TRIUM
ActiveSummary
TRIUM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86,687 and a net result of €25,305. Equity is shrinking by ~18% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 8% of 7454 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52=
Solvency31▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.34 in 2023; short-term debt: 67.7% and cash: 9.7% of total assets), and 94.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7454 sector peers (2024).
NBB · sector comparisonPosition among 7454 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
50 d early
2022
27 d early
2021
68 d late
2020
18 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 employer in Aarschot, Construction sector
Equity
€86,687▲ 41.2%
2023 · €61,382
Total assets
€1.5m▼ 14.9%
2023 · €1.8m
Net result
€25,305
2023 · -€245,338
Working capital
€240,802▼ 40.6%
2023 · €405,164
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€86,897▲ 22.1%-€138,092€90,988€293,664▲ 223%€60,161▼ 79.5%
Net result€18,832▼ 15.7%-€149,806€54,405-€245,338€25,305
Equity€402,120▲ 4.9%€252,314▼ 37.3%€306,719▲ 21.6%€61,382▼ 80.0%€86,687▲ 41.2%
Total assets€1.8m▲ 12.1%€1.7m▼ 3.8%€2.4m▲ 40.5%€1.8m▼ 26.2%€1.5m▼ 14.9%
Debt€1.4m▲ 13.8%€1.4m▲ 6.1%€2.1m▲ 44.6%€1.7m▼ 18.2%€1.4m▼ 16.8%
Working capital€400,539▲ 33.7%€212,827▼ 46.9%€526,224▲ 147%€405,164▼ 23.0%€240,802▼ 40.6%
Staff (FTE)24.9=24.9=25.5▲ 2.4%25.6▲ 0.4%27.8▲ 8.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Equity -80% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 80% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€248,256 ▲ 47.7%
Current assets
€1.3m ▼ 21.5%
Equity and liabilities €1.5m
Equity
€86,687 ▲ 41.2%
Provisions
€3,350 ▼ 53.6%
Debt
€1.4m ▼ 16.8%
Debt's share of the balance-sheet total falls from 96.1% to 94.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146,120▼
2023 · €351,176
Cash flow
€111,264▲
2023 · -€187,826
Current ratio
1.23▼
2023 · 1.34
Quick ratio
0.92▼
2023 · 1.05
Debt to equity
16.43▼
2023 · 27.89
ROE
29.2%▲
2023 · -399.7%
ROA
1.7%▲
2023 · -13.8%
Interest coverage
3.77▼
2023 · 7.74
Debt ≤ 1 year
€1.0m▼
2023 · €1.2m
Debt > 1 year
€300,000=
2023 · €300,000
Income taxes
€2,903▼
2023 · €85,355
Staff costs
€2.4m▲
2023 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.3%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,214 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €8,418 | €3,068 | - | €15,077 | - |
| Remuneration, social security and pensions62 | - | €1.6m | €1.7m | €2.0m | €2.4m | ▲ 17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,140 | €26,585 | €33,635 | €57,512 | €85,959 | ▲ 49.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€17,565 | -€25,659 | €11,884 | €2,333 | ▼ 80.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€2,254 | -€4,874 | -€4,274 | -€3,864 | ▲ 9.6% |
| Other operating charges640/8 | - | €23,991 | €13,959 | €23,584 | €21,948 | ▼ 6.9% |
| Non-recurring operating charges66A | - | - | - | €0 | €18,351 | - |
| Gross operating margin9900 | €1.8m | €1.5m | €1.8m | €2.4m | €2.6m | ▲ 6.2% |
| Operating profit (loss)9901 | €86,897 | -€138,092 | €90,988 | €293,664 | €60,161 | ▼ 79.5% |
| Financial income75/76B | - | €2,483 | €5,531 | €4,250 | €6,790 | ▲ 59.8% |
| Recurring financial income75 | €286 | €2,483 | €5,531 | €4,250 | €6,790 | ▲ 59.8% |
| Financial charges65/66B | - | €14,197 | €23,167 | €457,896 | €38,744 | ▼ 91.5% |
| Recurring financial charges65 | €17,688 | €14,197 | €23,167 | €45,400 | €38,744 | ▼ 14.7% |
| Non-recurring financial charges66B | - | - | - | €412,496 | - | - |
