TREMA
ActiveSummary
The computed 12-month bankruptcy probability of TREMA is 1.6% (moderate). The 2025 annual accounts show negative equity (-€2,637) and a net result of -€8,519. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 18537 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency10▼-54
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.92 in 2024; short-term debt: 115.3% and cash: 45.3% of total assets), and equity is negative.
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Signals
Six 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 2025Solvency, return and age of the figures
Solvency
-15.3%
Return on assets
-49.5%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2,637
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
44 d early
2023
56 d early
2022
37 d early
2021
33 d early
2020
33 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€2,637
2024 · €5,882
Total assets
€17,207▲ 14.2%
2024 · €15,066
Net result
-€8,519▲ 17.4%
2024 · -€10,318
Working capital
-€6,297▼ 750%
2024 · -€740
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€25,161▲ 143%€30,680▲ 21.9%€12,206▼ 60.2%-€9,510-€7,623▲ 19.8%
Net result€23,276within the sector's middle half▲ 160%€21,957above the sector's middle half▼ 5.7%€7,348within the sector's middle half▼ 66.5%-€10,318below the sector's middle half-€8,519below the sector's middle half▲ 17.4%
Equity-€13,106below the sector's middle half▲ 64.0%€8,852within the sector's middle half€16,200within the sector's middle half▲ 83.0%€5,882within the sector's middle half▼ 63.7%-€2,637below the sector's middle half
Total assets€27,446below the sector's middle half▲ 223%€38,902below the sector's middle half▲ 41.7%€43,436below the sector's middle half▲ 11.7%€15,066below the sector's middle half▼ 65.3%€17,207below the sector's middle half▲ 14.2%
Debt€40,552▼ 9.6%€30,050▼ 25.9%€27,236▼ 9.4%€9,184▼ 66.3%€19,844▲ 116%
Working capital-€19,060▲ 48.1%€885€7,115▲ 704%-€740-€6,297▼ 750%
Solvency-47.8%below the sector's middle half▲ 380.8pp22.8%within the sector's middle half▲ 70.5pp37.3%within the sector's middle half▲ 14.5pp39.0%within the sector's middle half▲ 1.7pp-15.3%below the sector's middle half▼ 54.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,623 in 2025 against €9,510 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,207
Fixed assets
€3,660 ▼ 44.7%
Current assets
€13,547 ▲ 60.4%
Key figures and ratios
EBITDA
-€2,676▲
2024 · -€4,912
Cash flow
-€3,573▲
2024 · -€5,720
Current ratio
0.68▼
2024 · 0.92
Quick ratio
0.65▼
2024 · 0.85
Debt to equity
-7.53▼
2024 · 1.56
ROA
-49.5%▲
2024 · -68.5%
Interest coverage
-2.98▲
2024 · -6.06
Debt ≤ 1 year
€19,844▲
2024 · €9,184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 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
9.9%
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 1.6% 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 497,058 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% | 1.6% |
| 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 74% 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 6,640 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,037 | €4,245 | €4,476 | €4,598 | €4,946 | ▲ 7.6% |
| Other operating charges640/8 | €717 | €541 | €736 | €683 | €683 | = |
| Gross operating margin9900 | €29,915 | €35,467 | €17,418 | -€4,229 | -€1,993 | ▲ 52.9% |
| Operating profit (loss)9901 | €25,161 | €30,680 | €12,206 | -€9,510 | -€7,623 | ▲ 19.8% |
| Financial income75/76B | - | - | - | €2 | - | - |
| Recurring financial income75 | - | - | - | €2 | - | - |
| Financial charges65/66B | €1,108 | €1,050 | €1,020 | €810 | €897 | ▲ 10.7% |
| Recurring financial charges65 | €1,108 | €1,050 | €1,020 | €810 | €897 | ▲ 10.7% |
| Profit (loss) for the period before taxes9903 | €24,053 | €29,631 | €11,186 | -€10,318 | -€8,519 | ▲ 17.4% |
| Income taxes67/77 | €777 | €7,673 | €3,838 | - | - | - |
| Profit (loss) for the period9904 | €23,276 | €21,957 | €7,348 | -€10,318 | -€8,519 | ▲ 17.4% |
| Profit (loss) for the period to be appropriated9905 | €23,276 | €21,957 | €7,348 | -€10,318 | -€8,519 | ▲ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,446 | €38,902 | €43,436 | €15,066 | €17,207 | ▲ 14.2% |
