TRC
ActiveSummary
The computed 12-month bankruptcy probability of TRC is 2.0% (moderate). The 2024 annual accounts show equity of €127,074 and a net result of €77,559. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 2097 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency71▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.79 in 2023; short-term debt: 48.5% and cash: 81.1% of total assets), but 54.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
on the day
2022
23 d late
2021
1 d early
2020
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 16 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 How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, abbreviated schema
Equity
€127,074▲ 27.7%
2023 · €99,515
Total assets
€277,248▲ 18.1%
2023 · €234,691
Net result
€77,559▲ 33.7%
2023 · €58,028
Working capital
€139,514▲ 36.0%
2023 · €102,581
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€3,186-€22,699▲ 613%€59,055▲ 160%€64,300▲ 8.9%€87,920▲ 36.7%
Net result€1,712below the sector's middle half-€16,719within the sector's middle half▲ 876%€43,055within the sector's middle half▲ 158%€58,028within the sector's middle half▲ 34.8%€77,559within the sector's middle half▲ 33.7%
Equity€21,712below the sector's middle half-€38,432below the sector's middle half▲ 77.0%€81,487within the sector's middle half▲ 112%€99,515within the sector's middle half▲ 22.1%€127,074within the sector's middle half▲ 27.7%
Total assets€101,945below the sector's middle half-€77,144below the sector's middle half▼ 24.3%€143,575below the sector's middle half▲ 86.1%€234,691below the sector's middle half▲ 63.5%€277,248below the sector's middle half▲ 18.1%
Debt€80,233-€38,712▼ 51.8%€62,088▲ 60.4%€135,176▲ 118%€150,174▲ 11.1%
Working capital€21,688-€33,768▲ 55.7%€84,120▲ 149%€102,581▲ 21.9%€139,514▲ 36.0%
Solvency21.3%within the sector's middle half-49.8%within the sector's middle half▲ 28.5pp56.8%within the sector's middle half▲ 6.9pp42.4%within the sector's middle half▼ 14.4pp45.8%within the sector's middle half▲ 3.4pp
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 has risen four years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €277,248
Fixed assets
€3,259 ▲ 23.8%
Current assets
€273,989 ▲ 18.1%
Equity and liabilities €277,248
Equity
€127,074 ▲ 27.7%
Debt
€150,174 ▲ 11.1%
Debt's share of the balance-sheet total falls from 57.6% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90,285▲
2023 · €66,138
Cash flow
€79,924▲
2023 · €59,867
Current ratio
2.04▲
2023 · 1.79
Debt to equity
1.18▼
2023 · 1.36
ROE
61.0%▲
2023 · 58.3%
ROA
28.0%▲
2023 · 24.7%
Interest coverage
219.17▲
2023 · 136.25
Debt ≤ 1 year
€134,475▲
2023 · €129,477
Income taxes
€10,516▲
2023 · €5,924
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25 | €540 | €1,597 | €1,839 | €2,365 | ▲ 28.6% |
| Other operating charges640/8 | - | €302 | €785 | €788 | €866 | ▲ 10.0% |
| Gross operating margin9900 | €12,452 | €23,541 | €61,437 | €66,926 | €91,152 | ▲ 36.2% |
| Operating profit (loss)9901 | €3,186 | €22,699 | €59,055 | €64,300 | €87,920 | ▲ 36.7% |
| Financial income75/76B | - | €229 | €788 | €137 | €567 | ▲ 313% |
| Recurring financial income75 | - | €229 | €788 | €137 | €567 | ▲ 313% |
| Financial charges65/66B | - | €975 | €846 | €485 | €412 | ▼ 15.1% |
| Recurring financial charges65 | €706 | €975 | €846 | €485 | €412 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €2,479 | €21,952 | €58,996 | €63,952 | €88,075 | ▲ 37.7% |
| Income taxes67/77 | €767 | €5,233 | €15,941 | €5,924 | €10,516 | ▲ 77.5% |
| Profit (loss) for the period9904 | €1,712 | €16,719 | €43,055 | €58,028 | €77,559 | ▲ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €1,712 | €16,719 | €43,055 | €58,028 | €77,559 | ▲ 33.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,945 | €77,144 | €143,575 | €234,691 | €277,248 | ▲ 18.1% |
