TRAVADRI
ActiveSummary
TRAVADRI has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-178k) and a net result of €31k. Equity is shrinking by ~59.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+48
Solvency0▼-1
Growth38=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.75 in 2024; short-term debt: 135.3% and cash: 21.9% of total assets), and equity is negative.
Credit check 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
-38.9%
Return on assets
6.7%
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 868 sector peers (2025).
NBB · sector comparisonPosition among 868 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 28-08-2026, 28 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
28 d late
2024
40 d late
2023
47 d early
2022
32 d late
2021
16 d early
2020
27 d late
2019
8 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.06M▲ 4.5%
2018 · €1.97M
2018: €1.97M
2019: €2.06M▲ +4.5% vs 2018
2018 → 2019
EBIT margin
1.4%▼ 1.6pp
2018 · 3.0%
2018: 3.0%
2019: 1.4%▼ -53.6% vs 2018
2018 → 2019
Net result
€31k
2024 · €-261k
2018: €39k
2019: €18k▼ -53.2% vs 2018
2020: €105k▲ +473% vs 2019highest in 8 years
2021: €66k▼ -36.6% vs 2020
2022: €-9k▼ -113% vs 2021
2023: €-125k▼ -1345% vs 2022
2024: €-261k▼ -110% vs 2023lowest in 8 years
2025: €31k▲ +112% vs 2024
2018 → 2025
Working capital
€-211k▲ 21.7%
2024 · €-269k
2018: €674k
2019: €762k▲ +13.0% vs 2018highest in 8 years
2020: €124k▼ -83.7% vs 2019
2021: €62k▼ -50.0% vs 2020
2022: €89k▲ +42.6% vs 2021
2023: €-19k▼ -121% vs 2022
2024: €-269k▼ -1331% vs 2023lowest in 8 years
2025: €-211k▲ +21.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€201k▼ 8.9%€65k▼ 67.6%€-208k€-178k▲ 14.3%
2021: €220khighest in 5 years
2022: €201k▼ -8.9% vs 2021
2023: €65k▼ -67.6% vs 2022
2024: €-208k▼ -419% vs 2023lowest in 5 years
2025: €-178k▲ +14.3% vs 2024
Operating result€78k-€-6k€-129k▼ 2,241%€-220k▼ 70.2%€64k
2021: €78khighest in 5 years
2022: €-6k▼ -107% vs 2021
2023: €-129k▼ -2241% vs 2022
2024: €-220k▼ -70.2% vs 2023lowest in 5 years
2025: €64k▲ +129% vs 2024
Net result€66k-€-9k€-125k▼ 1,345%€-261k▼ 110%€31k
2021: €66khighest in 5 years
2022: €-9k▼ -113% vs 2021
2023: €-125k▼ -1345% vs 2022
2024: €-261k▼ -110% vs 2023lowest in 5 years
2025: €31k▲ +112% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €64k after a loss of €220k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458k
Fixed assets
€49k ▼ 20.1%
Current assets
€409k ▼ 48.3%
Key figures and ratios
EBITDA
€88k▲
2024 · €-186k
Cash flow
€55k▲
2024 · €-228k
Solvency
-38.9%▼
2024 · -24.4%
Current ratio
0.66▼
2024 · 0.75
Quick ratio
0.65▼
2024 · 0.74
Debt to equity
-3.57▲
2024 · -5.10
ROA
6.7%▲
2024 · -30.7%
Interest coverage
2.48▲
2024 · -4.45
Debt
€636k▼
2024 · €1.06M
Debt ≤ 1 year
€620k▼
2024 · €1.06M
Staff costs
€681k▼
2024 · €801k
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 · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€853k€458k▼
Fixed assets21/28€61k€49k▼
Tangible fixed assets22/27€32k€14k▼
Plant, machinery and equipment23€2k€935▼
Furniture and vehicles24€21k€5k▼
Other tangible fixed assets26€10k€8k▼
Financial fixed assets28€29k€35k▲
Current assets29/58€792k€409k▼
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€742k€255k▼
Trade receivables40€279k€218k▼
Other amounts receivable41€463k€36k▼
Cash at bank and in hand54/58€35k€100k▲
Deferred charges and accrued income490/1€9k€48k▲
Equity and liabilities
Total equity and liabilities10/49€853k€458k▼
Equity10/15€-208k€-178k▲
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Reserves13€37k€37k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€-395k€-364k▲
