TRI-SOFT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 25 filings
Turnover
≈ €30,000
Estimated: probably between €16,000 and €57,000
Total assets
€118,485▼ 37.4%
2024 · €189,422
Net result
-€22,576
2024 · €18,221
Working capital
€29,644▼ 7.3%
2024 · €31,984
In the rankings
#7 oldest company in Zandhoven, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€20,666
2025
20182025
Net result
-€22,576
2025
lowest quarter of the sector
20182025
Equity
€105,277
▼ 17.7%
2025
middle half of the sector
20182025
Total assets
€118,485
▼ 37.4%
2025
middle half of the sector
20182025
Debt
€13,208
▼ 78.5%
2025
20182025
Working capital
€29,644
▼ 7.3%
2025
middle half of the sector
20182025
Solvency
88.9%
▲ 21.4pp
2025
highest quarter of the sector
20182025
Current ratio
3.24
▲ 1.68
2025
middle half of the sector
20182025
Return on assets (ROA)
-19.1%
▼ 28.7pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€24,524-€37,212▲ 51.7%€32,314▼ 13.2%€4,810▼ 85.1%€9,087▲ 88.9%€19,848▲ 118%€27,698▲ 39.5%-€20,666
Net result€17,550-€25,982▲ 48.0%€21,277within the sector's middle half▼ 18.1%-€348below the sector's middle half€2,322below the sector's middle half€11,120within the sector's middle half▲ 379%€18,221within the sector's middle half▲ 63.9%-€22,576below the sector's middle half
Equity€66,278-€92,260▲ 39.2%€113,537within the sector's middle half▲ 23.1%€113,189within the sector's middle half▼ 0.3%€115,511within the sector's middle half▲ 2.1%€126,631within the sector's middle half▲ 9.6%€127,853within the sector's middle half▲ 1.0%€105,277within the sector's middle half▼ 17.7%
Total assets€91,634-€105,128▲ 14.7%€128,569within the sector's middle half▲ 22.3%€131,764within the sector's middle half▲ 2.5%€134,343within the sector's middle half▲ 2.0%€164,290within the sector's middle half▲ 22.3%€189,422within the sector's middle half▲ 15.3%€118,485within the sector's middle half▼ 37.4%
Debt€25,355-€12,867▼ 49.3%€15,032▲ 16.8%€18,575▲ 23.6%€18,832▲ 1.4%€37,658▲ 100.0%€61,569▲ 63.5%€13,208▼ 78.5%
Working capital€37,846-€70,053▲ 85.1%€94,259within the sector's middle half▲ 34.6%€96,338within the sector's middle half▲ 2.2%€102,650within the sector's middle half▲ 6.6%€62,842within the sector's middle half▼ 38.8%€31,984within the sector's middle half▼ 49.1%€29,644within the sector's middle half▼ 7.3%
Solvency72.3%-87.8%▲ 15.4pp88.3%above the sector's middle half▲ 0.5pp85.9%above the sector's middle half▼ 2.4pp86.0%above the sector's middle half▲ 0.1pp77.1%within the sector's middle half▼ 8.9pp67.5%within the sector's middle half▼ 9.6pp88.9%above the sector's middle half▲ 21.4pp
Current ratio2.49-6.44▲ 3.957.27above the sector's middle half▲ 0.836.19above the sector's middle half▼ 1.086.45above the sector's middle half▲ 0.263.81within the sector's middle half▼ 2.641.57within the sector's middle half▼ 2.253.24within the sector's middle half▲ 1.68
Return on assets (ROA)19.2%-24.7%▲ 5.6pp16.5%within the sector's middle half▼ 8.2pp-0.3%below the sector's middle half▼ 16.8pp1.7%below the sector's middle half▲ 2.0pp6.8%within the sector's middle half▲ 5.0pp9.6%within the sector's middle half▲ 2.9pp-19.1%below the sector's middle half▼ 28.7pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 operating result for 2025 is a loss of €20,666, after a profit of €27,698 in 2024. It is the lowest result since 2021.
