Equity
T.DIFFUSION has made a profit without a break since 2020.
T.DIFFUSION has made a profit without a break since 2020.
The result fell in 2025 from €289,496 to €141,001.
Of this, €1.1m falls due within a year.
Short-term debts rose from €850,650 to €1.1m.
Six of the last ten came late. The 2017 accounts came latest: 70 days after the end of the period.
Lower solvency than 84% of companies in human health. Sector median 58.0% · 783 companies.
The dashed line is the sector median: < 0.1% across 84 companies (NACE 86, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 86, medium-sized). It does better than 14% of them on solvency, 44% on liquidity, 23% on profitability and 94% 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).
Liquidity is insufficient, with a current ratio of 0.84 (0.29 in 2024), below 1. Short-term debt is 9.3% and cash 0.4% of total assets. 89.3% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| T.DIFFUSION Nivelles | €11.7m | €1.0m | 10.7% | - |
| Vlaamse Vereniging voor Respiratoire Gezondheidszorg en Tuberculosebestrijding Leuven | €8.0m | €2.5m | 81.4% | 26.4 |
| LA RESIDENCE LE PIC - AU - VENT Tournai | €11.8m | €3.2m | 11.1% | 39.6 |
| AGENCE EUROPEENNE POUR LE DEVELOPPEMENT ET LA SANTE Brussels | €3.9m | €1.0m | 39.1% | 6.5 |
| Permanence Soins àDomicile Namur | €9.3m | €3.5m | 85.5% | 34.4 |
| ORTHEVAL Rixensart | €3.3m | €0.7m | 76.8% | - |
| Allucent (Belgium) Scherpenheuvel-Zichem | €11.8m | €0.5m | 9.7% | - |
These companies have the same main activity as T.DIFFUSION: nutrition and dietetics services (NACE 86995). They are comparable in size and age: total assets between €3.3m and €12m, founded between 1981 and 2004.
T.DIFFUSION has existed since 1977. The present size dates from 2018. The gross margin rose that year from €204,259 to €1.0m.
Trenker HoldCo holds all the shares. In July 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €900,000. Estimated: probably between €820,000 and €1.3m.
Higher than 16% of 783 companies in 2025.
Higher than 15% of 770 companies in 2025.
Higher than 24% of 775 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
Total assets20/58 |
11.7m | 11.9m | 5.6m | 6.1m | 6.6m | 7.9m | 8.7m | 10.4m | 11.2m | 3.7m | 1.9m | 1.8m | 1.9m | 1.9m | 1.8m | 1.3m | 1.5m | 1.5m | 1.6m | 1.7m | |
Fixed assets21/28 |
10.8m | 11.6m | 5.6m | 5.7m | 6.5m | 7.6m | 8.5m | 9.5m | 10.0m | 3.7m | 486,100 | 551,120 | 631,052 | 708,768 | 765,498 | 810,909 | 1.1m | 1.0m | 1.2m | 1.3m | |
Tangible fixed assets22/27 |
3.1m | 3.9m | 4.8m | 5.7m | 6.5m | 7.5m | 8.4m | 9.5m | 9.9m | 3.6m | 486,100 | 548,336 | 611,800 | 673,969 | 715,967 | 747,182 | 794,462 | 847,814 | 901,164 | 969,398 | |
Land and buildings22 |
3.1m | 3.9m | 4.8m | 5.7m | 6.5m | 7.5m | 8.4m | 9.5m | 9.9m | 958,330 | 477,711 | 531,061 | 584,411 | 637,762 | 691,112 | 741,112 | 794,462 | 847,814 | 901,164 | 954,514 | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | - | - | - | - | - | 4,538 | 10,593 | 16,649 | 22,704 | 6,070 | - | - | - | - | |
