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Complete company report
Generated 20-08-2026
Active BE 0863.995.034Non-profit association

TRX

Noordersingel 28 ·2140 Antwerpen, Belgium· 22 yrs active
Sector: Gespecialiseerde beeld-, verlichtings- en geluidstechnieken (90393)
Conclusion Checked

The computed 12-month bankruptcy probability of TRX is < 0.1% (very low). The 2025 annual accounts show equity of €978k and a net result of €-106k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 221 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €978k
Net result €-106k
Staff (FTE) 20.6
Better than sector 47%
Financial profile 5 of 5 axes measured · computed by Checked
Health53Profitability0Solvency67Growth52Stability100
54 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 53
Profitability 0
Solvency 67
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
< 0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
53 / 100 Fair
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 24-04-2026 with the NBB · fiscal year 2025 · verkort
€-200k€0€200k€400kOperating result 2021: €-98k€-98kNet result 2021: €-112k€-112kOperating result 2022: €10k€10kNet result 2022: €-12k€-12kOperating result 2023: €34k€34kNet result 2023: €9k€9kOperating result 2024: €462k€462kNet result 2024: €433k€433kOperating result 2025: €-82k€-82kNet result 2025: €-106k€-106k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~10.3%/year over 8 fiscal years, indicative, assuming unchanged policy.
€0€500k€1.00M€1.50M2026: €995k (€830k - €1.16M)2027: €1.10M (€835k - €1.36M)2028: €1.21M (€850k - €1.57M)2018: €455k2019: €497k2020: €628k2021: €503k2022: €483k2023: €538k2024: €1.10M2025: €978k20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 90 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 39.6% 45.0%
better than 47% of 221 sector peers
Net result €-106k €9k
better than 5% of 221 sector peers
Equity €978k €39k
better than 95% of 221 sector peers
Gross operating margin €1.64M €22k
better than 95% of 220 sector peers
Staff costs €1.54M €60k
higher than 95% of 56 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€46k
-91.9% 18-25
Net profit
€-106k
- 18-25
Cash flow
€22k
-96.0% 18-25
Total assets
€2.47M
+8.4% 18-25
Equity
€978k
-11.4% 18-25
Working capital
€369k
-40.0% 18-25
Employees (FTE)
21
-3.3% 18-25
Staff costs
€1.54M
+9.9% 18-25
Show 10 other metrics
Debt
€1.49M
+26.9% 18-25
Debt ≤ 1y
€1.44M
+26.5% 18-25
Debt > 1y
€6k
- 18-25
Current ratio
1.26
-18.4% 18-25
Quick ratio
1.19
-20.2% 18-25
Solvency
39.6%
-18.2% 18-25
Debt / equity
1.52
+43.3% 18-25
ROE
-10.9%
- 18-25
ROA
-4.3%
- 18-25
Interest coverage
1.83
-90.4% 18-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€46k
Net profit€-106k
Cash flow€22k
Staff costs€1.54M
Income taxes-
Dividends-
Total assets€2.47M
Equity€978k
Debt€1.49M
of which ≤ 1y€1.44M
of which > 1y-
Working capital€369k
Employees (FTE)20.6
Ratios (computed)
2025
Current ratio1.26
Quick ratio1.19
Working capital ratio14.9%
Solvency39.6%
Debt / equity1.52
Long-term debt ratio-
Interest coverage1.83
Gross margin-
Net margin-
ROA-4.3%
ROE-10.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.47M
Fixed assets 21/28€656k
Intangible fixed assets 21€43k
Tangible fixed assets 22/27€609k
Financial fixed assets 28€4k
Current assets 29/58€1.81M
Stocks & contracts in progress 3€94k
Amounts receivable within one year 40/41€214k
Cash & bank 54/58€1.39M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.47M
Equity 10/15€978k
Reserves 13€801k
Amounts payable 17/49€1.49M
Amounts payable within one year 42/48€1.44M
Trade debts payable within one year 44€280k
Income statement
Gross operating margin 9900€1.64M
Operating result 9901€-82k
Financial income 75€616
Financial charges 65€25k
Result before taxes 9903€-106k
Net result for the period 9904€-106k
Result to be appropriated 9905€-106k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 14 directors
Directors derived from a single State Gazette act, under verification
All 5 current directors first appear in the same act (24102866). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Kasper Stuart
    Director
    State Gazette act 24102866 (08-07-2024)
    Current
    08-07-2024 → present
  • Leander Coorevits
    Daily management
    State Gazette act 24102866 (08-07-2024)
    Current
    08-07-2024 → present
  • Margot Hermans
    Director
    State Gazette act 24102866 (08-07-2024)
    Current
    08-07-2024 → present
  • Tessa Joris
    Director
    State Gazette act 24102866 (08-07-2024)
    Current
    08-07-2024 → present
  • Youniss Ahamad
    Vice-chair
    State Gazette act 24102866 (08-07-2024)
    Current
    08-07-2024 → present
Former directors (9)
  • Ann Kerremans
    Chair
    State Gazette act 24102866 (08-07-2024)
    Former
    - → 08-07-2024
  • Dieter Sermeus
    Daily management
    State Gazette act 24102866 (08-07-2024)
    Former
    - → 08-07-2024
  • Katrien Goosens
    Director
    State Gazette act 24102866 (08-07-2024)
    Former
    - → 08-07-2024
  • Kenneth Stocklet
    Director
    State Gazette act 24102866 (08-07-2024)
    Former
    - → 08-07-2024
  • Luc Roegiers
    Vice-chair
    State Gazette act 24102866 (08-07-2024)
    Former
    - → 08-07-2024
4 further former directors in the mandate history. Available in Kantoor S. See plans →
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Gespecialiseerde beeld-, verlichtings- en geluidstechnieken(90393)
Legal form Non-profit association(017)
Incorporation11-03-2004
StatusActive
Postal code2140
Establishment units 1 location
TRX
Noordersingel 28, 2140 AntwerpenOverige ondersteunende activiteiten voor de uitvoerende kunsten
since 20072.159.325.116
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11312A0070/00B005 Flanders 7,266 m² 1 · 4,647 m² 15.9 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
24-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
25-04-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
08-07-2024
State Gazette act Director changes
12-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
03-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
03-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
28-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
29-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
20-05-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
30-03-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
18-04-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgian State Gazette reading coverage 0 of 10 acts read

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
08-07-2024 5 directors appointed, 9 resigning Director changes
  • Kasper Stuart, Bestuurder
  • Margot Hermans, Bestuurder
  • Tessa Joris, Bestuurder
  • Youniss Ahamad, Ondervoorzitter
  • Leander Coorevits, Dagelijks bestuur
  • Pieter Jan Symons, Bestuurder
  • Katrien Goosens, Bestuurder
  • Ann Kerremans, Voorzitter
Technical details 
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  "notary": {
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  "act_meta": {
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    "pub_date": "2024-07-08",
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}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken90393Overige verenigingen, neg94999
Primary activity highlighted.
Names & trade names
Legal nameNL TRX
Registered office
Noordersingel 28
2140 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative