Skip to content

TRAPPIMMO

Active
Public limited companyfounded 20197 yrs activeChaussée de Tirlemont 75, 5030 Gembloux, BelgiumKBO/BCE: BE 0721.549.643
Summary

TRAPPIMMO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€574,959) and a net result of €42,596. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 5% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability73▲+31
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.05 in 2024; short-term debt: 60.6% and cash: 0.4% of total assets), and equity is negative.
Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-49.9%
Return on assets
3.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4577 sector peers (2025).
NBB · sector comparison
Position among 4577 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 7 filings
Deviation from the deadline
2025
26 d late
2024
26 d late
2023
23 d late
2022
24 d late
2021
3 d early
2020
24 d early
2019
23 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 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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

History

TRAPPIMMO was incorporated on 26 February 2019.1 Total assets fell from EUR 1.8 million in 2019 to EUR 1.2 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42,596
2024 · -€5,664
Working capital
-€679,996▲ 10.9%
2024 · -€762,763
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€14,796▲ 60.8%-€3,612▲ 75.6%€1,509€49,433▲ 3,176%€68,010▲ 37.6%
Net result-€15,133▲ 60.2%-€3,858▲ 74.5%€1,196-€5,664€42,596
Equity-€609,228▼ 2.5%-€613,086▼ 0.6%-€611,891▲ 0.2%-€617,555▼ 0.9%-€574,959▲ 6.9%
Total assets€1.6m▼ 13.0%€1.4m▼ 8.4%€1.2m▼ 12.8%€1.2m▼ 0.5%€1.2m▼ 7.2%
Debt€2.2m▼ 9.2%€2.0m▼ 5.9%€1.9m▼ 9.0%€1.9m=€1.7m▼ 7.1%
Working capital-€2.1m▲ 6.6%-€2.0m▲ 7.6%-€830,312▲ 58.2%-€762,763▲ 8.1%-€679,996▲ 10.9%
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2021: -€14,796-€14,796Net result 2021: -€15,133-€15,133Operating result 2022: -€3,612-€3,612Net result 2022: -€3,858-€3,858Operating result 2023: €1,509€1,509Net result 2023: €1,196€1,196Operating result 2024: €49,433€49,433Net result 2024: -€5,664-€5,664Operating result 2025: €68,010€68,010Net result 2025: €42,596€42,59620212022202320242025-€20,000€0€20,000€40,000€60,000Operating result 2023: €1,509€1,510Net result 2023: €1,196€1,200Operating result 2024: €49,433€49,400Net result 2024: -€5,664-€5,660Operating result 2025: €68,010€68,000Net result 2025: €42,596€42,600202320242025
The operating result has risen four years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets €1.1m ▼ 5.9%
Current assets €18,835 ▼ 50.4%
Key figures and ratios
2025 value · change against 2024
EBITDA
€176,188▲
2024 · €160,107
Cash flow
€150,773▲
2024 · €105,010
Solvency
-49.9%▼
2024 · -49.7%
Current ratio
0.03▼
2024 · 0.05
Debt to equity
-3.01▲
2024 · -3.01
ROA
3.7%▲
2024 · -0.5%
Interest coverage
6.87▲
2024 · 2.91
Debt ≤ 1 year
€698,831▼
2024 · €800,736
Debt > 1 year
€1.0m▼
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 457 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
0.7% went bankrupt
1.8% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 457 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.2m▼
Formation expenses20€0€0=
Fixed assets21/28€1.2m€1.1m▼
Tangible fixed assets22/27€1.2m€1.1m▼
Land and buildings22€1.2m€1.1m▼
Current assets29/58€37,973€18,835▼
Amounts receivable within one year40/41€34,645€14,642▼
Trade receivables40€2,453€12,792▲
Other amounts receivable41€32,192€1,850▼
Cash at bank and in hand54/58€3,328€4,193▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m▼
Equity10/15-€617,555-€574,959▲
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Profit (loss) carried forward14-€717,555-€674,959▲
Amounts payable17/49€1.9m€1.7m▼
Amounts payable after more than one year17€1.0m€1.0m▼
Financial debts170/4€1.0m€1.0m▼
Amounts payable within one year42/48€800,736€698,831▼
Trade debts44€736€28,282▲
Suppliers440/4€736€28,282▲
Other amounts payable47/48€800,000€670,549▼
Accrued charges and deferred income492/3€54,917€25,114▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110,674€108,177▼
Other operating charges640/8€20,367€21,157▲
Gross operating margin9900€180,475€197,345▲
Operating profit (loss)9901€49,433€68,010▲
Financial income75/76B-€223
Recurring financial income75-€223
Financial charges65/66B€55,097€25,637▼
Recurring financial charges65€55,097€25,637▼
Profit (loss) for the period before taxes9903-€5,664€42,596▲
Profit (loss) for the period9904-€5,664€42,596▲
Profit (loss) for the period to be appropriated9905-€5,664€42,596▲
Appropriation of the result
Profit (loss) to be appropriated9906-€717,555-€674,959▲
Profit (loss) brought forward from the previous period14P-€711,891-€717,555▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167,030€167,030€167,062€110,674€108,177▼ 2.3%
Other operating charges640/8€17,475€17,880€19,604€20,367€21,157▲ 3.9%
Gross operating margin9900€169,709€181,297€188,175€180,475€197,345▲ 9.3%
Operating profit (loss)9901-€14,796-€3,612€1,509€49,433€68,010▲ 37.6%
Financial income75/76B----€223-
Recurring financial income75----€223-
Financial charges65/66B€337€246€313€55,097€25,637▼ 53.5%
Recurring financial charges65€337€246€313€55,097€25,637▼ 53.5%
Profit (loss) for the period before taxes9903-€15,133-€3,858€1,196-€5,664€42,596▲ 852%
Profit (loss) for the period9904-€15,133-€3,858€1,196-€5,664€42,596▲ 852%
Profit (loss) for the period to be appropriated9905-€15,133-€3,858€1,196-€5,664€42,596▲ 852%
Line20212022202320242025Change
Assets
Total assets20/58€1.6m€1.4m€1.2m€1.2m€1.2m▼ 7.2%
Formation expenses20€147,178€77,318€7,458€0€0-
Fixed assets21/28€1.4m€1.3m€1.2m€1.2m€1.1m▼ 5.9%
Tangible fixed assets22/27€1.4m€1.3m€1.2m€1.2m€1.1m▼ 5.9%
Land and buildings22€1.4m€1.3m€1.2m€1.2m€1.1m▼ 5.9%
Current assets29/58€24,724€59,862€25,753€37,973€18,835▼ 50.4%
Amounts receivable within one year40/41€16,594-€20,144€34,645€14,642▼ 57.7%
Trade receivables40€16,594-€18,630€2,453€12,792▲ 421%
Other amounts receivable41--€1,514€32,192€1,850▼ 94.3%
Cash at bank and in hand54/58€8,129€59,862€5,609€3,328€4,193▲ 26.0%
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.4m€1.2m€1.2m€1.2m▼ 7.2%
Equity10/15-€609,228-€613,086-€611,891-€617,555-€574,959▲ 6.9%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10€100,000€100,000€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€709,228-€713,086-€711,891-€717,555-€674,959▲ 5.9%
Amounts payable17/49€2.2m€2.0m€1.9m€1.9m€1.7m▼ 7.1%
Amounts payable after more than one year17--€1.0m€1.0m€1.0m▼ 0.1%
Financial debts170/4--€1.0m€1.0m€1.0m▼ 0.1%
Amounts payable within one year42/48€2.2m€2.0m€856,065€800,736€698,831▼ 12.7%
Trade debts44€43,597€40,564€6,065€736€28,282▲ 3,743%
Suppliers440/4€43,597€40,564€6,065€736€28,282▲ 3,743%
Other amounts payable47/48€2.1m€2.0m€850,000€800,000€670,549▼ 16.2%
Accrued charges and deferred income492/3--€67€54,917€25,114▼ 54.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€15,133-€3,858€1,196-€5,664€42,596▲ 852%
+ Depreciation and write-downs630€167,030€167,030€167,062€110,674€108,177▼ 2.3%
Operating cash flow (approximation)€151,897€163,172€168,257€105,010€150,773▲ 43.6%
Investment in fixed assets (approximation)--€69,860-€87,794-€99,770-€37,571▲ 62.3%
Change in cash-€51,732-€54,253-€2,281€865▲ 138%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial Back to profitnet €42,596
Net result €42,596 after one loss-making year.
26-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
23-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial Back to profitnet €1,196
Net result €1,196 after 4 loss-making years.
24-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
28-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Gembloux · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
13.2 ha
Building footprint
1.8 ha
Volume, LiDAR
25,892 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
136 companies at this address See who is registered here
1 establishment unit
Trappimmo
Rue de Mettet 204, 5620 FlorennesReal estate activities
since 20192.286.770.743
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92253D0287/00F000 Wallonia 7.8 ha 1 · 1.4 ha -
93022B0003/00M037 Wallonia 5.4 ha 1 · 4,082 m² 7.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group PARCOFIN 58 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. PARCOFIN 100%
  2. PARDIS 100%
  3. TRAPPIMMO

Highest known parent: PARCOFIN. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of TRAPPIMMO and those 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 current directors or connected companies found in the register.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded26-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail christian.briquet@trafic.com
Phone +3271681230
E-invoicing
Reachable via Peppol
Peppol ID 0208:0721549643
Also 9925:BE0721549643
Registered 06-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.