TRIPLACO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 03-06-2026 PDF all 32 filings
Every figure per financial year
The operating result for 2025 is a loss of €212,878, smaller than the loss of €1.5m in 2024.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 74 | 74 | 72 | 73 | 67 |
| full-time | 62 | 60 | 55 | 61 | 57 |
| part-time | 12 | 14 | 17 | 12 | 10 |
| in full-time equivalents | 71.8 | 71.5 | 68.9 | 70.7 | 65.1 |
| Average over the year, in full-time equivalents | 71 | 72.6 | 68.9 | 74.1 | 68.5 |
| On a permanent contract | 67 | 69 | 71 | 73 | 67 |
| Joined | 9 | 6 | 7 | 22 | 25 |
| Left | 11 | 6 | 9 | 27 | 31 |
| Agency workers, average number | 4.6 | 2.1 | 5.6 | 10.2 | 8.8 |
| Training hours | 5,128 | 5,452 | 457 | 883 | 902 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €178,652 | €126,347 | €49,480 | €2.6m | €103,335 |
| Depreciation and write-downs of the year | €141,782 | €143,823 | €142,878 | €193,254 | €184,996 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is BOES & VERRUE BEDRIJFSREVISOREN.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 |
| Other work by the auditor | - | - | - | €1,250 | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €26,375 awarded · €26,521 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €15,346 | €15,346 |
| 2024 | 1 | €2,163 | €2,163 |
| 2023 | 2 | €2,024 | €2,170 |
| 2022 | 2 | €6,842 | €6,842 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | €23.6m | - | €30.8m | €28.8m | €28.0m | €26.1m | €25.1m | ▼ 3.9% |
| Turnover70 | €19.9m | €23.3m | €24.4m | €30.6m | €28.7m | €27.8m | €25.7m | €24.9m | ▼ 3.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €0.06m | - | €0.03m | -€0.02m | €0.06m | -€0.05m | €0.07m | - |
| Other operating income74 | - | €0.2m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.0% |
| Non-recurring operating income76A | - | €0.02m | - | €0.008m | €0.001m | €0.004m | €0.3m | €0.004m | ▼ 98.7% |
| Operating charges60/66A | - | €22.7m | - | €28.0m | €27.4m | €28.2m | €27.7m | €25.3m | ▼ 8.5% |
| Goods for resale, raw materials and consumables60 | - | €14.1m | - | €18.2m | €16.7m | €16.6m | €15.0m | €13.9m | ▼ 7.3% |
| Purchases600/8 | - | - | - | €19.0m | €16.5m | €16.3m | €15.2m | €14.5m | ▼ 4.9% |
| Change in stocks: decrease (increase)609 | - | -€2.1m | - | -€0.8m | €0.1m | €0.3m | -€0.2m | -€0.6m | ▼ 155% |
| Services and other goods61 | - | €4.7m | - | €5.3m | €5.4m | €6.4m | €7.3m | €6.4m | ▼ 12.1% |
| Remuneration, social security and pensions62 | - | €3.8m | - | €4.3m | €4.3m | €4.8m | €5.1m | €4.8m | ▼ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0.006m | - | - | €0.9m | €0.3m | €0.04m | €0.03m | ▼ 22.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0.001m | - | €0.03m | -€0.04m | -€0.01m | -€0.009m | €0.03m | - |
| Other operating charges640/8 | - | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.04m | €0.01m | ▼ 68.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.01m | - | - |
| Operating profit (loss)9901 | €0.8m | €1.0m | €0.8m | €2.8m | €1.5m | -€0.1m | -€1.5m | -€0.2m | ▲ 86.1% |
| Financial income75/76B | - | - | - | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 3.4% |
| Recurring financial income75 | €0.4m | €0.5m | €0.4m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 3.4% |
| Other financial income752/9 | - | €0.5m | - | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 3.4% |
| Financial charges65/66B | - | €0.3m | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 2.9% |
