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 6 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TRIPLE V CONCEPT from Schaarbeek, company number BE0888567411, closed financial year 2025 with a result of € -12,008 after tax. For that financial year TRIPLE V CONCEPT recorded a gross margin of € 33,470 and equity of € -55,742. Compared with financial year 2024, the result moved from € 4,686 to € -12,008. 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 August 12, 2026.
€ -55,742
▼ € 12,008 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,008
▼ still € 4,686 profit in 2024
Profit after tax over the fiscal year.
€ 6,188
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -72,917.
Debts at end 2025
€ 382,045
▼ 32% vs 2024
€ 22,673 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 6,761
▲ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 77,705 | € 24,565 | € 54,747 | € 33,470 | ▼ 39% |
| Profit after taxes | € -5,087 | € -17,892 | € 4,686 | € -12,008 | ▼ € 16,694 |
| Equity | € -30,527 | € -48,419 | € -43,734 | € -55,742 | ▼ € 12,008 |
| Total debts | € 677,600 | € 667,555 | € 653,527 | € 459,456 | ▼ 30% |
| Cash | € 4,805 | € 0 | € 9,031 | € 6,188 | ▼ 31% |
| Land & buildings | € 642,000 | € 618,840 | € 587,961 | € 397,223 | ▼ 32% |
| Retained profit | € -47,702 | € -65,594 | € -60,909 | € -72,917 | ▼ € 12,008 |
| Bank debt | € 613,716 | € 586,391 | € 561,016 | € 382,045 | ▼ 32% |
| Balance sheet total | € 647,072 | € 619,136 | € 609,794 | € 403,714 | ▼ 34% |
Key figures of TRIPLE V CONCEPT, 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 TRIPLE V CONCEPT?
What happened at TRIPLE V CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,008 (▼ € 16,694 vs 2024). filed late Source: NBB ↗
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,087 loss in 2022 to € 12,008 loss in 2025.
Best year ever: 2024, with € 4,686 profit.
Management
Behind TRIPLE V CONCEPT are DAVID WOLFS and JEAN-MICHEL WATHELET. DAVID WOLFS is also behind W2W Associates.
Directors
According to the 2025 annual accounts
JEAN-MICHEL WATHELET
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Grondwetstraat 47
1030 Schaarbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.567.411
- VAT number
- BE 0888.567.411
- Registered office
- Grondwetstraat 47, 1030 Schaarbeek
- Names & denominations
- TRIPLE V CONCEPT · T.V.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 2007
- Peppol
- Not registered