Equity
€143,822 from €313,081 in 2017
Equity fell by 54% in 9 years.
TRUDO
Lifetime
20 annual accounts with figures on one time axis, 43 filings since 1984peak €431,329 (2012)
€97,968▲ 1.1%
lowest -€81,305 (2019)
€29,686▲ 1.6%
peak €313,081 (2017)
€143,822▲ 26.0%
€628,581▼ 11.2%
peak 4.9 FTE (2014)
-not published
Board4 names since 2020
1 directorBECAR
Owners
Documentsfilings and deeds
29-06-202663 days before the deadline
2026abbreviated format
Equity from €114,136 to €143,822Cash from €5,852 to €2,550
Key points
from the 2026 annual accountsChecked score
88
Excellent
Financially stronger than 51% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025highest value
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
Liquidity: current ratio 0.02, cash €2,550, halved
lowers risk
Size: total assets €772,403
Founded in 1983
Calculation
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 47, micro). It does better than 35% of them on solvency, 36% on liquidity, 58% on profitability and 77% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-01-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as TRUDO has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of TRUDO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 4,685 companies, not a prediction for TRUDO. 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.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.02 (0.04 in 2025), below 1. Short-term debt is 29.7% and cash 0.3% of total assets. 81.4% of the assets are financed with debt and provisions.
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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.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €143,822
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 29-06-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
63 days early
2025
88 days early
2024
10 days early
2023
on the day
2022
42 days early
2021
on the day
2020
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 42 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-01-2027 year end31-08-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0423733018
New sole director
BECAR appointed, administrateurs actuels resigned · Permanent representative: TROISFONTAINE Bernard Pierre Paul Ghislain · “Toutes opérations se rapportant directement ou indirectement au commerce et à la représentation de bijoux,de…” (deed in French) · General meeting of 12-12-2023 · Gazette deed
Resignations & appointments
General meeting of 28-02-2023 · Gazette deed
3 directors appointed
Becar, Carine Kangiester (managing director) and Ralph Troisfontaine · General meeting of 27-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRUDO Namur | €772,403 | €97,968 | 18.6% | - |
| THALASSA Mol | €897,962 | €118,961 | 76.7% | - |
| PIERRE - YVES Aalst | €763,401 | €143,972 | 85.9% | - |
| YANNUCCI Turnhout | €592,362 | €73,676 | 71.1% | - |
| BRENNER Genk | €691,211 | €64,507 | 80.2% | - |
| STEVEN Torhout | €734,617 | €108,163 | 72.1% | - |
| FIRENZE FASHION Veurne | €901,108 | €128,681 | 74.9% | 1 |
These companies have the same main activity as TRUDO: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €592,000 and €901,000, founded between 1981 and 1996.
Official details
Source: KBO- Status
- Active since 26-01-1983Normal situation
- Activity
- Retail sale of women's outerwearNACE 47711and 2 others
- Joint committee
- 201Independent retail · annual accounts 31-01-2024
- Establishment unit
- 2.022.147.3205000 Namur, since 25-08-1984
- Financial year end
- 31 January
- Peppol
- Reachable since 09-01-2026
Annual accounts to 31-01-2026
- ≈ €480,000estimated
- €772,403▼ 6.0%
- Filing
- Filed on 29-06-2026, 63 days before the end of the filing period
Insights on TRUDO
TRUDO files the abbreviated format. That format states no turnover. The gross margin rose from €97,810 in 2007 to €97,968 in 2026.
BECAR holds 99% of the shares. In July 2022, the Official Gazette published the appointment of Carine Kangiester as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRUDO
- What is the company number of TRUDO?
- The company number of TRUDO is 0423.733.018. The VAT number is the same number with BE in front: BE 0423.733.018.
- Where is TRUDO based?
- The registered office is at Rue Saint-Jacques 26, 5000 Namur.Company details
- What does TRUDO do?
- According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
- What is the legal form of TRUDO?
- TRUDO is a public limited company (NV).
- When was TRUDO founded?
- TRUDO was founded on 26-01-1983.
- Is TRUDO still active?
- Yes, TRUDO is an active enterprise in the KBO register.
- How many employees does TRUDO have?
- TRUDO had an average of 3.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does TRUDO fall under?
- In its 31-01-2024 annual accounts, TRUDO states joint committee 201 (Independent retail).
- What is the turnover of TRUDO?
- The turnover in financial year 2026 is ≈ €480,000. This figure is estimated from the gross margin of €97,968 and 74 comparable companies (NACE 477). It probably lies between €240,000 and €690,000.
- Is TRUDO profitable?
- In financial year 2026, TRUDO made a profit of €29,686.
- Where can I find the annual accounts of TRUDO?
- TRUDO filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of TRUDO due?
- TRUDO must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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