TRAVO
ActiveSummary
The computed 12-month bankruptcy probability of TRAVO is 2.7% (moderate). The 2024 annual accounts show equity of €272,508 and a net result of €64,297. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 1860 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+3
Solvency60▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.04 in 2023; short-term debt: 49% and cash: 11.1% of total assets), and 64.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
19 d late
2022
54 d late
2021
12 d late
2020
38 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€272,508▲ 30.9%
2023 · €208,211
Total assets
€770,447▼ 4.5%
2023 · €807,123
Net result
€64,297▲ 39.2%
2023 · €46,190
Working capital
€82,519▲ 404%
2023 · €16,366
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20202021202220232024
Operating result€44,382▲ 347%€113,414▲ 156%€40,769▼ 64.1%€74,961▲ 83.9%€107,228▲ 43.0%
Net result€33,634above the sector's middle half▲ 337%€82,032above the sector's middle half▲ 144%€32,457above the sector's middle half▼ 60.4%€46,190within the sector's middle half▲ 42.3%€64,297within the sector's middle half▲ 39.2%
Equity€47,531within the sector's middle half▲ 242%€129,564above the sector's middle half▲ 173%€162,021above the sector's middle half▲ 25.1%€208,211within the sector's middle half▲ 28.5%€272,508within the sector's middle half▲ 30.9%
Total assets€420,177above the sector's middle half▲ 83.5%€567,798above the sector's middle half▲ 35.1%€547,559above the sector's middle half▼ 3.6%€807,123within the sector's middle half▲ 47.4%€770,447within the sector's middle half▼ 4.5%
Debt€372,646▲ 73.3%€438,234▲ 17.6%€385,539▼ 12.0%€598,912▲ 55.3%€497,939▼ 16.9%
Working capital-€40,214below the sector's middle half-€14,773below the sector's middle half▲ 63.3%€1,550within the sector's middle half€16,366within the sector's middle half▲ 956%€82,519within the sector's middle half▲ 404%
Solvency11.3%below the sector's middle half▲ 5.2pp22.8%within the sector's middle half▲ 11.5pp29.6%within the sector's middle half▲ 6.8pp25.8%within the sector's middle half▼ 3.8pp35.4%within the sector's middle half▲ 9.6pp
Current ratio0.83within the sector's middle half▼ 0.170.95within the sector's middle half▲ 0.121.01within the sector's middle half▲ 0.061.04within the sector's middle half▲ 0.041.22within the sector's middle half▲ 0.18
Return on assets (ROA)8.0%within the sector's middle half▲ 4.6pp14.4%within the sector's middle half▲ 6.4pp5.9%within the sector's middle half▼ 8.5pp5.7%within the sector's middle half▼ 0.2pp8.3%within the sector's middle half▲ 2.6pp
Staff (FTE)4.5above the sector's middle half▲ 50.0%5.6▲ 24.4%5.2▼ 7.1%6.3within the sector's middle half▲ 21.2%8within the sector's middle half▲ 27.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 43% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €770,447
Fixed assets
€310,647 ▼ 24.2%
Current assets
€459,800 ▲ 15.8%
Equity and liabilities €770,447
Equity
€272,508 ▲ 30.9%
Debt
€497,939 ▼ 16.9%
Debt's share of the balance-sheet total falls from 74.2% to 64.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€222,742▲
2023 · €188,563
Cash flow
€179,811▲
2023 · €159,792
Debt to equity
1.83▼
2023 · 2.88
ROE
23.6%▲
2023 · 22.2%
Interest coverage
16.34▲
2023 · 14.89
Debt ≤ 1 year
€377,281▼
2023 · €380,817
Debt > 1 year
€120,657▼
2023 · €218,095
Income taxes
€31,174▲
2023 · €16,196
Staff costs
€370,416▲
2023 · €334,371
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,970 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €275,893 | €251,910 | €334,371 | €370,416 | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,398 | €57,100 | €71,781 | €113,602 | €115,514 | ▲ 1.7% |
| Other operating charges640/8 | - | €1,187 | €1,595 | €1,283 | €2,471 | ▲ 92.6% |
| Non-recurring operating charges66A | - | - | €6,589 | €7,984 | €1,253 | ▼ 84.3% |
| Gross operating margin9900 | €297,341 | €447,594 | €372,644 | €532,201 | €596,882 | ▲ 12.2% |
| Operating profit (loss)9901 | €44,382 | €113,414 | €40,769 | €74,961 | €107,228 | ▲ 43.0% |
| Financial income75/76B | - | €1,112 | €3,911 | €90 | €1,871 | ▲ 1,968% |
| Recurring financial income75 | €61 | €1,112 | €3,911 | €90 | €1,871 | ▲ 1,968% |
| Financial charges65/66B | - | €8,058 | €6,491 | €12,666 | €13,628 | ▲ 7.6% |
| Recurring financial charges65 | €4,005 | €8,058 | €6,491 | €12,666 | €13,628 | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | €40,438 | €106,468 | €38,188 | €62,386 | €95,471 | ▲ 53.0% |
| Income taxes67/77 | €6,804 | €24,436 | €5,731 | €16,196 | €31,174 | ▲ 92.5% |
| Profit (loss) for the period9904 | €33,634 | €82,032 | €32,457 | €46,190 | €64,297 | ▲ 39.2% |
| Profit (loss) for the period to be appropriated9905 | €33,634 | €82,032 | €32,457 | €46,190 | €64,297 | ▲ 39.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €420,177 | €567,798 | €547,559 | €807,123 | €770,447 | ▼ 4.5% |
