TREBLA

Active

Public limited companyfounded 196858 yrs activeJakob Smitsstraat 39, 1070 Anderlecht, BelgiumKBO/BCE: BE 0401.923.161

Summary

TREBLA has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €642,029 and a net result of €31,292. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 680 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysis Watch Report Compare

TREBLAActiveChecked score 72/100

Risk analysis Report Compare

Checked score

Score 2025

72 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability49▲+35

Solvency98▲+7

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €45,000 at 30 days acceptable

Liquidity ample (current ratio 2.86 against 2.28 in 2024; short-term debt: 26.7% and cash: 0.7% of total assets), and 26.7% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Manufacture of fabricated metal products, except machinery and equipment (NACE 25)

about 50% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

73.3%

Return on assets

3.6%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

2 d early

2024

28 d late

2023

49 d late

2022

56 d late

2021

75 d late

2020

87 d late

2019

98 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 56 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

TREBLA was incorporated on 1 January 1968.¹ Total assets fell from EUR 1.2 million in 2018 to EUR 876,109 in 2025 and headcount from 4 to 2.3 full-time equivalents.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€31,292

2024 · -€33,283

Working capital

€434,822▲ 6.2%

2024 · €409,495

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€78,250▼ 0.9%€76,403▼ 2.4%€21,738▼ 71.5%-€13,043€58,721

Net result€49,860▼ 0.5%€41,213▼ 17.3%€2,443▼ 94.1%-€33,283€31,292

Equity€600,364▲ 9.1%€641,576▲ 6.9%€644,020▲ 0.4%€610,737▼ 5.2%€642,029▲ 5.1%

Total assets€1.8m▲ 4.8%€1.5m▼ 14.8%€1.7m▲ 13.0%€930,868▼ 45.9%€876,109▼ 5.9%

Debt€1.2m▲ 2.7%€882,129▼ 25.7%€1.1m▲ 22.1%€320,131▼ 70.3%€234,080▼ 26.9%

Working capital€392,370▲ 10.2%€414,622▲ 5.7%€443,154▲ 6.9%€409,495▼ 7.6%€434,822▲ 6.2%

Solvency33.6%▲ 1.3pp42.1%▲ 8.5pp37.4%▼ 4.7pp65.6%▲ 28.2pp73.3%▲ 7.7pp

Staff (FTE)3.3▼ 15.4%2.7▼ 18.2%2.3▼ 14.8%0▼ 100%2.3

above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €58,721 after a loss of €13,043 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €876,109

23.7%

76.3%

Fixed assets €207,207 ▲ 3.0%

Current assets €668,902 ▼ 8.3%

Equity and liabilities €876,109

73.3%

26.7%

Equity €642,029 ▲ 5.1%

Debt €234,080 ▼ 26.9%

Debt's share of the balance-sheet total falls from 34.4% to 26.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€68,425▲

2024 · -€3,123

Cash flow

€40,996▲

2024 · -€23,363

Current ratio

2.86▲

2024 · 2.28

Quick ratio

1.92▲

2024 · 1.62

Debt to equity

0.36▼

2024 · 0.52

ROE

4.9%▲

2024 · -5.4%

ROA

3.6%▲

2024 · -3.6%

Interest coverage

3.07▲

2024 · -0.15

Debt ≤ 1 year

€234,080▼

2024 · €320,131

Income taxes

€5,506▲

2024 · -€917

Staff costs

€151,241▲

2024 · €136,320

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

Micro
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.5% went bankrupt

4.9% stopped otherwise

94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Balance sheet Code20242025

Assets

Total assets20/58€930,868€876,109▼

Fixed assets21/28€201,242€207,207▲

Tangible fixed assets22/27€122,779€128,744▲

Land and buildings22€90,034€87,461▼

Furniture and vehicles24€32,744€31,283▼

Assets under construction and advance payments27-€10,000

Financial fixed assets28€78,463€78,463=

Current assets29/58€729,626€668,902▼

Stocks and contracts in progress3€211,567€219,038▲

Stocks30/36€211,567€219,038▲

Amounts receivable within one year40/41€516,771€443,538▼

Trade receivables40€182,986€217,081▲

Other amounts receivable41€333,784€226,457▼

Cash at bank and in hand54/58€1,289€6,161▲

Deferred charges and accrued income490/1€0€163▲

Equity and liabilities

Total equity and liabilities10/49€930,868€876,109▼

Equity10/15€610,737€642,029▲

Contributions10/11€1.0m€1.0m=

Capital10€1.0m€1.0m=

Issued capital100€1.0m€1.0m=

Reserves13€146,052€146,052=

Non-distributable reserves130/1€10,950€10,950=

Legal reserve130€10,950€10,950=

Distributable reserves133€135,102€135,102=

Profit (loss) carried forward14-€580,315-€549,023▲

Amounts payable17/49€320,131€234,080▼

Amounts payable within one year42/48€320,131€234,080▼

Financial debts43€19,641€0▼

Credit institutions430/8€19,641€0▼

Trade debts44€271,081€211,266▼

Suppliers440/4€271,081€211,266▼

Taxes, remuneration and social security45€14,166€16,070▲

Taxes450/3-€506

Remuneration and social security454/9€14,166€15,563▲

Other amounts payable47/48€15,244€6,744▼

Income statement Code20242025

Non-recurring operating income76A€16,981€0▼

Remuneration, social security and pensions62€136,320€151,241▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,920€9,704▼

