Result
-€184,015 ▼ 298%
The result fell in 2023 from -€46,213 to -€184,015.
TRYGEM
Overview
Lifetime
9 annual accounts with figures on one time axisGross marginpeak €400,459 (2020)
€158,809▼ 43.8%
Resultlowest -€184,015 (2023)
-€184,015▼ €137,802
Equitypeak €777,687 (2020)
€406,138▼ 31.2%
Debts
€584,636▲ 29.1%
Staffpeak 11.8 FTE (2020)
11.5 FTE▼ 2.5%
Board1 name since 2020
1 directorHERODOT BV
Owners2 names in the annual accounts
100%HERODOT
Documentsfilings and deeds
05-06-202456 days before the deadline
2023abbreviated format
Gross margin from €282,550 to €158,809Loss of €184,015Equity from €590,153 to €406,138Debts from €453,014 to €584,636Investments €28,393
Key points
from the 2023 annual accounts, the last ones filedInvestments
€28,393 4.2 × depreciation
Green is investment, beige is depreciation. Machinery stands 75.3% higher than in 2022.
Staff
7 employees on 31-12-2023
In 2023, 14 people joined and 17 left.
No score
Recent changes
Dissolution with immediate closure of the liquidation
Dissolved and wound up in a single deed · Books and records kept in Schoten (5 years) · General meeting of 19-12-2024 · Gazette deed
Listed in the Peppol Directory
Deed on capital and restructuring
Capital €66,697, annual accounts 2019 · Gazette deed
Incorporation
7 publications in the Belgian Official Gazette, the last on 15-01-2025 · Gazette deed
Official details
Source: KBO- Status
- Dissolved and wound updeed of 15-01-2025
- Activity
- No activity registered in the KBO
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Annual accounts 2023
- Gross margin
- €158,809▼ 43.8%
- Turnover
- ≈ €400,000estimated
- Loss
- €184,015▲ 298%
- Equity
- €406,138▼ 31.2%
- Total assets
- €990,774▼ 5.0%
- Employeeson 31-12-2023
- 7▼ 30.0%
- Filing
- Filed on 05-06-2024
Insights on TRYGEM
Inactive. The last annual accounts are for financial year 2023. The company was dissolved and wound up in a single deed. The books and records are kept for 5 years in Schoten.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2023
abbreviated format, filed on 05-06-2024, 56 days before the deadlineGross margin
€158,809
▼ 43.8%
Operating result
-€185,567
▼ €140,363
Loss
-€184,015
▼ €137,802
Working capital
€377,838
▼ 34.9%
Solvency
41.0%
▼ 15.6 percentage points
Current ratio
1.65
▼ 0.63
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €400,000. Estimated: probably between €250,000 and €760,000.
Balance sheet
balance sheet total €990,774 on 31-12-2023What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Staff
Staff cost per FTE€28,720
Staff costs divided by the average number of full-time equivalents.
Joined and left-3
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
Total assets20/58 |
990,774 | 1.0m | 1.1m | 1.1m | 903,056 | 13,563 | 11,320 | 11,770 | 12,793 | |
Fixed assets21/28 |
30,987 | 9,369 | 17,853 | 28,722 | 23,454 | - | - | - | - | |
Intangible fixed assets21 |
16,866 | - | - | 2,823 | 6,030 | - | - | - | - | |
Tangible fixed assets22/27 |
14,121 | 9,369 | 17,853 | 25,900 | 17,424 | - | - | - | - | |
Plant, machinery and equipment23 |
13,330 | 7,605 | 11,047 | 15,484 | 3,398 | - | - | - | - | |
Furniture and vehicles24 |
- | - | 4,070 | 6,708 | 9,345 | - | - | - | - | |
Other tangible fixed assets26 |
791 | 1,763 | 2,736 | 3,708 | 4,681 | - | - | - | - | |
Current assets29/58 |
959,787 | 1.0m | 1.0m | 1.1m | 879,602 | 13,563 | 11,320 | 11,770 | 12,793 | |
Stocks and contracts in progress3 |
830,179 | 888,769 | 814,488 | 739,898 | 709,617 | - | - | - | - | |
Stocks30/36 |
830,179 | 888,769 | 814,488 | 739,898 | 709,617 | - | - | - | - | |