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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,485
Fixed assets
€75,633 ▼ 25.1%
Current assets
€42,852 ▼ 51.5%
Equity and liabilities €118,485
Equity
€105,277 ▼ 17.7%
Debt
€13,208 ▼ 78.5%
Debt's share of the balance-sheet total falls from 32.5% to 11.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,742▼
2024 · €50,215
Cash flow
€2,832▼
2024 · €40,738
Debt to equity
0.13▼
2024 · 0.48
ROE
-21.4%▼
2024 · 14.3%
Interest coverage
4.86▼
2024 · 30.37
Debt ≤ 1 year
€13,208▼
2024 · €56,397
Debt > 1 year
€0▼
2024 · €5,172
Income taxes
€1,027▼
2024 · €8,196
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,155 | €4,406 | €71,721 | €44,442 | - |
| Depreciation and write-downs of the year | €8,582 | €8,397 | €5,465 | €22,517 | €25,408 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €571 awarded · €571 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,107 | €10,862 | €10,329 | €8,582 | €8,397 | €5,465 | €22,517 | €25,408 | ▲ 12.8% |
| Other operating charges640/8 | - | - | - | €563 | €567 | €559 | €670 | €730 | ▲ 8.9% |
| Gross operating margin9900 | €42,554 | €49,230 | €43,340 | €13,956 | €18,052 | €25,873 | €50,885 | €5,472 | ▼ 89.2% |
| Operating profit (loss)9901 | €24,524 | €37,212 | €32,314 | €4,810 | €9,087 | €19,848 | €27,698 | -€20,666 | - |
| Financial income75/76B | - | - | - | €50 | €0 | €113 | €373 | €93 | ▼ 75.1% |
| Recurring financial income75 | €5 | - | €27 | €50 | €0 | €113 | €373 | €93 | ▼ 75.1% |
| Financial charges65/66B | - | - | - | €13 | - | €128 | €1,653 | €975 | ▼ 41.0% |
| Recurring financial charges65 | €59 | €84 | €15 | €13 | - | €128 | €1,653 | €975 | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | €24,470 | €37,128 | €32,326 | €4,848 | €9,088 | €19,834 | €26,418 | -€21,548 | - |
| Income taxes67/77 | €6,920 | €11,146 | €11,050 | €5,196 | €6,766 | €8,713 | €8,196 | €1,027 | ▼ 87.5% |
| Profit (loss) for the period9904 | €17,550 | €25,982 | €21,277 | -€348 | €2,322 | €11,120 | €18,221 | -€22,576 | - |
| Profit (loss) for the period to be appropriated9905 | €17,550 | €25,982 | €21,277 | -€348 | €2,322 | €11,120 | €18,221 | -€22,576 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €91,634 | €105,128 | €128,569 | €131,764 | €134,343 | €164,290 | €189,422 | €118,485 | ▼ 37.4% |
| Fixed assets21/28 | €28,433 | €22,207 | €19,278 | €16,852 | €12,861 | €79,116 | €101,041 | €75,633 | ▼ 25.1% |
| Tangible fixed assets22/27 | €28,433 | €22,207 | €19,278 | €16,852 | €12,861 | €79,116 | €101,041 | €75,633 | ▼ 25.1% |
| Land and buildings22 | - | - | - | - | €927 | €828 | €729 | €630 | ▼ 13.6% |
| Plant, machinery and equipment23 | - | - | - | €11,724 | €11,934 | €8,373 | €2,684 | €968 | ▼ 63.9% |
| Furniture and vehicles24 | - | - | - | €5,128 | €0 | €69,915 | €88,277 | €65,635 | ▼ 25.6% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €9,350 | €8,399 | ▼ 10.2% |
| Current assets29/58 | €63,201 | €82,920 | €109,291 | €114,912 | €121,482 | €85,174 | €88,381 | €42,852 | ▼ 51.5% |
| Amounts receivable within one year40/41 | €22,743 | €17,546 | €15,222 | €15,190 | €15,395 | €19,002 | €20,869 | €1,427 | ▼ 93.2% |
| Trade receivables40 | - | - | - | €15,190 | €15,395 | €17,991 | €15,818 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | - | €1,011 | €5,052 | €1,427 | ▼ 71.7% |
| Cash at bank and in hand54/58 | €40,458 | €61,177 | €89,872 | €95,525 | €101,891 | €60,121 | €62,146 | €36,324 | ▼ 41.6% |
