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TRIO

Active
Public limited companyfounded 200224 yrs activeLuikersteenweg 254, 3500 Hasselt, BelgiumKBO/BCE: BE 0476.864.569
Summary

TRIO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.2m) and a net result of €530,851. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth41=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.49 in 2024; short-term debt: 606.1% and cash: 0.4% of total assets), and equity is negative.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Return on assets
387.3%
Age of the figures
12 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9294 sector peers (2025).
NBB · sector comparison
Position among 9294 sector peers
Solvency
better than 5%
← weakest strongest →
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 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 d early
2024
30 d early
2023
on the day
2022
30 d early
2021
47 d early
2020
30 d early
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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 months
Position in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TRIO was incorporated on 7 February 2002.1 Revenue fell from EUR 574,004 in 2018 to EUR 492,663 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020

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Financials · fiscal year 2025, abbreviated schema

Turnover
€492,663▼ 14.2%
2018 · €574,004
EBIT margin
-768.3%▼ 805.0pp
2018 · 36.8%
Net result
€530,851▼ 25.3%
2024 · €710,310
Working capital
-€693,660▼ 64.3%
2024 · -€422,095
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result-€829,142▲ 78.1%€620,156€757,853▲ 22.2%€757,118▼ 0.1%€572,127▼ 24.4%
Net result-€878,708▲ 76.8%€569,255€704,249▲ 23.7%€710,310▲ 0.9%€530,851▼ 25.3%
EBIT margin
Equity-€4.7m▼ 23.1%-€4.1m▲ 12.1%-€3.4m▲ 17.1%-€2.7m▲ 20.8%-€2.2m▲ 19.6%
Total assets€943,935▼ 63.7%€749,008▼ 20.7%€587,234▼ 21.6%€410,698▼ 30.1%€137,049▼ 66.6%
Debt€5.6m▼ 12.1%€4.9m▼ 13.6%€4.0m▼ 17.8%€3.1m▼ 22.2%€2.3m▼ 25.8%
Working capital€10,840▼ 99.2%-€159,771-€274,718▼ 71.9%-€422,095▼ 53.6%-€693,660▼ 64.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€1.0m-€500,000€0€500,000€1.0mOperating result 2021: -€829,142-€829,142Net result 2021: -€878,708-€878,708Operating result 2022: €620,156€620,156Net result 2022: €569,255€569,255Operating result 2023: €757,853€757,853Net result 2023: €704,249€704,249Operating result 2024: €757,118€757,118Net result 2024: €710,310€710,310Operating result 2025: €572,127€572,127Net result 2025: €530,851€530,85120212022202320242025€0€200,000€400,000€600,000€800,000Operating result 2023: €757,853€758,000Net result 2023: €704,249€704,000Operating result 2024: €757,118€757,000Net result 2024: €710,310€710,000Operating result 2025: €572,127€572,000Net result 2025: €530,851€531,000202320242025
The operating result has fallen two years in a row; 2025 is 24% below 2024.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.16▼
2024 · 0.49
Debt to equity
-1.06▲
2024 · -1.15
ROA
387.3%▲
2024 · 173.0%
Debt ≤ 1 year
€830,710▼
2024 · €832,793
Debt > 1 year
€1.5m▼
2024 · €2.3m
A ratio outside any meaningful range has been withheld (balance sheet total €137,049, equity -€2.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.5% went bankrupt
5.3% stopped otherwise
91% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€410,698€137,049▼
Current assets29/58€410,698€137,049▼
Amounts receivable after more than one year29€182,327€48,709▼
Trade receivables290€182,327€48,709▼
Amounts receivable within one year40/41€227,871€87,778▼
Trade receivables40€227,871€87,778▼
Cash at bank and in hand54/58€500€500=
Deferred charges and accrued income490/1-€62
Equity and liabilities
Total equity and liabilities10/49€410,698€137,049▼
Equity10/15-€2.7m-€2.2m▲
Contributions10/11€126,000€126,000=
Capital10€126,000€126,000=
Issued capital100€126,000€126,000=
Profit (loss) carried forward14-€2.8m-€2.3m▲
Amounts payable17/49€3.1m€2.3m▼
Amounts payable after more than one year17€2.3m€1.5m▼
Other amounts payable178/9€2.3m€1.5m▼
Amounts payable within one year42/48€832,793€830,710▼
Current portion of amounts payable after more than one year42€800,000€800,000=
Trade debts44€1,158€653▼
Suppliers440/4€1,158€653▼
Taxes, remuneration and social security45€31,634€30,057▼
Taxes450/3€31,634€30,057▼
Income statement Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4,593€143,074▲
Other operating charges640/8€1,115€550▼
Gross operating margin9900€753,640€715,751▼
Operating profit (loss)9901€757,118€572,127▼
Financial income75/76B€26,804€13,396▼
Recurring financial income75€26,804€13,396▼
Financial charges65/66B€73,611€54,672▼
