TRAPHYSEM
ActiveSummary
TRAPHYSEM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189,690 and a net result of €90,404. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 40% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+14
Solvency48▲+6
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.94 in 2024; short-term debt: 50.8% and cash: 11% of total assets), and 77.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
22.9%
Return on assets
10.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €189,690
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
80 d late
2023
85 d late
2022
61 d late
2021
26 d late
2020
2 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 40 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 September (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, micro schema
In the rankings
#7 oldest company in Nivelles, Agriculture, forestry and fishing sector#10 company by total assets in Nivelles, Agriculture, forestry and fishing sector
Equity
€189,690▲ 91.1%
2024 · €99,287
Total assets
€828,032▲ 41.6%
2024 · €584,574
Net result
€90,404
2024 · -€3,977
Working capital
€42,407
2024 · -€19,310
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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€38,603▼ 30.5%-€50,012-€35,012▲ 30.0%-€3,725▲ 89.4%€105,777
Net result€37,625above the sector's middle half▼ 15.0%-€52,347below the sector's middle half-€37,375below the sector's middle half▲ 28.6%-€3,977within the sector's middle half▲ 89.4%€90,404above the sector's middle half
Equity€199,444within the sector's middle half▲ 20.8%€143,867within the sector's middle half▼ 27.9%€103,265within the sector's middle half▼ 28.2%€99,287within the sector's middle half▼ 3.9%€189,690within the sector's middle half▲ 91.1%
Total assets€704,970within the sector's middle half▲ 21.1%€714,171within the sector's middle half▲ 1.3%€684,118within the sector's middle half▼ 4.2%€584,574within the sector's middle half▼ 14.6%€828,032above the sector's middle half▲ 41.6%
Debt€502,224▲ 21.7%€567,605▲ 13.0%€578,755▲ 2.0%€483,791▼ 16.4%€626,305▲ 29.5%
Working capital€78,026within the sector's middle half▼ 13.5%€19,987within the sector's middle half▼ 74.4%-€10,077within the sector's middle half-€19,310within the sector's middle half▼ 91.6%€42,407within the sector's middle half
Solvency28.3%within the sector's middle half▼ 0.1pp20.1%within the sector's middle half▼ 8.1pp15.1%within the sector's middle half▼ 5.0pp17.0%within the sector's middle half▲ 1.9pp22.9%within the sector's middle half▲ 5.9pp
Current ratio1.29within the sector's middle half▼ 0.081.06within the sector's middle half▼ 0.230.97within the sector's middle half▼ 0.080.94within the sector's middle half▼ 0.031.10within the sector's middle half▲ 0.16
Return on assets (ROA)5.3%within the sector's middle half▼ 2.3pp-7.3%below the sector's middle half▼ 12.7pp-5.5%below the sector's middle half▲ 1.9pp-0.7%within the sector's middle half▲ 4.8pp10.9%above the sector's middle half▲ 11.6pp
Staff (FTE)11=
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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: €105,777 after a loss of €3,725 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €828,032
Fixed assets
€365,144 ▲ 31.8%
Current assets
€462,888 ▲ 50.6%
Equity and liabilities €828,032
Equity
€189,690 ▲ 91.1%
Provisions
€12,037 ▲ 705%
Debt
€626,305 ▲ 29.5%
Debt's share of the balance-sheet total falls from 82.8% to 75.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€189,972▲
2024 · €74,073
Cash flow
€174,599▲
2024 · €73,821
Quick ratio
1.08▲
2024 · 0.92
Debt to equity
3.30▼
2024 · 4.87
ROE
47.7%▲
