Tralec
ActiveSummary
Tralec has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €-8k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-18
Solvency77▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 2.68 in 2024; short-term debt: 43.2% and cash: 3.1% of total assets), and 47.9% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
52.1%
Return on assets
-5.7%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
30 d late
2023
129 d late
2022
25 d late
2021
29 d late
2020
47 d late
2019
412 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▼ 17.2%
2024 · €88k
2018: €32k
2019: €20k▼ -37.9% vs 2018lowest in 8 years
2020: €21k▲ +6.2% vs 2019
2021: €28k▲ +35.7% vs 2020
2022: €43k▲ +52.0% vs 2021
2023: €75k▲ +74.0% vs 2022
2024: €88k▲ +17.3% vs 2023highest in 8 years
2025: €73k▼ -17.2% vs 2024
2018 → 2025
Total assets
€140k▼ 3.5%
2024 · €145k
2018: €49klowest in 8 years
2019: €74k▲ +51.2% vs 2018
2020: €66k▼ -10.8% vs 2019
2021: €87k▲ +32.1% vs 2020
2022: €111k▲ +27.7% vs 2021
2023: €177k▲ +59.9% vs 2022highest in 8 years
2024: €145k▼ -18.3% vs 2023
2025: €140k▼ -3.5% vs 2024
2018 → 2025
Net result
€-8k
2024 · €13k
2018: €4k
2019: €-12k▼ -414% vs 2018lowest in 8 years
2020: €1k▲ +110% vs 2019
2021: €7k▲ +507% vs 2020
2022: €15k▲ +97.7% vs 2021
2023: €32k▲ +116% vs 2022highest in 8 years
2024: €13k▼ -59.3% vs 2023
2025: €-8k▼ -161% vs 2024
2018 → 2025
Working capital
€43k▼ 22.8%
2024 · €56k
2018: €21k
2019: €18k▼ -12.8% vs 2018
2020: €11k▼ -40.3% vs 2019lowest in 8 years
2021: €19k▲ +70.3% vs 2020
2022: €15k▼ -19.5% vs 2021
2023: €25k▲ +68.5% vs 2022
2024: €56k▲ +119% vs 2023highest in 8 years
2025: €43k▼ -22.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€43k▲ 52.0%€75k▲ 74.0%€88k▲ 17.3%€73k▼ 17.2%
2021: €28klowest in 5 years
2022: €43k▲ +52.0% vs 2021
2023: €75k▲ +74.0% vs 2022
2024: €88k▲ +17.3% vs 2023highest in 5 years
2025: €73k▼ -17.2% vs 2024
Operating result€7k-€17k▲ 135%€46k▲ 166%€20k▼ 56.9%€-8k
2021: €7k
2022: €17k▲ +135% vs 2021
2023: €46k▲ +166% vs 2022highest in 5 years
2024: €20k▼ -56.9% vs 2023
2025: €-8k▼ -140% vs 2024lowest in 5 years
Net result€7k-€15k▲ 97.7%€32k▲ 116%€13k▼ 59.3%€-8k
2021: €7k
2022: €15k▲ +97.7% vs 2021
2023: €32k▲ +116% vs 2022highest in 5 years
2024: €13k▼ -59.3% vs 2023
2025: €-8k▼ -161% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €20k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€36k ▼ 35.0%
Current assets
€103k ▲ 16.4%
Equity and liabilities €140k
Equity
€73k ▼ 17.2%
Debt
€67k ▲ 17.7%
Debt's share of the balance-sheet total rises from 39.3% to 47.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €47k
Cash flow
€15k▼
2024 · €40k
Current ratio
1.71▼
2024 · 2.68
Quick ratio
1.66▼
2024 · 2.58
Debt to equity
0.92▲
2024 · 0.65
ROE
-10.9%▼
2024 · 14.8%
ROA
-5.7%▼
2024 · 9.0%
Interest coverage
10.19▼
2024 · 21.50
Debt ≤ 1 year
€60k▲
2024 · €33k
Debt > 1 year
€7k▼
2024 · €24k
Staff costs
€14k▲
2024 · €0
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€145k€140k▼
Fixed assets21/28€56k€36k▼
Tangible fixed assets22/27€56k€36k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€14k€10k▼
Furniture and vehicles24€18k€11k▼
Leasing and similar rights25€20k€13k▼
Current assets29/58€89k€103k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€76k€91k▲
Trade receivables40€63k€75k▲
Other amounts receivable41€13k€16k▲
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€0€4k▲
Equity and liabilities
Total equity and liabilities10/49€145k€140k▼
Equity10/15€88k€73k▼
Contributions10/11€6k€6k=
Reserves13€82k€82k=
Distributable reserves133€82k€82k=
Profit (loss) carried forward14-€-15k
Amounts payable17/49€57k€67k▲
Amounts payable after more than one year17€24k€7k▼
Financial debts170/4€24k€7k▼
Amounts payable within one year42/48€33k€60k▲
Current portion of amounts payable after more than one year42€4k€8k▲
Trade debts44€18k€40k▲
Suppliers440/4€18k€40k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€905▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€9k€7k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€0€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€23k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€51k€31k▼
Operating profit (loss)9901€20k€-8k▼
Financial income75/76B€198€1k▲
Recurring financial income75€198€1k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€18k€-8k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€13k€-8k▼
Profit (loss) for the period to be appropriated9905€13k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-8k▼
Transfer to equity691/2€13k-
To other reserves6921€13k-
Profit to be distributed694/7-€7k
Return on contributions (dividend)694-€7k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €272 | €11k | €7k | €0 | €14k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €12k | €23k | €27k | €23k | ▼ 17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-9k | €0 | - | - | - |
