TRANE
ActiveSummary
TRANE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €333.4m and a net result of €8.6m. Its solvency ranks better than 87% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2021
Profitability71▼-10
Solvency100=
Growth68
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.98 against 1.28 in 2021; short-term debt: 12.4% and cash: 2.1% of total assets), and 17.8% 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
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
82.2%
Return on assets
2.1%
Age of the figures
9 mo
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
62 d late
2023
9 d early
2022
6 d early
2021
6 d early
2020
3 d early
2019
2 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 7 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 25 July (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, full schema
In the rankings
#3 company by equity in Zaventem, Wholesale and retail trade sector#7 company by total assets in Zaventem, Wholesale and retail trade sector
Turnover
€160.3m▲ 144%
2021 · €65.8m
EBIT margin
11.4%▼ 6.6pp
2021 · 18.0%
Net result
€8.6m▼ 31.5%
2021 · €12.6m
Working capital
€100.1m▲ 444%
2021 · €18.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Available amounts per fiscal year
Line20212025
Turnover€65.8m-€160.3m-
Operating result€11.8m-€18.2m-
Net result€12.6mabove the sector's middle half-€8.6mabove the sector's middle half-
EBIT margin18.0%-11.4%-
Equity€258.8mabove the sector's middle half-€333.4mabove the sector's middle half-
Total assets€329.5mabove the sector's middle half-€405.6mabove the sector's middle half-
Debt€70.7m-€61.1m-
Working capital€18.4mabove the sector's middle half-€100.1mabove the sector's middle half-
Solvency78.5%above the sector's middle half-82.2%above the sector's middle half-
Current ratio1.28within the sector's middle half-2.98within the sector's middle half-
Return on assets (ROA)3.8%within the sector's middle half-2.1%within the sector's middle half-
Staff (FTE)0.1below the sector's middle half-2.3below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €18.2m in 2025, compared with €11.8m in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2021 as the grey bar beneath
Assets €405.6m
Fixed assets
€255.1m ▲ 4.0%
Current assets
€150.5m ▲ 78.6%
Equity and liabilities €405.6m
Equity
€333.4m ▲ 28.8%
Provisions
€11.1m
Debt
€61.1m ▼ 13.5%
Debt's share of the balance-sheet total falls from 21.5% to 15.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19.8m▲
2021 · €12.3m
Cash flow
€10.2m▼
2021 · €13.1m
Quick ratio
2.74▲
2021 · 1.19
Debt to equity
0.18▼
2021 · 0.27
ROE
2.6%▼
2021 · 4.9%
Interest coverage
30.12▼
2021 · 53.96
Debt ≤ 1 year
€50.4m▼
2021 · €65.9m
Income taxes
€3.1m▲
2021 · €1.8m
Staff costs
€27.1m▲
2021 · €19.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | €83.2m | €178.6m | - |
| Turnover70 | €65.8m | €160.3m | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €251,218 | -€7.0m | - |
| Other operating income74 | €17.1m | €25.2m | - |
| Operating charges60/66A | €71.4m | €160.3m | - |
| Goods for resale, raw materials and consumables60 | €43.5m | €117.3m | - |
| Services and other goods61 | €8.3m | €11.6m | - |
| Remuneration, social security and pensions62 | €19.1m | €27.1m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €473,359 | €1.5m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€16,487 | -€200,266 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €3.0m | - |
| Non-recurring operating charges66A | - | €0 | - |
| Operating profit (loss)9901 | €11.8m | €18.2m | - |
| Recurring financial income75 | €2.9m | €983,066 | - |
| Other financial income752/9 | €2.9m | €983,066 | - |
| Financial charges65/66B | €290,018 | €7.5m | - |
| Recurring financial charges65 | €290,018 | €7.5m | - |
| Debt charges650 | €227,749 | €656,339 | - |
| Other financial charges652/9 | €62,269 | €6.8m | - |
| Profit (loss) for the period before taxes9903 | €14.5m | €11.7m | - |
| Income taxes67/77 | €1.8m | €3.1m | - |
| Taxes670/3 | €1.8m | €3.1m | - |
| Profit (loss) for the period9904 | €12.6m | €8.6m | - |
| Profit (loss) for the period to be appropriated9905 | €12.6m | €8.6m | - |
| Line | 2021 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €329.5m | €405.6m | - |
| Fixed assets21/28 | €245.3m | €255.1m | - |
| Tangible fixed assets22/27 | €4.0m | €13.9m | - |
| Plant, machinery and equipment23 | €3.9m | €13.6m | - |
| Furniture and vehicles24 | €95,595 | €268,929 | - |
| Financial fixed assets28 | €241.2m | €241.2m | - |
| Affiliated companies280/1 | €241.2m | €241.2m | - |
| Participating interests280 | €241.2m | €241.2m | - |
| Current assets29/58 | €84.3m | €150.5m | - |
| Stocks and contracts in progress3 | €5.6m | €12.4m | - |
| Stocks30/36 | €5.6m | €12.4m | - |
| Work in progress32 | - | €1.1m | - |
| Finished goods33 | €5.6m | €11.3m | - |
| Amounts receivable within one year40/41 | €70.5m | €127.7m | - |
| Trade receivables40 | €28.8m | €81.7m | - |
| Other amounts receivable41 | €41.7m | €46.0m | - |
| Cash at bank and in hand54/58 | €6.4m | €8.5m | - |
| Deferred charges and accrued income490/1 | €1.8m | €1.8m | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €329.5m | €405.6m | - |
| Equity10/15 | €258.8m | €333.4m | - |
| Contributions10/11 | €460.9m | €460.9m | - |
| Capital10 | €460.9m | - | - |
| Issued capital100 | €460.9m | - | - |
| Profit (loss) carried forward14 | -€202.1m | -€127.5m | - |
| Provisions and deferred taxes16 | - | €11.1m | - |
| Provisions for liabilities and charges160/5 | - | €11.1m | - |
| Pensions and similar obligations160 | - | €8.0m | - |
| Other liabilities and charges164/5 | - | €3.1m | - |
| Amounts payable17/49 | €70.7m | €61.1m | - |
| Amounts payable within one year42/48 | €65.9m | €50.4m | - |
| Financial debts43 | €46.9m | €3.2m | - |
| Other loans439 | €46.9m | €3.2m | - |
| Trade debts44 | €11.3m | €39.0m | - |
| Suppliers440/4 | €11.3m | €39.0m | - |
| Taxes, remuneration and social security45 | €7.7m | €8.2m | - |
| Taxes450/3 | €402,156 | €5.7m | - |
| Remuneration and social security454/9 | €7.3m | €2.4m | - |
| Accrued charges and deferred income492/3 | €4.8m | €10.7m | - |
| Line | 2021 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12.6m | €8.6m | - |
| + Depreciation and write-downs630 | €473,359 | €1.5m | - |
| Operating cash flow (approximation) | €13.1m | €10.2m | - |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 10 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 2.98
Current ratio from 1.28 to 2.98; short-term debt falls from €65.9m to €50.4m.
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 62 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Zaventem · 1 establishment unit since 2007
Ground area
6,351 m²
Building footprint
2,283 m²
Volume, LiDAR
54,168 m³
Parcel 23078C0183/00Z000, Flanders · tallest building 30.1 m, ±8 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Trane
since 20072.183.323.312
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078C0183/00Z000 | Flanders | 6,351 m² | 1 · 2,283 m² | 30.1 m · 8 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46647Wholesale trade
46620Wholesale of machine tools
E-invoicing
Reachable via Peppol
Peppol ID
0208:0888048262
Registered
09-12-2025
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.