Trait d'Union
Trait d'Union has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €685k and a net result of €110k. Equity is shrinking by ~2.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
| Equity | €685k |
| Net result | €110k |
| Active | 29 yrs |
| Board | 2 |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Net profit | €110k | €-92k | €-55k | €10k | €-43k |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €686k | €648k | €754k | €723k | €754k |
| Equity | €685k | €575k | €667k | €722k | €712k |
| Debt | €1k | €73k | €87k | €1k | €43k |
| of which ≤ 1y | €756 | €73k | €428 | €1k | €42k |
| of which > 1y | - | - | - | - | - |
| Working capital | €686k | €575k | €754k | €722k | €712k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 907.85 | 8.89 | 1762.16 | 557.48 | 17.82 |
| Quick ratio | 907.85 | 8.89 | 1762.16 | 557.48 | 17.82 |
| Working capital ratio | 99.9% | 88.7% | 99.9% | 99.8% | 94.4% |
| Solvency | 99.8% | 88.7% | 88.4% | 99.8% | 94.4% |
| Debt / equity | 0.00 | 0.13 | 0.13 | 0.00 | 0.06 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 16.1% | -14.2% | -7.3% | 1.4% | -5.7% |
| ROE | 16.1% | -16.0% | -8.2% | 1.4% | -6.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | 1d | 116d | - | 0d | 332d |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (19 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €686k | €648k | €754k | €723k | €754k |
| Current assets | 29/58 | €686k | €648k | €754k | €723k | €754k |
| Amounts receivable within one year | 40/41 | - | - | - | €0 | €135 |
| Investments | 50/53 | €635k | €618k | €700k | €663k | €745k |
| Cash & bank | 54/58 | €51k | €31k | €54k | €59k | €8k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €686k | €648k | €754k | €723k | €754k |
| Equity | 10/15 | €685k | €575k | €667k | €722k | €712k |
| Contributions / capital | 10/11 | €1.14M | €1.14M | €1.14M | €1.14M | - |
| Accumulated profits (losses) | 14 | €-453k | €-563k | €-471k | €-417k | €-427k |
| Amounts payable | 17/49 | €1k | €73k | €87k | €1k | €43k |
| Amounts payable within one year | 42/48 | €756 | €73k | €428 | €1k | €42k |
| Trade debts payable within one year | 44 | €421 | €73k | - | €0 | €41k |
| Income statement | ||||||
| Gross operating margin | 9900 | €92k | €-109k | €-93k | €94k | €-45k |
| Operating result | 9901 | €92k | €-109k | €-94k | €92k | €-46k |
| Financial income | 75 | €17k | €18k | €18k | €12k | €16k |
| Financial charges | 65 | €-1k | €90 | €-20k | €95k | €12k |
| Result before taxes | 9903 | €110k | €-92k | €-55k | €10k | €-43k |
| Net result for the period | 9904 | €110k | €-92k | €-55k | €10k | €-43k |
| Result to be appropriated | 9905 | €110k | €-92k | €-55k | €10k | €-43k |
-
Current04-09-2026 → present
-
Current04-09-2026 → present
Former directors (1)
-
Former- → 04-09-2026
| NACE primary | - |
| Legal form | Non-profit association(017) |
| Incorporation | 21-11-1996 |
| Status | Active |
| Postal code | 6000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0275/00E013indicative | Wallonia | 359 m² | 1 · 166 m² | - |
04-09
State Gazette act
Board meeting · Director resignationBoard meeting · Director resignation · Member resignation13 facts ▸
- Board meeting, 2026-05-29
- Director resignation, Cocciolo Antonio (administrateur)
- Member resignation, Cocciolo Antonio (associé)
- Board composition, administrateur, 2026-05-29
- Board composition, administrateur, 2026-05-29
- Board composition, administrateur, 2026-05-29
- Board composition, administrateur, 2026-05-29
- Board composition, administrateur, 2026-05-29
- Board composition, administrateur, 2026-05-29
- Board composition, administrateur, 2026-05-29
- Board composition, administrateur, 2026-05-29
- Director appointment, Del Percio 1. (Président)
- +1 further facts in this act
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
04-09-2026 Act object · Board meeting · Officer resignation · Member resignation
- Act object: Modification du conseil d'administration · Trait d'Union
- Publication: 2026-09-04 · Trait d'Union
- Filing: 2026-08-27 · Trait d'Union
- Board meeting: 2026-05-29 · Trait d'Union
- Officer resignation: role: administrateur · Cocciolo Antonio
- Member resignation: role: associé · Cocciolo Antonio
- Board composition: role: administrateur, as_of: 2026-05-29 · Ajdain N.
