Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Trivec Systems Europe from Turnhout, company number BE0718633408, closed financial year 2024 with a result of € -171,573 after tax. For that financial year Trivec Systems Europe recorded a gross margin of € 2.3 million and equity of € -1.4 million. Compared with financial year 2023, the result moved from € -529,732 to € -171,573. The company made a loss. 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 30, 2025.
€ -1.4 million
▼ € 171,573 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -171,573
▲ 68 % less loss than in 2023
Profit after tax over the fiscal year.
€ 74,370
▲ 77% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.8 million.
People and assets in 2024
9.2
Average over the fiscal year, from the social balance sheet.
€ 740,597
▲ 3% vs 2023
€ 80,500 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.
€ 11,170
▼ 47% vs 2023
Of which on lease € 1,677.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1.4 million
▼ 14% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 272,395
▲ 86% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,453,784 | € 2,431,607 | € 2,387,335 | € 2,325,992 | ▼ 3% |
| Profit after taxes | € -1,774,199 | € -1,363,504 | € -529,732 | € -171,573 | ▲ € 358,159 |
| Equity | € 630,845 | € -732,659 | € -1,262,390 | € -1,433,963 | ▼ € 171,573 |
| Total debts | € 3,387,906 | € 3,477,056 | € 3,588,133 | € 4,025,996 | ▲ 12% |
| Cash | € 64,855 | € 145,857 | € 41,942 | € 74,370 | ▲ 77% |
| Land & buildings | € 2,276 | € 2,025 | € 1,775 | € 1,524 | ▼ 14% |
| Retained profit | € -2,718,106 | € -4,081,610 | € -4,611,342 | € -4,782,915 | ▼ € 171,573 |
| Bank debt | € 38,259 | € 9,271 | € 3,033 | € 0 | ▼ 100% |
| Balance sheet total | € 4,018,751 | € 2,744,398 | € 2,325,743 | € 2,592,032 | ▲ 11% |
| Employees (FTE) | 13.9 | 10.4 | 9.2 | 9.2 |
Key figures of Trivec Systems Europe, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Trivec Systems Europe?
What happened at Trivec Systems Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Carolina HALLNER stepped down as director. NBB
- Gunter HERMANS stepped down as director. NBB
- Mats FERM stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 171,573. Source: NBB ↗
- Carolina HALLNER became a director. NBB
- Gunter HERMANS became a director. NBB
- Mats FERM became a director. NBB
- New establishment in Turnhout. KBO
In short
From € 1.8 million loss in 2021 to € 171,573 loss in 2024.
On average € 252,800 of value added per employee in 2024.
A new publication or filing at Trivec Systems Europe? 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
The shares are held by T&V HOLDING AB.
Directors
According to the 2024 annual accounts
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
Shareholders
T&V HOLDING AB
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Slachthuisstraat 120 box 11
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
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€ 1.1 million gross margin · 2025
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€ 31,930 gross margin · 2025
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€ 406,959 gross margin · 2025
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€ 222,586 gross margin · 2025
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€ 1.4 million gross margin · 2025
+3 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
- 0718.633.408
- VAT number
- BE 0718.633.408
- Registered office
- Slachthuisstraat 120 bus 11, 2300 Turnhout
- Names & denominations
- Trivec Systems Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2018
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
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