TREBORA
ActiveSummary
TREBORA has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €415,551 and a net result of €89,370. Equity has been growing by about 16% per year since 2019. Its solvency ranks better than 31% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-05-1993 Normal situation
- Activity
- Real estate agency activities NACE 68310and 2 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 30-06-2025
- Establishment unit
- 2.067.961.410 9255 Buggenhout, since 05-05-1997
- Financial year end
- 30 June
- Peppol
- Reachable since 26-03-2025
Board and ownership
- Robert AlexanderManaging director
- Robert DavidManaging director
- ROBERT Alexander MarcManaging director
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €463,072
- ▲ 8.1%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €89,370
- ▲ 13.2%
- Equity
- €415,551
- ▲ 27.4%
- Total assets
- €4.7m
- ▼ 2.7%
- Employees on 30-06-2025
- 3
- =
Score breakdownraises riskEquity €415,551 (8.8% of total assets)Liquidity: current ratio 0.13, cash €211,132lowers riskSize: total assets €4.7mFigures for financial year 2025 (filed on 08-01-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 68, small). It does better than 27% of them on solvency, 8% on liquidity, 75% on profitability and 84% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-01-2026 PDF all 32 filings
Every figure per financial year
The operating result for 2025 is 13% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 3 | 3 |
| part-time | 5 | 5 | 3 | 3 |
| in full-time equivalents | 1.7 | 1.7 | 0.9 | 0.9 |
| Average over the year, in full-time equivalents | 1.7 | 1.7 | 1 | 0.9 |
| On a permanent contract | 5 | 5 | 3 | 3 |
| Joined | - | - | 0 | 1 |
| Left | - | - | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €27,640 | €2.1m | €76,572 | €76,613 |
| Intangible fixed assets | €7,350 | - | - | €30,945 |
| Depreciation and write-downs of the year | €259,881 | €259,879 | €255,857 | €264,992 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €90,000 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €3,000 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €57,056 | €63,151 | €22,577 | €28,574 | ▲ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €262,348 | €270,092 | €299,577 | €259,881 | €259,879 | €255,857 | €264,992 | ▲ 3.6% |
| Other operating charges640/8 | - | - | - | €36,084 | €65,621 | €43,314 | €49,317 | ▲ 13.9% |
| Gross operating margin9900 | €480,836 | €283,125 | €277,748 | €509,759 | €473,762 | €428,537 | €463,072 | ▲ 8.1% |
| Operating profit (loss)9901 | €130,474 | -€47,646 | -€88,402 | €156,739 | €85,111 | €106,789 | €120,189 | ▲ 12.5% |
| Financial income75/76B | - | - | - | - | €9 | €10 | €1,608 | ▲ 158× |
| Recurring financial income75 | €82 | €39 | €0 | - | €9 | €10 | €1,608 | ▲ 158× |
| Financial charges65/66B | - | - | - | €2,518 | €1,293 | €588 | €493 | ▼ 16.2% |
| Recurring financial charges65 | €33,570 | €2,130 | €2,121 | €2,458 | €1,293 | €588 | €493 | ▼ 16.2% |
| Non-recurring financial charges66B | - | - | - | €60 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €96,986 | -€49,737 | -€90,522 | €154,221 | €83,828 | €106,211 | €121,304 | ▲ 14.2% |
| Transfer from deferred taxes780 | - | - | - | €7,007 | €7,007 | €7,007 | €7,007 | = |
| Transfer to deferred taxes680 | - | - | - | €1,307 | - | - | - | - |
| Income taxes67/77 | - | - | - | - | €111,472 | €34,281 | €38,941 | ▲ 13.6% |
| Profit (loss) for the period9904 | €52,011 | -€35,451 | -€71,058 | €159,922 | -€20,637 | €78,937 | €89,370 | ▲ 13.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €21,021 | €21,021 | €21,021 | €21,021 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €3,920 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€56,619 | -€21,709 | -€62,494 | €177,023 | €384 | €99,958 | €110,391 | ▲ 10.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.8m | €3.7m | €3.3m | €3.4m | €4.9m | €4.9m | €4.7m | ▼ 2.7% |
