Active BE 0822.717.673Private limited company

Triangle Factory

Dublinstraat 35 ·9000 Gent, Belgium· 16 yrs active

Sector: Ontwerpen van computerprogramma’s (62100)

Conclusion Checked

The computed 12-month bankruptcy probability of Triangle Factory is 0.1% (very low). The 2024 annual accounts show equity of €8.29M and a net result of €221k. Equity is growing by ~100.8% per year across the filed fiscal years. Its solvency ranks better than 93% of 561 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€8.29M
Net result	€221k
Staff (FTE)	30.3
Better than sector	93%

Snowflake analysis 5 of 5 axes measured · computed by Checked

72 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 68

Profitability 13

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2010, 16 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

68 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 28-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~100.8%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	90.9%	34.8%	better than 93% of 561 sector peers
Net result	€221k	€15k	better than 90% of 561 sector peers
Equity	€8.29M	€79k	better than 95% of 561 sector peers
Gross operating margin	€1.69M	€81k	better than 93% of 560 sector peers
Staff costs	€1.78M	€297k	higher than 92% of 287 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-87k

- 18-24

Net profit

€221k

-88.6% 18-24

Cash flow

€378k

-81.2% 18-24

Total assets

€9.12M

+13.9% 18-24

Equity

€8.29M

+9.9% 18-24

Working capital

€7.61M

+4.6% 18-24

Employees (FTE)

30

+7.1% 18-24

Staff costs

€1.78M

+12.4% 18-24

Income taxes

€10k

+17.8% 18-24

Dividends

€0

-100.0% 18-24

Debt

€655k

+42.6% 18-24

Debt ≤ 1y

€653k

+44.1% 18-24

Debt > 1y

€0

- 18-24

Current ratio

12.64

-25.8% 18-24

Quick ratio

12.64

-25.8% 18-24

Solvency

90.9%

-3.6% 18-24

Debt / equity

0.08

+29.8% 18-24

ROE

2.7%

-89.6% 18-24

ROA

2.4%

-90.0% 18-24

Interest coverage

-0.87

- 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€-87k
Net profit	€221k
Cash flow	€378k
Staff costs	€1.78M
Income taxes	€10k
Dividends	-
Total assets	€9.12M
Equity	€8.29M
Debt	€655k
of which ≤ 1y	€653k
of which > 1y	-
Working capital	€7.61M
Employees (FTE)	30.3

Ratios (computed)

	2024
Current ratio	12.64
Quick ratio	12.64
Working capital ratio	83.5%
Solvency	90.9%
Debt / equity	0.08
Long-term debt ratio	-
Interest coverage	-0.87
Gross margin	-
Net margin	-
ROA	2.4%
ROE	2.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €854k · 9.4% Current assets €8.26M · 90.6%

Equity & liabilities

Equity €8.29M · 90.9% Provisions €175k · 1.9% Debt €655k · 7.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.12M
Fixed assets	21/28	€854k
Intangible fixed assets	21	€591k
Tangible fixed assets	22/27	€259k
Financial fixed assets	28	€4k
Current assets	29/58	€8.26M
Amounts receivable within one year	40/41	€1.53M
Investments	50/53	€5.30M
Cash & bank	54/58	€1.34M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.12M
Equity	10/15	€8.29M
Contributions / capital	10/11	€4.50M
Reserves	13	€3.26M
Provisions & deferred taxes	16	€175k
Amounts payable	17/49	€655k
Amounts payable within one year	42/48	€653k
Trade debts payable within one year	44	€322k
Income statement
Gross operating margin	9900	€1.69M
Operating result	9901	€-243k
Financial income	75	€548k
Financial charges	65	€99k
Result before taxes	9903	€206k
Income taxes	67/77	€10k
Net result for the period	9904	€221k
Result to be appropriated	9905	€221k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 7 directors

Directors derived from a single State Gazette act, under verification

All 4 current directors first appear in the same act (22348212). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Dead Pixel InteractiveLegal entity
Director· perm. rep.: DESSAUX Jeroen
State Gazette act 22348212 (22-07-2022)

Current
22-07-2022 → present
Linasa StudiosLegal entity
Director· perm. rep.: VAN ZEEBROECK Sobraj
State Gazette act 22348212 (22-07-2022)

Current
22-07-2022 → present
Pico InteractiveLegal entity
Director· perm. rep.: HONGWEI Zhou
State Gazette act 22348212 (22-07-2022)

Current
22-07-2022 → present
Pixel FuelLegal entity
Director· perm. rep.: VANHERBERGHEN Timothy
State Gazette act 22348212 (22-07-2022)

Current
22-07-2022 → present

Permanent representatives (1)

These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.

THE PARK ENTERTAINMENTLegal entity
Permanent representative· perm. rep.: DE SCHUTTER Philippe
State Gazette act 22348212 (22-07-2022)

Permanent representative
22-07-2022 → present
2 events
- 22-07-2022 Resigned· Permanent representative
- 22-07-2022 Appointed· Permanent representative

Former directors (3)

DESSAUX Jeroen
Director
State Gazette act 22348212 (22-07-2022)

Former
- → 22-07-2022
VAN ZEEBROECK Sobraj
Director
State Gazette act 22348212 (22-07-2022)

Former
- → 22-07-2022
VANHERBERGHEN Timothy
Director
State Gazette act 22348212 (22-07-2022)

Former
- → 22-07-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Ontwerpen van computerprogramma’s(62100)
Legal form	Private limited company(610)
Incorporation	28-01-2010
Status	Active
Postal code	9000

Connections & network 1 connected companies

Group structure

Flemish Games Association

We sit on their board

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control 1 parties

Triangle FactoryBE 0822.717.673

controls

Where this company holds controlthis company sits on their board1

Flemish Games Association

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Establishment units 1 location

Triangle Factory

Dublinstraat 35, 9000 GentOverige grafische activiteiten n.e.g.

since 20102.185.260.738

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44021A3417/00R002 ProtectedMonument · Townscape or village viewTolhuis en VoorhavenSource ↗	Flanders	4,513 m²	1 · 4,269 m²	15.7 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

28-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

30-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

31-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

29-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

22-07-2022

State Gazette act Director changes

Tim CARNEWAL

2021

22-07-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

26-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

29-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

20-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

31-08-2017

NBB filing Annual accounts filed

fiscal year 2016 · micro

2016

27-07-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 4 years ago

2022

22-07-2022 5 directors appointed, 4 resigning Director changes·Tim CARNEWAL

VANHERBERGHEN Timothy, Bestuurder
DESSAUX Jeroen, Bestuurder
VAN ZEEBROECK Sobraj, Bestuurder
HENDERYCKX Kenny, Vaste vertegenwoordiger
HONGWEI Zhou, Bestuurder
VANHERBERGHEN Timothy, Bestuurder
DESSAUX Jeroen, Bestuurder
VAN ZEEBROECK Sobraj, Bestuurder

Notary: Tim CARNEWAL · BrusselFirm: BERQUIN NOTARISSEN

Original publication ↗

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Activiteiten van grafische designers74103Grafisch ontwerp en visuele communicatie74120Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900Activiteiten van grafische designers74103Grafisch ontwerp en visuele communicatie74120

Primary activity highlighted.

Names & trade names

Legal nameNL

Triangle Factory

Registered office

Dublinstraat 35 bus /007

9000 Gent, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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