TRICEO
ActiveSummary
TRICEO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €36k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-1
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 7.56 against 4.22 in 2024; short-term debt: 10.6% and cash: 40.8% of total assets), and 17.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
82.9%
Return on assets
12.8%
Age of the figures
9 mo
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
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 07-03-2026, 146 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
146 d early
2024
36 d early
2023
33 d early
2022
42 d early
2021
57 d early
2020
64 d early
2019
95 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€233k▲ 9.5%
2024 · €213k
2018: €104klowest in 8 years
2019: €120k▲ +15.1% vs 2018
2020: €144k▲ +20.2% vs 2019
2021: €160k▲ +11.2% vs 2020
2022: €155k▼ -3.3% vs 2021
2023: €200k▲ +29.0% vs 2022
2024: €213k▲ +6.4% vs 2023
2025: €233k▲ +9.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€281k▼ 5.0%
2024 · €296k
2018: €146k
2019: €140k▼ -3.8% vs 2018lowest in 8 years
2020: €153k▲ +9.5% vs 2019
2021: €164k▲ +7.0% vs 2020
2022: €167k▲ +1.8% vs 2021
2023: €279k▲ +67.0% vs 2022
2024: €296k▲ +5.9% vs 2023highest in 8 years
2025: €281k▼ -5.0% vs 2024
2018 → 2025
Net result
€36k▼ 13.1%
2024 · €41k
2018: €18k
2019: €16k▼ -13.8% vs 2018lowest in 8 years
2020: €24k▲ +54.4% vs 2019
2021: €16k▼ -33.5% vs 2020
2022: €25k▲ +52.6% vs 2021
2023: €45k▲ +82.3% vs 2022highest in 8 years
2024: €41k▼ -8.2% vs 2023
2025: €36k▼ -13.1% vs 2024
2018 → 2025
Working capital
€195k▲ 16.0%
2024 · €168k
2018: €67klowest in 8 years
2019: €90k▲ +35.5% vs 2018
2020: €115k▲ +27.0% vs 2019
2021: €134k▲ +16.4% vs 2020
2022: €129k▼ -3.1% vs 2021
2023: €149k▲ +15.1% vs 2022
2024: €168k▲ +12.7% vs 2023
2025: €195k▲ +16.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€160k-€155k▼ 3.3%€200k▲ 29.0%€213k▲ 6.4%€233k▲ 9.5%
2021: €160k
2022: €155k▼ -3.3% vs 2021lowest in 5 years
2023: €200k▲ +29.0% vs 2022
2024: €213k▲ +6.4% vs 2023
2025: €233k▲ +9.5% vs 2024highest in 5 years
Operating result€21k-€32k▲ 50.7%€61k▲ 92.4%€56k▼ 8.3%€50k▼ 10.4%
2021: €21klowest in 5 years
2022: €32k▲ +50.7% vs 2021
2023: €61k▲ +92.4% vs 2022highest in 5 years
2024: €56k▼ -8.3% vs 2023
2025: €50k▼ -10.4% vs 2024
Net result€16k-€25k▲ 52.6%€45k▲ 82.3%€41k▼ 8.2%€36k▼ 13.1%
2021: €16klowest in 5 years
2022: €25k▲ +52.6% vs 2021
2023: €45k▲ +82.3% vs 2022highest in 5 years
2024: €41k▼ -8.2% vs 2023
2025: €36k▼ -13.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281k
Fixed assets
€57k ▼ 25.3%
Current assets
€224k ▲ 2.0%
Equity and liabilities €281k
Equity
€233k ▲ 9.5%
Debt
€48k ▼ 42.1%
Debt's share of the balance-sheet total falls from 28.0% to 17.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▼
2024 · €75k
Cash flow
€55k▼
2024 · €60k
Current ratio
7.56▲
2024 · 4.22
Debt to equity
0.21▼
2024 · 0.39
ROE
15.4%▼
2024 · 19.4%
ROA
12.8%▼
2024 · 14.0%
Interest coverage
50.09▲
2024 · 43.51
Debt ≤ 1 year
€30k▼
2024 · €52k
Debt > 1 year
€18k▼
2024 · €31k
Income taxes
€17k▼
2024 · €18k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€296k€281k▼
Fixed assets21/28€76k€57k▼
Tangible fixed assets22/27€75k€56k▼
Land and buildings22€18k€16k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€53k€38k▼
Financial fixed assets28€250€250=
Current assets29/58€220k€224k▲
Amounts receivable within one year40/41€112k€105k▼
Trade receivables40€38k€19k▼
Other amounts receivable41€74k€86k▲
Cash at bank and in hand54/58€105k€115k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€296k€281k▼
Equity10/15€213k€233k▲
Contributions10/11€6k€6k=
Reserves13€207k€227k▲
Distributable reserves133€207k€227k▲
Amounts payable17/49€83k€48k▼
Amounts payable after more than one year17€31k€18k▼
Financial debts170/4€31k€18k▼
Amounts payable within one year42/48€52k€30k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€20k€3k▼
Suppliers440/4€20k€3k▼
Taxes, remuneration and social security45€20k€15k▼
Taxes450/3€20k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€689€407▼
Gross operating margin9900€75k€69k▼
Operating profit (loss)9901€56k€50k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€59k€53k▼
Income taxes67/77€18k€17k▼
Profit (loss) for the period9904€41k€36k▼
Profit (loss) for the period to be appropriated9905€41k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€36k▼
Transfer from equity791/2€28k€16k▼
Transfer to equity691/2€41k€36k▼
To other reserves6921€41k€36k▼
Profit to be distributed694/7€28k€16k▼
Return on contributions (dividend)694€28k€16k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | €5k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €12k | €19k | €19k | ▲ 0.4% |
