TREBORINVEST
ActiveTREBORINVEST has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.68M and a net result of €2k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 91% of 19345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-15
Solvency100=
Growth43▲+5
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 11.43 against 62.3 in 2023), and 10.1% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.9%
Return on assets
0%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
10 d early
2022
60 d late
2021
17 d late
2020
67 d late
2019
52 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€120k▲ 3.8%
2023 · €115k
2021: €144k
2022: €101k
2023: €115k
2021 → 2024
EBIT margin
-140.2%=
2023 · -140.2%
2021: -142.4%
2022: -177.8%
2023: -140.2%
2021 → 2024
Net result
€2k▼ 80.6%
2023 · €13k
2018: €-1.26M
2019: €209k
2020: €251k
2021: €4k
2022: €-11k
2023: €13k
2018 → 2024
Working capital
€4.41M▼ 38.3%
2023 · €7.14M
2018: €7.31M
2019: €6.84M
2020: €7.18M
2021: €7.20M
2022: €7.12M
2023: €7.14M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€144k€101k▼ 29.7%€115k▲ 13.7%€120k▲ 3.8%
Equity€10.43M-€10.43M=€10.42M▼ 0.1%€10.43M▲ 0.1%€7.68M▼ 26.4%
Operating result€-257k-€-205k▲ 20.0%€-180k▲ 12.2%€-162k▲ 10.4%€-168k▼ 3.8%
Net result€251k-€4k▼ 98.6%€-11k€13k€2k▼ 80.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €168k in 2024 against €162k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.54M
Fixed assets
€3.71M▼ 2.8%
Current assets
€4.83M▼ 33.4%
Equity and liabilities €8.54M
Equity
€7.68M▼ 26.4%
Debt
€860k▲ 35.1%
The debt ratio rises from 5.8% to 10.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-40k▲
2023 · €-49k
Cash flow
€130k▲
2023 · €125k
Solvency
89.9%▼
2023 · 94.2%
Current ratio
11.43▼
2023 · 62.30
Quick ratio
11.43▼
2023 · 62.30
Debt / equity
0.11▲
2023 · 0.06
ROE
0.0%▼
2023 · 0.1%
ROA
0.0%▼
2023 · 0.1%
Interest coverage
-3.66▲
2023 · -4.02
Debt
€860k▲
2023 · €637k
Debt ≤ 1 year
€423k▲
2023 · €116k
Debt > 1 year
€438k▼
2023 · €520k
Income taxes
€5k▼
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€11.07M€8.54M▼
Fixed assets21/28€3.81M€3.71M▼
Tangible fixed assets22/27€2.13M€2.02M▼
Land and buildings22€2.08M€1.99M▼
Furniture and vehicles24€49k€29k▼
Financial fixed assets28€1.68M€1.68M=
Current assets29/58€7.26M€4.83M▼
Amounts receivable after more than one year29€6.98M€4.51M▼
Other amounts receivable291€6.98M€4.51M▼
Amounts receivable within one year40/41€189k€233k▲
Trade receivables40€0€47k▲
Other amounts receivable41€189k€186k▼
Cash at bank and in hand54/58€84k€75k▼
Deferred charges and accrued income490/1€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€11.07M€8.54M▼
Equity10/15€10.43M€7.68M▼
Contributions10/11€9.17M€6.41M▼
Capital10€9.17M€6.41M▼
Issued capital100€9.17M€6.41M▼
Reserves13€1,000k€1,000k=
Non-distributable reserves130/1€917k€917k=
Legal reserve130€917k€917k=
Tax-exempt reserves132€82k€82k=
Profit (loss) carried forward14€262k€265k▲
Amounts payable17/49€637k€860k▲
Amounts payable after more than one year17€520k€438k▼
Financial debts170/4€520k€438k▼
Amounts payable within one year42/48€116k€423k▲
Current portion of amounts payable after more than one year42€81k€83k▲
Trade debts44€21k€60k▲
Suppliers440/4€21k€60k▲
Taxes, remuneration and social security45€900€7k▲
Taxes450/3€900€7k▲
Other amounts payable47/48€13k€272k▲
Income statement
Code20232024
Turnover70€115k€120k▲
Goods, raw materials, services and sundry goods60/61€150k€125k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€128k▲
Other operating charges640/8€14k€34k▲
Gross operating margin9900€-35k€-6k▲
Operating profit (loss)9901€-162k€-168k▼
Financial income75/76B€195k€190k▼
Recurring financial income75€195k€190k▼
Financial charges65/66B€12k€15k▲
Recurring financial charges65€12k€11k▼
Non-recurring financial charges66B-€4k
Profit (loss) for the period before taxes9903€21k€7k▼
Income taxes67/77€9k€5k▼
Profit (loss) for the period9904€13k€2k▼
Profit (loss) for the period to be appropriated9905€13k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€262k€265k▲
Profit (loss) brought forward from the previous period14P€250k€262k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Liquidity times 15current ratio 94.77
Current ratio from 6.28 to 94.77; short-term debt falls from €1.36M to €77k.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
2020
31-12
Financial
Highest result since 2018net €251k ▲20.2%
Net result €251k, the highest in the series.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Back to profitnet €209k
Net result €209k after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 55 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 40 days late
2011
29-12
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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 1968
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.
Louizalaan 4801050 BrusselGround area
2,791 m²
Building footprint
1,235 m²
Volume, LiDAR
89,309 m³
Parcel 21822R0227/00V003, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 480, 1050 Elsene
since 19682.117.150.209
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00V003 | Brussels | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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XL INVEST
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Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 2,147 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1967
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 57 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.