TRD POLICY
ActiveSummary
TRD POLICY has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-30k) and a net result of €-1k. Equity is shrinking by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-14
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.61 in 2023; short-term debt: 144.8% and cash: 4.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-47.6%
Return on assets
-2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-30k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
55 d late
2022
60 d late
2021
29 d late
2020
89 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-30k▼ 4.4%
2023 · €-29k
2019: €2k
2020: €7k▲ +309% vs 2019highest in 6 years
2021: €-23k▼ -448% vs 2020
2022: €-31k▼ -32.8% vs 2021lowest in 6 years
2023: €-29k▲ +6.0% vs 2022
2024: €-30k▼ -4.4% vs 2023
2019 → 2024
Total assets
€63k▲ 33.4%
2023 · €48k
2019: €17k
2020: €13k▼ -25.7% vs 2019
2021: €10k▼ -20.3% vs 2020lowest in 6 years
2022: €50k▲ +385% vs 2021
2023: €48k▼ -4.6% vs 2022
2024: €63k▲ +33.4% vs 2023highest in 6 years
2019 → 2024
Net result
€-1k
2023 · €2k
2019: €-11k
2020: €5k▲ +147% vs 2019highest in 6 years
2021: €-30k▼ -693% vs 2020lowest in 6 years
2022: €-8k▲ +74.5% vs 2021
2023: €2k▲ +124% vs 2022
2024: €-1k▼ -169% vs 2023
2019 → 2024
Working capital
€-29k▲ 3.8%
2023 · €-30k
2019: €-1k
2020: €5k▲ +480% vs 2019highest in 6 years
2021: €-24k▼ -596% vs 2020
2022: €-32k▼ -31.3% vs 2021lowest in 6 years
2023: €-30k▲ +5.8% vs 2022
2024: €-29k▲ +3.8% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€-23k€-31k▼ 32.8%€-29k▲ 6.0%€-30k▼ 4.4%
2020: €7khighest in 5 years
2021: €-23k▼ -448% vs 2020
2022: €-31k▼ -32.8% vs 2021lowest in 5 years
2023: €-29k▲ +6.0% vs 2022
2024: €-30k▼ -4.4% vs 2023
Operating result€5k-€-30k€-7k▲ 76.6%€2k€-573
2020: €5khighest in 5 years
2021: €-30k▼ -663% vs 2020lowest in 5 years
2022: €-7k▲ +76.6% vs 2021
2023: €2k▲ +133% vs 2022
2024: €-573▼ -125% vs 2023
Net result€5k-€-30k€-8k▲ 74.5%€2k€-1k
2020: €5khighest in 5 years
2021: €-30k▼ -693% vs 2020lowest in 5 years
2022: €-8k▲ +74.5% vs 2021
2023: €2k▲ +124% vs 2022
2024: €-1k▼ -169% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €573 after €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63k
Fixed assets
€500 ▼ 54.6%
Current assets
€63k ▲ 35.4%
Key figures and ratios
Solvency
-47.6%▲
2023 · -60.9%
Current ratio
0.69▲
2023 · 0.61
Debt to equity
-3.10▼
2023 · -2.64
ROA
-2.0%▼
2023 · 3.9%
Debt
€94k▲
2023 · €76k
Debt ≤ 1 year
€92k▲
2023 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€48k€63k▲
Fixed assets21/28€1k€500▼
Financial fixed assets28€1k€500▼
Current assets29/58€46k€63k▲
Amounts receivable within one year40/41€45k€59k▲
Trade receivables40€7k€13k▲
Other amounts receivable41€37k€46k▲
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€48k€63k▲
Equity10/15€-29k€-30k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-41k€-43k▼
Amounts payable17/49€76k€94k▲
Amounts payable within one year42/48€76k€92k▲
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€10k€19k▲
Suppliers440/4€10k€19k▲
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€13k€12k▼
Other amounts payable47/48€52k€58k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Other operating charges640/8-€780
Gross operating margin9900€2k€207▼
Operating profit (loss)9901€2k€-573▼
Financial charges65/66B€431€688▲
Recurring financial charges65€431€688▲
Profit (loss) for the period before taxes9903€2k€-1k▼
Profit (loss) for the period9904€2k€-1k▼
