TRAMAZ
ActiveSummary
TRAMAZ has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,083 and a net result of -€1,658. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 87% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+21
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
cash: 0.1% of total assets, and 18.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
81.1%
Return on assets
-2.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,658
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
1 d early
2023
on the day
2022
7 d late
2021
20 d late
2020
10 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 7 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€1,345▼ 56.7%
2023 · €3,104
EBIT margin
-643.5%▲ 414.1pp
2023 · -1057.6%
Net result
-€1,658▲ 77.3%
2024 · -€7,301
Working capital
€45,131▼ 13.9%
2023 · €52,432
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
Turnover€427,380▲ 10.7%€198,493▼ 53.6%€3,104▼ 98.4%€1,345▼ 56.7%
Operating result€4,886▼ 40.2%-€52,837-€32,827▲ 37.9%-€8,655▲ 73.6%-€1,658▲ 80.8%
Net result€16,378within the sector's middle half▲ 166%€37,197within the sector's middle half▲ 127%-€32,919below the sector's middle half-€7,301below the sector's middle half▲ 77.8%-€1,658below the sector's middle half▲ 77.3%
EBIT margin1.1%▼ 1.0pp-26.6%▼ 27.8pp-1057.6%▼ 1031.0pp-643.5%▲ 414.1pp
Equity€56,764below the sector's middle half▲ 40.6%€93,961below the sector's middle half▲ 65.5%€61,042below the sector's middle half▼ 35.0%€53,741below the sector's middle half▼ 12.0%€52,083below the sector's middle half▼ 3.1%
Total assets€173,555below the sector's middle half▼ 15.3%€151,371below the sector's middle half▼ 12.8%€73,276below the sector's middle half▼ 51.6%€65,979below the sector's middle half▼ 10.0%€64,252below the sector's middle half▼ 2.6%
Debt€116,791▼ 29.1%€57,410▼ 50.8%€12,234▼ 78.7%€12,238=€12,169▼ 0.6%
Working capital-€8,740below the sector's middle half▲ 46.5%€102,982within the sector's middle half€52,432within the sector's middle half▼ 49.1%€45,131within the sector's middle half▼ 13.9%
Solvency32.7%within the sector's middle half▲ 13.0pp62.1%above the sector's middle half▲ 29.4pp83.3%above the sector's middle half▲ 21.2pp81.5%above the sector's middle half▼ 1.9pp81.1%above the sector's middle half▼ 0.4pp
Current ratio0.93below the sector's middle half▲ 0.074.76above the sector's middle half▲ 3.83
Return on assets (ROA)9.4%within the sector's middle half▲ 6.4pp24.6%above the sector's middle half▲ 15.1pp-44.9%below the sector's middle half▼ 69.5pp-11.1%below the sector's middle half▲ 33.9pp-2.6%below the sector's middle half▲ 8.5pp
Staff (FTE)1below the sector's middle half▼ 47.4%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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 stays negative: a loss of €1,658 in 2025 against €8,655 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,252
Fixed assets
€20,779 =
Current assets
€43,473 ▼ 3.8%
Equity and liabilities €64,252
Equity
€52,083 ▼ 3.1%
Debt
€12,169 ▼ 0.6%
Debt's share of the balance-sheet total rises from 18.5% to 18.9%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.23▲
2024 · 0.23
ROE
-3.2%▲
2024 · -13.6%
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 0.6% 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €427,380 | €198,493 | €3,104 | €1,345 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €338,712 | €239,201 | €28,348 | €9,882 | €1,538 | ▼ 84.4% |
| Remuneration, social security and pensions62 | €54,192 | €7,221 | €7,474 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,489 | €4,806 | - | - | - | - |
| Other operating charges640/8 | €101 | €102 | €109 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €88,668 | -€40,708 | -€25,244 | -€8,537 | -€1,538 | ▲ 82.0% |
| Operating profit (loss)9901 | €4,886 | -€52,837 | -€32,827 | -€8,655 | -€1,658 | ▲ 80.8% |
| Financial income75/76B | €14,216 | €107,482 | - | €1,471 | - | - |
| Recurring financial income75 | €14,216 | €107,482 | - | €1,471 | - | - |
| Financial charges65/66B | €1,679 | €910 | €92 | - | - | - |
| Recurring financial charges65 | €1,679 | €910 | €92 | - | - | - |
| Profit (loss) for the period before taxes9903 | €17,423 | €53,735 | -€32,919 | -€7,184 | -€1,658 | ▲ 76.9% |
| Income taxes67/77 | €1,045 | €16,538 | - | €117 | - | - |
| Profit (loss) for the period9904 | €16,378 | €37,197 | -€32,919 | -€7,301 | -€1,658 | ▲ 77.3% |
| Profit (loss) for the period to be appropriated9905 | €16,378 | €37,197 | -€32,919 | -€7,301 | -€1,658 | ▲ 77.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,555 | €151,371 | €73,276 | €65,979 | €64,252 | ▼ 2.6% |
