TRELEO
ActiveSummary
TRELEO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €117k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+8
Solvency69▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.36 in 2024; short-term debt: 14% and cash: 6.9% of total assets), and 55.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.4%
Return on assets
15%
Age of the figures
9 mo
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 05-05-2026, 87 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
87 d early
2024
37 d early
2023
56 d early
2022
46 d early
2021
75 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€345k▲ 5.1%
2024 · €328k
2021: €64klowest in 5 years
2022: €143k▲ +124% vs 2021
2023: €277k▲ +94.6% vs 2022
2024: €328k▲ +18.3% vs 2023
2025: €345k▲ +5.1% vs 2024highest in 5 years
2021 → 2025
Total assets
€776k▼ 1.5%
2024 · €788k
2021: €545klowest in 5 years
2022: €593k▲ +8.8% vs 2021
2023: €787k▲ +32.7% vs 2022
2024: €788k▲ +0.2% vs 2023highest in 5 years
2025: €776k▼ -1.5% vs 2024
2021 → 2025
Net result
€117k▼ 12.1%
2024 · €133k
2021: €59klowest in 5 years
2022: €79k▲ +34.3% vs 2021
2023: €135k▲ +71.1% vs 2022highest in 5 years
2024: €133k▼ -1.6% vs 2023
2025: €117k▼ -12.1% vs 2024
2021 → 2025
Working capital
€-55k▲ 54.0%
2024 · €-119k
2021: €-40k
2022: €-17k▲ +57.0% vs 2021highest in 5 years
2023: €-87k▼ -402% vs 2022
2024: €-119k▼ -35.9% vs 2023lowest in 5 years
2025: €-55k▲ +54.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€143k▲ 124%€277k▲ 94.6%€328k▲ 18.3%€345k▲ 5.1%
2021: €64klowest in 5 years
2022: €143k▲ +124% vs 2021
2023: €277k▲ +94.6% vs 2022
2024: €328k▲ +18.3% vs 2023
2025: €345k▲ +5.1% vs 2024highest in 5 years
Operating result€72k-€99k▲ 37.9%€131k▲ 32.4%€141k▲ 7.6%€123k▼ 12.5%
2021: €72klowest in 5 years
2022: €99k▲ +37.9% vs 2021
2023: €131k▲ +32.4% vs 2022
2024: €141k▲ +7.6% vs 2023highest in 5 years
2025: €123k▼ -12.5% vs 2024
Net result€59k-€79k▲ 34.3%€135k▲ 71.1%€133k▼ 1.6%€117k▼ 12.1%
2021: €59klowest in 5 years
2022: €79k▲ +34.3% vs 2021
2023: €135k▲ +71.1% vs 2022highest in 5 years
2024: €133k▼ -1.6% vs 2023
2025: €117k▼ -12.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €776k
Fixed assets
€722k ▲ 0.3%
Current assets
€54k ▼ 20.1%
Equity and liabilities €776k
Equity
€345k ▲ 5.1%
Debt
€432k ▼ 6.2%
Debt's share of the balance-sheet total falls from 58.4% to 55.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€124k
Cash flow
€117k
Current ratio
0.50▲
2024 · 0.36
Debt to equity
1.25▼
2024 · 1.40
ROE
33.9%▼
2024 · 40.5%
ROA
15.0%▼
2024 · 16.8%
Interest coverage
12.18
Debt ≤ 1 year
€109k▼
2024 · €187k
Debt > 1 year
€323k▲
2024 · €273k
Income taxes
€31k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€788k€776k▼
Fixed assets21/28€720k€722k▲
Tangible fixed assets22/27-€2k
Furniture and vehicles24-€2k
Financial fixed assets28€720k€720k=
Current assets29/58€68k€54k▼
Amounts receivable within one year40/41€15k-
Trade receivables40€15k-
Cash at bank and in hand54/58€53k€53k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€788k€776k▼
Equity10/15€328k€345k▲
Contributions10/11€5k€5k=
Reserves13€323k€340k▲
Distributable reserves133€323k€340k▲
Amounts payable17/49€460k€432k▼
Amounts payable after more than one year17€273k€323k▲
Financial debts170/4€273k€189k▼
Other amounts payable178/9-€133k
Amounts payable within one year42/48€187k€109k▼
Current portion of amounts payable after more than one year42€82k€84k▲
Trade debts44-€903
Suppliers440/4-€903
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€22k€24k▲
Other amounts payable47/48€83k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€370
Other operating charges640/8€528€544▲
Gross operating margin9900€141k€124k▼
Operating profit (loss)9901€141k€123k▼
Financial income75/76B€35k€35k=
Recurring financial income75€35k€35k=
Financial charges65/66B€10k€10k▲
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€166k€148k▼
Income taxes67/77€33k€31k▼
Profit (loss) for the period9904€133k€117k▼
Profit (loss) for the period to be appropriated9905€133k€117k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€117k▼