| Deferred charges and accrued income490/1 | - | - | - | €4,197 | €4,197 | €6,051 | €5,365 | €5,101 | ▼ 4.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €91,634 | €105,128 | €128,569 | €131,764 | €134,343 | €164,290 | €189,422 | €118,485 | ▼ 37.4% |
| Equity10/15 | €66,278 | €92,260 | €113,537 | €113,189 | €115,511 | €126,631 | €127,853 | €105,277 | ▼ 17.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €2,113 | €19,113 | €32,113 | €32,113 | €32,113 | €42,113 | €43,334 | €43,334 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €253 | €253 | €253 | €253 | €253 | = |
| Distributable reserves133 | - | - | - | €30,000 | €30,000 | €41,860 | €43,081 | €43,081 | = |
| Profit (loss) carried forward14 | €45,566 | €54,548 | €62,825 | €62,477 | €64,798 | €65,919 | €65,919 | €43,343 | ▼ 34.2% |
| Amounts payable17/49 | €25,355 | €12,867 | €15,032 | €18,575 | €18,832 | €37,658 | €61,569 | €13,208 | ▼ 78.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | €15,326 | €5,172 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | - | €15,326 | €5,172 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €25,355 | €12,867 | €15,032 | €18,575 | €18,832 | €22,332 | €56,397 | €13,208 | ▼ 76.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €14,674 | €25,324 | €5,172 | ▼ 79.6% |
| Financial debts43 | - | - | - | - | - | - | €701 | €639 | ▼ 8.8% |
| Credit institutions430/8 | - | - | - | - | - | - | €701 | €639 | ▼ 8.8% |
| Trade debts44 | €16,133 | €3,698 | €218 | €3,273 | €2,589 | €1,746 | €1,148 | €1,005 | ▼ 12.4% |
| Suppliers440/4 | - | - | - | €3,273 | €2,589 | €1,746 | €1,148 | €1,005 | ▼ 12.4% |
| Taxes, remuneration and social security45 | - | - | - | €9,955 | €8,356 | €4,896 | €12,224 | €988 | ▼ 91.9% |
| Taxes450/3 | - | - | - | €9,955 | €8,356 | €4,896 | €12,224 | €988 | ▼ 91.9% |
| Other amounts payable47/48 | - | - | - | €5,347 | €7,887 | €1,015 | €17,000 | €5,403 | ▼ 68.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,550 | €25,982 | €21,277 | -€348 | €2,322 | €11,120 | €18,221 | -€22,576 | - |
| + Depreciation and write-downs630 | €10,107 | €10,862 | €10,329 | €8,582 | €8,397 | €5,465 | €22,517 | €25,408 | ▲ 12.8% |
| Operating cash flow (approximation) | €27,657 | €36,844 | €31,606 | €8,234 | €10,719 | €16,586 | €40,738 | €2,832 | ▼ 93.0% |
| Investment in fixed assets (approximation) | - | -€4,636 | -€7,400 | -€6,155 | -€4,406 | -€71,721 | -€44,442 | €0 | - |
| Change in cash | - | €20,719 | €28,695 | €5,653 | €6,365 | -€41,769 | €2,025 | -€25,822 | - |
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, 5,831 companies had the same profile as TRI-SOFT has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TRI-SOFT itself is lower: 0.1% within 12 months. It rests on far more data about TRI-SOFT than the profile alone.
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 5,831 companies, not a prediction for TRI-SOFT. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00240838 | |
| 31-12-2024 | micro format | 15-04-2025 | 2025-00069693 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00108104 | |
| 31-12-2022 | micro format | 01-06-2023 | 2023-00102806 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20077804 | |
| 31-12-2020 | micro format | 17-08-2021 | 2021-49200529 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-19200246 | |
| 31-12-2018 | abbreviated format | 26-07-2019 | 2019-39200168 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-27600323 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25900188 |