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TRASIS

Active
Public limited companyfounded 200422 yrs activeRue Gilles Magnée 90, 4430 Ans, BelgiumKBO/BCE: BE 0865.913.456
Summary

TRASIS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55.9m and a net result of €10.4m. Equity is growing by ~38.5% per year across the filed fiscal years. Its solvency ranks better than 66% of 737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability88▼-2
Solvency84▲+2
Growth84=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.57 in 2024; short-term debt: 27.2% and cash: 2.8% of total assets), and 40.9% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
59.1%
Return on assets
11%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
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
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 10-07-2026, 21 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
21 d early
2024
14 d early
2023
35 d early
2022
36 d late
2021
149 d late
2020
194 d late
2019
42 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 38 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 17 July (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

TRASIS was incorporated on 21 June 2004.1 Between 2005 and 2011 the capital was increased 5 times, most recently to EUR 635,000.234 The registered office was moved to Ans in 2018.5 Revenue grew from EUR 29 million in 2019 to EUR 80 million in 2025 and headcount from 80.2 to 328 full-time equivalents.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 31-10-2005
  3. 3Belgian State Gazette, 14-10-2010
  4. 4Belgian State Gazette, 14-10-2011
  5. 5Belgian State Gazette, 16-08-2018
  6. 6National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€80.4m▲ 18.0%
2024 · €68.1m
EBIT margin
14.8%▼ 1.3pp
2024 · 16.1%
Net result
€10.4m▲ 1.3%
2024 · €10.2m
Working capital
€30.6m▼ 2.8%
2024 · €31.5m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220242025
Turnover€24.7m▼ 14.0%€33.9m▲ 37.2%€52.3m▲ 54.4%€68.1m-€80.4m▲ 18.0%
Operating result€4.0m▲ 31.5%€6.0m▲ 50.8%€10.4m▲ 72.7%€11.0m-€11.9m▲ 8.2%
Net result€3.9mabove the sector's middle half▲ 51.4%€5.8mabove the sector's middle half▲ 48.6%€9.5mabove the sector's middle half▲ 63.6%€10.2mabove the sector's middle half-€10.4mabove the sector's middle half▲ 1.3%
EBIT margin16.2%▲ 5.6pp17.8%▲ 1.6pp20.0%▲ 2.1pp16.1%-14.8%▼ 1.3pp
Equity€12.6mabove the sector's middle half▲ 41.8%€18.1mabove the sector's middle half▲ 43.8%€26.7mabove the sector's middle half▲ 47.5%€46.4mabove the sector's middle half-€55.9mabove the sector's middle half▲ 20.6%
Total assets€30.8mabove the sector's middle half▲ 33.9%€40.9mabove the sector's middle half▲ 32.7%€58.4mabove the sector's middle half▲ 43.0%€81.9mabove the sector's middle half-€94.7mabove the sector's middle half▲ 15.6%
