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TROBOCO CONSTRUCT

Active
Private limited companyfounded 2021active for 5 yearsHoringstraat 34, 9310 Aalst, BelgiumKBO/BCE: BE 0766.837.557
Summary

TROBOCO CONSTRUCT has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,117 and a net result of €178,027. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 11,089 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€400,746total assets 2025
Equity
€130,117
Profit
€178,027
Turnover not published (abbreviated format)
Financial health
98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 32 days early0 of 1 deed read
Why 98lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 1.77, cash €199,857Size: total assets €400,746Figures for financial year 2025 (filed 29-06-2026)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 81% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Strong
Solvency 57+57
equity 32.5% of total assets
Liquidity 72+71
short-term debt 55.1% · cash 49.9%
Profitability 100+100
return on assets 44.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,557 companies, NACE 68, micro)
Last 24 months 11-2024: 1.5%highest value 12-2024: 1.2%▼ -0.3 percentage points vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.1%▼ -0.1 percentage points vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.2%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%● unchanged vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.1%▼ -0.1 percentage points vs 03-2026 05-2026: 1.2%▲ +0.1 percentage points vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -1.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.77, compared with 0.56 in 2024; short-term debt: 55.1% and cash: 49.9% of total assets), but 67.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 51% on solvency, 81% on liquidity, 95% on profitability and 97% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk○neutral
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Liquidity: current ratio 1.77, cash €199,857
NBB · annual accounts
lowers risk · Size: total assets €400,746
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 29-06-2026)
NBB · annual accounts
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 29-06-2026, 32 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
32 days early
2024
31 days early
2023
26 days early
2022
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 29 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Back to profitnet €178,027
  3. Liquidity more than triplescurrent ratio 1.77

Financials · financial year 2025, abbreviated format

Equity
€130,117
2024 · -€47,911
Total assets
€400,746▲ 379%
2024 · €83,591
Net result
€178,027
2024 · -€14,615
Working capital
€170,310
2024 · -€58,423
Trend over the years