Furniture and vehicles24 |
- | - | - | - | - | - | - | - | - | - | 8,389 | 12,737 | 16,796 | 19,558 | 2,151 | - | - | - | - | 14,884 | |
Assets under construction and advance payments27 |
- | - | - | 24,332 | - | - | - | 34,000 | - | 2.7m | - | - | - | - | - | - | - | - | - | - | |
Financial fixed assets28 |
7.7m | 7.7m | 780,000 | - | 26,700 | 26,700 | 26,700 | 26,700 | 26,700 | 26,700 | - | 2,784 | 19,252 | 34,799 | 49,531 | 63,727 | 262,228 | 162,618 | 257,854 | 284,306 | |
Current assets29/58 |
911,984 | 244,613 | 51,201 | 403,189 | 92,600 | 390,329 | 208,393 | 852,919 | 1.2m | 10,145 | 1.4m | 1.3m | 1.3m | 1.2m | 1.0m | 526,919 | 431,734 | 500,720 | 455,284 | 430,512 | |
Amounts receivable after more than one year29 |
- | - | - | - | - | - | - | - | - | - | 250,000 | 275,000 | 300,000 | 300,000 | 300,000 | - | - | 48,000 | 48,000 | 48,000 | |
Other amounts receivable291 |
- | - | - | - | - | - | - | - | - | - | 250,000 | 275,000 | 300,000 | 300,000 | 300,000 | - | - | 48,000 | 48,000 | 48,000 | |
Amounts receivable within one year40/41 |
3,742 | 11 | 931 | 62,846 | 50 | 69,477 | 2,868 | 567,239 | 1.1m | 9,669 | 1.1m | 910,983 | 941,957 | 872,961 | 680,627 | 489,354 | 230,316 | 403,714 | 276,343 | 334,039 | |
Trade receivables40 |
- | - | - | - | - | - | - | - | 2,069 | 794 | 1.0m | 859,231 | 924,930 | 799,910 | 596,895 | 462,810 | 160,314 | 317,013 | 179,996 | 272,206 | |
Other amounts receivable41 |
3,742 | 11 | 931 | 62,846 | 50 | 69,477 | 2,868 | 567,239 | 1.1m | 8,875 | 45,400 | 51,752 | 17,027 | 73,051 | 83,732 | 26,544 | 70,002 | 86,701 | 96,347 | 61,833 | |
Cash at bank and in hand54/58 |
48,758 | 92,079 | 37,940 | 340,343 | 92,550 | 120,852 | 5,525 | 85,680 | 77,042 | 476 | 34,668 | 65,977 | 15,992 | 19,566 | 24,832 | 37,565 | 181,758 | 49,006 | 107,682 | 21,975 | |
Deferred charges and accrued income490/1 |
859,484 | 152,523 | 12,330 | - | - | 200,000 | 200,000 | 200,000 | - | - | 1,086 | - | 166 | 1,460 | - | - | 19,660 | - | 23,259 | 26,498 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
Total equity and liabilities10/49 |
11.7m | 11.9m | 5.6m | 6.1m | 6.6m | 7.9m | 8.7m | 10.4m | 11.2m | 3.7m | 1.9m | 1.8m | 1.9m | 1.9m | 1.8m | 1.3m | 1.5m | 1.5m | 1.6m | 1.7m | |
Equity10/15 |
1.3m | 835,804 | 658,819 | 438,533 | 550,712 | -492,962 | -452,869 | -85,978 | 272,280 | 346,923 | 633,026 | 632,474 | 632,424 | 601,079 | 521,527 | 519,830 | 463,070 | 437,984 | 503,733 | 489,255 | |
Contributions10/11 |
207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | |
Capital10 |
207,944 | 207,944 | 207,944 | 207,944 | 207,944 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Issued capital100 |
207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | 207,944 | |
Revaluation surpluses12 |
- | - | - | - | - | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m | |
Reserves13 |
