TRICKX
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 31 filings
Turnover
€271,331▲ 7.4%
2018 · €252,745
EBIT margin
1.1%▼ 4.5pp
2018 · 5.6%
Net result
€33,498
2024 · -€29,017
Working capital
€76,889▲ 192%
2024 · €26,323
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€45,206
2025
20182025
Net result
€33,498
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€183,518
▲ 22.3%
2025
highest quarter of the sector
20182025
Total assets
€296,249
▼ 3.7%
2025
middle half of the sector
20182025
Debt
€112,731
▼ 28.5%
2025
20182025
Working capital
€76,889
▲ 192%
2025
middle half of the sector
20182025
Solvency
61.9%
▲ 13.2pp
2025
middle half of the sector
20182025
Current ratio
2.22
▲ 0.90
2025
middle half of the sector
20182025
Return on assets (ROA)
11.3%
▲ 20.7pp
2025
middle half of the sector
20182025
Staff (FTE)
2
▼ 16.7%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€252,745-€271,331▲ 7.4%
Operating result€14,043-€2,972▼ 78.8%-€1,068-€15,426▼ 1,344%€31,726€9,603▼ 69.7%-€24,341€45,206
Net result€13,936-€1,377▼ 90.1%€2,109within the sector's middle half▲ 53.1%-€17,189below the sector's middle half€22,745within the sector's middle half€4,826within the sector's middle half▼ 78.8%-€29,017below the sector's middle half€33,498within the sector's middle half
EBIT margin5.6%-1.1%▼ 4.5pp
Equity€165,169-€166,545▲ 0.8%€168,654above the sector's middle half▲ 1.3%€151,465within the sector's middle half▼ 10.2%€174,211above the sector's middle half▲ 15.0%€179,037above the sector's middle half▲ 2.8%€150,020within the sector's middle half▼ 16.2%€183,518above the sector's middle half▲ 22.3%
Total assets€232,308-€265,515▲ 14.3%€267,809within the sector's middle half▲ 0.9%€231,042within the sector's middle half▼ 13.7%€256,319within the sector's middle half▲ 10.9%€300,120within the sector's middle half▲ 17.1%€307,735within the sector's middle half▲ 2.5%€296,249within the sector's middle half▼ 3.7%
Debt€67,140-€98,970▲ 47.4%€99,154▲ 0.2%€79,577▼ 19.7%€82,108▲ 3.2%€121,083▲ 47.5%€157,715▲ 30.3%€112,731▼ 28.5%
Working capital€72,815-€59,407▼ 18.4%€59,379within the sector's middle half=€43,968within the sector's middle half▼ 26.0%€70,193within the sector's middle half▲ 59.6%€69,236within the sector's middle half▼ 1.4%€26,323within the sector's middle half▼ 62.0%€76,889within the sector's middle half▲ 192%
Solvency71.1%-62.7%▼ 8.4pp63.0%within the sector's middle half▲ 0.3pp65.6%within the sector's middle half▲ 2.6pp68.0%within the sector's middle half▲ 2.4pp59.7%within the sector's middle half▼ 8.3pp48.7%within the sector's middle half▼ 10.9pp61.9%within the sector's middle half▲ 13.2pp
Current ratio2.59-2.30▼ 0.292.16within the sector's middle half▼ 0.131.93within the sector's middle half▼ 0.232.06within the sector's middle half▲ 0.131.83within the sector's middle half▼ 0.241.33within the sector's middle half▼ 0.502.22within the sector's middle half▲ 0.90
Return on assets (ROA)6.0%-0.5%▼ 5.5pp0.8%within the sector's middle half▲ 0.3pp-7.4%below the sector's middle half▼ 8.2pp8.9%within the sector's middle half▲ 16.3pp1.6%within the sector's middle half▼ 7.3pp-9.4%below the sector's middle half▼ 11.0pp11.3%within the sector's middle half▲ 20.7pp
Staff (FTE)0.8-1.61.6=1.7▲ 6.3%2.4▲ 41.2%2▼ 16.7%
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €45,206, after a loss of €24,341 in 2024. It is the highest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296,249
Fixed assets
€156,586 ▼ 22.1%
Current assets
€139,663 ▲ 30.9%
Equity and liabilities €296,249
Equity
€183,518 ▲ 22.3%
Debt
€112,731 ▼ 28.5%
Debt's share of the balance-sheet total falls from 51.3% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,696▲
2024 · €8,483
Cash flow
€77,989▲
2024 · €3,807
Quick ratio
1.73▲
2024 · 1.14
Debt to equity
0.61▼
2024 · 1.05
ROE
18.3%▲
2024 · -19.3%
Interest coverage
17.94▲
2024 · 1.66
Debt ≤ 1 year
€62,774▼
2024 · €80,336
Debt > 1 year
€49,463▼
2024 · €76,885
Income taxes
€7,420▲
2024 · €0
Staff costs
€113,193▼
2024 · €117,794
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 3 | 2 | 2 |
| full-time | 1 | 1 | 1 | 2 | 2 |
| part-time | 1 | 1 | 2 | 0 | 0 |
| in full-time equivalents | 1.6 | 1.6 | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 1.6 | 1.6 | 1.7 | 2.4 | 2 |
| On a permanent contract | 2 | 2 | 2 | 2 | 2 |
| Joined | - | - | 1 | 2 | - |
| Left | - | - | 0 | 3 | - |
| Training hours | 12 | 5 | 4 | 0 | 9 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,661 | €3,777 | €69,203 | €89,634 | - |
| Depreciation and write-downs of the year | €23,661 | €23,567 | €22,058 | €32,824 | €44,491 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €1,356 awarded · €1,487 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,155 | €1,155 |
| 2023 | 1 | €0 | €131 |
| 2022 | 1 | €201 | €201 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €252,745 | €271,331 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €2,466 | €3,524 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | €211,838 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €43,226 | - | €73,682 | €77,211 | €93,866 | €117,794 | €113,193 | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,512 | €22,455 | €20,828 | €23,661 | €23,567 | €22,058 | €32,824 | €44,491 | ▲ 35.5% |
| Other operating charges640/8 | - | €1,158 | - | €3,382 | €3,016 | €3,614 | €3,683 | €3,594 | ▼ 2.4% |
| Non-recurring operating charges66A | - | - | - | €599 | - | €627 | €775 | €0 | ▼ 100% |
| Gross operating margin9900 | €72,417 | €69,811 | €82,816 | €85,898 | €135,520 | €129,767 | €130,734 | €206,483 | ▲ 57.9% |
| Operating profit (loss)9901 | €14,043 | €2,972 | -€1,068 | -€15,426 | €31,726 | €9,603 | -€24,341 | €45,206 | - |
| Financial income75/76B | - | €81 | - | €572 | €637 | €482 | €435 | €714 | ▲ 64.1% |
| Recurring financial income75 | €1,904 | €81 | €706 | €572 | €637 | €482 | €435 | €714 | ▲ 64.1% |
| Financial charges65/66B | - | €1,427 | - | €1,319 | €1,004 | €2,709 | €5,111 | €5,001 | ▼ 2.1% |
| Recurring financial charges65 | €1,697 | €1,427 | €1,661 | €1,319 | €1,004 | €2,709 | €5,111 | €5,001 | ▼ 2.1% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €14,250 | €1,626 | €4,366 | -€16,174 | €31,359 | €7,376 | -€29,017 | €40,919 | - |
| Income taxes67/77 | €314 | €249 | €2,258 | €1,015 | €8,613 | €2,549 | €0 | €7,420 | - |
| Profit (loss) for the period9904 | €13,936 | €1,377 | €2,109 | -€17,189 | €22,745 | €4,826 | -€29,017 | €33,498 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €6,661 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,936 | €1,377 | €2,109 | -€10,528 | €22,745 | €4,826 | -€29,017 | €33,498 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €232,308 | €265,515 | €267,809 | €231,042 | €256,319 | €300,120 | €307,735 | €296,249 | ▼ 3.7% |
| Fixed assets21/28 | €113,662 | €160,282 | €157,411 | €139,812 | €120,021 | €147,018 | €201,077 | €156,586 | ▼ 22.1% |
| Tangible fixed assets22/27 | €113,662 | €160,282 | €157,411 | €139,812 | €120,021 | €147,018 | €201,077 | €156,586 | ▼ 22.1% |
| Land and buildings22 | - | €48,887 | - | €44,789 | €40,374 | €35,960 | €31,852 | €27,745 | ▼ 12.9% |
| Plant, machinery and equipment23 | - | €55,595 | - | €43,386 | €37,547 | €64,145 | €103,268 | €86,552 | ▼ 16.2% |
| Furniture and vehicles24 | - | €55,800 | - | €51,636 | €42,099 | €46,913 | €65,956 | €42,289 | ▼ 35.9% |
| Current assets29/58 | €118,646 | €105,233 | €110,398 | €91,231 | €136,298 | €153,102 | €106,659 | €139,663 | ▲ 30.9% |
| Stocks and contracts in progress3 | €10,314 | €11,164 | €8,866 | €14,747 | €25,295 | €20,194 | €14,798 | €31,369 | ▲ 112% |
| Stocks30/36 | - | €8,127 | - | €12,090 | €25,295 | €20,194 | €14,798 | €25,753 | ▲ 74.0% |
| Contracts in progress37 | - | €3,037 | - | €2,657 | €0 | - | - | €5,615 | - |
| Amounts receivable within one year40/41 | €46,028 | €31,091 | €32,219 | €23,710 | €42,948 | €61,580 | €33,641 | €17,197 | ▼ 48.9% |
| Trade receivables40 | - | €21,998 | - | €23,709 | €42,259 | €61,580 | €19,695 | €2,358 | ▼ 88.0% |
| Other amounts receivable41 | - | €9,093 | - | €1 | €689 | €0 | €13,946 | €14,838 | ▲ 6.4% |