Other operating charges640/8€17,487€15,483▼

Non-recurring operating charges66A€0€6,668▲

Gross operating margin9900€150,684€241,817▲

Operating profit (loss)9901-€13,043€58,721▲

Financial income75/76B€188€339▲

Recurring financial income75€188€339▲

Financial charges65/66B€21,345€22,261▲

Recurring financial charges65€21,345€22,261▲

Profit (loss) for the period before taxes9903-€34,200€36,799▲

Income taxes67/77-€917€5,506▲

Profit (loss) for the period9904-€33,283€31,292▲

Profit (loss) for the period to be appropriated9905-€33,283€31,292▲

Appropriation of the result

Profit (loss) to be appropriated9906-€580,315-€549,023▲

Profit (loss) brought forward from the previous period14P-€547,032-€580,315▼

Social balance

Average headcount (FTE)90870.02.3▲

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	-	€30,248	€46,236	€16,981	€0	▼ 100%
Remuneration, social security and pensions62	€114,077	€157,824	€145,328	€136,320	€151,241	▲ 10.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€4,676	€7,649	€9,658	€9,920	€9,704	▼ 2.2%
Other operating charges640/8	€12,267	€13,493	€15,950	€17,487	€15,483	▼ 11.5%
Non-recurring operating charges66A	-	€11,731	€52,351	€0	€6,668	-
Gross operating margin9900	€209,271	€267,100	€245,025	€150,684	€241,817	▲ 60.5%
Operating profit (loss)9901	€78,250	€76,403	€21,738	-€13,043	€58,721	▲ 550%
Financial income75/76B	€1,869	€6,483	€6,568	€188	€339	▲ 80.2%
Recurring financial income75	€1,869	€6,483	€6,568	€188	€339	▲ 80.2%
Financial charges65/66B	€15,922	€25,868	€18,268	€21,345	€22,261	▲ 4.3%
Recurring financial charges65	€15,922	€25,868	€18,268	€21,345	€22,261	▲ 4.3%
Profit (loss) for the period before taxes9903	€64,197	€57,018	€10,038	-€34,200	€36,799	▲ 208%
Income taxes67/77	€14,337	€15,805	€7,595	-€917	€5,506	▲ 701%
Profit (loss) for the period9904	€49,860	€41,213	€2,443	-€33,283	€31,292	▲ 194%
Profit (loss) for the period to be appropriated9905	€49,860	€41,213	€2,443	-€33,283	€31,292	▲ 194%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.8m	€1.5m	€1.7m	€930,868	€876,109	▼ 5.9%
Fixed assets21/28	€207,994	€226,955	€200,866	€201,242	€207,207	▲ 3.0%
Tangible fixed assets22/27	€110,100	€127,461	€122,403	€122,779	€128,744	▲ 4.9%
Land and buildings22	€91,585	€91,076	€90,810	€90,034	€87,461	▼ 2.9%
Furniture and vehicles24	€18,516	€36,386	€31,593	€32,744	€31,283	▼ 4.5%
Assets under construction and advance payments27	-	-	-	-	€10,000	-
Financial fixed assets28	€97,894	€99,494	€78,463	€78,463	€78,463	=
Current assets29/58	€1.6m	€1.3m	€1.5m	€729,626	€668,902	▼ 8.3%
Stocks and contracts in progress3	€146,837	€179,461	€216,758	€211,567	€219,038	▲ 3.5%
Stocks30/36	€146,837	€179,461	€216,758	€211,567	€219,038	▲ 3.5%
Amounts receivable within one year40/41	€1.4m	€1.1m	€1.3m	€516,771	€443,538	▼ 14.2%
Trade receivables40	€1.1m	€817,001	€983,309	€182,986	€217,081	▲ 18.6%
Other amounts receivable41	€269,162	€296,136	€317,282	€333,784	€226,457	▼ 32.2%
Cash at bank and in hand54/58	€23,009	€1,997	€1,056	€1,289	€6,161	▲ 378%
Deferred charges and accrued income490/1	€16,398	€2,156	€2,131	€0	€163	-
Equity and liabilities
Total equity and liabilities10/49	€1.8m	€1.5m	€1.7m	€930,868	€876,109	▼ 5.9%
Equity10/15	€600,364	€641,576	€644,020	€610,737	€642,029	▲ 5.1%
Contributions10/11	€1.0m	€1.0m	€1.0m	€1.0m	€1.0m	=
Capital10	€1.0m	€1.0m	€1.0m	€1.0m	€1.0m	=
Issued capital100	€1.0m	€1.0m	€1.0m	€1.0m	€1.0m	=
Reserves13	€146,052	€146,052	€146,052	€146,052	€146,052	=
Non-distributable reserves130/1	€10,950	€10,950	€10,950	€10,950	€10,950	=
Legal reserve130	€10,950	€10,950	€10,950	€10,950	€10,950	=
Distributable reserves133	€135,102	€135,102	€135,102	€135,102	€135,102	=
Profit (loss) carried forward14	-€590,688	-€549,476	-€547,032	-€580,315	-€549,023	▲ 5.4%
Amounts payable17/49	€1.2m	€882,129	€1.1m	€320,131	€234,080	▼ 26.9%
Amounts payable within one year42/48	€1.2m	€882,129	€1.1m	€320,131	€234,080	▼ 26.9%
Financial debts43	-	-	-	€19,641	€0	▼ 100%
Credit institutions430/8	-	-	-	€19,641	€0	▼ 100%
Trade debts44	€1.2m	€874,888	€1.0m	€271,081	€211,266	▼ 22.1%
Suppliers440/4	€1.2m	€874,888	€1.0m	€271,081	€211,266	▼ 22.1%
Taxes, remuneration and social security45	€2,900	€498	€13,587	€14,166	€16,070	▲ 13.4%
Taxes450/3	€2,900	-	-	-	€506	-
Remuneration and social security454/9	-	€498	€13,587	€14,166	€15,563	▲ 9.9%
Other amounts payable47/48	€6,744	€6,744	€31,744	€15,244	€6,744	▼ 55.8%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€49,860	€41,213	€2,443	-€33,283	€31,292	▲ 194%
+ Depreciation and write-downs630	€4,676	€7,649	€9,658	€9,920	€9,704	▼ 2.2%
Operating cash flow (approximation)	€54,537	€48,862	€12,102	-€23,363	€40,996	▲ 275%
Investment in fixed assets (approximation)	-	-€26,610	€16,431	-€10,296	-€15,669	▼ 52.2%
Change in cash	-	-€21,012	-€941	€232	€4,873	▲ 1,998%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Back to profitnet €31,292

