Financials
- Fiscal year
- 2024
- Turnover
- €21.4m
- Profit
- €6.2m
- Solvency
- 68.4%
Turnover▲ 23.3%
Net result
20222024
TRINEAN
ActiveSummary
TRINEAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.4m and a net result of €6.2m. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 170 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Manufacture of computer, electronic and optical products
NACE 26510NACE 33201Engineering and related technical consultancy, excluding land surveyors NACE 71121
#7 employer in East Flanders, Computer and electronic products sector1 site
Size
€21.4mturnover 2024
- Staff
- 33.9 FTE
- Equity
- €12.4m
- Profit
- €6.2m
Structure
- Parent
- Unchained labs
- Board
- 1 member
Auditor: BOES & VERRUE BEDRIJFSREVISORENAccounts 66 d overdue1 of 21 deeds read
Why 88- Figures for FY 2024 (filed 18-07-2025)- Liquidity: current ratio 3.09, cash €629,085+ Sector Manufacture of computer, electronic and optical products (NACE 26)+ Equity €12.4m (68.4% of total assets)Show the evidence
Checked score
Score 2024
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 75% of its sector peers (NACE 26, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
93-2
equity 68.4% of total assets
Liquidity
42-6
short-term debt 30.2% · cash 3.5%
Profitability
100=
return on assets 34.2%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● 0.0% vs 11-2024lowest value
01-2025: < 0.1%● 0.0% vs 12-2024lowest value
02-2025: < 0.1%▲ +2.2% vs 01-2025
03-2025: < 0.1%● 0.0% vs 02-2025
04-2025: < 0.1%● 0.0% vs 03-2025
05-2025: < 0.1%▲ +2.1% vs 04-2025
06-2025: 0.1%▲ +4.2% vs 05-2025
07-2025: 0.1%▲ +36.0% vs 06-2025
08-2025: 0.1%▼ -25.0% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%▲ +5.9% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%▼ -5.6% vs 01-2026
03-2026: 0.1%▲ +2.0% vs 02-2026
04-2026: 0.1%▲ +5.8% vs 03-2026
05-2026: 0.1%▲ +3.6% vs 04-2026
06-2026: 0.1%▲ +5.3% vs 05-2026
07-2026: 0.1%▲ +18.3% vs 06-2026
08-2026: 0.2%▲ +114% vs 07-2026
09-2026: 0.2%▲ +30.3% vs 08-2026
10-2026: 0.3%▲ +66.7% vs 09-2026highest value
- Figures for FY 2024 (filed 18-07-2025) raises the probability
- Liquidity: current ratio 3.09, cash €629,085 raises the probability
- Sector Manufacture of computer, electronic and optical products (NACE 26) lowers the probability
- Equity €12.4m (68.4% of total assets) lowers the probability
Credit up to €1,050,000 at 30 days acceptable
Liquidity ample (current ratio 3.09 against 3.26 in 2023; short-term debt: 30.2% and cash: 3.5% of total assets), and 31.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 26, small). Better than this share of them on solvency 71%, liquidity 38%, profitability 99%, growth against the median 93%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
49 d early
2022
68 d early
2021
75 d early
2020
60 d early
2019
66 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
- Resignation: Donald Phelps (director)Appointments: Brandon Frederick (bijkomende bestuurder)…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €6.2m ▲53.1%
Key points
- Positive: Equity rose in 2024from €6.2m to €12.4m ▲ 99.8% View
- Positive: Among the best 7% on net resultsector median €111,246 · 171 companies €6.2m View
- Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
- Caution: Board changedlatest change 07-05-2026 · 1 in office 1 joined · 1 left View
- Controlled by Unchained labs parent View
- Positive: 6 profitable years in a rowprofit 2024: €6.2m 6 years View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Unchained labs
- Auditor
- BOES & VERRUE BEDRIJFSREVISOREN
Go to Board & ownership
Timeline
- Events
- 18
- Since
- 2016
- 07-05-2026Resignation: Donald Phelps (director)
- 14-07-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of computer, electronic and optical productsNACE 26510
- Founded
- 16-10-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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