Active BE 0540.990.774Private limited company

TRIVA

Lariksdreef 9 ·2900 Schoten, Belgium· 12 yrs active

Sector: Logistics services (52250)

Conclusion Checked

TRIVA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170k and a net result of €15k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€170k
Net result	€15k
Better than sector	26%
Active	12 yrs

Financial profile 5 of 5 axes measured · computed by Checked

52 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 49

Profitability 45

Solvency 16

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2013, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

49 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€8k

estimate, not credit advice

Score history

58 2022

20 2023

49 2024

49 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.77 (< 1.0) -10

Leverage Debt/equity 5.45 (> 3.0) -10

Profitability ROE 9% +3

Interest coverage Interest coverage 4.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview11 NBB filings

Annual accounts filed on 28-01-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 52, Warehousing and support activities for transportation · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	15.5%	36.7%	better than 26% of 694 sector peers
Net result	€15k	€33k	better than 39% of 693 sector peers
Equity	€170k	€313k	better than 37% of 694 sector peers
Gross operating margin	€106k	€291k	better than 33% of 693 sector peers
Total assets	€1.10M	€1.10M	better than 50% of 694 sector peers

EBITDA

€96k

+18.5% 22-25

Net profit

€15k

+25.8% 22-25

Cash flow

€66k

+12.9% 22-25

Total assets

€1.10M

-3.6% 22-25

Equity

€170k

+9.9% 22-25

Working capital

€-72k

-6.1% 22-25

Income taxes

€8k

+67.2% 22-25

Debt

€929k

-5.7% 22-25

Debt ≤ 1y

€320k

+1.6% 22-25

Debt > 1y

€608k

-9.2% 22-25

Current ratio

0.77

-1.2% 22-25

Quick ratio

0.77

-1.2% 22-25

Solvency

15.5%

+13.9% 22-25

Debt / equity

5.45

-14.1% 22-25

ROE

9.0%

+14.5% 22-25

ROA

1.4%

+30.4% 22-25

Interest coverage

4.33

-4.4% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€96k	€81k	€27k	€95k
Net profit	€15k	€12k	€-6k	€29k
Cash flow	€66k	€59k	€22k	€80k
Staff costs	-	-	-	-
Income taxes	€8k	€5k	€-111	€12k
Dividends	-	-	-	-
Total assets	€1.10M	€1.14M	€637k	€544k
Equity	€170k	€155k	€143k	€149k
Debt	€929k	€985k	€494k	€395k
of which ≤ 1y	€320k	€315k	€196k	€151k
of which > 1y	€608k	€670k	€297k	€244k
Working capital	€-72k	€-68k	€-92k	€-22k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	0.77	0.78	0.53	0.85
Quick ratio	0.77	0.78	0.53	0.85
Working capital ratio	-6.6%	-6.0%	-14.5%	-4.1%
Solvency	15.5%	13.6%	22.4%	27.4%
Debt / equity	5.45	6.35	3.45	2.65
Long-term debt ratio	3.57	4.32	2.08	1.64
Interest coverage	4.33	4.53	5.37	22.98
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	1.4%	1.1%	-0.9%	5.4%
ROE	9.0%	7.8%	-4.1%	19.7%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €851k · 77.4% Current assets €248k · 22.6%

Equity & liabilities

Equity €170k · 15.5% Debt €929k · 84.5%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.10M	€1.14M	€637k	€544k
Fixed assets	21/28	€851k	€893k	€532k	€415k
Tangible fixed assets	22/27	€827k	€868k	€508k	€389k
Financial fixed assets	28	€24k	€24k	€24k	€26k
Current assets	29/58	€248k	€247k	€104k	€129k
Amounts receivable within one year	40/41	€176k	€154k	€87k	€72k
Cash & bank	54/58	€72k	€93k	€17k	€56k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.10M	€1.14M	€637k	€544k
Equity	10/15	€170k	€155k	€143k	€149k
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€147k	€131k	€119k	€121k
Accumulated profits (losses)	14	€5k	€5k	€5k	€9k
Amounts payable	17/49	€929k	€985k	€494k	€395k
Amounts payable after one year	17	€608k	€670k	€297k	€244k
Amounts payable within one year	42/48	€320k	€315k	€196k	€151k
Trade debts payable within one year	44	€232k	€217k	€145k	€110k
Income statement
Gross operating margin	9900	€106k	€142k	€33k	€100k
Operating result	9901	€45k	€35k	€-1k	€45k
Financial income	75	-	€76	€122	€55
Financial charges	65	€22k	€18k	€5k	€4k
Result before taxes	9903	€23k	€17k	€-6k	€41k
Income taxes	67/77	€8k	€5k	€-111	€12k
Net result for the period	9904	€15k	€12k	€-6k	€29k
Result to be appropriated	9905	€15k	€12k	€-6k	€29k

Directors & mandates 1 directors

Current directors & mandates

Vasil Donchevski
Director
State Gazette act 23423827 (10-11-2023)

Current
01-01-2020 → present
2 events
- 01-01-2020 Resigned· Manager
- 01-01-2020 Appointed· Director

Legal Structure

NACE primary	Logistics services(52250)
Legal form	Private limited company(610)
Incorporation	17-10-2013
Status	Active
Postal code	2900

Establishment units 1 location

Triva

Lariksdreef 9, 2900 SchotenWarehousing and support activities for transportation

since 20132.224.070.933

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11040D0243/00D014	Flanders	1,188 m²	1 · 134 m²	8.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

28-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

24-12

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

30-06

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

30-06

Financial Equity above €150kEq €155k ▲8.5%

Equity rises from €143k to €155k.

30-01

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

10-11

State Gazette act Director changes

Myriam-Alexandra Vreven

30-06

Financial Weakest financial yearnet €-6k ▼120%

Net result drops to €-6k, the lowest in the series; recovery starts the following year.

31-01

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-01

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-01

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

30-01

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

28-01

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

07-02

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 7 days late

2017

17-01

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

10-11-2023 1 director appointed, 1 resigning Director changes·Myriam-Alexandra Vreven

Vasil Donchevski, Bestuurder
Vasil Donchevski, Zaakvoerder

Notary: Myriam-Alexandra Vreven · Mortsel

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Vasil Donchevski",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": false,
      "effective_date": "2020-01-01",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Vasil Donchevski",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": false,
      "effective_date": "2020-01-01",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "retroactive"
    },
    {
      "kind": "decharge_granted",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "board_snapshot",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "correction",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Myriam-Alexandra Vreven",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Mortsel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-11-10",
    "filing_date": "2023-11-07",
    "act_kind_objet": "WIJZIGING RECHTSVORM, ONTSLAGEN, BENOEMINGEN"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-10-23",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0540.990.774",
    "name_full": "TRIVA",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Myriam-Alexandra Vreven",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "Afschrift van het proces-verbaal",
    "geco\u00F6rdineerde statuten"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Logistics services52250Warehousing and support activities for transportation52290

Names & trade names

Legal nameNL

TRIVA

Similar companies Comparable size · 1,891 of 3,178 companies in this sector with filed accounts

MASTER-TRANS INTERNATIONAL BE 0430.473.825 · Antwerpen

BELGACO BE 0841.379.978 · Schoten

EUROWINES BE 0447.951.641 · Sint-Pieters-Woluwe

EXINDE BE 0463.543.303 · Bornem

LI MO BE 0445.037.681 · Jurbise