532,597 | 532,597 | 532,597 | 532,597 | 532,597 | 532,597 | 532,597 | 532,597 | 532,597 | 532,597 | 620,795 | 20,795 | 20,795 | 20,795 | 20,795 | 19,400 | 12,000 | 10,500 | 10,500 | 9,700 | |
Non-distributable reserves130/1 |
20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 20,795 | 19,400 | 12,000 | 10,500 | 10,500 | 9,700 | |
Distributable reserves133 |
511,802 | 511,802 | 511,802 | 511,802 | 511,802 | 511,802 | 511,802 | 511,802 | 511,802 | 511,802 | 600,000 | - | - | - | - | - | - | - | - | - | |
Profit (loss) carried forward14 |
-24,176 | -165,177 | -454,673 | -787,470 | -787,802 | -2.3m | -2.4m | -2.2m | -1.9m | -793,618 | -595,713 | -596,265 | -596,315 | -627,660 | -707,212 | -707,514 | -756,874 | -780,460 | -714,711 | -728,389 | |
Investment grants15 |
534,560 | 260,440 | 372,951 | 485,462 | 597,973 | 710,484 | 822,995 | 935,506 | 1.0m | - | - | - | - | - | - | - | - | - | - | - | |
Provisions and deferred taxes16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,674 | 18,674 | 18,674 | |
Provisions for liabilities and charges160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,674 | 18,674 | 18,674 | |
Amounts payable17/49 |
10.4m | 11.0m | 5.0m | 5.6m | 6.0m | 8.4m | 9.1m | 10.5m | 10.9m | 3.3m | 1.2m | 1.2m | 1.3m | 1.3m | 1.2m | 817,998 | 1.0m | 1.1m | 1.1m | 1.2m | |
Amounts payable after more than one year17 |
9.3m | 10.1m | 4.5m | 4.9m | 5.4m | 5.8m | 6.3m | 7.0m | 7.0m | 1.6m | - | - | 8,242 | 8,242 | 8,242 | 8,242 | 380,083 | 380,083 | 393,610 | 472,154 | |
Financial debts170/4 |
9.3m | 10.1m | 4.5m | 4.9m | 5.4m | 5.8m | 6.0m | 6.4m | 7.0m | 1.6m | - | - | - | - | - | - | - | - | - | - | |
Other amounts payable178/9 |
- | - | - | - | - | - | 286,000 | 572,000 | - | - | - | - | 8,242 | 8,242 | 8,242 | 8,242 | 380,083 | 380,083 | 393,610 | 472,154 | |
Amounts payable within one year42/48 |
1.1m | 850,650 | 472,008 | 470,086 | 642,302 | 2.6m | 2.8m | 3.4m | 3.9m | 1.7m | 1.2m | 1.2m | 1.2m | 1.3m | 1.2m | 809,756 | 645,271 | 674,411 | 697,471 | 698,975 | |
Current portion of amounts payable after more than one year42 |
746,667 | 746,667 | 445,664 | 436,888 | 428,155 | 419,596 | 415,200 | 407,074 | - | - | - | - | - | - | - | - | - | - | - | 14,171 | |
Financial debts43 |
- | 25,356 | - | - | - | 1.7m | 2.0m | 2.7m | 3.1m | 606,396 | 469,811 | 509,767 | 537,080 | 549,735 | 504,122 | 156,354 | 174,095 | 192,618 | 250,672 | 236,542 | |
Credit institutions430/8 |
- | 25,356 | - | - | - | 1.7m | 2.0m | 2.7m | 3.1m | 606,396 | 469,811 | 509,767 | 537,080 | 549,735 | 504,122 | 156,354 | 174,095 | 192,618 | 250,672 | 236,542 | |
Trade debts44 |
304,212 | 1,680 | 1,650 | 33,198 | 1,500 | 9,935 | 31,158 | 40,054 | 391,999 | 1.0m | 120,913 | 108,713 | 125,183 | 136,060 | 143,876 | 105,735 | 97,915 | 127,910 | 87,965 | 86,530 | |
Suppliers440/4 |
304,212 | 1,680 | 1,650 | 33,198 | 1,500 | 9,935 | 31,158 | 40,054 | 391,999 | 1.0m | 120,913 | 108,713 | 125,183 | 136,060 | 143,876 | 105,735 | 97,915 | 127,910 | 87,965 | 86,530 | |
