ACTIVE

TRX

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Financial year 2025 · closed on 31/12/2025

Net result

-106,4 k €

-124.6% YoY

Gross margin

1,6 M €

-16.9% YoY

Equity

978 k €

-11.4% YoY

Workforce

20,6 ETP

-3.3% YoY

What does TRX do?

TRX is a Non-profit organization incorporated in 2004. Its main activity is: Support activities to performing arts. Its registered office is in Antwerpen. It employs on average 20,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.995.034

Incorporation

11/03/2004

Legal form

Non-profit organization

Registered office

Noordersingel 28
2140 Antwerpen · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

20,6 ETP

Activities (NACE)

90023Support activities to performing arts· main 90393Creative, arts and entertainment activities 94999Activities of other membership organisations n.e.c.94999Activities of other membership organisations n.e.c.

Joint committees (1)

32901

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,6 M €	-16.9%	2 M €	+34.4%	1,5 M €	+20.7%	1,2 M €	+48.6%	818,3 k €	-10.2%	911,1 k €	-18.0%	1,1 M €	+8.2%	1 M €	-4.2%	1,1 M €	+23.2%	869,7 k €	-5.5%	920,2 k €	+5.2%	874,6 k €	-4.7%	918 k €	+11.6%	823 k €	+18.0%	697,7 k €	+34.9%	517,2 k €	+12.3%	460,6 k €	+37.6%	334,8 k €	-12.5%	382,5 k €
EBITDA	46,3 k €	-91.9%	570,7 k €	+311%	138,9 k €	+30.2%	106,7 k €	+1086%	-10,8 k €	-105%	237,7 k €	+64.6%	144,4 k €	-0.2%	144,7 k €	-43.0%	254,1 k €	+406%	50,2 k €	-60.8%	128,3 k €	+20.0%	107 k €	+69.7%	63 k €	-9.0%	69,3 k €	-61.1%	177,9 k €	+225%	54,7 k €	-14.6%	64,1 k €	+423%	12,2 k €	-89.2%	113,7 k €
Operating result	-81,7 k €	-118%	461,6 k €	+1271%	33,7 k €	+232%	10,1 k €	+110%	-97,6 k €	-166%	147,8 k €	+157%	57,5 k €	-22.3%	74,1 k €	-59.1%	181,1 k €	+839%	-24,5 k €	-146%	53,2 k €	+28.0%	41,6 k €	+861%	-5,5 k €	-145%	12,2 k €	-88.6%	106,8 k €	+1050%	-11,2 k €	-40.8%	-8 k €	+84.3%	-50,8 k €	-277%	28,6 k €
Net result	-106,4 k €	-125%	432,9 k €	+4847%	8,8 k €	+174%	-11,9 k €	+89.4%	-112,3 k €	-178%	144,1 k €	+161%	55,3 k €	-29.5%	78,4 k €	-52.4%	164,6 k €	+493%	-41,9 k €	-156%	74,7 k €	+55.7%	48 k €	+560%	-10,4 k €	-1545%	-633,9 €	-101%	74,6 k €	+587%	-15,3 k €	+13.5%	-17,7 k €	+68.5%	-56,1 k €	-291%	29,3 k €
Balance sheet
Equity	978 k €	-11.4%	1,1 M €	+105%	538 k €	+11.4%	483 k €	-4.0%	503 k €	-19.9%	628,3 k €	+26.4%	497,2 k €	+9.3%	455 k €	+16.8%	389,5 k €	+63.7%	237,9 k €	-4.6%	249,5 k €	+43.6%	173,8 k €	+29.9%	133,8 k €	-12.1%	152,3 k €	+94.4%	78,3 k €	+416%	15,2 k €	-63.7%	41,9 k €	+17.1%	35,8 k €	-61.1%	91,9 k €
Total assets	2,5 M €	+8.4%	2,3 M €	+28.8%	1,8 M €	+9.8%	1,6 M €	-19.3%	2 M €	+37.8%	1,4 M €	+51.3%	957 k €	+33.1%	719,1 k €	-33.4%	1,1 M €	+50.1%	719,3 k €	-4.9%	756,1 k €	+4.7%	721,9 k €	-3.0%	744,5 k €	+11.9%	665,1 k €	-10.3%	741,7 k €	+21.3%	611,7 k €	+80.6%	338,7 k €	+73.7%	195 k €	-16.7%	234,1 k €
Cash	1,4 M €	-2.1%	1,4 M €	+33.2%	1,1 M €	+21.8%	878,4 k €	-34.1%	1,3 M €	+39.5%	955 k €	+95.0%	489,8 k €	+45.6%	336,3 k €	-46.7%	630,8 k €	+185%	221,5 k €	-24.8%	294,4 k €	+170%	109,1 k €	-41.5%	186,5 k €	+50.4%	124 k €	+10.8%	112 k €	-43.1%	196,8 k €	+481%	33,9 k €	+184%	11,9 k €	-75.9%	49,5 k €
Debts	1,4 M €	+26.5%	1,1 M €	-2.3%	1,2 M €	+3.7%	1,1 M €	-22.9%	1,5 M €	+93.4%	755,4 k €	+71.9%	439,5 k €	+77.3%	247,8 k €	-64.1%	690,2 k €	+43.4%	481,4 k €	+1.9%	472,4 k €	-12.3%	538,7 k €	-11.2%	606,5 k €	+19.8%	506,1 k €	+11.8%	452,7 k €	-4.5%	473,9 k €	+71.9%	275,7 k €	+73.2%	159,2 k €	+15.2%	138,2 k €
Other
Workforce	20,6 ETP	-3.3%	21,3 ETP	+6.5%	20,0 ETP	+9.3%	18,3 ETP	+8.9%	16,8 ETP	0.0%	16,8 ETP	+8.4%	15,5 ETP	-0.6%	15,6 ETP	+3.3%	15,1 ETP	-1.3%	15,3 ETP	+7.0%	14,3 ETP	-4.0%	14,9 ETP	-10.2%	16,6 ETP	+1.2%	16,4 ETP	+40.2%	11,7 ETP	+18.2%	9,9 ETP	+19.3%	8,3 ETP	+6.4%	7,8 ETP	-7.1%	8,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 47 ended