Recurring financial charges65€73,611€54,672▼
Profit (loss) for the period before taxes9903€710,310€530,851▼
Profit (loss) for the period9904€710,310€530,851▼
Profit (loss) for the period to be appropriated9905€710,310€530,851▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2.8m-€2.3m▲
Profit (loss) brought forward from the previous period14P-€3.5m-€2.8m▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€2.5m--€4,593€143,074▲ 3,215%
Other operating charges640/8-€2.5m€930€1,115€550▼ 50.6%
Gross operating margin9900€609,388€660,322€758,783€753,640€715,751▼ 5.0%
Operating profit (loss)9901-€829,142€620,156€757,853€757,118€572,127▼ 24.4%
Financial income75/76B-€53,814€35,710€26,804€13,396▼ 50.0%
Recurring financial income75€65,126€53,814€35,710€26,804€13,396▼ 50.0%
Financial charges65/66B-€104,715€89,314€73,611€54,672▼ 25.7%
Recurring financial charges65€114,692€104,715€89,314€73,611€54,672▼ 25.7%
Profit (loss) for the period before taxes9903-€878,708€569,255€704,249€710,310€530,851▼ 25.3%
Profit (loss) for the period9904-€878,708€569,255€704,249€710,310€530,851▼ 25.3%
Profit (loss) for the period to be appropriated9905-€878,708€569,255€704,249€710,310€530,851▼ 25.3%
Line20212022202320242025Change
Assets
Total assets20/58€943,935€749,008€587,234€410,698€137,049▼ 66.6%
Current assets29/58€943,935€749,008€587,234€410,698€137,049▼ 66.6%
Amounts receivable after more than one year29-€473,972€348,972€182,327€48,709▼ 73.3%
Trade receivables290-€473,972€348,972€182,327€48,709▼ 73.3%
Amounts receivable within one year40/41€284,337€274,536€237,762€227,871€87,778▼ 61.5%
Trade receivables40-€274,536€237,762€227,871€87,778▼ 61.5%
Cash at bank and in hand54/58€500€500€500€500€500=
Deferred charges and accrued income490/1----€62-
Equity and liabilities
Total equity and liabilities10/49€943,935€749,008€587,234€410,698€137,049▼ 66.6%
Equity10/15-€4.7m-€4.1m-€3.4m-€2.7m-€2.2m▲ 19.6%
Contributions10/11€126,000€126,000€126,000€126,000€126,000=
Capital10-€126,000€126,000€126,000€126,000=
Issued capital100-€126,000€126,000€126,000€126,000=
Profit (loss) carried forward14-€4.8m-€4.2m-€3.5m-€2.8m-€2.3m▲ 18.8%
Amounts payable17/49€5.6m€4.9m€4.0m€3.1m€2.3m▼ 25.8%
Amounts payable after more than one year17€4.7m€4.0m€3.1m€2.3m€1.5m▼ 35.2%
Other amounts payable178/9-€4.0m€3.1m€2.3m€1.5m▼ 35.2%
Amounts payable within one year42/48€933,095€908,779€861,952€832,793€830,710▼ 0.3%
Current portion of amounts payable after more than one year42-€867,736€832,556€800,000€800,000=
Trade debts44€5,961€1,068€1,081€1,158€653▼ 43.7%
Suppliers440/4-€1,068€1,081€1,158€653▼ 43.7%
Taxes, remuneration and social security45-€39,976€28,315€31,634€30,057▼ 5.0%
Taxes450/3-€39,976€28,315€31,634€30,057▼ 5.0%
Accrued charges and deferred income492/3-€765----
Line20212022202320242025Change
Profit (loss) for the period9904-€878,708€569,255€704,249€710,310€530,851▼ 25.3%
Operating cash flow (approximation)-€878,708€569,255€704,249€710,310€530,851▼ 25.3%
Change in cash-€0€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
24-03
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-03
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial Highest result since 2018net €710,310 ▲0.9%
Net result €710,310, the highest in the series.
30-04
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial Back to profitnet €569,255
Net result €569,255 after 3 loss-making years.
14-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial Weakest financial yearnet -€3.8m
Net result drops to -€3.8m, the lowest in the series; recovery starts the following year.
31-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 166 days late
2018
17-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 140 days late
2017
11-04
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Hasselt · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
2,679 m²
Building footprint
478 m²
Volume, LiDAR
3,803 m³
2 parcels, Flanders · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
11 companies at this address See who is registered here
1 establishment unit
Verbrandelei 2, 2160 Wommelgem
NACE 7012001
since 20022.101.718.301
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71328D0855/00B003 Flanders 1,796 m² 1 · 330 m² 14.4 m · 3 fl.
11052C0020/00B002 Flanders 883 m² 1 · 148 m² 7.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. AFFIX ADVISORY 100%
  2. TRIO

Highest known parent: AFFIX ADVISORY. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded07-02-2002
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID 0208:0476864569
Also 9925:BE0476864569
Registered 12-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.