Debts
€15,219 95% of the balance sheet
Suppliers 5%Taxes and wages 87%Other 8%
TRASA
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €54,625 (2024)
€49,920▼ 8.6%
lowest -€24,965 (2009)
-€2,610▼ €6,407
peak €14,597 (2008)
€750▼ 77.7%
€15,219▼ 6.5%
peak 1 FTE (2020)
-not published
Board1 name since 2001
1 directorBOULANGER Stéphane
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Loss of €2,610Equity from €3,360 to €750Cash from €3,791 to €6,743
Key points
from the 2025 annual accountsFilings
25 annual accounts since 2001
The last five annual accounts were filed 6 to 41 days before the end of the period.
Position in the sector
€750
Less equity than 90% of companies in head offices and management consultancy. Sector median €78,216 · 39,396 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025highest value
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.2 percentage points vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €2,610 (financial year 2025)
lowers risk
Size: total assets €15,969
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 0.84, cash €6,743
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 13% of them on solvency, 33% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 540 companies had the same profile as TRASA has now. Each dot stands for 2 companies, two years later.
85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TRASA itself is lower: 0.1% within 12 months. It rests on far more data about TRASA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for TRASA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.84 (0.96 in 2024), below 1. Short-term debt is 95.3% and cash 42.2% of total assets. 95.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 39364 sector peers (2025).
NBB · sector comparisonPosition among 39364 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
41 days early
2023
8 days early
2022
6 days early
2021
16 days early
2020
38 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0475405314
Company renamed from STORYLAB to TRASA
Change of role: BOULANGER Stéphane, from manager to director · “Elle a également pour objet tout ce qui concerne la création de contenu journalistique et la création de…” (deed in French) · Director discharge: BOULANGER Stéphane · General meeting of 22-06-2023 · Gazette deed
Director in office: Stéphane Boulanger (manager)
Board meeting of 05-12-2022 · Gazette deed
First establishment
Rue de la Faille 15, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRASA Liège | €15,969 | €49,920 | 4.7% | - |
| VZM MANAGEMENT Lasne | €13,735 | €42,110 | -360.0% | - |
| LORANIMMO Antwerp | €17,822 | €42,174 | -872.3% | - |
| JL MANAGEMENT & CONSULTING Neupré | €14,790 | €42,423 | -5010.5% | - |
| FRAVER Antwerp | €16,867 | €41,899 | 37.5% | - |
| CÔTE MEDIA Ixelles | €18,575 | €44,834 | -2513.2% | - |
| FINIMAS Andenne | €18,310 | €60,915 | 16.1% | - |
These companies have the same main activity as TRASA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €13,700 and €18,600, founded between 1999 and 2009.
Official details
Source: KBO- Status
- Active since 31-07-2001Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.098.599.1564000 Liège, since 27-11-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 03-03-2026
Annual accounts 2025
- ≈ €150,000estimated
- €15,969▼ 18.7%
- ≈ 0.8 FTEestimated
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on TRASA
TRASA files the micro format. That format states no turnover. The gross margin rose from €5,011 in 2006 to €49,920 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRASA
- What is the company number of TRASA?
- The company number of TRASA is 0475.405.314. The VAT number is the same number with BE in front: BE 0475.405.314.
- Where is TRASA based?
- The registered office is at Rue de la Faille 15, 4000 Liège.Company details
- What does TRASA do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of TRASA?
- TRASA is a private limited company (BV).
- When was TRASA founded?
- TRASA was founded on 31-07-2001.
- Is TRASA still active?
- Yes, TRASA is an active enterprise in the KBO register.
- How many employees does TRASA have?
- TRASA had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does TRASA fall under?
- In its 2022 annual accounts, TRASA states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TRASA?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €49,920 and 144 comparable companies (NACE 70200). It probably lies between €87,000 and €200,000.
- Is TRASA profitable?
- In financial year 2025, TRASA made a loss of €2,610.
- Where can I find the annual accounts of TRASA?
- TRASA filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRASA due?
- TRASA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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