TRIANGLE TRADING
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-02-2023, 153 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
153 d early
2021
26 d early
2020
39 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 56 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.1m▼ 28.3%
2021 · €1.5m
EBIT margin
60.6%▲ 34.5pp
2021 · 26.0%
Net result
-€4.0m
2021 · €2,840
Working capital
-€3.7m▲ 27.6%
2021 · -€5.1m
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€2.8m-€1.5m▼ 47.3%€1.5m▲ 5.1%€1.5m▼ 3.0%€1.1m▼ 28.3%
Operating result€379,795-€93,789▼ 75.3%€463,249▲ 394%€387,779▼ 16.3%€646,440▲ 66.7%
Net result€21,347--€202,430€134,644€2,840▼ 97.9%-€4.0m
EBIT margin13.7%-6.4%▼ 7.3pp30.2%▲ 23.8pp26.0%▼ 4.1pp60.6%▲ 34.5pp
Equity€4.6m-€4.4m▼ 4.4%€4.5m▲ 3.1%€4.5m▲ 0.1%€21.8m▲ 381%
Total assets€13.5m-€15.2m▲ 12.7%€14.7m▼ 3.3%€13.3m▼ 9.4%€29.7m▲ 123%
Debt€6.0m-€7.9m▲ 32.3%€7.3m▼ 7.7%€6.0m▼ 18.5%€5.1m▼ 14.6%
Working capital-€109,927--€6.1m▼ 5,437%-€5.8m▲ 4.6%-€5.1m▲ 12.9%-€3.7m▲ 27.6%
Staff (FTE)4.7-5.1▲ 8.5%4▼ 21.6%4=4=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 67% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €29.7m
Fixed assets
€28.6m ▲ 124%
Current assets
€1.2m ▲ 111%
Equity and liabilities €29.7m
Equity
€21.8m ▲ 381%
Provisions
€2.8m ▼ 1.0%
Debt
€5.1m ▼ 14.6%
Debt's share of the balance-sheet total falls from 44.8% to 17.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€650,556▲
2021 · €406,934
Cash flow
-€4.0m▼
2021 · €21,995
Current ratio
0.24▲
2021 · 0.10
Debt to equity
0.23▼
2021 · 1.32
ROE
-18.4%▼
2021 · 0.1%
ROA
-13.5%▼
2021 · 0.0%
Interest coverage
3.31▲
2021 · 1.03
Debt ≤ 1 year
€4.8m▼
2021 · €5.6m
Debt > 1 year
€185,714=
2021 · €185,714
Income taxes
€5,000▲
2021 · €3,528
Staff costs
€167,892▼
2021 · €303,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.5m | €1.1m | ▼ 29.3% |
| Turnover70 | €2.8m | €1.5m | €1.5m | €1.5m | €1.1m | ▼ 28.3% |
| Other operating income74 | - | - | - | €32,163 | €8,394 | ▼ 73.9% |
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Operating charges60/66A | - | - | - | €1.1m | €429,233 | ▼ 62.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €487,328 | €168,084 | ▼ 65.5% |
| Purchases600/8 | - | - | - | €11,774 | €0 | ▼ 100% |
| Change in stocks: decrease (increase)609 | - | - | - | €475,554 | €168,084 | ▼ 64.7% |
| Services and other goods61 | - | - | - | €262,939 | €85,916 | ▼ 67.3% |
| Remuneration, social security and pensions62 | - | - | - | €303,427 | €167,892 | ▼ 44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €394,051 | €177,483 | €70,130 | €19,155 | €4,116 | ▼ 78.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €52,525 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €8,147 | €3,224 | ▼ 60.4% |
| Operating profit (loss)9901 | €379,795 | €93,789 | €463,249 | €387,779 | €646,440 | ▲ 66.7% |
| Financial income75/76B | - | - | - | €31,651 | €16,693 | ▼ 47.3% |
| Recurring financial income75 | €43,259 | €92,640 | €96,202 | €31,651 | €16,693 | ▼ 47.3% |
| Income from current assets751 | - | - | - | €31,651 | €16,693 | ▼ 47.3% |
| Other financial income752/9 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €413,061 | €4.7m | ▲ 1,032% |
| Recurring financial charges65 | €358,981 | €387,204 | €423,219 | €413,061 | €206,583 | ▼ 50.0% |
| Debt charges650 | €349,703 | €371,453 | €411,488 | €393,490 | €196,368 | ▼ 50.1% |
| Other financial charges652/9 | - | - | - | €19,571 | €10,216 | ▼ 47.8% |
| Non-recurring financial charges66B | - | - | - | - | €4.5m | - |
| Profit (loss) for the period before taxes9903 | €44,832 | -€200,775 | €136,233 | €6,369 | -€4.0m | ▼ 63,088% |
| Income taxes67/77 | €24,648 | €1,655 | €1,589 | €3,528 | €5,000 | ▲ 41.7% |
| Taxes670/3 | - | - | - | €3,528 | €5,000 | ▲ 41.7% |
| Profit (loss) for the period9904 | €21,347 | -€202,430 | €134,644 | €2,840 | -€4.0m | ▼ 141,511% |
| Profit (loss) for the period to be appropriated9905 | €21,347 | -€202,430 | €134,644 | €2,840 | -€4.0m | ▼ 141,511% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.5m | €15.2m | €14.7m | €13.3m | €29.7m | ▲ 123% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €8.8m | €14.0m | €13.7m | €12.8m | €28.6m | ▲ 124% |
| Intangible fixed assets21 | €1,042 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €820,521 | €197,528 | €42,267 | €15,200 | €11,084 | ▼ 27.1% |
