TRAZZ
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
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 4,339 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).
Overview
Overview
Official details
KBO- Status
- Active since 10-08-2023 Normal situation
- Activity
- Translation services NACE 74301and 4 others
- Establishment unit
- 2.349.042.961 7500 Tournai, since 10-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €3,621
- ▼ 80.2%
- Turnover
- ≈ €23,000
- estimated
- Loss
- €5,515
- Equity
- €3,250
- ▼ 62.9%
- Total assets
- €66,497
- ▼ 14.6%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 0.301 of the last 3 accounts latelowers riskSector: Other professional, scientific and technical activities (NACE 74)Size: total assets €66,497Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 74, micro). It does better than 17% of them on solvency, 1% on liquidity, 31% on profitability and 10% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 16 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €5,623, after a profit of €5,457 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as TRAZZ: translation services (NACE 74301). They are comparable in size and age: total assets between €38,000 and €84,000, founded between 2019 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| TRAZZ Tournai | 2023 | €66,497 | €3,250 | €3,621 | -€5,515 | - | 2025 |
| Nismo Schaarbeek | 2024 | €62,258 | €13,934 | €3,090 | €19 | - | 2025 |
| VIAVERBIA BENELUX Brussel | 2023 | €83,985 | €53,327 | €6,988 | -€549 | 0 | 2025 |
| Services Fernandez Lummen | 2023 | €39,820 | €31,921 | €5,387 | €1,257 | - | 2025 |
| LAURENCE ENGLEBERT TRANSLATIONS Tournai | 2019 | €68,720 | €52,809 | €3,907 | €1,552 | - | 2025 |
| KK LANGUAGE SOLUTIONS Brugge | 2022 | €49,847 | €21,243 | €7,495 | €865 | - | 2025 |
| BELGIUM INTERPRETING SOLUTIONS Brussel | 2024 | €37,999 | €30,686 | €5,192 | €3,308 | - | 2025 |
They were chosen from the 689 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,301 companies had the same profile as TRAZZ has now. Two years later, 5.5% had gone bankrupt and 92.6% were still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRAZZ itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 1,301 companies, not a prediction for TRAZZ. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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 | ▲ 140× |
| Recurring financial income75 | €2 | €280 | ▲ 140× |
| 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 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- LEMAIRE Didier Gaston Claude Ghislain 100 shares (100%) · in cash
Capital transactions
- 14-08-2023 Incorporation · €5,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d'administration, un ou plusieurs administrateurs”
Capital, shares and profit
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Article 5, chaque action donne droit égal dans répartition bénéfices et produits liquidation”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “En tout temps, assemblée générale formes modifications statuts”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Si plusieurs forment collège, plus étendus articles 2:87.et suivants CSA”
Articles of association, deed of 14-08-2023 (in French)
Network & group
TRAZZ shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TRAZZ. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-08
Gazette deed
IncorporationAppointment: LEMAIRE Didier Gaston Claude Ghislain (administrateur non statutaire) · Founder · Founding capital8 points ▸
- Incorporation, 10-08-2023
- Founder, LEMAIRE Didier Gaston Claude Ghislain
- Founding capital, €5,000
- Bank account, “société en formation, BE28.7320.7037.0420” (deed in French)
- Registered office clause, “7500 Tournai,rue des Magasins,18” (deed in French)
- Other provision, “trazz@trazz.be, site internet et adresse électronique” (deed in French)
- Director appointment, LEMAIRE Didier Gaston Claude Ghislain (administrateur non statutaire)
- Pre-incorporation commitments, “takeover, tous engagements et obligations,toutes activités entreprises au nom et pour compte société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
TRAZZ was incorporated on 10 August 2023 as a private limited company by one natural person, with a starting capital of €5,000.12 LEMAIRE Didier Gaston Claude Ghislain is administrateur non statutaire of the company, appointed in the act of 14-08-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202523 activities
- 17.230 : Fabrication d'articles de papeterie.
- 32.400 : Fabrication de jeux et jouets
- 46.15007 : Intermédiaires du commerce en articles de papeterie, journaux, livres et magazines.
- 46.49201 : Commerce de gros d'articles de papeterie, de fournitures de bureau et de fournitures scolaires.
- 47.620 : Commerce de détail de journaux et de papeterie en magasin spécialisé.
- 58.110 : Édition de livres.
- 58.140 : Édition de revues et de périodiques.
- 58.190 : Autres activités d'édition.
- 59.111 : Production de films cinématographiques.
- 62.020 : Conseil informatique
- 62.090 : Autres activités informatiques
- 74.20201 : Activités des photographes de presse indépendants.
- 74.300 : Traduction et interprétation.
- 74.201 : Activités de production de photographie sauf activités de photographe de presse
- 74.209 : Autres activités photographiques
- 82.190 : Photocopie, préparation de documents et autres activités spécialisées de soutien de bureau.
- 85.520 : Enseignement culturel
- 85.609 : Autres services de soutien à l’enseignement.
- 85.510 : Enseignement de disciplines sportives et d’activités de loisirs.
- 90.021 : Promotion et organisation de spectacles vivants.
- 90.029 : Autres activités de soutien au spectacle vivant.
- 93.299 : Autres activités récréatives et de loisirs n.c.a.
- 96.099 : Autres services personnels.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57462A0043/00F008 | Wallonia | 144 m² | 1 · 59 m² | 12.8 m · 4 |