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TRESOR

Active
Private limited company (pre-2019)founded 199035 yrs activeMarkt 61, 2440 Geel, BelgiumKBO/BCE: BE 0442.095.118
Summary

TRESOR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,489 and a net result of -€1,598. Equity is shrinking by ~3.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability35▲+24
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 59.28 against 31.44 in 2024; short-term debt: 1.5% and cash: 87.2% of total assets), and 1.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,598
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 d early
2024
20 d early
2023
64 d early
2022
23 d early
2021
32 d early
2020
on the day
2019
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
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

On 3 October 1990, TRESOR was incorporated.1 Total assets went from EUR 87,164 in 2018 to EUR 138,525 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€136,489▼ 1.2%
2024 · €138,087
Total assets
€138,525▼ 2.5%
2024 · €142,039
Net result
-€1,598▲ 82.8%
2024 · -€9,309
Working capital
€118,690▼ 1.3%
2024 · €120,288
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€7,276-€4,793▲ 34.1%-€8,037▼ 67.7%-€9,073▼ 12.9%-€1,345▲ 85.2%
Net result-€7,506-€5,033▲ 32.9%-€8,263▼ 64.2%-€9,309▼ 12.7%-€1,598▲ 82.8%
Equity€160,692▼ 4.5%€155,659▼ 3.1%€147,396▼ 5.3%€138,087▼ 6.3%€136,489▼ 1.2%
Total assets€164,025▼ 17.4%€158,439▼ 3.4%€151,520▼ 4.4%€142,039▼ 6.3%€138,525▼ 2.5%
Debt€3,333▼ 89.1%€2,780▼ 16.6%€4,125▲ 48.4%€3,952▼ 4.2%€2,036▼ 48.5%
Working capital€131,125▼ 1.8%€131,135=€127,916▼ 2.5%€120,288▼ 6.0%€118,690▼ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€7,276-€7,276Net result 2021: -€7,506-€7,506Operating result 2022: -€4,793-€4,793Net result 2022: -€5,033-€5,033Operating result 2023: -€8,037-€8,037Net result 2023: -€8,263-€8,263Operating result 2024: -€9,073-€9,073Net result 2024: -€9,309-€9,309Operating result 2025: -€1,345-€1,345Net result 2025: -€1,598-€1,59820212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€8,037-€8,040Net result 2023: -€8,263-€8,260Operating result 2024: -€9,073-€9,070Net result 2024: -€9,309-€9,310Operating result 2025: -€1,345-€1,350Net result 2025: -€1,598-€1,600202320242025
The operating result stays negative: a loss of €1,345 in 2025 against €9,073 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,525
Fixed assets €17,799 =
Current assets €120,727 ▼ 2.8%
Equity and liabilities €138,525
Equity €136,489 ▼ 1.2%
Debt €2,036 ▼ 48.5%
Debt's share of the balance-sheet total falls from 2.8% to 1.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
59.28▲
2024 · 31.44
Debt to equity
0.01▼
2024 · 0.03
ROE
-1.2%▲
2024 · -6.7%
ROA
-1.2%▲
2024 · -6.6%
Debt ≤ 1 year
€2,036▼
2024 · €3,952
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,304 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 · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€142,039€138,525▼
Fixed assets21/28€17,799€17,799=
Tangible fixed assets22/27€17,799€17,799=
Land and buildings22€17,799€17,799=
Current assets29/58€124,240€120,727▼
Cash at bank and in hand54/58€124,240€120,727▼
Equity and liabilities
Total equity and liabilities10/49€142,039€138,525▼
Equity10/15€138,087€136,489▼
Contributions10/11€18,600€18,600=
Reserves13€119,487€117,889▼
Non-distributable reserves130/1€7,248€7,248=
Reserves not available under the articles1311€7,248€7,248=
Distributable reserves133€112,239€110,641▼
Amounts payable17/49€3,952€2,036▼
Amounts payable within one year42/48€3,952€2,036▼
Trade debts44€1,607-
Suppliers440/4€1,607-
Other amounts payable47/48€2,346€2,036▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,681-
Other operating charges640/8€2,033€2,086▲
Gross operating margin9900-€5,358€741▲
Operating profit (loss)9901-€9,073-€1,345▲
Financial charges65/66B€236€253▲
