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Trivec Systems Europe

Active
Public limited companyfounded 2018active for 7 yearsSlachthuisstraat 120, 2300 Turnhout, Belgium11 active companies are registered at this addressKBO/BCE: BE 0718.633.408
Summary

The computed 12-month bankruptcy probability of Trivec Systems Europe is 3.9% (moderate). The 2024 annual accounts show negative equity (-€1.4m) and a net result of -€171,573. Equity is shrinking by about 74% per year across the filed financial years. Its solvency ranks better than 9% of 135 sector peers (NACE 26, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of computer, electronic and optical products
NACE 26200Wholesale of information and communication equipment NACE 46500
1 site
Size
€2.6mtotal assets 2024
Staff
9.2 FTE
Equity
-€1.4m
Loss
-€171,573
Turnover not published (abbreviated format)
Financial health
47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.9%
Structure
Parent
T&V Holding
Auditor: BDO Bedrijfsrevisoren CVBAAccounts 84 days overdue5 of 11 deeds read
Why 47raises riskFigures for financial year 2024 (filed 30-07-2025)Size: 9.2 FTE, total assets €2.6mLiquidity: current ratio 0.28, cash €74,370lowers riskSector: Manufacture of computer, electronic and optical products (NACE 26)Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 21% of its sector peers (NACE 26, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -55.3% of total assets
Liquidity 4+2
short-term debt 154.5% · cash 2.9%
Profitability 60+10
return on assets -6.6%
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (447 companies, NACE 26, micro)
Last 24 months 11-2024: 1.7% 12-2024: 1.9%▲ +0.2 percentage points vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 2.0%▲ +0.1 percentage points vs 01-2025 03-2025: 1.9%▼ -0.1 percentage points vs 02-2025 04-2025: 2.4%▲ +0.5 percentage points vs 03-2025 05-2025: 2.5%▲ +0.1 percentage points vs 04-2025 06-2025: 2.6%▲ +0.1 percentage points vs 05-2025 07-2025: 2.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.7%▼ -1.0 percentage point vs 07-2025lowest value 09-2025: 1.7%● unchanged vs 08-2025lowest value 10-2025: 1.7%● unchanged vs 09-2025 11-2025: 1.7%● unchanged vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.9%▲ +0.2 percentage points vs 02-2026 04-2026: 1.9%● unchanged vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 2.0%▲ +0.1 percentage points vs 05-2026 07-2026: 2.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.5%▲ +0.4 percentage points vs 07-2026 09-2026: 2.9%▲ +0.4 percentage points vs 08-2026 10-2026: 3.9%▲ +1.0 percentage point vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.28, compared with 0.29 in 2023, below 1; short-term debt: 154.5% and cash: 2.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 26, micro): better than 7% on solvency, 6% on liquidity, 43% on profitability and 28% on growth.

The bankruptcy probability was computed on 22-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Sector: Manufacture of computer, electronic and optical products (NACE 26)
KBO
raises risk · Figures for financial year 2024 (filed 30-07-2025)
NBB · annual accounts
raises risk · Size: 9.2 FTE, total assets €2.6m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.28, cash €74,370
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.4m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 84 days later.
NBB · 7 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline23-10-2026 today
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 · 7 filings
Deviation from the deadline
2025
not filed
2024
1 day early
2023
42 days early
2022
60 days late
2021
8 days late
2020
86 days late
2019
189 days late
← 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 50 days after the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: BDO Bedrijfsrevisoren CVBA (statutory auditor)Permanent representative: Hennie Herijgers
  2. Resignations & appointmentsPower of attorney
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€1.4m View
  • Risk: 6 loss-making years in a rowloss financial year 2024 -€171,573 View
  • Caution: Among the weakest 5% on equitysector median €447,187 · 135 companies -€1.4m View
  • Caution: Accounts not fileddeadline was 31-07-2026 84 days late View
  • Positive: Result rose in 2024from -€529,732 to -€171,573 ▲ 67.6% View
  • Controlled by T&V Holding parent View

By topic

Financials

Financial year
2024
Total assets
€2.6m
Loss
-€171,573
Solvency
-55.3%
Total assets▲ 11.4%
Net result
20182024
Go to Financials

Board & ownership

Board
3 members
Parent
T&V Holding
Auditor
BDO Bedrijfsrevisoren CVBA
  • Carolina HållnerDirector
  • Gunter HermansDirector
  • Mats FermDirector
Go to Board & ownership

Timeline

Events
13
Since
2019
  1. 25-06-2025Resignations: Chris Laurijssens (director) and GH-M Consulting…
  2. 12-06-2025Appointment: GH-M Consulting CommV (managing director)
  3. 19-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of computer, electronic and optical productsNACE 26200
Founded
28-12-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
16
Purpose
“De ontwikkeling,productie,assemblage,beheer,onderhoud,verkoop en verhuur van…” (deed in Dutch)
Go to Articles of association

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