Debt€18.0m▲ 29.1%€22.7m▲ 25.6%€31.1m▲ 37.4%€34.4m-€38.4m▲ 11.6%
Working capital€11.0mabove the sector's middle half▲ 73.2%€12.3mabove the sector's middle half▲ 12.4%€19.8mabove the sector's middle half▲ 60.3%€31.5mabove the sector's middle half-€30.6mabove the sector's middle half▼ 2.8%
Solvency40.9%within the sector's middle half▲ 2.3pp44.3%within the sector's middle half▲ 3.4pp45.7%within the sector's middle half▲ 1.4pp56.6%within the sector's middle half-59.1%within the sector's middle half▲ 2.4pp
Current ratio2.10within the sector's middle half▲ 0.401.81within the sector's middle half▼ 0.292.02within the sector's middle half▲ 0.212.57within the sector's middle half-2.19within the sector's middle half▼ 0.38
Return on assets (ROA)12.7%above the sector's middle half▲ 1.5pp14.2%within the sector's middle half▲ 1.5pp16.2%above the sector's middle half▲ 2.0pp12.5%within the sector's middle half-11.0%within the sector's middle half▼ 1.5pp
Staff (FTE)99above the sector's middle half▲ 23.4%129.1above the sector's middle half▲ 30.4%184.5above the sector's middle half▲ 42.9%289.5above the sector's middle half-327.6above the sector's middle half▲ 13.2%
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2020 Net result +51% on 2019. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
€0€5.0m€10.0mOperating result 2020: €4.0m€4.0mNet result 2020: €3.9m€3.9mOperating result 2021: €6.0m€6.0mNet result 2021: €5.8m€5.8mOperating result 2022: €10.4m€10.4mNet result 2022: €9.5m€9.5mOperating result 2024: €11.0m€11.0mNet result 2024: €10.2m€10.2mOperating result 2025: €11.9m€11.9mNet result 2025: €10.4m€10.4m20202021202220242025€0€5m€10mOperating result 2022: €10.4m€10mNet result 2022: €9.5m€9.5mOperating result 2024: €11.0m€11mNet result 2024: €10.2m€10mOperating result 2025: €11.9m€12mNet result 2025: €10.4m€10m202220242025
The operating result rises in 2025; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94.7m
Fixed assets €38.4m ▲ 26.0%
Current assets €56.3m ▲ 9.4%
Equity and liabilities €94.7m
Equity €55.9m ▲ 20.6%
Provisions €390,613 ▼ 65.6%
Debt €38.4m ▲ 11.6%
Debt's share of the balance-sheet total falls from 42.0% to 40.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€19.0m▲
2024 · €17.1m
Cash flow
€17.5m▲
2024 · €16.4m
Quick ratio
0.95▼
2024 · 0.98
Debt to equity
0.69▼
2024 · 0.74
ROE
18.5%▼
2024 · 22.1%
Interest coverage
19.18▲
2024 · 17.14
Debt ≤ 1 year
€25.7m▲
2024 · €20.0m
Debt > 1 year
€11.7m▼
2024 · €13.7m
Income taxes
€268,147▼
2024 · €741,597
Staff costs
€25.1m▲
2024 · €20.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.5% stopped otherwise
98% still going

