Equity
€7.2m ▲ 106%
Equity rose in 2025: capital increase.
Trince
Lifetime
4 annual accounts with figures on one time axispeak -€74,970 (2025)
-€74,970▲ €158,586
lowest -€1.6m (2024)
-€1.6m▲ €44,319
peak €7.2m (2025)
€7.2m▲ 106%
€1.5m▼ 36.8%
peak 11.2 FTE (2025)
11.2 FTE▲ 20.4%
Board13 names since 2021all names
7 directorsBACON INVEST and 6 others
Owners3 names in the annual accounts
11.89%QBIC II FUND ARKIV and 1 other
Documentsfilings and deeds
19-06-202642 days before the deadline
2025abbreviated format
Gross margin from -€233,556 to -€74,970Loss of €1.6mStaff from 9.3 FTE to 11.2 FTECapital increase of €5,143,860 29-121 director appointed, 2 resignations 15-01Equity from €3.5m to €7.2m
Key points
from the 2025 annual accountsLosses
-€5.8m in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Staff
11 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Liquidity
11.00 was 6.23 in 2024
Short-term debts rose from €502,124 to €572,094.
Board
5 joined · 3 left
Board changed. Latest change 14-09-2026 · 7 in office.
Position in the sector
-€1.6m
Lower net result than 95% of companies in architecture and engineering. Sector median €27,060 · 2,563 companies.
Turnover not published (abbreviated format)
Checked score
97
Excellent
Financially stronger than 73% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.2%▼ -0.2 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €1.6m, the second in a row (financial year 2025)
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 11.00, cash €5.1m
Equity €7.2m (82.4% of total assets)
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 71, small). It does better than 92% of them on solvency, 99% on liquidity, 3% on profitability and 97% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 224 companies had the same profile as Trince has now. Each dot is one company, two years later.
88.4%
were still trading
7.1%
stopped another way
4.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Trince itself is lower: 0.1% within 12 months. It rests on far more data about Trince than the profile alone.
Test of the method
The method was tested on the 497,447 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 224 companies, not a prediction for Trince. 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.
Credit verdict
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.0 (6.23 in 2024), above the usual 1.5. Short-term debt is 6.5% and cash 58.7% of total assets. 17.6% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
42 days early
2024
37 days early
2023
49 days early
2022
47 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 44 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 June (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 2 others
- Novalis II 14.81%equity €16.1m (2025) · 2025 annual accounts of Novalis II
- QBIC II FUND ARKIV 11.89%score 96equity €52.6m (2025) · 2025 annual accounts of QBIC II FUND ARKIV
- BACON INVEST 5.28%equity €882,337 (2025) · 2025 annual accounts of BACON INVEST
Recent changes
Appointment: Lovgren James (director)
Gazette deed
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Kevin Defauw · General meeting of 10-06-2026 · Gazette deed
2 directors appointed, 1 resignation
Change of role: BV BACON INVEST, from day-to-day manager to chair of the board · Resignation: KEEREMAN Patrick · Appointments: BV THEIA INNOVATIONS (day-to-day manager) and BV CASSEL · General meeting of 17-03-2026 · Gazette deed
Capital increase of €5,143,860
3,690 new shares · Resignations: FLAMEZ Daisy (director) and MATHUIS Philip (director) · Appointments: THEIA INNOVATIONS, BACON INVEST and NOVALIS II · General meeting of 18-12-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Trince Ghent | €8.7m | -€0.07m | 82.4% | 11.2 |
| C-Battery Temse | €8.5m | -€0.4m | 79.6% | 7.3 |
| CMB.TECH Industry Antwerp | €13.5m | -€2.3m | 80.6% | 7.7 |
| BEEBOP Antwerp | €6.6m | -€0.8m | 89.8% | 4.5 |
| Green Energy Park Asse | €3.8m | -€0.6m | -88.2% | 8.6 |
| Minze Antwerp | €6.0m | -€0.2m | 86.3% | 13.4 |
| Spectricity Mechelen | €4.8m | -€0.6m | -218.1% | 22.6 |
These companies have the same main activity as Trince: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €3.8m and €14m, founded between 2015 and 2023.
Official details
Source: KBO- Status
- Active since 21-09-2021Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 1 other
- Establishment unit
- 2.321.825.9499000 Ghent, since 01-10-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 07-07-2025
Annual accounts 2025
- €8.7m▲ 47.4%
- Employeeson 31-12-2025
- 11=
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on Trince
Trince files the abbreviated format. That format states no turnover. The gross margin rose from -€582,497 in 2022 to -€74,970 in 2025.
In 2025, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Trince
- What is the company number of Trince?
- The company number of Trince is 0774.374.358. The VAT number is the same number with BE in front: BE 0774.374.358.
- Where is Trince based?
- The registered office is at Ottergemsesteenweg-Zuid 731, 9000 Ghent.Company details
- What does Trince do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Trince?
- Trince is a private limited company (BV).
- When was Trince founded?
- Trince was founded on 21-09-2021.
- Is Trince still active?
- Yes, Trince is an active enterprise in the KBO register.
- How many employees does Trince have?
- Trince had an average of 11.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Trince?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is Trince profitable?
- In financial year 2025, Trince made a loss of €1.6m.
- Where can I find the annual accounts of Trince?
- Trince filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Trince due?
- Trince must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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