TRIVAN
ActiveSummary
TRIVAN has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €491,213 and a net result of €90,461. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 76% of 38,983 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, micro format
Equity
€491,213▲ 8.4%
2024 · €453,220
Total assets
€621,869▲ 1.2%
2024 · €614,267
Net result
€90,461▼ 22.8%
2024 · €117,180
Working capital
€45,845▲ 26.1%
2024 · €36,355
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 15% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€95,079
2025
Net result€90,461
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€621,869
2025
Equity€491,213
2025
Debt€130,656
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€45,845
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.44
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€53,722-€41,443▼ 22.9%€39,262▼ 5.3%€35,735▼ 9.0%€105,615▲ 196%€109,431▲ 3.6%€112,202▲ 2.5%€95,079▼ 15.3%
Net result€61,763-€43,172▼ 30.1%€50,802within the sector's middle half▲ 17.7%€48,046within the sector's middle half▼ 5.4%€109,856above the sector's middle half▲ 129%€113,191above the sector's middle half▲ 3.0%€117,180above the sector's middle half▲ 3.5%€90,461above the sector's middle half▼ 22.8%
Equity€161,327-€198,362▲ 23.0%€240,720above the sector's middle half▲ 21.4%€288,766above the sector's middle half▲ 20.0%€329,450above the sector's middle half▲ 14.1%€380,878above the sector's middle half▲ 15.6%€453,220above the sector's middle half▲ 19.0%€491,213above the sector's middle half▲ 8.4%
Total assets€524,407-€509,190▼ 2.9%€506,168within the sector's middle half▼ 0.6%€529,981above the sector's middle half▲ 4.7%€589,671above the sector's middle half▲ 11.3%€605,952above the sector's middle half▲ 2.8%€614,267above the sector's middle half▲ 1.4%€621,869above the sector's middle half▲ 1.2%
Debt€363,080-€310,828▼ 14.4%€265,448▼ 14.6%€241,215▼ 9.1%€260,221▲ 7.9%€225,074▼ 13.5%€161,047▼ 28.4%€130,656▼ 18.9%
Working capital€11,073-€9,610▼ 13.2%€13,622within the sector's middle half▲ 41.7%€2,695within the sector's middle half▼ 80.2%€3,083within the sector's middle half▲ 14.4%€18,080within the sector's middle half▲ 486%€36,355within the sector's middle half▲ 101%€45,845within the sector's middle half▲ 26.1%
Solvency30.8%-39.0%▲ 8.2pp47.6%within the sector's middle half▲ 8.6pp54.5%within the sector's middle half▲ 6.9pp55.9%within the sector's middle half▲ 1.4pp62.9%within the sector's middle half▲ 7.0pp73.8%within the sector's middle half▲ 10.9pp79.0%above the sector's middle half▲ 5.2pp
Current ratio1.18-1.16▼ 0.011.23within the sector's middle half▲ 0.071.04within the sector's middle half▼ 0.201.02below the sector's middle half▼ 0.021.12within the sector's middle half▲ 0.101.33within the sector's middle half▲ 0.211.44within the sector's middle half▲ 0.11
Return on assets (ROA)11.8%-8.5%▼ 3.3pp10.0%within the sector's middle half▲ 1.6pp9.1%within the sector's middle half▼ 1.0pp18.6%within the sector's middle half▲ 9.6pp18.7%within the sector's middle half=19.1%within the sector's middle half▲ 0.4pp14.5%within the sector's middle half▼ 4.5pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €621,869
Fixed assets
€470,799 ▲ 0.8%
Current assets
€151,070 ▲ 2.5%
Equity and liabilities €621,869
Equity
€491,213 ▲ 8.4%
Debt
€130,656 ▼ 18.9%
Debt's share of the balance-sheet total falls from 26.2% to 21.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105,707▼
