TRAMMER
ActiveSummary
TRAMMER has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,294 and a net result of €20,528. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+92
Solvency69▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.47 in 2024; short-term debt: 56% and cash: 4.4% of total assets), but 56% of the assets are financed with debt.
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Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
44%
Return on assets
19.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 8 filingsDeviation from the deadline
2025
18 d late
2024
78 d late
2023
141 d late
2022
130 d late
2021
122 d late
2020
61 d late
2019
3 d early
← 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 78 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 30 November (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€46,294▲ 79.7%
2024 · €25,767
Total assets
€105,139▲ 47.6%
2024 · €71,249
Net result
€20,528
2024 · -€10,341
Working capital
€41,472▲ 92.4%
2024 · €21,555
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€5,716€8,846▲ 54.8%€20,442▲ 131%-€8,454€22,694
Net result€3,521within the sector's middle half€6,563within the sector's middle half▲ 86.4%€16,329within the sector's middle half▲ 149%-€10,341below the sector's middle half€20,528within the sector's middle half
Equity€18,216below the sector's middle half▲ 24.0%€24,779within the sector's middle half▲ 36.0%€36,108within the sector's middle half▲ 45.7%€25,767within the sector's middle half▼ 28.6%€46,294within the sector's middle half▲ 79.7%
Total assets€73,120within the sector's middle half▲ 0.5%€55,493below the sector's middle half▼ 24.1%€85,559within the sector's middle half▲ 54.2%€71,249within the sector's middle half▼ 16.7%€105,139within the sector's middle half▲ 47.6%
Debt€54,904▼ 5.5%€30,714▼ 44.1%€49,451▲ 61.0%€45,483▼ 8.0%€58,845▲ 29.4%
Working capital€5,813within the sector's middle half€18,406within the sector's middle half▲ 217%€32,825within the sector's middle half▲ 78.3%€21,555within the sector's middle half▼ 34.3%€41,472within the sector's middle half▲ 92.4%
Solvency24.9%within the sector's middle half▲ 4.7pp44.7%within the sector's middle half▲ 19.7pp42.2%within the sector's middle half▼ 2.4pp36.2%within the sector's middle half▼ 6.0pp44.0%within the sector's middle half▲ 7.9pp
Current ratio1.11below the sector's middle half▲ 0.131.60within the sector's middle half▲ 0.491.66within the sector's middle half▲ 0.061.47within the sector's middle half▼ 0.191.70within the sector's middle half▲ 0.23
Return on assets (ROA)4.8%within the sector's middle half▲ 7.8pp11.8%within the sector's middle half▲ 7.0pp19.1%above the sector's middle half▲ 7.3pp-14.5%below the sector's middle half▼ 33.6pp19.5%above the sector's middle half▲ 34.0pp
Staff (FTE)00.31▲ 233%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22,694 after a loss of €8,454 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,139
Fixed assets
€4,823 ▲ 14.5%
Current assets
€100,316 ▲ 49.6%
Equity and liabilities €105,139
Equity
€46,294 ▲ 79.7%
Debt
€58,845 ▲ 29.4%
Debt's share of the balance-sheet total falls from 63.8% to 56.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,631▲
2024 · -€5,141
Cash flow
€22,465▲
2024 · -€7,028
Quick ratio
1.69▲
2024 · 1.42
Debt to equity
1.27▼
2024 · 1.77
ROE
44.3%▲
2024 · -40.1%
Interest coverage
33.90▲
2024 · -2.72
Debt ≤ 1 year
€58,845▲
2024 · €45,483
Income taxes
€3,637
Staff costs
€12,365▲
2024 · €2,355
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 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% | 1.8% |
| 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 26,975 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 | €6,720 | €1,195 | €829 | €2,355 | €12,365 | ▲ 425% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,063 | €6,031 | €1,966 | €3,313 | €1,937 | ▼ 41.5% |
| Other operating charges640/8 | €662 | €590 | €940 | €27,480 | €2,805 | ▼ 89.8% |
| Gross operating margin9900 | €21,161 | €16,662 | €24,178 | €24,694 | €39,801 | ▲ 61.2% |
| Operating profit (loss)9901 | €5,716 | €8,846 | €20,442 | -€8,454 | €22,694 | ▲ 368% |
| Financial income75/76B | €1,270 | €1,006 | €89 | - | €2,198 | - |
| Recurring financial income75 | €1,270 | €1,006 | €89 | - | €2,198 | - |
| Financial charges65/66B | €1,981 | €1,465 | €736 | €1,888 | €727 | ▼ 61.5% |
| Recurring financial charges65 | €1,981 | €1,465 | €736 | €1,888 | €727 | ▼ 61.5% |
| Profit (loss) for the period before taxes9903 | €5,004 | €8,387 | €19,795 | -€10,341 | €24,165 | ▲ 334% |
| Income taxes67/77 | €1,484 | €1,824 | €3,466 | - | €3,637 | - |
