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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.2 to 1.3.
Financials
Financial year 2025
T.R.L. from Malle, company number BE0448154054, closed financial year 2025 with a result of € 12,029 after tax. For that financial year T.R.L. recorded a gross margin of € 69,133 and equity of € -62,257. Compared with financial year 2024, the result moved from € -167,104 to € 12,029. Profitable, and profit is growing. 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 July 29, 2026.
€ -62,257
▲ € 12,029 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,029
▲ still € 167,104 loss in 2024
Profit after tax over the fiscal year.
€ 1,638
▼ 27% 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 € -808,491.
People and assets in 2025
1.3
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 31,706
▼ 63% vs 2024
€ 24,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 200,000
Loans from banks and other lenders, long and short.
€ 196,840
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,422
▼ 69% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 486,487 | € 437,987 | € 166,812 | € 69,133 | ▼ 59% |
| Profit after taxes | € 120,517 | € 247,979 | € -167,104 | € 12,029 | ▲ € 179,133 |
| Equity | € -155,160 | € 92,819 | € -74,286 | € -62,257 | ▲ € 12,029 |
| Total debts | € 1,843,610 | € 1,351,655 | € 1,159,880 | € 1,164,713 | |
| Cash | € 26,994 | € 8,800 | € 2,251 | € 1,638 | ▼ 27% |
| Land & buildings | € 860,206 | € 840,380 | € 831,600 | € 820,676 | ▼ 1% |
| Retained profit | € -901,394 | € -653,415 | € -820,519 | € -808,491 | ▲ € 12,029 |
| Bank debt | € 218,899 | € 200,000 | € 200,000 | € 200,000 | |
| Balance sheet total | € 1,688,450 | € 1,444,474 | € 1,085,594 | € 1,102,456 | ▲ 2% |
| Employees (FTE) | 3.3 | 2.2 | 1.8 | 1.3 | ▼ 0.5 |
Key figures of T.R.L., 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 T.R.L.?
What happened at T.R.L. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FRIOTRANS NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 12,029. Source: NBB ↗
- FRIOTRANS NV became a director. NBB
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
In short
From € 120,517 profit in 2022 to € 12,029 profit in 2025.
Best year ever: 2023, with € 247,979 profit.
On average € 53,200 of value added per employee in 2025.
Management
The stake of FRIOTRANS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
T.R.L.The shares are held by FRIOTRANS (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Robert / Nicole Vissenberg / Peeters
since 2020 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ambachtsstraat 28
2390 Malle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0448.154.054
- VAT number
- BE 0448.154.054
- Registered office
- Ambachtsstraat 28, 2390 Malle
- Names & denominations
- T.R.L.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 1992
- Peppol
- Active · Active since 21 Oct 2026
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