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TRI

Active
Public limited companyfounded 1969active for 56 yearsSteenovenstraat 1, 2390 Malle, BelgiumKBO/BCE: BE 0406.885.306
Summary

TRI has been active since 1969 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €747,437, of which €591,389 non-recurring income. Equity has been stable since 2018 (±1.7% per year). Its solvency ranks better than 63% of 5,796 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 03-11-1969 Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 1 other
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.038.589.810 2390 Malle, since 01-11-1969
Financial year end
31 December
Peppol
Reachable since 27-03-2026

Board and ownership

Board
Auditor
Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren
Shareholders
  • Parfibel2025 annual accounts of Parfibel

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€1.2m
▲ 2.2%
Profit
€747,437
▼ 38.5%
Equity
€4.0m
▼ 0.1%
Total assets
€7.5m
▲ 39.8%
Filed on 19-05-2026, 73 days before the deadline
Score breakdownraises riskLiquidity: current ratio 1.14, cash €521,407Profit of €747,437 (financial year 2025)lowers riskSize: turnover €1.2m, total assets €7.5mFigures for financial year 2025 (filed on 19-05-2026)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 73% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 79-21
equity 53.5% of total assets
Liquidity 59-7
short-term debt 9.8% · cash 6.9%
Profitability 87-11
return on assets 9.9%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,993 companies, NACE 68, small)
Last 24 months 12-2024: 0.1%highest value 01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: 0.1%▲ +0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: < 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (2.74 in 2024), below the usual 1.5. Short-term debt is 9.8% and cash 6.9% of total assets. 46.5% of the assets are financed with debt and provisions.
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 68, small). It does better than 71% of them on solvency, 85% on liquidity, 95% on profitability and 41% on growth.

The bankruptcy probability was computed on 01-11-2026 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).

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €1.2m, total assets €7.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.14, cash €521,407
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 19-05-2026)
NBB · annual accounts
raises risk · Profit of €747,437 (financial year 2025)
NBB · annual accounts
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
73 days early
2024
59 days early
2023
100 days early
2022
59 days early
2021
80 days early
2020
61 days early
2019
64 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 71 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 19-05-2026 PDF all 49 filings

Turnover
€1.2m▲ 2.2%
2024 · €1.2m
EBIT margin
84.8%▼ 24.1pp
2024 · 108.9%
Net result
€747,437▼ 38.5%
2024 · €1.2m
Working capital
€105,561▼ 91.3%
2024 · €1.2m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 20% lower than in 2024.

