Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TREX from Knokke-Heist, company number BE0434819227, closed financial year 2025 with a result of € -18,189 after tax. For that financial year TREX recorded a gross margin of € 6,082 and equity of € 29,133. Compared with financial year 2024, the result moved from € -17,020 to € -18,189. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 29,133
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,189
▼ 7 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,449
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -218,760.
People and assets in 2025
€ 239,273
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 252
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,366 | € 443 | € 7,047 | € 6,082 | ▼ 14% |
| Profit after taxes | € -26,373 | € -26,195 | € -17,020 | € -18,189 | ▼ € 1,169 |
| Equity | € 90,537 | € 64,342 | € 47,322 | € 29,133 | ▼ 38% |
| Total debts | € 299,550 | € 316,615 | € 330,396 | € 345,502 | ▲ 5% |
| Cash | € 470 | € 2,191 | € 2,118 | € 1,449 | ▼ 32% |
| Land & buildings | € 61,477 | € 56,189 | € 50,900 | € 45,612 | ▼ 10% |
| Retained profit | € -157,356 | € -183,551 | € -200,571 | € -218,760 | ▼ € 18,189 |
| Balance sheet total | € 390,088 | € 380,957 | € 377,718 | € 374,636 | ▼ 1% |
Key figures of TREX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TREX?
What happened at TREX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 18,189. Source: NBB ↗
- Ilse Verhaegen became a director. NBB
- Peter Verhaegen became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,373 loss in 2022 to € 18,189 loss in 2025.
A new publication or filing at TREX? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TREX are Ilse Verhaegen, GUILIMMO BV and Peter Verhaegen. The same people are also behind Bouwwerken Versnel, Vimmo, Verhaegen Invest and VERBROUW. Ilse Verhaegen is also behind GUILIMMO. GUILIMMO BV is also behind VIMMO MAATWERK. Peter Verhaegen is also behind IMMO DEVAUX.
Directors
According to the 2025 annual accounts
Ilse Verhaegen
Managing director
Also active at: Bouwwerken Versnel, Vimmo, Verhaegen Invest, VERBROUW, GUILIMMO
since 2018
Director · represented by Gunther Hofmans
Also active at: Bouwwerken Versnel, VIMMO MAATWERK, Vimmo, Verhaegen Invest, VERBROUW
Peter Verhaegen
Managing director
Also active at: Bouwwerken Versnel, Vimmo, Verhaegen Invest, VERBROUW, IMMO DEVAUX
since 2018
Establishments
Establishment units
Physical locations of this company
Van Bunnenplein 3 box 51
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.819.227
- VAT number
- BE 0434.819.227
- Registered office
- Van Bunnenplein 3 bus 51, 8300 Knokke-Heist
- Names & denominations
- TREX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 1988
- Peppol
- Not registered