TRICE CONSTRUCT
InactiveTRICE CONSTRUCT was declared bankrupt on 21-03-2024 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 03-11-2025, published in the Belgian State Gazette on 07-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three 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 30-06-2024, 2 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 · 3 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 08-03-2024, 37 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
37 d late
2022
10 d early
2021
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€2k▼ 26.4%
2022 · €3k
2021: €10khighest in 3 years
2022: €3k▼ -68.4% vs 2021
2023: €2k▼ -26.4% vs 2022lowest in 3 years
2021 → 2023
Total assets
€32k▼ 9.4%
2022 · €35k
2021: €43khighest in 3 years
2022: €35k▼ -19.4% vs 2021
2023: €32k▼ -9.4% vs 2022lowest in 3 years
2021 → 2023
Net result
€-867▲ 87.8%
2022 · €-7k
2021: €7khighest in 3 years
2022: €-7k▼ -196% vs 2021lowest in 3 years
2023: €-867▲ +87.8% vs 2022
2021 → 2023
Working capital
€-387▲ 95.9%
2022 · €-9k
2021: €1khighest in 3 years
2022: €-9k▼ -844% vs 2021lowest in 3 years
2023: €-387▲ +95.9% vs 2022
2021 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€10k-€3k▼ 68.4%€2k▼ 26.4%
2021: €10khighest in 3 years
2022: €3k▼ -68.4% vs 2021
2023: €2k▼ -26.4% vs 2022lowest in 3 years
Operating result€9k-€-7k€-378▲ 94.3%
2021: €9khighest in 3 years
2022: €-7k▼ -176% vs 2021lowest in 3 years
2023: €-378▲ +94.3% vs 2022
Net result€7k-€-7k€-867▲ 87.8%
2021: €7khighest in 3 years
2022: €-7k▼ -196% vs 2021lowest in 3 years
2023: €-867▲ +87.8% vs 2022
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 €378 in 2023 against €7k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €32k
Fixed assets
€10k ▼ 61.2%
Current assets
€22k ▲ 121%
Equity and liabilities €32k
Equity
€2k ▼ 26.4%
Debt
€29k ▼ 7.6%
Debt's share of the balance-sheet total rises from 90.6% to 92.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▲
2022 · €-115
Cash flow
€2k▲
2022 · €-534
Current ratio
0.98▲
2022 · 0.51
Quick ratio
0.80▲
2022 · 0.29
Debt to equity
12.15▲
2022 · 9.68
ROE
-35.9%▲
2022 · -216.0%
ROA
-2.7%▲
2022 · -20.2%
Interest coverage
4.41▲
2022 · -0.25
Debt ≤ 1 year
€22k▲
2022 · €19k
Debt > 1 year
€7k▼
2022 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €3k | ▼ 61.3% |
| Other operating charges640/8 | - | €324 | €192 | ▼ 40.7% |
| Non-recurring operating charges66A | - | - | €9k | - |
| Gross operating margin9900 | €16k | €209 | €12k | ▲ 5,484% |
| Operating profit (loss)9901 | €9k | €-7k | €-378 | ▲ 94.3% |
| Financial income75/76B | - | €46 | €0 | ▼ 99.5% |
| Recurring financial income75 | - | €46 | €0 | ▼ 99.5% |
| Financial charges65/66B | - | €466 | €490 | ▲ 5.1% |
| Recurring financial charges65 | €312 | €466 | €490 | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | €9k | €-7k | €-867 | ▲ 87.8% |
| Income taxes67/77 | €1k | - | - | - |
| Profit (loss) for the period9904 | €7k | €-7k | €-867 | ▲ 87.8% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-7k | €-867 | ▲ 87.8% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43k | €35k | €32k | ▼ 9.4% |
| Fixed assets21/28 | €27k | €25k | €10k | ▼ 61.2% |
| Tangible fixed assets22/27 | €25k | €23k | €8k | ▼ 65.7% |
| Plant, machinery and equipment23 | - | €7k | €4k | ▼ 41.7% |
| Furniture and vehicles24 | - | €16k | €4k | ▼ 77.2% |
| Other tangible fixed assets26 | - | €308 | €221 | ▼ 28.2% |
| Financial fixed assets28 | €2k | €2k | €2k | = |
| Current assets29/58 | €17k | €10k | €22k | ▲ 121% |
| Stocks and contracts in progress3 | - | €4k | €4k | ▼ 6.3% |
| Stocks30/36 | - | €4k | €4k | ▼ 6.3% |
| Amounts receivable within one year40/41 | €11k | €2k | €14k | ▲ 483% |
| Trade receivables40 | - | €568 | €13k | ▲ 2,266% |
| Other amounts receivable41 | - | €2k | €1k | ▼ 44.5% |
| Cash at bank and in hand54/58 | €5k | €3k | €3k | ▲ 12.5% |
| Deferred charges and accrued income490/1 | - | €472 | €471 | ▼ 0.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43k | €35k | €32k | ▼ 9.4% |
| Equity10/15 | €10k | €3k | €2k | ▼ 26.4% |
| Contributions10/11 | - | €3k | €3k | = |
| Reserves13 | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €7k | €7k | = |
| Profit (loss) carried forward14 | - | €-7k | €-8k | ▼ 12.2% |
| Amounts payable17/49 | €33k | €32k | €29k | ▼ 7.6% |
| Amounts payable after more than one year17 | €18k | €12k | €7k | ▼ 44.0% |
| Financial debts170/4 | - | €12k | €7k | ▼ 44.0% |
| Amounts payable within one year42/48 | €15k | €19k | €22k | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | ▲ 1.6% |
| Trade debts44 | €6k | €8k | €14k | ▲ 66.5% |
| Suppliers440/4 | - | €8k | €14k | ▲ 66.5% |
| Taxes, remuneration and social security45 | - | €2k | €1k | ▼ 30.8% |
| Taxes450/3 | - | €2k | €1k | ▼ 30.8% |
| Other amounts payable47/48 | - | €4k | €2k | ▼ 49.7% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-7k | €-867 | ▲ 87.8% |
| + Depreciation and write-downs630 | €7k | €7k | €3k | ▼ 61.3% |
| Operating cash flow (approximation) | €14k | €-534 | €2k | ▲ 412% |
| Investment in fixed assets (approximation) | - | €-5k | €13k | ▲ 369% |
| Change in cash | - | €-2k | €330 | ▲ 117% |
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
2025
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 03-11-2025
2024
28-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 21-03-2024
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
21-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRAM WALSCHAP ZANDTIENDE 23, 8310 02 BRUGGE
(ASSEBROEK) |
21-03-2024 → 03-11-2025 |