ACTIVE

Trince

Financial year 2025 · closed on 31/12/2025
Net result
-1,6 M €
+2.7% YoY
Gross margin
-75 k €
+67.9% YoY
Equity
7,2 M €
+106.3% YoY
Workforce
11,2 ETP
+20.4% YoY

What does Trince do?

Trince is a Private limited company incorporated in 2021. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Gent. It employs on average 11,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0774.374.358
Incorporation
21/09/2021
Legal form
Private limited company
Registered office
Ottergemsesteenweg-Zuid 731
9000 Gent · FlandreSee on map
Contributed capital
12 567 271,86 €
Latest accounts
31/12/2025
Average workforce
11,2 ETP
Signals
Solid equityLow riskGood liquidityHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin-75 k €-233,6 k €-397,5 k €-582,5 k €
EBITDA-1,1 M €-1 M €-998,9 k €-841 k €
Operating result-1,8 M €-1,7 M €-1,4 M €-1,1 M €
Net result-1,6 M €-1,6 M €-1,4 M €-1,1 M €
Balance sheet
Equity7,2 M €3,5 M €3,1 M €2,3 M €
Total assets8,7 M €5,9 M €4,4 M €2,5 M €
Cash5,1 M €876,7 k €441,3 k €374,9 k €
Debts592,6 k €550,2 k €484,5 k €237,3 k €
Other
Workforce11,2 ETP9,3 ETP5,6 ETP2,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 10 ended

Active mandates

BACON INVEST

Chairman of the board of directors · since 01 mars 2026 · until 04 juin 2032 · 0773.972.601

Represented by Philip Mathuis

Active
Cassel

Director · since 01 mars 2026 · until 04 juin 2032 · 0463.604.768

Represented by Walter Mastelinck

Active
THEIA INNOVATIONS

Persoon belast met dagelijks bestuur · since 01 mars 2026 · until 04 juin 2032 · 0777.693.639

Represented by Kevin Braeckmans

Active
Novalis II

Director · since 18 décembre 2025 · 0757.877.529

Represented by Jan Van den Berghe

Active
THEIA INNOVATIONS

Director · since 18 décembre 2025 · 0777.693.639

Represented by Kevin Braeckmans

Active
Qbic Venture Partners II

Director · since 24 décembre 2024 · until 04 juin 2027 · 0668.403.244

Represented by Cédric Van Nevel

Active
Philip Mathuis

Director · since 07 juin 2024 · until 18 décembre 2025

Active
Daisy Flamez

Director · since 30 novembre 2021 · until 18 décembre 2025

Active
Patrick Keereman

Director · since 30 novembre 2021 · until 01 mars 2026

Active

Ended mandates

Qbic Venture Partners II

Director · since 24 décembre 2024 · until 04 juin 2027 · 0668.403.244

Represented by Cédric Van Nevel

Ended
Philip Mathuis

Director · since 07 juin 2024 · until 04 juin 2027

Ended
BACON INVEST

Persoon belast met dagelijks bestuur · since 30 novembre 2021 · until 07 juin 2024 · 0773.972.601

Represented by Philip Mathuis

Ended
BACON INVEST

Persoon belast met dagelijks bestuur · since 30 novembre 2021 · until 04 juin 2027 · 0773.972.601

Represented by Philip Mathuis

Ended
At this address

Other companies at this address

CompanyCBE no.
1029.572.054
TOMIKActive
0464.244.077
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202317/09/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months16 months
Filing date19/06/202624/06/202512/06/202414/06/2023
General meeting05/06/202605/06/202507/06/202430/05/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202619/06/2026DutchPDF
Abridged model31/12/202405/06/202524/06/2025DutchPDF
Abridged model31/12/202307/06/202412/06/2024DutchPDF
Abridged model31/12/202230/05/202314/06/2023DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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 · 9 active · 10 ended

Active mandates

BACON INVEST

Chairman of the board of directors · since 01 mars 2026 · until 04 juin 2032 · 0773.972.601

Represented by Philip Mathuis

Active
Cassel

Director · since 01 mars 2026 · until 04 juin 2032 · 0463.604.768

Represented by Walter Mastelinck

Active
THEIA INNOVATIONS

Persoon belast met dagelijks bestuur · since 01 mars 2026 · until 04 juin 2032 · 0777.693.639

Represented by Kevin Braeckmans

Active
Novalis II

Director · since 18 décembre 2025 · 0757.877.529

Represented by Jan Van den Berghe

Active
THEIA INNOVATIONS

Director · since 18 décembre 2025 · 0777.693.639

Represented by Kevin Braeckmans

Active
Qbic Venture Partners II

Director · since 24 décembre 2024 · until 04 juin 2027 · 0668.403.244

Represented by Cédric Van Nevel

Active
Philip Mathuis

Director · since 07 juin 2024 · until 18 décembre 2025

Active
Daisy Flamez

Director · since 30 novembre 2021 · until 18 décembre 2025

Active
Patrick Keereman

Director · since 30 novembre 2021 · until 01 mars 2026

Active

Ended mandates

Qbic Venture Partners II

Director · since 24 décembre 2024 · until 04 juin 2027 · 0668.403.244

Represented by Cédric Van Nevel

Ended
Philip Mathuis

Director · since 07 juin 2024 · until 04 juin 2027

Ended
BACON INVEST

Persoon belast met dagelijks bestuur · since 30 novembre 2021 · until 07 juin 2024 · 0773.972.601

Represented by Philip Mathuis

Ended
BACON INVEST

Persoon belast met dagelijks bestuur · since 30 novembre 2021 · until 04 juin 2027 · 0773.972.601

Represented by Philip Mathuis

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/09/2026
    Ontslagen & benoemingen
    PDF
  • Mandates29/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares21/02/2023
    KAPITAAL - AANDELEN
    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

Timeline

  1. 2025
    Annual accounts 2025-1,6 M €
  2. 2024
    Annual accounts 2024-1,6 M €
  3. 2023
    Annual accounts 2023-1,4 M €
  4. 2022
    Annual accounts 2022-1,1 M €
  5. 21/09/2021
    IncorporationPrivate limited company