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TRC - MANAGEMENT

Active
Public limited companyfounded 1991active for 35 yearsHaagwindenlaan 37, 1020 Brussel, BelgiumKBO/BCE: BE 0444.581.088
Summary

The annual accounts of TRC - MANAGEMENT for financial year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €2,035 and a net result of -€2,465. Equity is shrinking by about 26% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 18% of 2,746 sector peers (NACE 82, financial year 2025). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
TRC - MANAGEMENTActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Other business support services
NACE 82990
1 site
Size
€32,051total assets 2025
Equity
€2,035
Loss
-€2,465
Turnover not published (abbreviated or micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 20 days early1 of 6 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €2,465, the second in a row (financial year 2025)lowers riskSize: total assets €32,051Founded in 1991Sector: Office administrative, office support and other business support activities (NACE 82)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 25% of its sector peers (NACE 82, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 31-10
equity 6.3% of total assets
Liquidity 62+52
short-term debt 2.4% · cash 9.3%
Profitability 9-48
return on assets -7.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (12,623 companies, NACE 82, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 40.04, compared with 1.12 in 2024; short-term debt: 2.4% and cash: 9.3% of total assets), but 93.7% 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 82, micro): better than 18% on solvency, 56% on liquidity, 13% on profitability and 11% on growth.

The bankruptcy probability was computed on 11-10-2026 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).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €32,051
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Loss of €2,465, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,465
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2746 sector peers (2025).
NBB · sector comparison
Position among 2746 sector peers
Solvency
better than 18%
← 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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
20 days early
2024
8 days early
2023
3 days early
2022
15 days late
2021
15 days late
2020
9 days early
2019
42 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Reappointment: Myriam Thielemans (afgevaardigd bestuurder)Registered office clause
  3. Liquidity more than 35 timescurrent ratio 40.04

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€2,465 View
  • Caution: Among the weakest 14% on equitysector median €200,004 · 2,746 companies €2,035 View
  • Active since 1991founded 04-07-1991 35 years View

By topic

Financials

Financial year
2025
Total assets
€32,051
Loss
-€2,465
Solvency
6.3%
Total assets▲ 11.3%
Net result
20182025
Go to Financials

Timeline

Events
36
Since
1992
Next accounts
by 31-07-2027
  1. 23-07-2025Annual accounts filed
  2. 28-07-2024Annual accounts filed
  3. 15-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other business support servicesNACE 82990
Founded
04-07-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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