TRBA
ActiveTRBA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.75M and a net result of €3.65M. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent▲ +17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▲+3
Solvency42▲+6
Growth80▲+2
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.14 in 2024), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.2%
Return on assets
2.8%
Age of the figures
8 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 284 sector peers (2025).
NBB · sector comparisonPosition among 284 sector peers
Solvency
better than 21%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
20 d early
2023
21 d early
2022
20 d early
2021
19 d early
2020
22 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€181.45M▲ 26.9%
2024 · €142.98M
2018: €67.39M
2019: €76.35M
2020: €76.00M
2021: €98.48M
2022: €94.94M
2023: €121.15M
2024: €142.98M
2018 → 2025
EBIT margin
3.7%▲ 0.1pp
2024 · 3.6%
2018: 4.4%
2019: 3.0%
2020: 1.7%
2021: 3.2%
2022: 1.8%
2023: 2.7%
2024: 3.6%
2018 → 2025
Net result
€3.65M▲ 37.2%
2024 · €2.66M
2018: €1.90M
2019: €1.60M
2020: €580k
2021: €1.97M
2022: €879k
2023: €1.61M
2024: €2.66M
2018 → 2025
Working capital
€12.23M▲ 36.2%
2024 · €8.98M
2018: €8.50M
2019: €8.34M
2020: €9.36M
2021: €9.76M
2022: €10.04M
2023: €8.01M
2024: €8.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€98.48M-€94.94M▼ 3.6%€121.15M▲ 27.6%€142.98M▲ 18.0%€181.45M▲ 26.9%
Equity€24.02M-€24.88M▲ 3.6%€26.47M▲ 6.4%€29.12M▲ 10.0%€32.75M▲ 12.5%
Operating result€3.19M-€1.69M▼ 47.1%€3.27M▲ 93.7%€5.15M▲ 57.4%€6.77M▲ 31.5%
Net result€1.97M-€879k▼ 55.3%€1.61M▲ 83.2%€2.66M▲ 65.3%€3.65M▲ 37.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 32% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129.77M
Fixed assets
€53.49M=
Current assets
€76.28M▲ 3.8%
Equity and liabilities €129.77M
Equity
€32.75M▲ 12.5%
Provisions
€10k=
Debt
€97.01M▼ 0.9%
The debt ratio falls from 77.1% to 74.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€15.05M▲
2024 · €12.15M
Cash flow
€11.93M▲
2024 · €9.67M
Solvency
25.2%▲
2024 · 22.9%
Current ratio
1.19▲
2024 · 1.14
Quick ratio
1.08▲
2024 · 1.01
Debt / equity
2.96▼
2024 · 3.36
ROE
11.2%▲
2024 · 9.1%
ROA
2.8%▲
2024 · 2.1%
Interest coverage
9.58▲
2024 · 8.59
Debt
€97.01M▼
2024 · €97.89M
Debt ≤ 1 year
€64.04M▼
2024 · €64.53M
Debt > 1 year
€32.57M▼
2024 · €32.92M
Income taxes
€1.68M▲
2024 · €1.35M
Staff costs
€35.12M▲
2024 · €29.93M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€127.01M€129.77M▲
Fixed assets21/28€53.50M€53.49M=
Intangible fixed assets21€0-
Tangible fixed assets22/27€50.79M€50.99M▲
Land and buildings22€20.88M€19.81M▼
Plant, machinery and equipment23€1.34M€1.13M▼
Furniture and vehicles24€210k€328k▲
Leasing and similar rights25€28.31M€29.64M▲
Other tangible fixed assets26€58k€36k▼
Assets under construction and advance payments27€0€46k▲
Financial fixed assets28€2.71M€2.51M▼
Affiliated companies280/1€402k€402k=
Participating interests280€402k€402k=
Other financial fixed assets284/8€2.30M€2.10M▼
Shares284€201k€201k=
Amounts receivable and cash guarantees285/8€2.10M€1.90M▼
Current assets29/58€73.51M€76.28M▲
Stocks and contracts in progress3€8.43M€7.41M▼
Stocks30/36€8.43M€7.41M▼
Raw materials and consumables30/31€8.43M€7.41M▼
Amounts receivable within one year40/41€63.84M€68.62M▲
Trade receivables40€57.70M€63.81M▲
Other amounts receivable41€6.14M€4.80M▼
Cash at bank and in hand54/58€875k€0▼
Deferred charges and accrued income490/1€365k€250k▼
Equity and liabilities
Total equity and liabilities10/49€127.01M€129.77M▲
Equity10/15€29.12M€32.75M▲
Contributions10/11€7.00M€7.00M=
Capital10€7.00M€7.00M=
Issued capital100€7.00M€7.00M=
Reserves13€10.39M€10.39M=
Non-distributable reserves130/1€700k€700k=
Legal reserve130€700k€700k=
Tax-exempt reserves132€9.69M€9.69M=
Profit (loss) carried forward14€11.11M€14.77M▲
Investment grants15€615k€595k▼
Provisions and deferred taxes16€10k€10k=
Deferred taxes168€10k€10k=
Amounts payable17/49€97.89M€97.01M▼
Amounts payable after more than one year17€32.92M€32.57M▼
Financial debts170/4€32.76M€32.43M▼