2024 · -4.0%
Interest coverage
38.80▲
2024 · 14.40
Debt ≤ 1 year
€420,481▲
2024 · €326,745
Debt > 1 year
€205,824▲
2024 · €157,046
Staff costs
€36,870▲
2024 · €29,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
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 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,613 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 | - | €15,826 | €34,224 | €29,774 | €36,870 | ▲ 23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,713 | €71,982 | €77,552 | €77,798 | €84,195 | ▲ 8.2% |
| Other operating charges640/8 | €2,321 | €1,261 | €1,216 | €161 | €290 | ▲ 80.1% |
| Gross operating margin9900 | €102,637 | €39,057 | €77,980 | €104,008 | €227,132 | ▲ 118% |
| Operating profit (loss)9901 | €38,603 | -€50,012 | -€35,012 | -€3,725 | €105,777 | ▲ 2,940% |
| Financial income75/76B | - | - | €279 | €4,291 | €64 | ▼ 98.5% |
| Recurring financial income75 | - | - | €279 | €4,291 | €64 | ▼ 98.5% |
| Financial charges65/66B | €2,405 | €2,888 | €3,244 | €5,145 | €4,896 | ▼ 4.8% |
| Recurring financial charges65 | €2,405 | €2,888 | €3,244 | €5,145 | €4,896 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €36,198 | -€52,900 | -€37,977 | -€4,579 | €100,945 | ▲ 2,305% |
| Transfer from deferred taxes780 | €1,185 | €602 | €602 | €602 | €2,459 | ▲ 308% |
| Transfer to deferred taxes680 | - | - | - | - | €13,000 | - |
| Income taxes67/77 | -€242 | €49 | - | - | - | - |
| Profit (loss) for the period9904 | €37,625 | -€52,347 | -€37,375 | -€3,977 | €90,404 | ▲ 2,373% |
| Transfer from tax-exempt reserves789 | €3,439 | €2,052 | €2,052 | €2,052 | €7,623 | ▲ 271% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €39,000 | - |
| Profit (loss) for the period to be appropriated9905 | €41,064 | -€50,295 | -€35,323 | -€1,925 | €59,027 | ▲ 3,166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €704,970 | €714,171 | €684,118 | €584,574 | €828,032 | ▲ 41.6% |
| Fixed assets21/28 | €356,486 | €346,999 | €309,937 | €277,139 | €365,144 | ▲ 31.8% |
| Tangible fixed assets22/27 | €356,486 | €346,999 | €309,937 | €277,139 | €365,144 | ▲ 31.8% |
| Plant, machinery and equipment23 | €356,072 | €311,900 | €282,967 | €258,298 | €354,432 | ▲ 37.2% |
| Furniture and vehicles24 | €414 | €35,099 | €26,970 | €18,841 | €10,712 | ▼ 43.1% |
| Current assets29/58 | €348,484 | €367,172 | €374,181 | €307,435 | €462,888 | ▲ 50.6% |
| Stocks and contracts in progress3 | €17,698 | €49,950 | €13,035 | €7,257 | €7,257 | = |
| Stocks30/36 | €17,698 | €49,950 | €13,035 | €7,257 | €7,257 | = |
| Amounts receivable within one year40/41 | €178,069 | €159,824 | €207,334 | €188,611 | €363,617 | ▲ 92.8% |
| Trade receivables40 | €178,069 | €159,824 | €198,334 | €187,771 | €363,576 | ▲ 93.6% |
| Other amounts receivable41 | - | - | €9,000 | €840 | €41 | ▼ 95.1% |
| Cash at bank and in hand54/58 | €151,160 | €157,398 | €153,812 | €111,272 | €91,174 | ▼ 18.1% |
| Deferred charges and accrued income490/1 | €1,557 | - | - | €295 | €840 | ▲ 185% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €704,970 | €714,171 | €684,118 | €584,574 | €828,032 | ▲ 41.6% |
| Equity10/15 | €199,444 | €143,867 | €103,265 | €99,287 | €189,690 | ▲ 91.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Reserves13 | €173,833 | €120,781 | €83,730 | €81,678 | €113,054 | ▲ 38.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €10,973 | €8,921 | €6,870 | €4,818 | €36,194 | ▲ 651% |
| Distributable reserves133 | €161,000 | €110,000 | €75,000 | €75,000 | €75,000 | = |
| Profit (loss) carried forward14 | €553 | €1,258 | €935 | -€991 | €58,036 | ▲ 5,956% |
| Investment grants15 | €6,458 | €3,228 | - | - | - | - |
