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TRIEST

Active
Private limited company (pre-2019)founded 198739 yrs activeEmiel Hertecantlaan(B) 32A, 9290 Berlare, BelgiumKBO/BCE: BE 0431.211.619
Summary

TRIEST has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56,607 and a net result of -€14,244. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability25▼-48
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.52 against 1.83 in 2023; short-term debt: 5.5% and cash: 5.6% of total assets), and 5.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
94.4%
Return on assets
-23.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-01-2026, 162 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
162 d late
2023
61 d late
2022
30 d late
2021
31 d late
2020
23 d early
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 43 days after 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 May 1987, TRIEST was incorporated.1 Total assets went from EUR 99,917 in 2018 to EUR 59,976 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€56,607▼ 20.1%
2023 · €70,850
Total assets
€59,976▼ 33.7%
2023 · €90,470
Net result
-€14,244
2023 · €3,007
Working capital
€11,630▼ 28.2%
2023 · €16,201
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€9,631-€2,031▲ 78.9%€4,606€4,536▼ 1.5%-€14,145
Net result-€7,819-€1,405▲ 82.0%€4,480€3,007▼ 32.9%-€14,244
Equity€72,588=€63,363▼ 12.7%€67,844▲ 7.1%€70,850▲ 4.4%€56,607▼ 20.1%
Total assets€88,641▼ 1.8%€71,817▼ 19.0%€76,548▲ 6.6%€90,470▲ 18.2%€59,976▼ 33.7%
Debt€16,053▼ 22.1%€8,454▼ 47.3%€8,705▲ 3.0%€19,619▲ 125%€3,369▼ 82.8%
Working capital€16,900=€18,398▲ 8.9%€8,770▼ 52.3%€16,201▲ 84.7%€11,630▼ 28.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0€5,000Operating result 2020: -€9,631-€9,631Net result 2020: -€7,819-€7,819Operating result 2021: -€2,031-€2,031Net result 2021: -€1,405-€1,405Operating result 2022: €4,606€4,606Net result 2022: €4,480€4,480Operating result 2023: €4,536€4,536Net result 2023: €3,007€3,007Operating result 2024: -€14,145-€14,145Net result 2024: -€14,244-€14,24420202021202220232024-€15,000-€10,000-€5,000€0€5,000Operating result 2022: €4,606€4,610Net result 2022: €4,480€4,480Operating result 2023: €4,536€4,540Net result 2023: €3,007€3,010Operating result 2024: -€14,145-€14,100Net result 2024: -€14,244-€14,200202220232024
The operating result turns negative in 2024: a loss of €14,145 after €4,536 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,976
Fixed assets €45,041 ▼ 17.6%
Current assets €14,935 ▼ 58.3%
Equity and liabilities €59,976
Equity €56,607 ▼ 20.1%
Debt €3,369 ▼ 82.8%
Debt's share of the balance-sheet total falls from 21.7% to 5.6%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€821▼
2023 · €20,358
Cash flow
€722▼
2023 · €18,829
Current ratio
4.52▲
2023 · 1.83
Debt to equity
0.06▼
2023 · 0.28
ROE
-25.2%▼
2023 · 4.2%
ROA
-23.7%▼
2023 · 3.3%
Interest coverage
2.97▼
2023 · 87.03
Debt ≤ 1 year
€3,305▼
2023 · €19,619
Income taxes
€174▼
2023 · €1,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,827 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
14% 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 1.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 5,827 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€90,470€59,976▼
Fixed assets21/28€54,649€45,041▼
Tangible fixed assets22/27€54,600€44,991▼
Plant, machinery and equipment23€23,720€17,990▼
Furniture and vehicles24€2,694€3,955▲
Other tangible fixed assets26€28,186€23,047▼
Financial fixed assets28€50€50=
Current assets29/58€35,820€14,935▼
Amounts receivable within one year40/41€5,972€10,533▲
Trade receivables40€2,068€915▼
Other amounts receivable41€3,904€9,617▲
Current investments50/53€1,000€1,000=
Cash at bank and in hand54/58€28,356€3,362▼
Deferred charges and accrued income490/1€492€40▼
Equity and liabilities
Total equity and liabilities10/49€90,470€59,976▼
Equity10/15€70,850€56,607▼
Contributions10/11€12,400€12,400=
Reserves13€58,450€44,207▼
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Tax-exempt reserves132€1,188€1,188=
Distributable reserves133€55,403€41,159▼
Amounts payable17/49€19,619€3,369▼
Amounts payable within one year42/48€19,619€3,305▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€17,546€1,655▼
Suppliers440/4€17,546€1,655▼
Taxes, remuneration and social security45€2,073€1,650▼
Taxes450/3€2,073€1,650▼
Accrued charges and deferred income492/3-€64
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,823€14,966▼
Other operating charges640/8€1,019€789▼
Gross operating margin9900€21,377€1,610▼
Operating profit (loss)9901€4,536-€14,145▼
Financial income75/76B€180€352▲
Recurring financial income75€180€352▲
Financial charges65/66B€234€276▲
Recurring financial charges65€234€276▲
Profit (loss) for the period before taxes9903€4,482-€14,069▼
Income taxes67/77€1,475€174▼
Profit (loss) for the period9904€3,007-€14,244▼