Leasing and similar obligations172€18.72M€18.76M▲
Credit institutions173€14.03M€13.67M▼
Other amounts payable178/9€161k€146k▼
Amounts payable within one year42/48€64.53M€64.04M▼
Current portion of amounts payable after more than one year42€7.78M€8.62M▲
Financial debts43€8.17M€2.22M▼
Credit institutions430/8€8.17M€2.22M▼
Trade debts44€34.30M€36.79M▲
Suppliers440/4€34.30M€36.79M▲
Advances received on contracts in progress46€8.16M€9.23M▲
Taxes, remuneration and social security45€5.56M€6.75M▲
Taxes450/3€1.17M€1.37M▲
Remuneration and social security454/9€4.39M€5.39M▲
Other amounts payable47/48€569k€432k▼
Accrued charges and deferred income492/3€439k€391k▼
Income statement
Code20242025
Operating income70/76A€151.60M€174.85M▲
Turnover70€142.98M€181.45M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-160k€-11.67M▼
Own construction capitalised72€4.89M€0▼
Other operating income74€3.81M€4.70M▲
Non-recurring operating income76A€76k€367k▲
Operating charges60/66A€146.45M€168.07M▲
Goods for resale, raw materials and consumables60€85.11M€99.35M▲
Purchases600/8€87.74M€98.33M▲
Change in stocks: decrease (increase)609€-2.63M€1.02M▲
Services and other goods61€23.38M€24.71M▲
Remuneration, social security and pensions62€29.93M€35.12M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.00M€8.27M▲
Other operating charges640/8€945k€616k▼
Non-recurring operating charges66A€73k€6k▼
Operating profit (loss)9901€5.15M€6.77M▲
Financial income75/76B€350k€250k▼
Recurring financial income75€350k€250k▼
Income from current assets751€181k€128k▼
Other financial income752/9€168k€122k▼
Financial charges65/66B€1.48M€1.69M▲
Recurring financial charges65€1.48M€1.69M▲
Debt charges650€1.42M€1.57M▲
Other financial charges652/9€69k€121k▲
Profit (loss) for the period before taxes9903€4.01M€5.33M▲
Income taxes67/77€1.35M€1.68M▲
Taxes670/3€1.35M€1.68M▲
Tax adjustments and reversals of tax provisions77-€3k
Profit (loss) for the period9904€2.66M€3.65M▲
Profit (loss) for the period to be appropriated9905€2.66M€3.65M▲
Appropriation of the result
Profit (loss) to be appropriated9906€11.11M€14.77M▲
Profit (loss) brought forward from the previous period14P€8.45M€11.11M▲
Social balance
Average headcount (FTE)9087417.0450.6▲
The notes to these accounts (105 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €3.65M ▲37.2%
Operating result €6.77M, net result €3.65M, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €25MEq €26.47M ▲6.4%
6 profitable years in a row build equity to €26.47M.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €580k ▼63.8%
Net result drops to €580k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Péruwelz · 4 establishment units since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Europe(PER) 67600 PéruwelzGround area
12.6 ha
Building footprint
9,855 m²
Volume, LiDAR
51,408 m³
4 parcels, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
TRBA
since 19982.086.274.812
TRBA
since 20152.332.308.382
TRBA
since 20182.276.498.344
TRBA
since 20222.332.307.095
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57064C0147/00G000 | Wallonia | 4.3 ha | 1 · 666 m² | - |
| 57064B0754/00A000 | Wallonia | 4.0 ha | - | - |
| 54007B0246/00A000 | Wallonia | 2.3 ha | 1 · 385 m² | 8.0 m · 1 fl. |
| 54007B0405/00R000 | Wallonia | 1.9 ha | 1 · 8,804 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
29 categoriesTRBA SA#9839
TRBA SA33441
Food safety, FASFC
1 siteMouscron/Moeskroen2.332.308.382
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DECLERCQ STORTBETON
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Of 176 companies in sector 23630 we hold annual accounts for 148. 38 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-03-1998
Fiscal year end31-12
Activities, NACEBEL
23630Manufacture of other non-metallic mineral products
42110Construction of roads and motorways
45230
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
45211
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
6 entriesWebsite:www.trba.be/
E-mail:trba@trba.be
Phone:056/481440
Fax:056/343392
Phone:069/77.95.95
Fax:069/77.95.90