Summary
Trofee has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €129,556 and a net result of -€2,158. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 17% of 10,760 sector peers (NACE 70, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Turnover
≈ €91,000
Estimated: probably between €56,000 and €130,000
Total assets
€1.1m▼ 2.0%
2024 · €1.1m
Net result
-€2,158
2024 · €16,638
Working capital
-€837,271
2024 · €15,683
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 87% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.004m
2025
Net result-€0.002m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.1m
2025
Equity€0.1m
2025
Debt€1.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency11.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.05
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.04m-€0.02m▼ 52.9%€0.009m▼ 55.0%€0.05m▲ 488%€0.06m▲ 7.2%€0.03m▼ 45.9%€0.004m▼ 87.3%
Net result€0.02m-€0.004mwithin the sector's middle half▼ 79.0%€0.002mbelow the sector's middle half▼ 57.6%€0.03mwithin the sector's middle half▲ 20×€0.03mwithin the sector's middle half▼ 0.2%€0.02mwithin the sector's middle half▼ 49.1%-€0.002mbelow the sector's middle half
Equity€0.04m-€0.05mbelow the sector's middle half▲ 8.8%€0.05mbelow the sector's middle half▲ 3.4%€0.08mbelow the sector's middle half▲ 66.0%€0.1mwithin the sector's middle half▲ 39.7%€0.1mwithin the sector's middle half▲ 14.5%€0.1mwithin the sector's middle half▼ 1.6%
Total assets€0.3m-€0.3mbelow the sector's middle half▼ 2.0%€0.2mbelow the sector's middle half▼ 9.0%€0.3mbelow the sector's middle half▲ 4.6%€1.1mwithin the sector's middle half▲ 349%€1.1mwithin the sector's middle half▼ 2.7%€1.1mwithin the sector's middle half▼ 2.0%
Debt€0.2m-€0.2m▼ 4.1%€0.2m▼ 11.7%€0.2m▼ 11.1%€1.0m▲ 496%€1.0m▼ 4.7%€1.0m▼ 2.0%
Working capital€0.001m-€0.009mwithin the sector's middle half▲ 929%-€0.001mwithin the sector's middle half€0.02mwithin the sector's middle half-€0.001mwithin the sector's middle half€0.02mwithin the sector's middle half-€0.8mbelow the sector's middle half
Solvency16.1%-17.9%below the sector's middle half▲ 1.8pp20.3%below the sector's middle half▲ 2.4pp32.2%within the sector's middle half▲ 11.9pp10.0%below the sector's middle half▼ 22.2pp11.8%below the sector's middle half▲ 1.8pp11.8%below the sector's middle half=
Current ratio1.02-1.25within the sector's middle half▲ 0.220.95within the sector's middle half▼ 0.301.71within the sector's middle half▲ 0.760.97within the sector's middle half▼ 0.741.61within the sector's middle half▲ 0.640.05below the sector's middle half▼ 1.56
Return on assets (ROA)6.8%-1.4%within the sector's middle half▼ 5.3pp0.7%within the sector's middle half▼ 0.8pp12.8%within the sector's middle half▲ 12.1pp2.9%within the sector's middle half▼ 10.0pp1.5%within the sector's middle half▼ 1.4pp-0.2%below the sector's middle half▼ 1.7pp
Staff (FTE)0.3-
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▼ 2.1%
Current assets
€41,684 ▲ 0.7%
Equity and liabilities €1.1m
Equity
€129,556 ▼ 1.6%
Debt
€963,761 ▼ 2.0%
Debt's share of the balance-sheet total stays at 88.2%.