Taxes, remuneration and social security45 |
21,499 | 46,193 | 24,694 | - | 26,647 | - | - | - | - | - | 573,480 | 552,126 | 538,238 | 558,637 | 507,812 | 456,665 | 372,259 | 352,880 | 358,207 | 361,105 | |
Taxes450/3 |
21,499 | 46,193 | 24,694 | - | 26,647 | - | - | - | - | - | 187,972 | 179,793 | 154,972 | 161,125 | 139,435 | 167,859 | 103,912 | 106,839 | 117,100 | 111,925 | |
Remuneration and social security454/9 |
- | - | - | - | - | - | - | - | - | - | 385,508 | 372,333 | 383,266 | 397,512 | 368,377 | 288,806 | 268,347 | 246,041 | 241,107 | 249,180 | |
Other amounts payable47/48 |
10,000 | 30,754 | - | - | 186,000 | 486,000 | 382,000 | 311,630 | 437,000 | 18,000 | 55,000 | - | 48,000 | 49,002 | 85,002 | 91,002 | 1,002 | 1,003 | 627 | 627 | |
Accrued charges and deferred income492/3 |
29,436 | 113,415 | - | 240,000 | 13,610 | 23,445 | - | 25,629 | - | - | - | - | - | - | 376 | - | - | - | 814 | 5,158 | |
| Income statement | |||||||||||||||||||||
Non-recurring operating income76A |
- | - | - | - | 1.3m | 33,117 | - | 2,180 | - | - | - | - | - | - | - | 2,435 | 36,805 | 19,500 | 50,590 | - | |
Gross operating margin9900 |
1.0m | 1.3m | 1.2m | 1.1m | 2.5m | 1.1m | 971,776 | 1.0m | 204,259 | -4,717 | 2.9m | 3.0m | 3.1m | 3.1m | 2.7m | 2.4m | 2.1m | 2.1m | 1.9m | 1.9m | |
Remuneration, social security and pensions62 |
- | - | - | - | - | - | - | - | - | - | 2.8m | 2.9m | 2.9m | 2.8m | 2.5m | 2.1m | 2.0m | 2.0m | 1.8m | 1.8m | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
874,464 | 871,636 | 871,636 | 869,773 | 858,685 | 912,619 | 1.2m | 1.1m | 1.1m | 124,790 | 65,115 | 66,640 | 65,871 | 64,945 | 56,772 | 54,868 | 53,350 | 53,350 | 68,234 | 68,234 | |
Provisions for liabilities and charges: additions (uses and reversals)635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -18,674 | - | - | 18,674 | |
Other operating charges640/8 |
100 | 27,582 | - | - | 1,118 | 16,007 | 15,781 | 84 | 71 | - | 1,590 | 89 | 554 | 162 | 805 | 788 | 792 | 5,844 | 32,454 | 1,258 | |
Non-recurring operating charges66A |
- | - | - | 240,000 | - | - | - | - | 188,354 | - | 50 | - | 123 | - | 50 | 370 | 150 | 79,112 | - | 876 | |
Operating profit (loss)9901 |
146,538 | 351,198 | 338,211 | 2,058 | 1.6m | 132,912 | -207,371 | -123,147 | -1.1m | -129,507 | 49,483 | 29,068 | 129,642 | 203,319 | 130,193 | 206,388 | 62,303 | 69,973 | 24,272 | 92,528 | |
Financial income75/76B |
482,617 | 354,038 | 124,841 | 112,511 | 112,530 | 112,511 | 112,511 | 112,511 | 81,984 | 2,040 | 8,665 | 13,511 | 12,471 | 16,009 | 8,210 | 3,029 | 8,948 | 13,477 | 8,030 | 11,930 | |
Recurring financial income75 |
482,617 | 354,038 | 124,841 | 112,511 | 112,530 | 112,511 | 112,511 | 112,511 | 81,984 | 2,040 | 8,665 | 13,511 | 12,471 | 16,009 | 8,210 | 3,029 | 8,948 | 13,477 | 8,030 | 11,930 | |
Financial charges65/66B |
439,895 | 319,241 | 105,561 | 114,237 | 142,046 | 173,005 | 159,520 | 235,112 | 143,316 | 70,438 | 8,487 | 14,950 | 13,633 | 17,033 | 10,492 | 6,212 | 9,755 | 17,739 | 17,432 | 17,903 | |
