Tram 3
ActiveSummary
The computed 12-month bankruptcy probability of Tram 3 is 2.7% (moderate). The 2025 annual accounts show equity of €202,614 and a net result of €183,984. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 53% of 3762 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency57▼-38
Growth78=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 2.91 in 2024; short-term debt: 67.5% and cash: 37.5% of total assets), and 67.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.3%
Return on assets
29.3%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
57 d early
2024
16 d early
2023
33 d early
2022
17 d early
2021
130 d early
2020
61 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 32 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€202,614▼ 41.5%
2024 · €346,630
Total assets
€628,058▲ 26.4%
2024 · €496,776
Net result
€183,984▲ 10.9%
2024 · €165,899
Working capital
€131,457▼ 51.3%
2024 · €269,922
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20212022202320242025
Operating result€70,827▲ 172%€124,890▲ 76.3%€211,904▲ 69.7%€234,457▲ 10.6%€247,983▲ 5.8%
Net result€59,793within the sector's middle half▲ 240%€80,299above the sector's middle half▲ 34.3%€154,455above the sector's middle half▲ 92.3%€165,899above the sector's middle half▲ 7.4%€183,984above the sector's middle half▲ 10.9%
Equity€95,977within the sector's middle half▲ 165%€176,276within the sector's middle half▲ 83.7%€180,731within the sector's middle half▲ 2.5%€346,630within the sector's middle half▲ 91.8%€202,614within the sector's middle half▼ 41.5%
Total assets€270,484within the sector's middle half▲ 40.0%€351,455within the sector's middle half▲ 29.9%€336,832within the sector's middle half▼ 4.2%€496,776within the sector's middle half▲ 47.5%€628,058within the sector's middle half▲ 26.4%
Debt€174,507▲ 11.1%€175,178▲ 0.4%€156,101▼ 10.9%€150,146▼ 3.8%€425,444▲ 183%
Working capital€17,070within the sector's middle half€72,476within the sector's middle half▲ 325%€76,707within the sector's middle half▲ 5.8%€269,922above the sector's middle half▲ 252%€131,457above the sector's middle half▼ 51.3%
Solvency35.5%within the sector's middle half▲ 16.8pp50.2%within the sector's middle half▲ 14.7pp53.7%within the sector's middle half▲ 3.5pp69.8%above the sector's middle half▲ 16.1pp32.3%within the sector's middle half▼ 37.5pp
Current ratio1.12within the sector's middle half▲ 0.571.47within the sector's middle half▲ 0.351.55within the sector's middle half▲ 0.082.91above the sector's middle half▲ 1.361.31within the sector's middle half▼ 1.59
Return on assets (ROA)22.1%above the sector's middle half▲ 13.0pp22.8%above the sector's middle half▲ 0.7pp45.9%above the sector's middle half▲ 23.0pp33.4%above the sector's middle half▼ 12.5pp29.3%above the sector's middle half▼ 4.1pp
Staff (FTE)6.2within the sector's middle half5.2within the sector's middle half▼ 16.1%6.7within the sector's middle half▲ 28.8%6.5within the sector's middle half▼ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €628,058
Fixed assets
€72,844 ▼ 14.5%
Current assets
€555,214 ▲ 34.9%
Equity and liabilities €628,058
Equity
€202,614 ▼ 41.5%
Debt
€425,444 ▲ 183%
Debt's share of the balance-sheet total rises from 30.2% to 67.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€266,844▼
2024 · €275,249
Cash flow
€202,845▼
2024 · €206,691
Quick ratio
1.26▼
2024 · 2.74
Debt to equity
2.10▲
2024 · 0.43
ROE
90.8%▲
2024 · 47.9%
Interest coverage
102.80▲
2024 · 26.38
Debt ≤ 1 year
€423,757▲
2024 · €141,687
Debt > 1 year
€1,687▼
2024 · €8,349
Income taxes
€62,826▲
2024 · €58,996
Staff costs
€302,543▲
2024 · €250,439
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €193,088 | €214,385 | €250,439 | €302,543 | ▲ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,217 | €33,109 | €38,486 | €40,793 | €18,861 | ▼ 53.8% |
| Other operating charges640/8 | - | €3,272 | €3,898 | €2,879 | €5,396 | ▲ 87.4% |
| Gross operating margin9900 | €202,722 | €354,359 | €468,673 | €528,568 | €574,784 | ▲ 8.7% |
| Operating profit (loss)9901 | €70,827 | €124,890 | €211,904 | €234,457 | €247,983 | ▲ 5.8% |
| Financial income75/76B | - | €386 | €5 | €870 | €1,422 | ▲ 63.4% |
| Recurring financial income75 | €271 | €386 | €5 | €870 | €1,422 | ▲ 63.4% |
| Financial charges65/66B | - | €26,441 | €11,537 | €10,433 | €2,596 | ▼ 75.1% |
| Recurring financial charges65 | €2,481 | €12,441 | €11,537 | €10,433 | €2,596 | ▼ 75.1% |
| Non-recurring financial charges66B | - | €14,000 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €68,616 | €98,835 | €200,372 | €224,894 | €246,810 | ▲ 9.7% |
| Income taxes67/77 | €8,823 | €18,536 | €45,917 | €58,996 | €62,826 | ▲ 6.5% |
