Losses
-€752,965 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
TREVI WALLONIE
Lifetime
17 annual accounts with figures on one time axispeak €147,842 (2010)
€131,639▲ €186,587
lowest -€268,497 (2025)
-€268,497▼ €28,387
peak €1.1m (2024)
€805,309▼ 25.0%
€4.1m▲ 11.7%
peak 6.1 FTE (2017)
4.3 FTE▲ 4.9%
Board16 names since 2009all names
4 directorsBE TYCOON REAL ESTATE & FINANCE and 3 others
Owners5 names in the annual accounts
consolidatesEMERIA Europe SAS
Documentsfilings and deeds
27-10-202688 days late
2025financial year
Gross margin from -€54,948 to €131,639Loss of €268,497Appointment: BRUNO VANDENBOSCH & REVISEUR D'ENTREPRISE SRL (s… 31-12Merger proposal: Trevi Wallonie takes over Honesty Exploitation 12-112 directors appointed, 1 resignation 05-11Equity from €1.1m to €805,309
Key points
from the 2025 annual accountsDebts
€4.1m 84% of the balance sheet
Financial debts 96%Suppliers 3%Taxes and wages 1%
Of this, €148,253 falls due within a year.
Staff
7 employees on 31-12-2025
In 2025, 5 people joined and 3 left.
Liquidity
1.40 was 0.05 in 2024
Short-term debts fell from €3.7m to €148,253.
Filings
17 annual accounts 88 days
Latest accounts filed late: after the legal deadline.
Restructuring
2
2 restructurings since 2025. Latest: branch taken over from HONESTY EXPLOITATION.
Checked score
63
Healthy
Financially stronger than 33% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.2%
01-2025: 6.4%▲ +0.2 percentage points vs 12-2024
02-2025: 6.5%▲ +0.1 percentage points vs 01-2025highest value
03-2025: 6.2%▼ -0.3 percentage points vs 02-2025
04-2025: 6.2%● unchanged vs 03-2025
05-2025: 6.1%▼ -0.1 percentage points vs 04-2025
06-2025: 5.8%▼ -0.3 percentage points vs 05-2025
07-2025: 6.0%▲ +0.2 percentage points vs 06-2025
08-2025: 5.8%▼ -0.2 percentage points vs 07-2025
09-2025: 6.0%▲ +0.2 percentage points vs 08-2025
10-2025: 5.2%▼ -0.8 percentage points vs 09-2025
11-2025: 5.3%▲ +0.1 percentage points vs 10-2025
12-2025: 2.7%▼ -2.6 percentage points vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.8%▲ +0.1 percentage points vs 01-2026
03-2026: 2.7%▼ -0.1 percentage points vs 02-2026
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 2.8%▲ +0.1 percentage points vs 05-2026
07-2026: 2.8%● unchanged vs 06-2026
08-2026: 3.9%▲ +1.1 percentage points vs 07-2026
09-2026: 4.2%▲ +0.3 percentage points vs 08-2026
10-2026: 5.0%▲ +0.8 percentage points vs 09-2026
11-2026: 1.3%▼ -3.7 percentage points vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 88 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.40, cash €105,586
Loss of €268,497, the second in a row (financial year 2025)
Equity €805,309 (16.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 37% of them on solvency, 61% on liquidity, 14% on profitability and 19% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.4 (0.05 in 2024), below the usual 1.5. Short-term debt is 3% and cash 2.1% of total assets. 83.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€268,497
raises risk · 2025 accounts filed 88 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-10-2026, 88 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
88 days late
2024
109 days late
2023
30 days late
2022
31 days late
2021
13 days early
2020
10 days late
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- EMERIA BELGIUM 100%equity €22.4m (2025) · 2025 annual accounts of EMERIA BELGIUM
- EMERIA Europe SAS consolidatesannual accounts 2025
Shares in 1 company, HONESTY EXPLOITATION
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0811617311
Merger: TREVI WALLONIE takes over HONESTY EXPLOITATION
Cancellation of 750 shares · The company holds all the shares of HONESTY EXPLOITATION · General meeting of 24-12-2025 · Gazette deed
Appointment: BRUNO VANDENBOSCH & REVISEUR D'ENTREPRISE SRL (statutory auditor)
General meeting of 17-10-2025 · Gazette deed
Merger proposal: Trevi Wallonie takes over Honesty Exploitation
General meeting of 20-12-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TREVI WALLONIE Brussels | €4.9m | €131,639 | 16.3% | 4.3 |
| FSL INVEST Liège | €7.0m | €171,685 | -2.4% | 3.2 |
| E.Q. Invest Beveren-Kruibeke-Zwijndrecht | €2.6m | €155,884 | -2.3% | 5.7 |
| B&V-Invest Aalst | €3.3m | €322,099 | 53.3% | 5.2 |
| FREYOS Rumst | €3.8m | €179,542 | 90.6% | 2.7 |
| EVERLAND Brussels | €5.1m | €381,327 | 18.0% | 7.9 |
| GOLD INVEST Schaerbeek | €4.2m | €216,041 | 40.7% | 1.5 |
These companies have the same main activity as TREVI WALLONIE: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €2.6m and €7m, founded between 1999 and 2012.
Official details
Source: KBO- Status
- Active since 08-05-2009Normal situation
- Registered office
- 34 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Real estate agency activitiesNACE 68310and 5 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2024
- Establishment units
- 2.182.744.5775000 Namur, since 08-05-2009
- 2.359.338.7201332 Rixensart, since 02-04-2024and 11 others
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €230,000estimated
- €4.9m▲ 3.4%
- Employeeson 31-12-2025
- 7▲ 40.0%
- Filing
- Filed on 27-10-2026
Insights on TREVI WALLONIE
Solvency fell in 2025 from 22.5% to 16.3% because of the loss.
EMERIA BELGIUM holds all the shares. In February 2022, three directors stepped down. In February 2022, the Official Gazette published the appointment of Emeria Benelux as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TREVI WALLONIE
- What is the company number of TREVI WALLONIE?
- The company number of TREVI WALLONIE is 0811.617.311. The VAT number is the same number with BE in front: BE 0811.617.311.
- Where is TREVI WALLONIE based?
- The registered office is at Vilain XIIII-straat 53-55, 1000 Brussels.Company details
- What does TREVI WALLONIE do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of TREVI WALLONIE?
- TREVI WALLONIE is a public limited company (NV).
- When was TREVI WALLONIE founded?
- TREVI WALLONIE was founded on 08-05-2009.
- Is TREVI WALLONIE still active?
- Yes, TREVI WALLONIE is an active enterprise in the KBO register.
- How many employees does TREVI WALLONIE have?
- TREVI WALLONIE had an average of 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TREVI WALLONIE fall under?
- In its 2024 annual accounts, TREVI WALLONIE states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of TREVI WALLONIE?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €131,639 and 32 comparable companies (NACE 68310). It probably lies between €190,000 and €350,000. In financial year 2020 turnover was €718,268.
- Is TREVI WALLONIE profitable?
- In financial year 2025, TREVI WALLONIE made a loss of €268,497.
- Where can I find the annual accounts of TREVI WALLONIE?
- TREVI WALLONIE filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TREVI WALLONIE due?
- TREVI WALLONIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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