Losses
-€29,448 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
TRAVO GROUP
Lifetime
8 annual accounts with figures on one time axispeak €135,573 (2025)
€135,573▲ 34.3%
lowest -€19,562 (2021)
-€2,186▲ €16,326
peak €90,189 (2020)
€67,328▲ 57.8%
€79,867▼ 34.1%
peak 0.4 FTE (2020)
-not published
Board3 names since 2017
1 directorNBC Group
Documentsfilings and deeds
16-07-202615 days before the deadline
2025micro format
Gross margin from €100,919 to €135,573Loss of €2,186Equity from €42,671 to €67,328Debts from €121,242 to €79,867Cash from €1,764 to €13,386
Key points
from the 2025 annual accountsTurnover
≈ €450,000 estimated
The micro format states no turnover.
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Liquidity
2.51 was 1.16 in 2024
Short-term debts fell from €82,255 to €51,432.
Filings
8 annual accounts 3 late
The 2020 accounts came latest: 59 days after the end of the period.
Position in the sector
€135,573
Higher gross margin than 86% of companies in construction of buildings. Sector median €32,132 · 9,448 companies.
Checked score
55
Fair
Financially stronger than 51% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.3%
01-2025: 3.2%▼ -0.1 percentage points vs 12-2024
02-2025: 2.9%▼ -0.3 percentage points vs 01-2025
03-2025: 2.9%● unchanged vs 02-2025
04-2025: 3.0%▲ +0.1 percentage points vs 03-2025
05-2025: 3.1%▲ +0.1 percentage points vs 04-2025
06-2025: 3.1%● unchanged vs 05-2025
07-2025: 3.1%● unchanged vs 06-2025
08-2025: 5.6%▲ +2.5 percentage points vs 07-2025highest value
09-2025: 5.1%▼ -0.5 percentage points vs 08-2025
10-2025: 3.5%▼ -1.6 percentage points vs 09-2025
11-2025: 3.4%▼ -0.1 percentage points vs 10-2025
12-2025: 3.4%● unchanged vs 11-2025
01-2026: 3.3%▼ -0.1 percentage points vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.3%● unchanged vs 02-2026
04-2026: 3.3%● unchanged vs 03-2026
05-2026: 3.3%● unchanged vs 04-2026
06-2026: 3.2%▼ -0.1 percentage points vs 05-2026
07-2026: 3.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.8%▼ -1.5 percentage points vs 07-2026lowest value
09-2026: 1.8%● unchanged vs 08-2026lowest value
10-2026: 1.8%● unchanged vs 09-2026
11-2026: 1.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
1 of the last 3 accounts late
Size: total assets €147,196
Founded in 2017
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 41, micro). It does better than 54% of them on solvency, 44% on liquidity, 24% on profitability and 82% 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 moderate class on 30-06-2025, 2.4% 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, 3,440 companies had the same profile as TRAVO GROUP has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRAVO GROUP itself: 1.8% within 12 months.
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 3,440 companies, not a prediction for TRAVO GROUP. 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
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.51 (1.16 in 2024), above the usual 1.5. Short-term debt is 34.9% and cash 9.1% of total assets. However, 54.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 days early
2024
23 days early
2023
54 days late
2022
3 days early
2021
38 days early
2020
59 days late
2019
30 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 1 day after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 16 July (4 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 0208:0678369104
Registered office moved within Mons
New registered office: Rue du Chemin de fer 3, 7033 Mons (Cuesmes) · Previous registered office: Rue des Sandrinettes 19 à 7033 Mons · Resignation: Michele NARDELLA (manager) · General meeting of 02-08-2023 · Gazette deed
Registered office moved within Mons
New registered office: Rue des Sandrinettes 19 à 7033 Mons · Previous registered office: Rue du Chemin de Fer, 467 à 7033 Mons · General meeting of 05-10-2020 · Gazette deed
Transfer of 100 shares from TOSUN Ibrahim to NARDELLA Michele
NARDELLA Michele holds all the shares · General meeting of 31-10-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRAVO GROUP Mons | €147,196 | €135,573 | 45.7% | - |
| BINCHE CONSTRUCT Binche | €166,866 | €125,520 | 82.6% | - |
| SWEET CONSTRUCTION Leuze-en-Hainaut | €125,147 | €126,763 | 62.9% | - |
| NICO WARNEZ Wevelgem | €137,482 | €132,788 | 10.8% | - |
| BRAGIMMO Sombreffe | €137,272 | €117,489 | 25.7% | - |
| MICAFLEX Perwez | €155,160 | €131,825 | 74.8% | - |
| LUC DEROUAUX & FILS Herve | €160,321 | €114,476 | 44.7% | - |
These companies have the same main activity as TRAVO GROUP: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €125,000 and €167,000, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 05-07-2017Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Joint committee
- 124Construction · annual accounts 2025
- Establishment unit
- 2.288.581.2777033 Mons, since 01-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- €147,196▼ 10.2%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on TRAVO GROUP
TRAVO GROUP files the micro format. That format states no turnover. The gross margin rose from €9,640 in 2018 to €135,573 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 TRAVO GROUP
- What is the company number of TRAVO GROUP?
- The company number of TRAVO GROUP is 0678.369.104. The VAT number is the same number with BE in front: BE 0678.369.104.
- Where is TRAVO GROUP based?
- The registered office is at Rue du Chemin de fer (C.) 3, 7033 Mons.Company details
- What does TRAVO GROUP do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of TRAVO GROUP?
- TRAVO GROUP is a private limited company (BV).
- When was TRAVO GROUP founded?
- TRAVO GROUP was founded on 05-07-2017.
- Is TRAVO GROUP still active?
- Yes, TRAVO GROUP is an active enterprise in the KBO register.
- How many employees does TRAVO GROUP have?
- TRAVO GROUP had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TRAVO GROUP fall under?
- In its 2025 annual accounts, TRAVO GROUP states joint committee 124 (Construction).
- What is the turnover of TRAVO GROUP?
- The turnover in financial year 2025 is ≈ €450,000. This figure is estimated from the gross margin of €135,573 and 97 comparable companies (NACE 41001). It probably lies between €320,000 and €690,000.
- Is TRAVO GROUP profitable?
- In financial year 2025, TRAVO GROUP made a loss of €2,186.
- Where can I find the annual accounts of TRAVO GROUP?
- TRAVO GROUP filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRAVO GROUP due?
- TRAVO GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.