| Fixed assets21/28 | €3.0m | €3.1m | €2.9m | €2.6m | €4.5m | €4.3m | €4.1m | ▼ 3.7% |
| Intangible fixed assets21 | - | - | - | €0.007m | €0.005m | €0.002m | €0.03m | ▲ 13× |
| Tangible fixed assets22/27 | €3.0m | €3.1m | €2.9m | €2.6m | €4.5m | €4.3m | €4.1m | ▼ 4.3% |
| Land and buildings22 | - | - | - | €1.7m | €3.4m | €3.3m | €3.1m | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €0.9m | €1.0m | €1.0m | €1.0m | ▼ 3.8% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.03m | €0.03m | ▲ 1.8% |
| Financial fixed assets28 | €0.02m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.8m | €0.6m | €0.4m | €0.7m | €0.5m | €0.5m | €0.6m | ▲ 5.1% |
| Amounts receivable within one year40/41 | €0.6m | €0.5m | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 3.3% |
| Trade receivables40 | - | - | - | €0.07m | €0.02m | €0.04m | €0.02m | ▼ 34.7% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.2% |
| Cash at bank and in hand54/58 | €0.07m | €0.02m | €0.03m | €0.2m | €0.07m | €0.2m | €0.2m | ▲ 22.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.09m | €0.05m | €0.01m | €0.01m | ▲ 6.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.8m | €3.7m | €3.3m | €3.4m | €4.9m | €4.9m | €4.7m | ▼ 2.7% |
| Equity10/15 | €0.2m | €0.2m | €0.1m | €0.3m | €0.2m | €0.3m | €0.4m | ▲ 27.4% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 16.9% |
| Non-distributable reserves130/1 | - | - | - | €382 | €382 | €382 | €382 | = |
| Legal reserve130 | - | - | - | €382 | €382 | €382 | €382 | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 17.0% |
| Profit (loss) carried forward14 | -€1.0m | -€1.0m | -€1.0m | -€0.9m | -€0.9m | -€0.8m | -€0.7m | ▲ 14.4% |
| Provisions and deferred taxes16 | €0.09m | €0.08m | €0.06m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 17.0% |
| Deferred taxes168 | - | - | - | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 17.0% |
| Amounts payable17/49 | €3.5m | €3.4m | €3.1m | €3.0m | €4.6m | €4.5m | €4.3m | ▼ 4.7% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.4m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.4m | - | - | - | - |
| Amounts payable within one year42/48 | €2.7m | €2.5m | €2.2m | €2.2m | €4.6m | €4.5m | €4.3m | ▼ 4.7% |
| Trade debts44 | €0.02m | €0.02m | €0.001m | €0.02m | €0.04m | €0.02m | €0.03m | ▲ 25.3% |
| Suppliers440/4 | - | - | - | €0.02m | €0.04m | €0.02m | €0.03m | ▲ 25.3% |
| Advances received on contracts in progress46 | - | - | - | €0.02m | €0.04m | €0.05m | €0.02m | ▼ 57.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0.007m | €0.02m | €0.03m | ▲ 61.3% |
| Taxes450/3 | - | - | - | €0.001m | €0.002m | €0.01m | €0.03m | ▲ 69.5% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.005m | €0.003m | €0.003m | ▲ 14.0% |
| Other amounts payable47/48 | - | - | - | €2.2m | €4.6m | €4.4m | €4.2m | ▼ 4.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.5m | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | -€0.04m | -€0.07m | €0.2m | -€0.02m | €0.08m | €0.09m | ▲ 13.2% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 3.6% |
| Operating cash flow (approximation) | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €0.3m | €0.4m | ▲ 5.8% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.1m | -€0.03m | -€2.1m | -€0.08m | -€0.1m | ▼ 40.5% |
| Change in cash | - | -€0.05m | €0.009m | €0.2m | -€0.2m | €0.1m | €0.04m | ▼ 63.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,083 companies had the same profile as TREBORA has now. Two years later, 96.8% were still going and 0.8% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TREBORA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,083 companies, not a prediction for TREBORA. 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.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 08-01-2026 | 2026-00004106 | |