Recurring financial charges65€236€253▲
Profit (loss) for the period before taxes9903-€9,309-€1,598▲
Profit (loss) for the period9904-€9,309-€1,598▲
Profit (loss) for the period to be appropriated9905-€9,309-€1,598▲
Appropriation of the result
Profit (loss) to be appropriated9906-€9,309-€1,598▲
Transfer from equity791/2€9,309€1,598▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,044€5,044€5,044€1,681--
Other operating charges640/8-€1,445€1,928€2,033€2,086▲ 2.6%
Gross operating margin9900-€490€1,696-€1,065-€5,358€741▲ 114%
Operating profit (loss)9901-€7,276-€4,793-€8,037-€9,073-€1,345▲ 85.2%
Financial charges65/66B-€241€227€236€253▲ 7.1%
Recurring financial charges65€230€241€227€236€253▲ 7.1%
Profit (loss) for the period before taxes9903-€7,506-€5,033-€8,263-€9,309-€1,598▲ 82.8%
Profit (loss) for the period9904-€7,506-€5,033-€8,263-€9,309-€1,598▲ 82.8%
Profit (loss) for the period to be appropriated9905-€7,506-€5,033-€8,263-€9,309-€1,598▲ 82.8%
Line20212022202320242025Change
Assets
Total assets20/58€164,025€158,439€151,520€142,039€138,525▼ 2.5%
Fixed assets21/28€29,567€24,524€19,480€17,799€17,799=
Tangible fixed assets22/27€29,567€24,524€19,480€17,799€17,799=
Land and buildings22-€24,524€19,480€17,799€17,799=
Current assets29/58€134,457€133,915€132,040€124,240€120,727▼ 2.8%
Amounts receivable within one year40/41-€91----
Trade receivables40-€91----
Cash at bank and in hand54/58€134,457€133,824€132,040€124,240€120,727▼ 2.8%
Equity and liabilities
Total equity and liabilities10/49€164,025€158,439€151,520€142,039€138,525▼ 2.5%
Equity10/15€160,692€155,659€147,396€138,087€136,489▼ 1.2%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€142,092€137,059€128,796€119,487€117,889▼ 1.3%
Non-distributable reserves130/1-€7,248€7,248€7,248€7,248=
Reserves not available under the articles1311-€7,248€7,248€7,248€7,248=
Distributable reserves133-€129,811€121,548€112,239€110,641▼ 1.4%
Amounts payable17/49€3,333€2,780€4,125€3,952€2,036▼ 48.5%
Amounts payable within one year42/48€3,333€2,780€4,125€3,952€2,036▼ 48.5%
Trade debts44€348-€1,551€1,607--
Suppliers440/4--€1,551€1,607--
Other amounts payable47/48-€2,780€2,574€2,346€2,036▼ 13.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€7,506-€5,033-€8,263-€9,309-€1,598▲ 82.8%
+ Depreciation and write-downs630€5,044€5,044€5,044€1,681--
Operating cash flow (approximation)-€2,462€10-€3,220-€7,628-€1,598▲ 79.0%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€634-€1,783-€7,800-€3,514▲ 55.0%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
24-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
10-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Weakest financial yearnet -€9,309
Net result drops to -€9,309, the lowest in the series; recovery starts the following year.
26-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
07-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Liquidity times 7current ratio 40.35
Current ratio from 5.38 to 40.35; short-term debt falls from €30,476 to €3,333.
30-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial Back to profitnet €92,919
Net result €92,919 after 2 loss-making years.
30-09
Financial Equity above €150,000Eq €168,198 ▲123%
Equity rises from €75,279 to €168,198.
16-03
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
04-03
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
15-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Geel
exact location from the address register On OpenStreetMap
Ground area
549 m²
Building footprint
329 m²
Volume, LiDAR
3,923 m³
Parcel 13008H0508/00L000, Flanders · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13008H0508/00L000 Flanders 549 m² 1 · 329 m² 16.8 m · 5 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded03-10-1990
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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