Turnover€1.2m 2025 Operating result€1.1m 2025 Net result€0.7m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€1.5m-€1.5m▼ 1.5%€1.5m▲ 1.4%€1.5m▼ 1.7%€1.4m▼ 7.6%€1.3m▼ 5.6%€1.2m▼ 7.8%€1.2m▲ 2.2%
Operating result-€0.02m-€0.04m€1.0m▲ 28×€1.9m▲ 92.7%€1.6m▼ 17.7%€0.03m▼ 98.3%€1.3m▲ 51×€1.1m▼ 20.4%
Net result€0.01m-€0.04m▲ 218%€0.7mabove the sector's middle half▲ 20×€1.5mabove the sector's middle half▲ 101%€0.7mabove the sector's middle half▼ 49.8%€0.5mabove the sector's middle half▼ 34.0%€1.2mabove the sector's middle half▲ 146%€0.7mabove the sector's middle half▼ 38.5%
EBIT margin-1.2%-2.3%▲ 3.6pp64.7%▲ 62.3pp126.8%▲ 62.1pp113.0%▼ 13.8pp2.0%▼ 111.0pp108.9%▲ 106.9pp84.8%▼ 24.1pp
Equity€11.6m-€11.6m▲ 0.2%€12.3mabove the sector's middle half▲ 6.2%€12.8mabove the sector's middle half▲ 3.8%€13.5mabove the sector's middle half▲ 5.7%€14.0mabove the sector's middle half▲ 3.3%€4.0mabove the sector's middle half▼ 71.1%€4.0mabove the sector's middle half▼ 0.1%
Total assets€13.0m-€12.9m▼ 0.7%€14.2mabove the sector's middle half▲ 9.8%€15.7mabove the sector's middle half▲ 11.2%€15.2mabove the sector's middle half▼ 3.3%€15.2mabove the sector's middle half▼ 0.4%€5.4mwithin the sector's middle half▼ 64.4%€7.5mwithin the sector's middle half▲ 39.8%
Debt€0.2m-€0.2m▲ 4.3%€0.9m▲ 263%€2.1m▲ 138%€0.9m▼ 54.9%€0.5m▼ 42.7%€0.9m▲ 60.7%€3.1m▲ 257%
Working capital€4.4m-€4.8m▲ 9.0%€6.0mabove the sector's middle half▲ 23.1%€8.0mabove the sector's middle half▲ 34.9%€9.4mabove the sector's middle half▲ 16.2%€10.1mabove the sector's middle half▲ 8.4%€1.2mabove the sector's middle half▼ 88.0%€0.1mwithin the sector's middle half▼ 91.3%
Solvency89.4%-90.2%▲ 0.8pp87.2%above the sector's middle half▼ 2.9pp81.4%above the sector's middle half▼ 5.8pp89.0%above the sector's middle half▲ 7.5pp92.2%above the sector's middle half▲ 3.2pp74.8%above the sector's middle half▼ 17.4pp53.5%within the sector's middle half▼ 21.3pp
Current ratio38.71-33.75▼ 4.9612.94above the sector's middle half▼ 20.815.56above the sector's middle half▼ 7.3714.98above the sector's middle half▲ 9.4232.80above the sector's middle half▲ 17.812.74within the sector's middle half▼ 30.051.14within the sector's middle half▼ 1.60
Return on assets (ROA)0.1%-0.3%▲ 0.2pp5.2%above the sector's middle half▲ 5.0pp9.5%above the sector's middle half▲ 4.2pp4.9%within the sector's middle half▼ 4.6pp3.3%within the sector's middle half▼ 1.7pp22.5%above the sector's middle half▲ 19.3pp9.9%above the sector's middle half▼ 12.6pp
Staff (FTE)2-1.8▼ 10.0%2within the sector's middle half▲ 11.1%2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Large changes and their cause
  • 2024 Net result +146% on 2023. Demerger to Parfibel, Official Gazette 22-07-2024.
  • 2024 Equity -71%, Total assets -64% on 2023. Demerger to Parfibel, Official Gazette 22-07-2024. Capital reduction of €2,863,829 (Official Gazette 22-07-2024).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.5m
Fixed assets €6.7m ▲ 92.6%
Current assets €842,487 ▼ 56.1%
Equity and liabilities €7.5m
Equity €4.0m ▼ 0.1%
Provisions €410,822 ▼ 16.2%
Debt €3.1m ▲ 257%
Debt's share of the balance-sheet total rises from 16.1% to 41.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.4m▼
2024 · €1.8m
Cash flow
€1.1m▼
2024 · €1.7m
Debt to equity
0.77▲
2024 · 0.21
ROE
18.5%▼
2024 · 30.1%
Interest coverage
37.39▼
2024 · over 100
Debt ≤ 1 year
€736,926▲
2024 · €698,453
Debt > 1 year
€2.3m▲
2024 · €162,178
Income taxes
€360,367▲
2024 · €285,243
Customer credit
11 days▲
2024 · 1 day
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-2024
Employees at the balance-sheet date333-
part-time333-
in full-time equivalents222-
Average over the year, in full-time equivalents222-
On a permanent contract333-
Joined---0
Left---3
Training hours757575-

Source: social balance sheet in the 2021 to 2024 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets----€2.3m
Mortgages, amount registered----€25,000
Mortgage mandates----€4.2m
Carrying value of the mortgaged assets----€6.7m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€6,142€10,117€19,442€716,220€3.7m
Depreciation and write-downs of the year€560,847€510,877€514,536€446,134€384,551

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€5,068€5,473€5,692€5,000€5,150
Work by persons linked to the auditor----€11,124