Amounts receivable within one year40/41 |
66,482 | 81,090 | 67,606 | 145,393 | 148,669 | 5,420 | 6,020 | 3,259 | 1,167 | |
Trade receivables40 |
47,533 | 48,545 | 43,143 | 45,448 | 49,002 | 4,719 | 4,719 | 1,997 | - | |
Other amounts receivable41 |
18,949 | 32,546 | 24,463 | 99,944 | 99,667 | 701 | 1,301 | 1,262 | 1,167 | |
Current investments50/53 |
- | - | 86,650 | 105,000 | - | - | - | - | - | |
Cash at bank and in hand54/58 |
54,887 | 56,431 | 72,012 | 71,647 | 14,786 | 8,143 | 5,299 | 8,511 | 11,626 | |
Deferred charges and accrued income490/1 |
8,238 | 7,509 | 6,923 | 6,998 | 6,530 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
Total equity and liabilities10/49 |
990,774 | 1.0m | 1.1m | 1.1m | 903,056 | 13,563 | 11,320 | 11,770 | 12,793 | |
Equity10/15 |
406,138 | 590,153 | 636,366 | 777,687 | 683,914 | 13,563 | 11,320 | 11,770 | 12,793 | |
Contributions10/11 |
66,697 | 66,697 | 66,697 | 66,697 | - | 18,600 | 18,600 | 18,600 | 18,600 | |
Capital10 |
- | - | - | - | 66,697 | - | - | - | - | |
Issued capital100 |
- | - | - | - | 66,697 | 18,600 | 18,600 | 18,600 | 18,600 | |
Reserves13 |
339,441 | 523,456 | 569,668 | 710,989 | 617,217 | - | - | - | - | |
Legal reserve130 |
- | - | - | - | 6,670 | - | - | - | - | |
Tax-exempt reserves132 |
- | - | - | 51,688 | 75,747 | - | - | - | - | |
Distributable reserves133 |
339,441 | 523,456 | 569,668 | 659,301 | 534,800 | - | - | - | - | |
Profit (loss) carried forward14 |
- | - | - | - | - | -5,037 | -7,280 | -6,830 | -5,807 | |
Provisions and deferred taxes16 |
- | - | - | 9,350 | - | - | - | - | - | |
Provisions for liabilities and charges160/5 |
- | - | - | 9,350 | - | - | - | - | - | |
Other liabilities and charges164/5 |
- | - | - | 9,350 | - | - | - | - | - | |
Amounts payable17/49 |
584,636 | 453,014 | 429,166 | 310,622 | 219,142 | - | - | - | - | |
Amounts payable within one year42/48 |
581,949 | 453,014 | 415,547 | 310,622 | 219,142 | - | - | - | - | |
Financial debts43 |
235 | - | 88 | - | 16 | - | - | - | - | |
Credit institutions430/8 |
235 | - | 88 | - | 16 | - | - | - | - | |
Trade debts44 |
208,469 | 260,661 | 242,708 | 240,892 | 196,627 | - | - | - | - | |
Suppliers440/4 |
208,469 | 260,661 | 242,708 | 240,892 | 196,627 | - | - | - | - | |
Advances received on contracts in progress46 |
1,070 | 1,048 | 3,445 | - | - | - | - | - | - | |
Taxes, remuneration and social security45 |
58,829 | 58,306 | 64,095 | 62,797 | 21,470 | - | - | - | - | |
Taxes450/3 |
13,513 | 21,420 | 21,247 | 24,299 | 7,514 | - | - | - | - | |
Remuneration and social security454/9 |
45,315 | 36,887 | 42,849 | 38,497 | 13,956 | - | - | - | - | |
Other amounts payable47/48 |
313,346 | 132,999 | 105,211 | 6,933 | 1,029 | - | - | - | - | |
Accrued charges and deferred income492/3 |
2,687 | - | 13,619 | - | - | - | - | - | - | |
| Income statement | ||||||||||
Gross operating margin9900 |
158,809 | 282,550 | 319,685 | 400,459 | 268,402 | 2,840 | -152 | -467 | -5,436 | |
Remuneration, social security and pensions62 |
330,275 | 305,547 | 321,460 | 298,505 | 275,535 | - | - | - | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
6,775 | 4,414 | 10,870 | 11,941 | 9,619 | - | - | - | - | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
4,831 | 15,138 | 44,079 | -29,929 | -6,209 | - | - | - | - | |
Provisions for liabilities and charges: additions (uses and reversals)635/8 |
- | - | -9,350 | 9,350 | - | - | - | - | - | |
Other operating charges640/8 |
2,495 | 2,655 | 2,280 | 925 | 2,296 | 573 | 274 | 532 | 366 | |
Operating profit (loss)9901 |
