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TRIALZEN

Active
Public limited companyfounded 20215 yrs activeChaussée de Louvain 490, 1380 Lasne, BelgiumKBO/BCE: BE 0770.478.918
Summary

The annual accounts of TRIALZEN for fiscal year 2024 show a net loss of 64% of total assets and of 262% of the equity at the start of that year. The 2024 annual accounts show equity of €112,786 and a net result of -€173,539. Equity is growing by ~90.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 37965 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency66▼-30
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.71 against 3.45 in 2023; short-term debt: 57.9% and cash: 85.1% of total assets), but 58.7% of the assets are financed with debt.
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Signals

Seven 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
41.3%
Return on assets
-63.6%
Age of the figures
24 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 152 days later.
NBB · 3 filings
Position against the passed deadline
30-09-2025 close30-04-2026 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 15-04-2025, 15 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not filed
2024
15 d early
2023
2 d early
2022
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TRIALZEN was incorporated on 29 June 2021 as a Public limited company.1 The registered office was moved to Lasne in 2026.2 Total assets rose from EUR 26,231 in 2022 to EUR 272,851 in 2024 and headcount from 1 to 0.7 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-08-2026
  3. 3National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€112,786▲ 70.1%
2023 · €66,325
Total assets
€272,851▲ 194%
2023 · €92,925
Net result
-€173,539▼ 36.9%
2023 · -€126,722
Working capital
€112,380▲ 72.1%
2023 · €65,304
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€206,880--€130,005▲ 37.2%-€173,536▼ 33.5%
Net result-€206,954below the sector's middle half--€126,722below the sector's middle half▲ 38.8%-€173,539below the sector's middle half▼ 36.9%
Equity-€6,954below the sector's middle half-€66,325within the sector's middle half€112,786within the sector's middle half▲ 70.1%
Total assets€26,231below the sector's middle half-€92,925within the sector's middle half▲ 254%€272,851within the sector's middle half▲ 194%
Debt€33,185-€26,601▼ 19.8%€158,065▲ 494%
Working capital-€8,772below the sector's middle half-€65,304within the sector's middle half€112,380within the sector's middle half▲ 72.1%
Solvency-26.5%below the sector's middle half-71.4%within the sector's middle half▲ 97.9pp41.3%within the sector's middle half▼ 30.0pp
Current ratio0.74below the sector's middle half-3.45within the sector's middle half▲ 2.721.71within the sector's middle half▼ 1.74
Return on assets (ROA)-789.0%below the sector's middle half--136.4%below the sector's middle half▲ 652.6pp-63.6%below the sector's middle half▲ 72.8pp
Staff (FTE)1-1=0.7▼ 30.0%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€300,000-€200,000-€100,000€0Operating result 2022: -€206,880-€206,880Net result 2022: -€206,954-€206,954Operating result 2023: -€130,005-€130,005Net result 2023: -€126,722-€126,722Operating result 2024: -€173,536-€173,536Net result 2024: -€173,539-€173,539202220232024-€300,000-€200,000-€100,000€0Operating result 2022: -€206,880-€207,000Net result 2022: -€206,954-€207,000Operating result 2023: -€130,005-€130,000Net result 2023: -€126,722-€127,000Operating result 2024: -€173,536-€174,000Net result 2024: -€173,539-€174,000202220232024
The operating result stays negative: a loss of €173,536 in 2024 against €130,005 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €272,851
Fixed assets €2,406 ▲ 136%
Current assets €270,446 ▲ 194%
Equity and liabilities €272,851
Equity €112,786 ▲ 70.1%
Provisions €2,000
Debt €158,065 ▲ 494%
Debt's share of the balance-sheet total rises from 28.6% to 57.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€173,500▼
2023 · -€129,208
Cash flow
-€173,503▼
2023 · -€125,924
Debt to equity
1.40▲
2023 · 0.40
ROE
-153.9%▲
2023 · -191.1%
Interest coverage
-221.31▲
2023 · -666.54
Debt ≤ 1 year
€158,065▲
2023 · €26,601
Income taxes
€85▲
2023 · €62
Staff costs
€42,689▼
2023 · €43,680
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.0% went bankrupt
9.5% stopped otherwise
87% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€92,925€272,851▲
Fixed assets21/28€1,021€2,406▲
Tangible fixed assets22/27€1,021€2,406▲
Furniture and vehicles24€1,021€2,406▲
Current assets29/58€91,905€270,446▲
Amounts receivable within one year40/41€16,066€37,461▲
Trade receivables40€7,470€25,000▲
Other amounts receivable41€8,596€12,461▲
Cash at bank and in hand54/58€75,839€232,219▲
Deferred charges and accrued income490/1-€766
Equity and liabilities
Total equity and liabilities10/49€92,925€272,851▲
Equity10/15€66,325€112,786▲
Contributions10/11€400,000€620,000▲
Capital10€400,000€620,000▲
Issued capital100€400,000€950,000▲
Uncalled capital101-€330,000
Profit (loss) carried forward14-€333,675-€507,214▼
Provisions and deferred taxes16-€2,000
Provisions for liabilities and charges160/5-€2,000
Other liabilities and charges164/5-€2,000
Amounts payable17/49€26,601€158,065▲