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Comparable companies

These companies have the same main activity as TRI: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €5.9m and €8.8m, founded between 1967 and 1987.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
TRI Malle1969€7.5m€4.0m-€1.2m€0.7m-2025
Noesim Wommelgem1974€7.9m€5.7m-€1.3m€0.3m-2025
Goeters - Ars et Labor Lokeren1977€6.8m€4.6m€0.6m€1.1m€0.08m12025
GUDRUN IMMO Lier1967€8.8m€3.3m-€0.8m€0.2m-2025
TULDERHEYDE Ravels1987€6.8m€1.5m€0.5m€1.0m-€0.2m5.12025
Materdak Machelen (Brab.)1973€6.7m€3.8m€0.5m€0.8m€0.01m-2025
BUNOVA Kortrijk1968€5.9m€2.7m-€0.8m€0.3m-2025

They were chosen from the 6,620 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,579 companies had the same profile as TRI has now. Two years later, 0.1% had gone bankrupt and 96.7% were still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
96.7% was still going

That fits the bankruptcy probability of TRI itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,579 companies, not a prediction for TRI. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines

Source: Annual accounts 2025 (PDF), filed on 19-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€5.4m€7.5m▲
Fixed assets21/28€3.5m€6.7m▲
Tangible fixed assets22/27€3.5m€6.7m▲
Land and buildings22€1.9m€1.7m▼
Plant, machinery and equipment23€0.9m€0.7m▼
Assets under construction and advance payments27€0.7m€4.3m▲
Current assets29/58€1.9m€0.8m▼
Amounts receivable within one year40/41€0.003m€0.04m▲
Other amounts receivable41€0.003m€0.04m▲
Current investments50/53€1.1m€0.3m▼
Other investments51/53€1.1m€0.3m▼
Cash at bank and in hand54/58€0.8m€0.5m▼
Deferred charges and accrued income490/1€0.001m€0.02m▲
Equity and liabilities
Total equity and liabilities10/49€5.4m€7.5m▲
Equity10/15€4.0m€4.0m▼
Contributions10/11€0.9m€0.9m=
Capital10€0.9m€0.9m=
Issued capital100€0.9m€0.9m=
Reserves13€1.9m€1.9m=
Non-distributable reserves130/1€0.09m€0.09m=
Legal reserve130€0.09m€0.09m=
Reserves not available under the articles1311€382€382=
Distributable reserves133€1.8m€1.8m=
Profit (loss) carried forward14€1.2m€1.2m▼
Provisions and deferred taxes16€0.5m€0.4m▼
Deferred taxes168€0.5m€0.4m▼
Amounts payable17/49€0.9m€3.1m▲
Amounts payable after more than one year17€0.2m€2.3m▲
Financial debts170/4€0.2m€2.3m▲
Credit institutions173€0.2m€2.3m▲
Amounts payable within one year42/48€0.7m€0.7m▲
Current portion of amounts payable after more than one year42€0.04m€0.1m▲
Trade debts44€0.1m€0.2m▲
Suppliers440/4€0.1m€0.2m▲
Taxes, remuneration and social security45€0.3m€0.01m▼
Taxes450/3€0.3m€0.01m▼
Other amounts payable47/48€0.3m€0.4m▲
Accrued charges and deferred income492/3€0.007m€0.02m▲
Income statement Code20242025
Operating income70/76A€2.4m€1.8m▼
Turnover70€1.2m€1.2m▲
Other operating income74€0.02m€0.009m▼
Non-recurring operating income76A€1.2m€0.6m▼
Operating charges60/66A€1.1m€0.8m▼
Services and other goods61€0.2m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m▼
Other operating charges640/8€0.5m€0.2m▼
Non-recurring operating charges66A-€0.02m
Operating profit (loss)9901€1.3m€1.1m▼
Financial income75/76B€0.03m€0.03m▼
Recurring financial income75€0.03m€0.03m▼
Income from financial fixed assets750€6-
Income from current assets751€0.001m€0.03m▲
Other financial income752/9€0.03m€0.002m▼
Financial charges65/66B€0.005m€0.05m▲
Recurring financial charges65€0.005m€0.05m▲
Debt charges650€0.004m€0.04m▲
Other financial charges652/9€0.002m€0.02m▲
Profit (loss) for the period before taxes9903€1.4m€1.0m▼
Transfer from deferred taxes780€0.1m€0.08m▼
Income taxes67/77€0.3m€0.4m▲
Taxes670/3€0.3m€0.4m▲
Tax adjustments and reversals of tax provisions77-€81
Profit (loss) for the period9904€1.2m€0.7m▼
Profit (loss) for the period to be appropriated9905€1.2m€0.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.2m€2.0m▲
Profit (loss) brought forward from the previous period14P-€1.2m
Profit to be distributed694/7-€0.8m
Return on contributions (dividend)694-€0.8m

