TRIGON
ActiveSummary
TRIGON has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €62,119. Equity has been growing by about 3.8% per year since 2019. Its solvency ranks better than 76% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-06-1995 Normal situation
- Activity
- Property management for co-owned buildings (syndics) NACE 68321
- Joint committee
- 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 30-06-2025
- Establishment units
- 2.113.389.874 8400 Oostende, since 20-12-2002
- 2.134.863.397 9100 Sint-Niklaas, since 01-07-2003and 1 other
- Financial year end
- 30 June
- Peppol
- Reachable since 19-05-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €1.6m
- ▲ 11.6%
- Turnover
- ≈ €1.8m
- estimated
- Profit
- €62,119
- ▼ 34.0%
- Equity
- €1.1m
- ▼ 4.6%
- Total assets
- €1.6m
- ▲ 9.6%
- Employees on 30-06-2025
- 20
- ▲ 5.3%
Score breakdownraises riskSize: 20.3 FTE, total assets €1.6mlowers riskEquity €1.1m (65.0% of total assets)Founded in 1995Liquidity: current ratio 2.68, cash €167,295Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 78% of them on solvency, 85% on liquidity, 81% on profitability and 29% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 05-01-2026 PDF all 30 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 24% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 16 | 19 | 20 |
| full-time | 11 | 15 | 17 | 18 |
| part-time | 2 | 1 | 2 | 2 |
| in full-time equivalents | 12.7 | 15.6 | 18.4 | 19.4 |
| Average over the year, in full-time equivalents | 14.5 | 14.8 | 17.8 | 20.3 |
| On a permanent contract | 13 | 16 | 19 | 20 |
| Joined | 5 | 12 | 9 | 9 |
| Left | 6 | 9 | 6 | 8 |
| Training hours | 397 | 147 | 273 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Overdue debts
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Overdue tax debts | - | €34,862 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €272,632 | €357,650 |
| Mortgage mandates | €267,750 | €267,750 | €131,250 | €131,250 |
| Carrying value of the mortgaged assets | €203,554 | €274,849 | €456,201 | €471,196 |
| Pledge on other assets, amount secured | €59,745 | €59,745 | €60,711 | €139,098 |
| Carrying value of the other pledged assets | €59,745 | €59,745 | €60,711 | €139,098 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €23,342 | €143,468 | €656,756 | €219,515 |
| Intangible fixed assets | - | €6,685 | €7,094 | €1,044 |
| Financial fixed assets | - | - | €372 | - |
| Depreciation and write-downs of the year | €61,992 | €105,174 | €164,841 | €150,370 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €2,347 awarded · €2,347 paidComparable companies
These companies have the same main activity as TRIGON: property management for co-owned buildings (syndics) (NACE 68321). They are comparable in size and age: total assets between €848,000 and €2.8m, founded between 1976 and 2002.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| TRIGON Sint-Niklaas | 1995 | €1.6m | €1.1m | €1.6m | - | €0.06m | 20.3 | 2025 |
| BRUSSELS BUSINESS FLATS - BELGIUM Brussel | 1995 | €1.5m | €0.9m | €1.1m | - | -€0.7m | 25.6 | 2025 |
| Bureau d'Etudes WOLF Liège | 2002 | €2.8m | €2.3m | €1.6m | - | €0.4m | 20.4 | 2025 |
| VANSWEEVELT VASTGOED Turnhout | 1998 | €1.8m | €0.5m | €1.6m | - | €0.2m | 12.9 | 2025 |
| FIDIMCO BEHEER Antwerpen | 1999 | €2.3m | €0.3m | €2.0m | - | €0.003m | 30.6 | 2025 |
| Groupe Médicis Sint-Pieters-Woluwe | 1976 | €2.3m | - | €1.4m | €4.4m | €0.2m | 15.7 | 2025 |
| AGENCE IMMOBILIERE SOCIALE QUARTIERS - SOCIAAL WONINGBUREAU WIJKEN S.V.K. Schaarbeek | 1998 | €0.8m | €0.3m | €1.0m | €2.1m | €0.1m | 11.4 | 2025 |
They were chosen from the 1,440 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as TRIGON has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRIGON itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 14,766 companies, not a prediction for TRIGON. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.009m | €0.003m | €0.04m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.9m | €1.1m | €1.3m | ▲ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.07m | €0.07m | €0.06m | €0.1m | €0.2m | €0.2m | ▼ 8.8% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.009m | €0.01m | €0.01m | ▲ 18.3% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | €0.02m | €0 | ▼ 100% |
| Gross operating margin9900 | €0.8m | €1.0m | €1.0m | €1.1m | €1.3m | €1.4m | €1.6m | ▲ 11.6% |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | ▼ 23.6% |
| Financial income75/76B | - | - | - | €0.02m | €0.007m | €0.005m | €0.009m | ▲ 106% |
| Recurring financial income75 | €0.003m | €0.002m | €0.01m | €0.02m | €0.007m | €0.005m | €0.009m | ▲ 106% |
| Financial charges65/66B | - | - | - | €0.002m | €0.002m | €0.01m | €0.02m | ▲ 40.8% |
| Recurring financial charges65 | €0.004m | €0.003m | €0.003m | €0.002m | €0.002m | €0.01m | €0.02m | ▲ 40.8% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | €0.1m | €0.1m | ▼ 25.3% |