Profit (loss) for the period to be appropriated9905€3,007-€14,244▼
Appropriation of the result
Profit (loss) to be appropriated9906€3,007-€14,244▼
Transfer from equity791/2-€14,244
Transfer to equity691/2€3,007€0▼
To other reserves6921€3,007€0▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,655€15,197€12,466€15,823€14,966▼ 5.4%
Other operating charges640/8-€721€758€1,019€789▼ 22.5%
Non-recurring operating charges66A-€2,932€0---
Gross operating margin9900€19,889€16,819€17,830€21,377€1,610▼ 92.5%
Operating profit (loss)9901-€9,631-€2,031€4,606€4,536-€14,145▼ 412%
Financial income75/76B-€1,265€929€180€352▲ 95.1%
Recurring financial income75€2,373€1,265€929€180€352▲ 95.1%
Financial charges65/66B-€507€457€234€276▲ 18.1%
Recurring financial charges65€445€507€457€234€276▲ 18.1%
Profit (loss) for the period before taxes9903-€7,703-€1,273€5,078€4,482-€14,069▼ 414%
Income taxes67/77€2,332€133€597€1,475€174▼ 88.2%
Profit (loss) for the period9904-€7,819-€1,405€4,480€3,007-€14,244▼ 574%
Profit (loss) for the period to be appropriated9905-€7,819-€1,405€4,480€3,007-€14,244▼ 574%
Line20202021202220232024Change
Assets
Total assets20/58€88,641€71,817€76,548€90,470€59,976▼ 33.7%
Formation expenses20€0-----
Fixed assets21/28€56,774€44,966€59,074€54,649€45,041▼ 17.6%
Intangible fixed assets21€0-----
Tangible fixed assets22/27€56,724€44,916€59,024€54,600€44,991▼ 17.6%
Plant, machinery and equipment23-€19,017€22,735€23,720€17,990▼ 24.2%
Furniture and vehicles24-€4,306€2,640€2,694€3,955▲ 46.8%
Other tangible fixed assets26-€21,593€33,650€28,186€23,047▼ 18.2%
Financial fixed assets28€50€50€50€50€50=
Current assets29/58€31,867€26,851€17,474€35,820€14,935▼ 58.3%
Stocks and contracts in progress3€0-----
Amounts receivable within one year40/41€27,149€18,887€6,818€5,972€10,533▲ 76.4%
Trade receivables40-€141€767€2,068€915▼ 55.7%
Other amounts receivable41-€18,746€6,051€3,904€9,617▲ 146%
Current investments50/53€1,000€1,000€1,000€1,000€1,000=
Cash at bank and in hand54/58€3,719€6,927€9,656€28,356€3,362▼ 88.1%
Deferred charges and accrued income490/1-€37€0€492€40▼ 91.8%
Equity and liabilities
Total equity and liabilities10/49€88,641€71,817€76,548€90,470€59,976▼ 33.7%
Equity10/15€72,588€63,363€67,844€70,850€56,607▼ 20.1%
Contributions10/11-€12,400€12,400€12,400€12,400=
Reserves13€60,188€50,963€55,444€58,450€44,207▼ 24.4%
Non-distributable reserves130/1-€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311-€1,859€1,859€1,859€1,859=
Tax-exempt reserves132-€1,188€1,188€1,188€1,188=
Distributable reserves133-€47,916€52,396€55,403€41,159▼ 25.7%
Profit (loss) carried forward14€0-----
Amounts payable17/49€16,053€8,454€8,705€19,619€3,369▼ 82.8%
Amounts payable after more than one year17€971-----
Amounts payable within one year42/48€14,968€8,454€8,705€19,619€3,305▼ 83.2%
Current portion of amounts payable after more than one year42-€715€3,979€0--
Trade debts44€6,771€7,506€4,012€17,546€1,655▼ 90.6%
Suppliers440/4-€7,506€4,012€17,546€1,655▼ 90.6%
Taxes, remuneration and social security45-€233€714€2,073€1,650▼ 20.4%
Taxes450/3-€233€714€2,073€1,650▼ 20.4%
Accrued charges and deferred income492/3----€64-
Line20202021202220232024Change
Profit (loss) for the period9904-€7,819-€1,405€4,480€3,007-€14,244▼ 574%
+ Depreciation and write-downs630€15,655€15,197€12,466€15,823€14,966▼ 5.4%
Operating cash flow (approximation)€7,835€13,792€16,946€18,829€722▼ 96.2%
Investment in fixed assets (approximation)--€3,389-€26,574-€11,398-€5,357▲ 53.0%
Change in cash-€3,209€2,729€18,700-€24,994▼ 234%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
09-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 162 days late
2024
31-12
Financial Weakest financial yearnet -€14,244
Net result drops to -€14,244, the lowest in the series.
31-12
Financial Liquidity doublescurrent ratio 4.52
Current ratio from 1.83 to 4.52; short-term debt falls from €19,619 to €3,305.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Back to profitnet €4,480
Net result €4,480 after 2 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
08-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €4,284
Net result €4,284 after one loss-making year.
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
09-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
26-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Berlare · 1 establishment unit since 1987
seat establishment approximate The establishment unit on the map
Ground area
1,232 m²
Building footprint
358 m²
Volume, LiDAR
1,974 m³
2 parcels, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Emiel Hertecantlaan(B) 32 A, 9290 Berlare
NACE 85130
since 19872.030.835.847
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42003C0412/00D005indicative Flanders 927 m² 1 · 270 m² 8.5 m · 1 fl.
42003D0354/00K004 Flanders 305 m² 1 · 88 m² 9.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded22-05-1987
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.