TRITECS
ActiveSummary
TRITECS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €390k and a net result of €24k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 61% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency70▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.06 in 2024; short-term debt: 15.8% and cash: 0.7% of total assets), and 54.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.2%
Return on assets
2.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €390k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
35 d early
2023
22 d late
2022
62 d early
2021
19 d early
2020
76 d late
2019
111 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€390k▲ 6.2%
2024 · €368k
2018: €335k
2019: €339k▲ +1.0% vs 2018
2020: €333k▼ -1.6% vs 2019lowest in 8 years
2021: €339k▲ +1.8% vs 2020
2022: €340k▲ +0.1% vs 2021
2023: €347k▲ +2.3% vs 2022
2024: €368k▲ +5.8% vs 2023
2025: €390k▲ +6.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€864k▼ 3.1%
2024 · €892k
2018: €926k
2019: €919k▼ -0.7% vs 2018
2020: €898k▼ -2.3% vs 2019
2021: €860k▼ -4.1% vs 2020lowest in 8 years
2022: €950k▲ +10.4% vs 2021highest in 8 years
2023: €919k▼ -3.2% vs 2022
2024: €892k▼ -3.0% vs 2023
2025: €864k▼ -3.1% vs 2024
2018 → 2025
Net result
€24k▲ 11.3%
2024 · €21k
2018: €14k
2019: €3k▼ -75.2% vs 2018
2020: €-5k▼ -261% vs 2019lowest in 8 years
2021: €6k▲ +213% vs 2020
2022: €998▼ -83.8% vs 2021
2023: €9k▲ +768% vs 2022
2024: €21k▲ +144% vs 2023
2025: €24k▲ +11.3% vs 2024highest in 8 years
2018 → 2025
Working capital
€-126k▲ 7.8%
2024 · €-137k
2018: €-93khighest in 8 years
2019: €-138k▼ -49.4% vs 2018
2020: €-120k▲ +13.3% vs 2019
2021: €-114k▲ +4.6% vs 2020
2022: €-161k▼ -41.2% vs 2021lowest in 8 years
2023: €-137k▲ +15.1% vs 2022
2024: €-137k▲ +0.3% vs 2023
2025: €-126k▲ +7.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€339k-€340k▲ 0.1%€347k▲ 2.3%€368k▲ 5.8%€390k▲ 6.2%
2021: €339klowest in 5 years
2022: €340k▲ +0.1% vs 2021
2023: €347k▲ +2.3% vs 2022
2024: €368k▲ +5.8% vs 2023
2025: €390k▲ +6.2% vs 2024highest in 5 years
Operating result€17k-€13k▼ 26.4%€22k▲ 72.7%€40k▲ 80.9%€42k▲ 5.1%
2021: €17k
2022: €13k▼ -26.4% vs 2021lowest in 5 years
2023: €22k▲ +72.7% vs 2022
2024: €40k▲ +80.9% vs 2023
2025: €42k▲ +5.1% vs 2024highest in 5 years
Net result€6k-€998▼ 83.8%€9k▲ 768%€21k▲ 144%€24k▲ 11.3%
2021: €6k
2022: €998▼ -83.8% vs 2021lowest in 5 years
2023: €9k▲ +768% vs 2022
2024: €21k▲ +144% vs 2023
2025: €24k▲ +11.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €864k
Fixed assets
€854k ▼ 3.4%
Current assets
€10k ▲ 26.4%
Equity and liabilities €864k
Equity
€390k ▲ 6.2%
Debt
€474k ▼ 9.7%
Debt's share of the balance-sheet total falls from 58.8% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▲
2024 · €70k
Cash flow
€54k▲
2024 · €51k
Current ratio
0.08▲
2024 · 0.06
Debt to equity
1.21▼
2024 · 1.43
ROE
6.0%▲
2024 · 5.7%
ROA
2.7%▲
2024 · 2.4%
Interest coverage
7.14▲
2024 · 6.27
Debt ≤ 1 year
€136k▼
2024 · €145k
Debt > 1 year
€337k▼
2024 · €380k
Income taxes
€9k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€892k€864k▼
Fixed assets21/28€884k€854k▼
Tangible fixed assets22/27€884k€854k▼
Other tangible fixed assets26€768k€738k▼
Assets under construction and advance payments27€116k€116k=
Current assets29/58€8k€10k▲
Cash at bank and in hand54/58€5k€6k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€892k€864k▼
Equity10/15€368k€390k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€300k€322k▲
Amounts payable17/49€524k€474k▼
Amounts payable after more than one year17€380k€337k▼
Financial debts170/4€380k€337k▼
Amounts payable within one year42/48€145k€136k▼
Current portion of amounts payable after more than one year42€41k€42k▲
Trade debts44€475-
Suppliers440/4€475-
Taxes, remuneration and social security45€11k€19k▲
Taxes450/3€11k€19k▲
Other amounts payable47/48€92k€75k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k▲
Other operating charges640/8€10k€8k▼
Gross operating margin9900€80k€81k▲
Operating profit (loss)9901€40k€42k▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€29k€32k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€21k€24k▲
