TREM
ActiveSummary
TREM has been active since 1993 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show negative equity (-€19,079) and a net result of -€9,278. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 3560 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth78=
Track record92
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.74 in 2023; short-term debt: 109.6% and cash: 2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-34.5%
Return on assets
-16.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€19,079
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
30 d late
2022
59 d late
2021
60 d late
2020
61 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 60 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9,278▼ 103%
2023 · -€4,575
Working capital
-€25,501▼ 154%
2023 · -€10,048
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,659▼ 43.2%€9,163▼ 14.0%-€2,800-€4,277▼ 52.8%-€8,220▼ 92.2%
Net result€6,989within the sector's middle half▼ 59.6%€5,538within the sector's middle half▼ 20.8%-€4,280below the sector's middle half-€4,575below the sector's middle half▼ 6.9%-€9,278below the sector's middle half▼ 103%
Equity-€6,484below the sector's middle half▲ 51.9%-€946below the sector's middle half▲ 85.4%-€5,226below the sector's middle half▼ 452%-€9,801below the sector's middle half▼ 87.5%-€19,079below the sector's middle half▼ 94.7%
Total assets€43,212below the sector's middle half▼ 6.8%€33,647below the sector's middle half▼ 22.1%€33,931below the sector's middle half▲ 0.8%€28,277below the sector's middle half▼ 16.7%€55,299below the sector's middle half▲ 95.6%
Debt€49,696▼ 16.9%€34,593▼ 30.4%€39,157▲ 13.2%€38,077▼ 2.8%€74,378▲ 95.3%
Working capital-€6,128below the sector's middle half▲ 47.8%-€559below the sector's middle half▲ 90.9%-€3,608below the sector's middle half▼ 545%-€10,048below the sector's middle half▼ 179%-€25,501below the sector's middle half▼ 154%
Solvency-15.0%below the sector's middle half▲ 14.1pp-2.8%below the sector's middle half▲ 12.2pp-15.4%below the sector's middle half▼ 12.6pp-34.7%below the sector's middle half▼ 19.3pp-34.5%below the sector's middle half▲ 0.2pp
Current ratio0.83below the sector's middle half▲ 0.130.98below the sector's middle half▲ 0.150.90below the sector's middle half▼ 0.080.74below the sector's middle half▼ 0.160.58below the sector's middle half▼ 0.16
Return on assets (ROA)16.2%above the sector's middle half▼ 21.1pp16.5%within the sector's middle half▲ 0.3pp-12.6%below the sector's middle half▼ 29.1pp-16.2%below the sector's middle half▼ 3.6pp-16.8%below the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,220 in 2024 against €4,277 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,299
Fixed assets
€20,176 ▲ 8,041%
Current assets
€35,123 ▲ 25.3%
Key figures and ratios
EBITDA
-€4,259▼
2023 · -€3,314
Cash flow
-€5,317▼
2023 · -€3,612
Debt to equity
-3.90▼
2023 · -3.89
Interest coverage
-4.02▲
2023 · -12.10
Debt ≤ 1 year
€60,624▲
2023 · €38,077
Debt > 1 year
€13,754
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,264 | €6,772 | €6,006 | €963 | €3,961 | ▲ 311% |
| Other operating charges640/8 | - | €344 | €474 | €469 | €703 | ▲ 49.8% |
| Gross operating margin9900 | €20,823 | €16,279 | €3,680 | -€2,845 | -€3,556 | ▼ 25.0% |
| Operating profit (loss)9901 | €10,659 | €9,163 | -€2,800 | -€4,277 | -€8,220 | ▼ 92.2% |
| Financial income75/76B | - | €37 | - | - | - | - |
| Recurring financial income75 | - | €37 | - | - | - | - |
| Financial charges65/66B | - | €797 | €1,161 | €274 | €1,058 | ▲ 287% |
| Recurring financial charges65 | €671 | €797 | €1,161 | €274 | €1,058 | ▲ 287% |
| Profit (loss) for the period before taxes9903 | €9,988 | €8,403 | -€3,961 | -€4,551 | -€9,278 | ▼ 104% |
| Income taxes67/77 | €2,999 | €2,865 | €320 | €24 | - | - |
| Profit (loss) for the period9904 | €6,989 | €5,538 | -€4,280 | -€4,575 | -€9,278 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €6,989 | €5,538 | -€4,280 | -€4,575 | -€9,278 | ▼ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,212 | €33,647 | €33,931 | €28,277 | €55,299 | ▲ 95.6% |