Net result €31,292 after one loss-making year.

28-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 28 days late

2024

31-12

Financial Weakest financial yearnet -€33,283

Net result drops to -€33,283, the lowest in the series; recovery starts the following year.

18-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 49 days late

2023

25-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 56 days late

2022

14-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 75 days late

2021

26-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 87 days late

2020

31-12

Financial Highest result since 2018net €50,128 ▲126%

Operating result €78,944, net result €50,128, both a record.

06-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 98 days late

2019

31-12

Financial Equity above €500,000Eq €500,375 ▲4.6%

2 profitable years in a row build equity to €500,375.

28-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 28 days late

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 28 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 7 acts read

About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Anderlecht · 1 establishment unit since 1951

seat establishment The establishment unit on the map

Ground area

658 m²

Building footprint

312 m²

Volume, LiDAR

3,978 m³

2 parcels, Brussels · tallest building 14.3 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

TREBLA

Jakob Smitsstraat 41, 1070 AnderlechtNACE 18244

since 19512.004.460.656

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21302A0079/00F003	Brussels	441 m²	1 · 312 m²	14.3 m · 5 fl.
21302A0076/00V004	Brussels	217 m²	-	-

Linked by address, not proof of ownership

Good to know

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2022 list no shareholders, and no other source names one.

Holdings 2

Albert Zips HK Ltd.HK

Sourceown accounts 2022

45%
AZF SARLFR

Sourceown accounts 2022

25%

According to the 2022 annual accounts of TREBLA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

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Of 559 companies in sector 25999 we hold annual accounts for 353. 254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded01-01-1968

Fiscal year end31-12

Activities, NACEBEL 2025

25999Manufacture of fabricated metal products, except machinery and equipment

E-invoicing

Reachable via Peppol

Peppol ID 0208:0401923161

Also 9925:BE0401923161

Registered 23-12-2025

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

3 convocations

Ordinary general meeting

on 28-06-2011 at 10u · published 10-06-2011

Agenda

1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31 décembre 2010. 3. Décharge à donner aux administrateurs. 4. Renouvellement d’administrateurs.

Ordinary general meeting

on 29-06-2010 at 10u · published 11-06-2010

1. Rapport du conseil d’administration. 2. Appro- bation des comptes annuels au 31 décembre 2009. 3. Décharge à donner aux administrateurs.

Ordinary general meeting

on 30-06-2009 at 10u · published 15-06-2009

1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31 décembre 2008. 3. Décharge à donner aux administrateurs.