Equity
TrueAlign has made a profit in every financial year since 2022.
TrueAlign has made a profit in every financial year since 2022.
The micro format states no turnover.
2025 accounts not filed: deadline was 31-07-2026.
Less equity than 81% of companies in architecture and engineering. Sector median €67,276 · 11,504 companies.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 9 in 1,000 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 71, micro). It does better than 22% of them on solvency, 9% on liquidity, 60% on profitability and 97% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 7,976 companies had the same profile as TrueAlign has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TrueAlign itself: 0.9% within 12 months.
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 7,976 companies, not a prediction for TrueAlign. 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 0.84 (0.46 in 2023), below 1. Short-term debt is 80.5% and cash 13.4% of total assets. 80.5% 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 3 accounts on average 29 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TrueAlign Aalst | €71,335 | €19,611 | 19.5% | - |
| MARIO CONCEPT Sint-Genesius-Rode | €78,120 | €16,597 | 83.2% | - |
| TUINARCHITECT JAN VANDEN BOSSCHE Brecht | €70,591 | €15,051 | 74.3% | - |
| ARchitecture light locus & branding design by GOM Boechout | €92,741 | €19,028 | 57.3% | - |
| BULS Woluwe-Saint-Lambert | €94,177 | €19,286 | 74.8% | - |
| Qinyi Zhang Antwerp | €67,793 | €23,907 | 62.5% | - |
| MKFactoring Arendonk | €97,887 | €19,258 | 49.8% | - |
These companies have the same main activity as TrueAlign: urban planning and landscape architecture (NACE 71113). They are comparable in size and age: total assets between €67,800 and €97,900, founded between 2021 and 2022.
TrueAlign files the micro format. That format states no turnover. The gross margin rose from €4,016 in 2022 to €19,611 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 9 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €97,000. Estimated: probably between €60,000 and €190,000.
Higher than 20% of 11,496 companies in 2024.
Higher than 15% of 11,250 companies in 2024.
Higher than 59% of 11,331 companies in 2024.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
71,335 | 37,682 | 29,751 | |
21/28 |
22,914 | 21,852 | 20,476 | |
22/27 |
22,914 | 21,852 | 20,476 | |
22 |
15,465 | 14,743 | 11,967 | |
23 |
1,160 | 1,569 | 1,094 | |
24 |
4,758 | 5,540 | 7,414 | |
26 |
1,530 | - | - | |
29/58 |
48,421 | 15,830 | 9,275 | |
40/41 |
38,826 | 9,292 | 3,948 | |
40 |
38,460 | 9,292 | 3,948 | |
41 |
366 | - | - | |
54/58 |
9,595 | 6,538 | 5,327 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
71,335 | 37,682 | 29,751 | |
10/15 |
13,936 | 3,352 | 3,210 | |
10/11 |
2,500 | 2,500 | 2,500 | |
13 |
11,436 | 852 | 710 | |
133 |
11,436 | 852 | 710 | |
17/49 |
57,399 | 34,330 | 26,541 | |
42/48 |
57,399 | 34,330 | 24,667 | |
44 |
15,082 | 1,142 | 9,361 | |
440/4 |
15,082 | 1,142 | 9,361 | |
45 |
13,976 | 5,120 | 4,810 | |
450/3 |
13,976 | 1,389 | 2,880 | |
454/9 |
- | 3,731 | 1,929 | |
47/48 |
28,341 | 28,068 | 10,496 | |
492/3 |
- | - | 1,875 | |
| Income statement | ||||
9900 |
19,611 | 6,931 | 4,016 | |
62 |
725 | 3,233 | 352 | |
630 |
3,782 | 3,230 | 2,525 | |
640/8 |
141 | 132 | - | |
9901 |
14,964 | 336 | 1,140 | |
75/76B |
13 | - | 0 | |
75 |
13 | - | 0 | |
65/66B |
139 | 135 | 118 | |
65 |
139 | 135 | 118 | |
9903 |
14,839 | 201 | 1,022 | |
67/77 |
4,254 | 59 | 312 | |
9904 |
10,585 | 142 | 710 | |
9905 |
10,585 | 142 | 710 | |
| Appropriation of the result | ||||
9906 |
10,585 | 142 | 710 | |
691/2 |
10,585 | 142 | 710 | |
6921 |
10,585 | 142 | 710 | |
| Document | ||||
The notes to these accounts have 5 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 29-08-2025.
| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| 18,746 | 3,566 | 3,665 | ||
| 14,366 | 3,372 | 3,235 | ||
| 4,844 | 4,606 | 23,001 | ||
| 3,057 | 1,211 | - | ||
| -8,978 | -18,500 | -15,391 | ||
| 19.5% | 8.9% | 10.8% | ||
| 0.84 | 0.46 | 0.38 | ||
| 4.12 | 10.24 | 8.27 | ||
| 76.0% | 4.2% | 22.1% | ||
| 14.8% | 0.4% | 2.4% | ||
| over 100 | 26.34 | 30.96 |
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 |
|---|---|---|---|
| Tangible fixed assets | €4,844 | €4,606 | €23,001 |
| €3,782 | €3,230 | €2,525 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is nearly 45 times that of 2023 and the highest since 2022. It is a recovery after the fall in 2023.
Debt's share of the balance-sheet total falls from 91.1% to 80.5%. Equity and debt are higher.
TrueAlign has no parent and no holdings in its annual accounts. TrueAlign shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
TrueAlign was incorporated on 2 December 2021 as a private limited company by one natural person, with a starting capital of €2,500.12 The name was changed to TrueAlign in 2025.3 The board currently has 2 members. De Bondt Fredferik has served longest, since 2021.4 Total assets rose from €29,751 in 2022 to €71,335 in 2024.5
| Establishment | Since | Unit number |
|---|---|---|
| Huizekensstraat 35 registered office 9310 Aalst 62200 Computer consultancy and computer facilities management | 02-12-2021 | 2.324.651.124 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41039B0180/00D000 | 1,524 m² | 1 · 182 m² | 6.2 m · 1 |
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