De Troef
ActiveSummary
De Troef has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.7m and a net result of €44,825. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 62% of 617 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-9
Solvency93▼-1
Growth46▲+14
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 2.5 in 2023; short-term debt: 19.6% and cash: 4.8% of total assets), and 31.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.2%
Return on assets
0.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
7 d late
2022
71 d late
2021
4 d early
2020
45 d early
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by equity in Oud-Turnhout, Health and social work sector#2 employer in Oud-Turnhout#2 fastest grower in Oud-Turnhout
Turnover
€2.7m▲ 5.0%
2023 · €2.5m
EBIT margin
2.6%▼ 4.8pp
2023 · 7.4%
Net result
€44,825▼ 72.9%
2023 · €165,434
Working capital
€871,904▼ 20.4%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.8m▼ 18.1%€2.1m▲ 14.6%€2.2m▲ 6.8%€2.5m▲ 13.6%€2.7m▲ 5.0%
Operating result€30,882▼ 85.6%-€102,740€237,774€188,213▼ 20.8%€69,753▼ 62.9%
Net result-€8,598-€344,723▼ 3,909%€205,474€165,434▼ 19.5%€44,825▼ 72.9%
EBIT margin1.7%▼ 7.9pp-4.9%▼ 6.6pp10.6%▲ 15.6pp7.4%▼ 3.2pp2.6%▼ 4.8pp
Equity€3.6m▼ 0.2%€3.3m▼ 9.5%€3.5m▲ 6.3%€3.6m▲ 4.8%€3.7m▲ 1.2%
Total assets€6.4m▲ 12.4%€5.4m▼ 14.2%€5.4m▼ 0.1%€5.3m▼ 3.5%€5.4m▲ 2.8%
Debt€2.5m▲ 39.0%€2.0m▼ 21.6%€2.0m▼ 0.4%€1.6m▼ 18.0%€1.7m▲ 6.3%
Working capital€1.9m▼ 9.0%€1.5m▼ 21.2%€1.4m▼ 10.2%€1.1m▼ 20.4%€871,904▼ 20.4%
Staff (FTE)54.6▲ 4.4%57.4▲ 5.1%54.1▼ 5.7%67.2▲ 24.2%81.1▲ 20.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.4m
Fixed assets
€3.5m ▲ 1.2%
Current assets
€1.9m ▲ 5.9%
Equity and liabilities €5.4m
Equity
€3.7m ▲ 1.2%
Debt
€1.7m ▲ 6.3%
Debt's share of the balance-sheet total rises from 30.8% to 31.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€334,739▼
2023 · €462,688
Cash flow
€309,811▼
2023 · €439,909
Current ratio
1.82▼
2023 · 2.50
Quick ratio
1.78▼
2023 · 2.46
Debt to equity
0.47▲
2023 · 0.44
ROE
1.2%▼
2023 · 4.5%
ROA
0.8%▼
2023 · 3.1%
Interest coverage
17.49▼
2023 · 19.32
Debt ≤ 1 year
€1.1m▲
2023 · €728,341
Debt > 1 year
€661,058▼
2023 · €869,726
Income taxes
€364▲
2023 · €294
Staff costs
€2.8m▲
2023 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,832 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,832 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €3.2m | €3.7m | €4.0m | €4.4m | ▲ 9.9% |
| Turnover70 | €1.8m | €2.1m | €2.2m | €2.5m | €2.7m | ▲ 5.0% |
| Other operating income74 | - | €1.1m | €104,302 | €83,340 | €70,197 | ▼ 15.8% |
| Non-recurring operating income76A | - | - | €200,987 | - | - | - |
| Operating charges60/66A | - | €3.3m | €3.5m | €3.8m | €4.3m | ▲ 13.5% |
| Goods for resale, raw materials and consumables60 | - | €467,425 | €379,814 | €320,151 | €478,595 | ▲ 49.5% |
| Purchases600/8 | - | €469,425 | €385,564 | €340,659 | €494,539 | ▲ 45.2% |
| Change in stocks: decrease (increase)609 | - | -€2,000 | -€5,750 | -€20,508 | -€15,944 | ▲ 22.3% |
| Services and other goods61 | - | €630,926 | €655,446 | €658,472 | €738,473 | ▲ 12.1% |
| Remuneration, social security and pensions62 | - | €1.6m | €2.1m | €2.6m | €2.8m | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €231,909 | €263,122 | €251,117 | €274,475 | €264,986 | ▼ 3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €106,027 | -€93,168 | -€5,635 | ▲ 94.0% |
| Other operating charges640/8 | - | €338,082 | €17,664 | €16,553 | €33,647 | ▲ 103% |
| Operating profit (loss)9901 | €30,882 | -€102,740 | €237,774 | €188,213 | €69,753 | ▼ 62.9% |