| Provisions and deferred taxes16 | €3,302 | €2,699 | €2,098 | €1,496 | €12,037 | ▲ 705% |
| Deferred taxes168 | €3,302 | €2,699 | €2,098 | €1,496 | €12,037 | ▲ 705% |
| Amounts payable17/49 | €502,224 | €567,605 | €578,755 | €483,791 | €626,305 | ▲ 29.5% |
| Amounts payable after more than one year17 | €231,766 | €220,420 | €194,497 | €157,046 | €205,824 | ▲ 31.1% |
| Financial debts170/4 | €231,766 | €220,420 | €194,497 | €157,046 | €205,824 | ▲ 31.1% |
| Amounts payable within one year42/48 | €270,458 | €347,185 | €384,258 | €326,745 | €420,481 | ▲ 28.7% |
| Current portion of amounts payable after more than one year42 | €55,860 | €66,988 | €69,594 | €76,022 | €69,231 | ▼ 8.9% |
| Trade debts44 | €150,656 | €200,325 | €236,192 | €173,184 | €262,542 | ▲ 51.6% |
| Suppliers440/4 | €150,656 | €200,325 | €236,192 | €173,184 | €262,542 | ▲ 51.6% |
| Advances received on contracts in progress46 | - | - | - | €644 | €6,056 | ▲ 840% |
| Taxes, remuneration and social security45 | €1,086 | €9,984 | €6,096 | €3,967 | €6,242 | ▲ 57.3% |
| Taxes450/3 | €1,086 | €8,256 | €76 | - | €2,702 | - |
| Remuneration and social security454/9 | - | €1,728 | €6,020 | €3,967 | €3,540 | ▼ 10.8% |
| Other amounts payable47/48 | €62,856 | €69,888 | €72,376 | €72,928 | €76,410 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,625 | -€52,347 | -€37,375 | -€3,977 | €90,404 | ▲ 2,373% |
| + Depreciation and write-downs630 | €61,713 | €71,982 | €77,552 | €77,798 | €84,195 | ▲ 8.2% |
| Operating cash flow (approximation) | €99,338 | €19,635 | €40,177 | €73,821 | €174,599 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€62,495 | -€40,490 | -€45,000 | -€172,200 | ▼ 283% |
| Change in cash | - | €6,238 | -€3,586 | -€42,540 | -€20,098 | ▲ 52.8% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €90,404
Net result €90,404 after 3 loss-making years.
31-12
Financial
Equity above €150,000Eq €189,690 ▲91.1%
Equity rises from €99,287 to €189,690.
19-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 80 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Weakest financial yearnet -€52,347
Net result drops to -€52,347, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €165,049 ▲32.3%
3 profitable years in a row build equity to €165,049.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2006
Ground area
6,082 m²
Building footprint
88 m²
Volume, LiDAR
392 m³
Parcel 25072A0137/00G000, Wallonia · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TRAPHYSEM
since 20062.155.285.263
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072A0137/00G000 | Wallonia | 6,082 m² | 1 · 88 m² | 7.6 m · 1 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
Food safety, FASFC
1 siteNivelles2.155.285.263
Similar companies · same sector, comparable size
J.C. AGRI
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WINDENHOF
BE 0876.759.739
Landen · Eq €191,333
DE KRUISHOEVE
BE 0880.572.037
De Haan · Eq €191,637
FERME POLARD - HICTER
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Of 5,169 companies in sector 01110 we hold annual accounts for 614. 493 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 (pre-2019)
Founded27-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
01610Support activities for crop production
43120Site preparation
46216Wholesale of agricultural produce and animal feed, general range
46851Wholesale of industrial chemicals
68204Real estate activities
77310Rental and leasing activities
Contact
Phone
0475/975.116Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882506295
Also
9925:BE0882506295
Registered
16-12-2025
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.