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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 321 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 · 101 lines
Balance sheet Code20242025
Assets
Total assets20/58€81.9m€94.7m▲
Fixed assets21/28€30.4m€38.4m▲
Intangible fixed assets21€15.1m€22.4m▲
Tangible fixed assets22/27€9.5m€10.7m▲
Plant, machinery and equipment23€2.2m€2.1m▼
Furniture and vehicles24€1.2m€1.1m▼
Other tangible fixed assets26€2.3m€2.0m▼
Assets under construction and advance payments27€3.8m€5.5m▲
Financial fixed assets28€5.9m€5.3m▼
Affiliated companies280/1€4.7m€4.7m=
Participating interests280€4.7m€4.7m=
Amounts receivable281€0-
Other financial fixed assets284/8€1.2m€611,390▼
Shares284€1.2m€602,003▼
Amounts receivable and cash guarantees285/8€17,187€9,387▼
Current assets29/58€51.5m€56.3m▲
Amounts receivable after more than one year29€0€57,803▲
Trade receivables290€0€57,803▲
Stocks and contracts in progress3€31.9m€31.9m▲
Stocks30/36€31.9m€31.9m▲
Raw materials and consumables30/31€18.7m€18.9m▲
Finished goods33€7.8m€8.2m▲
Goods purchased for resale34€5.3m€4.9m▼
Amounts receivable within one year40/41€15.7m€20.1m▲
Trade receivables40€13.3m€18.5m▲
Other amounts receivable41€2.4m€1.6m▼
Cash at bank and in hand54/58€2.6m€2.7m▲
Deferred charges and accrued income490/1€1.3m€1.5m▲
Equity and liabilities
Total equity and liabilities10/49€81.9m€94.7m▲
Equity10/15€46.4m€55.9m▲
Contributions10/11€539,000€539,000=
Capital10€539,000€539,000=
Issued capital100€539,000€539,000=
Reserves13€44.7m€54.3m▲
Non-distributable reserves130/1€63,500€63,500=
Legal reserve130€63,500€63,500=
Tax-exempt reserves132€2.6m€3.6m▲
Distributable reserves133€42.0m€50.7m▲
Profit (loss) carried forward14€283,605€396,110▲
Investment grants15€888,713€671,680▼
Provisions and deferred taxes16€1.1m€390,613▼
Provisions for liabilities and charges160/5€1.1m€390,613▼
Other liabilities and charges164/5€1.1m€390,613▼
Amounts payable17/49€34.4m€38.4m▲
Amounts payable after more than one year17€13.7m€11.7m▼
Financial debts170/4€13.7m€11.7m▼
Credit institutions173€13.7m€11.7m▼
Amounts payable within one year42/48€20.0m€25.7m▲
Current portion of amounts payable after more than one year42€3.7m€4.2m▲
Financial debts43€3.4m€4.2m▲
Credit institutions430/8€2.3m€2.4m▲
Other loans439€1.1m€1.9m▲
Trade debts44€5.7m€7.5m▲
Suppliers440/4€5.7m€7.5m▲
Advances received on contracts in progress46€2.1m€3.1m▲
Taxes, remuneration and social security45€3.8m€4.7m▲
Taxes450/3€601,712€256,688▼
Remuneration and social security454/9€3.2m€4.4m▲
Other amounts payable47/48€1.3m€2.1m▲
Accrued charges and deferred income492/3€745,692€991,000▲
Income statement Code20242025
Operating income70/76A€79.5m€93.4m▲
Turnover70€68.1m€80.4m▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.6m€140,149▼
Own construction capitalised72€8.1m€11.3m▲
Other operating income74€1.7m€1.6m▼
Operating charges60/66A€68.5m€81.5m▲
Goods for resale, raw materials and consumables60€27.1m€32.6m▲
Purchases600/8€27.4m€32.9m▲
Change in stocks: decrease (increase)609-€294,599-€279,642▲
Services and other goods61€13.6m€17.0m▲
Remuneration, social security and pensions62€20.7m€25.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6.1m€7.1m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€648,530€342,414▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€211,050-€743,577▼
Other operating charges640/8€32,931€29,112▼
Non-recurring operating charges66A€135,873-
Operating profit (loss)9901€11.0m€11.9m▲
Financial income75/76B€1.4m€1.1m▼
Recurring financial income75€1.4m€1.1m▼
Income from financial fixed assets750€650,000€550,000▼
Income from current assets751€39,430€30,196▼
Other financial income752/9€682,995€525,243▼
Financial charges65/66B€1.3m€2.3m▲
Recurring financial charges65€1.3m€1.7m▲
Debt charges650€996,842€988,943▼
Other financial charges652/9€349,058€731,944▲
Non-recurring financial charges66B-€599,985
Profit (loss) for the period before taxes9903€11.0m€10.6m▼
Income taxes67/77€741,597€268,147▼
Taxes670/3€741,597€443,480▼
Tax adjustments and reversals of tax provisions77-€175,333
Profit (loss) for the period9904€10.2m€10.4m▲
Transfer to tax-exempt reserves689-€947,250
Profit (loss) for the period to be appropriated9905€10.2m€9.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€10.6m€9.7m▼
Profit (loss) brought forward from the previous period14P€311,783€283,605▼
Transfer to equity691/2€9.5m€8.7m▼
To other reserves6921€9.5m€8.7m▼
Profit to be distributed694/7€772,003€614,325▼
Employees696€772,003€614,325▼
Social balance
Average headcount (FTE)9087289.5327.6▲