| Fixed assets21/28 | €13,989 | €7,217 | €1,211 | €248 | €20,176 | ▲ 8,041% |
| Tangible fixed assets22/27 | €13,989 | €7,217 | €1,211 | €248 | €20,176 | ▲ 8,041% |
| Plant, machinery and equipment23 | - | €1,516 | €857 | €248 | €2,681 | ▲ 982% |
| Furniture and vehicles24 | - | €5,701 | €354 | - | €17,495 | - |
| Current assets29/58 | €29,223 | €26,430 | €32,721 | €28,029 | €35,123 | ▲ 25.3% |
| Amounts receivable within one year40/41 | €28,754 | €25,869 | €32,231 | €26,334 | €33,617 | ▲ 27.7% |
| Trade receivables40 | - | €24,920 | €30,121 | €26,334 | €28,227 | ▲ 7.2% |
| Other amounts receivable41 | - | €949 | €2,110 | - | €5,390 | - |
| Cash at bank and in hand54/58 | - | - | - | €1,102 | €1,102 | = |
| Deferred charges and accrued income490/1 | - | €561 | €489 | €593 | €404 | ▼ 31.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,212 | €33,647 | €33,931 | €28,277 | €55,299 | ▲ 95.6% |
| Equity10/15 | -€6,484 | -€946 | -€5,226 | -€9,801 | -€19,079 | ▼ 94.7% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Profit (loss) carried forward14 | -€68,457 | -€62,919 | -€67,199 | -€71,774 | -€81,052 | ▼ 12.9% |
| Amounts payable17/49 | €49,696 | €34,593 | €39,157 | €38,077 | €74,378 | ▲ 95.3% |
| Amounts payable after more than one year17 | €12,284 | €7,604 | €2,829 | - | €13,754 | - |
| Financial debts170/4 | - | €7,604 | €2,829 | - | €13,754 | - |
| Amounts payable within one year42/48 | €35,351 | €26,989 | €36,329 | €38,077 | €60,624 | ▲ 59.2% |
| Current portion of amounts payable after more than one year42 | - | €4,681 | €4,774 | €2,829 | €3,659 | ▲ 29.4% |
| Financial debts43 | - | €547 | €140 | €1,598 | €2,000 | ▲ 25.1% |
| Credit institutions430/8 | - | €547 | €140 | €1,598 | €2,000 | ▲ 25.1% |
| Trade debts44 | €4,049 | €1,261 | €5,295 | €106 | €570 | ▲ 438% |
| Suppliers440/4 | - | €1,261 | €5,295 | €106 | €570 | ▲ 438% |
| Taxes, remuneration and social security45 | - | €5,865 | €8,605 | €1,975 | €3,044 | ▲ 54.1% |
| Taxes450/3 | - | €5,865 | €4,355 | €1,975 | €1,994 | ▲ 1.0% |
| Remuneration and social security454/9 | - | - | €4,250 | - | €1,050 | - |
| Other amounts payable47/48 | - | €14,635 | €17,514 | €31,569 | €51,351 | ▲ 62.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,989 | €5,538 | -€4,280 | -€4,575 | -€9,278 | ▼ 103% |
| + Depreciation and write-downs630 | €9,264 | €6,772 | €6,006 | €963 | €3,961 | ▲ 311% |
| Operating cash flow (approximation) | €16,253 | €12,310 | €1,726 | -€3,612 | -€5,317 | ▼ 47.2% |
| Investment in fixed assets (approximation) | - | -€0 | -€0 | €0 | -€23,890 | - |
| Change in cash | - | - | - | - | €0 | - |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
31-12
Financial
Back to profitnet €17,280
Net result €17,280 after one loss-making year.
17-09
KBO administration
Strikeout withdrawal
event 28-08-2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 378 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 743 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1108 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Braine-le-Château · 1 establishment unit since 1993
Ground area
6,685 m²
Building footprint
1,108 m²
Volume, LiDAR
7,661 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TREM SA
since 19932.061.902.274
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111B0004/00F009indicative | Wallonia | 4,111 m² | 1 · 948 m² | 9.9 m · 3 fl. |
| 25742B0090/00A000 | Wallonia | 2,574 m² | 1 · 160 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
ALTIUS RENOVATION
BE 0642.529.483
Braine-le-Château
ANGEL RENOV
BE 0552.515.067
Braine-le-Château
B8
BE 0779.951.561
Braine-le-Château
BOULE QUI RENOVE
BE 0778.753.909
Braine-le-Château
COLORI PEINT SERVICES
BE 0673.669.354
Braine-le-Château
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
69209Other tax advisory services
70200Business and other management consultancy
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449747131
Also
9925:BE0449747131
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.