OPENING OF BANKRUPTCY

Trico Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

-79,4 M €

-2777.6% YoY

Revenue

73,6 M €

+4.1% YoY

Equity

-24,9 M €

-145.8% YoY

Workforce

197,3 ETP

+12.1% YoY

Company — Opening of bankruptcy.

Strike-off: 18 septembre 2026

What does Trico Belgium do?

Trico Belgium is a Public limited company incorporated in 1994. Its registered office is in Aubange. It employs on average 197,3 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0451.868.065

Incorporation

28/01/1994

Legal form

Public limited company

Registered office

Rue Marie Curie 6
6790 Aubange · WallonieSee on map

Contributed capital

81 657 966,70 €

Latest accounts

31/12/2025

Average workforce

197,3 ETP

Joint committees (2)

Signals

Positive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	73,6 M €	+4.1%	70,7 M €	+3.6%	68,2 M €	+9.0%	62,6 M €	+3.2%	60,6 M €	+3.8%	58,4 M €	-3.1%	60,2 M €	+4.2%	57,8 M €	-0.9%	58,4 M €	+3.5%	56,4 M €	+16.7%	48,3 M €	+12.1%	43,1 M €	-12.7%	49,3 M €	+6.6%	46,3 M €	-0.2%	46,4 M €	-1.1%	46,9 M €	-10.6%	52,5 M €	-13.1%	60,4 M €
EBITDA	1,4 M €	-58.7%	3,5 M €	+136%	1,5 M €	-40.2%	2,5 M €	-61.8%	6,5 M €	+92.2%	3,4 M €	+69.2%	2,0 M €	+235%	-1,5 M €	+21.2%	-1,9 M €	+37.3%	-3,0 M €	-5.4%	-2,8 M €	+47.1%	-5,3 M €	-1348%	-368,1 k €	+84.8%	-2,4 M €	+11.2%	-2,7 M €	-115%	-1,3 M €	+46.6%	-2,4 M €	-3.4%	-2,3 M €
Operating result	-29,7 M €	-1139%	2,9 M €	+430%	540,6 k €	-67.2%	1,6 M €	-73.9%	6,3 M €	+282%	1,7 M €	+552%	-366,0 k €	+90.5%	-3,8 M €	+14.1%	-4,5 M €	+3.6%	-4,6 M €	+4.1%	-4,8 M €	+35.4%	-7,5 M €	-211%	-2,4 M €	+45.8%	-4,4 M €	-11.3%	-4,0 M €	-73.9%	-2,3 M €	+26.2%	-3,1 M €	-14.7%	-2,7 M €
Net result	-79,4 M €	-2778%	3,0 M €	+186%	1,0 M €	-52.7%	2,2 M €	-69.0%	7,1 M €	+227%	2,2 M €	+308%	-1,0 M €	+77.5%	-4,6 M €	+11.4%	-5,2 M €	+1.3%	-5,3 M €	-0.4%	-5,3 M €	+32.0%	-7,8 M €	+23.9%	-10,2 M €	-88.0%	-5,4 M €	-19.1%	-4,6 M €	-67.1%	-2,7 M €	+56.2%	-6,2 M €	-131%	-2,7 M €
Balance sheet
Equity	-24,9 M €	-146%	54,5 M €	+172%	20,0 M €	+5.5%	19,0 M €	+13.1%	16,8 M €	+68.3%	10,0 M €	+25.6%	8,0 M €	+125%	-31,2 M €	-18.4%	-26,3 M €	-26.1%	-20,9 M €	-31.1%	-15,9 M €	-50.9%	-10,6 M €	-263%	-2,9 M €	-144%	6,6 M €	+67.8%	3,9 M €	-30.9%	5,7 M €	-32.4%	8,4 M €	-42.5%	14,7 M €
Total assets	25,7 M €	-71.1%	88,9 M €	+77.8%	50,0 M €	+13.7%	44,0 M €	+20.7%	36,4 M €	+33.3%	27,3 M €	+14.6%	23,8 M €	+9.9%	21,7 M €	-3.0%	22,3 M €	-2.0%	22,8 M €	+23.4%	18,5 M €	-3.3%	19,1 M €	-6.5%	20,4 M €	+10.0%	18,6 M €	-2.2%	19,0 M €	+12.8%	16,8 M €	-18.3%	20,6 M €	-30.6%	29,7 M €
Cash	1,0 M €	-52.5%	2,2 M €	+98.3%	1,1 M €	+196%	370,7 k €	+77.1%	209,3 k €	-65.3%	603,7 k €	-44.7%	1,1 M €	+1077%	92,8 k €	+0.0%	92,8 k €	+4.4%	88,8 k €	+21.2%	73,3 k €	+59.0%	46,1 k €	+66.9%	27,6 k €	-91.7%	334,7 k €	+317%	80,2 k €	-45.4%	146,7 k €	+57.2%	93,3 k €	-75.0%	372,9 k €
Debts	50,6 M €	+48.1%	34,2 M €	+18.9%	28,7 M €	+21.0%	23,8 M €	+23.1%	19,3 M €	+20.5%	16,0 M €	+10.8%	14,5 M €	-71.8%	51,3 M €	+9.5%	46,8 M €	+14.6%	40,9 M €	+28.8%	31,8 M €	+18.5%	26,8 M €	+73.6%	15,4 M €	+33.2%	11,6 M €	-21.9%	14,8 M €	+36.4%	10,9 M €	-3.3%	11,3 M €	-19.5%	14,0 M €
Other
Workforce	197,3 ETP	+12.1%	176,0 ETP	-3.9%	183,2 ETP	-4.4%	191,7 ETP	-4.2%	200,1 ETP	-3.4%	207,1 ETP	-3.0%	213,5 ETP	+2.5%	208,2 ETP	+1.1%	205,9 ETP	+1.4%	203,1 ETP	-1.9%	207,1 ETP	-0.5%	208,1 ETP	-18.1%	254,0 ETP	-2.0%	259,3 ETP	-1.6%	263,4 ETP	-3.0%	271,6 ETP	-9.0%	298,3 ETP	-4.9%	313,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 34 ended

