TREAVO

Active

Private limited companyfounded 201511 yrs activeAntoon De Pesseroeylaan 19, 9831 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0628.438.254

TREAVO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €75k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 2273 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency87▲+46

Growth78=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 2.3 against 0.93 in 2024; short-term debt: 37.1% and cash: 14.6% of total assets), and 38.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

61.9%

Return on assets

48.2%

Age of the figures

9 mo

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €96k

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 · 10 filings

Deviation from the deadline

2025

31 d late

2024

30 d late

2023

30 d late

2022

31 d late

2021

31 d late

2020

31 d late

2019

31 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€96k▲ 351%

2024 · €21k

2018: €12k 2019: €14k 2020: €13k 2021: €12k 2022: €38k 2023: €68k 2024: €21k

2018 → 2025

Total assets

€156k▲ 13.0%

2024 · €138k

2018: €23k 2019: €20k 2020: €19k 2021: €12k 2022: €54k 2023: €79k 2024: €138k

2018 → 2025

Net result

€75k▲ 40.9%

2024 · €53k

2018: €-3k 2019: €7k 2020: €-606 2021: €-553 2022: €26k 2023: €30k 2024: €53k

2018 → 2025

Working capital

€75k

2024 · €-8k

2018: €11k 2019: €13k 2020: €13k 2021: €12k 2022: €38k 2023: €68k 2024: €-8k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€12k-€38k▲ 210%€68k▲ 77.9%€21k▼ 68.7%€96k▲ 351%

Operating result€-541-€33k€42k▲ 28.7%€72k▲ 71.5%€104k▲ 43.8%

Net result€-553-€26k€30k▲ 15.0%€53k▲ 78.4%€75k▲ 40.9%

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; 2025 is 44% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €156k

14.4%

85.6%

Fixed assets €22k▼ 25.8%

Current assets €133k▲ 23.9%

Equity and liabilities €156k

61.9%

38.1%

Equity €96k▲ 351%

Debt €59k▼ 49.1%

The debt ratio falls from 84.5% to 38.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€112k▲

2024 · €80k

Cash flow

€83k▲

2024 · €61k

Solvency

61.9%▲

2024 · 15.5%

Current ratio

2.30▲

2024 · 0.93

Quick ratio

2.30▲

2024 · 0.93

Debt / equity

0.62▼

2024 · 5.45

ROE

77.8%▼

2024 · 249.3%

ROA

48.2%▲

2024 · 38.6%

Interest coverage

93.42▼

2024 · 1903.41

Debt

€59k▼

2024 · €116k

Debt ≤ 1 year

€58k▼

2024 · €115k

Income taxes

€30k▲

2024 · €20k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€138k€156k▲

Fixed assets21/28€30k€22k▼

Tangible fixed assets22/27€30k€22k▼

Plant, machinery and equipment23€693€196▼

Furniture and vehicles24€30k€22k▼

Current assets29/58€108k€133k▲

Amounts receivable within one year40/41€62k€110k▲

Trade receivables40€10k€30k▲

Other amounts receivable41€52k€80k▲

Cash at bank and in hand54/58€45k€23k▼

Deferred charges and accrued income490/1€707€313▼

Equity and liabilities

Total equity and liabilities10/49€138k€156k▲

Equity10/15€21k€96k▲

Contributions10/11€12k€12k=

Reserves13€1k€1k=

Non-distributable reserves130/1€1k€1k=

Reserves not available under the articles1311€1k€1k=

Profit (loss) carried forward14€8k€83k▲

Amounts payable17/49€116k€59k▼

Amounts payable within one year42/48€115k€58k▼

Trade debts44€3k€378▼

Suppliers440/4€3k€378▼

Taxes, remuneration and social security45€12k€13k▲

Taxes450/3€12k€13k▲

Other amounts payable47/48€100k€44k▼

Accrued charges and deferred income492/3€1k€2k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲

Other operating charges640/8€770€1k▲

Non-recurring operating charges66A€1k€0▼

Gross operating margin9900€82k€113k▲

Operating profit (loss)9901€72k€104k▲

Financial income75/76B€746€2k▲

Recurring financial income75€746€2k▲

Financial charges65/66B€42€1k▲

Recurring financial charges65€42€1k▲

Profit (loss) for the period before taxes9903€73k€105k▲

Income taxes67/77€20k€30k▲

Profit (loss) for the period9904€53k€75k▲

Profit (loss) for the period to be appropriated9905€53k€75k▲

Appropriation of the result

Profit (loss) to be appropriated9906€108k€83k▼

Profit (loss) brought forward from the previous period14P€55k€8k▼

Profit to be distributed694/7€100k€0▼

Return on contributions (dividend)694€100k€0▼

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

2025

31-12

Financial Highest result since 2018net €75k ▲40.9%

Operating result €104k, net result €75k, both a record.

31-12

Financial Liquidity doublescurrent ratio 2.30

Current ratio from 0.93 to 2.30; short-term debt falls from €115k to €58k.

30-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 30 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 30 days late

2023

31-12

Financial Liquidity doublescurrent ratio 7.92

Current ratio from 3.59 to 7.92; short-term debt falls from €15k to €10k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

31-12

Financial Back to profitnet €26k

Net result €26k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 31 days late

2021

31-12

Financial Liquidity times 57current ratio 170.53

Current ratio from 2.98 to 170.53; short-term debt falls from €7k to €73.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 31 days late

2019

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 30 days late

2018

26-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

28-07-2022 Resigned as Manager

Location & real-estate footprint

Registered office, Sint-Martens-Latem · 2 establishment units since 2015

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Antoon De Pesseroeylaan 199831 Sint-Martens-Latem

Ground area

1,551 m²

Building footprint

338 m²

Volume, LiDAR