The notes to these accounts (101 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220242025Change
Operating income70/76A-€39.8m€58.8m€79.5m€93.4m▲ 17.5%
Turnover70€24.7m€33.9m€52.3m€68.1m€80.4m▲ 18.0%
Change in stocks of work in progress, finished goods and contracts in progress71-€761,866€1.3m€1.6m€140,149▼ 91.1%
Own construction capitalised72-€4.1m€4.1m€8.1m€11.3m▲ 38.8%
Other operating income74-€1.1m€1.2m€1.7m€1.6m▼ 6.2%
Operating charges60/66A-€33.8m€48.4m€68.5m€81.5m▲ 19.0%
Goods for resale, raw materials and consumables60-€17.6m€24.2m€27.1m€32.6m▲ 20.3%
Purchases600/8-€21.6m€31.5m€27.4m€32.9m▲ 20.1%
Change in stocks: decrease (increase)609--€4.0m-€7.3m-€294,599-€279,642▲ 5.1%
Services and other goods61-€5.4m€8.2m€13.6m€17.0m▲ 25.4%
Remuneration, social security and pensions62-€7.7m€11.5m€20.7m€25.1m▲ 21.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.6m€3.3m€3.8m€6.1m€7.1m▲ 16.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€172,349€149,503€648,530€342,414▼ 47.2%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€72,931€496,039€211,050-€743,577▼ 452%
Other operating charges640/8-€9,573€17,783€32,931€29,112▼ 11.6%
Non-recurring operating charges66A---€135,873--
Operating profit (loss)9901€4.0m€6.0m€10.4m€11.0m€11.9m▲ 8.2%
Financial income75/76B-€531,960€718,672€1.4m€1.1m▼ 19.5%
Recurring financial income75€397,658€531,960€718,672€1.4m€1.1m▼ 19.5%
Income from financial fixed assets750--€30,000€650,000€550,000▼ 15.4%
Income from current assets751---€39,430€30,196▼ 23.4%
Other financial income752/9-€531,960€688,672€682,995€525,243▼ 23.1%
Financial charges65/66B-€422,054€518,897€1.3m€2.3m▲ 72.4%
Recurring financial charges65€396,085€422,054€518,897€1.3m€1.7m▲ 27.9%
Debt charges650€175,189€210,269€270,777€996,842€988,943▼ 0.8%
Other financial charges652/9-€211,785€248,120€349,058€731,944▲ 110%
Non-recurring financial charges66B----€599,985-
Profit (loss) for the period before taxes9903€4.0m€6.1m€10.6m€11.0m€10.6m▼ 3.1%
Income taxes67/77€105,901€352,558€1.2m€741,597€268,147▼ 63.8%
Taxes670/3-€352,558€1.2m€741,597€443,480▼ 40.2%
Tax adjustments and reversals of tax provisions77----€175,333-
Profit (loss) for the period9904€3.9m€5.8m€9.5m€10.2m€10.4m▲ 1.3%
Transfer from tax-exempt reserves789-€728,500----
Transfer to tax-exempt reserves689-€337,080€1.6m-€947,250-
Profit (loss) for the period to be appropriated9905€3.9m€6.2m€7.9m€10.2m€9.4m▼ 8.0%
Line20202021202220242025Change
Assets
Total assets20/58€30.8m€40.9m€58.4m€81.9m€94.7m▲ 15.6%
Fixed assets21/28€9.9m€13.3m€19.2m€30.4m€38.4m▲ 26.0%
Intangible fixed assets21€7.6m€9.0m€10.2m€15.1m€22.4m▲ 48.2%
Tangible fixed assets22/27€2.2m€2.7m€3.8m€9.5m€10.7m▲ 12.8%
Plant, machinery and equipment23-€1.0m€1.3m€2.2m€2.1m▼ 4.1%
Furniture and vehicles24-€298,910€479,294€1.2m€1.1m▼ 7.4%
Leasing and similar rights25-€47,158€31,567---
Other tangible fixed assets26-€1.3m€2.0m€2.3m€2.0m▼ 13.0%
Assets under construction and advance payments27--€0€3.8m€5.5m▲ 44.2%
Financial fixed assets28€132,848€1.5m€5.3m€5.9m€5.3m▼ 9.7%
Affiliated companies280/1-€22,489€4.7m€4.7m€4.7m=
Participating interests280-€22,489€4.7m€4.7m€4.7m=
Amounts receivable281---€0--
Companies linked by participating interests282/3-€1.4m€0---
Participating interests282-€1.4m€0---
Other financial fixed assets284/8-€125,975€581,312€1.2m€611,390▼ 48.3%
