TRAMONTANA
ActiveSummary
TRAMONTANA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146k and a net result of €17k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74=
Solvency59▼-13
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.66 in 2024; short-term debt: 66.2% and cash: 15% of total assets), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
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
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
33.8%
Return on assets
3.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
43 d early
2023
43 d early
2022
49 d early
2021
42 d early
2020
45 d early
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€146k▼ 25.4%
2024 · €196k
2019: €149k
2020: €65k
2021: €59k
2022: €125k
2023: €178k
2024: €196k
2019 → 2025
Total assets
€432k▲ 3.0%
2024 · €419k
2019: €381k
2020: €708k
2021: €648k
2022: €356k
2023: €418k
2024: €419k
2019 → 2025
Net result
€17k▼ 3.4%
2024 · €17k
2019: €10k
2020: €-83k
2021: €-6k
2022: €87k
2023: €53k
2024: €17k
2019 → 2025
Working capital
€109k▼ 26.0%
2024 · €147k
2019: €145k
2020: €63k
2021: €58k
2022: €125k
2023: €175k
2024: €147k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€125k▲ 113%€178k▲ 42.2%€196k▲ 9.8%€146k▼ 25.4%
Operating result€-5k-€95k€60k▼ 36.9%€20k▼ 65.9%€23k▲ 15.2%
Net result€-6k-€87k€53k▼ 38.9%€17k▼ 66.9%€17k▼ 3.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432k
Fixed assets
€37k ▼ 23.7%
Current assets
€395k ▲ 6.5%
Equity and liabilities €432k
Equity
€146k ▼ 25.4%
Debt
€286k ▲ 27.9%
Debt's share of the balance-sheet total rises from 53.3% to 66.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €29k
Cash flow
€28k▲
2024 · €26k
Current ratio
1.38▼
2024 · 1.66
Debt to equity
1.96▲
2024 · 1.14
ROE
11.6%▲
2024 · 8.9%
ROA
3.9%▼
2024 · 4.2%
Interest coverage
15.32▲
2024 · 14.88
Debt ≤ 1 year
€286k▲
2024 · €224k
Income taxes
€8k▲
2024 · €3k
Staff costs
€120k▲
2024 · €114k
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€419k€432k▲
Fixed assets21/28€49k€37k▼
Tangible fixed assets22/27€49k€37k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€46k€35k▼
Financial fixed assets28€50€50=
Current assets29/58€371k€395k▲
Amounts receivable within one year40/41€156k€304k▲
Trade receivables40€147k€192k▲
Other amounts receivable41€9k€112k▲
Current investments50/53€100k€25k▼
Cash at bank and in hand54/58€115k€65k▼
Deferred charges and accrued income490/1€267€1k▲
Equity and liabilities
Total equity and liabilities10/49€419k€432k▲
Equity10/15€196k€146k▼
Contributions10/11€31k€31k=
Reserves13€165k€115k▼
Tax-exempt reserves132€7k€7k=
Distributable reserves133€158k€109k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€224k€286k▲
Amounts payable within one year42/48€224k€286k▲
Trade debts44€69k€51k▼
Suppliers440/4€69k€51k▼
Advances received on contracts in progress46€32k€16k▼
Taxes, remuneration and social security45€29k€18k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€23k€16k▼
Other amounts payable47/48€94k€201k▲
Income statement
Code20242025
Non-recurring operating income76A€13k€0▼
Remuneration, social security and pensions62€114k€120k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-6k
Other operating charges640/8€924€6k▲
Gross operating margin9900€144k€156k▲
Operating profit (loss)9901€20k€23k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€20k€25k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€17k€17k▼
Profit (loss) for the period to be appropriated9905€17k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€17k▼
Transfer from equity791/2-€67k
Transfer to equity691/2€17k€17k▼
To other reserves6921€17k€17k▼
Profit to be distributed694/7-€67k
Return on contributions (dividend)694-€67k
Social balance
Average headcount (FTE)90872.22.2=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €150kEq €178k ▲42.2%
2 profitable years in a row build equity to €178k.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €87k
Net result €87k after 2 loss-making years.
30-06
Financial
Equity above €100kEq €125k ▲113%
Equity rises from €59k to €125k.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-83k ▼910%
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waregem · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oscar Verschuerestraat 528790 WaregemGround area
246 m²
Building footprint
155 m²
Volume, LiDAR
899 m³
Parcel 34040C0724/00T000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oscar Verschuerestraat 52, 8790 Waregem
since 19962.076.217.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0724/00T000 | Flanders | 246 m² | 1 · 155 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Legal Entity Identifier
875500ZQP85FA61DBL05
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Of 1,437 companies in sector 79110 we hold annual accounts for 880. 756 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-1996
Fiscal year end30-06
Activities, NACEBEL 2025
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.