: €90k▲ +51.6% vs 2022
2024: €118k▲ +30.4% vs 2023highest in 4 years
Operating result€37k-€34k▼ 8.1%€42k▲ 22.7%€39k▼ 6.3%
2021: €37k
2022: €34k▼ -8.1% vs 2021lowest in 4 years
2023: €42k▲ +22.7% vs 2022highest in 4 years
2024: €39k▼ -6.3% vs 2023
Net result€30k-€27k▼ 8.3%€31k▲ 13.5%€27k▼ 10.7%
2021: €30k
2022: €27k▼ -8.3% vs 2021lowest in 4 years
2023: €31k▲ +13.5% vs 2022highest in 4 years
2024: €27k▼ -10.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €194k
Fixed assets
€55k ▼ 37.8%
Current assets
€138k ▲ 26.2%
Equity and liabilities €194k
Equity
€118k ▲ 30.4%
Debt
€76k ▼ 29.8%
Debt's share of the balance-sheet total falls from 54.5% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▼
2023 · €75k
Cash flow
€61k▼
2023 · €64k
Current ratio
2.37▲
2023 · 1.95
Debt to equity
0.65▼
2023 · 1.20
ROE
23.3%▼
2023 · 34.0%
ROA
14.2%▼
2023 · 15.5%
Interest coverage
17.70▼
2023 · 26.73
Debt ≤ 1 year
€58k▲
2023 · €56k
Debt > 1 year
€18k▼
2023 · €52k
Income taxes
€8k▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€198k€194k▼
Fixed assets21/28€89k€55k▼
Tangible fixed assets22/27€80k€46k▼
Plant, machinery and equipment23€1k€662▼
Furniture and vehicles24€79k€46k▼
Financial fixed assets28€9k€9k=
Current assets29/58€110k€138k▲
Amounts receivable within one year40/41€31k€32k▲
Trade receivables40€31k€29k▼
Other amounts receivable41-€2k
Current investments50/53-€65k
Cash at bank and in hand54/58€77k€34k▼
Deferred charges and accrued income490/1€1k€8k▲
Equity and liabilities
Total equity and liabilities10/49€198k€194k▼
Equity10/15€90k€118k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€87k€115k▲
Amounts payable17/49€108k€76k▼
Amounts payable after more than one year17€52k€18k▼
Financial debts170/4€52k€18k▼
Amounts payable within one year42/48€56k€58k▲
Current portion of amounts payable after more than one year42€33k€34k▲
Trade debts44€12k€14k▲
Suppliers440/4€12k€14k▲
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€10k€8k▼
Other amounts payable47/48€859€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€34k▲
Other operating charges640/8€10k€13k▲
Gross operating margin9900€88k€86k▼
Operating profit (loss)9901€42k€39k▼
Financial income75/76B€34€5▼
Recurring financial income75€34€5▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€39k€35k▼
Income taxes67/77€8k€8k▼
Profit (loss) for the period9904€31k€27k▼
Profit (loss) for the period to be appropriated9905€31k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€115k▲
Profit (loss) brought forward from the previous period14P€57k€87k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €155 | €672 | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5k | €33k | €34k | ▲ 1.0% |
| Other operating charges640/8 | €371 | €320 | €10k | €13k | ▲ 32.9% |
| Gross operating margin9900 | €38k | €40k | €88k | €86k | ▼ 1.6% |
| Operating profit (loss)9901 | €37k | €34k | €42k | €39k | ▼ 6.3% |
| Financial income75/76B | €2 | €1 | €34 | €5 | ▼ 84.4% |
| Recurring financial income75 | €2 | €1 | €34 | €5 | ▼ 84.4% |
| Financial charges65/66B | €66 | €56 | €3k | €4k | ▲ 46.4% |
| Recurring financial charges65 | €66 | €56 | €3k | €4k | ▲ 46.4% |
| Profit (loss) for the period before taxes9903 | €37k | €34k | €39k | €35k | ▼ 10.2% |
| Income taxes67/77 | €8k | €7k | €8k | €8k | ▼ 8.4% |
| Profit (loss) for the period9904 | €30k | €27k | €31k | €27k | ▼ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €30k | €27k | €31k | €27k | ▼ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €50k | €95k | €198k | €194k | ▼ 2.4% |
| Fixed assets21/28 | - | €47k | €89k | €55k | ▼ 37.8% |
| Tangible fixed assets22/27 | - | €38k | €80k | €46k | ▼ 42.0% |
| Plant, machinery and equipment23 | - | - | €1k | €662 | ▼ 37.7% |
| Furniture and vehicles24 | - | €38k | €79k | €46k | ▼ 42.1% |
| Financial fixed assets28 | - | €9k | €9k | €9k | = |
| Current assets29/58 | €50k | €48k | €110k | €138k | ▲ 26.2% |
| Amounts receivable within one year40/41 | €24k | €24k | €31k | €32k | ▲ 1.4% |
| Trade receivables40 | €24k | €24k | €31k | €29k | ▼ 5.8% |
| Other amounts receivable41 | €148 | - | - | €2k | - |
| Current investments50/53 | - | - | - | €65k | - |
| Cash at bank and in hand54/58 | €25k | €23k | €77k | €34k | ▼ 56.1% |
| Deferred charges and accrued income490/1 | €329 | €1k | €1k | €8k | ▲ 537% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €50k | €95k | €198k | €194k | ▼ 2.4% |
| Equity10/15 | €33k | €60k | €90k | €118k | ▲ 30.4% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €30k | €57k | €87k | €115k | ▲ 31.4% |
| Amounts payable17/49 | €17k | €35k | €108k | €76k | ▼ 29.8% |
| Amounts payable after more than one year17 | - | €17k | €52k | €18k | ▼ 66.0% |
| Financial debts170/4 | - | €17k | €52k | €18k | ▼ 66.0% |
| Amounts payable within one year42/48 | €17k | €18k | €56k | €58k | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €3k | €33k | €34k | ▲ 4.1% |
| Trade debts44 | €1k | €142 | €12k | €14k | ▲ 13.7% |
| Suppliers440/4 | €1k | €142 | €12k | €14k | ▲ 13.7% |
| Taxes, remuneration and social security45 | €16k | €15k | €10k | €8k | ▼ 18.6% |
| Taxes450/3 | €12k | €15k | €10k | €8k | ▼ 18.6% |
| Remuneration and social security454/9 | €4k | - | - | - | - |
| Other amounts payable47/48 | - | €818 | €859 | €2k | ▲ 97.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €27k | €31k | €27k | ▼ 10.7% |
| + Depreciation and write-downs630 | - | €5k | €33k | €34k | ▲ 1.0% |
| Operating cash flow (approximation) | €30k | €32k | €64k | €61k | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | - | €-75k | €0 | ▲ 100% |
| Change in cash | - | €-2k | €54k | €-43k | ▼ 180% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €118k ▲30.4%
4 profitable years in a row build equity to €118k.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2021net €31k ▲13.5%
Operating result €42k, net result €31k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €27k ▼8.3%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Geraardsbergen · 1 establishment unit since 2021
Ground area
1,221 m²
Building footprint
162 m²
Volume, LiDAR
901 m³
Parcel 41021A0486/00E000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRAJO SERVICE
since 20212.312.137.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41021A0486/00E000 | Flanders | 1,221 m² | 1 · 162 m² | 8.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 123 EUR awarded · 123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 42 EUR | 42 EUR |
| 2023 | 1 | 42 EUR | 42 EUR |
| 2022 | 1 | 39 EUR | 39 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,376 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
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.