The notes to these accounts have 48 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Operating income70/76A---€3.5m€2.9m€1.3m€2.4m€1.8m▼ 24.4%
Turnover70€1.5m€1.5m€1.5m€1.5m€1.4m€1.3m€1.2m€1.2m▲ 2.2%
Other operating income74---€0.03m€0.03m€0.02m€0.02m€0.009m▼ 50.0%
Non-recurring operating income76A---€2.0m€1.5m-€1.2m€0.6m▼ 50.9%
Operating charges60/66A---€1.6m€1.3m€1.3m€1.1m€0.8m▼ 29.2%
Services and other goods61---€0.4m€0.3m€0.2m€0.2m€0.2m▲ 11.4%
Remuneration, social security and pensions62---€0.3m€0.3m€0.4m---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.8m€0.8m€0.6m€0.6m€0.5m€0.5m€0.4m€0.4m▼ 13.8%
Other operating charges640/8---€0.2m€0.2m€0.2m€0.5m€0.2m▼ 67.0%
Non-recurring operating charges66A---€0.2m---€0.02m-
Operating profit (loss)9901-€0.02m€0.04m€1.0m€1.9m€1.6m€0.03m€1.3m€1.1m▼ 20.4%
Financial income75/76B---€0.08m€0.05m€0.04m€0.03m€0.03m▼ 15.2%
Recurring financial income75€497-€123€0.08m€0.05m€0.04m€0.03m€0.03m▼ 15.2%
Income from financial fixed assets750------€6--
Income from current assets751---€0.08m€0.05m€0.04m€0.001m€0.03m▲ 33×
Other financial income752/9---€1€13€2€0.03m€0.002m▼ 92.3%
Financial charges65/66B---€0.02m€0.5m-€0.4m€0.005m€0.05m▲ 932%
Recurring financial charges65€0.005m€0.005m€0.008m€0.02m€0.5m-€0.4m€0.005m€0.05m▲ 932%
Debt charges650€0.003m€0.003m€0.006m€0.02m€0.01m€0.006m€0.004m€0.04m▲ 929%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651----€0.5m-€0.5m---
Other financial charges652/9---€0.001m€0.001m€0.03m€0.002m€0.02m▲ 940%
Profit (loss) for the period before taxes9903-€0.02m€0.03m€1.0m€2.0m€1.1m€0.5m€1.4m€1.0m▼ 24.0%
Transfer from deferred taxes780---€0.1m€0.1m€0.1m€0.1m€0.08m▼ 46.5%
Income taxes67/77€0.09m€0.1m€0.3m€0.6m€0.5m€0.1m€0.3m€0.4m▲ 26.3%
Taxes670/3---€0.6m€0.5m€0.1m€0.3m€0.4m▲ 26.4%
Tax adjustments and reversals of tax provisions77---€0.02m---€81-
Profit (loss) for the period9904€0.01m€0.04m€0.7m€1.5m€0.7m€0.5m€1.2m€0.7m▼ 38.5%
Transfer from tax-exempt reserves789---€0.3m€0.3m€0.3m---
Profit (loss) for the period to be appropriated9905€0.3m€0.3m€1.0m€1.8m€1.0m€0.8m€1.2m€0.7m▼ 38.5%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€13.0m€12.9m€14.2m€15.7m€15.2m€15.2m€5.4m€7.5m▲ 39.8%
Fixed assets21/28€8.4m€7.9m€7.7m€5.9m€5.2m€4.7m€3.5m€6.7m▲ 92.6%
Tangible fixed assets22/27€8.4m€7.6m€7.2m€5.9m€5.2m€4.7m€3.5m€6.7m▲ 92.6%
Land and buildings22---€4.1m€3.7m€3.5m€1.9m€1.7m▼ 11.4%
Plant, machinery and equipment23---€1.5m€1.2m€1.0m€0.9m€0.7m▼ 14.9%
Furniture and vehicles24---€0.007m€0.01m€0.01m---
Other tangible fixed assets26---€0.3m€0.2m€0.2m---
Assets under construction and advance payments27------€0.7m€4.3m▲ 502%
Financial fixed assets28€0.001m€0.3m€0.5m€0.001m€0.001m€0.001m---
Other financial fixed assets284/8---€0.001m€0.001m€0.001m---
Amounts receivable and cash guarantees285/8---€0.001m€0.001m€0.001m---
Current assets29/58€4.6m€5.0m€6.5m€9.8m€10.0m€10.5m€1.9m€0.8m▼ 56.1%
Amounts receivable after more than one year29-----€1.5m---
Other amounts receivable291-----€1.5m---
Amounts receivable within one year40/41€0.06m€0.06m€0.3m€0.4m€0.03m€0.07m€0.003m€0.04m▲ 15×
