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 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TRENDMINER from Hasselt, company number BE0894414630, closed financial year 2025 with a result of € -851,120 after tax. For that financial year TRENDMINER recorded revenue of € 13.5 million and equity of € -20.5 million. Compared with financial year 2024, the result moved from € -8.7 million to € -851,120. 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 6, 2026.
€ -20.5 million
▼ € 851,120 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -851,120
▲ 90 % less loss than in 2024
Profit after tax over the fiscal year.
€ 743,031
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -28.8 million.
People and assets in 2025
46.4
▼ 5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.2 million
▼ 8% vs 2024
€ 155,400 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.
€ 66,629
▲ € 64,318 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 24.2 million
▼ 5% vs 2024
€ 3.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1.6 million
▲ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
€ 1.5 million
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,495,474 | € 11,072,066 | € 8,324,682 | € 13,468,975 | ▲ 62% |
| Profit after taxes | € -5,315,737 | € -3,866,211 | € -8,661,735 | € -851,120 | ▲ € 7.8 million |
| Equity | € -13,689,262 | € -17,555,473 | € -19,665,208 | € -20,516,328 | ▼ € 851,120 |
| Total debts | € 18,683,421 | € 23,133,318 | € 32,748,385 | € 34,567,982 | ▲ 6% |
| Cash | € 51,481 | € 64,501 | € 776,558 | € 743,031 | ▼ 4% |
| Retained profit | € -15,379,436 | € -19,245,647 | € -27,907,382 | € -28,758,502 | ▼ € 851,120 |
| Bank debt | € 15,500,000 | € 15,500,000 | € 25,402,351 | € 24,152,906 | ▼ 5% |
| Balance sheet total | € 4,994,159 | € 5,577,845 | € 13,083,177 | € 14,051,655 | ▲ 7% |
| Employees (FTE) | 53.5 | 46.4 | 51.4 | 46.4 | ▼ 5 |
Key figures of TRENDMINER, 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 TRENDMINER?
What happened at TRENDMINER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thorsten BACHMANN stepped down as director. NBB
- Robert Thomas MICHAELIDES stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 851,120. Source: NBB ↗
- Thorsten BACHMANN became a director. NBB
- Robert Thomas MICHAELIDES became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 5.3 million loss in 2022 to € 851,120 loss in 2025.
Paid € 471,762 in corporate taxes since 2022.
Pays suppliers within 93 days on average.
Management
The shares are held by Vercore GmbH (100%). It owns 100% of TrendMiner USA INC and 100% of TrendMiner BV itself.
Directors
According to the 2025 annual accounts
Thorsten BACHMANN
Director
since 2024 · until 2030
Robert Thomas MICHAELIDES
Director
since 2024 · until 2030
Shareholders
Vercore GmbH
100%
Participations
TrendMiner USA INC
100%
TrendMiner BV
100%
Establishments
Establishment units
Physical locations of this company
Kempische steenweg 309 box 5.01
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Certimed
€ 10.1 million revenue · 2025
Rezolv
€ 228,418 gross margin · 2025
Envisia
CLIMAPULSE
€ 888,313 gross margin · 2025
HELDER PLAN
€ 2 million gross margin · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
trendminer.com
Registered
2003-02-17
Registrar
Key-Systems GmbH
Expires
2027-02-17
Website info
Features
Security
Details
- Company number
- 0894.414.630
- VAT number
- BE 0894.414.630
- Registered office
- Kempische steenweg 309 bus 5.01, 3500 Hasselt
- Names & denominations
- TRENDMINER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2007
- Peppol
- Active · Active since 21 Nov 2024
- Contact
- trendminer.com [email protected] 011263830
- Activities · NACE
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