Shares284-€102,000€552,001€1.2m€602,003▼ 48.3%
Amounts receivable and cash guarantees285/8-€23,975€29,311€17,187€9,387▼ 45.4%
Current assets29/58€20.9m€27.6m€39.2m€51.5m€56.3m▲ 9.4%
Amounts receivable after more than one year29-€89,949€35,963€0€57,803-
Trade receivables290-€89,949€35,963€0€57,803-
Stocks and contracts in progress3€7.6m€12.5m€20.9m€31.9m€31.9m▲ 0.2%
Stocks30/36-€12.5m€20.9m€31.9m€31.9m▲ 0.2%
Raw materials and consumables30/31-€8.0m€14.4m€18.7m€18.9m▲ 0.9%
Finished goods33-€2.4m€3.6m€7.8m€8.2m▲ 4.8%
Goods purchased for resale34-€2.1m€2.9m€5.3m€4.9m▼ 8.7%
Amounts receivable within one year40/41€7.2m€10.9m€14.2m€15.7m€20.1m▲ 28.6%
Trade receivables40-€8.7m€12.6m€13.3m€18.5m▲ 39.2%
Other amounts receivable41-€2.2m€1.7m€2.4m€1.6m▼ 30.7%
Current investments50/53€0-----
Cash at bank and in hand54/58€5.7m€3.6m€3.3m€2.6m€2.7m▲ 0.9%
Deferred charges and accrued income490/1-€547,015€683,932€1.3m€1.5m▲ 16.3%
Equity and liabilities
Total equity and liabilities10/49€30.8m€40.9m€58.4m€81.9m€94.7m▲ 15.6%
Equity10/15€12.6m€18.1m€26.7m€46.4m€55.9m▲ 20.6%
Contributions10/11€539,000€539,000€539,000€539,000€539,000=
Capital10-€539,000€539,000€539,000€539,000=
Issued capital100-€539,000€539,000€539,000€539,000=
Reserves13€11.2m€16.6m€25.2m€44.7m€54.3m▲ 21.6%
Non-distributable reserves130/1-€63,500€63,500€63,500€63,500=
Legal reserve130-€63,500€63,500€63,500€63,500=
Tax-exempt reserves132-€0€1.6m€2.6m€3.6m▲ 36.1%
Distributable reserves133-€16.5m€23.5m€42.0m€50.7m▲ 20.7%
Profit (loss) carried forward14€22,823€80,916€180,429€283,605€396,110▲ 39.7%
Investment grants15-€935,778€829,869€888,713€671,680▼ 24.4%
Provisions and deferred taxes16€161,172€88,241€584,280€1.1m€390,613▼ 65.6%
Provisions for liabilities and charges160/5-€88,241€584,280€1.1m€390,613▼ 65.6%
Other liabilities and charges164/5-€88,241€584,280€1.1m€390,613▼ 65.6%
Amounts payable17/49€18.0m€22.7m€31.1m€34.4m€38.4m▲ 11.6%
Amounts payable after more than one year17€7.5m€6.9m€10.8m€13.7m€11.7m▼ 14.6%
Financial debts170/4-€6.9m€10.8m€13.7m€11.7m▼ 14.6%
Leasing and similar obligations172-€0----
Credit institutions173-€6.9m€10.8m€13.7m€11.7m▼ 14.6%
Amounts payable within one year42/48€10.0m€15.3m€19.4m€20.0m€25.7m▲ 28.7%
Current portion of amounts payable after more than one year42-€2.0m€2.7m€3.7m€4.2m▲ 13.9%
Financial debts43-€1.4m€1.8m€3.4m€4.2m▲ 23.4%
Credit institutions430/8-€808,706€1.2m€2.3m€2.4m▲ 2.2%
Other loans439-€598,000€598,000€1.1m€1.9m▲ 67.9%
Trade debts44€3.3m€6.8m€8.6m€5.7m€7.5m▲ 31.1%
Suppliers440/4-€6.8m€8.6m€5.7m€7.5m▲ 31.1%
Advances received on contracts in progress46-€2.4m€1.5m€2.1m€3.1m▲ 47.9%
Taxes, remuneration and social security45-€1.3m€3.1m€3.8m€4.7m▲ 24.5%
Taxes450/3-€345,487€1.0m€601,712€256,688▼ 57.3%
Remuneration and social security454/9-€932,554€2.1m€3.2m€4.4m▲ 40.2%
Other amounts payable47/48-€1.3m€1.7m€1.3m€2.1m▲ 53.9%
Accrued charges and deferred income492/3-€486,570€946,522€745,692€991,000▲ 32.9%
Line20202021202220242025Change
Profit (loss) for the period9904€3.9m€5.8m€9.5m€10.2m€10.4m▲ 1.3%
+ Depreciation and write-downs630€2.6m€3.3m€3.8m€6.1m€7.1m▲ 16.0%
Operating cash flow (approximation)€6.5m€9.1m€13.3m€16.4m€17.5m▲ 6.8%
Investment in fixed assets (approximation)--€6.7m-€9.8m--€15.0m-
Change in cash--€2.2m-€246,834-€22,771-