Recurring financial charges65 |
439,895 | 319,241 | 105,561 | 114,237 | 142,046 | 173,005 | 159,520 | 235,112 | 143,316 | 70,438 | 8,487 | 14,950 | 13,633 | 17,033 | 10,492 | 6,212 | 9,755 | 17,739 | 17,432 | 17,903 | |
Profit (loss) for the period before taxes9903 |
189,260 | 385,995 | 357,491 | 332 | 1.6m | 72,418 | -254,380 | -245,748 | -1.1m | -197,905 | 49,611 | 27,629 | 128,357 | 202,295 | 127,861 | 205,270 | 98,151 | 6,099 | 65,460 | 85,679 | |
Income taxes67/77 |
48,259 | 96,499 | 24,694 | - | 26,647 | - | - | - | - | - | 49,059 | 27,579 | 49,012 | 74,743 | 42,164 | 58,510 | 73,065 | 71,848 | 50,982 | 62,380 | |
Profit (loss) for the period9904 |
141,001 | 289,496 | 332,797 | 332 | 1.6m | 72,418 | -254,380 | -245,748 | -1.1m | -197,905 | 552 | 50 | 79,345 | 127,552 | 85,697 | 146,760 | 25,086 | -65,749 | 14,478 | 23,299 | |
Profit (loss) for the period to be appropriated9905 |
141,001 | 289,496 | 332,797 | 332 | 1.6m | 72,418 | -254,380 | -245,748 | -1.1m | -197,905 | 552 | 50 | 79,345 | 127,552 | 85,697 | 146,760 | 25,086 | -65,749 | 14,478 | 23,299 | |
| Appropriation of the result | |||||||||||||||||||||
Profit (loss) to be appropriated9906 |
-24,176 | -165,177 | -454,673 | -787,470 | -787,802 | -2.3m | -2.4m | -2.2m | -1.9m | -793,618 | -595,713 | -596,265 | -548,315 | -579,660 | -621,817 | -610,114 | -755,374 | -780,460 | -713,911 | -727,189 | |
Profit (loss) brought forward from the previous period14P |
-165,177 | -454,673 | -787,470 | -787,802 | -2.3m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,395 | 7,400 | 1,500 | - | 800 | 1,200 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,395 | 7,400 | 1,500 | - | 800 | 1,200 | |
Profit to be distributed694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 48,000 | 48,000 | 84,000 | 90,000 | - | - | - | - | |
Directors or managers695 |
- | - | - | - | - | - | - | - | - | - | - | - | 48,000 | 48,000 | 84,000 | 90,000 | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
Average staff (FTE)9087 |
- | - | - | - | - | - | - | - | - | - | 38.8 | 39.3 | 41.6 | 43.7 | 42.1 | 33.2 | 31.3 | 31.5 | 30.6 | 29.8 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | 59,062 | 62,068 | 64,819 | 65,732 | 64,386 | 50,504 | 48,683 | 49,912 | 48,615 | 46,466 | |
| Document | |||||||||||||||||||||
The accounts for 28 older financial years (1978-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00243892 | |
| 31-12-2024 | full format | 01-08-2025 | 2025-00347776 | |
| 31-12-2023 | full format | 20-06-2024 | 2024-00144779 | |
| 31-12-2022 | full format | 20-06-2023 | 2023-00142389 | |
| 31-12-2021 | full format | 03-08-2022 | 2022-20265677 | |
| 31-12-2020 | full format | 20-08-2021 | 2021-51900547 | |
| 31-12-2019 | full format | 11-09-2020 | 2020-52800356 | |
| 31-12-2018 | full format | 15-07-2019 | 2019-33400394 | |
| 31-12-2017 | full format | 09-10-2018 | 2018-69000385 | |
