TRIVEC SYSTEMS BELGIUM
ActiveTRIVEC SYSTEMS BELGIUM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €409k and a net result of €255k. Equity is shrinking by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 509 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▼-35
Solvency43▲+12
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.06 in 2023; short-term debt: 65.2% and cash: 4.2% of total assets), and 81.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 21% of 509 sector peers (2024).
NBB · sector comparisonPosition among 509 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €409k
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
42 d early
2022
60 d late
2021
8 d late
2020
86 d late
2019
193 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€409k▲ 166%
2023 · €154k
2018: €1.10M
2019: €371k
2020: €267k
2021: €266k
2022: €168k
2023: €154k
2018 → 2024
Total assets
€2.23M▼ 7.4%
2023 · €2.41M
2018: €5.14M
2019: €3.51M
2020: €2.36M
2021: €3.05M
2022: €2.46M
2023: €2.41M
2018 → 2024
Net result
€255k
2023 · €-14k
2018: €-303
2019: €-730k
2020: €-104k
2021: €-1k
2022: €-98k
2023: €-14k
2018 → 2024
Working capital
€572k▲ 416%
2023 · €111k
2018: €-1.09M
2019: €-1.48M
2020: €-374k
2021: €-188k
2022: €-210k
2023: €111k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€267k-€266k▼ 0.5%€168k▼ 36.9%€154k▼ 8.4%€409k▲ 166%
Operating result€211k-€68k▼ 67.9%€-78k€63k€-78k
Net result€-104k-€-1k▲ 98.6%€-98k▼ 6,892%€-14k▲ 85.6%€255k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €78k after €63k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.23M
Fixed assets
€203k▼ 59.5%
Current assets
€2.03M▲ 6.2%
Equity and liabilities €2.23M
Equity
€409k▲ 166%
Provisions
€638▲ 74.3%
Debt
€1.82M▼ 19.3%
The debt ratio falls from 93.6% to 81.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-11k▼
2023 · €201k
Cash flow
€321k▲
2023 · €124k
Solvency
18.3%▲
2023 · 6.4%
Current ratio
1.39▲
2023 · 1.06
Quick ratio
1.20▲
2023 · 0.91
Debt / equity
4.45▼
2023 · 14.64
ROE
62.3%▲
2023 · -9.1%
ROA
11.4%▲
2023 · -0.6%
Interest coverage
-0.18▼
2023 · 7.59
Debt
€1.82M▼
2023 · €2.25M
Debt ≤ 1 year
€1.45M▼
2023 · €1.80M
Debt > 1 year
€51k▼
2023 · €200k
Income taxes
€33k▼
2023 · €58k
Staff costs
€1.39M▲
2023 · €1.33M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.41M€2.23M▼
Fixed assets21/28€501k€203k▼
Intangible fixed assets21€384k€162k▼
Tangible fixed assets22/27€55k€41k▼
Land and buildings22€10k€8k▼
Plant, machinery and equipment23€645€5k▲
Furniture and vehicles24€39k€28k▼
Leasing and similar rights25€6k€0▼
Financial fixed assets28€62k€0▼
Current assets29/58€1.91M€2.03M▲
Stocks and contracts in progress3€268k€280k▲
Stocks30/36€268k€280k▲
Amounts receivable within one year40/41€1.36M€1.55M▲
Trade receivables40€982k€870k▼
Other amounts receivable41€377k€678k▲
Cash at bank and in hand54/58€175k€94k▼
Deferred charges and accrued income490/1€105k€103k▼
Equity and liabilities
Total equity and liabilities10/49€2.41M€2.23M▼
Equity10/15€154k€409k▲
Contributions10/11€901k€901k=
Capital10€901k€901k=
Issued capital100€901k€901k=
Reserves13€200k€200k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€190k€190k=
Profit (loss) carried forward14€-947k€-692k▲
Provisions and deferred taxes16€366€638▲
Provisions for liabilities and charges160/5€366€638▲
Environmental obligations163€366€638▲
Amounts payable17/49€2.25M€1.82M▼
Amounts payable after more than one year17€200k€51k▼
Financial debts170/4€200k€50k▼
Other amounts payable178/9-€899
Amounts payable within one year42/48€1.80M€1.45M▼
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€101k€201k▲
Suppliers440/4€101k€201k▲
Advances received on contracts in progress46€150k€73k▼
Taxes, remuneration and social security45€263k€332k▲
Taxes450/3€123k€160k▲
Remuneration and social security454/9€140k€173k▲
Other amounts payable47/48€1.28M€847k▼