| Furniture and vehicles24 | - | - | - | €15,200 | €11,084 | ▼ 27.1% |
| Financial fixed assets28 | €8.0m | €13.8m | €13.7m | €12.8m | €28.6m | ▲ 124% |
| Affiliated companies280/1 | - | - | - | €12.8m | €28.6m | ▲ 124% |
| Participating interests280 | - | - | - | €11.7m | €28.6m | ▲ 144% |
| Amounts receivable281 | - | - | - | €1.1m | €0 | ▼ 100% |
| Current assets29/58 | €5.1m | €1.3m | €974,876 | €556,757 | €1.2m | ▲ 111% |
| Stocks and contracts in progress3 | €1.5m | €966,723 | €643,638 | €168,084 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €168,084 | €0 | ▼ 100% |
| Goods purchased for resale34 | - | - | - | €168,084 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €3.7m | €211,669 | €215,201 | €258,909 | €1.1m | ▲ 329% |
| Trade receivables40 | - | - | - | €257,438 | €53,716 | ▼ 79.1% |
| Other amounts receivable41 | - | - | - | €1,472 | €1.1m | ▲ 71,689% |
| Cash at bank and in hand54/58 | €254,363 | €69,532 | €107,289 | €120,099 | €57,090 | ▼ 52.5% |
| Deferred charges and accrued income490/1 | - | - | - | €9,665 | €7,362 | ▼ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.5m | €15.2m | €14.7m | €13.3m | €29.7m | ▲ 123% |
| Equity10/15 | €4.6m | €4.4m | €4.5m | €4.5m | €21.8m | ▲ 381% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | - | - | - | €1.6m | €1.6m | = |
| Issued capital100 | - | - | - | €1.6m | €1.6m | = |
| Revaluation surpluses12 | - | - | - | - | €21.3m | - |
| Reserves13 | €3.0m | €2.8m | €3.0m | €3.0m | €218,035 | ▼ 92.7% |
| Non-distributable reserves130/1 | - | - | - | €131,444 | €131,444 | = |
| Legal reserve130 | - | - | - | €131,444 | €131,444 | = |
| Tax-exempt reserves132 | - | - | - | €86,591 | €86,591 | = |
| Distributable reserves133 | - | - | - | €2.7m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | - | - | - | -€1.3m | - |
| Provisions and deferred taxes16 | €2.9m | €2.9m | €2.8m | €2.8m | €2.8m | ▼ 1.0% |
| Provisions for liabilities and charges160/5 | - | - | - | €2.8m | €2.8m | ▼ 1.0% |
| Other liabilities and charges164/5 | - | - | - | €2.8m | €2.8m | ▼ 1.0% |
| Amounts payable17/49 | €6.0m | €7.9m | €7.3m | €6.0m | €5.1m | ▼ 14.6% |
| Amounts payable after more than one year17 | €789,286 | €417,857 | €371,429 | €185,714 | €185,714 | = |
| Financial debts170/4 | - | - | - | €185,714 | €185,714 | = |
| Credit institutions173 | - | - | - | €185,714 | €185,714 | = |
| Amounts payable within one year42/48 | €5.2m | €7.3m | €6.8m | €5.6m | €4.8m | ▼ 13.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €185,714 | €92,857 | ▼ 50.0% |
| Financial debts43 | - | - | - | €880,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €880,000 | €0 | ▼ 100% |
| Trade debts44 | €28,727 | €13,880 | €4,222 | €6,327 | €18,735 | ▲ 196% |
| Suppliers440/4 | - | - | - | €6,327 | €18,735 | ▲ 196% |
| Taxes, remuneration and social security45 | - | - | - | €60,782 | €89,741 | ▲ 47.6% |
| Taxes450/3 | - | - | - | €27,884 | €14,001 | ▼ 49.8% |
| Remuneration and social security454/9 | - | - | - | €32,898 | €75,740 | ▲ 130% |
| Other amounts payable47/48 | - | - | - | €4.5m | €4.6m | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €175,897 | €80,539 | ▼ 54.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,347 | -€202,430 | €134,644 | €2,840 | -€4.0m | ▼ 141,511% |
| + Depreciation and write-downs630 | €394,051 | €177,483 | €70,130 | €19,155 | €4,116 | ▼ 78.5% |
| Operating cash flow (approximation) | €415,397 | -€24,947 | €204,774 | €21,995 | -€4.0m | ▼ 18,342% |
| Investment in fixed assets (approximation) | - | -€5.3m | €150,131 | €942,912 | -€15.8m | ▼ 1,775% |
| Change in cash | - | -€184,831 | €37,757 | €12,809 | -€63,009 | ▼ 592% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€4.0m
Net result drops to -€4.0m, the lowest in the series.
31-12
Financial
Equity above €10mEq €21.8m ▲381%
Equity rises from €4.5m to €21.8m.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €134,644
Net result €134,644 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
15-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
28-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
6 holdingsOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 6
-
100%
-
99.98%
-
99.93%
-
99.92%
-
99.87%
-
99.12%
According to the 2022 annual accounts of TRIANGLE TRADING and those 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.