Profit (loss) for the period to be appropriated9905€2k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-43k▼
Profit (loss) brought forward from the previous period14P€-43k€-41k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | - | - | - | - |
| Other operating charges640/8 | - | - | €348 | - | €780 | - |
| Gross operating margin9900 | €6k | €-28k | €-7k | €2k | €207 | ▼ 90.9% |
| Operating profit (loss)9901 | €5k | €-30k | €-7k | €2k | €-573 | ▼ 125% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | €99 | €1 | - | - | - | - |
| Financial charges65/66B | - | €326 | €693 | €431 | €688 | ▲ 59.8% |
| Recurring financial charges65 | €312 | €326 | €693 | €431 | €688 | ▲ 59.8% |
| Profit (loss) for the period before taxes9903 | €5k | €-30k | €-8k | €2k | €-1k | ▼ 169% |
| Profit (loss) for the period9904 | €5k | €-30k | €-8k | €2k | €-1k | ▼ 169% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-30k | €-8k | €2k | €-1k | ▼ 169% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13k | €10k | €50k | €48k | €63k | ▲ 33.4% |
| Fixed assets21/28 | €2k | €1k | €1k | €1k | €500 | ▼ 54.6% |
| Tangible fixed assets22/27 | €1k | - | - | - | - | - |
| Financial fixed assets28 | €600 | €1k | €1k | €1k | €500 | ▼ 54.6% |
| Current assets29/58 | €11k | €9k | €49k | €46k | €63k | ▲ 35.4% |
| Amounts receivable within one year40/41 | €5k | €8k | €44k | €45k | €59k | ▲ 31.1% |
| Trade receivables40 | - | €7k | €22k | €7k | €13k | ▲ 77.1% |
| Other amounts receivable41 | - | €892 | €22k | €37k | €46k | ▲ 22.1% |
| Cash at bank and in hand54/58 | €6k | €1k | €5k | €2k | €3k | ▲ 79.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13k | €10k | €50k | €48k | €63k | ▲ 33.4% |
| Equity10/15 | €7k | €-23k | €-31k | €-29k | €-30k | ▼ 4.4% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-6k | €-36k | €-43k | €-41k | €-43k | ▼ 3.0% |
| Amounts payable17/49 | €6k | €33k | €81k | €76k | €94k | ▲ 22.4% |
| Amounts payable within one year42/48 | €6k | €33k | €81k | €76k | €92k | ▲ 20.0% |
| Financial debts43 | - | - | - | €2k | €2k | ▲ 0.6% |
| Credit institutions430/8 | - | - | - | €2k | €2k | ▲ 0.6% |
| Trade debts44 | €2k | €2k | €26k | €10k | €19k | ▲ 92.0% |
| Suppliers440/4 | - | €2k | €26k | €10k | €19k | ▲ 92.0% |
| Taxes, remuneration and social security45 | - | - | €2k | €13k | €12k | ▼ 4.4% |
| Taxes450/3 | - | - | €2k | €13k | €12k | ▼ 4.4% |
| Other amounts payable47/48 | - | €32k | €53k | €52k | €58k | ▲ 12.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-30k | €-8k | €2k | €-1k | ▼ 169% |
| + Depreciation and write-downs630 | €1k | €1k | - | - | - | - |
| Operating cash flow (approximation) | €6k | €-29k | €-8k | €2k | €-1k | ▼ 169% |
| Investment in fixed assets (approximation) | - | €-500 | €0 | €0 | €600 | - |
| Change in cash | - | €-5k | €4k | €-3k | €1k | ▲ 141% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2019
Ground area
212 m²
Building footprint
120 m²
Volume, LiDAR
2,239 m³
Parcel 21806F0108/00L002, Brussels · tallest building 22.7 m, ±6 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
Ambiorixsquare 10, 1000 Brussel
since 20192.285.503.607
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0108/00L002 | Brussels | 212 m² | 1 · 119 m² | 22.7 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 18,505 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 (pre-2019)
Founded29-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
73300Public relations and communication consultancy
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.