Financials
- Financial year
- 2024
- Total assets
- €8.1m
- Loss
- -€406,605
- Solvency
- 3.8%
Total assets▲ 127%
Net result
20182024
TRAXGO
ActiveSummary
The computed 12-month bankruptcy probability of TRAXGO is 2.4% (moderate). The annual accounts of TRAXGO for financial year 2024 show a net loss of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €307,253 and a net result of -€406,605. Equity is shrinking by about 6.8% per year across the filed financial years. Its solvency ranks better than 16% of 135 sector peers (NACE 26, financial year 2024). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of computer, electronic and optical products
NACE 26510
Fastest staff growth in Waregem, Manufacturing sector1 site
Size
€8.1mtotal assets 2024
- Staff
- 18.4 FTE
- Equity
- €307,253
- Loss
- -€406,605
Turnover not published (abbreviated format)
Structure
- Parent
- Clifford International Holding BV
- Holdings
- 1
Accounts 81 days overdue4 of 13 deeds read
Why 51raises riskLiquidity: current ratio 1.79, cash €279,666Figures for financial year 2024 (filed 07-10-2025)1 financial year not filed after the legal deadline; latest accounts 64 days late; 3 of the last 3 latelowers riskSector: Manufacture of computer, electronic and optical products (NACE 26)Show the evidence
Checked score
Score 2024
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 24% of its sector peers (NACE 26, small)
Financial strength · tick = 2023
Weak
Solvency
29-16
equity 3.8% of total assets
Liquidity
48+14
short-term debt 19.9% · cash 3.5%
Profitability
31-59
return on assets -5.0%
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.8%
12-2024: 0.8%▼ -1.0 percentage point vs 11-2024
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 0.8%● unchanged vs 01-2025lowest value
03-2025: 0.9%▲ +0.1 percentage points vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.3%▲ +0.2 percentage points vs 07-2025
09-2025: 1.6%▲ +0.3 percentage points vs 08-2025
10-2025: 2.0%▲ +0.4 percentage points vs 09-2025
11-2025: 2.3%▲ +0.3 percentage points vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.3%● unchanged vs 12-2025
02-2026: 2.3%● unchanged vs 01-2026
03-2026: 1.5%▼ -0.8 percentage points vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.4 percentage points vs 07-2026
09-2026: 2.0%▲ +0.1 percentage points vs 08-2026
10-2026: 2.4%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €15,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.79, compared with 0.88 in 2023, above the usual 1.5; short-term debt: 19.9% and cash: 3.5% of total assets), but 96.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 26, small): better than 11% on solvency, 53% on liquidity, 26% on profitability and 6% on growth.
The bankruptcy probability was computed on 19-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 135 sector peers (2024).
NBB · sector comparisonPosition among 135 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 81 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline20-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
64 days late
2023
111 days late
2022
32 days late
2021
16 days early
2020
20 days late
2019
44 days early
← 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 28 days after the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Appointment: BV Ernst et Young Reviseurs…Permanent representatives: Evelien De Groote…
- RestructuringAccounting effect · Power of…
Key points
- Caution: From profit to loss in 2024after €592,482 in 2023 -€406,605 View
- Positive: Fastest staff growth in Waregem, Manufacturing sectorin the Checked rankings No. 1 View
- Caution: Accounts not fileddeadline was 31-07-2026 81 days late View
- Controlled by Clifford International Holding BVthe company in turn controls 1 companies parent View
By topic
Board & ownership
- Parent
- Clifford International Holding BV
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 30
- Since
- 2005
- 31-12-2024Liquidity doubles
- 27-11-2024Restructuring
- 19-11-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of computer, electronic and optical productsNACE 26510
- Founded
- 11-07-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- “A. De ontwikkeling,productie,aankoop,verkoop,groot-en…” (deed in Dutch)
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer 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 How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.