Trade receivables40---€0.01m€0.02m€0.03m---
Other amounts receivable41---€0.4m€0.009m€0.04m€0.003m€0.04m▲ 15×
Current investments50/53---€1.3m€5.2m€8.1m€1.1m€0.3m▼ 77.0%
Other investments51/53---€1.3m€5.2m€8.1m€1.1m€0.3m▼ 77.0%
Cash at bank and in hand54/58€4.5m€4.9m€6.1m€8.2m€4.8m€0.8m€0.8m€0.5m▼ 33.9%
Deferred charges and accrued income490/1---€0.004m€0.004m€0.01m€0.001m€0.02m▲ 32×
Equity and liabilities
Total equity and liabilities10/49€13.0m€12.9m€14.2m€15.7m€15.2m€15.2m€5.4m€7.5m▲ 39.8%
Equity10/15€11.6m€11.6m€12.3m€12.8m€13.5m€14.0m€4.0m€4.0m▼ 0.1%
Contributions10/11€3.8m€3.8m€3.8m€3.8m€3.8m€3.8m€0.9m€0.9m=
Capital10---€3.8m€3.8m€3.8m€0.9m€0.9m=
Issued capital100---€3.8m€3.8m€3.8m€0.9m€0.9m=
Reserves13€7.9m€7.9m€8.6m€9.1m€9.8m€10.2m€1.9m€1.9m=
Non-distributable reserves130/1---€0.4m€0.4m€0.4m€0.09m€0.09m=
Legal reserve130---€0.4m€0.4m€0.4m€0.09m€0.09m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€382€382=
Tax-exempt reserves132---€2.5m€2.2m€1.9m---
Distributable reserves133---€6.2m€7.2m€7.9m€1.8m€1.8m=
Profit (loss) carried forward14------€1.2m€1.2m▼ 0.2%
Provisions and deferred taxes16€1.1m€1.0m€0.9m€0.8m€0.7m€0.6m€0.5m€0.4m▼ 16.2%
Deferred taxes168---€0.8m€0.7m€0.6m€0.5m€0.4m▼ 16.2%
Amounts payable17/49€0.2m€0.2m€0.9m€2.1m€0.9m€0.5m€0.9m€3.1m▲ 257%
Amounts payable after more than one year17--€0.3m€0.3m€0.2m€0.2m€0.2m€2.3m▲ 14×
Financial debts170/4---€0.3m€0.2m€0.2m€0.2m€2.3m▲ 14×
Credit institutions173---€0.3m€0.2m€0.2m€0.2m€2.3m▲ 14×
Amounts payable within one year42/48€0.1m€0.1m€0.5m€1.8m€0.7m€0.3m€0.7m€0.7m▲ 5.5%
Current portion of amounts payable after more than one year42---€0.03m€0.03m€0.04m€0.04m€0.1m▲ 303%
Trade debts44€0.02m€0.05m€0.01m€0.03m€0.03m€0.08m€0.1m€0.2m▲ 82.8%
Suppliers440/4---€0.03m€0.03m€0.08m€0.1m€0.2m▲ 82.8%
Taxes, remuneration and social security45---€0.05m€0.05m€0.05m€0.3m€0.01m▼ 94.4%
Taxes450/3---€0.01m€0.01m€0.006m€0.3m€0.01m▼ 94.4%
Remuneration and social security454/9---€0.03m€0.04m€0.04m---
Other amounts payable47/48---€1.7m€0.6m€0.2m€0.3m€0.4m▲ 26.2%
Accrued charges and deferred income492/3---€0.06m€0.04m€0.02m€0.007m€0.02m▲ 246%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.01m€0.04m€0.7m€1.5m€0.7m€0.5m€1.2m€0.7m▼ 38.5%
+ Depreciation and write-downs630€0.8m€0.8m€0.6m€0.6m€0.5m€0.5m€0.4m€0.4m▼ 13.8%
Operating cash flow (approximation)€0.8m€0.8m€1.3m€2.1m€1.3m€1.0m€1.7m€1.1m▼ 31.9%
Investment in fixed assets (approximation)--€0.3m-€0.4m€1.2m€0.2m-€0.02m€0.8m-€3.6m-
Change in cash-€0.4m€1.3m€2.0m-€3.3m-€4.0m-€0.01m-€0.3m▼ 1,794%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 19-05-2026 2026-00114321 PDF
31-12-2024 full format 02-06-2025 2025-00114239 PDF
31-12-2023 full format 22-04-2024 2024-00066347 PDF
31-12-2022 full format 02-06-2023 2023-00107337 PDF
31-12-2021 full format 12-05-2022 2022-20028694 PDF
31-12-2020 full format 31-05-2021 2021-16600541 PDF
31-12-2019 full format 28-05-2020 2020-13700316 PDF
31-12-2018 full format 07-06-2019 2019-17600284 PDF
31-12-2017 full format 25-05-2018 2018-14000512 PDF
31-12-2016 full format 02-06-2017 2017-14700500 PDF

