Financials
Financial year 2025
TriNetX Europe from Sint-Martens-Latem, company number BE0471970128, closed financial year 2025 with a result of € 12,352 after tax. For that financial year TriNetX Europe recorded a gross margin of € 2.2 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 24,296 to € 12,352. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 1.5 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,352
▼ 49% vs 2024
Profit after tax over the fiscal year.
€ 224,058
▼ 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 € 865,215.
People and assets in 2025
17.8
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 6% vs 2024
€ 109,300 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
None
No bank loans on the last day of the fiscal year.
€ 180,283
▼ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 588,772
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,630,607 | € 2,173,826 | € 2,362,994 | € 2,238,025 | ▼ 5% |
| Profit after taxes | € -84,198 | € 67,278 | € 24,296 | € 12,352 | ▼ 49% |
| Equity | € 1,411,288 | € 1,478,567 | € 1,502,863 | € 1,515,215 | ▲ 1% |
| Total debts | € 897,855 | € 801,507 | € 1,241,526 | € 776,725 | ▼ 37% |
| Cash | € 195,050 | € 784,410 | € 305,752 | € 224,058 | ▼ 27% |
| Retained profit | € 761,288 | € 828,567 | € 852,863 | € 865,215 | ▲ 1% |
| Balance sheet total | € 2,309,143 | € 2,280,074 | € 2,744,389 | € 2,291,941 | ▼ 16% |
| Employees (FTE) | 18.1 | 18.7 | 19.2 | 17.8 | ▼ 1.4 |
Key figures of TriNetX Europe, 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 TriNetX Europe?
What happened at TriNetX Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Steven Kundrot stepped down as director. NBB
- Damian Mangino stepped down as director. NBB
- David Voets stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 12,352 (▼ 49% vs 2024). Source: NBB ↗
- Steven Kundrot became a director. NBB
- Illustris BV stepped down as director. NBB
- Gad Lachman stepped down as director. NBB
- David Voets became a director. NBB
In short
From € 84,198 loss in 2022 to € 12,352 profit in 2025.
Paid € 97,611 in corporate taxes since 2022.
Best year ever: 2023, with € 67,278 profit.
On average € 125,700 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Steven Kundrot
Director
since 2025 · until 2028
since 2024 · until 2025
Damian Mangino
Director
since 2024 · until 2028
Gad Lachman
Director
since 2024 · until 2025
David Voets
Director
since 2025 · until 2028
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 214 box B3
9830 Sint-Martens-Latem
Kortrijksesteenweg 214 box 3
9830 Sint-Martens-Latem
Active since 28 June 2000
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
- 0471.970.128
- VAT number
- BE 0471.970.128
- Registered office
- Kortrijksesteenweg 214 bus B3, 9830 Sint-Martens-Latem
- Names & denominations
- TriNetX Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 2000
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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