| Fixed assets21/28 | €17,041 | €13,988 | €10,012 | €6,623 | €3,660 | ▼ 44.7% |
| Tangible fixed assets22/27 | €17,041 | €13,988 | €10,012 | €6,623 | €3,660 | ▼ 44.7% |
| Plant, machinery and equipment23 | - | €441 | €351 | €965 | €1,400 | ▲ 45.0% |
| Furniture and vehicles24 | €17,041 | €13,547 | €9,661 | €5,657 | €2,260 | ▼ 60.1% |
| Current assets29/58 | €10,405 | €24,913 | €33,424 | €8,444 | €13,547 | ▲ 60.4% |
| Stocks and contracts in progress3 | €263 | €520 | €586 | €603 | €632 | ▲ 4.7% |
| Stocks30/36 | €263 | €520 | €586 | €603 | €632 | ▲ 4.7% |
| Amounts receivable within one year40/41 | €2,807 | €11,939 | €3,560 | €2,337 | €4,000 | ▲ 71.2% |
| Trade receivables40 | €2,387 | €11,929 | €3,560 | €514 | €1,666 | ▲ 224% |
| Other amounts receivable41 | €420 | €10 | - | €1,822 | €2,333 | ▲ 28.0% |
| Cash at bank and in hand54/58 | €6,693 | €10,651 | €28,289 | €4,091 | €7,796 | ▲ 90.6% |
| Deferred charges and accrued income490/1 | €642 | €1,803 | €989 | €1,413 | €1,120 | ▼ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,446 | €38,902 | €43,436 | €15,066 | €17,207 | ▲ 14.2% |
| Equity10/15 | -€13,106 | €8,852 | €16,200 | €5,882 | -€2,637 | ▼ 145% |
| Contributions10/11 | €9,296 | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Reserves13 | €2,851 | €1,859 | €6,904 | €6,904 | €6,904 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €992 | - | €6,904 | €6,904 | €6,904 | = |
| Profit (loss) carried forward14 | -€25,253 | -€2,304 | - | -€10,318 | -€18,837 | ▼ 82.6% |
| Amounts payable17/49 | €40,552 | €30,050 | €27,236 | €9,184 | €19,844 | ▲ 116% |
| Amounts payable after more than one year17 | €10,990 | €5,975 | €862 | - | - | - |
| Financial debts170/4 | €10,990 | €5,975 | €862 | - | - | - |
| Amounts payable within one year42/48 | €29,465 | €24,028 | €26,309 | €9,184 | €19,844 | ▲ 116% |
| Current portion of amounts payable after more than one year42 | €4,920 | €5,015 | €5,113 | €862 | - | - |
| Trade debts44 | €1,922 | €4,708 | €7,587 | €822 | €2,751 | ▲ 235% |
| Suppliers440/4 | €1,922 | €4,708 | €7,587 | €822 | €2,751 | ▲ 235% |
| Taxes, remuneration and social security45 | €1,386 | €1,600 | €5,747 | €650 | €1,500 | ▲ 131% |
| Taxes450/3 | €886 | €950 | €5,097 | - | €1,500 | - |
| Remuneration and social security454/9 | €500 | €650 | €650 | €650 | - | - |
| Other amounts payable47/48 | €21,237 | €12,704 | €7,862 | €6,850 | €15,593 | ▲ 128% |
| Accrued charges and deferred income492/3 | €97 | €47 | €66 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,276 | €21,957 | €7,348 | -€10,318 | -€8,519 | ▲ 17.4% |
| + Depreciation and write-downs630 | €4,037 | €4,245 | €4,476 | €4,598 | €4,946 | ▲ 7.6% |
| Operating cash flow (approximation) | €27,313 | €26,203 | €11,825 | -€5,720 | -€3,573 | ▲ 37.5% |
| Investment in fixed assets (approximation) | - | -€1,193 | -€500 | -€1,208 | -€1,983 | ▼ 64.2% |
| Change in cash | - | €3,958 | €17,638 | -€24,198 | €3,705 | ▲ 115% |
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
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€10,318
Net result drops to -€10,318, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 1.04
Current ratio from 0.35 to 1.04; short-term debt falls from €29,465 to €24,028.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €23,276 ▲160%
Net result €23,276, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8,953
Net result €8,953 after 2 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 1 establishment unit since 1993
Ground area
123 m²
Parcel 21302A0019/00M015, Brussels. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Menestrelenlaan 24 2, 1070 Anderlecht
since 19932.036.259.929
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0019/00M015 | Brussels | 123 m² | - | - |
Linked by address, not proof of ownership
Good to know
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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Of 2,342 companies in sector 47621 we hold annual accounts for 1,244. 470 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
43221Plumbing work
47792Retail sale of second-hand clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433577627
Also
9925:BE0433577627
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.