| Recurring financial charges65 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 2.9% |
| Debt charges650 | €0.06m | €0.08m | €0.06m | €0.05m | €0.03m | €0.005m | €0.02m | €0.05m | ▲ 137% |
| Other financial charges652/9 | - | €0.2m | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 22.0% |
| Profit (loss) for the period before taxes9903 | €1.0m | €1.2m | €0.9m | €3.0m | €1.7m | €0.1m | -€1.3m | €0.05m | - |
| Income taxes67/77 | €0.2m | €0.2m | €0.2m | €0.7m | €0.4m | €0.04m | €0.006m | €0.005m | ▼ 9.7% |
| Taxes670/3 | - | €0.2m | - | €0.7m | €0.4m | €0.04m | €0.006m | €0.005m | ▼ 11.3% |
| Tax adjustments and reversals of tax provisions77 | - | €0.002m | - | €0.002m | €172 | - | €99 | - | - |
| Profit (loss) for the period9904 | €0.8m | €0.9m | €0.8m | €2.3m | €1.3m | €0.1m | -€1.3m | €0.04m | - |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.9m | €0.8m | €2.3m | €1.3m | €0.1m | -€1.3m | €0.04m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.6m | €11.1m | €10.0m | €10.8m | €10.1m | €9.3m | €9.8m | €10.6m | ▲ 8.5% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | €0.5m | €0.4m | ▼ 16.0% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | €0.5m | €0.4m | ▼ 16.0% |
| Plant, machinery and equipment23 | - | €0.1m | - | €0.06m | €0.05m | €0.04m | €0.06m | €0.05m | ▼ 11.6% |
| Furniture and vehicles24 | - | €0.2m | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 23.3% |
| Leasing and similar rights25 | - | - | - | - | - | - | €0.03m | €0.05m | ▲ 86.3% |
| Financial fixed assets28 | €390 | €0.001m | €390 | €255 | €255 | €255 | €255 | €255 | = |
| Other financial fixed assets284/8 | - | €0.001m | - | €255 | €255 | €255 | €255 | €255 | = |
| Amounts receivable and cash guarantees285/8 | - | €0.001m | - | €255 | €255 | €255 | €255 | €255 | = |
| Current assets29/58 | €8.3m | €10.9m | €9.6m | €10.4m | €9.7m | €9.0m | €9.3m | €10.2m | ▲ 9.9% |
| Stocks and contracts in progress3 | €4.9m | €7.1m | €6.5m | €7.3m | €6.3m | €5.8m | €6.3m | €6.9m | ▲ 9.9% |
| Stocks30/36 | - | €7.1m | - | €7.3m | €6.3m | €5.8m | €6.3m | €6.9m | ▲ 9.9% |
| Raw materials and consumables30/31 | - | €0.3m | - | €0.3m | €0.2m | €0.6m | €0.7m | €0.9m | ▲ 35.6% |
| Finished goods33 | - | €0.2m | - | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 28.7% |
| Goods purchased for resale34 | - | €6.5m | - | €6.8m | €5.9m | €5.0m | €5.4m | €5.7m | ▲ 5.9% |
| Amounts receivable within one year40/41 | €2.3m | €3.7m | €2.9m | €2.9m | €3.0m | €3.1m | €2.9m | €3.2m | ▲ 9.0% |
| Trade receivables40 | - | €3.6m | - | €2.8m | €2.8m | €2.8m | €2.7m | €3.1m | ▲ 15.6% |
| Other amounts receivable41 | - | €0.1m | - | €0.08m | €0.2m | €0.3m | €0.2m | €0.06m | ▼ 72.3% |
| Cash at bank and in hand54/58 | €1.1m | €0.04m | €0.2m | €0.2m | €0.4m | €0.1m | €0.03m | €0.05m | ▲ 96.5% |
| Deferred charges and accrued income490/1 | - | €0.02m | - | €0.01m | €0.02m | €0.02m | €0.007m | €0.01m | ▲ 58.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.6m | €11.1m | €10.0m | €10.8m | €10.1m | €9.3m | €9.8m | €10.6m | ▲ 8.5% |
| Equity10/15 | €4.5m | €5.8m | €5.8m | €6.8m | €6.8m | €6.8m | €6.6m | €6.6m | ▲ 0.7% |
| Contributions10/11 | €2.5m | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | €4.1m | €4.1m | = |
| Capital10 | - | €3.7m | - | €3.7m | €3.7m | €3.7m | €4.1m | €4.1m | = |
| Issued capital100 | - | €3.7m | - | €3.7m | €3.7m | €3.7m | €4.1m | €4.1m | = |
