KOEKEN TROEF
ActiveSummary
KOEKEN TROEF has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €991k and a net result of €183k. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 1530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+18
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 6.67 against 24.24 in 2024; short-term debt: 12.9% and cash: 37.3% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.1%
Return on assets
16%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €991k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
11 d late
2023
40 d early
2022
36 d late
2021
12 d late
2020
27 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€991k▲ 22.6%
2024 · €809k
2018: €1.43Mhighest in 8 years
2019: €1.42M▼ -0.8% vs 2018
2020: €1.09M▼ -23.6% vs 2019
2021: €972k▼ -10.5% vs 2020
2022: €858k▼ -11.7% vs 2021
2023: €797k▼ -7.1% vs 2022lowest in 8 years
2024: €809k▲ +1.5% vs 2023
2025: €991k▲ +22.6% vs 2024
2018 → 2025
Total assets
€1.14M▲ 36.3%
2024 · €835k
2018: €1.64M
2019: €2.40M▲ +46.3% vs 2018highest in 8 years
2020: €2.10M▼ -12.7% vs 2019
2021: €1.12M▼ -46.8% vs 2020
2022: €899k▼ -19.4% vs 2021
2023: €840k▼ -6.6% vs 2022
2024: €835k▼ -0.5% vs 2023lowest in 8 years
2025: €1.14M▲ +36.3% vs 2024
2018 → 2025
Net result
€183k▲ 1,417%
2024 · €12k
2018: €30k
2019: €-12k▼ -140% vs 2018
2020: €-336k▼ -2743% vs 2019lowest in 8 years
2021: €-114k▲ +66.0% vs 2020
2022: €-114k▲ +0.3% vs 2021
2023: €-61k▲ +46.2% vs 2022
2024: €12k▲ +120% vs 2023
2025: €183k▲ +1417% vs 2024highest in 8 years
2018 → 2025
Working capital
€835k▲ 35.4%
2024 · €616k
2018: €999k
2019: €1.04M▲ +4.2% vs 2018highest in 8 years
2020: €736k▼ -29.2% vs 2019
2021: €671k▼ -8.8% vs 2020
2022: €589k▼ -12.2% vs 2021
2023: €561k▼ -4.8% vs 2022lowest in 8 years
2024: €616k▲ +9.9% vs 2023
2025: €835k▲ +35.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€972k-€858k▼ 11.7%€797k▼ 7.1%€809k▲ 1.5%€991k▲ 22.6%
2021: €972k
2022: €858k▼ -11.7% vs 2021
2023: €797k▼ -7.1% vs 2022lowest in 5 years
2024: €809k▲ +1.5% vs 2023
2025: €991k▲ +22.6% vs 2024highest in 5 years
Operating result€-113k-€-113k▲ 0.2%€-61k▲ 46.4%€12k€183k▲ 1,378%
2021: €-113klowest in 5 years
2022: €-113k▲ +0.2% vs 2021
2023: €-61k▲ +46.4% vs 2022
2024: €12k▲ +120% vs 2023
2025: €183k▲ +1378% vs 2024highest in 5 years
Net result€-114k-€-114k▲ 0.3%€-61k▲ 46.2%€12k€183k▲ 1,417%
2021: €-114klowest in 5 years
2022: €-114k▲ +0.3% vs 2021
2023: €-61k▲ +46.2% vs 2022
2024: €12k▲ +120% vs 2023
2025: €183k▲ +1417% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1,378% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€156k ▼ 18.6%
Current assets
€982k ▲ 52.7%
Equity and liabilities €1.14M
Equity
€991k ▲ 22.6%
Debt
€147k ▲ 455%
Debt's share of the balance-sheet total rises from 3.2% to 12.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€225k▲
2024 · €56k
Cash flow
€225k▲
2024 · €55k
Current ratio
6.67▼
2024 · 24.24
Debt to equity
0.15▲
2024 · 0.03
ROE
18.4%▲
2024 · 1.5%
ROA
16.0%▲
2024 · 1.4%
Interest coverage
457.59▲
2024 · 161.96
Debt ≤ 1 year
€147k▲
2024 · €27k
Income taxes
€367▼
2024 · €440
Staff costs
€20k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€835k€1.14M▲
Fixed assets21/28€192k€156k▼
Tangible fixed assets22/27€192k€156k▼
Plant, machinery and equipment23€175k€136k▼
Furniture and vehicles24€17k€20k▲
Financial fixed assets28€310€310=
Current assets29/58€643k€982k▲
Amounts receivable after more than one year29€2k€2k=
Other amounts receivable291€2k€2k=
Stocks and contracts in progress3€55k-
Contracts in progress37€55k-
Amounts receivable within one year40/41€534k€556k▲
Trade receivables40€249k€276k▲
Other amounts receivable41€285k€280k▼
Cash at bank and in hand54/58€52k€425k▲
Deferred charges and accrued income490/1€96€99▲
Equity and liabilities
Total equity and liabilities10/49€835k€1.14M▲
Equity10/15€809k€991k▲
Contributions10/11€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Profit (loss) carried forward14€699k€881k▲
Amounts payable17/49€27k€147k▲
Amounts payable within one year42/48€27k€147k▲
Trade debts44€14k€142k▲
Suppliers440/4€14k€142k▲
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€6k€6k▼
Remuneration and social security454/9€6k-
Other amounts payable47/48€497-
Income statement
Code20242025
Remuneration, social security and pensions62€43k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€101k€247k▲
Operating profit (loss)9901€12k€183k▲
Financial income75/76B€473€956▲
Recurring financial income75€473€956▲
Financial charges65/66B€344€492▲
Recurring financial charges65€344€492▲
Profit (loss) for the period before taxes9903€12k€183k▲
Income taxes67/77€440€367▼
Profit (loss) for the period9904€12k€183k▲
Profit (loss) for the period to be appropriated9905€12k€183k▲
Appropriation of the result
Profit (loss) to be appropriated9906€699k€881k▲
Profit (loss) brought forward from the previous period14P€687k€699k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €500 | €200 | - | - | - | - |
