TRIMAK
ActiveSummary
TRIMAK has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €757k and a net result of €-12k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+18
Solvency76▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 13.65 against 14.71 in 2024; short-term debt: 5% and cash: 35.3% of total assets), and 48.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
51.4%
Return on assets
-0.8%
Age of the figures
12 mo
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 €-12k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
37 d early
2023
35 d early
2022
17 d early
2021
10 d early
2020
31 d early
2019
35 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€757k▼ 4.5%
2024 · €793k
2018: €2.43Mhighest in 8 years
2019: €848k▼ -65.1% vs 2018
2020: €852k▲ +0.5% vs 2019
2021: €1.04M▲ +21.7% vs 2020
2022: €874k▼ -15.8% vs 2021
2023: €1.05M▲ +20.2% vs 2022
2024: €793k▼ -24.5% vs 2023
2025: €757k▼ -4.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€1.47M▼ 3.1%
2024 · €1.52M
2018: €3.00M
2019: €2.94M▼ -2.0% vs 2018
2020: €3.02M▲ +2.6% vs 2019
2021: €3.17M▲ +5.2% vs 2020highest in 8 years
2022: €2.93M▼ -7.7% vs 2021
2023: €2.71M▼ -7.6% vs 2022
2024: €1.52M▼ -43.8% vs 2023
2025: €1.47M▼ -3.1% vs 2024lowest in 8 years
2018 → 2025
Net result
€-12k▲ 87.0%
2024 · €-90k
2018: €135k
2019: €-538▼ -100% vs 2018
2020: €8k▲ +1600% vs 2019
2021: €189k▲ +2239% vs 2020
2022: €-160k▼ -185% vs 2021lowest in 8 years
2023: €428k▲ +367% vs 2022highest in 8 years
2024: €-90k▼ -121% vs 2023
2025: €-12k▲ +87.0% vs 2024
2018 → 2025
Working capital
€933k▼ 0.7%
2024 · €940k
2018: €1.63Mhighest in 8 years
2019: €444k▼ -72.8% vs 2018lowest in 8 years
2020: €523k▲ +17.8% vs 2019
2021: €771k▲ +47.3% vs 2020
2022: €643k▼ -16.6% vs 2021
2023: €1.40M▲ +118% vs 2022
2024: €940k▼ -33.0% vs 2023
2025: €933k▼ -0.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.04M-€874k▼ 15.8%€1.05M▲ 20.2%€793k▼ 24.5%€757k▼ 4.5%
2021: €1.04M
2022: €874k▼ -15.8% vs 2021
2023: €1.05M▲ +20.2% vs 2022highest in 5 years
2024: €793k▼ -24.5% vs 2023
2025: €757k▼ -4.5% vs 2024lowest in 5 years
Operating result€223k-€-199k€585k€-62k€16k
2021: €223k
2022: €-199k▼ -189% vs 2021lowest in 5 years
2023: €585k▲ +394% vs 2022highest in 5 years
2024: €-62k▼ -111% vs 2023
2025: €16k▲ +126% vs 2024
Net result€189k-€-160k€428k€-90k€-12k▲ 87.0%
2021: €189k
2022: €-160k▼ -185% vs 2021lowest in 5 years
2023: €428k▲ +367% vs 2022highest in 5 years
2024: €-90k▼ -121% vs 2023
2025: €-12k▲ +87.0% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €62k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€466k ▼ 8.9%
Current assets
€1.01M ▼ 0.1%
Equity and liabilities €1.47M
Equity
€757k ▼ 4.5%
Debt
€716k ▼ 1.6%
Debt's share of the balance-sheet total rises from 47.8% to 48.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €-16k
Cash flow
€34k▲
2024 · €-44k
Current ratio
13.65▼
2024 · 14.71
Debt to equity
0.95▲
2024 · 0.92
ROE
-1.5%▲
2024 · -11.3%
ROA
-0.8%▲
2024 · -5.9%
Interest coverage
1.29▲
2024 · -0.28
Debt ≤ 1 year
€74k▲
2024 · €69k
Debt > 1 year
€642k▼
2024 · €659k
Income taxes
€279▼
2024 · €292
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€1.47M▼
Fixed assets21/28€512k€466k▼
Tangible fixed assets22/27€512k€466k▼
Land and buildings22€445k€421k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€62k€43k▼
Other tangible fixed assets26€862€626▼
Financial fixed assets28€56€56=
Current assets29/58€1.01M€1.01M▼
Amounts receivable within one year40/41€318k€338k▲
Other amounts receivable41€318k€338k▲
Current investments50/53€147k€147k=
Cash at bank and in hand54/58€541k€520k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.47M▼
Equity10/15€793k€757k▼
Contributions10/11€256k€256k=
Capital10€256k€256k=
Issued capital100€256k€256k=
Reserves13€627k€603k▼
