TRI CONSTRUCT
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 579 days after the deadline Filed on 2 March 2026, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2026-00048775.
Annual accounts 2023 filed on 02-03-2026 PDF all 18 filings
Turnover
≈ €210,000
Estimated: probably between €97,000 and €310,000
Total assets
€137,974▲ 48.9%
2022 · €92,651
Net result
-€4,062▼ 41.1%
2022 · -€2,880
Working capital
-€19,033▲ 36.3%
2022 · -€29,866
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a profit of €3,345, after a loss of €2,194 in 2022.
Operating result€3,345
2023
Net result-€4,062
2023
Total assets€137,974
2023
Equity€11,033
2023
Debt€126,941
2023
Working capital-€19,033
2023
Return on assets (ROA)-2.9%
2023
Solvency8.0%
2023
Current ratio0.85
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€3,159-€6,844▲ 117%€2,364▼ 65.5%€9,302▲ 294%-€2,194€3,345
Net result€1,019-€3,117▲ 206%€1,217within the sector's middle half▼ 61.0%€6,112within the sector's middle half▲ 402%-€2,880below the sector's middle half-€4,062below the sector's middle half▼ 41.1%
Equity€7,529-€10,646▲ 41.4%€11,862below the sector's middle half▲ 11.4%€17,975below the sector's middle half▲ 51.5%€15,095below the sector's middle half▼ 16.0%€11,033below the sector's middle half▼ 26.9%
Total assets€28,902-€40,508▲ 40.2%€28,604below the sector's middle half▼ 29.4%€65,961below the sector's middle half▲ 131%€92,651within the sector's middle half▲ 40.5%€137,974within the sector's middle half▲ 48.9%
Debt€21,373-€29,862▲ 39.7%€16,741▼ 43.9%€47,986▲ 187%€77,556▲ 61.6%€126,941▲ 63.7%
Working capital€1,331-€4,665▲ 250%€5,639within the sector's middle half▲ 20.9%€37,635within the sector's middle half▲ 567%-€29,866below the sector's middle half-€19,033below the sector's middle half▲ 36.3%
Solvency26.0%-26.3%▲ 0.2pp41.5%within the sector's middle half▲ 15.2pp27.3%within the sector's middle half▼ 14.2pp16.3%below the sector's middle half▼ 11.0pp8.0%below the sector's middle half▼ 8.3pp
Current ratio1.11-1.19▲ 0.071.34within the sector's middle half▲ 0.152.63within the sector's middle half▲ 1.290.61below the sector's middle half▼ 2.010.85below the sector's middle half▲ 0.24
Return on assets (ROA)3.5%-7.7%▲ 4.2pp4.3%within the sector's middle half▼ 3.4pp9.3%within the sector's middle half▲ 5.0pp-3.1%below the sector's middle half▼ 12.4pp-2.9%below the sector's middle half▲ 0.2pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €137,974
Fixed assets
€30,066 ▼ 33.1%
Current assets
€107,908 ▲ 126%
Equity and liabilities €137,974
Equity
€11,033 ▼ 26.9%
Debt
€126,941 ▲ 63.7%
Debt's share of the balance-sheet total rises from 83.7% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,239▲
2022 · €1,719
Cash flow
€11,833▲
2022 · €1,034
Debt to equity
11.51▲
2022 · 5.14
ROE
-36.8%▼
2022 · -19.1%
Interest coverage
3.11▼
2022 · 5.72
Debt ≤ 1 year
€126,941▲
2022 · €77,556
Income taxes
€1,219▲
2022 · €384
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €43,668 | - |
| Depreciation and write-downs of the year | €1,017 | €3,914 | €15,895 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,987 | €8,236 | €8,082 | €1,017 | €3,914 | €15,895 | ▲ 306% |
| Other operating charges640/8 | - | - | - | €2,087 | €1,319 | €2,294 | ▲ 74.0% |
| Gross operating margin9900 | €18,501 | €17,110 | €12,389 | €12,406 | €3,038 | €21,534 | ▲ 609% |
| Operating profit (loss)9901 | €3,159 | €6,844 | €2,364 | €9,302 | -€2,194 | €3,345 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | ▼ 50.0% |
| Recurring financial income75 | €0 | €14 | €401 | - | €0 | €0 | ▼ 50.0% |
| Financial charges65/66B | - | - | - | €549 | €301 | €6,187 | ▲ 21× |
| Recurring financial charges65 | €808 | €931 | €531 | €549 | €301 | €6,187 | ▲ 21× |
| Profit (loss) for the period before taxes9903 | €2,351 | €5,927 | €2,234 | €8,754 | -€2,495 | -€2,843 | ▼ 13.9% |
