ACTIVE

TRIANGLE

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Financial year 2025 · closed on 31/12/2025

Net result

112,2 k €

+6.0% YoY

Gross margin

144,3 k €

+2.0% YoY

Equity

1,2 M €

+10.0% YoY

What does TRIANGLE do?

TRIANGLE is a Public limited company incorporated in 2004. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.078.023

Incorporation

19/11/2004

Legal form

Public limited company

Registered office

Latemstraat 171
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

123 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	144,3 k €	+2.0%	141,4 k €	+4.4%	135,5 k €	+7.5%	126,1 k €	+6.5%	118,3 k €	+70.6%	69,4 k €	-0.7%	69,9 k €	-0.0%	69,9 k €	-0.5%	70,2 k €	-0.0%	70,3 k €	-0.0%	70,3 k €	+0.2%	70,1 k €	-0.2%	70,3 k €	+65.0%	42,6 k €	+1420%	-3,2 k €	-40.0%	-2,3 k €	+2.9%	-2,4 k €	-166%	-893,0 €
EBITDA	144,1 k €	+2.1%	141,2 k €	+4.4%	135,2 k €	+7.5%	125,8 k €	+6.3%	118,3 k €	+78.0%	66,5 k €	-0.8%	67,0 k €	+0.3%	66,9 k €	-0.5%	67,2 k €	-0.0%	67,2 k €	-0.1%	67,3 k €	-3.8%	70,0 k €	-0.2%	70,2 k €	+65.0%	42,5 k €	+1284%	-3,6 k €	-35.4%	-2,7 k €	-11.4%	-2,4 k €	-89.7%	-1,3 k €
Operating result	144,1 k €	+2.1%	141,2 k €	+4.4%	135,2 k €	+7.5%	125,8 k €	+6.3%	118,3 k €	+78.0%	66,5 k €	-0.8%	67,0 k €	+0.3%	66,9 k €	-0.5%	67,2 k €	-0.0%	67,2 k €	-0.1%	67,3 k €	-3.8%	70,0 k €	-0.2%	70,2 k €	+65.0%	42,5 k €	+1284%	-3,6 k €	-35.4%	-2,7 k €	-11.4%	-2,4 k €	-89.7%	-1,3 k €
Net result	112,2 k €	+6.0%	105,8 k €	+4.4%	101,3 k €	+8.3%	93,5 k €	+8.0%	86,6 k €	+104%	42,5 k €	+8.1%	39,3 k €	+2.3%	38,4 k €	+1.8%	37,7 k €	+2.9%	36,7 k €	+3.7%	35,3 k €	-6.8%	37,9 k €	-25.8%	51,1 k €	+87.0%	27,3 k €	+331%	-11,8 k €	+39.0%	-19,3 k €	-7.0%	-18,1 k €	-22.3%	-14,8 k €
Balance sheet
Equity	1,2 M €	+10.0%	1,1 M €	+10.5%	1,0 M €	+11.1%	909,3 k €	+11.5%	815,8 k €	+151%	325,2 k €	+15.0%	282,7 k €	+16.2%	243,4 k €	+18.7%	205,0 k €	+22.6%	167,2 k €	+28.1%	130,6 k €	+37.1%	95,2 k €	+66.2%	57,3 k €	+819%	6,2 k €	+130%	-21,1 k €	-127%	-9,3 k €	-192%	10,1 k €	-64.2%	28,1 k €
Total assets	1,3 M €	+10.9%	1,1 M €	+11.2%	1,0 M €	+11.4%	915,9 k €	-9.9%	1,0 M €	+101%	504,8 k €	-3.0%	520,3 k €	+3.6%	502,3 k €	-1.3%	509,2 k €	+1.4%	502,0 k €	-0.1%	502,3 k €	-2.6%	515,9 k €	+1.3%	509,2 k €	+0.5%	506,5 k €	+2.4%	494,4 k €	-0.4%	496,3 k €	-0.5%	498,6 k €	+0.9%	494,1 k €
Cash	93,6 k €	-66.0%	275,3 k €	+77.9%	154,8 k €	+202%	51,2 k €	-66.4%	152,2 k €	+1307%	10,8 k €	-46.7%	20,3 k €	+145%	8,3 k €	-45.2%	15,1 k €	+89.3%	8,0 k €	-3.6%	8,3 k €	-62.0%	21,8 k €	+44.0%	15,2 k €	+133%	6,5 k €	+1547%	395,0 €	+92.7%	205,0 €	-95.5%	4,6 k €	+6915%	65,0 €
Debts	29,8 k €	+63.7%	18,2 k €	+94.8%	9,4 k €	+41.9%	6,6 k €	-96.7%	201,1 k €	+11.9%	179,6 k €	-24.4%	237,6 k €	-7.2%	255,9 k €	-15.0%	301,2 k €	-10.0%	334,8 k €	-9.9%	371,7 k €	-11.6%	420,6 k €	-6.9%	451,9 k €	-9.7%	500,3 k €	-2.2%	511,8 k €	+1.7%	503,2 k €	+13.5%	443,5 k €	+1.4%	437,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 19 ended