Non-distributable reserves130/1€26k€26k=
Legal reserve130€15k€15k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€601k€578k▼
Profit (loss) carried forward14€-90k€-102k▼
Investment grants15€0-
Amounts payable17/49€727k€716k▼
Amounts payable after more than one year17€659k€642k▼
Other amounts payable178/9€659k€642k▼
Amounts payable within one year42/48€69k€74k▲
Trade debts44€768€2k▲
Suppliers440/4€768€2k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€26k€15k▼
Taxes450/3€26k€15k▼
Other amounts payable47/48€42k€57k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€46k▼
Other operating charges640/8€155k€52k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€138k€114k▼
Operating profit (loss)9901€-62k€16k▲
Financial income75/76B€33k€20k▼
Recurring financial income75€33k€20k▼
Financial charges65/66B€60k€48k▼
Recurring financial charges65€60k€48k▼
Profit (loss) for the period before taxes9903€-90k€-11k▲
Income taxes67/77€292€279▼
Profit (loss) for the period9904€-90k€-12k▲
Profit (loss) for the period to be appropriated9905€-90k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-90k€-102k▼
Profit (loss) brought forward from the previous period14P€0€-90k▼
Transfer from equity791/2€161k€24k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€161k€24k▼
Return on contributions (dividend)694€161k€24k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (8 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 | - | - | €673k | €0 | - | - |
| Remuneration, social security and pensions62 | €527k | €240k | €3k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56k | €14k | €45k | €46k | €46k | ▼ 0.6% |
| Other operating charges640/8 | €37k | €36k | €58k | €155k | €52k | ▼ 66.3% |
| Non-recurring operating charges66A | - | €31k | €22k | €0 | - | - |
| Gross operating margin9900 | €844k | €122k | €715k | €138k | €114k | ▼ 17.5% |
| Operating profit (loss)9901 | €223k | €-199k | €585k | €-62k | €16k | ▲ 126% |
| Financial income75/76B | €54k | €40k | €17k | €33k | €20k | ▼ 38.4% |
| Recurring financial income75 | €54k | €40k | €17k | €33k | €20k | ▼ 38.4% |
| Financial charges65/66B | €2k | €1k | €27k | €60k | €48k | ▼ 19.9% |
| Recurring financial charges65 | €2k | €1k | €27k | €60k | €48k | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €276k | €-160k | €575k | €-90k | €-11k | ▲ 87.2% |
| Income taxes67/77 | €87k | €-113 | €148k | €292 | €279 | ▼ 4.5% |
| Profit (loss) for the period9904 | €189k | €-160k | €428k | €-90k | €-12k | ▲ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €189k | €-160k | €428k | €-90k | €-12k | ▲ 87.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.17M | €2.93M | €2.71M | €1.52M | €1.47M | ▼ 3.1% |
| Fixed assets21/28 | €276k | €231k | €546k | €512k | €466k | ▼ 8.9% |
| Tangible fixed assets22/27 | €275k | €230k | €546k | €512k | €466k | ▼ 8.9% |
| Land and buildings22 | €261k | €223k | €456k | €445k | €421k | ▼ 5.2% |
| Plant, machinery and equipment23 | €10k | €7k | €7k | €4k | €1k | ▼ 68.4% |
| Furniture and vehicles24 | €5k | €0 | €81k | €62k | €43k | ▼ 30.9% |
| Other tangible fixed assets26 | - | - | €1k | €862 | €626 | ▼ 27.4% |
| Financial fixed assets28 | €1k | €1k | €56 | €56 | €56 | = |
| Current assets29/58 | €2.90M | €2.70M | €2.16M | €1.01M | €1.01M | ▼ 0.1% |
| Amounts receivable after more than one year29 | €146k | €146k | €0 | - | - | - |
| Other amounts receivable291 | €146k | €146k | €0 | - | - | - |
| Stocks and contracts in progress3 | €1.37M | €0 | - | - | - | - |
| Stocks30/36 | €1.37M | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €74k | €748k | €292k | €318k | €338k | ▲ 6.3% |
| Trade receivables40 | €31k | €443k | €0 | - | - | - |
| Other amounts receivable41 | €44k | €305k | €292k | €318k | €338k | ▲ 6.3% |
