Troef
ActiveSummary
Troef has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.78M and a net result of €657k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 66% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 80 lines
The notes to these accounts (79 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €26.37M | €27.33M | €28.58M | €28.25M | €29.67M | ▲ 5.0% |
| Turnover70 | €25.96M | €26.37M | €28.25M | €27.92M | €29.29M | ▲ 4.9% |
| Other operating income74 | €381k | €387k | €297k | €309k | €350k | ▲ 13.1% |
| Non-recurring operating income76A | €25k | €574k | €33k | €25k | €31k | ▲ 25.1% |
| Operating charges60/66A | €26.88M | €26.94M | €28.73M | €27.45M | €28.98M | ▲ 5.6% |
| Goods for resale, raw materials and consumables60 | €20.67M | €22.00M | €23.08M | €22.70M | €23.61M | ▲ 4.0% |
| Purchases600/8 | €21.24M | €22.50M | €22.88M | €22.61M | €23.57M | ▲ 4.2% |
| Change in stocks: decrease (increase)609 | €-566k | €-494k | €205k | €89k | €36k | ▼ 59.4% |
| Services and other goods61 | €2.94M | €2.65M | €2.66M | €2.58M | €3.02M | ▲ 17.1% |
| Remuneration, social security and pensions62 | €2.04M | €1.39M | €1.42M | €1.45M | €1.52M | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €449k | €647k | €622k | €615k | €627k | ▲ 2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-492 | €-701 | €0 | - | - | - |
| Other operating charges640/8 | €133k | €113k | €94k | €107k | €126k | ▲ 18.1% |
| Non-recurring operating charges66A | €644k | €134k | €857k | €0 | €84k | - |
| Operating profit (loss)9901 | €-510k | €398k | €-154k | €806k | €685k | ▼ 15.0% |
| Financial income75/76B | €258k | €266k | €306k | €282k | €299k | ▲ 6.2% |
| Recurring financial income75 | €258k | €266k | €306k | €282k | €299k | ▲ 6.2% |
| Income from current assets751 | - | - | €9k | €25k | €21k | ▼ 15.6% |
| Other financial income752/9 | €258k | €266k | €297k | €257k | €278k | ▲ 8.3% |
| Financial charges65/66B | €113k | €207k | €207k | €208k | €173k | ▼ 16.7% |
| Recurring financial charges65 | €113k | €207k | €207k | €208k | €173k | ▼ 16.7% |
| Debt charges650 | €101k | €194k | €193k | €193k | €156k | ▼ 19.0% |
| Other financial charges652/9 | €12k | €13k | €14k | €15k | €17k | ▲ 14.4% |
| Profit (loss) for the period before taxes9903 | €-365k | €458k | €-55k | €880k | €811k | ▼ 7.9% |
| Income taxes67/77 | €330 | €121k | €175 | €231k | €154k | ▼ 33.2% |
| Taxes670/3 | €330 | €121k | €175 | €231k | €154k | ▼ 33.2% |
| Profit (loss) for the period9904 | €-365k | €337k | €-55k | €650k | €657k | ▲ 1.1% |
| Profit (loss) for the period to be appropriated9905 | €-365k | €337k | €-55k | €650k | €657k | ▲ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.98M | €20.03M | €19.44M | €19.49M | €17.18M | ▼ 11.9% |
| Fixed assets21/28 | €13.02M | €15.31M | €14.12M | €13.62M | €13.28M | ▼ 2.5% |
| Intangible fixed assets21 | €10k | €10k | €10k | €10k | €10k | = |
| Tangible fixed assets22/27 | €13.01M | €15.30M | €14.11M | €13.61M | €13.27M | ▼ 2.5% |
| Land and buildings22 | €12.89M | €15.20M | €13.91M | €13.45M | €12.85M | ▼ 4.5% |
| Plant, machinery and equipment23 | €31k | €7k | €83k | €79k | €47k | ▼ 41.3% |
| Furniture and vehicles24 | €88k | €89k | €115k | €79k | €165k | ▲ 109% |
| Assets under construction and advance payments27 | - | - | - | - | €209k | - |
| Financial fixed assets28 | €201 | €201 | €201 | €201 | €201 | = |
| Other financial fixed assets284/8 | €201 | €201 | €201 | €201 | €201 | = |
| Amounts receivable and cash guarantees285/8 | €201 | €201 | €201 | €201 | €201 | = |
