TRATE
ActiveSummary
TRATE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,217 and a net result of €2,132. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 2309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency62▼-38
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 8.03 in 2024; short-term debt: 62.9% and cash: 7.3% of total assets), and 62.9% of the assets are financed with debt.
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Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
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 2025Solvency, return and age of the figures
Solvency
37.1%
Return on assets
0.9%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 25-07-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
26 d early
2023
18 d early
2022
38 d early
2021
51 d early
2020
42 d early
2019
27 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 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€90,217▲ 2.4%
2024 · €88,085
Total assets
€243,023▲ 142%
2024 · €100,349
Net result
€2,132▲ 649%
2024 · €285
Working capital
€72,268▼ 16.2%
2024 · €86,280
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€11,966▲ 7.8%€48,338▲ 304%€4,203▼ 91.3%€1,595▼ 62.1%€2,640▲ 65.6%
Net result€449within the sector's middle half▼ 60.7%€37,797within the sector's middle half▲ 8,313%€2,630within the sector's middle half▼ 93.0%€285below the sector's middle half▼ 89.2%€2,132within the sector's middle half▲ 649%
Equity€47,373below the sector's middle half▲ 1.0%€85,170within the sector's middle half▲ 79.8%€87,800within the sector's middle half▲ 3.1%€88,085within the sector's middle half▲ 0.3%€90,217within the sector's middle half▲ 2.4%
Total assets€72,360below the sector's middle half▼ 82.5%€106,129below the sector's middle half▲ 46.7%€94,090below the sector's middle half▼ 11.3%€100,349below the sector's middle half▲ 6.7%€243,023within the sector's middle half▲ 142%
Debt€24,987▼ 93.2%€20,959▼ 16.1%€6,290▼ 70.0%€12,265▲ 95.0%€152,807▲ 1,146%
Working capital€57,078within the sector's middle half▲ 43.9%€83,669within the sector's middle half▲ 46.6%€91,636within the sector's middle half▲ 9.5%€86,280within the sector's middle half▼ 5.8%€72,268within the sector's middle half▼ 16.2%
Solvency65.5%within the sector's middle half▲ 54.1pp80.3%above the sector's middle half▲ 14.8pp93.3%above the sector's middle half▲ 13.1pp87.8%above the sector's middle half▼ 5.5pp37.1%within the sector's middle half▼ 50.7pp
Current ratio12.81above the sector's middle half▲ 11.705.77above the sector's middle half▼ 7.048.03above the sector's middle half1.47within the sector's middle half▼ 6.56
Return on assets (ROA)0.6%within the sector's middle half▲ 0.3pp35.6%above the sector's middle half▲ 35.0pp2.8%within the sector's middle half▼ 32.8pp0.3%within the sector's middle half▼ 2.5pp0.9%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 66% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,023
Fixed assets
€17,948 ▲ 894%
Current assets
€225,075 ▲ 128%
Equity and liabilities €243,023
Equity
€90,217 ▲ 2.4%
Debt
€152,807 ▲ 1,146%
Debt's share of the balance-sheet total rises from 12.2% to 62.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,886▲
2024 · €2,793
Cash flow
€3,377▲
2024 · €1,484
Quick ratio
1.08▼
2024 · 8.03
Debt to equity
1.69▲
2024 · 0.14
ROE
2.4%▲
2024 · 0.3%
Interest coverage
53.48▲
2024 · 22.39
Debt ≤ 1 year
€152,807▲
2024 · €12,265
Income taxes
€436▼
2024 · €1,185
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,724 | €5,547 | €2,937 | €1,199 | €1,245 | ▲ 3.9% |
| Other operating charges640/8 | - | €750 | €757 | €502 | €387 | ▼ 22.9% |
| Gross operating margin9900 | €23,458 | €54,635 | €7,896 | €3,296 | €4,273 | ▲ 29.6% |
| Operating profit (loss)9901 | €11,966 | €48,338 | €4,203 | €1,595 | €2,640 | ▲ 65.6% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | €2 | - | €0 | €0 | - | - |
| Financial charges65/66B | - | €132 | €125 | €125 | €73 | ▼ 41.8% |
| Recurring financial charges65 | €11,343 | €132 | €125 | €125 | €73 | ▼ 41.8% |
| Profit (loss) for the period before taxes9903 | €625 | €48,207 | €4,079 | €1,470 | €2,568 | ▲ 74.7% |
| Income taxes67/77 | €176 | €10,410 | €1,448 | €1,185 | €436 | ▼ 63.2% |
| Profit (loss) for the period9904 | €449 | €37,797 | €2,630 | €285 | €2,132 | ▲ 649% |
| Profit (loss) for the period to be appropriated9905 | €449 | €37,797 | €2,630 | €285 | €2,132 | ▲ 649% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,360 | €106,129 | €94,090 | €100,349 | €243,023 | ▲ 142% |
