Trawobo
ActiveSummary
Trawobo has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.1m and a net result of -€92,687. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 2097 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-32
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity ample (current ratio 5.06 against 4.45 in 2023; short-term debt: 18% and cash: 12.4% of total assets), and 19.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2024Solvency, return and age of the figures
Solvency
80.7%
Return on assets
-2.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
58 d late
2022
32 d late
2021
24 d late
2020
24 d late
2019
25 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 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 company by equity in Sint-Lievens-Houtem, Construction sector#3 company by total assets in Sint-Lievens-Houtem, Construction sector#8 employer in Sint-Lievens-Houtem
Equity
€3.1m▼ 2.9%
2023 · €3.2m
Total assets
€3.9m▼ 7.5%
2023 · €4.2m
Net result
-€92,687
2023 · €35,568
Working capital
€2.8m▼ 4.1%
2023 · €2.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€1.5m▲ 466%€730,256▼ 50.3%€113,792▼ 84.4%€141,472▲ 24.3%-€56,699
Net result€1.0mabove the sector's middle half▲ 845%€542,760above the sector's middle half▼ 47.9%€30,668within the sector's middle half▼ 94.3%€35,568within the sector's middle half▲ 16.0%-€92,687below the sector's middle half
Equity€2.8mabove the sector's middle half▲ 51.0%€3.2mabove the sector's middle half▲ 14.8%€3.2mabove the sector's middle half▼ 0.4%€3.2mabove the sector's middle half▲ 1.1%€3.1mabove the sector's middle half▼ 2.9%
Total assets€4.6mabove the sector's middle half▲ 23.0%€5.3mabove the sector's middle half▲ 15.7%€4.4mabove the sector's middle half▼ 16.3%€4.2mabove the sector's middle half▼ 5.1%€3.9mabove the sector's middle half▼ 7.5%
Debt€1.8m▼ 4.8%€2.1m▲ 17.2%€1.2m▼ 40.7%€971,227▼ 21.2%€749,326▼ 22.8%
Working capital€2.5m▲ 33.1%€2.8m▲ 13.8%€2.8m▼ 0.5%€2.9m▲ 4.3%€2.8m▼ 4.1%
Solvency61.1%above the sector's middle half▲ 11.3pp60.6%above the sector's middle half▼ 0.5pp72.1%above the sector's middle half▲ 11.5pp76.8%above the sector's middle half▲ 4.7pp80.7%above the sector's middle half▲ 3.8pp
Staff (FTE)33.8above the sector's middle half▼ 8.4%32.4above the sector's middle half▼ 4.1%29.6above the sector's middle half▼ 8.6%23.9above the sector's middle half▼ 19.3%20above the sector's middle half▼ 16.3%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 turns negative in 2024: a loss of €56,699 after €141,472 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.9m
Fixed assets
€353,276 ▼ 9.6%
Current assets
€3.5m ▼ 7.3%
Equity and liabilities €3.9m
Equity
€3.1m ▼ 2.9%
Debt
€749,326 ▼ 22.8%
Debt's share of the balance-sheet total falls from 23.2% to 19.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€61,705▼
2023 · €336,634
Cash flow
€25,717▼
2023 · €230,731
Current ratio
5.06▲
2023 · 4.45
Quick ratio
2.21▼
2023 · 2.51
Debt to equity
0.24▼
2023 · 0.30
ROE
-3.0%▼
2023 · 1.1%
ROA
-2.4%▼
2023 · 0.8%
Interest coverage
1.31▼
2023 · 4.64
Debt ≤ 1 year
€695,897▼
2023 · €853,755
Debt > 1 year
€52,831▼
2023 · €117,472
Income taxes
€1,233▼
2023 · €45,751
Staff costs
€1.2m▼
2023 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
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 0.7% 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 497,058 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% | 1.6% |
