Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 9 to 6.5.
Financials
Financial year 2025
TRAMARCO from Brugge, company number BE0444651760, closed financial year 2025 with a result of € -34,376 after tax. For that financial year TRAMARCO recorded revenue of € 1.5 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -42,650 to € -34,376. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 1.7 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,376
▲ 19 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,285
▲ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 684,382.
People and assets in 2025
6.5
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 389,059
▼ 9% vs 2024
€ 59,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 79,023
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 70,616
▲ 8% vs 2024
€ 17,427 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 483,610
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 196 days on average.
€ 79,215
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,552,390 | € 1,435,129 | € 1,594,863 | € 1,466,805 | ▼ 8% |
| Profit after taxes | € -1,991 | € -55,901 | € -42,650 | € -34,376 | ▲ € 8,274 |
| Equity | € 3,472,828 | € 3,416,927 | € 1,724,277 | € 1,689,900 | ▼ 2% |
| Total debts | € 3,200,048 | € 3,035,620 | € 3,517,259 | € 3,612,554 | ▲ 3% |
| Cash | € 55,338 | € 6,697 | € 4,468 | € 8,285 | ▲ 85% |
| Land & buildings | € 867,114 | € 856,065 | € 809,020 | € 800,490 | ▼ 1% |
| Retained profit | € 2,454,064 | € 2,398,163 | € 709,928 | € 684,382 | ▼ 4% |
| Dividend | € 0 | € 0 | € 1,650,000 | € 0 | ▼ 100% |
| Bank debt | € 215,989 | € 176,185 | € 65,484 | € 70,616 | ▲ 8% |
| Balance sheet total | € 6,683,404 | € 6,457,812 | € 5,241,536 | € 5,302,454 | ▲ 1% |
| Employees (FTE) | 9.8 | 9 | 7.8 | 6.5 | ▼ 1.3 |
Key figures of TRAMARCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to TRAMARCO?
What happened at TRAMARCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mercuralia BV stepped down as director. NBB
- Boisseilles BV stepped down as director. NBB
- Rover BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 34,376. Source: NBB ↗
- Mercuralia BV became a director. NBB
- Boisseilles BV became a director. NBB
- Rover BV became a director. NBB
- New establishment in Brugge. KBO
In short
From € 1,991 loss in 2022 to € 34,376 loss in 2025.
Paid € 3,365 in corporate taxes since 2022.
Paid out € 1.7 million in dividends to the owners in total.
Pays suppliers within 196 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BOISSEILLES, MERCURALIA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TRAMARCOThe shares are held by BOISSEILLES (33.3%) and MERCURALIA (33.3%). It owns 100% of Tyles, 100% of Speedexsa and 100% of Promarmol Benelux itself.
Directors
According to the 2025 annual accounts
Director · represented by Fabienne ROYAUX
Also active at: SPEEDEXSA, TYLES, GUPAFA, VILVORDIT NEW
since 2023 · until 2029
Director · represented by Guy ROYAUX
Also active at: SPEEDEXSA, TYLES, GUPAFA, VILVORDIT NEW
since 2023 · until 2029
Director · represented by Paul ROYAUX
Also active at: SPEEDEXSA, TYLES, GUPAFA, VILVORDIT NEW
since 2023 · until 2029
Shareholders
33.3%
33.3%
Participations
Establishments
Establishment units
Physical locations of this company
Pathoekeweg 152
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TELENET-AS, BE
Website info
Features
Security
Details
- Company number
- 0444.651.760
- VAT number
- BE 0444.651.760
- Registered office
- Pathoekeweg 152, 8000 Brugge
- Names & denominations
- TRAMARCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 1991
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- tramarco.be +32 50 45 00 48
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen