TRIELEC
ActiveSummary
TRIELEC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,073 and a net result of -€21,472. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 92% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-46
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 8.32 against 7.22 in 2024; short-term debt: 11.3% and cash: 64.7% of total assets), and 11.3% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€21,472
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
19 d late
2023
21 d early
2022
54 d early
2021
24 d early
2020
8 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 7 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€109,073▼ 16.4%
2024 · €130,545
Total assets
€123,036▼ 18.0%
2024 · €149,969
Net result
-€21,472▼ 1,681%
2024 · -€1,206
Working capital
€102,251▼ 15.4%
2024 · €120,835
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€31,858€8,528€14,011▲ 64.3%-€502-€20,718▼ 4,024%
Net result-€32,159below the sector's middle half€7,687within the sector's middle half€13,101within the sector's middle half▲ 70.4%-€1,206below the sector's middle half-€21,472below the sector's middle half▼ 1,681%
Equity€110,963within the sector's middle half▼ 22.5%€118,650within the sector's middle half▲ 6.9%€131,750above the sector's middle half▲ 11.0%€130,545within the sector's middle half▼ 0.9%€109,073within the sector's middle half▼ 16.4%
Total assets€154,446within the sector's middle half▼ 23.3%€185,693within the sector's middle half▲ 20.2%€168,149within the sector's middle half▼ 9.4%€149,969within the sector's middle half▼ 10.8%€123,036within the sector's middle half▼ 18.0%
Debt€43,483▼ 25.2%€67,043▲ 54.2%€36,398▼ 45.7%€19,425▼ 46.6%€13,963▼ 28.1%
Working capital€105,693above the sector's middle half▼ 19.6%€113,318above the sector's middle half▲ 7.2%€119,137above the sector's middle half▲ 5.1%€120,835above the sector's middle half▲ 1.4%€102,251above the sector's middle half▼ 15.4%
Solvency71.8%above the sector's middle half▲ 0.7pp63.9%within the sector's middle half▼ 8.0pp78.4%above the sector's middle half▲ 14.5pp87.0%above the sector's middle half▲ 8.7pp88.7%above the sector's middle half▲ 1.6pp
Current ratio3.78above the sector's middle half▲ 0.092.69within the sector's middle half▼ 1.094.27above the sector's middle half▲ 1.587.22above the sector's middle half▲ 2.958.32above the sector's middle half▲ 1.10
Return on assets (ROA)-20.8%below the sector's middle half▼ 31.3pp4.1%within the sector's middle half▲ 25.0pp7.8%within the sector's middle half▲ 3.7pp-0.8%below the sector's middle half▼ 8.6pp-17.5%below the sector's middle half▼ 16.6pp
Staff (FTE)2▲ 5.3%1.5▼ 25.0%1▼ 33.3%1=1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 €20,718 in 2025 against €502 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,036
Fixed assets
€6,821 ▼ 29.7%
Current assets
€116,214 ▼ 17.1%
Equity and liabilities €123,036
Equity
€109,073 ▼ 16.4%
Debt
€13,963 ▼ 28.1%
Debt's share of the balance-sheet total falls from 13.0% to 11.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€17,830▼
2024 · €2,386
Cash flow
-€18,584▼
2024 · €1,683
Debt to equity
0.13▼
2024 · 0.15
ROE
-19.7%▼
2024 · -0.9%
Interest coverage
-23.65▼
2024 · 3.33
Debt ≤ 1 year
€13,963▼
2024 · €19,425
Staff costs
€19,594▲
2024 · €18,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €67,876 | €22,275 | €19,560 | €18,798 | €19,594 | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,065 | €5,377 | €7,161 | €2,888 | €2,888 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €8,555 | €8,401 | ▼ 1.8% |
| Other operating charges640/8 | €1,332 | €1,478 | €2,052 | €1,544 | €861 | ▼ 44.2% |
| Gross operating margin9900 | €47,414 | €37,659 | €42,783 | €31,283 | €11,026 | ▼ 64.8% |
| Operating profit (loss)9901 | -€31,858 | €8,528 | €14,011 | -€502 | -€20,718 | ▼ 4,024% |
| Financial income75/76B | €0 | €1 | €13 | €12 | - | - |
| Recurring financial income75 | €0 | €1 | €13 | €12 | - | - |
| Financial charges65/66B | €728 | €842 | €924 | €716 | €754 | ▲ 5.4% |
| Recurring financial charges65 | €728 | €842 | €924 | €716 | €754 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | -€32,586 | €7,687 | €13,101 | -€1,206 | -€21,472 | ▼ 1,681% |