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
10-07
NBB filing Annual accounts filed
fiscal year 2025 · unclassified schema
06-05
State Gazette act Permanent representative: Christophe COLSON
Reappointment: BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires et les comptes consolidés)3 facts ▸
  • Permanent representative, Christophe COLSON (permanent representative)
  • Director in office, Gauthier Philippart (administrateur ceo)
  • Auditor reappointment, BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires et les comptes consolidés)
2025
31-12
Financial Highest result since 2019net €10.4m ▲1.3%
Operating result €11.9m, net result €10.4m, both a record.
31-12
Financial Equity above €50mEq €55.9m ▲20.6%
6 profitable years in a row build equity to €55.9m.
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
17-07
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
2024
18-07
State Gazette act Resignations: PHILIPPART Gauthier, MORELLE Jean-Luc and GALLOY Jacques
Appointments: PHILIPPART Gauthier, MORELLE Jean-Luc and GALLOY Jacques · Statutes amendment · Capital15 facts ▸
  • General meeting, 05-12-2023
  • Statutes amendment
  • Capital, €539.000
  • Director resignation, PHILIPPART Gauthier (director)
  • Director appointment, PHILIPPART Gauthier (non-statutory director)
  • Director appointment, PHILIPPART Gauthier (managing director)
  • Director resignation, MORELLE Jean-Luc (director)
  • Director appointment, MORELLE Jean-Luc (non-statutory director)
  • Director appointment, MORELLE Jean-Luc (managing director)
  • Director resignation, GALLOY Jacques (director)
  • Director appointment, GALLOY Jacques (non-statutory director)
  • Mandate compensation, PHILIPPART Gauthier
  • +3 further facts in this act
26-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
28-12
State Gazette act Statutes amendment · Resignations & appointments
Power of attorney1 fact ▸
  • Power of attorney, HARDY Jean-Claude
05-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 36 days late
29-08
State Gazette act Reappointment: BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires)
Permanent representative: Christophe COLSON3 facts ▸
  • General meeting, 22-12-2022
  • Auditor reappointment, BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires)
  • Permanent representative, Christophe COLSON (permanent representative)
Show earlier events
2022
31-12
Financial Equity above €25mEq €26.7m ▲47.5%
4 profitable years in a row build equity to €26.7m.
27-12
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 149 days late
10-02
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 194 days late
2020
31-12
Financial Equity above €10mEq €12.6m ▲41.8%
2 profitable years in a row build equity to €12.6m.
10-12
State Gazette act Reappointments: Jean-Luc MORELLE, Gauthier PHILIPPART and Jacques GALLOY
5 facts ▸
  • General meeting, 17-06-2020
  • Director reappointment, Jean-Luc MORELLE (director)
  • Director reappointment, Gauthier PHILIPPART (director)
  • Director reappointment, Jacques GALLOY (director)
  • Director reappointment, Gauthier PHILIPPART (managing director)
19-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
State Gazette act Appointment: BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires)
Permanent representative: Christophe COLSON3 facts ▸
  • General meeting, 31-01-2019
  • Auditor appointment, BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires)
  • Permanent representative, Christophe COLSON (permanent representative)
06-06
State Gazette act Statutes amendment
Registered-office move · Power of attorney5 facts ▸
  • General meeting, 23-05-2019
  • Statutes amendment
  • Registered-office move, 4430 Ans, rue Gilles Magnée, 90
  • Statutes amendment
  • Power of attorney, TRASIS
27-02
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
16-08
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 19-06-2018
  • Registered-office move, Rue Gilles Magnée, 90 4430 ANS
2017
30-11
State Gazette act Appointment: Jacques GALLOY (director)
