Equity
TRCC Services paid out €72,527 in dividends. That is 79% of the 2025 profit.
TRCC Services paid out €72,527 in dividends. That is 79% of the 2025 profit.
The result rose in 2025 from €23,037 to €92,166.
Of this, €684,461 falls due within a year.
Green is investment, beige is depreciation.
Ten of the last ten came late. The 2020 accounts came latest: 108 days after the end of the period.
Lower solvency than 81% of companies in construction of buildings. Sector median 38.6% · 2,818 companies.
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, small). It does better than 20% of them on solvency, 85% on liquidity, 68% on profitability and 64% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 4,685 companies had the same profile as TRCC Services has now. Each dot stands for 12 companies, two years later.
That fits the bankruptcy probability of TRCC Services itself: 0.4% within 12 months.
The method was tested on the 497,448 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 4,685 companies, not a prediction for TRCC Services. 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.
Liquidity is tight, with a current ratio of 1.14 (1.13 in 2024), below the usual 1.5. Short-term debt is 30.4% and cash 22.6% of total assets. 89.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 48 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TRCC Services Frameries | €2.3m | €0.8m | 10.7% | - |
| DC BUILDING Antwerp | €2.1m | €0.8m | 34.6% | 1.7 |
| VANDEZANDE Oud-Heverlee | €2.5m | €0.8m | 22.9% | 1 |
| DEWEBO Stekene | €2.6m | €0.9m | 65.8% | 6.6 |
| BETON-BOUW BENTEIN Langemark-Poelkapelle | €2.4m | €1.0m | 81.5% | 4 |
| FREDERIK BROSENS Ravels | €2.0m | €1.0m | 35.6% | 7.5 |
| BATISERVICE Gembloux | €2.5m | €0.6m | 38.3% | - |
These companies have the same main activity as TRCC Services: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €2m and €2.6m, founded between 2001 and 2006.
TRCC Services files the abbreviated format. That format states no turnover. The gross margin rose from -€990 in 2006 to €822,484 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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