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TRIPLACO

Active
Public limited companyfounded 1994active for 31 yearsGeneraal Deprezstraat 2, 8530 Harelbeke, BelgiumKBO/BCE: BE 0454.072.143

Financials · financial year 2025, full format

Annual accounts 2025 filed on 03-06-2026 PDF all 32 filings

Turnover
€24.9m▼ 3.2%
2024 · €25.7m
EBIT margin
-0.9%▲ 5.1pp
2024 · -6.0%
Net result
€43,102
2024 · -€1.3m
Working capital
€6.3m▲ 2.7%
2024 · €6.1m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€24.9m
▼ 3.2% 2025
20182025
Operating result
-€212,878
▲ 86.1% 2025
20182025
Net result
€43,102
2025
middle half of the sector
20182025
EBIT margin
-0.9%
▲ 5.1pp 2025
20182025
Equity
€6.6m
▲ 0.7% 2025
highest quarter of the sector
20182025
Total assets
€10.6m
▲ 8.5% 2025
highest quarter of the sector
20182025
Debt
€3.9m
▲ 24.0% 2025
20182025
Working capital
€6.3m
▲ 2.7% 2025
highest quarter of the sector
20182025
Solvency
62.5%
▼ 4.9pp 2025
middle half of the sector
20182025
Current ratio
2.60
▼ 0.33 2025
middle half of the sector
20182025
Return on assets (ROA)
0.4%
▲ 13.3pp 2025
middle half of the sector
20182025
Staff (FTE)
68.5
▼ 7.6% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€19.9m-€23.3m▲ 17.4%€24.4m▲ 4.8%€30.6m▲ 25.3%€28.7m▼ 6.2%€27.8m▼ 3.2%€25.7m▼ 7.4%€24.9m▼ 3.2%
Operating result€0.8m-€1.0m▲ 13.1%€0.8m▼ 17.5%€2.8m▲ 250%€1.5m▼ 47.4%-€0.1m-€1.5m▼ 966%-€0.2m▲ 86.1%
Net result€0.8m-€0.9m▲ 16.2%€0.8mabove the sector's middle half▼ 14.7%€2.3mabove the sector's middle half▲ 202%€1.3mabove the sector's middle half▼ 42.7%€0.1mwithin the sector's middle half▼ 92.3%-€1.3mbelow the sector's middle half€0.04mwithin the sector's middle half
EBIT margin4.3%-4.1%▼ 0.2pp3.2%▼ 0.9pp9.0%▲ 5.8pp5.1%▼ 4.0pp-0.5%▼ 5.6pp-6.0%▼ 5.4pp-0.9%▲ 5.1pp
Equity€4.5m-€5.8m▲ 30.8%€5.8mabove the sector's middle half▼ 0.1%€6.8mabove the sector's middle half▲ 16.7%€6.8mabove the sector's middle half=€6.8mabove the sector's middle half=€6.6mabove the sector's middle half▼ 3.1%€6.6mabove the sector's middle half▲ 0.7%
Total assets€8.6m-€11.1m▲ 30.3%€10.0mabove the sector's middle half▼ 10.7%€10.8mabove the sector's middle half▲ 8.6%€10.1mabove the sector's middle half▼ 6.5%€9.3mwithin the sector's middle half▼ 7.7%€9.8mwithin the sector's middle half▲ 5.0%€10.6mabove the sector's middle half▲ 8.5%
Debt€4.0m-€5.2m▲ 29.8%€4.1m▼ 21.9%€3.9m▼ 3.6%€3.3m▼ 17.0%€2.5m▼ 23.5%€3.2m▲ 27.4%€3.9m▲ 24.0%