- Board composition: role: administrateur, as_of: 2026-05-29 · Bordenga R.
- Board composition: role: administrateur, as_of: 2026-05-29 · Del Percio 1.
- Board composition: role: administrateur, as_of: 2026-05-29 · Demarez M.
- Board composition: role: administrateur, as_of: 2026-05-29 · Dieu J.
- Board composition: role: administrateur, as_of: 2026-05-29 · Dufrasne C.
- Board composition: role: administrateur, as_of: 2026-05-29 · Megal L.
- Board composition: role: administrateur, as_of: 2026-05-29 · Panarisi S.
- Officer appointment: role: Président · Del Percio 1.
- Officer appointment: role: Trésorier · Megal L.
Technical details
{
"facts": [
{
"type": "act_object",
"quote": "Objet de l\u0027acte: Modification du conseil d\u0027administration",
"value": "Modification du conseil d\u0027administration",
"object": null,
"subject": "e1"
},
{
"date": "2026-09-04",
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 04/09/2026 - Annexes du Moniteur belge",
"value": "2026-09-04",
"object": null,
"subject": "e1"
},
{
"date": "2026-08-27",
"type": "filing",
"quote": "27 AQUT 2026",
"value": "2026-08-27",
"object": null,
"subject": "e1"
},
{
"date": "2026-05-29",
"type": "board_meeting",
"quote": "Extraits du proc\u00E8s verbal du Conseil d\u0027Administration du 29 mai 2026.",
"value": "2026-05-29",
"object": null,
"subject": "e1"
},
{
"date": "2026-02-01",
"type": "officer_resignation",
"quote": "Suite \u00E0 la mise en pension de Cocciolo Antonio (01/02/26), le pr\u00E9sident demande de ratifier la d\u00E9mission de ce demier comme administrateur au sein du Conseil d\u0027Administration ainsi que comme associ\u00E9.",
"value": {
"role": "administrateur"
},
"object": "e1",
"subject": "e2",
"_value_raw": {
"role": "administrateur",
"reason": "mise en pension",
"effective_date": "2026-02-01"
}
},
{
"type": "member_resignation",
"quote": "Suite \u00E0 la mise en pension de Cocciolo Antonio (01/02/26), le pr\u00E9sident demande de ratifier la d\u00E9mission de ce demier comme administrateur au sein du Conseil d\u0027Administration ainsi que comme associ\u00E9.",
"value": {
"role": "associ\u00E9"
},
"object": "e1",
"subject": "e2"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e3"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e4"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e5"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e6"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e7"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e8"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e9"
},
{
"type": "board_composition",
"quote": "\u00C0 ce jour, le CA se compose d\u00E8s lors de Mesdames et Messieurs: Ajdain N., Bordenga R., Del Percio 1., Demarez M., Dieu J., Dufrasne C., Megal L., Panarisi S.",
"value": {
"role": "administrateur",
"as_of": "2026-05-29"
},
"object": "e1",
"subject": "e10"
},
{
"type": "officer_appointment",
"quote": "Ivan Del Percio\nAdministrateur\n(Pr\u00E9sident)",
"value": {
"role": "Pr\u00E9sident"
},
"object": "e1",
"subject": "e5"
},
{
"type": "officer_appointment",
"quote": "Laurent M\u00E9gal\nAdministrateur\n(Tr\u00E9sorier)",
"value": {
"role": "Tr\u00E9sorier"
},
"object": "e1",
"subject": "e9"
}
],
"act_meta": {
"outcome": "corrected",
"model_id": 53,
"verified": true,
"extractor": "verified-v1",
"ocr_chars": 1388,
"truncated": false
},
"entities": [
{
"id": "e1",
"kbo": "0459.772.674",
"kind": "company",
"name": "Trait d\u0027Union",
"attrs": {
"seat": "Rue du Grand Central 91 bo\u00EEte 10 - 6000 Charleroi",
"legal_form": "Association sans but lucratif"
}
},
{
"id": "e2",
"kbo": null,
"kind": "person",
"name": "Cocciolo Antonio",
"attrs": {}
},
{
"id": "e3",
"kbo": null,
"kind": "person",
"name": "Ajdain N.",
"attrs": {}
},
{
"id": "e4",
"kbo": null,
"kind": "person",
"name": "Bordenga R.",
"attrs": {}
},
{
"id": "e5",
"kbo": null,
"kind": "person",
"name": "Del Percio 1.",
"attrs": {}
},
{
"id": "e6",
"kbo": null,
"kind": "person",
"name": "Demarez M.",
"attrs": {}
},
{
"id": "e7",
"kbo": null,
"kind": "person",
"name": "Dieu J.",
"attrs": {}
},
{
"id": "e8",
"kbo": null,
"kind": "person",
"name": "Dufrasne C.",
"attrs": {}
},
{
"id": "e9",
"kbo": null,
"kind": "person",
"name": "Megal L.",
"attrs": {}
},
{
"id": "e10",
"kbo": null,
"kind": "person",
"name": "Panarisi S.",
"attrs": {}
}
]
}31-07-2025 2 directors appointed, 2 resigning
- Ivan Del Percio, Personne déléguée à la gestion journalière