| 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 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 8,594 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 | - | €16,822 | €9,400 | €38,011 | €97,125 | ▲ 156% |
| Remuneration, social security and pensions62 | - | €1.6m | €1.5m | €1.4m | €1.2m | ▼ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136,850 | €178,006 | €194,960 | €195,163 | €118,404 | ▼ 39.3% |
| Other operating charges640/8 | - | €44,790 | €25,957 | €20,984 | €18,609 | ▼ 11.3% |
| Gross operating margin9900 | €3.3m | €2.5m | €1.8m | €1.7m | €1.3m | ▼ 26.0% |
| Operating profit (loss)9901 | €1.5m | €730,256 | €113,792 | €141,472 | -€56,699 | ▼ 140% |
| Financial income75/76B | - | €16,520 | €18,368 | €12,332 | €12,501 | ▲ 1.4% |
| Recurring financial income75 | €17,011 | €16,520 | €18,368 | €12,332 | €12,501 | ▲ 1.4% |
| Financial charges65/66B | - | €70,574 | €91,594 | €72,484 | €47,256 | ▼ 34.8% |
| Recurring financial charges65 | €66,810 | €70,574 | €91,594 | €72,484 | €47,256 | ▼ 34.8% |
| Profit (loss) for the period before taxes9903 | €1.4m | €676,202 | €40,566 | €81,319 | -€91,454 | ▼ 212% |
| Transfer from deferred taxes780 | - | €37,500 | - | - | - | - |
| Income taxes67/77 | €377,862 | €170,942 | €9,898 | €45,751 | €1,233 | ▼ 97.3% |
| Profit (loss) for the period9904 | €1.0m | €542,760 | €30,668 | €35,568 | -€92,687 | ▼ 361% |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €542,760 | €30,668 | €35,568 | -€92,687 | ▼ 361% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.6m | €5.3m | €4.4m | €4.2m | €3.9m | ▼ 7.5% |
| Fixed assets21/28 | €567,099 | €570,961 | €575,785 | €390,674 | €353,276 | ▼ 9.6% |
| Tangible fixed assets22/27 | €437,946 | €441,808 | €446,632 | €261,521 | €222,473 | ▼ 14.9% |
| Plant, machinery and equipment23 | - | €141,965 | €139,783 | €90,645 | €128,160 | ▲ 41.4% |
| Furniture and vehicles24 | - | €79,720 | €162,554 | €102,407 | €59,335 | ▼ 42.1% |
| Leasing and similar rights25 | - | €220,122 | €144,296 | €68,469 | €34,979 | ▼ 48.9% |
| Financial fixed assets28 | €129,153 | €129,153 | €129,153 | €129,153 | €130,803 | ▲ 1.3% |
| Current assets29/58 | €4.0m | €4.7m | €3.8m | €3.8m | €3.5m | ▼ 7.3% |
| Stocks and contracts in progress3 | €518,277 | €1.8m | €1.9m | €1.7m | €2.0m | ▲ 19.7% |
| Stocks30/36 | - | €212,500 | €337,441 | €380,200 | €413,700 | ▲ 8.8% |
| Contracts in progress37 | - | €1.6m | €1.6m | €1.3m | €1.6m | ▲ 23.0% |
| Amounts receivable within one year40/41 | €795,795 | €807,440 | €1.3m | €1.4m | €1.0m | ▼ 26.5% |
| Trade receivables40 | - | €741,500 | €404,506 | €497,619 | €335,019 | ▼ 32.7% |
| Other amounts receivable41 | - | €65,940 | €924,276 | €895,322 | €688,352 | ▼ 23.1% |
| Current investments50/53 | €60,052 | €179,179 | €60,179 | €28,183 | €8,254 | ▼ 70.7% |
| Cash at bank and in hand54/58 | €804,646 | €1.8m | €462,365 | €675,278 | €480,245 | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | €37,637 | €48,740 | €48,457 | €29,500 | ▼ 39.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.6m | €5.3m | €4.4m | €4.2m | €3.9m | ▼ 7.5% |
| Equity10/15 | €2.8m | €3.2m | €3.2m | €3.2m | €3.1m | ▼ 2.9% |
| Contributions10/11 | - | €518,600 | €518,600 | €518,600 | €518,600 | = |
| Reserves13 | €1.3m | €1.4m | €1.4m | €2.4m | €2.4m | = |
| Non-distributable reserves130/1 | - | €36,800 | €36,800 | €36,800 | €36,800 | = |