Working capital€4.2m-€5.7m▲ 33.3%€5.5mabove the sector's middle half▼ 2.7%€6.5mabove the sector's middle half▲ 17.6%€6.5mabove the sector's middle half▲ 0.1%€6.5mabove the sector's middle half▲ 0.9%€6.1mabove the sector's middle half▼ 6.4%€6.3mabove the sector's middle half▲ 2.7%
Solvency52.1%-52.3%▲ 0.2pp58.6%above the sector's middle half▲ 6.2pp63.0%above the sector's middle half▲ 4.4pp67.4%above the sector's middle half▲ 4.4pp73.0%above the sector's middle half▲ 5.6pp67.4%above the sector's middle half▼ 5.6pp62.5%within the sector's middle half▼ 4.9pp
Current ratio2.05-2.08▲ 0.032.35within the sector's middle half▲ 0.262.64above the sector's middle half▲ 0.303.00above the sector's middle half▲ 0.353.61above the sector's middle half▲ 0.622.93above the sector's middle half▼ 0.682.60within the sector's middle half▼ 0.33
Return on assets (ROA)9.2%-8.2%▼ 1.0pp7.8%within the sector's middle half▼ 0.4pp21.7%above the sector's middle half▲ 13.9pp13.3%within the sector's middle half▼ 8.4pp1.1%within the sector's middle half▼ 12.2pp-12.9%below the sector's middle half▼ 14.0pp0.4%within the sector's middle half▲ 13.3pp
Staff (FTE)69.4-66▼ 4.9%71.6above the sector's middle half▲ 8.5%71above the sector's middle half▼ 0.8%72.6above the sector's middle half▲ 2.3%68.9above the sector's middle half▼ 5.1%74.1above the sector's middle half▲ 7.5%68.5above the sector's middle half▼ 7.6%
above within below The sector band is the middle half of the companies in Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €212,878, smaller than the loss of €1.5m in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.6m
Fixed assets €429,720 ▼ 16.0%
Current assets €10.2m ▲ 9.9%
Equity and liabilities €10.6m
Equity €6.6m ▲ 0.7%
Provisions €38,133 ▲ 291%
Debt €3.9m ▲ 24.0%
Debt's share of the balance-sheet total rises from 32.5% to 37.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€27,882▲
2024 · -€1.3m
Cash flow
€228,098▲
2024 · -€1.1m
Quick ratio
0.83▼
2024 · 0.94
Debt to equity
0.59▲
2024 · 0.48
ROE
0.6%▲
2024 · -19.1%
Interest coverage
-0.57▲
2024 · -64.88
Debt ≤ 1 year
€3.9m▲
2024 · €3.2m
Debt > 1 year
€29,412▲
2024 · €16,250
Income taxes
€5,019▼
2024 · €5,557
Customer credit
46 days▲
2024 · 38 days
Supplier credit
39 days▲
2024 · 36 days
Staff costs
€4.8m▼
2024 · €5.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date7474727367
full-time6260556157
part-time1214171210
in full-time equivalents71.871.568.970.765.1
Average over the year, in full-time equivalents7172.668.974.168.5
On a permanent contract6769717367
Joined9672225
Left11692731
Agency workers, average number4.62.15.610.28.8
Training hours5,1285,452457883902

