Equity
€1.5m ▲ 0.8%
TriNetX Europe has made a profit without a break since 2023.
TriNetX Europe
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2001Gross marginpeak €2.4m (2024)
€2.2m▼ 5.3%
Resultlowest -€121,841 (2019)
€12,352▼ 49.2%
Equitypeak €1.5m (2025)
€1.5m▲ 0.8%
Debts
€776,725▼ 37.4%
Staffpeak 19.2 FTE (2024)
17.8 FTE▼ 7.3%
Board8 names since 2019
3 directorsDamian Mangino and 2 others
Owners4 names in the annual accounts
consolidatesTriNetX, LLC
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Result from €24,296 to €12,3522 directors appointed, 2 resignations, 1 statutory auditor re… 26-09Debts from €1.2m to €776,725
Key points
from the 2025 annual accountsTurnover
≈ €4.9m estimated
The accounts state no turnover.
Liquidity
2.22 was 1.74 in 2024
Short-term debts fell from €1.2m to €769,055.
Filings
24 annual accounts since 2001
The 2019 accounts came 62 days late. The other nine of the last ten were filed on time.
Position in the sector
€2.2m
Higher gross margin than 88% of companies in computer programming and consultancy. Sector median €286,500 · 1,280 companies.
Public support
€1.1m EU contribution
EU research money, mostly HORIZON.
Checked score
94
Excellent
Financially stronger than 53% of small companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 1,168 companies (NACE 62, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: 17.8 FTE, total assets €2.3m
lowers risk
Equity €1.5m (66.1% of total assets)
Founded in 2000
Sector: Computer programming, consultancy and related activities (NACE 62)
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 62, small). It does better than 79% of them on solvency, 50% on liquidity, 50% on profitability and 35% on growth.
The bankruptcy probability was computed on 05-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as TriNetX Europe has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TriNetX Europe itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for TriNetX Europe. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.22 (1.74 in 2024), above the usual 1.5. Short-term debt is 33.6% and cash 9.8% of total assets. 33.9% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
28 days early
2023
37 days early
2022
38 days early
2021
38 days early
2020
39 days early
2019
62 days late
← 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 22 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 23 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
KS
Kundrot Steven
Director, since 27-06-2025
- TriNetX, LLC consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471970128
2 directors appointed, 2 resignations, 1 statutory auditor reappointed
Resignations: BV Illustris (director and managing director) and Gad Lachman (director) · Permanent representatives: Brecht Claerhout and Ruben De Meyer · Appointments: David Voets (director and managing director) and Steve Kundrot (director) · General meeting of 27-06-2025 · Gazette deed
1 director appointed, 3 reappointments
Reappointments: Gad Lachman, BV Illustris and Damian Mangino · Permanent representative: Brecht Claerhout · Appointment: BV Illustris (managing director) · General meeting of 19-06-2024 · Gazette deed
1 director appointed, 1 resignation
Resignation: FRASER Christopher · Appointment: MANGINO Damian · Permanent representatives: Ruben De Meyer, Tom Windeien and Brecht Claerhout · General meeting of 16-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| TriNetX Europe Sint-Martens-Latem | €2.3m | €2.2m | 66.1% | 17.8 |
| SERVICES INFORMATIQUES POUR PROFESSIONNELS Tournai | €2.3m | €1.8m | 49.9% | 19.7 |
| Demonstrate Brussels | €2.5m | €2.2m | -127.2% | 20.3 |
| DELCAMPE INTERNATIONAL Tubize | €2.0m | €2.1m | 52.6% | 21.7 |
| ACOM INFORMATICA BEGELEIDERS Antwerp | €3.0m | €1.6m | 32.0% | 18.4 |
| B-SIDE Tournai | €2.8m | €1.6m | 59.6% | 12.6 |
| OCULAR Wingene | €2.6m | €1.5m | 44.2% | 12.4 |
These companies have the same main activity as TriNetX Europe: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €2m and €3m, founded between 2000 and 2005.
Official details
Source: KBO- Status
- Active since 25-05-2000Normal situation
- Activity
- Other information technology and computer servicesNACE 62900and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.097.412.8859830 Sint-Martens-Latem, since 28-06-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- Total assets
- €2.3m▼ 16.5%
- Employeeson 31-12-2025
- 18▼ 5.3%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on TriNetX Europe
TriNetX Europe has existed since 2000. The gross margin grew from €752,779 in 2006 to €2.2m in 2025 and staff from 8 to 17.8 full-time equivalents.
Solvency rose in 2025 from 54.8% to 66.1% because of the retained profit and lower debts.
In September 2025, the Official Gazette published the appointment of David Voets 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 TriNetX Europe
- What is the company number of TriNetX Europe?
- The company number of TriNetX Europe is 0471.970.128. The VAT number is the same number with BE in front: BE 0471.970.128.
- Where is TriNetX Europe based?
- The registered office is at Kortrijksesteenweg 214, 9830 Sint-Martens-Latem.Company details
- What does TriNetX Europe do?
- According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
- What is the legal form of TriNetX Europe?
- TriNetX Europe is a public limited company (NV).
- When was TriNetX Europe founded?
- TriNetX Europe was founded on 25-05-2000.
- Is TriNetX Europe still active?
- Yes, TriNetX Europe is an active enterprise in the KBO register.
- How many employees does TriNetX Europe have?
- TriNetX Europe had an average of 17.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TriNetX Europe fall under?
- In its 2025 annual accounts, TriNetX Europe states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TriNetX Europe?
- The turnover in financial year 2025 is ≈ €4.9m. This figure is estimated from the gross margin of €2.2m and 158 comparable companies (NACE 62). It probably lies between €3.6m and €6.5m.
- Is TriNetX Europe profitable?
- In financial year 2025, TriNetX Europe made a profit of €12,352.
- Where can I find the annual accounts of TriNetX Europe?
- TriNetX Europe filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TriNetX Europe due?
- TriNetX Europe must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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