Show all 49 filings

Board & ownership

Directors

Directors
3 directors, 1 in day-to-day management, last change in 2026

Board 3

Anna Maria JORIS
Chair of the board and managing director · appointed in the act of 24-06-2022 · Director · in office according to the act of 24-06-2022 · 4-year term from 2026
Current
Michael JORIS
Director · in office according to the act of 24-06-2022 · 4-year term from 2026
Current
Christine JORIS
Director · since 12-04-2024 · 4-year term from 2024 · listed in the 2025 annual accounts, filed on 19-05-2026
Current

Day-to-day management 1

Anna Maria JORIS
Chair of the board and managing director · appointed in the act of 24-06-2022 · 4-year term from 2026
Current

Statutory auditor 1

Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren
Statutory auditor · since 12-04-2024 · listed in the 2025 annual accounts, filed on 19-05-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Samenstelling van de raad van bestuur na de algemene vergadering gehouden op 5 mei 2026: Anna Maria JORIS, voorzitter-bestuurder en…”
deed of 29-06-2026

Owners and capital

Shareholders

1 owner

Chain of control

  1. Parfibel 100%
  2. TRI

Owners 1

Capital transactions

Shareholders according to the deeds
Stated in the act act of 22-07-2024 ↗
Stated in the act act of 03-06-2024 ↗
Capital over time
  1. 22-07-2024 Capital reduction of €2,863,829.16 · to €886,920.84 · “vermindering fractiewaarde bestaande aandelen”

Mandate history

5 people, 4 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
  • end not dated
Mandates per person, with start and end dates
Name Functions and periods
Anna Maria JORIS
  • Director, since before 03-05-2022
  • Chair of the board and managing director, appointed in the act of 24-06-2022, still in office
  • Chair of the board and managing director, appointed in the act of 24-06-2022, still in office
Michael JORIS
  • Director, since before 03-05-2022
Christine JORIS
  • Director, since before 12-04-2024
Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren
  • Statutory auditor, from 12-04-2024 to date
KPMG Bedrijfsrevisoren BV
  • Statutory auditor, appointed in the act of 25-10-2024, no longer listed in the 2025 annual accounts
See the board, name and registered office on a given date →