| Fixed assets21/28 | €65,504 | €20,979 | €20,779 | €20,779 | €20,779 | = |
| Intangible fixed assets21 | €3,632 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €60,693 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Plant, machinery and equipment23 | €811 | - | - | - | - | - |
| Furniture and vehicles24 | €59,882 | - | - | - | - | - |
| Other tangible fixed assets26 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Financial fixed assets28 | €1,179 | €979 | €779 | €779 | €779 | = |
| Current assets29/58 | €108,051 | €130,392 | €52,497 | €45,200 | €43,473 | ▼ 3.8% |
| Stocks and contracts in progress3 | €2,400 | - | - | - | - | - |
| Stocks30/36 | €2,400 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €105,651 | €46,549 | €47,175 | €43,664 | €43,412 | ▼ 0.6% |
| Trade receivables40 | €100,294 | €41,549 | €40,055 | €40,055 | €40,055 | = |
| Other amounts receivable41 | €5,357 | €5,000 | €7,120 | €3,609 | €3,357 | ▼ 7.0% |
| Cash at bank and in hand54/58 | - | €83,843 | €5,322 | €1,536 | €61 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,555 | €151,371 | €73,276 | €65,979 | €64,252 | ▼ 2.6% |
| Equity10/15 | €56,764 | €93,961 | €61,042 | €53,741 | €52,083 | ▼ 3.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €89,546 | €89,546 | €89,546 | €89,546 | €89,546 | = |
| Tax-exempt reserves132 | €620 | €620 | €620 | €620 | €620 | = |
| Distributable reserves133 | €88,926 | €88,926 | €88,926 | €88,926 | €88,926 | = |
| Profit (loss) carried forward14 | -€51,374 | -€14,177 | -€47,096 | -€54,397 | -€56,055 | ▼ 3.0% |
| Amounts payable17/49 | €116,791 | €57,410 | €12,234 | €12,238 | €12,169 | ▼ 0.6% |
| Amounts payable within one year42/48 | €116,791 | €27,410 | €65 | €69 | - | - |
| Current portion of amounts payable after more than one year42 | €53,076 | - | - | - | - | - |
| Financial debts43 | €10,210 | - | - | - | - | - |
| Credit institutions430/8 | €10,210 | - | - | - | - | - |
| Trade debts44 | €6,700 | €1,381 | €65 | €69 | - | - |
| Suppliers440/4 | €6,700 | €1,381 | €65 | €69 | - | - |
| Taxes, remuneration and social security45 | €1,084 | €22,373 | - | - | - | - |
| Taxes450/3 | €1,084 | €22,373 | - | - | - | - |
| Other amounts payable47/48 | €45,721 | €3,656 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €30,000 | €12,169 | €12,169 | €12,169 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,378 | €37,197 | -€32,919 | -€7,301 | -€1,658 | ▲ 77.3% |
| + Depreciation and write-downs630 | €29,489 | €4,806 | - | - | - | - |
| Operating cash flow (approximation) | €45,867 | €42,003 | -€32,919 | -€7,301 | -€1,658 | ▲ 77.3% |
| Investment in fixed assets (approximation) | - | €39,719 | €200 | €0 | €0 | - |
| Change in cash | - | - | -€78,521 | -€3,786 | -€1,475 | ▲ 61.0% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€32,919
Net result drops to -€32,919, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 170current ratio 807.65
Current ratio from 4.76 to 807.65; short-term debt falls from €27,410 to €65.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €37,197 ▲127%
Net result €37,197, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 4.76
Current ratio from 0.93 to 4.76; short-term debt falls from €116,791 to €27,410.
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 20 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
31-12
Financial
Back to profitnet €6,163
Net result €6,163 after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
Show earlier events
2019
03-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 3 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Edegem · 1 establishment unit since 1977
Ground area
231 m²
Building footprint
118 m²
Volume, LiDAR
698 m³
Parcel 11013A0065/00T003, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Adrien de Gerlachestraat 23, 2650 Edegem
since 19772.013.818.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0065/00T003 | Flanders | 231 m² | 1 · 118 m² | 6.9 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.
Similar companies · same sector, comparable size
SIDH GLOBAL
BE 0860.246.379
Zaventem · Eq €52,018
MSBD
BE 0675.586.984
Couvin · Eq €52,289
GVH X-PRESS
BE 0438.853.536
Zonhoven · Eq €51,850
Bonkena
BE 0795.662.789
Antwerpen · Eq €52,360
Luka Consult
BE 0800.063.819
Antwerpen · Eq €51,653
Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,166 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)
Founded30-06-1977
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
49410Freight transport by road
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.