| 31-12-2016 | full format | 03-10-2017 | 2017-66000482 | |
| 31-12-2015 | full format | 19-07-2016 | 2016-33400430 | |
| 31-12-2014 | full format | 04-01-2016 | 2016-00200092 | |
| 31-12-2013 | full format | 16-09-2014 | 2014-58700353 | |
| 31-12-2012 | full format | 17-10-2013 | 2013-63300151 | |
| 31-12-2011 | full format | 17-10-2012 | 2012-61100496 | |
| 31-12-2010 | full format | 23-11-2011 | 2011-61600298 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-50200258 | |
| 31-12-2008 | full format | 25-11-2009 | 2009-86400056 | |
| 31-12-2007 | full format | 19-02-2009 | 2009-05300007 | |
| 31-12-2006 | full format | 28-12-2007 | 2007-85300278 | |
| 31-12-2005 | full format | 26-10-2006 | 2006-85004398 | |
| 31-12-2004 | full format | 09-03-2006 | 2006-06804448 | |
| 31-12-2003 | full format | 18-01-2005 | 2005-02001893 | |
| 31-12-2002 | full format | 29-01-2004 | 2004-03003003 | |
| 31-12-2001 | full format | 18-11-2002 | 2002-72103510 | |
| 31-12-2000 | full format | 05-04-2002 | 2002-09000804 | |
| 31-12-1999 | full format | 11-10-2000 | 2000-63804357 | |
| 31-12-1998 | full format | 08-12-1999 | 1999-62300821 | |
| 31-12-1997 | full format | 18-11-1998 | 1998-57903331 | |
| 31-12-1996 | full format | 19-01-1998 | 1998-01300080 | |
| 31-12-1995 | full format | 30-07-1996 | 1996-38102345 | |
| 31-12-1994 | full format | 28-08-1995 | 1995-46901633 | |
| 31-12-1993 | full format | 12-09-1994 | 1994-39300574 | |
| 31-12-1992 | full format | 06-12-1993 | 1993-44902964 | |
| 31-12-1991 | full format | 14-12-1992 | 1992-40501784 | |
| 31-12-1990 | full format | 22-01-1992 | 1992-00904382 | |
| 31-12-1989 | full format | 09-11-1990 | 1990-27500670 | |
| 31-12-1988 | full format | 19-02-1990 | 1990-01300925 | |
| 31-12-1987 | full format | 03-10-1988 | 1988-21403642 | |
| 31-12-1986 | full format | 07-07-1987 | 1987-16002216 | |
| 31-12-1985 | full format | 18-08-1986 | 1986-35301747 | |
| 31-12-1984 | full format | 02-07-1985 | 1985-19401191 | |
| 31-12-1983 | unclassified schema | 12-07-1984 | 1984-10002054 | |
| 31-12-1982 | unclassified schema | 15-07-1983 | 1983-09701070 | |
| 31-12-1981 | unclassified schema | 16-07-1982 | 1982-09402303 | |
| 31-12-1980 | unclassified schema | 28-07-1981 | 1981-09800443 | |
| 31-12-1979 | unclassified schema | 23-07-1980 | 1980-09600851 | |
| 31-12-1978 | unclassified schema | 27-07-1979 | 1979-09601009 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 1.0m | 1.2m | 1.2m | 871,831 | 2.5m | 1.0m | 955,995 | 1.0m | 15,834 | -4,717 | 114,598 | 95,708 | 195,513 | 268,264 | 186,965 | 261,256 | 115,653 | 123,323 | 92,506 | 160,762 | |
| Cash flow | 1.0m | 1.2m | 1.2m | 870,105 | 2.4m | 985,037 | 908,986 | 902,841 | -45,498 | -73,115 | 65,667 | 66,690 | 145,216 | 192,497 | 142,469 | 201,628 | 78,436 | -12,399 | 82,712 | 91,533 | |
| Investment in fixed assets (approximation) | 26,367 | 6.9m | 784,500 | 90,991 | -210,959 | 4,261 | 147,772 | 685,664 | 7.4m | 3.3m | 2,879 | 3,176 | 3,702 | 23,145 | 25,557 | 7,586 | 75,000 | 450 | 4,115 | 14 | |