| Profit (loss) for the period before taxes9903 | €69,494 | -€149,806 | €73,352 | -€159,983 | €28,208 | ▲ 118% |
| Income taxes67/77 | €50,662 | - | €18,947 | €85,355 | €2,903 | ▼ 96.6% |
| Profit (loss) for the period9904 | €18,832 | -€149,806 | €54,405 | -€245,338 | €25,305 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €18,832 | -€149,806 | €54,405 | -€245,338 | €25,305 | ▲ 110% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.7m | €2.4m | €1.8m | €1.5m | ▼ 14.9% |
| Fixed assets21/28 | €67,923 | €104,744 | €574,205 | €168,096 | €248,256 | ▲ 47.7% |
| Intangible fixed assets21 | €55,487 | €43,805 | €32,124 | €20,443 | €25,735 | ▲ 25.9% |
| Tangible fixed assets22/27 | €8,836 | €57,339 | €88,481 | €144,054 | €218,922 | ▲ 52.0% |
| Plant, machinery and equipment23 | - | €4,540 | €6,787 | €10,286 | €12,903 | ▲ 25.4% |
| Furniture and vehicles24 | - | €52,799 | €81,695 | €133,768 | €206,019 | ▲ 54.0% |
| Financial fixed assets28 | €3,600 | €3,600 | €453,600 | €3,600 | €3,600 | = |
| Current assets29/58 | €1.7m | €1.6m | €1.8m | €1.6m | €1.3m | ▼ 21.5% |
| Stocks and contracts in progress3 | €267,704 | €292,476 | €293,116 | €342,848 | €320,944 | ▼ 6.4% |
| Stocks30/36 | - | €292,476 | €293,116 | €342,848 | €320,944 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €925,321 | €966,953 | €996,752 | €1.0m | €772,837 | ▼ 23.6% |
| Trade receivables40 | - | €923,923 | €918,458 | €939,131 | €703,530 | ▼ 25.1% |
| Other amounts receivable41 | - | €43,030 | €78,294 | €72,995 | €69,307 | ▼ 5.1% |
| Cash at bank and in hand54/58 | €520,661 | €347,797 | €533,054 | €226,565 | €146,207 | ▼ 35.5% |
| Deferred charges and accrued income490/1 | - | €4,450 | €14,202 | €30,915 | €26,334 | ▼ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €2.4m | €1.8m | €1.5m | ▼ 14.9% |
| Equity10/15 | €402,120 | €252,314 | €306,719 | €61,382 | €86,687 | ▲ 41.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €340,120 | €340,120 | €340,120 | €340,120 | €16,000 | ▼ 95.3% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €9,800 | €9,800 | €9,800 | €9,800 | = |
| Distributable reserves133 | - | €324,120 | €324,120 | €324,120 | - | - |
| Profit (loss) carried forward14 | - | -€149,806 | -€95,400 | -€340,738 | €8,687 | ▲ 103% |
| Provisions and deferred taxes16 | €18,616 | €16,362 | €11,488 | €7,214 | €3,350 | ▼ 53.6% |
| Provisions for liabilities and charges160/5 | - | €16,362 | €11,488 | €7,214 | €3,350 | ▼ 53.6% |
| Other liabilities and charges164/5 | - | €16,362 | €11,488 | €7,214 | €3,350 | ▼ 53.6% |
| Amounts payable17/49 | €1.4m | €1.4m | €2.1m | €1.7m | €1.4m | ▼ 16.8% |
| Amounts payable after more than one year17 | - | - | €350,000 | €300,000 | €300,000 | = |
| Financial debts170/4 | - | - | €350,000 | €300,000 | €300,000 | = |
| Amounts payable within one year42/48 | €1.3m | €1.4m | €1.3m | €1.2m | €1.0m | ▼ 15.1% |
| Current portion of amounts payable after more than one year42 | - | - | €50,000 | €50,000 | €50,000 | = |
| Financial debts43 | - | €400,000 | €400,000 | €200,000 | €200,000 | = |
| Credit institutions430/8 | - | €400,000 | €400,000 | €200,000 | €200,000 | = |
| Trade debts44 | €601,140 | €511,825 | €522,823 | €528,859 | €389,462 | ▼ 26.4% |
| Suppliers440/4 | - | €511,825 | €522,823 | €528,859 | €389,462 | ▼ 26.4% |
| Advances received on contracts in progress46 | - | €186,546 | €10,352 | €29,874 | €20,903 | ▼ 30.0% |
| Taxes, remuneration and social security45 | - | €300,477 | €327,723 | €398,556 | €365,154 | ▼ 8.4% |
| Taxes450/3 | - | €67,207 | €82,940 | €86,292 | €45,263 | ▼ 47.5% |