| Profit (loss) for the period9904 | €59,793 | €80,299 | €154,455 | €165,899 | €183,984 | ▲ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €59,793 | €80,299 | €154,455 | €165,899 | €183,984 | ▲ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270,484 | €351,455 | €336,832 | €496,776 | €628,058 | ▲ 26.4% |
| Fixed assets21/28 | €107,088 | €125,082 | €119,801 | €85,168 | €72,844 | ▼ 14.5% |
| Intangible fixed assets21 | €48,000 | €33,082 | €16,814 | €546 | €278 | ▼ 49.1% |
| Tangible fixed assets22/27 | €52,088 | €84,999 | €95,987 | €77,622 | €65,566 | ▼ 15.5% |
| Plant, machinery and equipment23 | - | €29,748 | €22,936 | €12,323 | €9,646 | ▼ 21.7% |
| Furniture and vehicles24 | - | €10,414 | €11,773 | €12,469 | €8,342 | ▼ 33.1% |
| Other tangible fixed assets26 | - | €44,837 | €61,277 | €52,829 | €47,579 | ▼ 9.9% |
| Financial fixed assets28 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Current assets29/58 | €163,397 | €226,373 | €217,031 | €411,608 | €555,214 | ▲ 34.9% |
| Stocks and contracts in progress3 | €5,015 | €5,747 | €7,972 | €23,604 | €21,506 | ▼ 8.9% |
| Stocks30/36 | - | €5,747 | €7,972 | €23,604 | €21,506 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €4,051 | €8,844 | €9,782 | €12,369 | €39,480 | ▲ 219% |
| Trade receivables40 | - | €4,041 | €1,205 | €5,017 | €3,969 | ▼ 20.9% |
| Other amounts receivable41 | - | €4,802 | €8,577 | €7,353 | €35,511 | ▲ 383% |
| Current investments50/53 | - | - | - | €50,144 | €255,454 | ▲ 409% |
| Cash at bank and in hand54/58 | €153,643 | €210,851 | €194,479 | €324,834 | €235,542 | ▼ 27.5% |
| Deferred charges and accrued income490/1 | - | €931 | €4,799 | €657 | €3,232 | ▲ 392% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270,484 | €351,455 | €336,832 | €496,776 | €628,058 | ▲ 26.4% |
| Equity10/15 | €95,977 | €176,276 | €180,731 | €346,630 | €202,614 | ▼ 41.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €77,377 | €157,676 | €162,131 | €328,030 | €184,014 | ▼ 43.9% |
| Distributable reserves133 | - | €157,676 | €162,131 | €328,030 | €184,014 | ▼ 43.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €174,507 | €175,178 | €156,101 | €150,146 | €425,444 | ▲ 183% |
| Amounts payable after more than one year17 | €27,556 | €21,281 | €14,880 | €8,349 | €1,687 | ▼ 79.8% |
| Financial debts170/4 | - | €21,281 | €14,880 | €8,349 | €1,687 | ▼ 79.8% |
| Amounts payable within one year42/48 | €146,327 | €153,897 | €140,324 | €141,687 | €423,757 | ▲ 199% |
| Current portion of amounts payable after more than one year42 | - | €7,068 | €6,401 | €6,531 | €6,662 | ▲ 2.0% |
| Financial debts43 | - | €127 | €31 | €48 | €21 | ▼ 56.2% |
| Credit institutions430/8 | - | €127 | €31 | €48 | €21 | ▼ 56.2% |
| Trade debts44 | €12,458 | €24,420 | €30,115 | €32,666 | €60,169 | ▲ 84.2% |
| Suppliers440/4 | - | €24,420 | €30,115 | €32,666 | €60,169 | ▲ 84.2% |
| Advances received on contracts in progress46 | - | €625 | €176 | €176 | €176 | = |
| Taxes, remuneration and social security45 | - | €60,456 | €72,124 | €75,224 | €58,383 | ▼ 22.4% |
| Taxes450/3 | - | €41,719 | €38,271 | €49,596 | €24,121 | ▼ 51.4% |
| Remuneration and social security454/9 | - | €18,737 | €33,853 | €25,627 | €34,262 | ▲ 33.7% |
| Other amounts payable47/48 | - | €61,201 | €31,477 | €27,042 | €298,346 | ▲ 1,003% |
| Accrued charges and deferred income492/3 | - | - | €897 | €110 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,793 | €80,299 | €154,455 | €165,899 | €183,984 | ▲ 10.9% |
| + Depreciation and write-downs630 | €27,217 | €33,109 | €38,486 | €40,793 | €18,861 | ▼ 53.8% |
| Operating cash flow (approximation) | €87,011 | €113,409 | €192,941 | €206,691 | €202,845 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€51,104 | -€33,205 | -€6,160 | -€6,537 | ▼ 6.1% |
| Change in cash | - | €57,208 | -€16,372 | €130,355 | -€89,292 | ▼ 168% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €183,984 ▲10.9%
Operating result €247,983, net result €183,984, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200,000Eq €346,630 ▲91.8%
5 profitable years in a row build equity to €346,630.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150,000Eq €176,276 ▲83.7%
3 profitable years in a row build equity to €176,276.
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.55 to 1.12.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2019
Ground area
837 m²
Building footprint
760 m²
Volume, LiDAR
6,567 m³
Parcel 11804D0426/00D000, Flanders · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tram 3
since 20192.285.310.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0426/00D000 | Flanders | 837 m² | 1 · 760 m² | 16.7 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 8,535 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
Founded07-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719977154
Also
9925:BE0719977154
Registered
09-10-2025
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.