TRAPEGEER
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-08-2023, 7 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
not confirmed
2024
not filed
2023
not filed
2022
7 d late
2021
41 d early
2020
51 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€5.2m▲ 3.6%
2021 · €5.1m
Total assets
€5.5m▼ 2.3%
2021 · €5.6m
Net result
€179,620
2021 · -€147,593
Working capital
€4.5m▲ 21.5%
2021 · €3.7m
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€0.2m--€0.2m▲ 31.6%-€0.02m▲ 84.3%-€0.06m▼ 151%€0.2m
Net result€0.03m--€0.2m€0.009m-€0.1m€0.2m
Equity€5.4m-€5.2m▼ 3.1%€5.2m▲ 0.2%€5.1m▼ 2.8%€5.2m▲ 3.6%
Total assets€6.5m-€5.8m▼ 10.8%€5.7m▼ 2.1%€5.6m▼ 1.2%€5.5m▼ 2.3%
Debt€1.2m-€0.6m▼ 45.7%€0.5m▼ 21.0%€0.6m▲ 16.0%€0.3m▼ 52.5%
Working capital€4.0m-€3.8m▼ 3.7%€3.8m▼ 0.3%€3.7m▼ 3.8%€4.5m▲ 21.5%
Staff (FTE)0.5-0
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 returns to profit in 2022: €165,565 after a loss of €59,612 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €5.5m
Fixed assets
€803,125 ▼ 43.5%
Current assets
€4.7m ▲ 11.6%
Equity and liabilities €5.5m
Equity
€5.2m ▲ 3.6%
Debt
€277,801 ▼ 52.5%
Debt's share of the balance-sheet total falls from 10.4% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€219,045▲
2021 · €11,453
Cash flow
€233,100▲
2021 · -€76,527
Current ratio
18.34▲
2021 · 7.61
Debt to equity
0.05▼
2021 · 0.12
ROE
3.4%▲
2021 · -2.9%
ROA
3.3%▲
2021 · -2.6%
Interest coverage
42.70▲
2021 · 0.84
Debt ≤ 1 year
€256,967▼
2021 · €554,194
Debt > 1 year
€20,834▼
2021 · €30,834
Income taxes
€1,550▼
2021 · €95,168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,000 | €234,268 | ▲ 4,585% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129,419 | €128,025 | €83,907 | €71,065 | €53,480 | ▼ 24.7% |
| Other operating charges640/8 | - | - | - | €9,322 | €15,649 | ▲ 67.9% |
| Gross operating margin9900 | -€66,911 | -€10,391 | €81,907 | €20,775 | €234,694 | ▲ 1,030% |
| Operating profit (loss)9901 | -€221,939 | -€151,717 | -€23,788 | -€59,612 | €165,565 | ▲ 378% |
| Financial income75/76B | - | - | - | €20,765 | €20,735 | ▼ 0.1% |
| Recurring financial income75 | €290,154 | €4 | €41,958 | €20,765 | €20,735 | ▼ 0.1% |
| Financial charges65/66B | - | - | - | €13,578 | €5,130 | ▼ 62.2% |
| Recurring financial charges65 | €13,870 | €12,879 | €9,611 | €13,578 | €5,130 | ▼ 62.2% |
| Profit (loss) for the period before taxes9903 | €54,344 | -€164,592 | €8,558 | -€52,424 | €181,170 | ▲ 446% |
| Income taxes67/77 | €19,702 | €1,893 | -€220 | €95,168 | €1,550 | ▼ 98.4% |
| Profit (loss) for the period9904 | €34,643 | -€166,485 | €8,778 | -€147,593 | €179,620 | ▲ 222% |
| Profit (loss) for the period to be appropriated9905 | €34,643 | -€166,485 | €8,778 | -€147,593 | €179,620 | ▲ 222% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.5m | €5.8m | €5.7m | €5.6m | €5.5m | ▼ 2.3% |
| Fixed assets21/28 | €1.7m | €1.6m | €1.5m | €1.4m | €0.8m | ▼ 43.5% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.5m | €1.4m | €0.8m | ▼ 43.5% |
| Land and buildings22 | - | - | - | €1.1m | €0.5m | ▼ 54.1% |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.002m | ▼ 62.3% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €0.3m | = |
| Financial fixed assets28 | €99 | €99 | €0 | - | - | - |
| Current assets29/58 | €4.9m | €4.3m | €4.2m | €4.2m | €4.7m | ▲ 11.6% |
| Amounts receivable after more than one year29 | - | - | - | €4.2m | €4.2m | = |
| Other amounts receivable291 | - | - | - | €4.2m | €4.2m | = |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.009m | €0.1m | €0.02m | €0.004m | €0.5m | ▲ 11,969% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.08m | ▲ 33.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.5m | €5.8m | €5.7m | €5.6m | €5.5m | ▼ 2.3% |
| Equity10/15 | €5.4m | €5.2m | €5.2m | €5.1m | €5.2m | ▲ 3.6% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Capital10 | - | - | - | €0.9m | €0.9m | = |
| Issued capital100 | - | - | - | €0.9m | €0.9m | = |
| Reserves13 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.09m | €0.09m | = |
| Legal reserve130 | - | - | - | €0.09m | €0.09m | = |
| Distributable reserves133 | - | - | - | €4.2m | €4.2m | = |
| Profit (loss) carried forward14 | €0.2m | €0.03m | €0.04m | -€0.1m | €0.07m | ▲ 172% |
| Amounts payable17/49 | €1.2m | €0.6m | €0.5m | €0.6m | €0.3m | ▼ 52.5% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.1m | €0.03m | €0.02m | ▼ 32.4% |
| Financial debts170/4 | - | - | - | €0.03m | €0.02m | ▼ 32.4% |
| Amounts payable within one year42/48 | €0.9m | €0.5m | €0.4m | €0.6m | €0.3m | ▼ 53.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.01m | ▼ 95.4% |
| Trade debts44 | €0.03m | €0.03m | €0.007m | €0.006m | €0.009m | ▲ 68.6% |
| Suppliers440/4 | - | - | - | €0.006m | €0.009m | ▲ 68.6% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | ▼ 28.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,643 | -€166,485 | €8,778 | -€147,593 | €179,620 | ▲ 222% |
| + Depreciation and write-downs630 | €129,419 | €128,025 | €83,907 | €71,065 | €53,480 | ▼ 24.7% |
| Operating cash flow (approximation) | €164,061 | -€38,461 | €92,684 | -€76,527 | €233,100 | ▲ 405% |
| Investment in fixed assets (approximation) | - | -€24,581 | -€18,182 | -€1,488 | €565,732 | ▲ 38,112% |
| Change in cash | - | €86,514 | -€73,107 | -€18,633 | €470,720 | ▲ 2,626% |
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
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Back to profitnet €179,620
Net result €179,620 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 18.34
Current ratio from 7.61 to 18.34; short-term debt falls from €554,194 to €256,967.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 51 days late
2020
31-12
Financial
Back to profitnet €8,778
Net result €8,778 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€166,485
Net result drops to -€166,485, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Show earlier events
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
03-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
13-01
State Gazette act
General meeting · Director resignation
Board meeting · Director appointment
2011
16-08
State Gazette act
Incorporation · Corporate purpose
Founding capital · Share issue
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Structure & network
Owners and holdings
1 ownerChain of control
- TRAPEGEER
- TRAPEGEER
Highest known parent: TRAPEGEER. The sources do not say who stands above it.
Owners 1
- TRAPEGEERparentSourceaccounts TRAPEGEER 2022100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 6 Gazette acts processed.