TRUCO
ActiveTRUCO has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.73M and a net result of €1.04M. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 87% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+4
Solvency100=
Growth29=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.2M at 30 days acceptable
Liquidity ample (current ratio 5.48 against 2.94 in 2024; short-term debt: 4.1% and cash: 1.3% of total assets), and 15% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85%
Return on assets
6%
Age of the figures
9 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 19-03-2026, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
44 d early
2023
78 d early
2022
28 d early
2021
12 d early
2020
19 d early
2019
21 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.15M▲ 36.1%
2020 · €1.58M
2018: €2.41M
2019: €1.86M
2020: €1.58M
2018 → 2021
EBIT margin
25.2%▲ 9.8pp
2020 · 15.4%
2018: 36.8%
2019: 26.5%
2020: 15.4%
2018 → 2021
Net result
€1.04M▲ 152%
2024 · €412k
2018: €2.06M
2019: €1.51M
2020: €-276k
2021: €1.98M
2022: €6.45M
2023: €444k
2024: €412k
2018 → 2025
Working capital
€3.19M▲ 42.8%
2024 · €2.24M
2018: €6.24M
2019: €7.35M
2020: €8.36M
2021: €8.10M
2022: €16.12M
2023: €2.27M
2024: €2.24M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.15M-
Equity€25.89M-€32.20M▲ 24.4%€13.73M▼ 57.4%€13.69M▼ 0.3%€14.73M▲ 7.6%
Operating result€541k-€576k▲ 6.4%€362k▼ 37.1%€378k▲ 4.3%€1.23M▲ 226%
Net result€1.98M-€6.45M▲ 226%€444k▼ 93.1%€412k▼ 7.3%€1.04M▲ 152%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 226% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.33M
Fixed assets
€13.42M▼ 9.2%
Current assets
€3.91M▲ 15.4%
Equity and liabilities €17.33M
Equity
€14.73M▲ 7.6%
Provisions
€119k▼ 12.9%
Debt
€2.48M▼ 42.8%
The debt ratio falls from 23.9% to 14.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.06M▲
2024 · €1.14M
Cash flow
€1.87M▲
2024 · €1.18M
Solvency
85.0%▲
2024 · 75.4%
Current ratio
5.48▲
2024 · 2.94
Quick ratio
5.48▲
2024 · 2.94
Debt / equity
0.17▼
2024 · 0.32
ROE
7.0%▲
2024 · 3.0%
ROA
6.0%▲
2024 · 2.3%
Interest coverage
36.54▲
2024 · 18.89
Debt
€2.48M▼
2024 · €4.33M
Debt ≤ 1 year
€713k▼
2024 · €1.15M
Debt > 1 year
€1.77M▼
2024 · €3.16M
Income taxes
€346k▲
2024 · €147k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€18.16M€17.33M▼
Fixed assets21/28€14.78M€13.42M▼
Tangible fixed assets22/27€10.83M€10.06M▼
Land and buildings22€8.51M€8.09M▼
Plant, machinery and equipment23€874k€738k▼
Leasing and similar rights25€1.44M€1.23M▼
Financial fixed assets28€3.95M€3.36M▼
Current assets29/58€3.39M€3.91M▲
Amounts receivable after more than one year29€2.00M€2.00M=
Other amounts receivable291€2.00M€2.00M=
Amounts receivable within one year40/41€240k€76k▼
Trade receivables40€229k€29k▼
Other amounts receivable41€11k€46k▲
Current investments50/53€1.05M€1.60M▲
Cash at bank and in hand54/58€71k€230k▲
Deferred charges and accrued income490/1€25k€852▼
Equity and liabilities
Total equity and liabilities10/49€18.16M€17.33M▼
Equity10/15€13.69M€14.73M▲
Contributions10/11€4.80M€4.80M=
Capital10€4.80M€4.80M=
Issued capital100€4.80M€4.80M=
Reserves13€8.89M€9.93M▲
Non-distributable reserves130/1€480k€480k=
Legal reserve130€480k€480k=
Tax-exempt reserves132€443k€911k▲
Distributable reserves133€7.97M€8.53M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€137k€119k▼
Deferred taxes168€137k€119k▼
Amounts payable17/49€4.33M€2.48M▼
Amounts payable after more than one year17€3.16M€1.77M▼
Financial debts170/4€2.06M€1.70M▼
Other amounts payable178/9€1.10M€70k▼
Amounts payable within one year42/48€1.15M€713k▼
Current portion of amounts payable after more than one year42€403k€365k▼
Trade debts44€211k€168k▼
Suppliers440/4€211k€168k▼
Advances received on contracts in progress46€8k€0▼
Taxes, remuneration and social security45€78k€56k▼
Taxes450/3€78k€56k▼
Other amounts payable47/48€450k€124k▼
Accrued charges and deferred income492/3€18k€153▼
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€767k€831k▲
Other operating charges640/8€238k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.38M€2.07M▲
Operating profit (loss)9901€378k€1.23M▲
Financial income75/76B€223k€189k▼
Recurring financial income75€223k€189k▼
Financial charges65/66B€61k€56k▼
Recurring financial charges65€61k€56k▼
Profit (loss) for the period before taxes9903€541k€1.36M▲
Transfer from deferred taxes780€18k€18k=
Income taxes67/77€147k€346k▲
Profit (loss) for the period9904€412k€1.04M▲
Transfer from tax-exempt reserves789€53k€53k=
Transfer to tax-exempt reserves689-€522k
Profit (loss) for the period to be appropriated9905€465k€568k▲
Appropriation of the result
Profit (loss) to be appropriated9906€465k€568k▲
Transfer to equity691/2€15k€568k▲
To other reserves6921€15k€568k▲
Profit to be distributed694/7€450k€0▼
Return on contributions (dividend)694€450k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €6.45M ▲226%
Net result €6.45M, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.98M
Net result €1.98M after one loss-making year.
31-12
Financial
Equity above €25MEq €25.89M ▲8.3%
Equity rises from €23.91M to €25.89M.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-276k ▼118%
Net result drops to €-276k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 17.62
Current ratio from 3.56 to 17.62; short-term debt falls from €2.87M to €503k.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 3.56
Current ratio from 1.42 to 3.56; short-term debt falls from €14.81M to €2.87M.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
21 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, Hooglede · 1 establishment unit since 2001
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.
Roeselarestraat 1098830 HoogledeGround area
5,869 m²
Building footprint
373 m²
Volume, LiDAR
2,216 m³
Parcel 36006C0769/00A002, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRUCO
since 20012.019.206.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006C0769/00A002 | Flanders | 5,869 m² | 1 · 373 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300T6FIT1NU1V0103
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Of 12,016 companies in sector 68203 we hold annual accounts for 5,982. 1,470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-11-1980
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
68204Real estate activities
70204
71340
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.