TRYGO
ActiveThe file of TRYGO contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.8% (moderate). The 2024 annual accounts show equity of €10,623 and a net result of €1,277. Equity is shrinking by ~53.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 20% of 9976 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▲+45
Solvency37▲+8
Growth32=
Track record79
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.05 against 1.01 in 2023; short-term debt: 88.4% and cash: 2.2% of total assets), and 88.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.6%
Return on assets
1.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9976 sector peers (2024).
NBB · sector comparisonPosition among 9976 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
29 d late
2022
153 d late
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 53 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€989,145
EBIT margin
-8.3%
Net result
€1,277
2023 · -€82,243
Working capital
€3,716▲ 48.8%
2023 · €2,498
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€989,145
Operating result€45,625-€59,979▲ 31.5%-€81,657€3,685
Net result€35,894-€45,695▲ 27.3%-€82,243€1,277
EBIT margin-8.3%
Equity€45,894-€91,589▲ 99.6%€9,346▼ 89.8%€10,623▲ 13.7%
Total assets€120,707-€169,332▲ 40.3%€235,474▲ 39.1%€91,603▼ 61.1%
Debt€74,813-€77,743▲ 3.9%€226,128▲ 191%€80,980▼ 64.2%
Working capital€38,602-€81,310▲ 111%€2,498▼ 96.9%€3,716▲ 48.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3,685 after a loss of €81,657 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90,454
Fixed assets
€5,759 ▼ 34.7%
Current assets
€84,695 ▼ 62.4%
Equity and liabilities €91,603
Equity
€10,623 ▲ 13.7%
Debt
€80,980 ▼ 64.2%
Debt's share of the balance-sheet total falls from 96.0% to 88.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,741▲
2023 · -€78,920
Cash flow
€4,333▲
2023 · -€79,507
Current ratio
1.05▲
2023 · 1.01
Quick ratio
0.97▲
2023 · 0.92
Debt to equity
7.62▼
2023 · 24.20
ROE
12.0%▲
2023 · -880.0%
ROA
1.4%▲
2023 · -34.9%
Interest coverage
3.00▲
2023 · -131.04
Debt ≤ 1 year
€80,980▼
2023 · €223,013
Income taxes
€170
Staff costs
€381▼
2023 · €1,514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €989,145 | - | - |
| Non-recurring operating income76A | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.1m | - | - |
| Remuneration, social security and pensions62 | €0 | €86 | €1,514 | €381 | ▼ 74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164 | €2,367 | €2,736 | €3,056 | ▲ 11.7% |
| Other operating charges640/8 | €348 | €405 | €919 | €18,998 | ▲ 1,967% |
| Gross operating margin9900 | €46,137 | €62,837 | -€76,487 | €26,119 | ▲ 134% |
| Operating profit (loss)9901 | €45,625 | €59,979 | -€81,657 | €3,685 | ▲ 105% |
| Financial income75/76B | €1 | €333 | €16 | €10 | ▼ 37.6% |
| Recurring financial income75 | €1 | €333 | €16 | €10 | ▼ 37.6% |
| Financial charges65/66B | €31 | €345 | €602 | €2,248 | ▲ 273% |
| Recurring financial charges65 | €31 | €345 | €602 | €2,248 | ▲ 273% |
| Profit (loss) for the period before taxes9903 | €45,594 | €59,967 | -€82,243 | €1,447 | ▲ 102% |
| Income taxes67/77 | €9,700 | €14,273 | - | €170 | - |
| Profit (loss) for the period9904 | €35,894 | €45,695 | -€82,243 | €1,277 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €35,894 | €45,695 | -€82,243 | €1,277 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €120,707 | €169,332 | €235,474 | €91,603 | ▼ 61.1% |
| Formation expenses20 | €1,149 | €1,149 | €1,149 | €1,149 | = |
| Fixed assets21/28 | €6,144 | €9,130 | €8,814 | €5,759 | ▼ 34.7% |
| Tangible fixed assets22/27 | €5,578 | €8,564 | €8,248 | €5,193 | ▼ 37.0% |
| Land and buildings22 | €0 | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | €3,778 | €6,883 | €6,906 | €4,820 | ▼ 30.2% |
| Furniture and vehicles24 | €1,799 | €1,682 | €1,342 | €372 | ▼ 72.3% |