Transfer to equity691/2€51k€17k▼
To other reserves6921€51k€17k▼
Profit to be distributed694/7€82k€100k▲
Return on contributions (dividend)694€82k€100k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €370 | - |
| Other operating charges640/8 | - | - | €132 | €528 | €544 | ▲ 3.0% |
| Gross operating margin9900 | €72k | €99k | €131k | €141k | €124k | ▼ 12.2% |
| Operating profit (loss)9901 | €72k | €99k | €131k | €141k | €123k | ▼ 12.5% |
| Financial income75/76B | €10k | €10k | €42k | €35k | €35k | = |
| Recurring financial income75 | €10k | €10k | €42k | €35k | €35k | = |
| Financial charges65/66B | €7k | €7k | €7k | €10k | €10k | ▲ 1.7% |
| Recurring financial charges65 | €7k | €7k | €7k | €10k | €10k | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €75k | €102k | €166k | €166k | €148k | ▼ 10.7% |
| Income taxes67/77 | €16k | €23k | €31k | €33k | €31k | ▼ 5.2% |
| Profit (loss) for the period9904 | €59k | €79k | €135k | €133k | €117k | ▼ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €59k | €79k | €135k | €133k | €117k | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €545k | €593k | €787k | €788k | €776k | ▼ 1.5% |
| Fixed assets21/28 | €500k | €500k | €720k | €720k | €722k | ▲ 0.3% |
| Tangible fixed assets22/27 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €500k | €500k | €720k | €720k | €720k | = |
| Current assets29/58 | €45k | €93k | €67k | €68k | €54k | ▼ 20.1% |
| Amounts receivable within one year40/41 | €12k | - | - | €15k | - | - |
| Trade receivables40 | €12k | - | - | €15k | - | - |
| Cash at bank and in hand54/58 | €33k | €93k | €67k | €53k | €53k | ▲ 0.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €545k | €593k | €787k | €788k | €776k | ▼ 1.5% |
| Equity10/15 | €64k | €143k | €277k | €328k | €345k | ▲ 5.1% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €59k | €138k | €272k | €323k | €340k | ▲ 5.2% |
| Distributable reserves133 | €59k | €138k | €272k | €323k | €340k | ▲ 5.2% |
| Amounts payable17/49 | €481k | €450k | €509k | €460k | €432k | ▼ 6.2% |
| Amounts payable after more than one year17 | €395k | €339k | €355k | €273k | €323k | ▲ 18.1% |
| Financial debts170/4 | €395k | €339k | €355k | €273k | €189k | ▼ 30.8% |
| Other amounts payable178/9 | - | - | - | - | €133k | - |
| Amounts payable within one year42/48 | €85k | €110k | €154k | €187k | €109k | ▼ 41.6% |
| Current portion of amounts payable after more than one year42 | €55k | €56k | €80k | €82k | €84k | ▲ 2.4% |
| Trade debts44 | €1k | €225 | €98 | - | €903 | - |
| Suppliers440/4 | €1k | €225 | €98 | - | €903 | - |
| Taxes, remuneration and social security45 | €24k | €48k | €63k | €22k | €24k | ▲ 10.1% |
| Taxes450/3 | €24k | €48k | €63k | €22k | €24k | ▲ 10.1% |
| Other amounts payable47/48 | €5k | €6k | €10k | €83k | - | - |
| Accrued charges and deferred income492/3 | €676 | €750 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €79k | €135k | €133k | €117k | ▼ 12.1% |
| + Depreciation and write-downs630 | - | - | - | - | €370 | - |
| Operating cash flow (approximation) | €59k | €79k | €135k | €133k | €117k | ▼ 11.8% |
| Investment in fixed assets (approximation) | - | €0 | €-220k | €0 | €-2k | - |
| Change in cash | - | €60k | €-26k | €-14k | €314 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €135k ▲71.1%
Net result €135k, the highest in the series.
31-12
Financial
Equity above €200kEq €277k ▲94.6%
3 profitable years in a row build equity to €277k.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €143k ▲124%
2 profitable years in a row build equity to €143k.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zulte · 1 establishment unit since 2021
Ground area
306 m²
Building footprint
86 m²
Volume, LiDAR
493 m³
Parcel 44081C0004/00D011, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRELEO
since 20212.313.305.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0004/00D011 | Flanders | 306 m² | 1 · 86 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 37,323 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.