TROPICAL CLEANING

Active

Private limited companyfounded 20215 yrs activeLeuvensesteenweg 246, 1932 Zaventem, BelgiumKBO/BCE: BE 0770.918.881

Summary

The computed 12-month bankruptcy probability of TROPICAL CLEANING is 3.1% (moderate). The 2024 annual accounts show equity of €20k and a net result of €-7k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 34% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability21▼-79

Solvency53▼-47

Growth52=

Track record94

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.28 against 6.69 in 2023; short-term debt: 26.8% and cash: 10.7% of total assets), and 72.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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

27.6%

Return on assets

-9.9%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

27 d late

2023

53 d late

2022

23 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€20k▼ 26.3%

2023 · €28k

2022: €18k 2023: €28k

2022 → 2024

Total assets

€74k▲ 127%

2023 · €33k

2022: €28k 2023: €33k

2022 → 2024

Net result

€-7k

2023 · €10k

2022: €18k 2023: €10k

2022 → 2024

Working capital

€5k▼ 80.2%

2023 · €28k

2022: €18k 2023: €28k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€18k-€28k▲ 54.3%€20k▼ 26.3%

Operating result€23k-€14k▼ 41.0%€-4k

Net result€18k-€10k▼ 44.8%€-7k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €4k after €14k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €74k

65.8%

34.2%

Fixed assets €49k ▲ 148,370%

Current assets €25k ▼ 22.2%

Equity and liabilities €74k

27.6%

72.4%

Equity €20k ▼ 26.3%

Debt €54k ▲ 1,003%

Debt's share of the balance-sheet total rises from 14.9% to 72.4%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▼

2023 · €14k

Cash flow

€2k▼

2023 · €10k

Current ratio

1.28▼

2023 · 6.69

Debt to equity

2.63▲

2023 · 0.18

ROE

-35.8%▼

2023 · 35.2%

ROA

-9.9%▼

2023 · 29.9%

Interest coverage

1.70▼

2023 · 31.86

Debt ≤ 1 year

€20k▲

2023 · €5k

Debt > 1 year

€34k

Income taxes

€69▼

2023 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines

Balance sheet Code20232024

Assets

Total assets20/58€33k€74k▲

Fixed assets21/28€33€49k▲

Tangible fixed assets22/27€33€49k▲

Furniture and vehicles24€33€9k▲

Leasing and similar rights25-€39k

Current assets29/58€33k€25k▼

Amounts receivable within one year40/41€23k€17k▼

Trade receivables40€22k€15k▼

Other amounts receivable41€1k€2k▲

Cash at bank and in hand54/58€10k€8k▼

Equity and liabilities

Total equity and liabilities10/49€33k€74k▲

Equity10/15€28k€20k▼

Contributions10/11€300€300=

Profit (loss) carried forward14€27k€20k▼

Amounts payable17/49€5k€54k▲

Amounts payable after more than one year17-€34k

Financial debts170/4-€34k

Amounts payable within one year42/48€5k€20k▲

Current portion of amounts payable after more than one year42-€13k

Trade debts44€1k€3k▲

Suppliers440/4€1k€3k▲

Taxes, remuneration and social security45€4k€4k▲

Taxes450/3€4k€4k▲

Remuneration and social security454/9-€300

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€387€10k▲

Other operating charges640/8-€387

Gross operating margin9900€14k€6k▼

Operating profit (loss)9901€14k€-4k▼

Financial income75/76B€28€97▲

Recurring financial income75€28€97▲

Financial charges65/66B€444€4k▲

Recurring financial charges65€444€4k▲

Profit (loss) for the period before taxes9903€13k€-7k▼

Income taxes67/77€4k€69▼

Profit (loss) for the period9904€10k€-7k▼

Profit (loss) for the period to be appropriated9905€10k€-7k▼

Appropriation of the result

Profit (loss) to be appropriated9906€27k€20k▼

Profit (loss) brought forward from the previous period14P€18k€27k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

27-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 27 days late

2024

31-12

Financial Weakest financial yearnet €-7k ▼175%

Net result drops to €-7k, the lowest in the series.

22-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 53 days late

2023

31-12

Financial Liquidity doublescurrent ratio 6.69

Current ratio from 2.81 to 6.69; short-term debt falls from €10k to €5k.

23-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Zaventem · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Leuvensesteenweg 2461932 Zaventem

Ground area

1,596 m²

Building footprint

753 m²

Volume, LiDAR

5,860 m³

2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

TROPICAL CLEANING

Alsembergsesteenweg 34, 1630 LinkebeekGeneral construction of buildings

since 20212.319.636.818

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22003A0047/00X008	Flanders	1,134 m²	1 · 561 m²	11.6 m · 3 fl.
23078A0472/00L000	Flanders	461 m²	1 · 192 m²	10.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

FULL HOUSE CONSTRUCTION

Vilvoorde · Eq €20,420

SINFIN

BE 0768.815.367

Puurs-Sint-Amands · Eq €20,420

SCHRIJNWERKERIJ DE WILG

Oudsbergen · Eq €20,390

Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,584 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-07-2021

Fiscal year end31-12

Activities, NACEBEL 2025

41001General construction of residential buildings

41002Construction of residential and non-residential buildings

41003General construction of other non-residential buildings

43211General electrical installation work

43212Electrical installation work in industrial facilities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

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