| Cash at bank and in hand54/58 | €62,017 | €62,959 | €59,111 | €52,774 | €63,318 | €66,225 | €53,301 | €85,870 | ▲ 61.1% |
| Deferred charges and accrued income490/1 | - | €19 | - | - | €4,738 | €5,104 | €4,918 | €5,228 | ▲ 6.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €232,308 | €265,515 | €267,809 | €231,042 | €256,319 | €300,120 | €307,735 | €296,249 | ▼ 3.7% |
| Equity10/15 | €165,169 | €166,545 | €168,654 | €151,465 | €174,211 | €179,037 | €150,020 | €183,518 | ▲ 22.3% |
| Contributions10/11 | €18,750 | €18,750 | - | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Capital10 | - | €18,750 | - | - | - | - | - | - | - |
| Issued capital100 | - | €18,750 | - | - | - | - | - | - | - |
| Reserves13 | €132,000 | €131,999 | €132,000 | €125,339 | €155,461 | €160,287 | €131,270 | €164,768 | ▲ 25.5% |
| Non-distributable reserves130/1 | - | €1,875 | - | €1,875 | €1,875 | €0 | - | - | - |
| Legal reserve130 | - | €1,875 | - | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,875 | €1,875 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €14,525 | - | €7,865 | €7,865 | €7,865 | €7,865 | €7,865 | = |
| Distributable reserves133 | - | €115,599 | - | €115,599 | €145,721 | €152,422 | €123,405 | €156,903 | ▲ 27.1% |
| Profit (loss) carried forward14 | €14,419 | €15,796 | €17,905 | €7,376 | €0 | - | - | - | - |
| Amounts payable17/49 | €67,140 | €98,970 | €99,154 | €79,577 | €82,108 | €121,083 | €157,715 | €112,731 | ▼ 28.5% |
| Amounts payable after more than one year17 | €21,135 | €53,101 | €48,136 | €32,314 | €16,003 | €35,888 | €76,885 | €49,463 | ▼ 35.7% |
| Financial debts170/4 | - | €53,101 | - | €32,314 | €16,003 | €35,888 | €76,885 | €49,463 | ▼ 35.7% |
| Amounts payable within one year42/48 | €45,831 | €45,826 | €51,019 | €47,263 | €66,105 | €83,866 | €80,336 | €62,774 | ▼ 21.9% |
| Current portion of amounts payable after more than one year42 | - | €21,213 | - | €15,821 | €16,311 | €24,785 | €33,483 | €27,422 | ▼ 18.1% |
| Trade debts44 | €13,455 | €14,022 | €13,398 | €19,861 | €27,102 | €28,727 | €28,416 | €14,207 | ▼ 50.0% |
| Suppliers440/4 | - | €14,022 | - | €19,861 | €27,102 | €28,727 | €28,416 | €14,207 | ▼ 50.0% |
| Taxes, remuneration and social security45 | - | €10,591 | - | €11,527 | €22,550 | €29,919 | €17,737 | €20,445 | ▲ 15.3% |
| Taxes450/3 | - | €1,466 | - | €1,154 | €8,613 | €9,036 | €0 | €3,350 | - |
| Remuneration and social security454/9 | - | €9,125 | - | €10,372 | €13,937 | €20,883 | €17,737 | €17,096 | ▼ 3.6% |
| Other amounts payable47/48 | - | - | - | €54 | €142 | €434 | €699 | €699 | = |
| Accrued charges and deferred income492/3 | - | €43 | - | - | - | €1,330 | €494 | €494 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,936 | €1,377 | €2,109 | -€17,189 | €22,745 | €4,826 | -€29,017 | €33,498 | - |
| + Depreciation and write-downs630 | €21,512 | €22,455 | €20,828 | €23,661 | €23,567 | €22,058 | €32,824 | €44,491 | ▲ 35.5% |
| Operating cash flow (approximation) | €35,449 | €23,832 | €22,937 | €6,472 | €46,313 | €26,884 | €3,807 | €77,989 | ▲ 20× |
| Investment in fixed assets (approximation) | - | -€69,075 | -€17,957 | -€6,062 | -€3,777 | -€49,055 | -€86,883 | €0 | - |
| Change in cash | - | €942 | -€3,848 | -€6,338 | €10,544 | €2,907 | -€12,924 | €32,569 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as TRICKX has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRICKX itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for TRICKX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00320027 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00340247 | |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00199650 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00294023 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20265003 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44300285 | |
| 31-12-2019 | micro format | 03-09-2020 | 2020-50900068 | |
| 31-12-2018 | micro format | 17-07-2019 | 2019-34100404 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-37100371 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-28100478 |