Financials
- Fiscal year
- 2025
- Total assets
- €411,692
- Profit
- €133,400
- Solvency
- 23.8%
Total assets▲ 36.8%
Net result
20212025
TRE-NDS
ActiveSummary
TRE-NDS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98,119 and a net result of €133,400. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Real estate agency activities
NACE 68310NACE 68311
1 site
How big
€411,692total assets 2025
- Equity
- €98,119
- Profit
- €133,400
Turnover not published (abridged schema)
Who decides
Accounts filed 31 d late0 of 1 deed read
Why 83- Latest accounts 31 days late; 1 of the last 3 late- Liquidity: current ratio 1.02, cash €14,884, halved+ Sector Real estate activities (NACE 68)+ Size: total assets €411,692Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 47% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
49-9
equity 23.8% of total assets
Liquidity
14-25
short-term debt 74.9% · cash 3.6%
Profitability
100+9
return on assets 32.4%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Sector Real estate activities (NACE 68) lowers the probability
- Latest accounts 31 days late; 1 of the last 3 late raises the probability
- Size: total assets €411,692 lowers the probability for this profile
- Liquidity: current ratio 1.02, cash €14,884, halved raises the probability
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.93 in 2024; short-term debt: 74.9% and cash: 3.6% of total assets), and 76.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 44%, liquidity 13%, profitability 95%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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
31 d late
2024
45 d early
2023
14 d early
2022
30 d late
2021
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 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2021net €133,400 ▲146%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 8
- Since
- 2022
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Highest result since 2021
- 16-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Real estate agency activitiesNACE 68310
- Founded
- 21-12-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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