Active mandates

Stephen Graham

Director · since 30 mai 2025 · until 22 octobre 2025

Active

Dave Parker

Director · since 29 juin 2024 · until 08 octobre 2025

Active

Michael Baker

Director · since 21 novembre 2021 · until 25 septembre 2025

Active

Shekhar Kumar

Director · since 21 novembre 2021 · until 31 mai 2027

Active

Ended mandates

Dave Parker

Director · since 29 juin 2024 · until 31 mai 2030

Ended

Michael Baker

Director · since 21 novembre 2021 · until 31 mai 2027

Ended

Brian Troyer

Director · since 01 mai 2020 · until 20 octobre 2021

Ended

Brian Troyer

Director · since 01 mai 2020 · until 02 juin 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	08/07/2025	13/08/2024	26/06/2023	11/10/2022	18/08/2021
General meeting	10/07/2026	30/05/2025	28/06/2024	16/06/2023	23/09/2022	30/07/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/07/2026	15/07/2026	French	PDF
Full model	31/12/2024	30/05/2025	08/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	13/08/2024	French	PDF
Full model	31/12/2022	16/06/2023	26/06/2023	French	PDF
Full model	31/12/2021	23/09/2022	11/10/2022	French	PDF
Full model	31/12/2020	30/07/2021	18/08/2021	French	PDF
Full model	31/12/2019	31/07/2020	31/08/2020	French	PDF
Full model	31/12/2018	31/05/2019	25/06/2019	French	PDF
Full model	31/12/2017	31/05/2018	19/06/2018	French	PDF
Full model	31/12/2016	31/05/2017	19/06/2017	French	PDF
Full model	31/12/2015	31/05/2016	30/06/2016	French	PDF
Full model	31/12/2014	01/06/2015	29/06/2015	French	PDF
Full model	31/12/2013	19/12/2014	06/03/2015	French	PDF
Full model	31/12/2012	31/05/2013	26/06/2013	French	PDF
Full model	31/12/2011	31/05/2012	25/06/2012	French	PDF
Full model	31/12/2010	31/05/2011	21/06/2011	French	PDF
Full model	31/12/2009	31/05/2010	08/07/2010	French	PDF
Full model	31/12/2008	02/06/2009	22/06/2009	French	PDF
Full model	31/12/2007	02/06/2008	24/06/2008	French	PDF
Full model	31/12/2006	29/06/2007	01/08/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 34 ended

Active mandates

Stephen Graham

Director · since 30 mai 2025 · until 22 octobre 2025

Active

Dave Parker

Director · since 29 juin 2024 · until 08 octobre 2025

Active

Michael Baker

Director · since 21 novembre 2021 · until 25 septembre 2025

Active

Shekhar Kumar

Director · since 21 novembre 2021 · until 31 mai 2027

Active

Ended mandates

Dave Parker

Director · since 29 juin 2024 · until 31 mai 2030

Ended

Michael Baker

Director · since 21 novembre 2021 · until 31 mai 2027

Ended

Brian Troyer

Director · since 01 mai 2020 · until 20 octobre 2021

Ended

Brian Troyer

Director · since 01 mai 2020 · until 02 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2026
DEMISSIONS, NOMINATIONS
PDF
Other26/01/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/07/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office27/01/2025
SIEGE SOCIAL
PDF
Capital / shares14/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates02/09/2024
DEMISSIONS, NOMINATIONS
PDF
Other20/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/02/2024
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

06/01/2026
nominationShekhar Kumar — administrateur unique
2025
Annual accounts 2025-79,4 M €↓
30/05/2025
reconductionStephen Graham — administrateur
2024
Annual accounts 20243,0 M €↑
27/12/2024
augmentation_capital
27/12/2024
apport
28/06/2024
reconductionDavid Parker — administrateur
28/06/2024
nominationGrant Thornton Réviseurs d'Entreprises — Bedrijfsrevisoren BV — commissaire
2023
Annual accounts 20231,0 M €↓
2022
Annual accounts 20222,2 M €↓
2021
Annual accounts 20217,1 M €↑
30/07/2021
nominationBST Réviseurs d'Entreprises — commissaire
2020
Annual accounts 20202,2 M €↑
2019
Annual accounts 2019-1,0 M €↑
2018
Annual accounts 2018-4,6 M €↑
2018
Name changeTRICO BELGIUM
2017
Annual accounts 2017-5,2 M €↑
2016
Annual accounts 2016-5,3 M €↓
2015
Annual accounts 2015-5,3 M €↑
2014
Annual accounts 2014-7,8 M €↑
2013
Annual accounts 2013-10,2 M €↓
2012
Annual accounts 2012-5,4 M €↓
2011
Annual accounts 2011-4,6 M €↓
2010
Annual accounts 2010-2,7 M €↑
2009
Annual accounts 2009-6,2 M €↓
2008
Annual accounts 2008-2,7 M €
2008
Name changeFEDERAL-MOGUL s.a.
28/01/1994
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Trico Belgium

Overview

What does Trico Belgium do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline