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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Triomphe 174 from Watermaal-Bosvoorde, company number BE0446468729, closed financial year 2025 with a result of € 155,039 after tax. For that financial year Triomphe 174 recorded revenue of € 1.5 million and equity of € -1.3 million. Compared with financial year 2024, the result moved from € 549,924 to € 155,039. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ -1.3 million
▲ € 155,039 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 155,039
▼ 72% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -24.9 million.
Debts at end 2025
€ 7.7 million
▲ 53% vs 2024
€ 700,000 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2.7 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1534 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,367,389 | € 1,522,582 | € 1,557,080 | € 1,452,824 | ▼ 7% |
| Profit after taxes | € 180,026 | € 497,032 | € 549,924 | € 155,039 | ▼ 72% |
| Equity | € -2,454,858 | € -1,957,826 | € -1,407,902 | € -1,252,863 | ▲ € 155,039 |
| Total debts | € 9,712,079 | € 12,191,669 | € 13,701,547 | € 17,752,718 | ▲ 30% |
| Cash | € 580,662 | € 545,027 | € 725,840 | € 1,231,789 | ▲ 70% |
| Land & buildings | € 6,123,950 | € 5,870,954 | € 5,654,550 | € 5,427,197 | ▼ 4% |
| Retained profit | € -26,136,858 | € -25,639,826 | € -25,089,902 | € -24,934,863 | ▲ € 155,039 |
| Bank debt | € 6,000,000 | € 5,500,000 | € 5,000,000 | € 7,650,000 | ▲ 53% |
| Balance sheet total | € 7,257,221 | € 10,233,843 | € 12,293,645 | € 16,499,855 | ▲ 34% |
Key figures of Triomphe 174, 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 Triomphe 174?
What happened at Triomphe 174 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 155,039 (▼ 72% vs 2024). Source: NBB ↗
- Edouard HENRICKX stepped down as director. NBB
- SMAPIC s.r.l. stepped down as director. NBB
- THALES Management s.r.l. stepped down as director. NBB
- Thibault RELECOM stepped down as director. NBB
- J.POLUS s.r.l. stepped down as director. NBB
- MHCT stepped down as director. NBB
- MHCT became a director. NBB
In short
From € 180,026 profit in 2022 to € 155,039 profit in 2025.
Paid € 15,525 in corporate taxes since 2022.
Best year ever: 2024, with € 549,924 profit.
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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
The stake of UNIBRA REAL ESTATE, THOMAS & PIRON HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Triomphe 174The shares are held by UNIBRA REAL ESTATE (50%) and THOMAS & PIRON HOLDING (50%).
Directors
According to the 2025 annual accounts
Edouard HENRICKX
Managing director
since 2020 · until 2026
Director · represented by Aubry LEFEBVRE
Also active at: SOMIBA, B.T.A. CONSTRUCT, NORDI, Coeur de Ville, FONCIERE INVEST, FONCIERE DE BAVIERE C, FONCIERE DE BAVIERE A, Bureau Cauchy C +18 more
since 2020 · until 2026
Director · represented by Renaud BLAVIER
Also active at: Rive Droite, Terrebois, Société Internationale d'Engineering, UNITER, TERRE A TERRE, ROYALE 67, UNIBRA REAL ESTATE, Unibra Development +8 more
since 2020 · until 2026
since 2024 · until 2026
Thibault RELECOM
Managing director
Also active at: Rive Droite, Terrebois, UNITER, TERRE A TERRE, ROYALE 67, Unibra Development, BIZIMMO, Buildingnest +1 more
since 2021 · until 2026
Director
Also active at: Coeur de Ville, BAVIERE DEVELOPPEMENT, UNIVERSALIS PARK 3, UNIVERSALIS PARK 3 C, UNIVERSALIS PARK 2, UNIVERSALIS PARK 3 AB, "Foncière de la Nielle Sud" "Vastgoed Nielle Zuid", Plateau d’Erpent +9 more
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25 box 9
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →Unibra
€ 3.7 million revenue · 2025
Coopérative U.P.B.
SOCIÉTE DU GARNISTEAU
€ 51,409 gross margin · 2025
La Garantie Belge
LA MUTUELLE PATRONALE (A.A.M. CONTRE LES RISQUES DECOULANT DE LA LEGISLATION RELATIVE AU SALAIRE GARANTI)
+77 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.468.729
- VAT number
- BE 0446.468.729
- Registered office
- Vorstlaan 25 bus 9, 1170 Watermaal-Bosvoorde
- Names & denominations
- Triomphe 174
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 1992
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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Handel in eigen onroerend goed