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TRAMWAY 21

Active
Private limited companyfounded 200719 yrs activeRue Chêne Bonnet 150, 6110 Montigny-le-Tilleul, BelgiumKBO/BCE: BE 0888.887.709
Summary

TRAMWAY 21 has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291,745 and a net result of -€52,617. Equity is shrinking by ~13.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 84% of 3636 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
TRAMWAY 21ActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220NACE 74142
1 site
Size
€323,965total assets 2025
Equity
€291,745
Loss
-€52,617
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Holdings
1
Accounts 2 d early1 of 3 deeds read
Why 94- Loss of €52,617 (FY 2025)+ Liquidity: current ratio 10.00, cash €252,829, halved+ Size: total assets €323,965+ Equity €291,745 (90.1% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 53% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100+59
equity 90.1% of total assets
Liquidity 100+57
short-term debt 9.9% · cash 78.0%
Profitability 0-81
return on assets -16.2%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,788 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%▲ +15.0% vs 11-2024 01-2025: < 0.1%▼ -49.3% vs 12-2024lowest value 02-2025: < 0.1%▲ +31.4% vs 01-2025 03-2025: 0.1%▲ +54.3% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%● 0.0% vs 04-2025 06-2025: 0.1%● 0.0% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%▲ +9.9% vs 07-2025 09-2025: 0.1%▲ +2.6% vs 08-2025 10-2025: 0.1%▲ +7.5% vs 09-2025 11-2025: 0.1%▲ +3.5% vs 10-2025 12-2025: 0.1%▲ +28.1% vs 11-2025 01-2026: 0.2%▲ +35.1% vs 12-2025highest value 02-2026: < 0.1%▼ -73.4% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%▲ +2.4% vs 05-2026 07-2026: < 0.1%▼ -7.1% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%▼ -2.6% vs 09-2026
  • Liquidity: current ratio 10.00, cash €252,829, halved lowers the probability
  • Loss of €52,617 (FY 2025) raises the probability
  • Size: total assets €323,965 lowers the probability for this profile
  • Equity €291,745 (90.1% of total assets) lowers the probability
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 10.0 against 1.25 in 2024; short-term debt: 9.9% and cash: 78% of total assets), and 9.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 86%, liquidity 97%, profitability 4%, growth against the median 25%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 10.00, cash €252,829, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Loss of €52,617 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €323,965
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Equity €291,745 (90.1% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
4 d late
2023
8 d early
2022
28 d early
2021
4 d early
2020
9 d early
2019
8 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 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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. Usually files around 27 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. General meeting · Registered-office moveResignation: OTHERWISE.BIZ (director) · Dissolution…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Weakest financial yearnet -€52,617

Key points

  • Caution: From profit to loss in 2025after €222,529 in 2024 -€52,617 View
  • Caution: Among the weakest 15% on net resultsector median €55,862 · 3,635 companies -€52,617 View
  • A director leftlatest change 30-09-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€323,965
Loss
-€52,617
Solvency
90.1%
Total assets▼ 85.3%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-01-2027
  1. 30-09-2026General meeting · Registered-office move
  2. 29-01-2026Annual accounts filed
  3. 30-06-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
19-04-2007
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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