| Income taxes67/77 | -€427 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€32,159 | €7,687 | €13,101 | -€1,206 | -€21,472 | ▼ 1,681% |
| Profit (loss) for the period to be appropriated9905 | -€32,159 | €7,687 | €13,101 | -€1,206 | -€21,472 | ▼ 1,681% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,446 | €185,693 | €168,149 | €149,969 | €123,036 | ▼ 18.0% |
| Fixed assets21/28 | €10,708 | €5,332 | €12,613 | €9,710 | €6,821 | ▼ 29.7% |
| Tangible fixed assets22/27 | €10,694 | €5,317 | €12,598 | €9,710 | €6,821 | ▼ 29.7% |
| Furniture and vehicles24 | €683 | €312 | €12,598 | €9,710 | €6,821 | ▼ 29.7% |
| Leasing and similar rights25 | €10,010 | €5,005 | - | - | - | - |
| Financial fixed assets28 | €15 | €15 | €15 | - | - | - |
| Current assets29/58 | €143,738 | €180,361 | €155,536 | €140,259 | €116,214 | ▼ 17.1% |
| Amounts receivable within one year40/41 | €104,376 | €128,744 | €120,086 | €19,103 | €34,971 | ▲ 83.1% |
| Trade receivables40 | €86,754 | €108,838 | €105,086 | €19,103 | €34,360 | ▲ 79.9% |
| Other amounts receivable41 | €17,622 | €19,906 | €15,000 | - | €611 | - |
| Cash at bank and in hand54/58 | €37,676 | €48,434 | €34,249 | €119,552 | €79,624 | ▼ 33.4% |
| Deferred charges and accrued income490/1 | €1,685 | €3,184 | €1,200 | €1,604 | €1,620 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,446 | €185,693 | €168,149 | €149,969 | €123,036 | ▼ 18.0% |
| Equity10/15 | €110,963 | €118,650 | €131,750 | €130,545 | €109,073 | ▼ 16.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €90,512 | €98,199 | €111,299 | €110,093 | €88,621 | ▼ 19.5% |
| Amounts payable17/49 | €43,483 | €67,043 | €36,398 | €19,425 | €13,963 | ▼ 28.1% |
| Amounts payable after more than one year17 | €5,438 | - | - | - | - | - |
| Financial debts170/4 | €5,438 | - | - | - | - | - |
| Amounts payable within one year42/48 | €38,045 | €67,043 | €36,398 | €19,425 | €13,963 | ▼ 28.1% |
| Current portion of amounts payable after more than one year42 | €3,715 | €5,097 | - | - | - | - |
| Trade debts44 | €11,768 | €43,059 | €13,941 | €1,148 | €2,508 | ▲ 119% |
| Suppliers440/4 | €11,768 | €43,059 | €13,941 | €1,148 | €2,508 | ▲ 119% |
| Advances received on contracts in progress46 | €955 | €4,173 | €5,071 | €5,071 | €5,327 | ▲ 5.0% |
| Taxes, remuneration and social security45 | €15,164 | €7,564 | €10,910 | €5,771 | €5,984 | ▲ 3.7% |
| Taxes450/3 | €6,327 | - | €3,287 | €44 | - | - |
| Remuneration and social security454/9 | €8,837 | €7,564 | €7,624 | €5,726 | €5,984 | ▲ 4.5% |
| Other amounts payable47/48 | €6,443 | €7,150 | €6,476 | €7,435 | €144 | ▼ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,159 | €7,687 | €13,101 | -€1,206 | -€21,472 | ▼ 1,681% |
| + Depreciation and write-downs630 | €10,065 | €5,377 | €7,161 | €2,888 | €2,888 | = |
| Operating cash flow (approximation) | -€22,094 | €13,063 | €20,261 | €1,683 | -€18,584 | ▼ 1,204% |
| Investment in fixed assets (approximation) | - | €0 | -€14,442 | €15 | €0 | ▼ 100% |
| Change in cash | - | €10,758 | -€14,185 | €85,303 | -€39,928 | ▼ 147% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7,687
Net result €7,687 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€32,159
Net result drops to -€32,159, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €38,630 ▲434%
Operating result €49,816, net result €38,630, both a record.
31-12
Financial
Equity above €100,000Eq €121,971 ▲46.4%
2 profitable years in a row build equity to €121,971.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Vorst · 1 establishment unit since 1997
Ground area
157 m²
Building footprint
110 m²
Volume, LiDAR
1,479 m³
Parcel 21383B0037/00M006, Brussels · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Edouard Branlystraat 17, 1190 Vorst
since 19972.083.929.687
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0037/00M006 | Brussels | 157 m² | 1 · 110 m² | 15.5 m · 4 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,776 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
Founded08-10-1997
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461612211
Also
9925:BE0461612211
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.