| Other operating charges640/8 | €1k | €1k | €704 | €689 | €407 | ▼ 40.9% |
| Gross operating margin9900 | €25k | €35k | €74k | €75k | €69k | ▼ 8.0% |
| Operating profit (loss)9901 | €21k | €32k | €61k | €56k | €50k | ▼ 10.4% |
| Financial income75/76B | €5k | €6k | €5k | €5k | €4k | ▼ 18.3% |
| Recurring financial income75 | €5k | €6k | €5k | €5k | €4k | ▼ 18.3% |
| Financial charges65/66B | €394 | €180 | €1k | €2k | €1k | ▼ 19.8% |
| Recurring financial charges65 | €394 | €180 | €1k | €2k | €1k | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | €25k | €37k | €64k | €59k | €53k | ▼ 10.8% |
| Income taxes67/77 | €9k | €12k | €19k | €18k | €17k | ▼ 5.5% |
| Profit (loss) for the period9904 | €16k | €25k | €45k | €41k | €36k | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €16k | €25k | €45k | €41k | €36k | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164k | €167k | €279k | €296k | €281k | ▼ 5.0% |
| Fixed assets21/28 | €27k | €26k | €94k | €76k | €57k | ▼ 25.3% |
| Tangible fixed assets22/27 | €27k | €25k | €93k | €75k | €56k | ▼ 25.4% |
| Land and buildings22 | €27k | €24k | €21k | €18k | €16k | ▼ 14.7% |
| Plant, machinery and equipment23 | - | €1k | €3k | €4k | €3k | ▼ 22.1% |
| Furniture and vehicles24 | - | - | €69k | €53k | €38k | ▼ 29.3% |
| Financial fixed assets28 | €250 | €250 | €600 | €250 | €250 | = |
| Current assets29/58 | €137k | €142k | €186k | €220k | €224k | ▲ 2.0% |
| Amounts receivable within one year40/41 | €89k | €92k | €109k | €112k | €105k | ▼ 6.0% |
| Trade receivables40 | €7k | €6k | €18k | €38k | €19k | ▼ 49.1% |
| Other amounts receivable41 | €82k | €86k | €91k | €74k | €86k | ▲ 15.9% |
| Cash at bank and in hand54/58 | €46k | €48k | €71k | €105k | €115k | ▲ 9.3% |
| Deferred charges and accrued income490/1 | €2k | €2k | €6k | €3k | €4k | ▲ 41.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164k | €167k | €279k | €296k | €281k | ▼ 5.0% |
| Equity10/15 | €160k | €155k | €200k | €213k | €233k | ▲ 9.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €154k | €149k | €194k | €207k | €227k | ▲ 9.8% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €152k | €147k | €194k | €207k | €227k | ▲ 9.8% |
| Amounts payable17/49 | €4k | €12k | €79k | €83k | €48k | ▼ 42.1% |
| Amounts payable after more than one year17 | - | - | €43k | €31k | €18k | ▼ 40.4% |
| Financial debts170/4 | - | - | €43k | €31k | €18k | ▼ 40.4% |
| Amounts payable within one year42/48 | €4k | €12k | €36k | €52k | €30k | ▼ 43.0% |
| Current portion of amounts payable after more than one year42 | - | - | €12k | €12k | €12k | ▲ 3.3% |
| Trade debts44 | €1k | €6k | €6k | €20k | €3k | ▼ 86.8% |
| Suppliers440/4 | €1k | €6k | €6k | €20k | €3k | ▼ 86.8% |
| Taxes, remuneration and social security45 | €3k | €6k | €19k | €20k | €15k | ▼ 27.2% |
| Taxes450/3 | €3k | €6k | €19k | €20k | €15k | ▼ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €25k | €45k | €41k | €36k | ▼ 13.1% |
| + Depreciation and write-downs630 | €3k | €3k | €12k | €19k | €19k | ▲ 0.4% |
| Operating cash flow (approximation) | €19k | €27k | €57k | €60k | €55k | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | €-1k | €-81k | €-974 | €0 | ▲ 100% |
| Change in cash | - | €1k | €23k | €34k | €10k | ▼ 71.4% |
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
Next filing, fiscal year 2026, expected by
2026
07-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €213k ▲6.4%
7 profitable years in a row build equity to €213k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €45k ▲82.3%
Operating result €61k, net result €45k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 35.22
Current ratio from 13.37 to 35.22; short-term debt falls from €9k to €4k.
31-12
Financial
Equity above €150kEq €160k ▲11.2%
4 profitable years in a row build equity to €160k.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €16k ▼13.8%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 6.80
Current ratio from 3.32 to 6.80; short-term debt falls from €29k to €16k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 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, Essen · 1 establishment unit since 2008
Ground area
465 m²
Building footprint
122 m²
Volume, LiDAR
668 m³
Parcel 11642D0531/00R038, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Triceo
since 20082.171.180.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0531/00R038 | Flanders | 465 m² | 1 · 122 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
648872FM7KGQ0822RL50
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.