Trince
Board
7 directors, 1 in day-to-day management, 1 auditor, no change since September 2026Investor director, permanent representative VAN NEVEL Cédric Jacqueline Joseph Maurice
since 24-12-2024
term until 04-06-2027
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 19-06-2026
Director, permanent representative Jan Van den Berghe
since 18-12-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 19-06-2026
Alternate director, permanent representative Apache Management Ltd
since 18-12-2025
earlier director, until 15-01-2025
listed in the 2025 annual accounts, filed on 19-06-2026
Director, permanent representative Mathuis Philip
current term since 01-03-2026
term without a fixed end
earlier day-to-day manager, until 27-05-2026
listed in the 2025 annual accounts, filed on 19-06-2026
Director and day-to-day manager, permanent representative Braeckmans Kevin
director current term since 01-03-2026
day-to-day manager appointed by deed of 27-05-2026
term without a fixed end, 6-year term from 2026
listed in the 2025 annual accounts, filed on 19-06-2026
Cassel BV
Director, permanent representative Mastelinck Walter
since 01-03-2026
6-year term from 2026
also on the board of 6 other companies
listed in the 2025 annual accounts, filed on 19-06-2026
2 other companies bankruptStatutory auditor, permanent representative Kevin Defauw
appointed by deed of 05-09-2023
- BV THEIA INNOVATIONS
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 23-09-2021
Permanent representatives 6
Permanent representative, for Qbic Venture Partners II
appointed by deed of 15-01-2025
Apache Management Ltd
Permanent representative, for Novalis II General Partner
appointed by deed of 26-06-2024
Mandates through the years
13 names, the dashed line is todayBACON INVEST
Director
Director
Qbic Venture Partners II
Investor director
Investor director
Novalis II General Partner
Alternate director
Alternate director
BV THEIA INNOVATIONS
Director, Day-to-day manager
Director, Day-to-day manager
NOVALIS II
Director
Director
Cassel
Director
Director
Lovgren James
Director
Director
BDO Bedrijfsrevisoren bv
Statutory auditor
Statutory auditor
KEEREMAN Patrick
Director
Director
FLAMEZ Daisy
Director
Director
MATHUIS Philip Leo Joseph Louis
Director (not named in the articles)
Director (not named in the articles)
VAN NEVEL Cédric
Director
Director
Jan Van den Berghe
Director
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
- BACON INVEST
- Director, from 30-11-2021 to date
- Chair of the board, from 01-03-2026, ended, last mentioned on 27-05-2026
- Qbic Venture Partners II
- Investor director, from 30-11-2021 to date
- Novalis II General Partner
- Alternate director, appointed by deed of 26-06-2024, until 15-01-2025
- Alternate director, appointed by deed of 26-06-2024, still in office
- BV THEIA INNOVATIONS
- Director, from 18-12-2025 to date
- Day-to-day manager, appointed by deed of 27-05-2026, still in office
- NOVALIS II
- Director, from 18-12-2025 to date
- Cassel
- Director, since before 31-12-2025
- Lovgren James
- Director, appointed by deed of 14-09-2026, still in office
- BDO Bedrijfsrevisoren bv
- Statutory auditor, from 30-05-2023 to date
- KEEREMAN Patrick
- Director, appointed by deed of 09-12-2021, until 27-05-2026
- FLAMEZ Daisy
- Director, appointed by deed of 09-12-2021, until 29-12-2025
- MATHUIS Philip Leo Joseph Louis
- Director (not named in the articles), appointed by deed of 23-09-2021, until 29-12-2025
- VAN NEVEL Cédric
- Director, appointed by deed of 09-12-2021, until 15-01-2025
- Jan Van den Berghe
- Director, appointed by deed of 09-12-2021, ended, last mentioned on 09-12-2021
- Director, until 26-06-2024
Control
14.81%
This company
Trince
Equity €7.2m
Loss €1.6m in 2025
Capital
- Contribution
- €12,567,271.86
- Shares
- 10,263 in the deed of 23-09-2021 and 5 later capital increases
- Contribution per share
- €1,225
- Equity per share
- €701 in 2025
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- QBIC II FUND ARKIV
- BACON INVEST
- Novalis II
Source: lists of holdings in the owners' accounts
Articles of association
deed of 29-12-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At most 7 directors
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Artikel5, voorkooprechten,informatie- maar geen registratie-rechten,anti-verwateringsinschrijvingsrechten,beslissing Mijlpalen,recht…”“Zelfde rechten en voorrechten tenzij anders bepaald in statuten of Overeenkomst, bij overdracht overeenkomstig statuten blijven aandelen…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 09:00
Shareholders
3 ownersOwners 3
- Equity €16.1m Loss of €575,322 in 2025 (loss of €705,227 in 2024)Sourceaccounts Novalis II 202514.81%
- Equity €52.6m Loss of €118,284 in 2025 (loss of €520,203 in 2024) Checked score 9611.89%
- Equity €882,337 Profit of €26,946 in 2025 (profit of €37,044 in 2024)5.28%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 23-09-2021 ↗
- BRAECKMANS Kevin 591 shares (43%)
- DE SMEDT Stefaan Cornelis 137 shares (10%)
- BACON INVEST (BE 0773.972.601) 647 shares (47.1%)
Capital over time
- 29-12-2025 Capital increase of €5,143,860 · 3,690 new shares at €1,394 per share · in cash
- 15-01-2025 Capital increase of €993,030 · 790 new shares · in cash
- 15-01-2025 Capital increase of €1,035,387.06 · 1,033 new shares · in kind
- 09-12-2021 Capital increase of €2,000,000 · 2,000 new shares at €1,000 per share · in cash
- 09-12-2021 Capital increase of €1,375,000 · 1,375 new shares · in kind
- 23-09-2021 Incorporation · €13,750 · 1,375 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off2 other companies of this director went bankrupt (2025, 2026).
- BETOTRACE bankruptcy on 27-01-2026Official Gazetteappointed in 2022, still in office
- Midori Group bankruptcy on 14-01-2025Official Gazetteappointed in 2022, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.