2022 to 2025, 4 financial years

The operating result returns to profit in 2025: €190,166 after a loss of €14,501 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€190,166 2025 Net result€178,027 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€71,990--€127,994-€14,501▲ 88.7%€190,166
Net result€48,171within the sector's middle half--€126,466below the sector's middle half-€14,615within the sector's middle half▲ 88.4%€178,027above the sector's middle half
Equity€93,171within the sector's middle half--€33,296below the sector's middle half-€47,911below the sector's middle half▼ 43.9%€130,117within the sector's middle half
Total assets€522,264below the sector's middle half-€110,614below the sector's middle half▼ 78.8%€83,591below the sector's middle half▼ 24.4%€400,746below the sector's middle half▲ 379%
Debt€429,094-€143,910▼ 66.5%€131,501▼ 8.6%€270,630▲ 106%
Working capital€69,776within the sector's middle half--€49,622within the sector's middle half-€58,423within the sector's middle half▼ 17.7%€170,310within the sector's middle half
Solvency17.8%within the sector's middle half--30.1%below the sector's middle half▼ 47.9pp-57.3%below the sector's middle half▼ 27.2pp32.5%within the sector's middle half▲ 89.8pp
Current ratio1.16within the sector's middle half-0.65within the sector's middle half▼ 0.510.56within the sector's middle half▼ 0.101.77within the sector's middle half▲ 1.22
Return on assets (ROA)9.2%above the sector's middle half--114.3%below the sector's middle half▼ 123.6pp-17.5%below the sector's middle half▲ 96.8pp44.4%above the sector's middle half▲ 61.9pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400,746
Fixed assets €9,529 ▼ 9.4%
Current assets €391,217 ▲ 435%
Equity and liabilities €400,746
Equity €130,117
Debt €270,630
Debt finances 67.5% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€196,471▲
2024 · -€8,092
Cash flow
€184,333▲
2024 · -€8,206
Quick ratio
1.10▲
2024 · 0.07
Debt to equity
2.08
ROE
136.8%
Interest coverage
64.63▲
2024 · -67.91
Debt ≤ 1 year
€220,907▲
2024 · €131,501
Income taxes
€9,885
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 26,975 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 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€83,591€400,746▲
Fixed assets21/28€10,513€9,529▼
Tangible fixed assets22/27€10,513€9,529▼
Plant, machinery and equipment23€10,513€9,529▼
Furniture and vehicles24€0-
Current assets29/58€73,078€391,217▲
Stocks and contracts in progress3€63,837€149,018▲
Contracts in progress37€63,837€149,018▲
Amounts receivable within one year40/41€1,833€37,702▲
Trade receivables40€0€37,522▲
Other amounts receivable41€1,833€180▼
Cash at bank and in hand54/58€343€199,857▲
Deferred charges and accrued income490/1€7,065€4,641▼
Equity and liabilities
Total equity and liabilities10/49€83,591€400,746▲
Equity10/15-€47,911€130,117▲
Contributions10/11€45,000€45,000=
Reserves13€48,171€48,171=
Distributable reserves133€48,171€48,171=
Profit (loss) carried forward14-€141,081€36,946▲
Amounts payable17/49€131,501€270,630▲
Amounts payable within one year42/48€131,501€220,907▲
Trade debts44€8,549€0▼
Suppliers440/4€8,549€0▼
Taxes, remuneration and social security45€0€49,828▲
Taxes450/3€0€49,828▲
Other amounts payable47/48€122,953€171,079▲
Accrued charges and deferred income492/3€0€49,723▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,409€6,306▼
Other operating charges640/8€528€740▲
Gross operating margin9900-€7,564€197,211▲
Operating profit (loss)9901-€14,501€190,166▲
Financial income75/76B€5€786▲
Recurring financial income75€5€786▲
Financial charges65/66B€119€3,040▲
Recurring financial charges65€119€3,040▲
Profit (loss) for the period before taxes9903-€14,615€187,912▲
Income taxes67/77-€9,885
Profit (loss) for the period9904-€14,615€178,027▲
Profit (loss) for the period to be appropriated9905-€14,615€178,027▲
Appropriation of the result
Profit (loss) to be appropriated9906-€141,081€36,946▲
Profit (loss) brought forward from the previous period14P-€126,466-€141,081▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,710€6,506€6,409€6,306▼ 1.6%
Other operating charges640/8€1,389€2,212€528€740▲ 40.2%
Gross operating margin9900€83,089-€119,277-€7,564€197,211▲ 2,707%
Operating profit (loss)9901€71,990-€127,994-€14,501€190,166▲ 1,411%
Financial income75/76B€4,153€2,238€5€786▲ 15,723%
Recurring financial income75€4,153€2,238€5€786▲ 15,723%
Financial charges65/66B€10,303€710€119€3,040▲ 2,451%
Recurring financial charges65€10,303€710€119€3,040▲ 2,451%
Profit (loss) for the period before taxes9903€65,841-€126,466-€14,615€187,912▲ 1,386%
Income taxes67/77€17,670€0-€9,885-
Profit (loss) for the period9904€48,171-€126,466-€14,615€178,027▲ 1,318%
Profit (loss) for the period to be appropriated9905€48,171-€126,466-€14,615€178,027▲ 1,318%
Line2022202320242025Change
Assets
Total assets20/58€522,264€110,614€83,591€400,746▲ 379%
Fixed assets21/28€23,428€16,922€10,513€9,529▼ 9.4%
Tangible fixed assets22/27€23,428€16,922€10,513€9,529▼ 9.4%
Plant, machinery and equipment23€23,032€16,772€10,513€9,529▼ 9.4%
Furniture and vehicles24€395€149€0--
Current assets29/58€498,837€93,693€73,078€391,217▲ 435%
Stocks and contracts in progress3€345,160€23,514€63,837€149,018▲ 133%
Contracts in progress37€345,160€23,514€63,837€149,018▲ 133%
Amounts receivable within one year40/41€62,598€51,486€1,833€37,702▲ 1,957%
Trade receivables40€62,598€51,438€0€37,522-
Other amounts receivable41-€48€1,833€180▼ 90.2%
Cash at bank and in hand54/58€91,078€7,912€343€199,857▲ 58,164%
Deferred charges and accrued income490/1-€10,781€7,065€4,641▼ 34.3%
Equity and liabilities
Total equity and liabilities10/49€522,264€110,614€83,591€400,746▲ 379%
Equity10/15€93,171-€33,296-€47,911€130,117▲ 372%
Contributions10/11€45,000€45,000€45,000€45,000=
Reserves13€48,171€48,171€48,171€48,171=
Distributable reserves133€48,171€48,171€48,171€48,171=
Profit (loss) carried forward14--€126,466-€141,081€36,946▲ 126%
Amounts payable17/49€429,094€143,910€131,501€270,630▲ 106%
Amounts payable within one year42/48€429,060€143,315€131,501€220,907▲ 68.0%
Trade debts44€107,666€44,789€8,549€0▼ 100%
Suppliers440/4€107,666€44,789€8,549€0▼ 100%
Taxes, remuneration and social security45€37,283€5,321€0€49,828-
Taxes450/3€37,283€5,321€0€49,828-
Other amounts payable47/48€284,112€93,205€122,953€171,079▲ 39.1%
Accrued charges and deferred income492/3€33€595€0€49,723-
Line2022202320242025Change
Profit (loss) for the period9904€48,171-€126,466-€14,615€178,027▲ 1,318%
+ Depreciation and write-downs630€9,710€6,506€6,409€6,306▼ 1.6%
Operating cash flow (approximation)€57,880-€119,960-€8,206€184,333▲ 2,346%
Investment in fixed assets (approximation)-€0€0-€5,322-
Change in cash--€83,167-€7,569€199,514▲ 2,736%

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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Similar companies · same sector, comparable size

Of the 9,689 companies in this sector, figures are known for 7,459. 5,380 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: not fully processed yet. The notices from February 2018 to September 2026 are still being read.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 16 April 2021, TROBOCO CONSTRUCT was incorporated as a private limited company.1 Total assets went from €522,264 in 2022 to €400,746 in 2025.2

  1. 1KBO (Crossroads Bank for Enterprises)
  2. 2National Bank, annual accounts 2022 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial Back to profitnet €178,027
Net result €178,027 after 2 loss-making years.
31-12
Financial Liquidity more than triplescurrent ratio 1.77
Current ratio from 0.56 to 1.77.
31-12
Financial Equity above €100,000equity €130,117
Equity rises from -€47,911 to €130,117.
30-06
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
05-07
NBB filing Annual accounts filed
financial year 2023 · abbreviated format
2023
31-12
Financial Weakest financial yearnet -€126,466
Net result drops to -€126,466, the lowest in the series; recovery starts the following year.
03-07
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded16-04-2021
Financial year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0766837557
Also 9925:BE0766837557
Registered 09-05-2025

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

Register as of 10 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0766.837.557

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
787 m²
Building footprint
256 m²
Parcel 41039C0072/00G000, Flanders. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Horingstraat 34, 9310 Aalst
Buying and selling of own real estate
since 2021unit no. 2.318.634.253
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
41039C0072/00G000 Flanders 787 m² 1 · 255 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.