| Current assets29/58 | €6.96M | €4.72M | €5.32M | €5.87M | €3.90M | ▼ 33.6% |
| Stocks and contracts in progress3 | €2.19M | €2.68M | €2.47M | €2.39M | €2.35M | ▼ 1.5% |
| Stocks30/36 | €2.19M | €2.68M | €2.47M | €2.39M | €2.35M | ▼ 1.5% |
| Goods purchased for resale34 | €2.19M | €2.68M | €2.47M | €2.39M | €2.19M | ▼ 8.2% |
| Advance payments36 | - | - | - | - | €159k | - |
| Amounts receivable within one year40/41 | €1.22M | €907k | €1.21M | €994k | €1.11M | ▲ 11.3% |
| Trade receivables40 | €1.06M | €749k | €1.03M | €738k | €794k | ▲ 7.5% |
| Other amounts receivable41 | €160k | €158k | €184k | €255k | €312k | ▲ 22.2% |
| Current investments50/53 | - | - | €806k | €752k | €0 | ▼ 100% |
| Other investments51/53 | - | - | €806k | €752k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3.52M | €1.11M | €797k | €1.71M | €417k | ▼ 75.5% |
| Deferred charges and accrued income490/1 | €28k | €25k | €32k | €38k | €30k | ▼ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.98M | €20.03M | €19.44M | €19.49M | €17.18M | ▼ 11.9% |
| Equity10/15 | €7.19M | €7.53M | €7.47M | €8.12M | €8.78M | ▲ 8.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €7.13M | €7.47M | €7.41M | €8.06M | €8.72M | ▲ 8.2% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €9k | €9k | €9k | €9k | €9k | = |
| Distributable reserves133 | €7.12M | €7.45M | €7.40M | €8.05M | €8.70M | ▲ 8.2% |
| Amounts payable17/49 | €12.79M | €12.50M | €11.97M | €11.37M | €8.40M | ▼ 26.1% |
| Amounts payable after more than one year17 | €8.34M | €7.85M | €6.35M | €5.34M | €3.36M | ▼ 37.0% |
| Financial debts170/4 | €8.34M | €7.85M | €6.35M | €5.34M | €3.36M | ▼ 37.0% |
| Subordinated loans170 | €120k | €120k | €360k | €360k | €360k | = |
| Other loans174 | €8.22M | €7.73M | €5.99M | €4.98M | €3.00M | ▼ 39.7% |
| Amounts payable within one year42/48 | €4.39M | €4.59M | €5.56M | €5.96M | €5.01M | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | €483k | €483k | €1.75M | €633k | €200k | ▼ 68.4% |
| Trade debts44 | €2.39M | €2.76M | €2.39M | €3.48M | €2.99M | ▼ 14.2% |
| Suppliers440/4 | €2.39M | €2.76M | €2.39M | €3.48M | €2.99M | ▼ 14.2% |
| Advances received on contracts in progress46 | €1.03M | €870k | €1.01M | €1.25M | €1.23M | ▼ 1.2% |
| Taxes, remuneration and social security45 | €490k | €471k | €412k | €602k | €591k | ▼ 1.9% |
| Taxes450/3 | €180k | €291k | €173k | €351k | €326k | ▼ 7.3% |
| Remuneration and social security454/9 | €310k | €180k | €238k | €251k | €265k | ▲ 5.6% |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €57k | €54k | €60k | €67k | €29k | ▼ 57.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-365k | €337k | €-55k | €650k | €657k | ▲ 1.1% |
| + Depreciation and write-downs630 | €449k | €647k | €622k | €615k | €627k | ▲ 2.0% |
| Operating cash flow (approximation) | €84k | €984k | €567k | €1.26M | €1.28M | ▲ 1.5% |
| Investment in fixed assets (approximation) | - | €-2.93M | €564k | €-111k | €-289k | ▼ 161% |
| Change in cash | - | €-2.42M | €-309k | €909k | €-1.29M | ▼ 242% |
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
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0509/00V005 | Flanders | 1.3 ha | 1 · 8,261 m² | 12.4 m · 2 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 39,713 EUR awarded · 39,713 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,652 EUR | 4,652 EUR |
| 2024 | 2 | 7,584 EUR | 7,584 EUR |
| 2023 | 2 | 14,555 EUR | 14,555 EUR |
| 2022 | 2 | 12,922 EUR | 12,922 EUR |
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Identification & contact
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