- Ivan Del Percio, Bestuurder
- Druart Patrick, Bestuurder
- Antonio Cocciolo, Personne déléguée à la gestion journalière
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Druart Patrick",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "personne d\u00E9l\u00E9gu\u00E9e \u00E0 la gestion journali\u00E8re",
"person": {
"rrn": null,
"name": "Antonio Cocciolo",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "personne d\u00E9l\u00E9gu\u00E9e \u00E0 la gestion journali\u00E8re",
"person": {
"rrn": null,
"name": "Ivan Del Percio",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Ivan Del Percio",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}23-09-2024 3 resigning
- Zonca Antonio, Administrator
- Woirin Gilles, Administrator
- Scailquin Didier, Administrator
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrator",
"person": {
"rrn": null,
"name": "Zonca Antonio",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "administrator",
"person": {
"rrn": null,
"name": "Woirin Gilles",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "administrator",
"person": {
"rrn": null,
"name": "Scailquin Didier",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}29-07-2022 4 directors appointed, 3 resigning
- Ivan Del Percio, President of the board
- Demarez Marc, Administrator
- Dieu Jason, Administrator
- Ajdain Nadia, Administrator
- Luwel Gérard, Administrator
- Senechal Robert, Administrator
- Antonio Cocciolo, President of the board
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrator",
"person": {
"rrn": null,
"name": "Luwel G\u00E9rard",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "administrator",
"person": {
"rrn": null,
"name": "Senechal Robert",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "president of the board",
"person": {
"rrn": null,
"name": "Antonio Cocciolo",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "president of the board",
"person": {
"rrn": null,
"name": "Ivan Del Percio",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrator",
"person": {
"rrn": null,
"name": "Demarez Marc",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrator",
"person": {
"rrn": null,
"name": "Dieu Jason",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrator",
"person": {
"rrn": null,
"name": "Ajdain Nadia",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}12-11-2021 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "",
"old": "",
"changed": false
},
"seat_change": {
"changed": true
},
"object_change": {
"changed": false
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "TRAIT D\u0027UNION"
},
"legal_form_change": {
"new": "",
"old": "ASBL",
"changed": false
}
}15-07-2020 1 director appointed, 1 resigning
- Ivan Del Percio, Bestuurder
- Roncalli Silvana, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Roncalli Silvana",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Ivan Del Percio",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}19-07-2018 1 director appointed, 1 resigning
- Salvatore Panarisi, Conseil d'administration
- Daniel Vandergoten, Conseil d'administration
Technical details
{
"events": [
{
"kind": "director_in",
"role": "conseil d\u0027administration",
"person": {
"rrn": null,
"name": "Salvatore Panarisi",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "conseil d\u0027administration",
"person": {
"rrn": null,
"name": "Daniel Vandergoten",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}22-07-2015 Gilles Woirin appointed as director
- Gilles Woirin, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Gilles Woirin",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}11-07-2014 Didier Scailquin appointed as director
- Didier Scailquin, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Didier Scailquin",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}20-07-2010 2 directors appointed, 1 resigning
- Pierre Delvaux, Auditor
- Roméo Bordenga, Administrator
- Angelo Basile, Administrator
Technical details
{
"events": [
{
"kind": "director_in",
"role": "auditor",
"person": {
"rrn": null,
"name": "Pierre Delvaux",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "administrator",
"person": {
"rrn": null,
"name": "Angelo Basile",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrator",
"person": {
"rrn": null,
"name": "Rom\u00E9o Bordenga",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0459.772.674",
"name_full": "Trait d\u0027Union"
}
}| Legal nameFR | Trait d'Union |