| Profit (loss) for the period9904 | €3,521 | €6,563 | €16,329 | -€10,341 | €20,528 | ▲ 299% |
| Profit (loss) for the period to be appropriated9905 | €3,521 | €6,563 | €16,329 | -€10,341 | €20,528 | ▲ 299% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,120 | €55,493 | €85,559 | €71,249 | €105,139 | ▲ 47.6% |
| Fixed assets21/28 | €12,404 | €6,373 | €3,283 | €4,212 | €4,823 | ▲ 14.5% |
| Tangible fixed assets22/27 | €11,140 | €5,110 | €3,143 | €4,212 | €4,823 | ▲ 14.5% |
| Plant, machinery and equipment23 | €5,546 | €3,714 | €2,445 | €1,177 | €135 | ▼ 88.6% |
| Furniture and vehicles24 | €5,594 | €1,396 | €698 | €3,035 | €4,688 | ▲ 54.5% |
| Financial fixed assets28 | €1,263 | €1,263 | €140 | - | - | - |
| Current assets29/58 | €60,717 | €49,120 | €82,276 | €67,038 | €100,316 | ▲ 49.6% |
| Amounts receivable after more than one year29 | €15,000 | €30,000 | €30,000 | €19,238 | €21,333 | ▲ 10.9% |
| Other amounts receivable291 | €15,000 | €30,000 | €30,000 | €19,238 | €21,333 | ▲ 10.9% |
| Stocks and contracts in progress3 | €5,250 | €4,000 | €1,150 | €2,250 | €836 | ▼ 62.8% |
| Stocks30/36 | €5,250 | €4,000 | €1,150 | €2,250 | €836 | ▼ 62.8% |
| Contracts in progress37 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €36,830 | €15,055 | €51,126 | €44,322 | €72,539 | ▲ 63.7% |
| Trade receivables40 | €31,732 | €13,766 | €48,550 | €42,309 | €70,779 | ▲ 67.3% |
| Other amounts receivable41 | €5,098 | €1,289 | €2,576 | €2,013 | €1,759 | ▼ 12.6% |
| Cash at bank and in hand54/58 | €539 | - | - | - | €4,585 | - |
| Deferred charges and accrued income490/1 | €3,099 | €65 | - | €1,228 | €1,023 | ▼ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,120 | €55,493 | €85,559 | €71,249 | €105,139 | ▲ 47.6% |
| Equity10/15 | €18,216 | €24,779 | €36,108 | €25,767 | €46,294 | ▲ 79.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €10,156 | €16,719 | €28,048 | €17,707 | €38,234 | ▲ 116% |
| Amounts payable17/49 | €54,904 | €30,714 | €49,451 | €45,483 | €58,845 | ▲ 29.4% |
| Amounts payable within one year42/48 | €54,904 | €30,714 | €49,451 | €45,483 | €58,845 | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | €4,191 | - | - | - | - | - |
| Financial debts43 | €2,760 | €5,982 | €7,249 | €2,941 | €1,033 | ▼ 64.9% |
| Credit institutions430/8 | €2,760 | €5,982 | €7,249 | €2,941 | €1,033 | ▼ 64.9% |
| Trade debts44 | €43,905 | €17,379 | €24,314 | €22,392 | €47,407 | ▲ 112% |
| Suppliers440/4 | €43,905 | €17,379 | €24,314 | €22,392 | €39,070 | ▲ 74.5% |
| Bills of exchange payable441 | - | - | - | - | €8,336 | - |
| Advances received on contracts in progress46 | - | - | €7,050 | €17,027 | - | - |
| Taxes, remuneration and social security45 | €3,395 | €4,871 | €5,838 | €3,123 | €10,405 | ▲ 233% |
| Taxes450/3 | €3,283 | €3,259 | €5,838 | €3,123 | €6,532 | ▲ 109% |
| Remuneration and social security454/9 | €112 | €1,612 | - | - | €3,874 | - |
| Other amounts payable47/48 | €653 | €2,481 | €5,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,521 | €6,563 | €16,329 | -€10,341 | €20,528 | ▲ 299% |
| + Depreciation and write-downs630 | €8,063 | €6,031 | €1,966 | €3,313 | €1,937 | ▼ 41.5% |
| Operating cash flow (approximation) | €11,583 | €12,593 | €18,296 | -€7,028 | €22,465 | ▲ 420% |
| Investment in fixed assets (approximation) | - | €0 | €1,123 | -€4,242 | -€2,548 | ▲ 39.9% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Back to profitnet €20,528
Net result €20,528 after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
31-12
Financial
Weakest financial yearnet -€10,341
Net result drops to -€10,341, the lowest in the series; recovery starts the following year.
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 141 days late
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 130 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
31-12
Financial
Back to profitnet €3,521
Net result €3,521 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Zemst · 1 establishment unit since 2017
Ground area
1,168 m²
Building footprint
114 m²
Volume, LiDAR
765 m³
Parcel 23020C0227/00R003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TRAMMER
since 20172.267.792.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23020C0227/00R003 | Flanders | 1,168 m² | 1 · 114 m² | 8.8 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.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsSanitaire en verwarmingsinstallaties duaal (so)
Vakman installatietechnieken (vwo)
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,480. 2,959 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
Founded08-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680861707
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.