-185,567 | -45,204 | -49,654 | 109,667 | -12,839 | 2,267 | -426 | -999 | -5,802 | |
Financial income75/76B |
11,570 | 11,828 | 13,189 | 16,273 | 12,275 | - | - | - | 3 | |
Recurring financial income75 |
11,570 | 11,828 | 13,189 | 16,273 | 12,275 | - | - | - | 3 | |
Financial charges65/66B |
9,993 | 12,696 | 4,788 | 2,338 | 650 | 24 | 24 | 24 | 7 | |
Recurring financial charges65 |
9,993 | 12,696 | 4,788 | 2,338 | 650 | 24 | 24 | 24 | 7 | |
Profit (loss) for the period before taxes9903 |
-183,990 | -46,073 | -41,253 | 123,602 | -1,214 | 2,243 | -450 | -1,023 | -5,806 | |
Income taxes67/77 |
25 | 140 | 5,068 | 29,830 | 799 | - | - | - | 1 | |
Profit (loss) for the period9904 |
-184,015 | -46,213 | -46,321 | 93,772 | -2,013 | 2,243 | -450 | -1,023 | -5,807 | |
Transfer from tax-exempt reserves789 |
- | - | 51,688 | 24,059 | 34,885 | - | - | - | - | |
Profit (loss) for the period to be appropriated9905 |
-184,015 | -46,213 | 5,367 | 117,831 | 32,872 | 2,243 | -450 | -1,023 | -5,807 | |
| Appropriation of the result | ||||||||||
Profit (loss) to be appropriated9906 |
-184,015 | -46,213 | 5,367 | 117,831 | 32,196 | -5,037 | -7,280 | -6,830 | -5,807 | |
Profit (loss) brought forward from the previous period14P |
- | - | - | - | -676 | - | - | - | - | |
Transfer from equity791/2 |
184,015 | 46,213 | 95,000 | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | 5,367 | 117,831 | 32,196 | - | - | - | - | |
To the legal reserve6920 |
- | - | - | - | 1,860 | - | - | - | - | |
To other reserves6921 |
- | - | 5,367 | 117,831 | 30,336 | - | - | - | - | |
Profit to be distributed694/7 |
- | - | 95,000 | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
- | - | 95,000 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||
Average staff (FTE)9087 |
11.5 | 11.8 | 10.8 | 11.8 | 4.6 | - | - | - | - | |
Hours worked1013 |
13,159 | 12,804 | 13,345 | 12,957 | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 05-06-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 05-06-2024 | 2024-00110039 | |
| 31-12-2022 | abbreviated format | 12-06-2023 | 2023-00122208 | |
| 31-12-2021 | abbreviated format | 12-07-2022 | 2022-20173817 | |
| 31-12-2020 | abbreviated format | 09-07-2021 | 2021-33400481 | |
| 31-12-2019 | abbreviated format | 03-06-2020 | 2020-14500269 | |
| 31-12-2018 | abbreviated format | 04-07-2019 | 2019-29000519 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-18100229 | |
| 31-12-2016 | micro format | 08-06-2017 | 2017-16400519 | |
| 31-12-2015 | abbreviated format | 22-06-2016 | 2016-19900252 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -178,792 | -40,790 | -38,784 | 121,608 | -3,220 | - | - | - | - | |
| Cash flow | -177,240 | -41,798 | -35,451 | 105,713 | 7,606 | - | - | - | - | |
| Investment in fixed assets (approximation) | 28,393 | -4,070 | 0 | 17,209 | 570,953 | - | - | - | - | |
| Change in cash | -1,543 | -15,582 | 365 | 56,861 | 6,643 | 2,844 | -3,212 | -3,115 | - | |
| Working capital | 377,838 | 580,785 | 632,132 | 758,314 | 660,460 | - | - | - | - | |
| Solvency | 41.0% | 56.6% | 59.7% | 70.8% | 75.7% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Current ratio | 1.65 | 2.28 | 2.52 | 3.44 | 4.01 | - | - | - | - | |
| Quick ratio | 0.22 | 0.32 | 0.56 | 1.06 | 0.78 | - | - | - | - | |
| Debt to equity | 1.44 | 0.77 | 0.67 | 0.40 | 0.32 | - | - | - | - | |
| ROE | -45.3% | -7.8% | -7.3% | 12.1% | -0.3% | 16.5% | -4.0% | -8.7% | -45.4% | |
| ROA | -18.6% | -4.4% | -4.3% | 8.5% | -0.2% | 16.5% | -4.0% | -8.7% | -45.4% | |
| Interest coverage | -17.89 | -3.21 | -8.10 | - | -4.95 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 7 | 10 | 10 |
