TRARHO
ActiveSummary
TRARHO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60k and a net result of €7k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▲+12
Solvency40▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.53 in 2023; short-term debt: 18.4% and cash: 0.1% of total assets), and 85% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
15%
Return on assets
1.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
124 d late
2022
30 d early
2021
48 d early
2020
44 d early
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 12.7%
2023 · €54k
2018: €8k
2019: €10k
2020: €35k
2021: €55k
2022: €59k
2023: €54k
2018 → 2024
Total assets
€403k▲ 20.4%
2023 · €335k
2018: €30k
2019: €25k
2020: €56k
2021: €315k
2022: €318k
2023: €335k
2018 → 2024
Net result
€7k
2023 · €-6k
2018: €4k
2019: €1k
2020: €25k
2021: €20k
2022: €4k
2023: €-6k
2018 → 2024
Working capital
€9k
2023 · €-27k
2018: €6k
2019: €7k
2020: €27k
2021: €-58k
2022: €-48k
2023: €-27k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€55k▲ 58.0%€59k▲ 6.9%€54k▼ 9.6%€60k▲ 12.7%
Operating result€27k-€32k▲ 19.8%€17k▼ 47.5%€9k▼ 44.3%€38k▲ 309%
Net result€25k-€20k▼ 19.4%€4k▼ 81.1%€-6k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 309% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €403k
Fixed assets
€320k ▲ 4.8%
Current assets
€83k ▲ 179%
Equity and liabilities €403k
Equity
€60k ▲ 12.7%
Debt
€343k ▲ 21.8%
Debt's share of the balance-sheet total rises from 84.0% to 85.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▲
2023 · €18k
Cash flow
€25k▲
2023 · €3k
Current ratio
1.12▲
2023 · 0.53
Debt to equity
5.67▲
2023 · 5.25
ROE
11.3%▲
2023 · -10.6%
ROA
1.7%▲
2023 · -1.7%
Interest coverage
2.49▲
2023 · 1.55
Debt ≤ 1 year
€74k▲
2023 · €57k
Debt > 1 year
€268k▲
2023 · €225k
Income taxes
€9k▲
2023 · €4k
Staff costs
€0▼
2023 · €147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€335k€403k▲
Fixed assets21/28€305k€320k▲
Tangible fixed assets22/27€305k€320k▲
Land and buildings22€298k€289k▼
Plant, machinery and equipment23€7k€8k▲
Furniture and vehicles24€0€23k▲
Financial fixed assets28€0-
Current assets29/58€30k€83k▲
Amounts receivable within one year40/41€26k€81k▲
Trade receivables40€783€1k▲
Other amounts receivable41€25k€80k▲
Cash at bank and in hand54/58€4k€462▼
Deferred charges and accrued income490/1€80€1k▲
Equity and liabilities
Total equity and liabilities10/49€335k€403k▲
Equity10/15€54k€60k▲
Contributions10/11€13k€13k=
Reserves13€4k€11k▲
Distributable reserves133€4k€11k▲
Profit (loss) carried forward14€37k€37k=
Amounts payable17/49€281k€343k▲
Amounts payable after more than one year17€225k€268k▲
Financial debts170/4€225k€268k▲
Amounts payable within one year42/48€57k€74k▲
Current portion of amounts payable after more than one year42€14k€23k▲
Financial debts43-€2
Credit institutions430/8-€2
Trade debts44€17k€26k▲
Suppliers440/4€17k€26k▲
Advances received on contracts in progress46€7k€2k▼
Taxes, remuneration and social security45€14k€12k▼
Taxes450/3€14k€12k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€5k€11k▲
Income statement
Code20232024
Remuneration, social security and pensions62€147€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€18k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€705€300▼
Gross operating margin9900€21k€59k▲
Operating profit (loss)9901€9k€38k▲
Financial income75/76B€45€1▼
Recurring financial income75€45€1▼
Financial charges65/66B€11k€22k▲
Recurring financial charges65€11k€22k▲
Profit (loss) for the period before taxes9903€-2k€16k▲
Income taxes67/77€4k€9k▲
Profit (loss) for the period9904€-6k€7k▲
Profit (loss) for the period to be appropriated9905€-6k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€44k▲
Profit (loss) brought forward from the previous period14P€43k€37k▼
Transfer to equity691/2€0€7k▲
To other reserves6921€0€7k▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.53 to 1.12.
02-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 124 days late
2023
31-12
Financial
Weakest financial yearnet €-6k ▼248%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €25k ▲1719%
Net result €25k, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 105 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Erquelinnes · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pont Bara 86560 ErquelinnesGround area
1,722 m²
Building footprint
162 m²
Volume, LiDAR
819 m³
Parcel 56074B0263/00E000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Gare 65, 6560 Erquelinnes
since 20132.219.518.663
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56074B0263/00E000 | Wallonia | 1,722 m² | 1 · 162 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Veralu Install
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IMMOSFEER
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ABW PETER SAELEN
BE 0687.488.092
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Bouwonderneming Michiel Spiessens
BE 1005.158.540
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STUDIO 7 CONSTRUCT
BE 0766.837.656
Zaventem · Eq €60,517
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,185 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43310Plastering work
43410Roofing work
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.