TRIOTRANS SA
ActiveSummary
For the legal form of TRIOTRANS SA, Checked does not compute a bankruptcy probability. The 2025 annual accounts show negative equity (-€2,400) and a net result of €35,501. Equity is growing by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 7% of 1918 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+50
Solvency5▲+1
Growth78▲+46
Track record94
Credit verdict
No credit on open account
Liquidity short (current ratio 0.83 against 0.29 in 2024; short-term debt: 119.9% and cash: 97.8% of total assets), and equity is negative.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 1918 sector peers (2025).
NBB · sector comparisonPosition among 1918 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
11 d late
2024
28 d late
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€2,400▲ 93.7%
2024 · -€37,901
Total assets
€12,044▼ 93.4%
2024 · €181,250
Net result
€35,501
2024 · -€29,951
Working capital
-€2,400▲ 97.6%
2024 · -€101,056
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€3,292--€25,862▼ 686%€11,212
Net result-€8,364below the sector's middle half--€29,951below the sector's middle half▼ 258%€35,501within the sector's middle half
Equity-€7,950below the sector's middle half--€37,901below the sector's middle half▼ 377%-€2,400below the sector's middle half▲ 93.7%
Total assets€250,345below the sector's middle half-€181,250below the sector's middle half▼ 27.6%€12,044below the sector's middle half▼ 93.4%
Debt€258,294-€219,151▼ 15.2%€14,444▼ 93.4%
Working capital-€88,628below the sector's middle half--€101,056below the sector's middle half▼ 14.0%-€2,400within the sector's middle half▲ 97.6%
Solvency-3.2%below the sector's middle half--20.9%below the sector's middle half▼ 17.7pp-19.9%below the sector's middle half▲ 1.0pp
Current ratio0.37below the sector's middle half-0.29below the sector's middle half▼ 0.080.83below the sector's middle half▲ 0.54
Return on assets (ROA)-3.3%below the sector's middle half--16.5%below the sector's middle half▼ 13.2pp294.8%above the sector's middle half▲ 311.3pp
Staff (FTE)1below the sector's middle half-2below the sector's middle half▲ 100%0.1below the sector's middle half▼ 95.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11,212 after a loss of €25,862 in 2024, the highest result in the available series.
Key figures and ratios
EBITDA
€11,212▼
2024 · €34,986
Cash flow
€35,501▲
2024 · €30,896
Interest coverage
13.92▲
2024 · 8.55
Debt ≤ 1 year
€14,444▼
2024 · €143,332
Debt > 1 year
€0▼
2024 · €75,819
Income taxes
€894▲
2024 · €0
Staff costs
€5,605▼
2024 · €71,364
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €57,356 | €71,364 | €5,605 | ▼ 92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,834 | €60,848 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,022 | €852 | €100 | ▼ 88.3% |
| Gross operating margin9900 | €114,920 | €107,202 | €16,917 | ▼ 84.2% |
| Operating profit (loss)9901 | -€3,292 | -€25,862 | €11,212 | ▲ 143% |
| Financial income75/76B | €0 | - | €25,989 | - |
| Recurring financial income75 | €0 | - | €25,989 | - |
| Non-recurring financial income76B | - | - | €25,989 | - |
| Financial charges65/66B | €4,962 | €4,090 | €806 | ▼ 80.3% |
| Recurring financial charges65 | €4,962 | €4,090 | €806 | ▼ 80.3% |
| Profit (loss) for the period before taxes9903 | -€8,254 | -€29,951 | €36,395 | ▲ 222% |
| Income taxes67/77 | €111 | €0 | €894 | - |
| Profit (loss) for the period9904 | -€8,364 | -€29,951 | €35,501 | ▲ 219% |
| Profit (loss) for the period to be appropriated9905 | -€8,364 | -€29,951 | €35,501 | ▲ 219% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €250,345 | €181,250 | €12,044 | ▼ 93.4% |
| Fixed assets21/28 | €198,265 | €138,974 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €198,130 | €138,839 | €0 | ▼ 100% |
| Furniture and vehicles24 | €10,288 | €8,127 | €0 | ▼ 100% |
| Leasing and similar rights25 | €187,842 | €130,712 | €0 | ▼ 100% |
| Financial fixed assets28 | €135 | €135 | €0 | ▼ 100% |
| Current assets29/58 | €52,080 | €42,276 | €12,044 | ▼ 71.5% |
| Amounts receivable within one year40/41 | €35,681 | €33,881 | €261 | ▼ 99.2% |
| Trade receivables40 | €30,687 | €29,948 | €4 | ▼ 100.0% |
| Other amounts receivable41 | €4,994 | €3,933 | €257 | ▼ 93.5% |
| Cash at bank and in hand54/58 | €9,459 | €8,394 | €11,784 | ▲ 40.4% |
| Deferred charges and accrued income490/1 | €6,939 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €250,345 | €181,250 | €12,044 | ▼ 93.4% |
| Equity10/15 | -€7,950 | -€37,901 | -€2,400 | ▲ 93.7% |
| Reserves13 | €415 | €415 | €415 | = |
| Distributable reserves133 | €415 | €415 | €415 | = |
| Profit (loss) carried forward14 | -€8,364 | -€38,316 | -€2,815 | ▲ 92.7% |
| Amounts payable17/49 | €258,294 | €219,151 | €14,444 | ▼ 93.4% |
| Amounts payable after more than one year17 | €117,586 | €75,819 | €0 | ▼ 100% |
| Financial debts170/4 | €117,586 | €75,819 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €140,708 | €143,332 | €14,444 | ▼ 89.9% |
| Current portion of amounts payable after more than one year42 | €40,692 | €41,767 | €0 | ▼ 100% |
| Trade debts44 | €15,581 | €1,861 | €0 | ▼ 100% |
| Suppliers440/4 | €15,581 | €1,861 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €6,997 | €13,516 | €894 | ▼ 93.4% |
| Taxes450/3 | €3,543 | €4,251 | €894 | ▼ 79.0% |
| Remuneration and social security454/9 | €3,455 | €9,265 | €0 | ▼ 100% |
| Other amounts payable47/48 | €77,438 | €86,188 | €13,550 | ▼ 84.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,364 | -€29,951 | €35,501 | ▲ 219% |
| + Depreciation and write-downs630 | €59,834 | €60,848 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €51,470 | €30,896 | €35,501 | ▲ 14.9% |
| Investment in fixed assets (approximation) | - | -€1,558 | €138,974 | ▲ 9,022% |
| Change in cash | - | -€1,065 | €3,389 | ▲ 418% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Back to profitnet €35,501
Net result €35,501 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€29,951
Net result drops to -€29,951, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wincrange · 1 establishment unit since 2021
Cannot be placed on the map
The registered office is abroad (Luxembourg). The address register our map runs on (BOSA BEST) covers Belgian addresses only.
Om Knupp 189780 WincrangeLuxembourgGround area
7,667 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
TRIOTRANS SA
since 2021unit no. 2.316.477.784
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82034H0844/00E000 | Wallonia | 6,406 m² | - | - |
| 82034H0413/00H000 | Wallonia | 1,261 m² | - | - |
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.
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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 12,573 companies in this sector we hold annual accounts for 8,205. See the whole sector
Company details
Identification
Legal formForeign entity
Founded01-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Not found in the Peppol register
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Register as of 1 October 2026 · Peppol Directory
Branches
1 branchBranch
Scores and ratios are computed by Checked and are not a credit decision.