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TRIANGLE

Active
Public limited companyfounded 200421 yrs activeLatemstraat 171, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0870.078.023

TRIANGLE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €112k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 4456 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
86 / 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-1
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 13.37 against 15.1 in 2024), and 2.4% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
97.6%
Return on assets
8.9%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
31 d early
2023
58 d early
2022
38 d early
2021
33 d early
2020
43 d early
2019
16 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
09-09-2026 today31-12-2026 close31-07-2027 deadline
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

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€112k▲ 6.0%
2024 · €106k
2018: €43k 2020: €85k 2021: €87k 2022: €94k 2023: €101k 2024: €106k
2018 → 2025
Working capital
€369k▲ 43.6%
2024 · €257k
2018: €-143k 2020: €-130k 2021: €-44k 2022: €50k 2023: €151k 2024: €257k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€816k-€909k▲ 11.5%€1.01M▲ 11.1%€1.12M▲ 10.5%€1.23M▲ 10.0%
Operating result€118k-€126k▲ 6.3%€135k▲ 7.5%€141k▲ 4.4%€144k▲ 2.1%
Net result€87k-€94k▲ 8.0%€101k▲ 8.3%€106k▲ 4.4%€112k▲ 6.0%
Result per fiscal year
Operating resultNet result
€0€50k€100k€150kOperating result 2021: €118k€118kNet result 2021: €87k€87kOperating result 2022: €126k€126kNet result 2022: €94k€94kOperating result 2023: €135k€135kNet result 2023: €101k€101kOperating result 2024: €141k€141kNet result 2024: €106k€106kOperating result 2025: €144k€144kNet result 2025: €112k€112k20212022202320242025
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets €859k=
Current assets €399k▲ 45.0%
Equity and liabilities €1.26M
Equity €1.23M▲ 10.0%
Debt €30k▲ 63.7%
The debt ratio rises from 1.6% to 2.4%: debt grows faster than equity.
Key figures and ratios
2025 value · change against 2024
Solvency
97.6%
2024 · 98.4%
Current ratio
13.37
2024 · 15.10
Quick ratio
13.37
2024 · 15.10
Debt / equity
0.02
2024 · 0.02
ROE
9.1%
2024 · 9.5%
ROA
8.9%
2024 · 9.3%
Debt
€30k
2024 · €18k
Debt ≤ 1 year
€30k
2024 · €18k
Income taxes
€37k
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€1.13M€1.26M
Fixed assets21/28€859k€859k=
Tangible fixed assets22/27€859k€859k=
Land and buildings22€859k€859k=
Current assets29/58€275k€399k
Amounts receivable within one year40/41€0€306k
Trade receivables40€0-
Other amounts receivable41-€306k
Cash at bank and in hand54/58€275k€94k
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.26M
Equity10/15€1.12M€1.23M
Contributions10/11€123k€123k=
Capital10€123k€123k=
Issued capital100€123k€123k=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Profit (loss) carried forward14€981k€1.09M
Amounts payable17/49€18k€30k
Amounts payable within one year42/48€18k€30k
Trade debts44€593€3k
Suppliers440/4€593€3k
Advances received on contracts in progress46€12k€12k
Taxes, remuneration and social security45€5k€15k
Taxes450/3€5k€15k
Income statement Code20242025
Other operating charges640/8€271€254
Gross operating margin9900€141k€144k
Operating profit (loss)9901€141k€144k
Financial income75/76B€1€6k
Recurring financial income75€1€6k
Financial charges65/66B€36€53
Recurring financial charges65€36€53
Profit (loss) for the period before taxes9903€141k€150k
Income taxes67/77€35k€37k
Profit (loss) for the period9904€106k€112k
Profit (loss) for the period to be appropriated9905€106k€112k
Appropriation of the result
Profit (loss) to be appropriated9906€981k€1.09M
Profit (loss) brought forward from the previous period14P€875k€981k

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2018net €112k ▲6%
Operating result €144k, net result €112k, both a record.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Liquidity doublescurrent ratio 17.15
Current ratio from 8.56 to 17.15.
31-12
Financial Equity above €1MEq €1.01M ▲11.1%
5 profitable years in a row build equity to €1.01M.
23-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Liquidity times 11current ratio 8.56
Current ratio from 0.78 to 8.56; short-term debt falls from €201k to €7k.
28-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Equity above €500kEq €729k ▲124%
2 profitable years in a row build equity to €729k.
15-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2005
exact location from the address register On OpenStreetMap
Ground area
5,506 m²
Building footprint
549 m²
Volume, LiDAR
5,297 m³
Parcel 44064B0002/00W000, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Triangle
Latemstraat 171, 9830 Sint-Martens-LatemPhotography, excluding press photography
since 20052.148.340.954
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064B0002/00W000 Flanders 5,506 m² 1 · 549 m² 13.9 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 11,965 companies in sector 68203 we hold annual accounts for 5,941. 3,970 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded19-11-2004
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers

Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.