Truncat
Truncat has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €40k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 20795 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €98k |
| Net result | €40k |
| Better than sector | 65% |
| Active | 7 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 74.3% | 62.9% | |
| Net result | €40k | €27k | |
| Equity | €98k | €74k | |
| Gross operating margin | €59k | €53k | |
| Total assets | €132k | €136k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €58k | €28k | €18k | €33k |
| Net profit | €40k | €19k | €12k | €25k |
| Cash flow | €41k | €20k | €13k | €26k |
| Staff costs | - | - | - | - |
| Income taxes | €16k | €7k | €5k | €7k |
| Dividends | €13k | - | - | - |
| Total assets | €132k | €90k | €71k | €50k |
| Equity | €98k | €71k | €52k | €41k |
| Debt | €34k | €19k | €19k | €9k |
| of which ≤ 1y | €34k | €19k | €19k | €9k |
| of which > 1y | - | - | - | - |
| Working capital | €96k | €70k | €50k | €37k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 3.83 | 4.66 | 3.58 | 4.93 |
| Quick ratio | 3.83 | 4.66 | 3.58 | 4.93 |
| Working capital ratio | 72.7% | 77.6% | 69.6% | 73.8% |
| Solvency | 74.3% | 78.8% | 73.0% | 81.2% |
| Debt / equity | 0.35 | 0.27 | 0.37 | 0.23 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 57.90 | 56.11 | 32.60 | 66.06 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 30.3% | 20.9% | 16.2% | 51.0% |
| ROE | 40.8% | 26.5% | 22.2% | 62.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €132k | €90k | €71k | €50k |
| Fixed assets | 21/28 | €2k | €1k | €2k | €4k |
| Tangible fixed assets | 22/27 | €2k | €1k | €2k | €4k |
| Current assets | 29/58 | €130k | €89k | €69k | €46k |
| Amounts receivable within one year | 40/41 | €19k | €10k | €21k | €8k |
| Cash & bank | 54/58 | €110k | €78k | €47k | €38k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €132k | €90k | €71k | €50k |
| Equity | 10/15 | €98k | €71k | €52k | €41k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €85k | €58k | €43k | €33k |
| Accumulated profits (losses) | 14 | - | - | €-4k | €-5k |
| Amounts payable | 17/49 | €34k | €19k | €19k | €9k |
| Amounts payable within one year | 42/48 | €34k | €19k | €19k | €9k |
| Trade debts payable within one year | 44 | €2k | €8k | €10k | €713 |
| Income statement | |||||
| Gross operating margin | 9900 | €59k | €28k | €18k | €34k |
| Operating result | 9901 | €56k | €26k | €17k | €33k |
| Financial income | 75 | €0 | - | - | - |
| Financial charges | 65 | €1k | €493 | €556 | €506 |
| Result before taxes | 9903 | €55k | €26k | €16k | €32k |
| Income taxes | 67/77 | €16k | €7k | €5k | €7k |
| Net result for the period | 9904 | €40k | €19k | €12k | €25k |
| Result to be appropriated | 9905 | €40k | €19k | €12k | €25k |
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 25-09-2018 |
| Status | Active |
| Postal code | 2018 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1370/00R000 | Flanders | 262 m² | 1 · 76 m² | 30.0 m · 9 fl. |
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.
14-11-2023 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "eenhoofdigheid_declaration",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
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"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Jurgen DE MEUTTER",
"firm_city": null,
"firm_name": "JANSEN, WALLAYS \u0026 DE MEUTTER",
"office_city": "Leuven",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2023-11-14",
"filing_date": "2023-11-10",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2023-10-25",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0705.816.639",
"name_full": "TRUNCAT",
"legal_form": "BV",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"uitgifte van het proces-verbaal",
"geco\u00F6rdineerde versie van de statuten"
],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "BENSCH Jeroen Jozef Armand",
"role": "g\u00E9rant_statutaire",
"n_shares": null,
"share_class": null
}
],
"share_classes_after": [
{
"n_shares": 186,
"class_name": "Gewone Aandelen",
"capital_share_eur": null,
"voting_rights_per_share": 1.0
}
]
}| Legal nameNL | Truncat |