| Fixed assets21/28 | €1,705 | €4,664 | €3,066 | €2,633 | €3,259 | ▲ 23.8% |
| Tangible fixed assets22/27 | €1,700 | €4,659 | €3,061 | €2,628 | €3,254 | ▲ 23.8% |
| Plant, machinery and equipment23 | - | €1,269 | €838 | €1,570 | €695 | ▼ 55.7% |
| Furniture and vehicles24 | - | €3,390 | €2,224 | €1,058 | €2,558 | ▲ 142% |
| Financial fixed assets28 | €5 | €5 | €5 | €5 | €5 | = |
| Current assets29/58 | €100,241 | €72,480 | €140,509 | €232,058 | €273,989 | ▲ 18.1% |
| Amounts receivable within one year40/41 | €34,656 | €22,005 | €116,026 | €76,645 | €44,419 | ▼ 42.0% |
| Trade receivables40 | - | €22,005 | €116,026 | €76,645 | €44,419 | ▼ 42.0% |
| Cash at bank and in hand54/58 | €65,303 | €49,789 | €24,028 | €150,564 | €224,918 | ▲ 49.4% |
| Deferred charges and accrued income490/1 | - | €686 | €455 | €4,849 | €4,651 | ▼ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,945 | €77,144 | €143,575 | €234,691 | €277,248 | ▲ 18.1% |
| Equity10/15 | €21,712 | €38,432 | €81,487 | €99,515 | €127,074 | ▲ 27.7% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1,712 | €18,432 | €61,487 | €79,515 | €107,074 | ▲ 34.7% |
| Distributable reserves133 | - | €18,432 | €61,487 | €79,515 | €107,074 | ▲ 34.7% |
| Amounts payable17/49 | €80,233 | €38,712 | €62,088 | €135,176 | €150,174 | ▲ 11.1% |
| Amounts payable within one year42/48 | €78,553 | €38,712 | €56,389 | €129,477 | €134,475 | ▲ 3.9% |
| Trade debts44 | €57,786 | €25,346 | €41,013 | €77,146 | €80,704 | ▲ 4.6% |
| Suppliers440/4 | - | €25,346 | €41,013 | €77,146 | €80,704 | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | €6,366 | €13,737 | €10,793 | €3,771 | ▼ 65.1% |
| Taxes450/3 | - | €6,366 | €13,737 | €10,793 | €3,771 | ▼ 65.1% |
| Other amounts payable47/48 | - | €7,000 | €1,639 | €41,538 | €50,000 | ▲ 20.4% |
| Accrued charges and deferred income492/3 | - | - | €5,699 | €5,699 | €15,699 | ▲ 175% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,712 | €16,719 | €43,055 | €58,028 | €77,559 | ▲ 33.7% |
| + Depreciation and write-downs630 | €25 | €540 | €1,597 | €1,839 | €2,365 | ▲ 28.6% |
| Operating cash flow (approximation) | €1,737 | €17,259 | €44,653 | €59,867 | €79,924 | ▲ 33.5% |
| Investment in fixed assets (approximation) | - | -€3,499 | €0 | -€1,405 | -€2,991 | ▼ 113% |
| Change in cash | - | -€15,514 | -€25,761 | €126,536 | €74,355 | ▼ 41.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Highest result since 2020net €77,559 ▲33.7%
Operating result €87,920, net result €77,559, both a record.
31-12
Financial
Equity above €100,000Eq €127,074 ▲27.7%
5 profitable years in a row build equity to €127,074.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2019
Ground area
2,518 m²
Building footprint
158 m²
Volume, LiDAR
653 m³
Parcel 46003A0576/00C000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TRC
since 20192.294.509.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46003A0576/00C000 | Flanders | 2,518 m² | 1 · 158 m² | 7.3 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.
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PESSERS GAUTHIER
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,893 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
Founded06-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43320Joinery installation
43990Other specialised construction activities
82990Other business support services
Contact
Phone
+32 9 330 93 47Beveren-Kruibeke-Zwijndrecht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733783026
Also
9925:BE0733783026
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.