Active mandates

Kasper Stuart

Director · since 18 mars 2024

Active

Margot Hermans

Director · since 18 mars 2024

Active

Tessa Joris

Director · since 18 mars 2024

Active

Bart Van Put

Director · since 18 mars 2021

Active

Hendrik De Rycker

Director · since 18 mars 2021

Active

Matthias Dillen

Director · since 18 mars 2021

Active

Youniss Ahamad

Director · since 18 mars 2021

Active

Ended mandates

Ann Kermans

Chairman of the board of directors · since 18 mars 2021 · until 17 mars 2025

Ended

Bart Van Put

Director · since 18 mars 2021 · until 17 mars 2025

Ended

Hendrik De Rycker

Director · since 18 mars 2021 · until 17 mars 2025

Ended

Katrien Goossens

Director · since 18 mars 2021 · until 17 mars 2025

Ended

At this address

Other companies at this address

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All Night Long● Active	0778.888.521
Better Together● Active	0800.378.078
PINKY SWEAR● Active	0712.521.121

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	24/04/2026	25/04/2025	12/04/2024	03/07/2023	03/06/2022	28/05/2021
General meeting	30/03/2026	31/03/2025	18/03/2024	21/03/2023	29/03/2022	18/03/2021
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
Abridged model	31/12/2025	30/03/2026	24/04/2026	Dutch	PDF
Abridged model	31/12/2024	31/03/2025	25/04/2025	Dutch	PDF
Abridged model	31/12/2023	18/03/2024	12/04/2024	Dutch	PDF
Abridged model	31/12/2022	21/03/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	29/03/2022	03/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/03/2021	28/05/2021	Dutch	PDF
Abridged model	31/12/2019	30/03/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/02/2019	20/05/2019	Dutch	PDF
Abridged model	31/12/2017	27/03/2018	30/03/2018	Dutch	PDF
Abridged model	31/12/2016	28/03/2017	18/04/2017	Dutch	PDF
Abridged model	31/12/2015	16/03/2016	19/04/2016	Dutch	PDF
Abridged model	31/12/2014	17/03/2015	26/05/2015	Dutch	PDF
Abridged model	31/12/2013	27/03/2014	12/05/2014	Dutch	PDF
Abridged model	31/12/2012	18/03/2013	22/04/2013	Dutch	PDF
Abridged model	31/12/2011	21/03/2012	03/04/2012	Dutch	PDF
Abridged model	31/12/2010	17/03/2011	16/05/2011	Dutch	PDF
Abridged model	31/12/2009	16/03/2010	13/04/2010	Dutch	PDF
Abridged model	31/12/2008	16/03/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	11/02/2008	19/05/2008	Dutch	PDF
Abridged model	31/12/2006	21/02/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 7 active · 47 ended

Active mandates

Kasper Stuart

Director · since 18 mars 2024

Active

Margot Hermans

Director · since 18 mars 2024

Active

Tessa Joris

Director · since 18 mars 2024

Active

Bart Van Put

Director · since 18 mars 2021

Active

Hendrik De Rycker

Director · since 18 mars 2021

Active

Matthias Dillen

Director · since 18 mars 2021

Active

Youniss Ahamad

Director · since 18 mars 2021

Active

Ended mandates

Ann Kermans

Chairman of the board of directors · since 18 mars 2021 · until 17 mars 2025

Ended

Bart Van Put

Director · since 18 mars 2021 · until 17 mars 2025

Ended

Hendrik De Rycker

Director · since 18 mars 2021 · until 17 mars 2025

Ended

Katrien Goossens

Director · since 18 mars 2021 · until 17 mars 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/07/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/08/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2014
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 2025-106,4 k €↓
2024
Annual accounts 2024432,9 k €↑
2023
Annual accounts 20238,8 k €↑
2022
Annual accounts 2022-11,9 k €↑
2021
Annual accounts 2021-112,3 k €↓
2020
Annual accounts 2020144,1 k €↑
2019
Annual accounts 201955,3 k €↓
2018
Annual accounts 201878,4 k €↓
2017
Annual accounts 2017164,6 k €↑
2016
Annual accounts 2016-41,9 k €↓
2015
Annual accounts 201574,7 k €↑
2014
Annual accounts 201448 k €↑
2013
Annual accounts 2013-10,4 k €↓
2012
Annual accounts 2012-633,9 €↓
2011
Annual accounts 201174,6 k €↑
2010
Annual accounts 2010-15,3 k €↑
2009
Annual accounts 2009-17,7 k €↑
2008
Annual accounts 2008-56,1 k €↓
2007
Annual accounts 200729,3 k €
11/03/2004
IncorporationNon-profit organization

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

TRX

Overview

What does TRX do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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