Accrued charges and deferred income492/3€258k€314k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.33M€1.39M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€66k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-25k€12k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€366€272▼
Other operating charges640/8€15k€306k▲
Non-recurring operating charges66A€1k€177k▲
Gross operating margin9900€1.53M€1.88M▲
Operating profit (loss)9901€63k€-78k▼
Financial income75/76B€8k€427k▲
Recurring financial income75€8k€5k▼
Non-recurring financial income76B-€422k
Financial charges65/66B€26k€62k▲
Recurring financial charges65€26k€62k▲
Profit (loss) for the period before taxes9903€44k€287k▲
Income taxes67/77€58k€33k▼
Profit (loss) for the period9904€-14k€255k▲
Profit (loss) for the period to be appropriated9905€-14k€255k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-947k€-692k▲
Profit (loss) brought forward from the previous period14P€-933k€-947k▼
Social balance
Average headcount (FTE)908716.317.4▲
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €255k
Net result €255k after 6 loss-making years.
31-12
Financial
Equity above €200kEq €409k ▲166%
Equity rises from €154k to €409k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 193 days late
2019
31-12
Financial
Weakest financial yearnet €-730k
Net result drops to €-730k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-06-2025
de heer Daniel de Sousa: Resigned as Director
02-06-2025
de mevrouw Chris Laurijssens: Resigned as Director
02-06-2025
GH-M CONSULTING: Resigned as Director
21-03-2025
YELOW: Resigned as Director
01-02-2023
GH-M CONSULTING GCV: Resigned as Director
30-04-2022
Karel Van Loon: Resigned as Director
30-04-2022
Karel Van Loon: Resigned as Managing director
19-08-2021
Mark Lieckens: Resigned as Director
19-08-2021
Mark Lieckens: Resigned as Managing director
07-01-2020
GH-M CONSULTING GCV: Resigned as Director
07-01-2020
Niklas Öhlin: Resigned as Director
29-01-2019
E-CAPITAL EQUITY MANAGEMENT: Resigned as Director
29-01-2019
Van Loon, Karel Jan Maria: Resigned as Director
29-12-2018
Clemente Corsini: Resigned as Director
29-12-2018
E-CAPITAL II: Resigned as Director
17-07-2014
JC. Engineerng: Resigned as Director
26-08-2013
Yves Trouveroy: Resigned as Director
Location & real-estate footprint
Registered office, Turnhout · 2 establishment units since 1988
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.
Slachthuisstraat 1202300 TurnhoutGround area
13.5 ha
Building footprint
2.5 ha
Volume, LiDAR
209,228 m³
2 parcels, Flanders · tallest building 18.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Trivec Systems Belgium
since 19882.039.703.429
Trivec Systems Belgium
since 20022.113.063.044
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0959/00N004 | Flanders | 13.4 ha | 1 · 2.5 ha | 18.2 m · 3 fl. |
| 46445D1589/00G002 | Flanders | 669 m² | 1 · 159 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Grant Thornton Statutory auditor | - → 07-01-2020 |
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,472 EUR awarded · 1,361 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 546 EUR | 171 EUR |
| 2024 | 1 | 1,926 EUR | 1,149 EUR |
| 2023 | 1 | 0 EUR | 41 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
AMB
BE 0425.791.297
Hamme (Vl.) · Eq €420k
BUSINESS MIND.BE
BE 0477.634.136
Tournai · Eq €422k
Vandendriessche Electronics & Engineering
BE 0440.156.009
Kortenberg · Eq €494k
EUROPLAN
BE 0418.964.081
Genk · Eq €292k
BUMICO
BE 0424.469.129
Hove · Eq €661k
Of 30 companies in sector 28230 we hold annual accounts for 27. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-04-2008
Fiscal year end31-12
Activities, NACEBEL
28230Manufacture of machinery and equipment not elsewhere classified
46500Wholesale of information and communication equipment
46660Wholesale trade
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
77330Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.