| Financial income75/76B | - | €30 | €2,560 | €4,423 | €937 | ▼ 78.8% |
| Recurring financial income75 | - | €30 | €2,560 | €4,423 | €937 | ▼ 78.8% |
| Income from financial fixed assets750 | - | - | €3 | €4 | €6 | ▲ 57.7% |
| Income from current assets751 | - | - | €2,395 | €24 | €456 | ▲ 1,779% |
| Other financial income752/9 | - | €30 | €162 | €4,395 | €476 | ▼ 89.2% |
| Financial charges65/66B | - | €238,249 | €34,328 | €26,907 | €25,501 | ▼ 5.2% |
| Recurring financial charges65 | €39,480 | €238,249 | €34,328 | €26,907 | €25,501 | ▼ 5.2% |
| Debt charges650 | €39,480 | €34,323 | €28,969 | €23,943 | €19,139 | ▼ 20.1% |
| Other financial charges652/9 | - | €203,926 | €5,359 | €2,964 | €6,362 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | -€8,598 | -€340,959 | €206,006 | €165,728 | €45,189 | ▼ 72.7% |
| Income taxes67/77 | - | €3,764 | €531 | €294 | €364 | ▲ 23.9% |
| Taxes670/3 | - | €3,764 | €531 | €294 | €364 | ▲ 23.9% |
| Profit (loss) for the period9904 | -€8,598 | -€344,723 | €205,474 | €165,434 | €44,825 | ▼ 72.9% |
| Profit (loss) for the period to be appropriated9905 | -€8,598 | -€344,723 | €205,474 | €165,434 | €44,825 | ▼ 72.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.4m | €5.4m | €5.4m | €5.3m | €5.4m | ▲ 2.8% |
| Formation expenses20 | €630 | - | - | - | - | - |
| Fixed assets21/28 | €3.5m | €3.3m | €3.2m | €3.4m | €3.5m | ▲ 1.2% |
| Intangible fixed assets21 | - | - | - | - | €1,263 | - |
| Tangible fixed assets22/27 | €3.1m | €2.9m | €2.8m | €2.7m | €2.8m | ▲ 2.2% |
| Land and buildings22 | - | €2.6m | €2.5m | €2.3m | €2.2m | ▼ 6.0% |
| Plant, machinery and equipment23 | - | €147,558 | €178,510 | €137,748 | €130,066 | ▼ 5.6% |
| Furniture and vehicles24 | - | €117,722 | €123,354 | €205,507 | €148,144 | ▼ 27.9% |
| Assets under construction and advance payments27 | - | - | - | €7,301 | €271,657 | ▲ 3,621% |
| Financial fixed assets28 | €436,776 | €436,003 | €435,003 | €731,695 | €711,479 | ▼ 2.8% |
| Affiliated companies280/1 | - | €422,091 | €422,091 | €720,234 | €705,384 | ▼ 2.1% |
| Participating interests280 | - | €422,091 | €422,091 | €720,234 | €705,384 | ▼ 2.1% |
| Other financial fixed assets284/8 | - | €13,912 | €12,912 | €11,461 | €6,096 | ▼ 46.8% |
| Amounts receivable and cash guarantees285/8 | - | €13,912 | €12,912 | €11,461 | €6,096 | ▼ 46.8% |
| Current assets29/58 | €2.8m | €2.2m | €2.2m | €1.8m | €1.9m | ▲ 5.9% |
| Stocks and contracts in progress3 | - | €2,000 | €7,750 | €28,258 | €44,202 | ▲ 56.4% |
| Stocks30/36 | - | €2,000 | €7,750 | €28,258 | €44,202 | ▲ 56.4% |
| Goods purchased for resale34 | - | €2,000 | €7,750 | €28,258 | €44,202 | ▲ 56.4% |
| Amounts receivable within one year40/41 | €2.6m | €1.8m | €1.7m | €1.5m | €1.5m | ▼ 0.7% |
| Trade receivables40 | - | €507,793 | €464,310 | €487,100 | €413,597 | ▼ 15.1% |
| Other amounts receivable41 | - | €1.3m | €1.3m | €1.0m | €1.1m | ▲ 6.1% |
| Current investments50/53 | €250 | €250 | €250 | €250 | €250 | = |
| Cash at bank and in hand54/58 | €228,779 | €347,468 | €484,332 | €207,179 | €258,439 | ▲ 24.7% |
| Deferred charges and accrued income490/1 | - | - | €17,037 | €68,271 | €118,138 | ▲ 73.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.4m | €5.4m | €5.4m | €5.3m | €5.4m | ▲ 2.8% |
| Equity10/15 | €3.6m | €3.3m | €3.5m | €3.6m | €3.7m | ▲ 1.2% |
| Profit (loss) carried forward14 | €3.6m | €3.3m | €3.5m | €3.6m | €3.7m | ▲ 1.2% |
| Provisions and deferred taxes16 | €210,987 | €200,987 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €200,987 | - | - | - | - |
