TRR
ActiveSummary
The computed 12-month bankruptcy probability of TRR is 1.6% (moderate). The 2024 annual accounts show equity of €167,163 and a net result of €84,604. Equity is growing by ~37.1% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 6.51 against 3.4 in 2023; short-term debt: 15.4% and cash: 81.5% of total assets), and 15.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.6%
Return on assets
42.8%
Age of the figures
21 mo
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 26-06-2026, 35 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
35 d early
2024
27 d late
2023
26 d late
2022
17 d early
2021
6 d early
2020
59 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 July (5 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€84,604▲ 59.8%
2023 · €52,930
Working capital
€167,006▲ 129%
2023 · €73,031
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€25,897▲ 141%-€10,551-€7,031▲ 33.4%€67,593€123,132▲ 82.2%
Net result€20,607within the sector's middle half▲ 155%-€10,611below the sector's middle half-€7,063▲ 33.4%€52,930€84,604▲ 59.8%
Equity€47,303below the sector's middle half▲ 77.2%€36,692below the sector's middle half▼ 22.4%€29,629▼ 19.2%€82,558▲ 179%€167,163▲ 102%
Total assets€65,191below the sector's middle half▲ 69.2%€53,091below the sector's middle half▼ 18.6%€43,001▼ 19.0%€112,999▲ 163%€197,484▲ 74.8%
Debt€17,887▲ 51.2%€16,399▼ 8.3%€13,372▼ 18.5%€30,440▲ 128%€30,321▼ 0.4%
Working capital€22,227within the sector's middle half▲ 1,991%€20,477within the sector's middle half▼ 7.9%€17,884▼ 12.7%€73,031▲ 308%€167,006▲ 129%
Solvency72.6%above the sector's middle half▲ 3.3pp69.1%above the sector's middle half▼ 3.5pp68.9%▼ 0.2pp73.1%▲ 4.2pp84.6%▲ 11.6pp
Current ratio2.24within the sector's middle half▲ 1.152.25within the sector's middle half▲ 0.012.34▲ 0.093.40▲ 1.066.51▲ 3.11
Return on assets (ROA)31.6%above the sector's middle half▲ 10.6pp-20.0%below the sector's middle half▼ 51.6pp-16.4%▲ 3.6pp46.8%▲ 63.3pp42.8%▼ 4.0pp
Staff (FTE)0.1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 82% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €197,484
Fixed assets
€156 ▼ 98.4%
Current assets
€197,328 ▲ 90.7%
Equity and liabilities €197,484
Equity
€167,163 ▲ 102%
Debt
€30,321 ▼ 0.4%
Debt's share of the balance-sheet total falls from 26.9% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€123,503▲
2023 · €68,670
Cash flow
€84,976▲
2023 · €54,006
Debt to equity
0.18▼
2023 · 0.37
ROE
50.6%▼
2023 · 64.1%
Interest coverage
1988.46▲
2023 · 1060.54
Debt ≤ 1 year
€30,321▼
2023 · €30,440
Income taxes
€38,465▲
2023 · €14,599
Staff costs
€123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf 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 bankruptcy probability of 1.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,995 | - | - |
| Remuneration, social security and pensions62 | - | €350 | - | - | €123 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,807 | €4,931 | €4,470 | €1,077 | €371 | ▼ 65.5% |
| Other operating charges640/8 | - | €7,255 | €446 | €586 | €387 | ▼ 33.9% |
| Gross operating margin9900 | €47,269 | €1,985 | -€2,115 | €69,256 | €124,014 | ▲ 79.1% |
| Operating profit (loss)9901 | €25,897 | -€10,551 | -€7,031 | €67,593 | €123,132 | ▲ 82.2% |
| Financial income75/76B | - | €0 | €41 | - | - | - |
| Recurring financial income75 | - | €0 | €41 | - | - | - |
| Financial charges65/66B | - | €61 | €72 | €65 | €62 | ▼ 4.1% |
| Recurring financial charges65 | €51 | €61 | €72 | €65 | €62 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €25,845 | -€10,611 | -€7,063 | €67,529 | €123,069 | ▲ 82.2% |
| Income taxes67/77 | €5,238 | - | - | €14,599 | €38,465 | ▲ 163% |
| Profit (loss) for the period9904 | €20,607 | -€10,611 | -€7,063 | €52,930 | €84,604 | ▲ 59.8% |
| Profit (loss) for the period to be appropriated9905 | €20,607 | -€10,611 | -€7,063 | €52,930 | €84,604 | ▲ 59.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,191 | €53,091 | €43,001 | €112,999 | €197,484 | ▲ 74.8% |