| Other operating charges640/8 | €1k | €10k | €5k | €4k | €2k | ▼ 55.7% |
| Gross operating margin9900 | €18k | €42k | €80k | €51k | €31k | ▼ 39.9% |
| Operating profit (loss)9901 | €7k | €17k | €46k | €20k | €-8k | ▼ 140% |
| Financial income75/76B | €976 | €289 | €106 | €198 | €1k | ▲ 594% |
| Recurring financial income75 | €976 | €289 | €106 | €198 | €1k | ▲ 594% |
| Financial charges65/66B | €664 | €1k | €2k | €2k | €1k | ▼ 34.3% |
| Recurring financial charges65 | €664 | €1k | €2k | €2k | €1k | ▼ 34.3% |
| Profit (loss) for the period before taxes9903 | €8k | €16k | €44k | €18k | €-8k | ▼ 144% |
| Income taxes67/77 | €261 | €2k | €12k | €5k | - | - |
| Profit (loss) for the period9904 | €7k | €15k | €32k | €13k | €-8k | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | €7k | €15k | €32k | €13k | €-8k | ▼ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €111k | €177k | €145k | €140k | ▼ 3.5% |
| Fixed assets21/28 | €27k | €49k | €79k | €56k | €36k | ▼ 35.0% |
| Tangible fixed assets22/27 | €27k | €49k | €79k | €56k | €36k | ▼ 35.0% |
| Land and buildings22 | - | - | €5k | €4k | €3k | ▼ 28.6% |
| Plant, machinery and equipment23 | €6k | €10k | €15k | €14k | €10k | ▼ 27.0% |
| Furniture and vehicles24 | €6k | €30k | €28k | €18k | €11k | ▼ 39.2% |
| Leasing and similar rights25 | €15k | €10k | €32k | €20k | €13k | ▼ 37.6% |
| Current assets29/58 | €59k | €61k | €98k | €89k | €103k | ▲ 16.4% |
| Stocks and contracts in progress3 | €3k | €3k | €3k | €3k | €3k | ▼ 9.8% |
| Stocks30/36 | €3k | €3k | €3k | €3k | €3k | ▼ 9.8% |
| Amounts receivable within one year40/41 | €51k | €55k | €76k | €76k | €91k | ▲ 19.8% |
| Trade receivables40 | €44k | €45k | €68k | €63k | €75k | ▲ 19.3% |
| Other amounts receivable41 | €7k | €10k | €8k | €13k | €16k | ▲ 22.2% |
| Cash at bank and in hand54/58 | €5k | - | €17k | €9k | €4k | ▼ 51.4% |
| Deferred charges and accrued income490/1 | €334 | €2k | €2k | €0 | €4k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €111k | €177k | €145k | €140k | ▼ 3.5% |
| Equity10/15 | €28k | €43k | €75k | €88k | €73k | ▼ 17.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €22k | €37k | €69k | €82k | €82k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €20k | €35k | €69k | €82k | €82k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-15k | - |
| Amounts payable17/49 | €58k | €68k | €102k | €57k | €67k | ▲ 17.7% |
| Amounts payable after more than one year17 | €18k | €21k | €30k | €24k | €7k | ▼ 72.4% |
| Financial debts170/4 | €18k | €21k | €30k | €24k | €7k | ▼ 72.4% |
| Amounts payable within one year42/48 | €41k | €46k | €72k | €33k | €60k | ▲ 82.2% |
| Current portion of amounts payable after more than one year42 | €10k | €17k | €22k | €4k | €8k | ▲ 130% |
| Financial debts43 | - | €4k | €0 | - | - | - |
| Credit institutions430/8 | - | €4k | €0 | - | - | - |
| Trade debts44 | €23k | €11k | €33k | €18k | €40k | ▲ 127% |
| Suppliers440/4 | €23k | €11k | €33k | €18k | €40k | ▲ 127% |
| Taxes, remuneration and social security45 | €563 | €2k | €2k | €3k | €5k | ▲ 73.1% |
| Taxes450/3 | €563 | €2k | €2k | €3k | €905 | ▼ 66.9% |
| Remuneration and social security454/9 | - | - | - | - | €4k | - |
| Other amounts payable47/48 | €7k | €12k | €16k | €9k | €7k | ▼ 21.3% |
| Accrued charges and deferred income492/3 | - | €57 | €75 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €15k | €32k | €13k | €-8k | ▼ 161% |
| + Depreciation and write-downs630 | €9k | €12k | €23k | €27k | €23k | ▼ 17.1% |
| Operating cash flow (approximation) | €17k | €26k | €55k | €40k | €15k | ▼ 63.7% |
| Investment in fixed assets (approximation) | - | €-34k | €-52k | €-4k | €-3k | ▲ 22.4% |
| Change in cash | - | - | - | €-8k | €-5k | ▲ 41.0% |
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
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 129 days late
2023
31-12
Financial
Highest result since 2018net €32k ▲116%
Operating result €46k, net result €32k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 412 days late
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Rijkevorsel · 1 establishment unit since 2015
Ground area
1,253 m²
Building footprint
167 m²
Volume, LiDAR
701 m³
Parcel 13502D0098/00B013, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tralec
since 20152.241.951.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502D0098/00B013 | Flanders | 1,253 m² | 1 · 167 m² | 9.6 m · 1 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
2024 to 2025 · 2 entries · 695 EUR awarded · 695 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 98 EUR | 98 EUR |
| 2024 | 1 | 597 EUR | 597 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,780 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
Founded12-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46130Agents in the wholesale of timber and building materials
Scores and ratios are computed by Checked and are not a credit decision.