| Pensions and similar obligations160 | - | €200,987 | - | - | - | - |
| Amounts payable17/49 | €2.5m | €2.0m | €2.0m | €1.6m | €1.7m | ▲ 6.3% |
| Amounts payable after more than one year17 | €1.6m | €1.4m | €1.1m | €869,726 | €661,058 | ▼ 24.0% |
| Financial debts170/4 | - | €1.4m | €1.1m | €869,726 | €661,058 | ▼ 24.0% |
| Credit institutions173 | - | €1.4m | €1.1m | €869,726 | €661,058 | ▼ 24.0% |
| Amounts payable within one year42/48 | €881,747 | €619,192 | €867,434 | €728,341 | €1.1m | ▲ 45.3% |
| Current portion of amounts payable after more than one year42 | - | €283,613 | €256,742 | €235,080 | €208,669 | ▼ 11.2% |
| Trade debts44 | €217,484 | €177,095 | €351,684 | €72,538 | €371,823 | ▲ 413% |
| Suppliers440/4 | - | €177,095 | €351,684 | €72,538 | €371,823 | ▲ 413% |
| Taxes, remuneration and social security45 | - | €125,544 | €243,497 | €420,223 | €378,583 | ▼ 9.9% |
| Taxes450/3 | - | €14,266 | €1,726 | €83,237 | €5,526 | ▼ 93.4% |
| Remuneration and social security454/9 | - | €111,278 | €241,771 | €336,986 | €373,056 | ▲ 10.7% |
| Accrued charges and deferred income492/3 | - | - | - | €18,933 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,598 | -€344,723 | €205,474 | €165,434 | €44,825 | ▼ 72.9% |
| + Depreciation and write-downs630 | €231,909 | €263,122 | €251,117 | €274,475 | €264,986 | ▼ 3.5% |
| Operating cash flow (approximation) | €223,311 | -€81,601 | €456,592 | €439,909 | €309,811 | ▼ 29.6% |
| Investment in fixed assets (approximation) | - | -€37,522 | -€154,567 | -€504,548 | -€305,356 | ▲ 39.5% |
| Change in cash | - | €118,689 | €136,864 | -€277,153 | €51,260 | ▲ 118% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
21-09
State Gazette act
General meeting · Share class
Share transfer · Board rule
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Back to profitnet €205,474
Net result €205,474 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€344,723
Net result drops to -€344,723, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oud-Turnhout · 3 establishment units since 2006
Ground area
6,532 m²
Building footprint
1,897 m²
Volume, LiDAR
17,773 m³
3 parcels, Flanders · tallest building 22.3 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
3 establishment units
De Troef
since 20062.155.009.903
FIETSPUNT
since 20232.348.780.764
FIETSPUNT
since 20232.348.781.556
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0781/00B000 | Flanders | 4,591 m² | 1 · 887 m² | 9.3 m · 3 fl. |
| 13454P0137/00Y004 | Flanders | 1,320 m² | 1 · 700 m² | 22.3 m · 3 fl. |
| 13454Q0447/00E000 | Flanders | 622 m² | 1 · 310 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 4,759,538 EUR awarded · 4,759,537 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,368,518 EUR | 1,368,518 EUR |
| 2024 | 2 | 1,322,427 EUR | 1,322,427 EUR |
| 2023 | 4 | 1,229,453 EUR | 1,240,201 EUR |
| 2022 | 2 | 839,140 EUR | 828,391 EUR |
Recognitions · licences · registrations
Recognised contractor
8 categoriesDe Troef VZW32596
Recognised sheltered-work company
1 live approvalRecognised sheltered-work company
Quality registration as a provider
1 live approvalQuality registration as a provider
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Of 283 companies in sector 88993 we hold annual accounts for 246. 206 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded23-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
88993Social work activities without accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469045082
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.