| Current investments50/53 | €164k | €147k | €147k | €147k | €147k | = |
| Cash at bank and in hand54/58 | €1.13M | €1.66M | €1.72M | €541k | €520k | ▼ 3.9% |
| Deferred charges and accrued income490/1 | €8k | €0 | - | €2k | €3k | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.17M | €2.93M | €2.71M | €1.52M | €1.47M | ▼ 3.1% |
| Equity10/15 | €1.04M | €874k | €1.05M | €793k | €757k | ▼ 4.5% |
| Contributions10/11 | €154k | €154k | €256k | €256k | €256k | = |
| Capital10 | €154k | €154k | €256k | €256k | €256k | = |
| Issued capital100 | €154k | €154k | €256k | €256k | €256k | = |
| Reserves13 | €873k | €873k | €788k | €627k | €603k | ▼ 3.8% |
| Non-distributable reserves130/1 | €15k | €15k | €26k | €26k | €26k | = |
| Legal reserve130 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves not available under the articles1311 | - | - | €10k | €10k | €10k | = |
| Distributable reserves133 | €858k | €858k | €762k | €601k | €578k | ▼ 3.9% |
| Profit (loss) carried forward14 | - | €-160k | €0 | €-90k | €-102k | ▼ 13.0% |
| Investment grants15 | €10k | €7k | €7k | €0 | - | - |
| Amounts payable17/49 | €2.14M | €2.06M | €1.66M | €727k | €716k | ▼ 1.6% |
| Amounts payable after more than one year17 | - | - | €899k | €659k | €642k | ▼ 2.5% |
| Other amounts payable178/9 | - | - | €899k | €659k | €642k | ▼ 2.5% |
| Amounts payable within one year42/48 | €2.13M | €2.06M | €759k | €69k | €74k | ▲ 7.7% |
| Trade debts44 | €228k | €388k | €6k | €768 | €2k | ▲ 151% |
| Suppliers440/4 | €228k | €388k | €6k | €768 | €2k | ▲ 151% |
| Advances received on contracts in progress46 | €190k | €0 | €15k | €0 | - | - |
| Taxes, remuneration and social security45 | €109k | €0 | €156k | €26k | €15k | ▼ 43.3% |
| Taxes450/3 | €62k | €0 | €156k | €26k | €15k | ▼ 43.3% |
| Remuneration and social security454/9 | €48k | €0 | - | - | - | - |
| Other amounts payable47/48 | €1.60M | €1.67M | €582k | €42k | €57k | ▲ 36.8% |
| Accrued charges and deferred income492/3 | €10k | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €189k | €-160k | €428k | €-90k | €-12k | ▲ 87.0% |
| + Depreciation and write-downs630 | €56k | €14k | €45k | €46k | €46k | ▼ 0.6% |
| Operating cash flow (approximation) | €245k | €-146k | €473k | €-44k | €34k | ▲ 177% |
| Investment in fixed assets (approximation) | - | €31k | €-360k | €-12k | €0 | ▲ 100% |
| Change in cash | - | €527k | €65k | €-1.18M | €-21k | ▲ 98.2% |
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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity times 5current ratio 14.71
Current ratio from 2.85 to 14.71; short-term debt falls from €759k to €69k.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €428k
Net result €428k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 2.85
Current ratio from 1.31 to 2.85; short-term debt falls from €2.06M to €759k.
30-09
Financial
Equity above €1MEq €1.05M ▲20.2%
Equity rises from €874k to €1.05M.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-160k
Net result drops to €-160k, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €1MEq €1.04M ▲21.7%
2 profitable years in a row build equity to €1.04M.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-09
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Kluisbergen · 1 establishment unit since 1999
Ground area
4,732 m²
Building footprint
168 m²
Volume, LiDAR
1,148 m³
Parcel 45018A0352/00K000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Trimak
since 19992.027.925.946
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45018A0352/00K000 | Flanders | 4,732 m² | 1 · 168 m² | 9.3 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.
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P.S.-ORION
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-09-1985
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.