| Fixed assets21/28 | €10,448 | €4,901 | €1,964 | €1,805 | €17,948 | ▲ 894% |
| Tangible fixed assets22/27 | €10,448 | €4,901 | €1,964 | €1,805 | €17,948 | ▲ 894% |
| Land and buildings22 | - | €745 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €734 | €473 | €1,134 | €6,774 | ▲ 497% |
| Furniture and vehicles24 | - | €3,421 | €1,490 | €671 | €6,669 | ▲ 893% |
| Assets under construction and advance payments27 | - | - | - | - | €4,506 | - |
| Current assets29/58 | €61,912 | €101,228 | €92,126 | €98,544 | €225,075 | ▲ 128% |
| Stocks and contracts in progress3 | - | - | - | - | €60,693 | - |
| Stocks30/36 | - | - | - | - | €60,693 | - |
| Amounts receivable within one year40/41 | €43,687 | €13,537 | €37,194 | €75,218 | €146,150 | ▲ 94.3% |
| Trade receivables40 | - | €13,537 | €20,775 | €67,883 | €126,272 | ▲ 86.0% |
| Other amounts receivable41 | - | - | €16,418 | €7,335 | €19,878 | ▲ 171% |
| Cash at bank and in hand54/58 | €15,625 | €84,813 | €51,946 | €21,001 | €17,697 | ▼ 15.7% |
| Deferred charges and accrued income490/1 | - | €2,878 | €2,986 | €2,325 | €536 | ▼ 77.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,360 | €106,129 | €94,090 | €100,349 | €243,023 | ▲ 142% |
| Equity10/15 | €47,373 | €85,170 | €87,800 | €88,085 | €90,217 | ▲ 2.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €41,173 | €78,970 | €81,600 | €81,885 | €84,017 | ▲ 2.6% |
| Distributable reserves133 | - | €78,970 | €81,600 | €81,885 | €84,017 | ▲ 2.6% |
| Amounts payable17/49 | €24,987 | €20,959 | €6,290 | €12,265 | €152,807 | ▲ 1,146% |
| Amounts payable within one year42/48 | €4,833 | €17,559 | €490 | €12,265 | €152,807 | ▲ 1,146% |
| Trade debts44 | €103 | €3,492 | €490 | €3,611 | €34,907 | ▲ 867% |
| Suppliers440/4 | - | €3,492 | €490 | €3,611 | €34,907 | ▲ 867% |
| Taxes, remuneration and social security45 | - | €9,186 | €0 | €2,633 | €16,411 | ▲ 523% |
| Taxes450/3 | - | €9,186 | €0 | €2,633 | €16,411 | ▲ 523% |
| Other amounts payable47/48 | - | €4,881 | €0 | €6,021 | €101,490 | ▲ 1,586% |
| Accrued charges and deferred income492/3 | - | €3,400 | €5,800 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €449 | €37,797 | €2,630 | €285 | €2,132 | ▲ 649% |
| + Depreciation and write-downs630 | €10,724 | €5,547 | €2,937 | €1,199 | €1,245 | ▲ 3.9% |
| Operating cash flow (approximation) | €11,173 | €43,344 | €5,568 | €1,484 | €3,377 | ▲ 128% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,041 | -€17,388 | ▼ 1,571% |
| Change in cash | - | €69,188 | -€32,866 | -€30,945 | -€3,305 | ▲ 89.3% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-06
Financial
Weakest financial yearnet €285 ▼89.2%
Net result drops to €285, the lowest in the series; recovery starts the following year.
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
Financial
Liquidity times 33current ratio 188.14
Current ratio from 5.77 to 188.14; short-term debt falls from €17,559 to €490.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
29-06
Financial
Highest result since 2019net €37,797 ▲8,313%
Operating result €48,338, net result €37,797, both a record.
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
29-06
Financial
Liquidity times 12current ratio 12.81
Current ratio from 1.11 to 12.81; short-term debt falls from €356,957 to €4,833.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Mechelen · 2 establishment units since 2005
Ground area
1.1 ha
Building footprint
3,728 m²
Volume, LiDAR
14,319 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
TRATE
since 20052.145.511.326
Trailer Atelier Waregem
since 20252.389.338.840
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0153/00V000 | Flanders | 7,576 m² | 1 · 2,041 m² | 8.8 m · 2 fl. |
| 34035B0347/00A000 | Flanders | 3,551 m² | 1 · 1,687 m² | 7.5 m |
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.
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KEN KENNY &MCKAY
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,616 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
Founded25-01-2005
Fiscal year end31-01
Activities, NACEBEL 2025
46713Wholesale trade
82100Office administrative and support services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73300Public relations and communication consultancy
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871420482
Also
9925:BE0871420482
Registered
28-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.