| Remuneration and social security454/9 | - | €233,270 | €244,783 | €312,264 | €319,891 | ▲ 2.4% |
| Other amounts payable47/48 | - | - | - | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €48,895 | €432,222 | €204,665 | €99,022 | ▼ 51.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,832 | -€149,806 | €54,405 | -€245,338 | €25,305 | ▲ 110% |
| + Depreciation and write-downs630 | €32,140 | €26,585 | €33,635 | €57,512 | €85,959 | ▲ 49.5% |
| Operating cash flow (approximation) | €50,972 | -€123,221 | €88,041 | -€187,826 | €111,264 | ▲ 159% |
| Investment in fixed assets (approximation) | - | -€63,406 | -€503,096 | €348,596 | -€166,119 | ▼ 148% |
| Change in cash | - | -€172,865 | €185,257 | -€306,489 | -€80,358 | ▲ 73.8% |
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
2026
27-03
State Gazette act
Reappointments: AFL Management SRL, Richard POLLARD and 3 othersPermanent representative: Xavier Mignolet · Mandate compensation8 facts ▸
State Gazette act
Reappointments: AFL Management SRL, Richard POLLARD and 3 others
Permanent representative: Xavier Mignolet · Mandate compensation8 facts ▸
- General meeting, 19/05/2025
- Director reappointment, AFL Management SRL (director)
- Director reappointment, Richard POLLARD (director)
- Director reappointment, Martin STRUYF (director)
- Director reappointment, Frédérique BERTRAND (director)
- Director reappointment, Philippe LAMBERT (director)
- Permanent representative, Xavier Mignolet
- Mandate compensation, TRIUM
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €25,305
Net result €25,305 after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€245,338
Net result drops to -€245,338, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €54,405
Net result €54,405 after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 68 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 184 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26043453). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 5
AFL Management SRL
CurrentDirector · Legal entity · perm. rep.: Xavier Mignolet
Frédérique BERTRAND
CurrentDirector
Martin STRUYF
CurrentDirector
Philippe Lambert
CurrentDirector
Richard POLLARD
CurrentDirector
Permanent representatives 1
Xavier Mignolet
CurrentPermanent representative · for AFL Management SRL
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 1995
Ground area
1,589 m²
Building footprint
306 m²
Volume, LiDAR
2,348 m³
Parcel 24662G0108/00F002, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Herseltsesteenweg 72, 3200 Aarschot
since 19952.074.081.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662G0108/00F002 | Flanders | 1,589 m² | 1 · 306 m² | 12.7 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.
Mandate history
5 people since 2026, 5 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AFL Management SRL |
|
| Frédérique BERTRAND |
|
| Martin STRUYF |
|
| Philippe Lambert |
|
| Richard POLLARD |
|
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- DC SECURITY
- TRIUM
Highest known parent: DC SECURITY. The sources do not say who stands above it.
Owners 1
- DC SECURITYparent100%
Holdings 1
-
100%
According to the 2022 annual accounts of TRIUM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
GXSécurité
via Philippe Lambert · Director
→
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,811 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
Founded14-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456441814
Also
9925:BE0456441814
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.