TRIANGLE BLEU
ActiveSummary
TRIANGLE BLEU has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €814k and a net result of €-42k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-3
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.49 in 2023; short-term debt: 13.9% and cash: 2.2% of total assets), and 14.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
85.1%
Return on assets
-4.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-42k
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
70 d early
2022
1 d early
2021
25 d early
2020
31 d early
2019
26 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€137k
EBIT margin
-16.4%
Net result
€-42k▼ 113%
2023 · €-20k
2018: €-23k
2019: €-12k
2020: €-11k
2021: €-10k
2022: €-11k
2023: €-20k
2018 → 2024
Working capital
€-89k▼ 33.1%
2023 · €-67k
2018: €-64k
2019: €-63k
2020: €-61k
2021: €-59k
2022: €-58k
2023: €-67k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€117k-€107k▼ 8.4%€95k▼ 10.7%€867k▲ 809%€814k▼ 6.1%
Operating result€-11k-€-10k▲ 13.2%€-11k▼ 16.6%€-20k▼ 72.1%€-42k▼ 115%
Net result€-11k-€-10k▲ 13.2%€-11k▼ 16.6%€-20k▼ 71.8%€-42k▼ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2024 against €20k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €957k
Fixed assets
€913k ▼ 2.3%
Current assets
€44k ▼ 30.2%
Equity and liabilities €957k
Equity
€814k ▼ 6.1%
Debt
€143k ▲ 9.5%
Debt's share of the balance-sheet total rises from 13.1% to 14.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2023 · €-9k
Cash flow
€-21k▼
2023 · €-9k
Current ratio
0.33▼
2023 · 0.49
Quick ratio
0.20▼
2023 · 0.27
Debt to equity
0.18▲
2023 · 0.15
ROE
-5.2%▼
2023 · -2.3%
ROA
-4.4%▼
2023 · -2.0%
Interest coverage
-466.13▼
2023 · -204.42
Debt ≤ 1 year
€133k▲
2023 · €130k
Debt > 1 year
€71▼
2023 · €72
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€998k€957k▼
Fixed assets21/28€934k€913k▼
Tangible fixed assets22/27€934k€913k▼
Land and buildings22€791k€781k▼
Plant, machinery and equipment23€143k€132k▼
Leasing and similar rights25€29€26▼
Current assets29/58€64k€44k▼
Stocks and contracts in progress3€28k€18k▼
Stocks30/36€28k€18k▼
Amounts receivable within one year40/41€4k€5k▲
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€31k€21k▼
Equity and liabilities
Total equity and liabilities10/49€998k€957k▼
Equity10/15€867k€814k▼
Contributions10/11€292k€292k=
Capital10€292k€292k=
Issued capital100€292k€292k=
Revaluation surpluses12-€781k
Reserves13€791k-
Tax-exempt reserves132€791k-
Profit (loss) carried forward14€-216k€-258k▼
Amounts payable17/49€130k€143k▲
Amounts payable after more than one year17€72€71▼
Financial debts170/4€72€71▼
Amounts payable within one year42/48€130k€133k▲
Current portion of amounts payable after more than one year42€1€1=
Trade debts44€838€4k▲
Suppliers440/4€838€4k▲
Other amounts payable47/48€130k€130k=
Accrued charges and deferred income492/3-€9k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€21k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€-6k€-17k▼
Operating profit (loss)9901€-20k€-42k▼
Financial income75/76B-€177
Recurring financial income75-€177
Non-recurring financial income76B-€177
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€-20k€-42k▼
Profit (loss) for the period9904€-20k€-42k▼
Profit (loss) for the period to be appropriated9905€-20k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-216k€-258k▼
Profit (loss) brought forward from the previous period14P€-196k€-216k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €867k ▲809%
Equity rises from €95k to €867k.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Stavelot · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Cour de l'Abbaye 54970 StavelotGround area
1.6 ha
Building footprint
3,121 m²
Volume, LiDAR
68,084 m³
2 parcels, Wallonia · tallest building 24.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LE TRIANGLE BLEU ART CONTEMPOR
since 19862.036.153.427
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63073B1654/00R000 ProtectedSite or landscape |
Wallonia | 1.6 ha | 1 · 2,847 m² | 24.6 m · 5 fl. |
| 63073B2048/00A000 ProtectedMonument · Site or landscape |
Wallonia | 658 m² | 1 · 275 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
EURO JOE
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Van Rooy
BE 0430.026.536
Lier · Eq €808k
STAAIENHOF
BE 0466.465.575
Sint-Truiden · Eq €827k
PHF INVEST
BE 0843.305.726
Wavre · Eq €831k
MEKANIKA
BE 0740.501.760
Anderlecht · Eq €790k
Of 4,243 companies in sector 47789 we hold annual accounts for 1,019. 558 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.