TREVI PLUS
ActiveSummary
TREVI PLUS has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €439,860 and a net result of €62,113. Equity has been stable since 2019 (±0.2% per year). Its solvency ranks better than 64% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-11-2008 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.174.530.855 9620 Zottegem, since 01-12-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 03-04-2026
Board and ownership
- PAPEGNIES MartineDirector · since 18-11-2008
- LANNOO RonaldDirector · since 01-03-2010
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €162,837
- ▲ 50.2%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €62,113
- ▲ 202%
- Equity
- €439,860
- ▲ 16.4%
- Total assets
- €640,204
- ▲ 15.1%
- Employees on 30-06-2025
- 1
- =
Score breakdownlowers riskLiquidity: current ratio 2.45, cash €283,612Size: total assets €640,204Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €439,860 (68.7% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 64% of them on solvency, 80% on liquidity, 48% on profitability and 64% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 18-12-2025 PDF all 16 filings
Every figure per financial year
The operating result for 2025 is over 3 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | - | - |
| in full-time equivalents | 1.5 | 1.5 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.5 | 1.5 | 1.1 | 1 |
| On a permanent contract | 2 | 2 | 1 | 1 |
| Joined | - | - | 1 | - |
| Left | - | - | 2 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgage mandates | €27,500 | €27,500 | €27,500 | - |
| Carrying value of the mortgaged assets | €213,605 | €194,114 | €174,624 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,800 | - | - | €8,323 |
| Intangible fixed assets | - | €1,400 | - | - |
| Financial fixed assets | - | €1,500 | - | - |
| Depreciation and write-downs of the year | €20,094 | €20,419 | €20,675 | €20,649 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €71,112 | €68,228 | €54,999 | €48,229 | ▼ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,087 | €21,087 | €19,738 | €20,094 | €20,419 | €20,675 | €20,649 | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,904 | -€2,531 | -€1,904 | ▲ 24.8% |
| Other operating charges640/8 | - | - | - | €2,371 | €2,641 | €4,942 | €4,344 | ▼ 12.1% |
| Non-recurring operating charges66A | - | - | - | - | €62 | €53 | - | - |
| Gross operating margin9900 | €219,915 | €122,433 | €125,640 | €95,393 | €88,238 | €108,385 | €162,837 | ▲ 50.2% |
| Operating profit (loss)9901 | €118,012 | €21,424 | €28,142 | €1,816 | -€5,016 | €30,247 | €91,519 | ▲ 203% |
| Financial income75/76B | - | - | - | €2,394 | €189 | €593 | €864 | ▲ 45.8% |
| Recurring financial income75 | €3,002 | €3,571 | €4,718 | €2,394 | €189 | €593 | €864 | ▲ 45.8% |
| Financial charges65/66B | - | - | - | €791 | €1,107 | €214 | €855 | ▲ 300% |
| Recurring financial charges65 | €1,732 | €1,346 | €1,039 | €791 | €1,107 | €214 | €855 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | €119,282 | €23,648 | €31,821 | €3,418 | -€5,934 | €30,626 | €91,528 | ▲ 199% |
| Income taxes67/77 | €45,594 | €10,978 | €12,135 | €2,575 | €467 | €10,039 | €29,415 | ▲ 193% |
| Profit (loss) for the period9904 | €73,688 | €12,671 | €19,686 | €843 | -€6,401 | €20,587 | €62,113 | ▲ 202% |
| Profit (loss) for the period to be appropriated9905 | €73,688 | €12,671 | €19,686 | €843 | -€6,401 | €20,587 | €62,113 | ▲ 202% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €702,226 | €609,790 | €651,350 | €561,084 | €489,772 | €556,201 | €640,204 | ▲ 15.1% |
| Fixed assets21/28 | €279,370 | €258,282 | €240,067 | €221,772 | €204,253 | €182,078 | €169,752 | ▼ 6.8% |
| Intangible fixed assets21 | €480 | €240 | - | - | €1,376 | €1,096 | €816 | ▼ 25.6% |
| Tangible fixed assets22/27 | €278,890 | €258,042 | €240,067 | €221,772 | €201,377 | €180,983 | €168,937 | ▼ 6.7% |
| Land and buildings22 | - | - | - | €213,605 | €194,114 | €174,624 | €161,531 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,652 | - |
| Furniture and vehicles24 | - | - | - | €8,168 | €7,263 | €6,359 | €5,754 | ▼ 9.5% |
| Financial fixed assets28 | - | - | - | - | €1,500 | - | - | - |
| Current assets29/58 | €422,856 | €351,507 | €411,283 | €339,311 | €285,519 | €374,123 | €470,452 | ▲ 25.7% |