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
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

fees

The auditor is BOES & VERRUE BEDRIJFSREVISOREN.

Item20212022202320242025
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 AwardedPaid
2025 2 €15,346€15,346
2024 1 €2,163€2,163
2023 2 €2,024€2,170
2022 2 €6,842€6,842
Schemes
4 entries · €13,893 · €14,039 paid · Fonds voor Innoveren en Ondernemen
3 entries · €12,482 · €12,482 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet Code20242025
Assets
Total assets20/58€9.8m€10.6m▲
Fixed assets21/28€0.5m€0.4m▼
Tangible fixed assets22/27€0.5m€0.4m▼
Plant, machinery and equipment23€0.06m€0.05m▼
Furniture and vehicles24€0.4m€0.3m▼
Leasing and similar rights25€0.03m€0.05m▲
Financial fixed assets28€255€255=
Other financial fixed assets284/8€255€255=
Amounts receivable and cash guarantees285/8€255€255=
Current assets29/58€9.3m€10.2m▲
Stocks and contracts in progress3€6.3m€6.9m▲
Stocks30/36€6.3m€6.9m▲
Raw materials and consumables30/31€0.7m€0.9m▲
Finished goods33€0.2m€0.3m▲
Goods purchased for resale34€5.4m€5.7m▲
Amounts receivable within one year40/41€2.9m€3.2m▲
Trade receivables40€2.7m€3.1m▲
Other amounts receivable41€0.2m€0.06m▼
Cash at bank and in hand54/58€0.03m€0.05m▲
Deferred charges and accrued income490/1€0.007m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€9.8m€10.6m▲
Equity10/15€6.6m€6.6m▲
Contributions10/11€4.1m€4.1m=
Capital10€4.1m€4.1m=
Issued capital100€4.1m€4.1m=
Reserves13€3.7m€3.7m=
Non-distributable reserves130/1€0.4m€0.4m=
Legal reserve130€0.4m€0.4m=
Tax-exempt reserves132€0.5m€0.5m=
Distributable reserves133€2.8m€2.8m=
Profit (loss) carried forward14-€1.3m-€1.2m▲
Provisions and deferred taxes16€0.01m€0.04m▲
Provisions for liabilities and charges160/5€0.01m€0.04m▲
Pensions and similar obligations160€0.01m€0.04m▲
Amounts payable17/49€3.2m€3.9m▲
Amounts payable after more than one year17€0.02m€0.03m▲
Financial debts170/4€0.02m€0.03m▲
Leasing and similar obligations172€0.02m€0.03m▲
Amounts payable within one year42/48€3.2m€3.9m▲
Current portion of amounts payable after more than one year42€0.009m€0.02m▲
Financial debts43-€0.3m
Credit institutions430/8-€0.3m
Trade debts44€1.5m€1.5m▲
Suppliers440/4€1.5m€1.5m▲
Advances received on contracts in progress46-€0.06m
Taxes, remuneration and social security45€0.7m€0.7m▼
Taxes450/3€0.2m€0.3m▲
Remuneration and social security454/9€0.5m€0.5m▼
Other amounts payable47/48€1.0m€1.4m▲
Accrued charges and deferred income492/3€0.002m€0.002m▲
Income statement Code20242025
Operating income70/76A€26.1m€25.1m▼
Turnover70€25.7m€24.9m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€0.05m€0.07m▲
Other operating income74€0.1m€0.1m▼
Non-recurring operating income76A€0.3m€0.004m▼
Operating charges60/66A€27.7m€25.3m▼
Goods for resale, raw materials and consumables60€15.0m€13.9m▼
Purchases600/8€15.2m€14.5m▼
Change in stocks: decrease (increase)609-€0.2m-€0.6m▼
Services and other goods61€7.3m€6.4m▼
Remuneration, social security and pensions62€5.1m€4.8m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.04m€0.03m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.009m€0.03m▲
Other operating charges640/8€0.04m€0.01m▼
Non-recurring operating charges66A€0.01m-
Operating profit (loss)9901-€1.5m-€0.2m▲
Financial income75/76B€0.4m€0.4m▼
Recurring financial income75€0.4m€0.4m▼
Other financial income752/9€0.4m€0.4m▼
Financial charges65/66B€0.1m€0.1m▲
Recurring financial charges65€0.1m€0.1m▲
Debt charges650€0.02m€0.05m▲
Other financial charges652/9€0.1m€0.09m▼
Profit (loss) for the period before taxes9903-€1.3m€0.05m▲
Income taxes67/77€0.006m€0.005m▼
Taxes670/3€0.006m€0.005m▼
Tax adjustments and reversals of tax provisions77€99-
Profit (loss) for the period9904-€1.3m€0.04m▲
Profit (loss) for the period to be appropriated9905-€1.3m€0.04m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.3m-€1.2m▲
Profit (loss) brought forward from the previous period14P--€1.3m
Social balance sheet
Average headcount (FTE)908774.168.5▼

The notes to these accounts have 61 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 03-06-2026.

Line20182019202020212022202320242025Change
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-
Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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.

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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
97.9% was still going
2.0% stopped otherwise
0.1% went bankrupt

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 PDF
31-12-2024 full format 26-06-2025 2025-00190575 PDF
31-12-2023 full format 05-06-2024 2024-00111273 PDF
31-12-2022 full format 02-06-2023 2023-00103974 PDF
31-12-2021 full format 10-06-2022 2022-20056255 PDF
31-12-2020 full format 10-06-2021 2021-18700317 PDF
31-12-2019 full format 18-06-2020 2020-18000074 PDF
31-12-2018 full format 12-06-2019 2019-18000104 PDF
31-12-2017 full format 07-06-2018 2018-16800233 PDF
31-12-2016 full format 08-06-2017 2017-15600468 PDF

Show all 32 filings

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