Amounts payable within one year42/48€26,601€158,065▲
Trade debts44€17,055€22,710▲
Suppliers440/4€17,055€22,710▲
Taxes, remuneration and social security45€9,188€289▼
Taxes450/3€72€289▲
Remuneration and social security454/9€9,115€0▼
Other amounts payable47/48€359€135,066▲
Income statement Code20232024
Remuneration, social security and pensions62€43,680€42,689▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€797€36▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€2,000
Other operating charges640/8€348€384▲
Non-recurring operating charges66A-€194
Gross operating margin9900-€85,181-€128,233▼
Operating profit (loss)9901-€130,005-€173,536▼
Financial income75/76B€3,539€866▼
Recurring financial income75€3,539€866▼
Financial charges65/66B€194€784▲
Recurring financial charges65€194€784▲
Profit (loss) for the period before taxes9903-€126,660-€173,454▼
Income taxes67/77€62€85▲
Profit (loss) for the period9904-€126,722-€173,539▼
Profit (loss) for the period to be appropriated9905-€126,722-€173,539▼
Appropriation of the result
Profit (loss) to be appropriated9906-€333,675-€507,214▼
Profit (loss) brought forward from the previous period14P-€206,954-€333,675▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62€32,552€43,680€42,689▼ 2.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€573€797€36▼ 95.5%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€2,000-
Other operating charges640/8€348€348€384▲ 10.6%
Non-recurring operating charges66A--€194-
Gross operating margin9900-€173,407-€85,181-€128,233▼ 50.5%
Operating profit (loss)9901-€206,880-€130,005-€173,536▼ 33.5%
Financial income75/76B€142€3,539€866▼ 75.5%
Recurring financial income75€142€3,539€866▼ 75.5%
Financial charges65/66B€216€194€784▲ 304%
Recurring financial charges65€216€194€784▲ 304%
Profit (loss) for the period before taxes9903-€206,954-€126,660-€173,454▼ 36.9%
Income taxes67/77-€62€85▲ 37.5%
Profit (loss) for the period9904-€206,954-€126,722-€173,539▼ 36.9%
Profit (loss) for the period to be appropriated9905-€206,954-€126,722-€173,539▼ 36.9%
Line202220232024Change
Assets
Total assets20/58€26,231€92,925€272,851▲ 194%
Fixed assets21/28€1,818€1,021€2,406▲ 136%
Tangible fixed assets22/27€1,818€1,021€2,406▲ 136%
Furniture and vehicles24€1,818€1,021€2,406▲ 136%
Current assets29/58€24,413€91,905€270,446▲ 194%
Amounts receivable within one year40/41€7,243€16,066€37,461▲ 133%
Trade receivables40€4,470€7,470€25,000▲ 235%
Other amounts receivable41€2,773€8,596€12,461▲ 45.0%
Cash at bank and in hand54/58€17,112€75,839€232,219▲ 206%
Deferred charges and accrued income490/1€57-€766-
Equity and liabilities
Total equity and liabilities10/49€26,231€92,925€272,851▲ 194%
Equity10/15-€6,954€66,325€112,786▲ 70.1%
Contributions10/11€200,000€400,000€620,000▲ 55.0%
Capital10€200,000€400,000€620,000▲ 55.0%
Issued capital100€200,000€400,000€950,000▲ 138%
Uncalled capital101--€330,000-
Profit (loss) carried forward14-€206,954-€333,675-€507,214▼ 52.0%
Provisions and deferred taxes16--€2,000-
Provisions for liabilities and charges160/5--€2,000-
Other liabilities and charges164/5--€2,000-
Amounts payable17/49€33,185€26,601€158,065▲ 494%
Amounts payable within one year42/48€33,185€26,601€158,065▲ 494%
Trade debts44€3,608€17,055€22,710▲ 33.2%
Suppliers440/4€3,608€17,055€22,710▲ 33.2%
Taxes, remuneration and social security45€4,576€9,188€289▼ 96.9%
Taxes450/3-€72€289▲ 300%
Remuneration and social security454/9€4,576€9,115€0▼ 100%
Other amounts payable47/48€25,000€359€135,066▲ 37,560%
Line202220232024Change
Profit (loss) for the period9904-€206,954-€126,722-€173,539▼ 36.9%
+ Depreciation and write-downs630€573€797€36▼ 95.5%
Operating cash flow (approximation)-€206,381-€125,924-€173,503▼ 37.8%
Investment in fixed assets (approximation)-€0-€1,420-
Change in cash-€58,727€156,380▲ 166%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
27-08
State Gazette act Registered office
Director in office · Registered-office move3 facts ▸
  • Board meeting, 18-07-2026
  • Director in office, Bruno Coppé (chair of the board)
  • Registered-office move, Chaussée de Louvain, 490 à 1380 Lasne
2025
15-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Equity above €100,000Eq €112,786 ▲70.1%
Equity rises from €66,325 to €112,786.
28-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Liquidity times 5current ratio 3.45
Current ratio from 0.74 to 3.45; short-term debt falls from €33,185 to €26,601.
28-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts

Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
3,144 m²
Building footprint
397 m²
Volume, LiDAR
2,716 m³
Parcel 25076G0096/00A000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
28 companies at this address See who is registered here
1 establishment unit
TRIALZEN
Chaussée de Louvain 490, 1380 LasneOther education
since 20212.320.019.274
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25076G0096/00A000 Wallonia 3,144 m² 1 · 397 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,801 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-06-2021
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0770478918
Registered 27-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.