3 facts ▸
  • General meeting, 11-10-2017
  • Director appointment, Jacques GALLOY (director)
  • Board meeting, 11-10-2017
18-09
State Gazette act Capital & shares · Purpose · Statutes amendment
Share cancellation · Reserve release · Capital6 facts ▸
  • General meeting, 29-08-2017
  • Share cancellation, 108, annulation d'actions propres acquises aux termes de l'assemblée générale extraordinaire du dix novembre deux mille seize
  • Reserve release, suppression de la réserve indisponible constituée lors de l'acquisition de ces actions
  • Capital, €539.000
  • Purpose change, La société a pour objet le développement, la production, la commercialisation et l'exploitation d'appareillages, de logiciels, de composants, de médicaments, d'…
  • Capital representation change, 232 new shares per 1 old share, 99992
2016
23-12
State Gazette act Resignation: INVESTPARTNER (director)
Permanent representative: LEBLANC Françoise · Capital decrease · Share cancellation10 facts ▸
  • General meeting, 10-11-2016
  • Capital decrease, €96.000
  • Share cancellation, 96
  • Statutes amendment
  • Statutes amendment
  • Capital, €539.000
  • Statutes amendment
  • Statutes amendment
  • Director resignation, INVESTPARTNER (director)
  • Permanent representative, LEBLANC Françoise
2015
09-02
State Gazette act Reappointments: Jean-Luc MORELLE, Gauthier PHILLIPART and INVESTPARTNER
Mandate compensation · Power of attorney10 facts ▸
  • General meeting, 18-12-2014
  • Director reappointment, Jean-Luc MORELLE (class A director)
  • Director reappointment, Gauthier PHILLIPART (class A director)
  • Director reappointment, INVESTPARTNER (class B director)
  • Director reappointment, Jean-Luc MORELLE (managing director)
  • Director reappointment, Gauthier PHILLIPART (managing director)
  • Mandate compensation, Jean-Luc MORELLE
  • Mandate compensation, Gauthier PHILLIPART
  • Mandate compensation, INVESTPARTNER
  • Power of attorney, Françoise LEBLANC
2011
14-10
State Gazette act Capital & shares
Capital increase · Capital · Statutes amendment4 facts ▸
  • General meeting, 29-09-2011
  • Capital increase, €54.000
  • Capital, €635.000
  • Statutes amendment
09-08
State Gazette act Appointments: Jean-Luc Morelle (managing director) and Gauthier Philippart (managing director)
3 facts ▸
  • Board meeting, 27-04-2011
  • Director appointment, Jean-Luc Morelle (managing director)
  • Director appointment, Gauthier Philippart (managing director)
2010
14-10
State Gazette act Capital & shares
Capital increase · Capital · Statutes amendment10 facts ▸
  • General meeting, 30-09-2010
  • Capital increase, €53.000
  • Capital, €581.000
  • Statutes amendment
  • Bond conversion, 48, 48000
  • Bond conversion, 5, 5000
  • Bond transfer, 53, 22-09-2009
  • Bond transfer, 27-09-2010
  • Bond transfer, 27-09-2010
  • Share participation, 30-09-2010, A
2009
05-10
State Gazette act Resignation: START-UP INVEST (director)
Reappointments: MORELLE Jean-Luc (director) and PHILIPPART Gauthier (director) · Appointment: INVESTPARTNER (director) · Permanent representative: LEBLANC Françoise10 facts ▸
  • General meeting, 22-09-2009
  • Capital increase, €53.000
  • Capital, €528.000
  • Share class, 378, 150
  • Director resignation, START-UP INVEST (director)
  • Director reappointment, MORELLE Jean-Luc (director)
  • Director reappointment, PHILIPPART Gauthier (director)
  • Director appointment, INVESTPARTNER (director)
  • Permanent representative, LEBLANC Françoise
  • Mandate compensation, TRASIS
2006
23-10
State Gazette act Capital & shares · Statutes amendment
Share issue · Capital increase4 facts ▸
  • General meeting, 11-10-2006
  • Share issue, 53, 500.002 €
  • Capital increase, €500.002
  • Statutes amendment
2005
31-10
State Gazette act Capital & shares
Bond issue · Capital increase · Power of attorney5 facts ▸
  • General meeting, 29-09-2005
  • Bond issue, 160, 160000
  • Capital increase
  • Power of attorney, Conseil d'administration de TRASIS
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
18 of 18 acts read