| Change in cash | -43,321 | 54,139 | -302,403 | 247,793 | -28,302 | 115,327 | -80,155 | 8,638 | 76,566 | -34,192 | -31,309 | 49,985 | -3,574 | -5,266 | -12,733 | -144,193 | 132,752 | -58,676 | 85,707 | - | |
| Working capital | -170,394 | -606,037 | -420,807 | -66,897 | -549,702 | -2.2m | -2.6m | -2.6m | -2.7m | -1.7m | 146,926 | 81,354 | 9,614 | -99,447 | -235,353 | -282,837 | -213,537 | -173,691 | -242,187 | -268,463 | |
| Solvency | 10.7% | 7.0% | 11.7% | 7.2% | 8.4% | -6.2% | -5.2% | -0.8% | 2.4% | 9.5% | 34.2% | 35.1% | 33.5% | 31.6% | 29.4% | 38.9% | 31.1% | 29.0% | 31.2% | 29.0% | |
| Current ratio | 0.84 | 0.29 | 0.11 | 0.86 | 0.14 | 0.15 | 0.07 | 0.25 | 0.31 | 0.01 | 1.12 | 1.07 | 1.01 | 0.92 | 0.81 | 0.65 | 0.67 | 0.74 | 0.65 | 0.62 | |
| Debt to equity | 8.35 | 13.21 | 7.53 | 12.87 | 10.95 | - | - | - | 40.13 | 9.55 | 1.93 | 1.85 | 1.99 | 2.17 | 2.40 | 1.57 | 2.21 | 2.41 | 2.17 | 2.40 | |
| ROE | 11.3% | 34.6% | 50.5% | 0.1% | 282.6% | - | - | - | -412.3% | -57.0% | 0.1% | 0.0% | 12.5% | 21.2% | 16.4% | 28.2% | 5.4% | -15.0% | 2.9% | 4.8% | |
| ROA | 1.2% | 2.4% | 5.9% | 0.0% | 23.7% | 0.9% | -2.9% | -2.4% | -10.0% | -5.4% | 0.0% | 0.0% | 4.2% | 6.7% | 4.8% | 11.0% | 1.7% | -4.4% | 0.9% | 1.4% | |
| Interest coverage | 2.32 | 3.83 | 11.46 | 7.63 | 17.40 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,367 | - | €4,500 | €90,991 | - |
| Financial fixed assets | - | €6.9m | €780,000 | - | - |
| Depreciation and write-downs of the year | €874,464 | €871,636 | €871,636 | €869,773 | €858,685 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 58% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 93.0% to 89.3%. Equity is higher and debt is lower.
Further up the chainErudite Corporate 86.3%Erudite.Health 100%
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of Trenker HoldCo. Every holding stands with its own latest accounts.
| N.V. Farmaceutische Laboratoria Trenker
registered office since 14-06-2017 · founded in 1983 |
88 FTE (2025) 0423.960.076 |
| ROBINWOOD
establishment since 08-09-1993 · founded in 1993 · accounts filed late |
total assets €16.4m (2024) 0449.595.196 |
| TRENKER NUTRITION
registered office since 19-01-2018 · founded in 2018 |
total assets €72,988 (2025) 0688.640.216 |
| Unité TRENKER
registered office since 01-05-2016 |
founded in 2016 0654.908.960 |
| ALYCHLO via Foxfin, no longer at ALYCHLO · Director · deed of 07-05-2015 founded in 2008 |
total assets €1.20bn (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| T-DIFFUSION registered office Avenue Thomas Edison 32, 1402 Nivelles 68201 Renting and operating of own or leased residential real estate, excluding social housing | 01-01-1978 | 2.014.893.896 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25099D0044/00F000 | 9,952 m² | 1 · 3,087 m² | 13.2 m · 4 |
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