Financials
Financial year 2024
TRINEAN from Gent, company number BE0884479949, closed financial year 2024 with a result of € 6.2 million after tax. For that financial year TRINEAN recorded revenue of € 21.4 million and equity of € 12.4 million. Compared with financial year 2023, the result moved from € 4.1 million to € 6.2 million. Profitable, and profit is growing. 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 July 14, 2025.
€ 12.4 million
▲ 100% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.2 million
▲ 53% vs 2023
Profit after tax over the fiscal year.
€ 629,085
▲ 17% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 10.6 million.
People and assets in 2024
33.9
▼ 1.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▼ 6% vs 2023
€ 90,800 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.
€ 67,161
▼ 27% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 4 million
▲ 132% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 131 days on average.
€ 1.5 million
▲ 150% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 19,567,455 | € 17,388,779 | € 21,442,134 | ▲ 23% |
| Gross margin | € 6,798,967 | - | - | - | |
| Profit after taxes | € 3,655,424 | € 5,605,572 | € 4,061,278 | € 6,217,242 | ▲ 53% |
| Equity | € 6,652,001 | € 12,257,573 | € 6,227,241 | € 12,444,483 | ▲ 100% |
| Total debts | € 1,420,769 | € 1,655,849 | € 2,621,483 | € 5,675,154 | ▲ 116% |
| Cash | € 377,690 | € 539,701 | € 538,241 | € 629,085 | ▲ 17% |
| Retained profit | € -5,039,609 | € 565,963 | € 4,386,534 | € 10,603,776 | ▲ 142% |
| Dividend | € 0 | € 0 | € 240,707 | € 0 | ▼ 100% |
| Balance sheet total | € 8,122,278 | € 13,973,004 | € 8,896,003 | € 18,185,199 | ▲ 104% |
| Employees (FTE) | 29 | 36.5 | 35.2 | 33.9 | ▼ 1.3 |
Key figures of TRINEAN, 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 TRINEAN?
What happened at TRINEAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Timothy Harkness stepped down as director. NBB
- Donald Phelps stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 6.2 million (▲ 53% vs 2023). Source: NBB ↗
- Donald Phelps became a director. NBB
- Capital increase of € 1.6 million, published in the Gazette. Source: Staatsblad ↗
- Timothy Harkness became a director. NBB
- Capital increase of € 250,000, published in the Gazette. Source: Staatsblad ↗
- Capital increase of € 2 million, published in the Gazette. Source: Staatsblad ↗
In short
From € 3.7 million profit in 2021 to € 6.2 million profit in 2024.
Paid € 1.9 million in corporate taxes since 2021.
Best year ever: 2024, with € 6.2 million profit.
On average € 234,400 of value added per employee in 2021.
Management
The shares are held by INC. FREESLATE and Unchained Labs Inc. BO.
Directors
According to the 2024 annual accounts
Timothy Harkness
Director
since 2017 · until 2027
Donald Phelps
Director
since 2021 · until 2027
Shareholders
INC. FREESLATE
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwijnaardsesteenweg 312 box //1
9000 Gent
Zwijnaardsesteenweg 312 box 1
9000 Gent
Active since 17 December 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Capital increase
Source: Deed ↗- UNCHAINED LABS(inbrenger) 13.7%
Details
- Company number
- 0884.479.949
- VAT number
- BE 0884.479.949
- Registered office
- Zwijnaardsesteenweg 312 bus //1, 9000 Gent
- Names & denominations
- TRINEAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 October 2006
- Peppol
- Active · Active since 15 May 2025
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