Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
TRAGEL INVEST from Aalst, company number BE0505906171, closed financial year 2025 with a result of € 2,120 after tax. For that financial year TRAGEL INVEST recorded a gross margin of € 922,623 and equity of € -574,474. Compared with financial year 2024, the result moved from € 2,034 to € 2,120. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 3, 2025.
€ -574,474
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,120
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 23,770
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.1 million.
People and assets in 2025
10.5
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 794,342
▼ 3% vs 2024
€ 75,700 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.
€ 18,974
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 759,782
▼ 13% vs 2024
€ 134,423 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 193,147
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 67,990
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 767,285 | € 801,294 | € 939,225 | € 922,623 | ▼ 2% |
| Profit after taxes | € -570,859 | € -859 | € 2,034 | € 2,120 | ▲ 4% |
| Equity | € -577,769 | € -578,628 | € -576,594 | € -574,474 | |
| Total debts | € 1,263,718 | € 1,170,224 | € 1,125,559 | € 1,179,959 | ▲ 5% |
| Cash | € 186,537 | € 143,717 | € 75,983 | € 23,770 | ▼ 69% |
| Retained profit | € -1,127,769 | € -1,128,628 | € -1,126,594 | € -1,124,474 | |
| Bank debt | € 1,000,000 | € 994,413 | € 872,617 | € 759,782 | ▼ 13% |
| Balance sheet total | € 685,949 | € 591,596 | € 548,965 | € 605,486 | ▲ 10% |
| Employees (FTE) | - | 9 | 10.3 | 10.5 | ▲ 0.2 |
Key figures of TRAGEL INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TRAGEL INVEST?
What happened at TRAGEL INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,120 (▲ 4% vs 2024). Source: NBB ↗
- Guy Valckenier became a director. NBB
- Gert Van Cauter became a director. NBB
- Anthony Mallego became a director. NBB
- Kristof De Saedeleer became a director. NBB
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 570,859 loss in 2022 to € 2,120 profit in 2025.
Paid € 20,001 in corporate taxes since 2022.
Best year ever: 2025, with € 2,120 profit.
On average € 87,900 of value added per employee in 2025.
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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 Solid Stones, FONCE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TRAGEL INVESTBehind TRAGEL INVEST are Guy Valckenier, Gert Van Cauter, Anthony Mallego and Kristof De Saedeleer. The shares are held by Solid Stones (9.1%) and FONCE (4.6%).
Directors
According to the 2025 annual accounts
Guy Valckenier
Director
Also active at: Etablissementen Van der Haegen, GARAGE VALCKENIER, A AUTO IMEXSO, VACO-CVO, EUROPE RENT, SUN 5, Carrosserie Valco By Houman, A AUTO - RENT BELGIUM +16 more
since 2021
since 2021
since 2021
Kristof De Saedeleer
Director
since 2021
Shareholders
9.1%
4.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Albrechtlaan 115
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0505.906.171
- VAT number
- BE 0505.906.171
- Registered office
- Albrechtlaan 115, 9300 Aalst
- Names & denominations
- TRAGEL INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2014
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van overige balsportclubs
Organisatie van congressen en beurzen
Overige recreatie- en ontspanningsactiviteiten, neg
Overige sportactiviteiten, neg
Exploitatie van sportaccommodaties