| full-time | 4 | 7 | 7 |
| part-time | 3 | 3 | 3 |
| in full-time equivalents | 6.4 | 9.4 | 9.4 |
| Average over the year, in full-time equivalents | 11.5 | 11.8 | 10.8 |
| On a permanent contract | 7 | 9 | 9 |
| Joined | 14 | 20 | 17 |
| Left | 17 | 20 | 19 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
fixed assets acquired| Item | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| Tangible fixed assets | €11,450 | - | - | €445,563 |
| Intangible fixed assets | €16,943 | - | - | €125,390 |
| Depreciation and write-downs of the year | €6,775 | €4,414 | €10,870 | €9,619 |
Source: notes to the 2019 to 2023 annual accounts (statement of fixed assets)
Insights on TRYGEM
The operating result for 2023 is a loss of €185,567, larger than the loss of €45,204 in 2022. It is the lowest result since 2015.
Debt's share of the balance-sheet total rises from 43.4% to 59.0%. Equity is lower and debt is higher.
Board & ownership
Last board
1 directorMandates through the years
1 name, the dashed line is todayHERODOT BV
Director
Director
Board
Mandates as a list
- HERODOT BV
- Director, from 01-01-2020 to date
Control
Capital
- Contribution
- €66,697.41
- Source
- 2023 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- HERODOT
- ROGEM
Source: lists of holdings in the owners' accounts
Network & group
No group
TRYGEM has no parent and no holdings in its annual accounts. HERODOT BV is the only director. TRYGEM shares no director with another company.
Timeline
Timeline
17 events since 2015Board
Capital
Filings
Financial
End
201620182020202220242026
2025
Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed · Books and records kept in Schoten (5 years) · General meeting of 19-12-20244 points ▸
- General meeting, 19-12-2024
- Net-asset statement, 30-11-2024
- Auditor report, 19-12-2024
- Power of attorney, Endre Csikos
- The deed holds 20 more points.
2024
Annual accounts 2023 filed PDFabbreviated format · 56 days before the deadline
2023
Weakest financial year net -€184,015 The net result drops to -€184,015, the lowest from 2015 to 2023.
Listed in the Peppol Directory
Annual accounts 2022 filed PDFabbreviated format · 49 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 19 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 22 days before the deadline
2020
Back to profit net €93,772 The net result is €93,772, after one loss-making year.
Annual accounts 2019 filed PDFabbreviated format · 58 days before the deadline
2019
Equity above €500,000 equity €683,914 ▲4,942% Equity rises from €13,563 to €683,914.
Deed on capital and restructuring Capital €66,697, annual accounts 2019
Annual accounts 2018 filed PDFabbreviated format · 27 days before the deadline
2018
Back to profit net €2,243 The net result is €2,243, after 3 loss-making years.
Annual accounts 2017 filed PDFmicro format · 50 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 53 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 39 days before the deadline
2015
Incorporation PDF7 publications in the Belgian Official Gazette, the last on 15-01-2025
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Dissolved and wound up
TRYGEM is no longer in the KBO register.
- Status
- Inactive
- Reason
- Dissolved and wound up in a single deedBelgian Official Gazette, 15 January 2025 · deed
- Last annual accounts
- financial year to 31 December 2023
- Last registered office
- Bruggestraat 77, Bus B, 8770 Ingelmunsteras published on 15 January 2025
- Legal form
- Private limited company
- First annual accounts
- financial year 2015