2024 · €124,772
Cash flow
€101,089▼
2024 · €129,750
Debt to equity
0.27▼
2024 · 0.36
ROE
18.4%▼
2024 · 25.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€105,225▼
2024 · €111,049
Debt > 1 year
€24,572▼
2024 · €48,780
Income taxes
€35,370▼
2024 · €42,807
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,360 | €11,577 | €11,777 | €11,369 | €12,389 | €8,437 | €12,570 | €10,628 | ▼ 15.4% |
| Other operating charges640/8 | - | - | - | €6,999 | €1,056 | €1,211 | €2,974 | €1,532 | ▼ 48.5% |
| Gross operating margin9900 | €66,001 | €53,927 | €51,867 | €54,103 | €119,060 | €119,079 | €127,746 | €107,239 | ▼ 16.1% |
| Operating profit (loss)9901 | €53,722 | €41,443 | €39,262 | €35,735 | €105,615 | €109,431 | €112,202 | €95,079 | ▼ 15.3% |
| Financial income75/76B | - | - | - | €30,344 | €45,575 | €46,675 | €48,996 | €31,650 | ▼ 35.4% |
| Recurring financial income75 | €30,103 | €30,683 | €30,382 | €30,344 | €45,575 | €46,675 | €48,996 | €31,650 | ▼ 35.4% |
| Financial charges65/66B | - | - | - | €3,327 | €2,848 | €1,899 | €1,211 | €898 | ▼ 25.8% |
| Recurring financial charges65 | €5,046 | €4,394 | €3,740 | €3,327 | €2,848 | €1,899 | €1,211 | €898 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €78,779 | €67,732 | €65,904 | €62,752 | €148,342 | €154,207 | €159,987 | €125,831 | ▼ 21.3% |
| Income taxes67/77 | €17,016 | €24,560 | €15,102 | €14,706 | €38,486 | €41,016 | €42,807 | €35,370 | ▼ 17.4% |
| Profit (loss) for the period9904 | €61,763 | €43,172 | €50,802 | €48,046 | €109,856 | €113,191 | €117,180 | €90,461 | ▼ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €61,763 | €43,172 | €50,802 | €48,046 | €109,856 | €113,191 | €117,180 | €90,461 | ▼ 22.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €524,407 | €509,190 | €506,168 | €529,981 | €589,671 | €605,952 | €614,267 | €621,869 | ▲ 1.2% |
| Fixed assets21/28 | €450,621 | €440,129 | €434,331 | €458,088 | €445,699 | €437,262 | €466,863 | €470,799 | ▲ 0.8% |
| Tangible fixed assets22/27 | €30,621 | €20,129 | €14,331 | €38,088 | €25,699 | €17,262 | €46,863 | €50,799 | ▲ 8.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €1,500 | - |
| Furniture and vehicles24 | - | - | - | €38,088 | €25,699 | €17,262 | €46,863 | €49,299 | ▲ 5.2% |
| Financial fixed assets28 | €420,000 | €420,000 | €420,000 | €420,000 | €420,000 | €420,000 | €420,000 | €420,000 | = |
| Current assets29/58 | €73,786 | €69,061 | €71,837 | €71,893 | €143,972 | €168,690 | €147,404 | €151,070 | ▲ 2.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €20,000 | - | - | - | - |
| Other amounts receivable291 | - | - | - | - | €20,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €34,531 | €21,706 | €22,633 | €25,921 | €24,238 | €17,499 | €15,879 | €20,819 | ▲ 31.1% |
| Trade receivables40 | - | - | - | €15,921 | €16,738 | €17,499 | €15,879 | €16,319 | ▲ 2.8% |
| Other amounts receivable41 | - | - | - | €10,000 | €7,500 | - | - | €4,500 | - |
| Current investments50/53 | - | - | - | - | - | €100,000 | €100,000 | - | - |
| Cash at bank and in hand54/58 | €39,255 | €47,355 | €49,204 | €45,972 | €99,734 | €51,191 | €31,525 | €130,251 | ▲ 313% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €524,407 | €509,190 | €506,168 | €529,981 | €589,671 | €605,952 | €614,267 | €621,869 | ▲ 1.2% |