Investment grants15€1k-
Amounts payable17/49€1.06M€636k▼
Amounts payable within one year42/48€1.06M€620k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Financial debts43€250k€250k=
Credit institutions430/8€250k€250k=
Trade debts44€517k€271k▼
Suppliers440/4€517k€271k▼
Taxes, remuneration and social security45€280k€11k▼
Taxes450/3€82k-
Remuneration and social security454/9€198k€11k▼
Other amounts payable47/48-€75k
Accrued charges and deferred income492/3€0€16k▲
Income statement
Code20242025
Non-recurring operating income76A€10k€17k▲
Remuneration, social security and pensions62€801k€681k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€24k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€13k€6k▼
Non-recurring operating charges66A-€7k
Gross operating margin9900€630k€782k▲
Operating profit (loss)9901€-220k€64k▲
Financial income75/76B€58€2k▲
Recurring financial income75€58€2k▲
Financial charges65/66B€42k€36k▼
Recurring financial charges65€42k€36k▼
Profit (loss) for the period before taxes9903€-261k€31k▲
Profit (loss) for the period9904€-261k€31k▲
Profit (loss) for the period to be appropriated9905€-261k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-395k€-364k▲
Profit (loss) brought forward from the previous period14P€-133k€-395k▼
Social balance
Average headcount (FTE)908714.314.3=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €141k | - | - | €10k | €17k | ▲ 68.6% |
| Remuneration, social security and pensions62 | €705k | €750k | €726k | €801k | €681k | ▼ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €41k | - | €34k | €24k | ▼ 28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €34k | €0 | €7k | €2k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | €2k | - | - | - |
| Other operating charges640/8 | €45k | €56k | €48k | €13k | €6k | ▼ 56.6% |
| Non-recurring operating charges66A | - | - | - | - | €7k | - |
| Gross operating margin9900 | €904k | €841k | €653k | €630k | €782k | ▲ 24.1% |
| Operating profit (loss)9901 | €78k | €-6k | €-129k | €-220k | €64k | ▲ 129% |
| Financial income75/76B | €12k | €11k | €14k | €58 | €2k | ▲ 3,281% |
| Recurring financial income75 | €12k | €11k | €14k | €58 | €2k | ▲ 3,281% |
| Financial charges65/66B | €16k | €17k | €18k | €42k | €36k | ▼ 14.7% |
| Recurring financial charges65 | €16k | €17k | €18k | €42k | €36k | ▼ 14.7% |
| Profit (loss) for the period before taxes9903 | €75k | €-11k | €-133k | €-261k | €31k | ▲ 112% |
| Income taxes67/77 | €8k | €-2k | €-8k | - | - | - |
| Profit (loss) for the period9904 | €66k | €-9k | €-125k | €-261k | €31k | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €66k | €-9k | €-125k | €-261k | €31k | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €838k | €1.07M | €953k | €853k | €458k | ▼ 46.3% |
| Fixed assets21/28 | €158k | €123k | €84k | €61k | €49k | ▼ 20.1% |
| Tangible fixed assets22/27 | €135k | €98k | €57k | €32k | €14k | ▼ 56.2% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €935 | ▼ 41.4% |
| Furniture and vehicles24 | €119k | €81k | €43k | €21k | €5k | ▼ 76.2% |
| Other tangible fixed assets26 | €15k | €14k | €12k | €10k | €8k | ▼ 17.8% |
| Financial fixed assets28 | €24k | €25k | €27k | €29k | €35k | ▲ 20.7% |
| Current assets29/58 | €680k | €950k | €869k | €792k | €409k | ▼ 48.3% |
| Stocks and contracts in progress3 | €22k | €26k | €55k | €6k | €6k | = |
| Stocks30/36 | €22k | €26k | €55k | €6k | €6k | = |
| Amounts receivable within one year40/41 | €591k | €878k | €726k | €742k | €255k | ▼ 65.7% |
| Trade receivables40 | €294k | €320k | €270k | €279k | €218k | ▼ 21.9% |
| Other amounts receivable41 | €297k | €558k | €456k | €463k | €36k | ▼ 92.1% |
| Cash at bank and in hand54/58 | €67k | €45k | €83k | €35k | €100k | ▲ 189% |
| Deferred charges and accrued income490/1 | - | - | €4k | €9k | €48k | ▲ 468% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €838k | €1.07M | €953k | €853k | €458k | ▼ 46.3% |
| Equity10/15 | €220k | €201k | €65k | €-208k | €-178k | ▲ 14.3% |
| Contributions10/11 | €149k | €149k | €149k | €149k | €149k | = |
| Capital10 | €149k | €149k | €149k | €149k | €149k | = |
| Issued capital100 | €149k | €149k | €149k | €149k | €149k | = |
| Reserves13 | €37k | €37k | €37k | €37k | €37k | = |
| Non-distributable reserves130/1 | €15k | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | €15k | €15k | €15k | €15k | €15k | = |
| Distributable reserves133 | €22k | €22k | €22k | €22k | €22k | = |
| Profit (loss) carried forward14 | - | €-9k | €-133k | €-395k | €-364k | ▲ 7.8% |
| Investment grants15 | €34k | €23k | €12k | €1k | - | - |
| Amounts payable17/49 | €618k | €872k | €888k | €1.06M | €636k | ▼ 40.0% |
| Amounts payable within one year42/48 | €618k | €861k | €888k | €1.06M | €620k | ▼ 41.5% |
| Current portion of amounts payable after more than one year42 | €14k | €97k | €13k | €13k | €13k | ▲ 1.1% |
| Financial debts43 | €95k | €195k | €250k | €250k | €250k | = |
| Credit institutions430/8 | €95k | €195k | €250k | €250k | €250k | = |
| Trade debts44 | €428k | €467k | €495k | €517k | €271k | ▼ 47.6% |
| Suppliers440/4 | €428k | €467k | €495k | €517k | €271k | ▼ 47.6% |
| Taxes, remuneration and social security45 | €81k | €101k | €130k | €280k | €11k | ▼ 96.0% |
| Taxes450/3 | €13k | €31k | €65k | €82k | - | - |
| Remuneration and social security454/9 | €68k | €70k | €65k | €198k | €11k | ▼ 94.4% |
| Other amounts payable47/48 | - | - | - | - | €75k | - |
| Accrued charges and deferred income492/3 | - | €11k | €114 | €0 | €16k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66k | €-9k | €-125k | €-261k | €31k | ▲ 112% |
| + Depreciation and write-downs630 | €41k | €41k | - | €34k | €24k | ▼ 28.9% |
| Operating cash flow (approximation) | €107k | €32k | €-125k | €-228k | €55k | ▲ 124% |
| Investment in fixed assets (approximation) | - | €-6k | €39k | €-11k | €-12k | ▼ 9.3% |
| Change in cash | - | €-21k | €38k | €-49k | €66k | ▲ 234% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Back to profitnet €31k
Net result €31k after 3 loss-making years.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 40 days late
2024
31-12
Financial
Weakest financial yearnet €-261k
Net result drops to €-261k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €105k ▲473%
Operating result €105k, net result €105k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Merelbeke-Melle · 1 establishment unit since 1995
Ground area
478 m²
Building footprint
478 m²
Volume, LiDAR
1,945 m³
Parcel 44412B0010/00E000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Zwijnaardsesteenweg 93, 9820 Merelbeke-Melle
since 19952.072.943.943
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0010/00E000 | Flanders | 478 m² | 1 · 478 m² | 6.0 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 1,550 EUR awarded · 1,550 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 1,500 EUR | 1,550 EUR |
| 2022 | 1 | 50 EUR | 0 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,164 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
Founded28-06-1995
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.