| Reserves13 | €2.0m | €2.1m | €2.1m | €3.1m | €3.1m | €3.1m | €3.7m | €3.7m | = |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | €0.4m | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Tax-exempt reserves132 | - | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Distributable reserves133 | - | €1.2m | - | €2.2m | €2.2m | €2.2m | €2.8m | €2.8m | = |
| Profit (loss) carried forward14 | - | €0.004m | - | - | - | - | -€1.3m | -€1.2m | ▲ 3.4% |
| Provisions and deferred taxes16 | €0.07m | €0.09m | €0.04m | €0.07m | €0.03m | €0.02m | €0.01m | €0.04m | ▲ 291% |
| Provisions for liabilities and charges160/5 | - | €0.09m | - | €0.07m | €0.03m | €0.02m | €0.01m | €0.04m | ▲ 291% |
| Pensions and similar obligations160 | - | €0.09m | - | €0.07m | €0.03m | €0.02m | €0.01m | €0.04m | ▲ 291% |
| Amounts payable17/49 | €4.0m | €5.2m | €4.1m | €3.9m | €3.3m | €2.5m | €3.2m | €3.9m | ▲ 24.0% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €0.02m | €0.03m | ▲ 81.0% |
| Financial debts170/4 | - | - | - | - | - | - | €0.02m | €0.03m | ▲ 81.0% |
| Leasing and similar obligations172 | - | - | - | - | - | - | €0.02m | €0.03m | ▲ 81.0% |
| Amounts payable within one year42/48 | €4.0m | €5.2m | €4.1m | €3.9m | €3.2m | €2.5m | €3.2m | €3.9m | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.009m | €0.02m | ▲ 106% |
| Financial debts43 | - | - | - | - | - | - | - | €0.3m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.3m | - |
| Trade debts44 | €0.5m | €1.1m | €0.6m | €0.8m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 0.3% |
| Suppliers440/4 | - | €1.1m | - | €0.8m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 0.3% |
| Advances received on contracts in progress46 | - | - | - | €0.03m | €0.003m | €0.05m | - | €0.06m | - |
| Taxes, remuneration and social security45 | - | €0.8m | - | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 0.5% |
| Taxes450/3 | - | €0.3m | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | ▲ 20.0% |
| Remuneration and social security454/9 | - | €0.5m | - | €0.5m | €0.6m | €0.6m | €0.5m | €0.5m | ▼ 9.5% |
| Other amounts payable47/48 | - | €3.3m | - | €2.3m | €1.3m | €0.1m | €1.0m | €1.4m | ▲ 45.0% |
| Accrued charges and deferred income492/3 | - | €0.02m | - | €0.001m | €0.02m | €61 | €0.002m | €0.002m | ▲ 3.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.8m | €0.9m | €0.8m | €2.3m | €1.3m | €0.1m | -€1.3m | €0.04m | - |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 4.3% |
| Operating cash flow (approximation) | €0.9m | €1.0m | €0.9m | €2.5m | €1.5m | €0.2m | -€1.1m | €0.2m | - |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.2m | -€0.2m | -€0.1m | -€0.05m | -€0.4m | -€0.1m | ▲ 74.7% |
| Change in cash | - | -€1.0m | €0.2m | -€0.06m | €0.2m | -€0.2m | -€0.1m | €0.03m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,887 companies had the same profile as TRIPLACO has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of TRIPLACO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,887 companies, not a prediction for TRIPLACO. 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.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-06-2026 | 2026-00135159 | |
| 31-12-2024 | full format | 26-06-2025 | 2025-00190575 | |
| 31-12-2023 | full format | 05-06-2024 | 2024-00111273 | |
| 31-12-2022 | full format | 02-06-2023 | 2023-00103974 | |
| 31-12-2021 | full format | 10-06-2022 | 2022-20056255 | |
| 31-12-2020 | full format | 10-06-2021 | 2021-18700317 | |
| 31-12-2019 | full format | 18-06-2020 | 2020-18000074 | |
| 31-12-2018 | full format | 12-06-2019 | 2019-18000104 | |
| 31-12-2017 | full format | 07-06-2018 | 2018-16800233 | |
| 31-12-2016 | full format | 08-06-2017 | 2017-15600468 |