Directors · office · real estate

Directors
under verification, no change since 2023
This board is reconstructed from a single act (24109002). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

GALLOY Jacques
Non-statutory director · since 05-12-2023
Current
MORELLE Jean-Luc
Non-statutory director · since 05-12-2023
Current
PHILIPPART Gauthier
Non-statutory director · since 05-12-2023
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Gauthier PHILLIPART
Class A director · since 18-12-2014
Not recently confirmed
Investpartner
Class B director · since 18-12-2014 · Legal entity
Not recently confirmed

Day-to-day management 2

MORELLE Jean-Luc
Managing director · since 27-04-2011
Current
PHILIPPART Gauthier
Managing director · since 27-04-2011
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Gauthier PHILLIPART
Managing director · since 18-12-2014
Not recently confirmed

Statutory auditor 1

BDO Réviseurs d'Entreprises
Commissaire pour les comptes statutaires et les comptes consolidés · since 31-01-2019 · perm. rep.: Christophe COLSON
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
2,440 m²
Parcel 62003A0053/00T006, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Trasis
Rue Gilles Magnée 90, 4430 AnsNACE 29561
since 20042.208.041.781
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62003A0053/00T006 Wallonia 2,440 m² - -
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.

Mandate history

8 people since 2009, 6 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MORELLE Jean-Luc
  • Director, already before 05-10-2009 to 05-12-2023
  • Managing director, from 27-04-2011 to date
  • Non-statutory director, from 05-12-2023 to date
PHILIPPART Gauthier
  • Director, already before 05-10-2009 to 05-12-2023
  • Managing director, from 27-04-2011 to date
  • Non-statutory director, from 05-12-2023 to date
GALLOY Jacques
  • Director, from 11-10-2017 to 05-12-2023
  • Non-statutory director, from 05-12-2023 to date
BDO Réviseurs d'Entreprises
  • Commissaire pour les comptes statutaires et les comptes consolidés, from 31-01-2019 to date
Gauthier PHILLIPART
  • Class A director, already before 18-12-2014 not ended, last confirmed 09-02-2015
  • Managing director, already before 18-12-2014 not ended, last confirmed 09-02-2015
Investpartner
  • Class B director, already before 18-12-2014 not ended, last confirmed 09-02-2015
NOSHAQ PARTNERS
  • Director, from 22-09-2009 to 10-11-2016
NOSHAQ VENTURE
  • Director, until 22-09-2009
See the board, name and seat on a given date →

Articles of association

Purpose
Le développement, la production, la commercialisation et l'exploitation d'appareillages, de logiciels, de composants, de médicaments, d'API et de matières premières utilisés dans…
Full purpose

Le développement, la production, la commercialisation et l'exploitation d'appareillages, de logiciels, de composants, de médicaments, d'API et de matières premières utilisés dans les domaines de la pharmacie, de la médecine et des scierices de la vie. La société pourra exercer toute prestation de service et de conseil darıs les domaines précités. Elle pourra s'intéresser, par voie d'apports, de fusion ou d'absorption, ou de toute autre manière, à toute sociétés ou entreprise ayant des activités, des actifs ou des compétences propres à faciliter la réalisation de son objet social. Elle pourra en outre vendre ou concéder toutes marques de fabrique, secrets de fabrication, produits ou brevets er rapport avec sor objet social et participer à la création d'entreprises similaires. La société pourra exercer toute activité et accomplir d'une façon générale tous actes, toute opératiori commerciale, industrielle, financière, mobilières ou immobilières de rature à favoriser la réalisation de son objet social. Elie peut accomplir toutes ces opérations en nom et pour compte propre, airsi que pour ses associés ou pour le compte de tiers. La société pourra exercer les fonctions de gérant ou d'administrateur d'autres sociétés. Elle pourra exercer ses activités tant en Belgique qu'à l'étranger.

Structure & network

Owners and holdings

3 holdings

Owners 0

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

Holdings 3

According to the 2025 annual accounts of TRASIS 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

39 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
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Capital and shareholders

Capital over the years
  1. 18-07-2024 Capital stated in 2 acts · 539,000 EUR · 99,992 shares
  2. 23-12-2016 Capital reduction of 96,000 EUR · to 539,000 EUR · “annulation de 96 actions”
  3. 14-10-2011 Capital increase of 54,000 EUR · to 635,000 EUR · 54 new shares
  4. 14-10-2010 Capital increase of 53,000 EUR · to 581,000 EUR · 53 new shares
  5. 05-10-2009 Capital increase of 53,000 EUR · to 528,000 EUR · 53 new shares
  6. 23-10-2006 Capital increase of 500,002 EUR · 53 new shares
  7. 31-10-2005 Capital increase · 160 new shares

Recognitions · licences · registrations

Legal Entity Identifier

54930065G1BNMJ34KZ24
live in the LEI register

Similar companies · same sector, comparable size

Of 11,573 companies in sector 71121 we hold annual accounts for 6,570. 210 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded21-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
26600Manufacture of computer, electronic and optical products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0865913456
Registered 26-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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