| Formation expenses20 | €538 | €299 | €59 | - | - | - |
| Fixed assets21/28 | €24,537 | €15,916 | €11,686 | €9,528 | €156 | ▼ 98.4% |
| Tangible fixed assets22/27 | €15,402 | €6,781 | €2,551 | €528 | €156 | ▼ 70.4% |
| Plant, machinery and equipment23 | - | €414 | €328 | €242 | €156 | ▼ 35.4% |
| Furniture and vehicles24 | - | €6,367 | €2,223 | €286 | - | - |
| Financial fixed assets28 | €9,135 | €9,135 | €9,135 | €9,000 | - | - |
| Current assets29/58 | €40,115 | €36,876 | €31,257 | €103,471 | €197,328 | ▲ 90.7% |
| Amounts receivable within one year40/41 | €30,612 | €6,447 | €1,938 | €24,945 | €36,452 | ▲ 46.1% |
| Trade receivables40 | - | €6,328 | €1,284 | €24,549 | €30,251 | ▲ 23.2% |
| Other amounts receivable41 | - | €119 | €654 | €396 | €6,200 | ▲ 1,468% |
| Cash at bank and in hand54/58 | €9,019 | €30,354 | €29,318 | €78,526 | €160,876 | ▲ 105% |
| Deferred charges and accrued income490/1 | - | €76 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,191 | €53,091 | €43,001 | €112,999 | €197,484 | ▲ 74.8% |
| Equity10/15 | €47,303 | €36,692 | €29,629 | €82,558 | €167,163 | ▲ 102% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €4,860 | €4,860 | €4,860 | €4,860 | €84,860 | ▲ 1,646% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €3,000 | €3,000 | €3,000 | €83,000 | ▲ 2,667% |
| Profit (loss) carried forward14 | €23,843 | €13,232 | €6,169 | €59,098 | €63,703 | ▲ 7.8% |
| Amounts payable17/49 | €17,887 | €16,399 | €13,372 | €30,440 | €30,321 | ▼ 0.4% |
| Amounts payable within one year42/48 | €17,887 | €16,399 | €13,372 | €30,440 | €30,321 | ▼ 0.4% |
| Trade debts44 | €3,463 | €1,985 | €1,749 | €1,592 | €8,690 | ▲ 446% |
| Suppliers440/4 | - | €1,985 | €1,749 | €1,592 | €8,690 | ▲ 446% |
| Taxes, remuneration and social security45 | - | €3,238 | - | €14,599 | €14,088 | ▼ 3.5% |
| Taxes450/3 | - | €3,238 | - | €14,599 | €14,088 | ▼ 3.5% |
| Other amounts payable47/48 | - | €11,176 | €11,623 | €14,249 | €7,544 | ▼ 47.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,607 | -€10,611 | -€7,063 | €52,930 | €84,604 | ▲ 59.8% |
| + Depreciation and write-downs630 | €5,807 | €4,931 | €4,470 | €1,077 | €371 | ▼ 65.5% |
| Operating cash flow (approximation) | €26,414 | -€5,680 | -€2,593 | €54,006 | €84,976 | ▲ 57.3% |
| Investment in fixed assets (approximation) | - | €3,690 | -€240 | €1,081 | €9,000 | ▲ 733% |
| Change in cash | - | €21,334 | -€1,035 | €49,208 | €82,350 | ▲ 67.4% |
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
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 27 days late
2024
31-12
Financial
Highest result since 2019net €84,604 ▲59.8%
Operating result €123,132, net result €84,604, both a record.
31-12
Financial
Equity above €150,000Eq €167,163 ▲102%
2 profitable years in a row build equity to €167,163.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 26 days late
2023
31-12
Financial
Back to profitnet €52,930
Net result €52,930 after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€10,611
Net result drops to -€10,611, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 59 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.24
Current ratio from 1.09 to 2.24.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
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.
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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, Eupen · 1 establishment unit since 2018
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.
Kaperberg 904700 Eupen1 establishment unit
TRR
since 20182.274.659.106
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 6,313 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52100Warehousing and storage
52250Logistics services
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693815759
Also
9925:BE0693815759
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.