| Equity10/15 | €161,327 | €198,362 | €240,720 | €288,766 | €329,450 | €380,878 | €453,220 | €491,213 | ▲ 8.4% |
| Contributions10/11 | €7,700 | €7,700 | - | €7,700 | €7,700 | €7,700 | €7,700 | €7,700 | = |
| Reserves13 | €140,460 | €179,095 | €223,053 | €271,099 | €313,383 | €366,411 | €440,420 | €480,078 | ▲ 9.0% |
| Non-distributable reserves130/1 | - | - | - | €1,203 | €1,203 | €1,203 | €1,203 | €1,203 | = |
| Reserves not available under the articles1311 | - | - | - | €1,203 | €1,203 | €1,203 | €1,203 | €1,203 | = |
| Tax-exempt reserves132 | - | - | - | €141 | €141 | €141 | €141 | €141 | = |
| Distributable reserves133 | - | - | - | €269,755 | €312,039 | €365,067 | €439,076 | €478,734 | ▲ 9.0% |
| Profit (loss) carried forward14 | €13,167 | €11,567 | €9,967 | €9,967 | €8,367 | €6,767 | €5,100 | €3,435 | ▼ 32.6% |
| Amounts payable17/49 | €363,080 | €310,828 | €265,448 | €241,215 | €260,221 | €225,074 | €161,047 | €130,656 | ▼ 18.9% |
| Amounts payable after more than one year17 | €295,580 | €247,166 | €203,603 | €168,978 | €116,892 | €72,631 | €48,780 | €24,572 | ▼ 49.6% |
| Financial debts170/4 | - | - | - | €168,978 | €116,892 | €72,631 | €48,780 | €24,572 | ▼ 49.6% |
| Amounts payable within one year42/48 | €62,713 | €59,451 | €58,215 | €69,198 | €140,889 | €150,610 | €111,049 | €105,225 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €49,699 | €43,655 | €44,262 | €23,851 | €24,209 | ▲ 1.5% |
| Trade debts44 | €1,935 | €545 | €1,253 | €3,525 | €4,507 | €482 | €363 | €2,848 | ▲ 685% |
| Suppliers440/4 | - | - | - | €3,525 | €4,507 | €482 | €363 | €2,848 | ▲ 685% |
| Taxes, remuneration and social security45 | - | - | - | €15,150 | €22,437 | €28,314 | €44,020 | €28,047 | ▼ 36.3% |
| Taxes450/3 | - | - | - | €15,150 | €22,437 | €28,314 | €44,020 | €28,047 | ▼ 36.3% |
| Other amounts payable47/48 | - | - | - | €824 | €70,290 | €77,552 | €42,815 | €50,121 | ▲ 17.1% |
| Accrued charges and deferred income492/3 | - | - | - | €3,039 | €2,440 | €1,833 | €1,218 | €859 | ▼ 29.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,763 | €43,172 | €50,802 | €48,046 | €109,856 | €113,191 | €117,180 | €90,461 | ▼ 22.8% |
| + Depreciation and write-downs630 | €11,360 | €11,577 | €11,777 | €11,369 | €12,389 | €8,437 | €12,570 | €10,628 | ▼ 15.4% |
| Operating cash flow (approximation) | €73,123 | €54,749 | €62,579 | €59,415 | €122,245 | €121,628 | €129,750 | €101,089 | ▼ 22.1% |
| Investment in fixed assets (approximation) | - | -€1,085 | -€5,979 | -€35,126 | €0 | €0 | -€42,171 | -€14,564 | ▲ 65.5% |
| Change in cash | - | €8,100 | €1,849 | -€3,232 | €53,762 | -€48,543 | -€19,666 | €98,726 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00182669 |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00217135 |
| 31-12-2023 | micro format | 30-06-2024 | 2024-00184044 |
| 31-12-2022 | micro format | 21-07-2023 | 2023-00260068 |
| 31-12-2021 | micro format | 13-08-2022 | 2022-20286816 |
| 31-12-2020 | micro format | 09-06-2021 | 2021-18200298 |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35000572 |
| 31-12-2018 | micro format | 04-07-2019 | 2019-28000286 |
| 31-12-2017 | micro format | 19-07-2018 | 2018-34400516 |
| 31-12-2016 | micro format | 01-07-2017 | 2017-28500302 |
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Of the 82,290 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,878. 35,262 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.