| Remuneration, social security and pensions62 | €243k | €71k | €13k | €43k | €20k | ▼ 52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k | €46k | €45k | €43k | €43k | ▼ 1.6% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €1k | ▼ 36.6% |
| Gross operating margin9900 | €180k | €5k | €-622 | €101k | €247k | ▲ 145% |
| Operating profit (loss)9901 | €-113k | €-113k | €-61k | €12k | €183k | ▲ 1,378% |
| Financial income75/76B | €27 | €39 | €343 | €473 | €956 | ▲ 102% |
| Recurring financial income75 | €27 | €39 | €343 | €473 | €956 | ▲ 102% |
| Financial charges65/66B | €249 | €197 | €430 | €344 | €492 | ▲ 43.1% |
| Recurring financial charges65 | €249 | €197 | €430 | €344 | €492 | ▲ 43.1% |
| Profit (loss) for the period before taxes9903 | €-114k | €-113k | €-61k | €12k | €183k | ▲ 1,367% |
| Income taxes67/77 | €432 | €312 | €414 | €440 | €367 | ▼ 16.5% |
| Profit (loss) for the period9904 | €-114k | €-114k | €-61k | €12k | €183k | ▲ 1,417% |
| Profit (loss) for the period to be appropriated9905 | €-114k | €-114k | €-61k | €12k | €183k | ▲ 1,417% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €899k | €840k | €835k | €1.14M | ▲ 36.3% |
| Fixed assets21/28 | €304k | €268k | €236k | €192k | €156k | ▼ 18.6% |
| Tangible fixed assets22/27 | €303k | €268k | €235k | €192k | €156k | ▼ 18.6% |
| Plant, machinery and equipment23 | €285k | €250k | €218k | €175k | €136k | ▼ 22.2% |
| Furniture and vehicles24 | €19k | €18k | €17k | €17k | €20k | ▲ 18.9% |
| Financial fixed assets28 | €310 | €310 | €310 | €310 | €310 | = |
| Current assets29/58 | €812k | €631k | €604k | €643k | €982k | ▲ 52.7% |
| Amounts receivable after more than one year29 | - | - | - | €2k | €2k | = |
| Other amounts receivable291 | - | - | - | €2k | €2k | = |
| Stocks and contracts in progress3 | €205k | €55k | €55k | €55k | - | - |
| Contracts in progress37 | €205k | €55k | €55k | €55k | - | - |
| Amounts receivable within one year40/41 | €228k | €315k | €427k | €534k | €556k | ▲ 4.1% |
| Trade receivables40 | €95k | €135k | €212k | €249k | €276k | ▲ 10.8% |
| Other amounts receivable41 | €132k | €180k | €215k | €285k | €280k | ▼ 1.7% |
| Cash at bank and in hand54/58 | €379k | €260k | €122k | €52k | €425k | ▲ 716% |
| Deferred charges and accrued income490/1 | - | - | - | €96 | €99 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €899k | €840k | €835k | €1.14M | ▲ 36.3% |
| Equity10/15 | €972k | €858k | €797k | €809k | €991k | ▲ 22.6% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves not available under the articles1311 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €862k | €748k | €687k | €699k | €881k | ▲ 26.1% |
| Amounts payable17/49 | €144k | €42k | €43k | €27k | €147k | ▲ 455% |
| Amounts payable within one year42/48 | €140k | €42k | €43k | €27k | €147k | ▲ 455% |
| Trade debts44 | €35k | €22k | €17k | €14k | €142k | ▲ 913% |
| Suppliers440/4 | €35k | €22k | €17k | €14k | €142k | ▲ 913% |
| Advances received on contracts in progress46 | €50k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €22k | €863 | €8k | €12k | €6k | ▼ 54.2% |
| Taxes450/3 | €1k | €863 | €6k | €6k | €6k | ▼ 15.1% |
| Remuneration and social security454/9 | €21k | - | €2k | €6k | - | - |
| Other amounts payable47/48 | €34k | €18k | €18k | €497 | - | - |
| Accrued charges and deferred income492/3 | €4k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-114k | €-114k | €-61k | €12k | €183k | ▲ 1,417% |
| + Depreciation and write-downs630 | €49k | €46k | €45k | €43k | €43k | ▼ 1.6% |
| Operating cash flow (approximation) | €-65k | €-68k | €-16k | €55k | €225k | ▲ 307% |
| Investment in fixed assets (approximation) | - | €-10k | €-12k | €0 | €-7k | - |
| Change in cash | - | €-119k | €-138k | €-70k | €373k | ▲ 632% |
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
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €183k ▲1,417%
Operating result €183k, net result €183k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after 5 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 36 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 15.17
Current ratio from 5.78 to 15.17; short-term debt falls from €140k to €42k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 5.78
Current ratio from 1.73 to 5.78; short-term debt falls from €1.01M to €140k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-336k
Net result drops to €-336k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mechelen · 1 establishment unit since 2008
Ground area
291 m²
Building footprint
204 m²
Volume, LiDAR
2,266 m³
Parcel 12025A0662/00X000, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
KOEKEN TROEF
since 20082.175.370.696
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025A0662/00X000 | Flanders | 291 m² | 1 · 204 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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.
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Of 1,057 companies in sector 59120 we hold annual accounts for 450. 193 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
59120Post-production of films, video and television programmes
Scores and ratios are computed by Checked and are not a credit decision.