TROPIC
ActiveSummary
TROPIC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€492,181) and a net result of -€4,523. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 7 accounts on average 30 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)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.2% 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 2,799 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €39,534 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €10,735 | -€6 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,520 | €16,477 | €16,477 | €13,573 | €13,618 | ▲ 0.3% |
| Other operating charges640/8 | - | €3,311 | €3,234 | €3,356 | €3,065 | ▼ 8.7% |
| Gross operating margin9900 | €52,190 | €46,054 | €5,894 | €13,860 | €12,653 | ▼ 8.7% |
| Operating profit (loss)9901 | €13,372 | €15,531 | -€13,810 | -€3,069 | -€4,030 | ▼ 31.3% |
| Financial income75/76B | - | €17 | - | - | - | - |
| Recurring financial income75 | €10 | €17 | - | - | - | - |
| Financial charges65/66B | - | €702 | €342 | €135 | €213 | ▲ 58.4% |
| Recurring financial charges65 | €1,378 | €702 | €342 | €135 | €213 | ▲ 58.4% |
| Profit (loss) for the period before taxes9903 | €12,004 | €14,846 | -€14,153 | -€3,204 | -€4,244 | ▼ 32.5% |
| Income taxes67/77 | €446 | €452 | €603 | €265 | €279 | ▲ 5.5% |
| Profit (loss) for the period9904 | €11,558 | €14,394 | -€14,755 | -€3,468 | -€4,523 | ▼ 30.4% |
| Profit (loss) for the period to be appropriated9905 | €11,558 | €14,394 | -€14,755 | -€3,468 | -€4,523 | ▼ 30.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408,953 | €370,359 | €337,235 | €326,314 | €295,981 | ▼ 9.3% |
| Fixed assets21/28 | €359,009 | €338,222 | €321,745 | €308,172 | €294,554 | ▼ 4.4% |
| Tangible fixed assets22/27 | €359,009 | €338,222 | €321,745 | €308,172 | €294,554 | ▼ 4.4% |
| Land and buildings22 | - | €335,318 | €321,745 | €308,172 | €294,554 | ▼ 4.4% |
| Furniture and vehicles24 | - | €2,904 | - | - | - | - |
| Current assets29/58 | €49,944 | €32,137 | €15,490 | €18,142 | €1,428 | ▼ 92.1% |
| Stocks and contracts in progress3 | €3,619 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €18,212 | €15,497 | €15,224 | €17,177 | €496 | ▼ 97.1% |
| Other amounts receivable41 | - | €15,497 | €15,224 | €17,177 | €496 | ▼ 97.1% |
| Cash at bank and in hand54/58 | €27,591 | €16,639 | €266 | €965 | €932 | ▼ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408,953 | €370,359 | €337,235 | €326,314 | €295,981 | ▼ 9.3% |
| Equity10/15 | -€483,829 | -€469,434 | -€484,190 | -€487,658 | -€492,181 | ▼ 0.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | - | - |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €15,925 | €15,925 | €15,925 | €15,925 | €15,925 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €14,065 | €14,065 | €14,065 | €14,065 | = |
| Profit (loss) carried forward14 | -€518,353 | -€503,959 | -€518,714 | -€522,183 | -€526,705 | ▼ 0.9% |
| Amounts payable17/49 | €892,781 | €839,793 | €821,425 | €813,972 | €788,162 | ▼ 3.2% |
| Amounts payable after more than one year17 | €48,868 | €43,616 | €43,616 | - | - | - |
| Other amounts payable178/9 | - | €43,616 | €43,616 | - | - | - |
| Amounts payable within one year42/48 | €843,576 | €796,177 | €777,425 | €813,585 | €788,162 | ▼ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €5,252 | - | - | - | - |
| Trade debts44 | €7,273 | €1,066 | €103 | - | €1,109 | - |
| Suppliers440/4 | - | €1,066 | €103 | - | €1,109 | - |
| Taxes, remuneration and social security45 | - | €452 | €603 | €265 | €279 | ▲ 5.5% |
| Taxes450/3 | - | €452 | €603 | €265 | €279 | ▲ 5.5% |
| Other amounts payable47/48 | - | €789,407 | €776,718 | €813,320 | €786,774 | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | - | €384 | €387 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,558 | €14,394 | -€14,755 | -€3,468 | -€4,523 | ▼ 30.4% |
| + Depreciation and write-downs630 | €19,520 | €16,477 | €16,477 | €13,573 | €13,618 | ▲ 0.3% |
| Operating cash flow (approximation) | €31,078 | €30,871 | €1,722 | €10,104 | €9,096 | ▼ 10.0% |
| Investment in fixed assets (approximation) | - | €4,310 | €0 | €0 | €0 | - |
| Change in cash | - | -€10,952 | -€16,373 | €699 | -€33 | ▼ 105% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014E0680/00H004 | Flanders | 594 m² | 1 · 123 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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