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TRENO

Active
Private limited companyfounded 20242 yrs activeBrugstraat 33, 9260 Wichelen, BelgiumKBO/BCE: BE 1004.540.809
Summary

The computed 12-month bankruptcy probability of TRENO is 3.0% (moderate). The 2024 annual accounts show equity of €6,342 and a net result of €4,342. Its solvency ranks better than 12% of 36378 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability74
Solvency31
Growth-
Track record67
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
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 2024
Solvency, return and age of the figures
Solvency
6.4%
Return on assets
4.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 36378 sector peers (2024).
NBB · sector comparison
Position among 36378 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 38 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

TRENO was incorporated on 11 January 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€6,342
Total assets
€99,462
Net result
€4,342
Working capital
€771

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €99,462
Fixed assets €72,091
Current assets €27,371
Equity and liabilities €99,462
Equity €6,342
Debt €93,119
Debt finances 93.6% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€29,568
Cash flow
€23,004
Current ratio
1.03
Quick ratio
0.63
Debt to equity
14.68
ROE
68.5%
ROA
4.4%
Interest coverage
13.42
Debt ≤ 1 year
€26,600
Debt > 1 year
€66,519
Income taxes
€4,364

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 2,135 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
Filed annual accounts As filed with the NBB · 2024 · 45 lines
Balance sheet Code2024
Assets
Total assets20/58€99,462
Formation expenses20€0
Fixed assets21/28€72,091
Tangible fixed assets22/27€72,091
Furniture and vehicles24€72,091
Current assets29/58€27,371
Stocks and contracts in progress3€10,490
Stocks30/36€5,000
Contracts in progress37€5,490
Amounts receivable within one year40/41€8,844
Trade receivables40€7,740
Other amounts receivable41€1,104
Cash at bank and in hand54/58€4,486
Deferred charges and accrued income490/1€3,551
Equity and liabilities
Total equity and liabilities10/49€99,462
Equity10/15€6,342
Contributions10/11€2,000
Reserves13€4,342
Distributable reserves133€4,342
Profit (loss) carried forward14€0
Amounts payable17/49€93,119
Amounts payable after more than one year17€66,519
Financial debts170/4€66,519
Amounts payable within one year42/48€26,600
Current portion of amounts payable after more than one year42€18,403
Trade debts44€2,238
Suppliers440/4€2,238
Taxes, remuneration and social security45€2,364
Taxes450/3€2,364
Other amounts payable47/48€3,595
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,662
Other operating charges640/8€2,069
Gross operating margin9900€31,637
Operating profit (loss)9901€10,906
Financial income75/76B€4
Recurring financial income75€4
Financial charges65/66B€2,204
Recurring financial charges65€2,204
Profit (loss) for the period before taxes9903€8,706
Income taxes67/77€4,364
Profit (loss) for the period9904€4,342
Profit (loss) for the period to be appropriated9905€4,342
Appropriation of the result
Profit (loss) to be appropriated9906€4,342
Transfer to equity691/2€4,342
To other reserves6921€4,342

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,662
Other operating charges640/8€2,069
Gross operating margin9900€31,637
Operating profit (loss)9901€10,906
Financial income75/76B€4
Recurring financial income75€4
Financial charges65/66B€2,204
Recurring financial charges65€2,204
Profit (loss) for the period before taxes9903€8,706
Income taxes67/77€4,364
Profit (loss) for the period9904€4,342
Profit (loss) for the period to be appropriated9905€4,342
Line2024
Assets
Total assets20/58€99,462
Formation expenses20€0
Fixed assets21/28€72,091
Tangible fixed assets22/27€72,091
Furniture and vehicles24€72,091
Current assets29/58€27,371
Stocks and contracts in progress3€10,490
Stocks30/36€5,000
Contracts in progress37€5,490
Amounts receivable within one year40/41€8,844
Trade receivables40€7,740
Other amounts receivable41€1,104
Cash at bank and in hand54/58€4,486
Deferred charges and accrued income490/1€3,551
Equity and liabilities
Total equity and liabilities10/49€99,462
Equity10/15€6,342
Contributions10/11€2,000
Reserves13€4,342
Distributable reserves133€4,342
Profit (loss) carried forward14€0
Amounts payable17/49€93,119
Amounts payable after more than one year17€66,519
Financial debts170/4€66,519
Amounts payable within one year42/48€26,600
Current portion of amounts payable after more than one year42€18,403
Trade debts44€2,238
Suppliers440/4€2,238
Taxes, remuneration and social security45€2,364
Taxes450/3€2,364
Other amounts payable47/48€3,595
Line2024
Profit (loss) for the period9904€4,342
+ Depreciation and write-downs630€18,662
Operating cash flow (approximation)€23,004

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Wichelen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,083 m²
Building footprint
132 m²
Volume, LiDAR
778 m³
Parcel 42026A0546/00D000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRENO
Brugstraat 33, 9260 WichelenReal estate development
since 20242.354.677.275
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42026A0546/00D000 Flanders 1,083 m² 1 · 132 m² 10.7 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 3,618 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
Founded11-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
31002Manufacture of furniture
68121Development of residential building projects
68110Buying and selling of own real estate
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1004540809
Also 9925:BE1004540809

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.