Equity
€1,386 from €255,448 in 2021
Equity fell by 99% in 4 years.
TROCA-LUX
Lifetime
20 annual accounts with figures on one time axis, 42 filings since 1984peak €327,045 (2021)
-€1,645▲ €39,167
lowest -€48,988 (2024)
-€7,030▲ €41,958
peak €255,448 (2021)
€1,386▼ 83.5%
€126,362▲ 1.8%
Board4 names since 2019
1 directorSmet Company
Owners
100%Smet Company
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from -€40,813 to -€1,645Loss of €7,030Equity from €8,416 to €1,386Cash from €1,080 to €27,943
Key points
from the 2025 annual accountsLosses
-€56,018 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€126,362 99% of the balance sheet
Financial debts 51%Suppliers 28%Taxes and wages 7%Other 14%
Of this, €61,862 falls due within a year.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 19% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +1.4 percentage points vs 07-2025
09-2025: 1.7%● unchanged vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.6%▼ -0.1 percentage points vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.6%▼ -0.1 percentage points vs 05-2026
07-2026: 1.8%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 0.6%▼ -1.2 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Sector: Specialised construction activities (NACE 43)
Equity €1,386 (1.1% of total assets)
lowers risk
Founded in 1983
Size: total assets €127,747
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 9% of them on solvency, 49% on liquidity, 12% on profitability and 5% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 974 companies had the same profile as TROCA-LUX has now. Each dot stands for 3 companies, two years later.
92.9%
were still trading
4.4%
stopped another way
2.3%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TROCA-LUX itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 974 companies, not a prediction for TROCA-LUX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.4 (1.14 in 2024), below the usual 1.5. Short-term debt is 48.4% and cash 21.9% of total assets. 98.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,030
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 35156 sector peers (2025).
NBB · sector comparisonPosition among 35156 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
13 days early
2023
134 days early
2022
56 days early
2021
137 days early
2020
87 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 69 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (4 of the last 5 accounts filed within 77 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Smet Company 100%score 69equity €156,425 (2025) · 30-06-2025 annual accounts of Smet Company
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0423976112
New director
SMET COMPANY appointed, Thibault Smet resigned · Permanent representative: Thibault Smet · “Het vervaardigen van PVC ramen, - deuren, - veranda’s, enz; Het vervaardigen van allerhande PVC constructies…” (deed in Dutch) · General meeting of 29-08-2023 · Gazette deed
Resignation: Joannes Vandeweghe (director)
Appointment: Thibault SMET (director) · Smet Company holds all the shares · Director discharge: Joannes Vandeweghe · General meeting of 12-06-2023 · Gazette deed
Resignation: Patrick Lammens (manager)
Director discharge: Patrick Lammens · General meeting of 14 02 2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TROCA-LUX Merelbeke-Melle | €127,747 | -€1,645 | 1.1% | - |
| Ott & Peter Stekene | €137,412 | -€1,613 | 97.7% | - |
| STRAET et CORMAN Baelen | €142,348 | -€2,063 | 88.0% | - |
| SOETAERT GEBROEDERS B.V.B.A. Waregem | €140,752 | -€5,527 | 31.6% | - |
| F. BRUNET CREATIONS Yvoir | €132,184 | €0 | 79.4% | - |
| Slegers Erwin Mol | €147,975 | -€5,958 | 25.9% | - |
| HEBU Peer | €153,188 | -€28,779 | 15.7% | - |
These companies have the same main activity as TROCA-LUX: joinery installation (NACE 43320). They are comparable in size and age: total assets between €132,000 and €153,000, founded between 1978 and 1989.
Official details
Source: KBO- Status
- Active since 03-10-1983Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.023.074.6599820 Merelbeke-Melle, since 19-10-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 02-07-2024
Annual accounts 2025
- €127,747▼ 3.6%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on TROCA-LUX
TROCA-LUX files the micro format. That format states no turnover. The gross margin fell from €61,313 in 2006 to -€1,645 in 2025.
Smet Company holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TROCA-LUX
- What is the company number of TROCA-LUX?
- The company number of TROCA-LUX is 0423.976.112. The VAT number is the same number with BE in front: BE 0423.976.112.
- Where is TROCA-LUX based?
- The registered office is at Hundelgemsesteenweg 633, 9820 Merelbeke-Melle.Company details
- What does TROCA-LUX do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of TROCA-LUX?
- TROCA-LUX is a private limited company (BV).
- When was TROCA-LUX founded?
- TROCA-LUX was founded on 03-10-1983.
- Is TROCA-LUX still active?
- Yes, TROCA-LUX is an active enterprise in the KBO register.
- What is the turnover of TROCA-LUX?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is TROCA-LUX profitable?
- In financial year 2025, TROCA-LUX made a loss of €7,030.
- Where can I find the annual accounts of TROCA-LUX?
- TROCA-LUX filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TROCA-LUX due?
- TROCA-LUX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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