| Income taxes67/77 | €1,332 | €2,810 | €1,017 | €2,641 | €384 | €1,219 | ▲ 217% |
| Profit (loss) for the period9904 | €1,019 | €3,117 | €1,217 | €6,112 | -€2,880 | -€4,062 | ▼ 41.1% |
| Profit (loss) for the period to be appropriated9905 | €1,019 | €3,117 | €1,217 | €6,112 | -€2,880 | -€4,062 | ▼ 41.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €28,902 | €40,508 | €28,604 | €65,961 | €92,651 | €137,974 | ▲ 48.9% |
| Fixed assets21/28 | €15,885 | €10,707 | €6,224 | €5,207 | €44,961 | €30,066 | ▼ 33.1% |
| Tangible fixed assets22/27 | €15,655 | €10,477 | €5,644 | €4,627 | €44,381 | €29,486 | ▼ 33.6% |
| Land and buildings22 | - | - | - | €2,063 | €1,725 | €1,474 | ▼ 14.6% |
| Plant, machinery and equipment23 | - | - | - | €825 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,738 | €42,656 | €28,012 | ▼ 34.3% |
| Financial fixed assets28 | €230 | €230 | €580 | €580 | €580 | €580 | = |
| Current assets29/58 | €13,017 | €29,801 | €22,380 | €60,755 | €47,690 | €107,908 | ▲ 126% |
| Amounts receivable within one year40/41 | €4,495 | €20,832 | €21,160 | €59,606 | €46,744 | €105,970 | ▲ 127% |
| Trade receivables40 | - | - | - | €41,345 | €20,467 | €100,368 | ▲ 390% |
| Other amounts receivable41 | - | - | - | €18,261 | €26,277 | €5,602 | ▼ 78.7% |
| Cash at bank and in hand54/58 | €7,499 | €7,769 | €1,220 | - | - | €1,938 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,148 | €947 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €28,902 | €40,508 | €28,604 | €65,961 | €92,651 | €137,974 | ▲ 48.9% |
| Equity10/15 | €7,529 | €10,646 | €11,862 | €17,975 | €15,095 | €11,033 | ▼ 26.9% |
| Contributions10/11 | €11,750 | €11,750 | - | €11,750 | €11,750 | €11,750 | = |
| Profit (loss) carried forward14 | -€4,221 | -€1,104 | €112 | €6,225 | €3,345 | -€717 | - |
| Amounts payable17/49 | €21,373 | €29,862 | €16,741 | €47,986 | €77,556 | €126,941 | ▲ 63.7% |
| Amounts payable after more than one year17 | €9,687 | €4,687 | - | - | - | - | - |
| Amounts payable within one year42/48 | €11,686 | €25,136 | €16,741 | €23,119 | €77,556 | €126,941 | ▲ 63.7% |
| Financial debts43 | - | - | - | - | €252 | €112,999 | ▲ 448× |
| Credit institutions430/8 | - | - | - | - | €252 | - | - |
| Other loans439 | - | - | - | - | - | €112,999 | - |
| Trade debts44 | - | €17,315 | €8,216 | €16,749 | €74,267 | €13,942 | ▼ 81.2% |
| Suppliers440/4 | - | - | - | €16,749 | €74,267 | €13,942 | ▼ 81.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,670 | €3,037 | - | - |
| Taxes450/3 | - | - | - | €3,670 | €3,037 | - | - |
| Other amounts payable47/48 | - | - | - | €2,700 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €24,867 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,019 | €3,117 | €1,217 | €6,112 | -€2,880 | -€4,062 | ▼ 41.1% |
| + Depreciation and write-downs630 | €12,987 | €8,236 | €8,082 | €1,017 | €3,914 | €15,895 | ▲ 306% |
| Operating cash flow (approximation) | €14,005 | €11,353 | €9,299 | €7,130 | €1,034 | €11,833 | ▲ 11× |
| Investment in fixed assets (approximation) | - | -€3,058 | -€3,599 | €0 | -€43,668 | -€999 | ▲ 97.7% |
| Change in cash | - | €270 | -€6,549 | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 02-03-2026 | 2026-00048775 | |
| 31-12-2022 | micro format | 11-12-2023 | 2023-00527312 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20467990 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52400130 | |
| 31-12-2019 | micro format | 09-11-2020 | 2020-69700096 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58100383 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-68100573 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-66400457 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-59100409 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-51200244 |