Active mandates

NICDO

Managing director · since 21 août 2019 · until 01 juin 2026 · 0473.107.008

Represented by Dochy Nicholas

Active

Ended mandates

NICDO

Managing director · since 21 août 2019 · until 01 juin 2026 · 0473.107.008

Represented by Dochy NICHOLAS

Ended

NICDO

Managing director · since 31 juillet 2019 · until 31 juillet 2026 · 0473.107.008

Represented by Dochy ALEXANDER

Ended

NICDO

Managing director · since 06 septembre 2017 · until 06 juin 2022 · 0473.107.008

Represented by Maxime Dochy

Ended

HYco

Director · since 06 juin 2016 · until 06 juin 2022 · 0446.899.685

Represented by Dochy Alexander

Ended

At this address

Other companies at this address

Company	CBE no.
CAM-unity● Active	0723.877.148
HYco● Active	0446.899.685
JoPaVa● Active	0641.752.988
NICDO● Active	0473.107.008
Paradise● Active	1007.325.303
P.L.S.'97● Active	0461.444.539
Trinity● Active	1017.702.917
"VERENIGING VAN MEDE-EIGENAARS VAN DE RESIDENTIE RYDER CUP, TE 9830 SINT-MARTENS-LATEM, LATEMSTRAAT 171"● Active	0890.504.045

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	01/07/2026	30/06/2025	03/06/2024	23/06/2023	28/06/2022	18/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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	01/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	03/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	18/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	15/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	11/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	10/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	05/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	08/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 19 ended

Active mandates

NICDO

Managing director · since 21 août 2019 · until 01 juin 2026 · 0473.107.008

Represented by Dochy Nicholas

Active

Ended mandates

NICDO

Managing director · since 21 août 2019 · until 01 juin 2026 · 0473.107.008

Represented by Dochy NICHOLAS

Ended

NICDO

Managing director · since 31 juillet 2019 · until 31 juillet 2026 · 0473.107.008

Represented by Dochy ALEXANDER

Ended

NICDO

Managing director · since 06 septembre 2017 · until 06 juin 2022 · 0473.107.008

Represented by Maxime Dochy

Ended

HYco

Director · since 06 juin 2016 · until 06 juin 2022 · 0446.899.685

Represented by Dochy Alexander

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/10/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/06/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office28/09/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2010
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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 2025112,2 k €↑
2024
Annual accounts 2024105,8 k €↑
2023
Annual accounts 2023101,3 k €↑
2022
Annual accounts 202293,5 k €↑
2021
Annual accounts 202186,6 k €↑
2018
Annual accounts 201842,5 k €↑
2017
Annual accounts 201739,3 k €↑
2016
Annual accounts 201638,4 k €↑
2015
Annual accounts 201537,7 k €↑
2014
Annual accounts 201436,7 k €↑
2013
Annual accounts 201335,3 k €↓
2012
Annual accounts 201237,9 k €↓
2011
Annual accounts 201151,1 k €↑
2010
Annual accounts 201027,3 k €↑
2009
Annual accounts 2009-11,8 k €↑
2008
Annual accounts 2008-19,3 k €↓
2007
Annual accounts 2007-18,1 k €↓
2006
Annual accounts 2006-14,8 k €
19/11/2004
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

TRIANGLE

Overview

What does TRIANGLE do?

Trend over 18 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