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 1 of the last 4 fiscal years.
Financials
Financial year 2025
TR 11 from Tielt, company number BE0874542102, closed financial year 2025 with a result of € -250,641 after tax. For that financial year TR 11 recorded a gross margin of € -152,892 and equity of € -180,044. Compared with financial year 2024, the result moved from € 13,277 to € -250,641. The company made a loss. 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 August 21, 2026.
€ -180,044
▼ € 250,641 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -250,641
▼ still € 13,277 profit in 2024
Profit after tax over the fiscal year.
€ 1.9 million
▲ € 1.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -220,644.
Debts at end 2025
€ 1.2 million
▲ € 982,057 vs 2024
€ 65,496 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 61,380
▲ € 59,811 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.9 million
▲ € 1.9 million vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 25,228 | € 80,714 | € 62,566 | € -152,892 | ▼ € 215,458 |
| Profit after taxes | € -21,688 | € 38,407 | € 13,277 | € -250,641 | ▼ € 263,918 |
| Equity | € 18,912 | € 57,319 | € 70,596 | € -180,044 | ▼ € 250,641 |
| Total debts | € 352,069 | € 293,932 | € 230,381 | € 3,273,778 | ▲ € 3 million |
| Cash | € 15,837 | € 12,560 | € 4,296 | € 1,938,252 | ▲ € 1.9 million |
| Land & buildings | € 335,792 | € 306,861 | € 278,543 | € 1,155,482 | ▲ € 876,940 |
| Retained profit | € -21,688 | € 16,719 | € 29,996 | € -220,644 | ▼ € 250,641 |
| Bank debt | € 304,495 | € 245,790 | € 175,434 | € 1,157,491 | ▲ € 982,057 |
| Balance sheet total | € 370,981 | € 351,251 | € 300,977 | € 3,093,734 | ▲ € 2.8 million |
Key figures of TR 11, 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 July 2027.
What happened to TR 11?
What happened at TR 11 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 250,641 (▼ € 263,918 vs 2024). filed late Source: NBB ↗
- Dupro NV became a director. NBB
- Relion NV became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,688 loss in 2022 to € 250,641 loss in 2025.
Paid € 4,056 in corporate taxes since 2022.
Best year ever: 2023, with € 38,407 profit.
A new publication or filing at TR 11? We notify you, reason included.
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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 MC BOUW, FASTIMMO, DUPRO, RELION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TR 11Behind TR 11 are Dupro NV and Relion NV. The shares are held by MC BOUW (50%), FASTIMMO (50%), DUPRO (50%) and RELION (50%).
Directors
According to the 2025 annual accounts
Director · represented by Carmen Bekaert
Also active at: WG 625, ENTER GREEN AVENUE, GRAAF JANSDIJK CONSTRUCT, BLOMFIELD RESIDENCE
since 2025
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ingelmunstersteenweg 23
8760 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →TUK TUK
€ 7,507 gross margin · 2025
RELION same network
€ 930,855 gross margin · 2025
4C-Group
€ 119,988 gross margin · 2025
WG 625 same network
€ 112,333 gross margin · 2025
TORH
€ 279,071 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0874.542.102
- VAT number
- BE 0874.542.102
- Registered office
- Ingelmunstersteenweg 23, 8760 Tielt
- Names & denominations
- TR 11
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 2005
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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