| Fixed assets21/28 | €218,310 | €283,581 | €303,275 | €409,940 | €310,647 | ▼ 24.2% |
| Tangible fixed assets22/27 | €194,310 | €259,581 | €279,275 | €385,940 | €280,367 | ▼ 27.4% |
| Plant, machinery and equipment23 | - | €10,408 | €12,800 | €34,226 | €39,293 | ▲ 14.8% |
| Furniture and vehicles24 | - | €6,189 | €17,280 | €26,965 | €8,782 | ▼ 67.4% |
| Leasing and similar rights25 | - | €242,984 | €249,196 | €324,749 | €232,291 | ▼ 28.5% |
| Financial fixed assets28 | €24,000 | €24,000 | €24,000 | €24,000 | €30,280 | ▲ 26.2% |
| Current assets29/58 | €201,867 | €284,217 | €244,284 | €397,183 | €459,800 | ▲ 15.8% |
| Amounts receivable within one year40/41 | €146,359 | €200,956 | €165,596 | €326,403 | €372,727 | ▲ 14.2% |
| Trade receivables40 | - | €200,956 | €164,452 | €312,598 | €349,474 | ▲ 11.8% |
| Other amounts receivable41 | - | - | €1,144 | €13,804 | €23,253 | ▲ 68.4% |
| Cash at bank and in hand54/58 | €55,508 | €82,078 | €77,506 | €69,594 | €85,648 | ▲ 23.1% |
| Deferred charges and accrued income490/1 | - | €1,182 | €1,182 | €1,186 | €1,425 | ▲ 20.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €420,177 | €567,798 | €547,559 | €807,123 | €770,447 | ▼ 4.5% |
| Equity10/15 | €47,531 | €129,564 | €162,021 | €208,211 | €272,508 | ▲ 30.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €41,331 | €123,364 | €155,821 | €202,011 | €266,308 | ▲ 31.8% |
| Non-distributable reserves130/1 | - | €385 | €385 | €385 | - | - |
| Reserves not available under the articles1311 | - | €385 | €385 | €385 | - | - |
| Distributable reserves133 | - | €122,979 | €155,436 | €201,626 | €266,308 | ▲ 32.1% |
| Amounts payable17/49 | €372,646 | €438,234 | €385,539 | €598,912 | €497,939 | ▼ 16.9% |
| Amounts payable after more than one year17 | €130,565 | €139,244 | €142,805 | €218,095 | €120,657 | ▼ 44.7% |
| Financial debts170/4 | - | €139,244 | €142,805 | €218,095 | €120,657 | ▼ 44.7% |
| Amounts payable within one year42/48 | €242,081 | €298,990 | €242,734 | €380,817 | €377,281 | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €81,683 | €71,470 | €97,611 | €96,316 | ▼ 1.3% |
| Financial debts43 | - | €15,159 | - | €15,000 | €35,000 | ▲ 133% |
| Credit institutions430/8 | - | €15,159 | - | €15,000 | €35,000 | ▲ 133% |
| Trade debts44 | €133,280 | €131,311 | €117,853 | €212,938 | €203,053 | ▼ 4.6% |
| Suppliers440/4 | - | €131,311 | €117,853 | €212,938 | €203,053 | ▼ 4.6% |
| Taxes, remuneration and social security45 | - | €55,751 | €42,512 | €54,859 | €42,912 | ▼ 21.8% |
| Taxes450/3 | - | €28,114 | €15,167 | €20,046 | €5,785 | ▼ 71.1% |
| Remuneration and social security454/9 | - | €27,637 | €27,344 | €34,813 | €37,127 | ▲ 6.6% |
| Other amounts payable47/48 | - | €15,086 | €10,900 | €410 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,634 | €82,032 | €32,457 | €46,190 | €64,297 | ▲ 39.2% |
| + Depreciation and write-downs630 | €32,398 | €57,100 | €71,781 | €113,602 | €115,514 | ▲ 1.7% |
| Operating cash flow (approximation) | €66,032 | €139,132 | €104,238 | €159,792 | €179,811 | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | -€122,371 | -€91,475 | -€220,267 | -€16,221 | ▲ 92.6% |
| Change in cash | - | €26,570 | -€4,573 | -€7,911 | €16,054 | ▲ 303% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Equity above €200,000Eq €208,211 ▲28.5%
5 profitable years in a row build equity to €208,211.
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
2022
31-12
Financial
Equity above €150,000Eq €162,021 ▲25.1%
4 profitable years in a row build equity to €162,021.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Highest result since 2019net €82,032 ▲144%
Operating result €113,414, net result €82,032, both a record.
31-12
Financial
Equity above €100,000Eq €129,564 ▲173%
3 profitable years in a row build equity to €129,564.
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Vilvoorde · 1 establishment unit since 2018
Ground area
2,055 m²
Building footprint
400 m²
Volume, LiDAR
1,342 m³
Parcel 23643G0046/00R000, Flanders · tallest building 3.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TRAVO
since 20182.283.894.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0046/00R000 | Flanders | 2,055 m² | 1 · 400 m² | 3.9 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 2025 · 3 entries · 7,086 EUR awarded · 7,056 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 867 EUR | 867 EUR |
| 2024 | 1 | 219 EUR | 189 EUR |
| 2022 | 1 | 6,000 EUR | 6,000 EUR |
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 5,949 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
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716627783
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.