| Reserves not available under the articles1311 | - | €36,800 | €36,800 | €36,800 | €36,800 | = |
| Distributable reserves133 | - | €1.3m | €1.3m | €2.4m | €2.4m | = |
| Profit (loss) carried forward14 | €916,793 | €1.3m | €1.3m | €311,307 | €218,620 | ▼ 29.8% |
| Amounts payable17/49 | €1.8m | €2.1m | €1.2m | €971,227 | €749,326 | ▼ 22.8% |
| Amounts payable after more than one year17 | €275,404 | €211,537 | €215,922 | €117,472 | €52,831 | ▼ 55.0% |
| Financial debts170/4 | - | €211,537 | €215,922 | €117,472 | €52,831 | ▼ 55.0% |
| Amounts payable within one year42/48 | €1.5m | €1.9m | €1.0m | €853,755 | €695,897 | ▼ 18.5% |
| Current portion of amounts payable after more than one year42 | - | €165,180 | €187,539 | €118,722 | €82,196 | ▼ 30.8% |
| Financial debts43 | - | €200,000 | €100,000 | €100,000 | €100,000 | = |
| Credit institutions430/8 | - | €200,000 | €100,000 | €100,000 | €100,000 | = |
| Trade debts44 | €830,552 | €858,108 | €565,186 | €535,840 | €406,326 | ▼ 24.2% |
| Suppliers440/4 | - | €858,108 | €565,186 | €535,840 | €406,326 | ▼ 24.2% |
| Taxes, remuneration and social security45 | - | €498,183 | €119,005 | €99,193 | €107,375 | ▲ 8.2% |
| Taxes450/3 | - | €398,660 | €58,870 | €9,870 | €10,172 | ▲ 3.1% |
| Remuneration and social security454/9 | - | €99,524 | €60,135 | €89,324 | €97,203 | ▲ 8.8% |
| Other amounts payable47/48 | - | €145,000 | €45,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €597 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €542,760 | €30,668 | €35,568 | -€92,687 | ▼ 361% |
| + Depreciation and write-downs630 | €136,850 | €178,006 | €194,960 | €195,163 | €118,404 | ▼ 39.3% |
| Operating cash flow (approximation) | €1.2m | €720,767 | €225,628 | €230,731 | €25,717 | ▼ 88.9% |
| Investment in fixed assets (approximation) | - | -€181,869 | -€199,784 | -€10,052 | -€81,006 | ▼ 706% |
| Change in cash | - | €1.0m | -€1.4m | €212,914 | -€195,034 | ▼ 192% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€92,687
Net result drops to -€92,687, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €1.0m ▲845%
Operating result €1.5m, net result €1.0m, both a record.
31-12
Financial
Equity above €2mEq €2.8m ▲51%
3 profitable years in a row build equity to €2.8m.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 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, Sint-Lievens-Houtem · 1 establishment unit since 1992
Ground area
1,543 m²
Building footprint
356 m²
Volume, LiDAR
1,612 m³
Parcel 41063C0306/00M000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Edgard Tinelstraat 18, 9520 Sint-Lievens-Houtem
since 19922.056.279.541
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41063C0306/00M000 | Flanders | 1,543 m² | 1 · 355 m² | 11.7 m · 2 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 · 5 entries · 7,237 EUR awarded · 6,793 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 370 EUR | 370 EUR |
| 2024 | 1 | 2,075 EUR | 1,631 EUR |
| 2023 | 2 | 3,307 EUR | 3,307 EUR |
| 2022 | 1 | 1,485 EUR | 1,485 EUR |
Recognitions · licences · registrations
Recognised contractor
7 categoriesTrawobo BV29717
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 2,874 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
Founded27-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446434184
Also
9925:BE0446434184
Registered
30-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.