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TRAZZ

Active
Private limited companyfounded 2023active for 3 yearsRue des Magasins(TOU) 18, 7500 Tournai, BelgiumKBO/BCE: BE 0804.724.767
Summary

The annual accounts of TRAZZ for financial year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €3,250 and a net result of -€5,515. Its solvency ranks better than 17% of 4,305 sector peers (NACE 74, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Financials · financial year 2025, micro format

Equity
€3,250▼ 62.9%
2024 · €8,765
Total assets
€66,497▼ 14.6%
2024 · €77,899
Net result
-€5,515
2024 · €3,765
Working capital
-€44,178▲ 6.9%
2024 · -€47,427
Trend over the years

2024 to 2025, 2 financial years

The operating result turns negative in 2025: a loss of €5,623 after €5,457 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€5,623 2025 Net result-€5,515 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€5,457--€5,623
Net result€3,765within the sector's middle half--€5,515below the sector's middle half
Equity€8,765below the sector's middle half-€3,250below the sector's middle half▼ 62.9%
Total assets€77,899within the sector's middle half-€66,497within the sector's middle half▼ 14.6%
Debt€69,134-€63,247▼ 8.5%
Working capital-€47,427below the sector's middle half--€44,178below the sector's middle half▲ 6.9%
Solvency11.3%below the sector's middle half-4.9%below the sector's middle half▼ 6.4pp
Current ratio0.31below the sector's middle half-0.30below the sector's middle half▼ 0.01
Return on assets (ROA)4.8%within the sector's middle half--8.3%below the sector's middle half▼ 13.1pp
above within below the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66,497
Fixed assets €47,428 ▼ 15.6%
Current assets €19,069 ▼ 12.2%
Equity and liabilities €66,497
Equity €3,250 ▼ 62.9%
Debt €63,247 ▼ 8.5%
Debt's share of the balance-sheet total rises from 88.7% to 95.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3,141▼
2024 · €17,559
Cash flow
€3,249▼
2024 · €15,867
Quick ratio
0.25▲
2024 · 0.20
Debt to equity
19.46▲
2024 · 7.89
ROE
-169.7%▼
2024 · 43.0%
Interest coverage
17.35▼
2024 · 77.69
Debt ≤ 1 year
€63,247▼
2024 · €69,134
Income taxes
-€9▼
2024 · €1,468
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 92.5% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
92.5% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,301 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€77,899€66,497▼
Fixed assets21/28€56,192€47,428▼
Intangible fixed assets21€51,645€45,645▼
Tangible fixed assets22/27€4,547€1,783▼
Furniture and vehicles24€4,547€1,783▼
Current assets29/58€21,707€19,069▼
Stocks and contracts in progress3€7,812€3,280▼
Stocks30/36€7,812€3,280▼
Amounts receivable within one year40/41€6,819€8,754▲
Trade receivables40€6,700€8,713▲
Other amounts receivable41€119€41▼
Current investments50/53€7,076€7,035▼
Equity and liabilities
Total equity and liabilities10/49€77,899€66,497▼
Equity10/15€8,765€3,250▼
Contributions10/11€5,000€5,000=
Reserves13€3,765€3,765=
Distributable reserves133€3,765€3,765=
Profit (loss) carried forward14--€5,515
Amounts payable17/49€69,134€63,247▼
Amounts payable within one year42/48€69,134€63,247▼
Trade debts44€803€2,187▲
Suppliers440/4€803€2,187▲
Taxes, remuneration and social security45€1,354€1,470▲
Taxes450/3€1,354€1,470▲
Other amounts payable47/48€66,977€59,590▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,102€8,764▼
Other operating charges640/8€772€480▼
Gross operating margin9900€18,331€3,621▼
Operating profit (loss)9901€5,457-€5,623▼
Financial income75/76B€2€280▲
Recurring financial income75€2€280▲
Financial charges65/66B€226€181▼
Recurring financial charges65€226€181▼
Profit (loss) for the period before taxes9903€5,233-€5,524▼
Income taxes67/77€1,468-€9▼
Profit (loss) for the period9904€3,765-€5,515▼
Profit (loss) for the period to be appropriated9905€3,765-€5,515▼
Appropriation of the result
Profit (loss) to be appropriated9906€3,765-€5,515▼
Transfer to equity691/2€3,765-
To other reserves6921€3,765-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,102€8,764▼ 27.6%
Other operating charges640/8€772€480▼ 37.8%
Gross operating margin9900€18,331€3,621▼ 80.2%
Operating profit (loss)9901€5,457-€5,623-
Financial income75/76B€2€280▲ 13,900%
Recurring financial income75€2€280▲ 13,900%
Financial charges65/66B€226€181▼ 19.9%
Recurring financial charges65€226€181▼ 19.9%
Profit (loss) for the period before taxes9903€5,233-€5,524-
Income taxes67/77€1,468-€9-
Profit (loss) for the period9904€3,765-€5,515-
Profit (loss) for the period to be appropriated9905€3,765-€5,515-
Line20242025Change
Assets
Total assets20/58€77,899€66,497▼ 14.6%
Fixed assets21/28€56,192€47,428▼ 15.6%
Intangible fixed assets21€51,645€45,645▼ 11.6%
Tangible fixed assets22/27€4,547€1,783▼ 60.8%
Furniture and vehicles24€4,547€1,783▼ 60.8%
Current assets29/58€21,707€19,069▼ 12.2%
Stocks and contracts in progress3€7,812€3,280▼ 58.0%
Stocks30/36€7,812€3,280▼ 58.0%
Amounts receivable within one year40/41€6,819€8,754▲ 28.4%
Trade receivables40€6,700€8,713▲ 30.0%
Other amounts receivable41€119€41▼ 65.5%
Current investments50/53€7,076€7,035▼ 0.6%
Equity and liabilities
Total equity and liabilities10/49€77,899€66,497▼ 14.6%
Equity10/15€8,765€3,250▼ 62.9%
Contributions10/11€5,000€5,000=
Reserves13€3,765€3,765=
Distributable reserves133€3,765€3,765=
Profit (loss) carried forward14--€5,515-
Amounts payable17/49€69,134€63,247▼ 8.5%
Amounts payable within one year42/48€69,134€63,247▼ 8.5%
Trade debts44€803€2,187▲ 172%
Suppliers440/4€803€2,187▲ 172%
Taxes, remuneration and social security45€1,354€1,470▲ 8.6%
Taxes450/3€1,354€1,470▲ 8.6%
Other amounts payable47/48€66,977€59,590▼ 11.0%
Line20242025Change
Profit (loss) for the period9904€3,765-€5,515-
+ Depreciation and write-downs630€12,102€8,764▼ 27.6%
Operating cash flow (approximation)€15,867€3,249▼ 79.5%
Investment in fixed assets (approximation)-€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 23-07-2026 2026-00330026
31-12-2024 micro format 09-09-2025 2025-00493619

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.