Turnover
The accounts state no turnover.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 39% of them on solvency, 19% on liquidity, 52% on profitability and 73% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,372 companies had the same profile as TRPG has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TRPG itself is higher: 4.2% within 12 months. It rests on far more data about TRPG than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for TRPG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.34 (0.21 in 2023), below 1. Short-term debt is 49.6% and cash 0.1% of total assets. 81.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 29 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TRPG Sint-Truiden | €499,504 | €60,901 | 18.6% | - |
| SPORT CURE TEAM NW Koekelberg | €479,080 | €64,918 | 4.7% | - |
| Absint Staden | €448,602 | €56,259 | 8.1% | - |
| TEAM CATTEEU-NEYRINCK Alveringem | €488,952 | €58,198 | 13.7% | - |
| LEEVN Waregem | €510,120 | €48,062 | -45.8% | - |
| CODINVEST Wommelgem | €593,126 | €70,830 | 91.0% | - |
| HEEMELS VASTGOED Lochristi | €508,057 | €57,939 | 1.2% | - |
These companies have the same main activity as TRPG: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €449,000 and €593,000, founded between 2016 and 2019.
TRPG files the micro format. That format states no turnover. The gross margin fell from €168,347 in 2019 to €60,901 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €79,000. Estimated: probably between €68,000 and €100,000.
Higher than 39% of 19,156 companies in 2024.
Higher than 24% of 18,317 companies in 2024.
Higher than 59% of 18,795 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
499,504 | 486,520 | 496,190 | 504,405 | 838,494 | 718,860 | |
20 |
- | 0 | 61 | 267 | 474 | 681 | |
21/28 |
415,969 | 436,584 | 444,508 | 463,155 | 482,741 | 360,995 | |
22/27 |
415,969 | 436,584 | 444,508 | 463,155 | 482,741 | 360,995 | |
22 |
409,715 | 427,594 | 440,167 | 457,535 | 475,843 | 360,995 | |
23 |
6,253 | 8,991 | 4,341 | 5,620 | 6,898 | - | |
29/58 |
83,535 | 49,935 | 51,621 | 40,983 | 355,279 | 357,184 | |
40/41 |
38,129 | 20,886 | 20,490 | 12,228 | 3,547 | 5,262 | |
40 |
18,636 | 20,369 | 20,490 | 12,228 | 3,547 | 5,262 | |
41 |
19,493 | 517 | - | - | - | - | |
54/58 |
390 | 969 | 2,816 | 461 | 614 | 804 | |
490/1 |
45,017 | 28,080 | 28,315 | 28,294 | 351,118 | 351,118 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
499,504 | 486,520 | 496,190 | 504,405 | 838,494 | 718,860 | |
10/15 |
92,727 | 79,021 | 77,750 | 83,648 | 69,830 | 65,055 | |
10/11 |
18,050 | 18,050 | 18,050 | 18,050 | 50 | 50 | |
10 |
- | - | - | 18,050 | - | - | |
100 |
- | - | - | 18,050 | 50 | 50 | |
11 |
- | - | 18,050 | - | - | - | |
1109/19 |
- | - | 18,050 | - | - | - | |
13 |
78,596 | 78,596 | 78,596 | 80,036 | 82,238 | 86,708 | |
132 |
78,596 | 78,596 | 78,596 | 80,036 | 82,238 | 86,708 | |
14 |
-3,919 | -17,625 | -18,896 | -14,438 | -12,458 | -21,703 | |
16 |
26,199 | 26,199 | 26,199 | 26,678 | 27,412 | 28,903 | |
168 |
26,199 | 26,199 | 26,199 | 26,678 | 27,412 | 28,903 | |
17/49 |
380,579 | 381,301 | 392,241 | 394,079 | 741,252 | 624,902 | |
17 |
132,925 | 143,567 | 160,392 | 140,243 | 477,920 | 381,251 | |
170/4 |
132,925 | 143,567 | 160,392 | 140,243 | 477,920 | 381,251 | |
42/48 |
247,654 | 232,273 | 226,205 | 250,561 | 261,148 | 243,121 | |
42 |
17,472 | 12,834 | 10,233 | 40,488 | 31,309 | 24,805 | |
44 |
37,043 | 25,110 | 3,707 | 1,692 | 22,055 | 16,433 | |
440/4 |
37,043 | 25,110 | 3,707 | 1,692 | 22,055 | 16,433 | |
45 |
0 | 735 | 2,339 | 593 | 265 | 1,238 | |
450/3 |
0 | 735 | 2,339 | 593 | 265 | 1,238 | |
47/48 |
193,139 | 193,595 | 209,926 | 207,788 | 207,519 | 200,645 | |
492/3 |
0 | 5,461 | 5,644 | 3,275 | 2,184 | 530 | |
| Income statement | |||||||
9900 |
60,901 | 47,041 | 21,932 | 30,032 | 58,056 | 168,347 | |
630 |
20,616 | 19,336 | 18,647 | 19,586 | 16,882 | 35,346 | |
640/8 |
18,685 | 18,082 | 207 | 810 | 15,982 | 23,199 | |
66A |
0 | - | - | - | - | - | |
9901 |
