Equity
-€15,352
Debts exceed assets in financial year 2025.
TRIUM
Lifetime
18 annual accounts with figures on one time axis, 30 filings since 1996peak €2.6m (2024)
€2.1m▼ 19.4%
lowest -€245,338 (2023)
-€102,039▼ €127,344
peak €402,120 (2020)
-€15,352▼ €102,039
€1.6m▲ 15.5%
peak 34.8 FTE (2010)
24.9 FTE▼ 10.4%
Board11 names since 2020
6 directorsAFL Management SRL and 5 others
Owners4 names in the annual accounts
consolidatesLondon Security PLC
Documentsfilings and deeds
15-06-202646 days before the deadline
2025financial year
Gross margin from €2.6m to €2.1mLoss of €102,039Staff from 27.8 FTE to 24.9 FTE5 directors reappointed 11-02Equity from €86,687 to -€15,352Debts from €1.4m to €1.6m
Key points
from the 2025 annual accountsResult
-€102,039 -€102,039
From profit to loss in 2025, after a profit of €25,305 in 2024.
Turnover
≈ €5.7m estimated
The accounts state no turnover.
Debts
€1.6m 101% of the balance sheet
Financial debts 27%Suppliers 30%Taxes and wages 14%Other 29%
Of this, €1.1m falls due within a year.
Staff
25 employees on 31-12-2025
In 2025, 7 people joined and 9 left.
Position in the sector
-€15,352
Less equity than 93% of companies in specialised construction. Sector median €459,359 · 2,457 companies.
Checked score
50
Fair
Financially stronger than 7% of small companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,650 companies (NACE 43, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 2.8%● unchanged vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025highest value
03-2025: 2.8%● unchanged vs 02-2025
04-2025: 2.8%● unchanged vs 03-2025
05-2025: 2.8%● unchanged vs 04-2025
06-2025: 2.7%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%▼ -1.7 percentage points vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026lowest value
07-2026: 2.2%▲ +1.2 percentage points vs 06-2026
08-2026: 2.2%● unchanged vs 07-2026
09-2026: 2.2%● unchanged vs 08-2026
10-2026: 2.2%● unchanged vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€15,352
Loss of €102,039 (financial year 2025)
Sector: Specialised construction activities (NACE 43)
Size: 24.9 FTE, total assets €1.6m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 3% of them on solvency, 15% on liquidity, 9% on profitability and 2% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as TRIUM has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRIUM itself: 2.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,242 companies, not a prediction for TRIUM. 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.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.35 (1.23 in 2024), below the usual 1.5. Short-term debt is 66.3% and cash 7.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€15,352
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 days early
2024
45 days early
2023
50 days early
2022
27 days early
2021
68 days late
2020
18 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AM
AFL Management SRL
Director, Xavier Mignolet
- DC SECURITY 100%score 82equity €879,929 (2025) · 2025 annual accounts of DC SECURITY
- London Security PLC consolidatesannual accounts 2025
Shares in 1 company, SECURITY SERVICE
Board & ownershipRecent changes
5 directors appointed
AFL Management SRL, Richard POLLARD, Martin STRUYF, Frédérique BERTRAND and Philippe LAMBERT · Permanent representative: Xavier Mignolet · General meeting of 19-05-2025 · Gazette deed
Security firm approval (camera systems) granted
Decision of 10-09-2025, published on 20-04-2026
5 directors reappointed
AFL Management SRL, Richard POLLARD, Martin STRUYF, Frédérique BERTRAND and Philippe LAMBERT · Permanent representative: Xavier Mignolet · General meeting of 21-05-2024 · Gazette deed
Appointment: Grant Thornton Bedrijfsrevisoren (statutory auditor)
Permanent representative: Xavier MIGNOLET · General meeting of 19-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRIUM Aarschot | €1.6m | €2.1m | -0.9% | 24.9 |
| GEVAERT GABRIEL ELECTRO Roeselare | €2.1m | €1.9m | 41.2% | 24.2 |
| TSPO Thimister-Clermont | €1.4m | €1.9m | 42.5% | 23.4 |
| BVL Sint-Katelijne-Waver | €1.6m | €2.0m | 27.9% | 22.4 |
| Luco Houthalen-Helchteren | €2.1m | €1.8m | 35.7% | 25.4 |
| Stassen Electricité Aubel | €1.8m | €1.7m | 26.3% | 23.3 |
| ELEKTRIEK Diksmuide | €1.8m | €2.4m | 63.6% | 30.3 |
These companies have the same main activity as TRIUM: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.4m and €2.1m, founded between 1990 and 2001.
Official details
Source: KBO- Status
- Active since 14-11-1995Normal situation
- Activity
- General electrical installation workNACE 43211and 2 others
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.074.081.4173200 Aarschot, since 30-11-1995
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.6m▲ 7.7%
- Employeeson 31-12-2025
- 25▼ 7.4%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on TRIUM
TRIUM has existed since 1995. The gross margin grew from €1.6m in 2008 to €2.1m in 2025.
Solvency fell in 2025 from 5.7% to -0.9% because of the loss and higher debts to suppliers.
DC SECURITY holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRIUM
- What is the company number of TRIUM?
- The company number of TRIUM is 0456.441.814. The VAT number is the same number with BE in front: BE 0456.441.814.
- Where is TRIUM based?
- The registered office is at Herseltsesteenweg 72, 3200 Aarschot.Company details
- What does TRIUM do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of TRIUM?
- TRIUM is a public limited company (NV).
- When was TRIUM founded?
- TRIUM was founded on 14-11-1995.
- Is TRIUM still active?
- Yes, TRIUM is an active enterprise in the KBO register.
- How many employees does TRIUM have?
- TRIUM had an average of 24.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TRIUM fall under?
- In its 2025 annual accounts, TRIUM states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TRIUM?
- The turnover in financial year 2025 is ≈ €5.7m. This figure is estimated from the gross margin of €2.1m and 30 comparable companies (NACE 432). It probably lies between €4.7m and €7.1m.
- Is TRIUM profitable?
- In financial year 2025, TRIUM made a loss of €102,039.
- Where can I find the annual accounts of TRIUM?
- TRIUM filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRIUM due?
- TRIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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