| Financial fixed assets28 | €566 | €566 | €566 | €566 | = |
| Current assets29/58 | €113,415 | €159,052 | €225,511 | €84,695 | ▼ 62.4% |
| Amounts receivable after more than one year29 | €1,978 | €1,978 | €1,978 | €1,978 | = |
| Trade receivables290 | €1,978 | €1,978 | €1,978 | €1,978 | = |
| Stocks and contracts in progress3 | - | €19,036 | €20,600 | €6,322 | ▼ 69.3% |
| Stocks30/36 | - | €19,036 | €8,300 | €6,322 | ▼ 23.8% |
| Contracts in progress37 | - | - | €12,300 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0 | €121,792 | €191,714 | €65,350 | ▼ 65.9% |
| Trade receivables40 | €0 | €121,059 | €154,264 | €33,244 | ▼ 78.4% |
| Other amounts receivable41 | €0 | €734 | €37,450 | €32,106 | ▼ 14.3% |
| Cash at bank and in hand54/58 | €109,329 | €6,060 | €9,461 | €2,015 | ▼ 78.7% |
| Deferred charges and accrued income490/1 | €2,107 | €10,186 | €1,757 | €9,030 | ▲ 414% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €120,707 | €169,332 | €235,474 | €91,603 | ▼ 61.1% |
| Equity10/15 | €45,894 | €91,589 | €9,346 | €10,623 | ▲ 13.7% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €35,894 | €81,589 | -€654 | €623 | ▲ 195% |
| Amounts payable17/49 | €74,813 | €77,743 | €226,128 | €80,980 | ▼ 64.2% |
| Amounts payable within one year42/48 | €74,813 | €77,743 | €223,013 | €80,980 | ▼ 63.7% |
| Financial debts43 | - | €0 | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - |
| Trade debts44 | €39,386 | €19,121 | €159,558 | €41,523 | ▼ 74.0% |
| Suppliers440/4 | €39,386 | €19,121 | €159,558 | €41,523 | ▼ 74.0% |
| Taxes, remuneration and social security45 | €35,182 | €58,621 | €63,455 | €38,427 | ▼ 39.4% |
| Taxes450/3 | €33,182 | €58,621 | €63,455 | €38,427 | ▼ 39.4% |
| Remuneration and social security454/9 | €2,000 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | €245 | €0 | €0 | €1,030 | - |
| Accrued charges and deferred income492/3 | - | - | €3,115 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,894 | €45,695 | -€82,243 | €1,277 | ▲ 102% |
| + Depreciation and write-downs630 | €164 | €2,367 | €2,736 | €3,056 | ▲ 11.7% |
| Operating cash flow (approximation) | €36,058 | €48,062 | -€79,507 | €4,333 | ▲ 105% |
| Investment in fixed assets (approximation) | - | -€5,354 | -€2,420 | €0 | ▲ 100% |
| Change in cash | - | -€103,270 | €3,402 | -€7,446 | ▼ 319% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
13-02
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise de Liège, division Liège · event 10-02-2025
24-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 20-01-2025
2024
31-12
Financial
Back to profitnet €1,277
Net result €1,277 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€82,243
Net result drops to -€82,243, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Highest result since 2021net €45,695 ▲27.3%
Operating result €59,979, net result €45,695, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial 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, Sprimont · 1 establishment unit since 2021
Ground area
2,070 m²
Building footprint
183 m²
Volume, LiDAR
1,620 m³
Parcel 62028A0619/00M000, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TRYGO
since 20212.317.547.754
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62028A0619/00M000 | Wallonia | 2,070 m² | 1 · 183 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VIOLAINE DEVYVER QUAI MARCELLIS 7,
4020 LIEGE 2 |
20-01-2025 → 10-02-2025 |
| Curator | LAURA NICOLINI RUE HAUTE
ROGNAC 169, 4400 FLEMALLE |
20-01-2025 → 10-02-2025 |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 9,500 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
Founded12-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
Contact
E-mail
info@trygo.be
Phone
+32470415905
Scores and ratios are computed by Checked and are not a credit decision.