| 30-06-2024 | micro format | 20-12-2024 | 2024-00621181 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00535368 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00012429 | |
| 30-06-2021 | micro format | 23-12-2021 | 2021-81300241 | |
| 30-06-2020 | abbreviated format | 29-12-2020 | 2020-77200262 | |
| 30-06-2019 | abbreviated format | 28-02-2020 | 2020-06100220 | |
| 30-06-2018 | abbreviated format | 31-03-2019 | 2019-09200292 | |
| 30-06-2017 | abbreviated format | 18-05-2018 | 2018-13300238 | |
| 30-06-2016 | abbreviated format | 01-05-2017 | 2017-11100222 |
Board & ownership
Directors
Board 4
Day-to-day management 4
Owners and capital
Capital transactions
- 09-12-2022 Capital stated in the deed · €969,000 · 3,348 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| ROBERT Alexander Marc |
|
| ROBERT David Leonard |
|
| Robert Alexander |
|
| Robert David |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Raad kiest voorzitter uit midden, kan ondervoorzitter benoemen, bij ontstentenis of afwezigheid waargenomen door bestuurder aangeduid onder…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering besluit alleen,gezamenlijk of als college, bestuursorgaan in functie als college van vereffenaars”
Articles of association, deed of 09-12-2022 (in Dutch)
Network & group
TREBORA shares no director with another company.
Companies at the same address
1 other companyConnections & network
4 current directorsThe network starts from the directors of TREBORA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-05
Gazette deed
Reappointments: Robert David (director and managing director) and Robert Alexander (director and managing director)4 points ▸
- General meeting, 28-02-2026
- Board meeting, 28-02-2026
- Director reappointment, Robert David (director and managing director)
- Director reappointment, Robert Alexander (director and managing director)
09-12
Gazette deed
Reappointments: ROBERT Alexander Marc (director) and ROBERT David Leonard (director)Amendment of the articles · Capital · Registered office clause13 points ▸
- General meeting, 05-12-2022
- General meeting, 28-02-2020
- Director reappointment, ROBERT Alexander Marc (director)
- Director reappointment, ROBERT David Leonard (director)
- Other provision, “statuten volledig in overeenstemming brengen met bepalingen Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Amendment of the articles
- Capital, €969,000
- Registered office clause, “9255 Buggenhout,Kasteelstraat 245” (deed in Dutch)
- Power of attorney
- Power of attorney, Ann Daels
- Board meeting, “bekrachtiging en bekendmaking benoeming gedelegeerde bestuurders in Belgisch Staatsblad, in aansluiting op voorgaande algemene vergadering” (deed in Dutch)
- Director reappointment, ROBERT Alexander Marc (managing director)
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- Het oordeelkundig beheer en uitbreiding van een onroerend patrimonium
- Het oordeelkundig beheer en uitbreiding van roerende goederen in eigen beheer
- Het verstrekken van adviezen van organisatorische en administratieve aard, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks, op het vlak van organisatie en administratie
- Het beleggen in roerende waarden en het aankopen van financiële instrumenten van welke aard ook, in het kader van artikel 158 van de wet van vier december negentienhonderd negentig betreffende de financiële markten en de financiële verrichtingen
- Het waarnemen van alle bestuursmandaten en management in vennootschappen
- Alle aanverwante activiteiten die rechtstreeks of onrechtstreeks met haar voorwerp verwant zijn of de verwezenlijking ervan kunnen bevorderen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBAgenda
Agenda
Environmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42004B0694/00E002 | Flanders | 9,701 m² | 1 · 590 m² | 12.9 m · 2 |