Profit (loss) for the period to be appropriated9905€21k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€300k€323k▲
Profit (loss) brought forward from the previous period14P€279k€300k▲
Profit to be distributed694/7€859€833▼
Return on contributions (dividend)694€859€833▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €31k | €30k | €30k | €30k | ▲ 2.2% |
| Other operating charges640/8 | €7k | €7k | €7k | €10k | €8k | ▼ 14.1% |
| Gross operating margin9900 | €54k | €50k | €60k | €80k | €81k | ▲ 1.7% |
| Operating profit (loss)9901 | €17k | €13k | €22k | €40k | €42k | ▲ 5.1% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €11k | €12k | €13k | €11k | €10k | ▼ 8.8% |
| Recurring financial charges65 | €11k | €12k | €13k | €11k | €10k | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €6k | €998 | €10k | €29k | €32k | ▲ 10.3% |
| Income taxes67/77 | - | - | €1k | €8k | €9k | ▲ 7.8% |
| Profit (loss) for the period9904 | €6k | €998 | €9k | €21k | €24k | ▲ 11.3% |
| Profit (loss) for the period to be appropriated9905 | €6k | €998 | €9k | €21k | €24k | ▲ 11.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €860k | €950k | €919k | €892k | €864k | ▼ 3.1% |
| Fixed assets21/28 | €854k | €926k | €905k | €884k | €854k | ▼ 3.4% |
| Tangible fixed assets22/27 | €854k | €926k | €905k | €884k | €854k | ▼ 3.4% |
| Other tangible fixed assets26 | €854k | €824k | €796k | €768k | €738k | ▼ 3.9% |
| Assets under construction and advance payments27 | - | €102k | €110k | €116k | €116k | = |
| Current assets29/58 | €6k | €24k | €14k | €8k | €10k | ▲ 26.4% |
| Amounts receivable within one year40/41 | - | €2k | €425 | - | - | - |
| Trade receivables40 | - | €2k | - | - | - | - |
| Other amounts receivable41 | - | €284 | €425 | - | - | - |
| Cash at bank and in hand54/58 | €2k | €20k | €10k | €5k | €6k | ▲ 15.2% |
| Deferred charges and accrued income490/1 | €4k | €1k | €4k | €3k | €4k | ▲ 48.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €860k | €950k | €919k | €892k | €864k | ▼ 3.1% |
| Equity10/15 | €339k | €340k | €347k | €368k | €390k | ▲ 6.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €271k | €271k | €279k | €300k | €322k | ▲ 7.6% |
| Amounts payable17/49 | €521k | €610k | €572k | €524k | €474k | ▼ 9.7% |
| Amounts payable after more than one year17 | €401k | €425k | €421k | €380k | €337k | ▼ 11.1% |
| Financial debts170/4 | €401k | €425k | €421k | €380k | €337k | ▼ 11.1% |
| Amounts payable within one year42/48 | €120k | €185k | €151k | €145k | €136k | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | €31k | €31k | €40k | €41k | €42k | ▲ 2.4% |
| Trade debts44 | €111 | €49k | €2k | €475 | - | - |
| Suppliers440/4 | €111 | €49k | €2k | €475 | - | - |
| Advances received on contracts in progress46 | - | €545 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €215 | €3k | €11k | €19k | ▲ 71.0% |
| Taxes450/3 | - | €215 | €3k | €11k | €19k | ▲ 71.0% |
| Other amounts payable47/48 | €89k | €105k | €106k | €92k | €75k | ▼ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €998 | €9k | €21k | €24k | ▲ 11.3% |
| + Depreciation and write-downs630 | €30k | €31k | €30k | €30k | €30k | ▲ 2.2% |
| Operating cash flow (approximation) | €36k | €32k | €39k | €51k | €54k | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €-102k | €-10k | €-8k | €0 | ▲ 100% |
| Change in cash | - | €18k | €-11k | €-4k | €832 | ▲ 120% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Highest result since 2018net €24k ▲11.3%
Operating result €42k, net result €24k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 76 days late
2020
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brugge · 1 establishment unit since 2002
Ground area
156 m²
Building footprint
122 m²
Volume, LiDAR
954 m³
Parcel 31027D0274/00K002, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Gistelse Steenweg 287, 8200 Brugge
since 20022.112.539.046
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0274/00K002 | Flanders | 156 m² | 1 · 122 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.