triTEQ
ActiveSummary
triTEQ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €18k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 4354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▼-4
Solvency60▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.7 in 2023; short-term debt: 30.8% and cash: 11.8% of total assets), but 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
35.2%
Return on assets
18%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
24 d late
2021
29 d late
2020
89 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€36k▲ 95.7%
2023 · €18k
2018: €13k
2019: €14k
2020: €15k
2021: €12k
2022: €10k
2023: €18k
2018 → 2024
Total assets
€102k▲ 128%
2023 · €45k
2018: €47k
2019: €38k
2020: €34k
2021: €30k
2022: €23k
2023: €45k
2018 → 2024
Net result
€18k▲ 96.7%
2023 · €9k
2018: €8k
2019: €811
2020: €464
2021: €-3k
2022: €-2k
2023: €9k
2018 → 2024
Working capital
€24k▲ 32.2%
2023 · €18k
2018: €5k
2019: €6k
2020: €6k
2021: €4k
2022: €8k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€15k-€12k▼ 17.7%€10k▼ 17.2%€18k▲ 86.7%€36k▲ 95.7%
Operating result€2k-€-1k€137€14k▲ 10,198%€26k▲ 82.3%
Net result€464-€-3k€-2k▲ 20.3%€9k€18k▲ 96.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 82% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €102k
Fixed assets
€47k ▲ 7,512%
Current assets
€56k ▲ 25.7%
Equity and liabilities €102k
Equity
€36k ▲ 95.7%
Debt
€66k ▲ 151%
Debt's share of the balance-sheet total rises from 58.9% to 64.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2023 · €17k
Cash flow
€28k▲
2023 · €12k
Current ratio
1.76▲
2023 · 1.70
Quick ratio
1.72▲
2023 · 1.64
Debt to equity
1.84▲
2023 · 1.43
ROE
51.2%▲
2023 · 51.0%
ROA
18.0%▼
2023 · 21.0%
Interest coverage
17.44▼
2023 · 46.94
Debt ≤ 1 year
€32k▲
2023 · €26k
Debt > 1 year
€35k
Income taxes
€5k▲
2023 · €4k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€45k€102k▲
Fixed assets21/28€615€47k▲
Tangible fixed assets22/27€615€47k▲
Plant, machinery and equipment23€615€3k▲
Furniture and vehicles24-€43k
Current assets29/58€44k€56k▲
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€40k€42k▲
Trade receivables40€26k€22k▼
Other amounts receivable41€15k€20k▲
Cash at bank and in hand54/58€2k€12k▲
Deferred charges and accrued income490/1€184€184=
Equity and liabilities
Total equity and liabilities10/49€45k€102k▲
Equity10/15€18k€36k▲
Contributions10/11€6k€6k=
Reserves13€12k€30k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€10k€30k▲
Amounts payable17/49€26k€66k▲
Amounts payable after more than one year17-€35k
Financial debts170/4-€35k
Amounts payable within one year42/48€26k€32k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€21k€13k▼
Taxes450/3€21k€13k▼
Other amounts payable47/48€833€833=
Accrued charges and deferred income492/3€384-
Income statement
Code20232024
Non-recurring operating income76A-€19k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€9k▲
Other operating charges640/8€2k€926▼
Gross operating margin9900€18k€36k▲
Operating profit (loss)9901€14k€26k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€354€2k▲
Recurring financial charges65€354€2k▲
Profit (loss) for the period before taxes9903€14k€24k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€9k€18k▲
Profit (loss) for the period to be appropriated9905€9k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€18k▲
Profit (loss) brought forward from the previous period14P€-5k-
Transfer to equity691/2€4k€18k▲
To other reserves6921€4k€18k▲
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €18k ▲96.7%
Operating result €26k, net result €18k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-3k ▼654%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mechelen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Gommarusstraat 412800 MechelenGround area
340 m²
Building footprint
86 m²
Volume, LiDAR
566 m³
Parcel 12402B0207/00W004, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
triTEQ
since 20172.264.626.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0207/00W004 | Flanders | 340 m² | 1 · 86 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BRUSSELS INVESTMENTS GROUP and PARTNERS
BE 0440.180.654
Ukkel · Eq €36,013
MAISON FRERES
BE 0461.441.767
Charleroi · Eq €35,778
Atelier CNC
BE 0640.966.991
Sint-Jans-Molenbeek · Eq €35,761
OFF THE WALL
BE 1010.848.183
Antwerpen · Eq €35,334
Kreps Design
BE 0777.774.308
Gent · Eq €37,613
Of 1,236 companies in sector 74140 we hold annual accounts for 353. 275 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.