Network & group

Holdings and subsidiaries

1 holding

Holdings 1

  • Equity €127.4m Loss of €5.3m in 2025 (profit of €1.2m in 2024) Checked score 81
    share not stated

Acquisitions and mergers

1 transaction
Split off to:Parfibel

Companies at the same address

5 other companies

Connections & network

3 current directors
Depth

The network starts from the directors of TRI. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
29-06
Gazette deed Reappointments: Anna Maria JORIS (director) and Michael JORIS (director)
Appointment: Anna Maria JORIS (chair of the board and managing director)7 points ▸
  • General meeting, 05-05-2026
  • Director reappointment, Anna Maria JORIS (director)
  • Director reappointment, Michael JORIS (director)
  • Director appointment, Anna Maria JORIS (chair of the board and managing director)
  • Board composition, Anna Maria JORIS (voorzitter bestuurder en gedelegeerd bestuurder)
  • Board composition, Christine JORIS (director)
  • Board composition, Michael JORIS (director)

Open the act in the Belgian Official Gazette

19-05
NBB filing Annual accounts 2025 filedPDF
full format · 73 days before the deadline
2025
02-06
NBB filing Annual accounts 2024 filedPDF
full format · 59 days before the deadline
2024
25-10
Gazette deed Reappointments: Christine JORIS (director) and KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: H. Van Donink7 points ▸
  • General meeting, 12-04-2024
  • Director reappointment, Christine JORIS (director)
  • Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, H. Van Donink
  • Board composition, Anna Maria JORIS (voorzitter bestuurder en gedelegeerd bestuurder)
  • Board composition, Christine JORIS (director)
  • Board composition, Michael JORIS (director)

Open the act in the Belgian Official Gazette

22-07
Gazette deed Demerger: TRI,INVESTERING-INDUSTRIE-IMMOBILIEN splits off to Parfibel
Company renamed from TRI,INVESTERING - INDUSTRIE - IMMOBILIEN to TRI · Capital decrease of €2,863,829.16 to €886,920.84 · Amendment of the articles8 points ▸
  • General meeting, 26-06-2024
  • Amendment of the articles, mentioned 2 times in the deed
  • Demerger, “geruisloze partiële splitsing, met splitsing door overneming gelijkgestelde verrichting” (deed in Dutch)
  • Parfibel holds all the shares
  • Capital decrease, €2,863,829.16
  • Other provision, “geruisloze partiële splitsing, geen uitkering nieuwe uit te geven aandelen” (deed in Dutch)
  • Registered office clause, “aanduiding adres zetel niet meer in statuten,beperkt tot aanduiding Gewest, 2390 Malle,Steenovenstraat 1” (deed in Dutch)
  • Name change, TRI

Open the act in the Belgian Official Gazette

03-06
Gazette deed Demerger proposal: TRI,INVESTERING-INDUSTRIE-IMMOBILIËN splits off to Parfibel
Shareholding · Accounting effect · Auditor report24 points ▸
  • Board meeting, 26-04-2024
  • Demerger, “met splitsing door overneming gelijkgestelde verrichting”, EUR (deed in Dutch)
  • Parfibel holds all the shares, mentioned 2 times in the deed
  • Other provision, “voorstelprocedure en neerlegging, Splitsende Vennootschap en Overnemende Vennootschap” (deed in Dutch)
  • Other provision, “geen kapitaalverhoging en geen uitgifte aandelen, artikel 12:8,2º juncto artikel 12:71,§2,1° WVV” (deed in Dutch)
  • Other provision, “ruilverhouding van de aandelen en opleg in geld, artikel 12:8,2º juncto artikel 12:71,§2,1° WVV” (deed in Dutch)
  • Other provision, “wijze waarop aandelen in Overnemende Vennootschap worden uitgereikt, artikel 12:8,2º juncto artikel 12:71,§2 WVV” (deed in Dutch)
  • Other provision, “datum winstdeelname en bijzondere regeling, artikel 12:8,2º juncto artikel 12:71,§2 WVV” (deed in Dutch)
  • Accounting effect, 01-01-2024
  • Other provision, “geen kapitaalverhoging,geen uitgifte aandelen en geen rechten bij geruisloze partiële splitsing, artikel 12:59,6°WVV” (deed in Dutch)
  • Other provision, “voorstel tot afstand van verslaggeving artikel 12:61 WVV, verslaggeving uiteengezet in artikel 12:61 WVV” (deed in Dutch)
  • Auditor report, “inbreng in natura, controleverslag overeenkomstig artikel 7:179 juncto artikel 7:197 WVV” (deed in Dutch)
  • The act holds 12 more points.