| Amounts receivable within one year40/41 | €243,340 | €214,423 | €181,416 | €142,821 | €89,069 | €181,459 | €176,963 | ▼ 2.5% |
| Trade receivables40 | - | - | - | €129,023 | €83,008 | €165,351 | €164,345 | ▼ 0.6% |
| Other amounts receivable41 | - | - | - | €13,798 | €6,061 | €16,108 | €12,618 | ▼ 21.7% |
| Cash at bank and in hand54/58 | €165,848 | €127,438 | €219,286 | €191,727 | €193,964 | €190,300 | €283,612 | ▲ 49.0% |
| Deferred charges and accrued income490/1 | - | - | - | €4,763 | €2,486 | €2,364 | €9,878 | ▲ 318% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €702,226 | €609,790 | €651,350 | €561,084 | €489,772 | €556,201 | €640,204 | ▲ 15.1% |
| Equity10/15 | €404,975 | €417,645 | €437,331 | €368,770 | €362,369 | €377,748 | €439,860 | ▲ 16.4% |
| Contributions10/11 | €109,700 | - | - | €109,700 | €109,700 | €109,700 | €109,700 | = |
| Reserves13 | €295,029 | €307,699 | €327,385 | €258,824 | €258,824 | €268,048 | €330,160 | ▲ 23.2% |
| Non-distributable reserves130/1 | - | - | - | €258,824 | €258,824 | €268,048 | €330,160 | ▲ 23.2% |
| Reserves not available under the articles1311 | - | - | - | €12,210 | €12,210 | €12,210 | €12,210 | = |
| Other1319 | - | - | - | €246,614 | €246,614 | €255,838 | €317,950 | ▲ 24.3% |
| Profit (loss) carried forward14 | €246 | €246 | €246 | €246 | -€6,155 | - | - | - |
| Amounts payable17/49 | €297,251 | €192,144 | €214,019 | €192,313 | €127,403 | €178,453 | €200,344 | ▲ 12.3% |
| Amounts payable after more than one year17 | €52,859 | €37,707 | €22,293 | €6,613 | - | - | - | - |
| Financial debts170/4 | - | - | - | €6,613 | - | - | - | - |
| Amounts payable within one year42/48 | €243,671 | €153,704 | €190,996 | €184,943 | €126,461 | €176,174 | €191,887 | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,680 | €6,613 | - | - | - |
| Trade debts44 | €204,966 | €132,627 | €170,523 | €158,508 | €110,697 | €167,378 | €188,131 | ▲ 12.4% |
| Suppliers440/4 | - | - | - | €158,508 | €110,697 | €167,378 | €188,131 | ▲ 12.4% |
| Taxes, remuneration and social security45 | - | - | - | €5,417 | €9,151 | €3,588 | €3,756 | ▲ 4.7% |
| Taxes450/3 | - | - | - | €1,481 | €6,430 | €1,083 | €1,138 | ▲ 5.1% |
| Remuneration and social security454/9 | - | - | - | €3,936 | €2,720 | €2,505 | €2,617 | ▲ 4.5% |
| Other amounts payable47/48 | - | - | - | €5,338 | - | €5,208 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €757 | €942 | €2,280 | €8,457 | ▲ 271% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,688 | €12,671 | €19,686 | €843 | -€6,401 | €20,587 | €62,113 | ▲ 202% |
| + Depreciation and write-downs630 | €21,087 | €21,087 | €19,738 | €20,094 | €20,419 | €20,675 | €20,649 | ▼ 0.1% |
| Operating cash flow (approximation) | €94,776 | €33,758 | €39,423 | €20,937 | €14,018 | €41,262 | €82,762 | ▲ 101% |
| Investment in fixed assets (approximation) | - | €0 | -€1,523 | -€1,800 | -€2,900 | €1,500 | -€8,323 | - |
| Change in cash | - | -€38,410 | €91,848 | -€27,559 | €2,237 | -€3,664 | €93,312 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as TREVI PLUS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of TREVI PLUS 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 34,693 companies, not a prediction for TREVI PLUS. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 18-12-2025 | 2025-00586288 | |
| 30-06-2024 | micro format | 22-01-2025 | 2025-00021168 | |
| 30-06-2023 | micro format | 22-01-2024 | 2024-00004239 | |
| 30-06-2022 | micro format | 10-01-2023 | 2023-20555938 | |
| 30-06-2021 | abbreviated format | 21-01-2022 | 2022-01400178 | |
| 30-06-2020 | micro format | 11-02-2021 | 2021-05200315 | |
| 30-06-2019 | micro format | 07-01-2020 | 2020-00600045 | |
| 30-06-2018 | micro format | 30-01-2019 | 2019-03600599 | |
| 30-06-2017 | micro format | 25-01-2018 | 2018-02300545 | |
| 30-06-2016 | abbreviated format | 12-01-2017 | 2017-01200244 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PAPEGNIES Martine |
|
| LANNOO Ronald |
|
Network & group
TREVI PLUS shares no director with another company.
Companies at the same address
5 other companiesConnections & network
2 current directorsThe network starts from the directors of TREVI PLUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41068B0463/00M000 | Flanders | 161 m² | 1 · 103 m² | 11.0 m · 3 |