21,600 | 9,623 | 3,078 | 9,636 | 25,192 | 109,802 | |
75/76B |
110 | 244 | - | 5 | - | - | |
75 |
110 | 244 | - | 5 | - | - | |
65/66B |
8,004 | 8,594 | 9,456 | 14,557 | 21,908 | 15,894 | |
65 |
8,004 | 8,594 | 9,456 | 14,557 | 21,908 | 15,894 | |
9903 |
13,706 | 1,273 | -6,378 | -4,916 | 3,284 | 93,908 | |
780 |
- | 0 | 480 | 734 | - | - | |
9904 |
13,706 | 1,273 | -5,898 | -4,182 | 4,775 | 65,005 | |
789 |
- | 0 | 1,440 | 2,202 | 4,470 | - | |
689 |
- | - | - | - | - | 86,708 | |
9905 |
13,706 | 1,273 | -4,458 | -1,980 | 9,245 | -21,703 | |
| Appropriation of the result | |||||||
9906 |
-3,919 | -17,625 | -18,896 | -14,438 | -12,458 | -21,703 | |
14P |
-17,625 | -18,898 | -14,438 | -12,458 | - | - | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 30-08-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-08-2025 | 2025-00479189 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00428309 | |
| 31-12-2022 | abbreviated format | 01-07-2023 | 2023-00200430 | |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20355126 | |
| 31-12-2020 | abbreviated format | 26-08-2021 | 2021-58800575 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-67400139 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| 42,216 | 28,959 | 21,725 | 29,222 | 42,074 | 145,148 | ||
| 34,322 | 20,609 | 12,749 | 15,404 | 21,657 | 100,351 | ||
| 0 | 11,353 | 0 | 0 | 138,627 | 631,848 | ||
| -579 | -1,847 | 2,355 | -153 | -190 | - | ||
| -164,118 | -182,338 | -174,584 | -209,578 | 94,131 | 114,063 | ||
| 18.6% | 16.2% | 15.7% | 16.6% | 8.3% | 9.0% | ||
| 0.34 | 0.21 | 0.23 | 0.16 | 1.36 | 1.47 | ||
| 4.10 | 4.83 | 5.04 | 4.71 | 10.62 | 9.61 | ||
| 14.8% | 1.6% | -7.6% | -5.0% | 6.8% | 99.9% | ||
| 2.7% | 0.3% | -1.2% | -0.8% | 0.6% | 9.0% | ||
| 5.27 | 3.37 | 2.30 | 2.01 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €170,625 | €180,731 |
| Mortgages, amount registered | - | - | €590,000 | €590,000 |
| Carrying value of the mortgaged assets | - | - | €440,507 | €180,731 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | €11,353 | - | - |
| €20,616 | €19,336 | €18,647 | €19,586 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 124% higher than in 2023 and the highest since 2020. It is the second rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 78.4% to 76.2%. Equity is higher and debt is lower.
1 other company of this director was judicially dissolved (2025).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
TRPG has no parent and no holdings in its annual accounts. VERBINNEN Lindsay is the only director.
| BD MEDIA
establishment since 15-07-2022 · founded in 2022 · group BELGIAN DISTRIBUTION GROUP |
189 FTE (2025) 0786.479.364 |
| COSKUN
registered office since 24-04-2002 · founded in 2002 |
total assets €9.2m (2025) 0477.428.555 |
| BOUWVOORDEEL
establishment since 01-12-2018 · founded in 2018 |
total assets €1.3m (2024) 0705.966.493 |
| AQUA BATHROOMS
establishment since 25-02-1997 · founded in 1996 · accounts filed late |
total assets €1.0m (2024) 0457.523.462 |
| BTL-IMPEX
registered office since 08-08-2023 · founded in 2023 |
total assets €722,764 (2025) 0804.511.565 |
| GVB EXPRESS
registered office since 13-01-2022 · founded in 2022 · accounts filed late |
total assets €487,470 (2024) 0780.390.536 |
| Genius Invest
registered office since 16-12-2024 · founded in 2024 |
total assets €51,251 (2025) 1017.464.969 |
| Mussen, Danny (sole trader)
establishment since 01-02-2026 |
founded in 2025 1016.718.861 |
| Psychokracht
registered office since 10-09-2025 |
founded in 2025 1027.474.676 |
| Vereniging van mede-eigenaars van residentie TRUDONIS
registered office since 28-06-2023 |
founded in 2023 0800.070.846 |
The connected companies are in the list below.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bedrijvenstraat 5765 registered office 3800 Sint-Truiden | 23-04-2018 | 2.277.613.151 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71009A0062/00D000 | 5,219 m² | 1 · 3,169 m² | 8.3 m · 2 |
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