Open the act in the Belgian Official Gazette

22-04
NBB filing Annual accounts 2023 filedPDF
full format · 100 days before the deadline
2023
31-12
Financial Liquidity more than doubledcurrent ratio 32.80
The current ratio rises from 14.98 to 32.80. Short-term debt falls from €668,867 to €318,956.
02-06
NBB filing Annual accounts 2022 filedPDF
full format · 59 days before the deadline
2022
31-12
Financial Liquidity more than doubledcurrent ratio 14.98
The current ratio rises from 5.56 to 14.98. Short-term debt falls from €1.8m to €668,867.
24-06
Gazette deed Reappointments: Anna Maria JORIS (director) and Michael JORIS (director)
Appointment: Anna Maria JORIS (chair of the board and managing director)9 points ▸
  • Other provision, “publicatiereferentie”, 22075108 (deed in Dutch)
  • General meeting, 03-05-2022
  • Board meeting, 13-04-2022
  • Director reappointment, Anna Maria JORIS (director)
  • Director reappointment, Michael JORIS (director)
  • Director appointment, Anna Maria JORIS (chair of the board and managing director)
  • Board composition, Anna Maria JORIS (voorzitter bestuurder en gedelegeerd bestuurder)
  • Board composition, Christine JORIS (director)
  • Board composition, Michael JORIS (director)

Open the act in the Belgian Official Gazette

12-05
NBB filing Annual accounts 2021 filedPDF
full format · 80 days before the deadline
Show earlier events
2021
31-12
Financial Highest result from 2018 to 2025net €1.5m ▲101%
The operating result of €1.9m and the net result of €1.5m are both a record.
31-05
NBB filing Annual accounts 2020 filedPDF
full format · 61 days before the deadline
2020
28-05
NBB filing Annual accounts 2019 filedPDF
full format · 64 days before the deadline
2019
07-06
NBB filing Annual accounts 2018 filedPDF
full format · 54 days before the deadline
2018
25-05
NBB filing Annual accounts 2017 filedPDF
full format · 67 days before the deadline
2017
02-06
NBB filing Annual accounts 2016 filedPDF
full format · 59 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 3 November 1969, TRI was incorporated.1 The company has filed 49 sets of annual accounts, the latest for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name TRI in Dutch
Former name TRI,INVESTERING - INDUSTRIE - IMMOBILIEN until the act of 22-07-2024
Enterprise number 0406.885.306
Legal form Public limited company
Status Active, normale toestand
Founded 03-11-1969
Entity type Legal entity

Registered office and establishments

Registered office Steenovenstraat 1, 2390 Malle, Belgium
Establishment unit Steenovenstraat 1, 2390 Malle since 01-11-1969 · unit number 2.038.589.810

Activities

NACEBEL 2025
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
68110 Buying and selling of own real estate
Codes under NACEBEL 2008
68203 Real estate rental main activity
68100 Real estate activities
Codes under NACEBEL 2003
70120 main activity
Joint committee 200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025

Invoicing and payment

VAT number BE 0406.885.306
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0406885306
Registered 27-03-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 2 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Environmental permits

1 application in Flanders since 2020 · 1 refused
Nieuwbouw of aanleggen
Refused on 09-04-2021submitted 31-03-2020authority: Departement Omgevingproject 2020002347

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment The establishment unit on the map
6 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
1.7 ha
Building footprint
653 m²
Building volume
3,086 m³
Cadastral parcel Region Area Buildings Height / floors
11032A0633/00C000 Flanders 1.7 ha 1 · 653 m² 29.9 m · 1