| Income taxes67/77 | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | €0.04m | ▼ 6.0% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.09m | €0.06m | ▼ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.09m | €0.06m | ▼ 34.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €1.1m | €1.3m | €1.2m | €1.3m | €1.5m | €1.6m | ▲ 9.6% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.8m | €0.9m | ▲ 8.5% |
| Intangible fixed assets21 | - | - | - | - | €0.005m | €0.008m | €0.005m | ▼ 38.5% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.8m | €0.9m | ▲ 9.2% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.5m | €0.6m | ▲ 24.7% |
| Plant, machinery and equipment23 | - | - | - | €106 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.04m | €0.2m | €0.2m | ▼ 21.9% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.03m | €0.03m | €0.03m | ▲ 1.5% |
| Assets under construction and advance payments27 | - | - | - | - | €0.09m | - | - | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 67.6% |
| Current assets29/58 | €0.6m | €0.8m | €0.9m | €0.9m | €1.0m | €0.7m | €0.7m | ▲ 11.0% |
| Amounts receivable within one year40/41 | €0.08m | €0.06m | €0.07m | €0.1m | €0.3m | €0.09m | €0.2m | ▲ 116% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.07m | €0.2m | ▲ 176% |
| Other amounts receivable41 | - | - | - | €395 | €0.02m | €0.02m | €13 | ▼ 99.9% |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 3.8% |
| Cash at bank and in hand54/58 | €0.2m | €0.4m | €0.5m | €0.5m | €0.4m | €0.2m | €0.2m | ▼ 21.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.05m | €0.05m | €0.06m | ▲ 14.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.3m | €1.2m | €1.3m | €1.5m | €1.6m | ▲ 9.6% |
| Equity10/15 | €0.7m | €0.9m | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | ▼ 4.6% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.7m | €0.9m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 4.7% |
| Distributable reserves133 | - | - | - | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 4.7% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €0.3m | €0.2m | €0.2m | €0.1m | €0.2m | €0.4m | €0.6m | ▲ 51.6% |
| Amounts payable after more than one year17 | €0.08m | €0.05m | €0.03m | - | - | €0.2m | €0.3m | ▲ 33.3% |
| Financial debts170/4 | - | - | - | - | - | €0.2m | €0.3m | ▲ 32.1% |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.002m | - |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 76.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.06m | €0.07m | ▲ 27.5% |
| Trade debts44 | €0.08m | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | €0.05m | ▲ 133% |
| Suppliers440/4 | - | - | - | €0.03m | €0.02m | €0.02m | €0.05m | ▲ 133% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.07m | €0.2m | ▲ 106% |
| Taxes450/3 | - | - | - | €0.06m | €0.09m | €0.01m | €0.04m | ▲ 243% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.04m | €0.06m | €0.1m | ▲ 77.1% |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.005m | €0.005m | €0.001m | ▼ 81.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 122% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,985 | €220,429 | €236,841 | €199,295 | €224,768 | €94,136 | €62,119 | ▼ 34.0% |
| + Depreciation and write-downs630 | €80,892 | €73,779 | €68,724 | €61,992 | €105,174 | €164,841 | €150,370 | ▼ 8.8% |
| Operating cash flow (approximation) | €194,878 | €294,208 | €305,566 | €261,287 | €329,942 | €258,977 | €212,489 | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | -€44,005 | -€38,484 | -€15,820 | -€150,153 | -€644,951 | -€218,909 | ▲ 66.1% |
| Change in cash | - | €132,584 | €123,479 | -€39,785 | -€99,964 | -€137,743 | -€46,518 | ▲ 66.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 05-01-2026 | 2026-00005296 | |
| 30-06-2024 | abbreviated format | 27-12-2024 | 2024-00625654 | |
| 30-06-2023 | abbreviated format | 05-01-2024 | 2024-00543645 | |
| 30-06-2022 | abbreviated format | 26-12-2022 | 2022-20546384 | |
| 30-06-2021 | abbreviated format | 30-12-2021 | 2021-82000555 | |
| 30-06-2020 | abbreviated format | 08-01-2021 | 2021-00400579 | |
| 30-06-2019 | abbreviated format | 24-12-2019 | 2019-77200150 | |
| 30-06-2018 | abbreviated format | 24-12-2018 | 2018-75400173 | |
| 30-06-2017 | abbreviated format | 22-12-2017 | 2017-72600508 | |
| 30-06-2016 | abbreviated format | 19-01-2017 | 2017-01600186 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
TRIGON shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of TRIGON. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46021A0759/00L000 | Flanders | 2,430 m² | 1 · 859 m² | 20.1 m · 5 |
| 11805E1282/00N006 | Flanders | 598 m² | 1 · 598 m² | 30.8 m · 9 |
| 35386D0172/00C003 | Flanders | 271 m² | 1 · 247 m² | 23.4 m · 7 |