Key figures and ratios
ROE
-1.7%▼
2024 · 12.6%
Debt ≤ 1 year
€878,956▲
2024 · €25,715
Debt > 1 year
€84,056▼
2024 · €957,553
Income taxes
€2,501▼
2024 · €10,976
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,676 | €17,928 | €17,651 | €19,310 | €24,043 | €27,023 | €28,266 | ▲ 4.6% |
| Other operating charges640/8 | - | - | €2,955 | €1,947 | €4,892 | €3,076 | €3,035 | ▼ 1.3% |
| Gross operating margin9900 | €67,460 | €38,870 | €29,402 | €72,989 | €84,408 | €60,133 | €35,107 | ▼ 41.6% |
| Operating profit (loss)9901 | €41,471 | €19,537 | €8,796 | €51,732 | €55,474 | €30,034 | €3,805 | ▼ 87.3% |
| Financial income75/76B | - | - | €401 | €503 | €416 | €1,996 | €428 | ▼ 78.6% |
| Recurring financial income75 | €308 | €240 | €401 | €503 | €416 | €1,996 | €428 | ▼ 78.6% |
| Financial charges65/66B | - | - | €4,137 | €3,735 | €4,242 | €4,416 | €3,890 | ▼ 11.9% |
| Recurring financial charges65 | €9,069 | €10,992 | €4,137 | €3,735 | €4,242 | €4,416 | €3,890 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €32,711 | €8,785 | €5,060 | €48,500 | €51,648 | €27,614 | €343 | ▼ 98.8% |
| Income taxes67/77 | €14,130 | €4,891 | €3,410 | €15,748 | €18,951 | €10,976 | €2,501 | ▼ 77.2% |
| Profit (loss) for the period9904 | €18,580 | €3,894 | €1,650 | €32,752 | €32,697 | €16,638 | -€2,158 | - |
| Profit (loss) for the period to be appropriated9905 | €18,580 | €3,894 | €1,650 | €32,752 | €32,697 | €16,638 | -€2,158 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.3m | €0.2m | €0.3m | €1.1m | €1.1m | €1.1m | ▼ 2.0% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €1.1m | €1.1m | €1.1m | ▼ 2.1% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 15.2% |
| Land and buildings22 | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 16.4% |
| Plant, machinery and equipment23 | - | - | €0.005m | €0.009m | €0.007m | €0.005m | €0.006m | ▲ 16.4% |
| Furniture and vehicles24 | - | - | €0.005m | €0 | - | - | - | - |
| Financial fixed assets28 | €0.09m | €0.09m | €0.09m | €0.07m | €0.9m | €0.9m | €0.9m | ▲ 0.1% |
| Current assets29/58 | €0.04m | €0.05m | €0.03m | €0.05m | €0.05m | €0.04m | €0.04m | ▲ 0.7% |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0.01m | €0.03m | €0.01m | €0.009m | €0.01m | ▲ 32.0% |
| Trade receivables40 | - | - | €0.01m | €0.02m | €0.001m | €0.001m | €0.001m | = |
| Other amounts receivable41 | - | - | €0.002m | €0.007m | €0.01m | €0.008m | €0.01m | ▲ 35.7% |
| Cash at bank and in hand54/58 | €0.008m | €0.02m | €0.01m | €0.02m | €0.04m | €0.03m | €0.03m | ▼ 8.1% |
| Deferred charges and accrued income490/1 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 21.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.2m | €0.3m | €1.1m | €1.1m | €1.1m | ▼ 2.0% |
| Equity10/15 | €0.04m | €0.05m | €0.05m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 1.6% |
| Contributions10/11 | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 1.7% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | €0.04m | €0.07m | €0.1m | €0.1m | €0.1m | ▼ 1.7% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.2m | €1.0m | €1.0m | €1.0m | ▼ 2.0% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.2m | €0.1m | €1.0m | €1.0m | €0.08m | ▼ 91.2% |
| Financial debts170/4 | - | - | €0.2m | €0.1m | €1.0m | €1.0m | €0.08m | ▼ 91.2% |
| Amounts payable within one year42/48 | €0.04m | €0.04m | €0.03m | €0.03m | €0.05m | €0.03m | €0.9m | ▲ 34× |
| Current portion of amounts payable after more than one year42 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.9m | ▲ 43× |
| Trade debts44 | €0.004m | €0.01m | €0.005m | €0.002m | €0.001m | €0.002m | €0.002m | ▼ 11.3% |
| Suppliers440/4 | - | - | €0.005m | €0.002m | €0.001m | €0.002m | €0.002m | ▼ 11.3% |
| Taxes, remuneration and social security45 | - | - | €0.005m | €0.007m | €0.03m | €0.003m | €0.004m | ▲ 9.3% |
| Taxes450/3 | - | - | €0.005m | €0.007m | €0.03m | €0.003m | €0.004m | ▲ 9.3% |
| Accrued charges and deferred income492/3 | - | - | - | €261 | €0.002m | €291 | €0.001m | ▲ 158% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,580 | €3,894 | €1,650 | €32,752 | €32,697 | €16,638 | -€2,158 | - |
| + Depreciation and write-downs630 | €17,676 | €17,928 | €17,651 | €19,310 | €24,043 | €27,023 | €28,266 | ▲ 4.6% |
| Operating cash flow (approximation) | €36,256 | €21,821 | €19,301 | €52,062 | €56,740 | €43,661 | €26,108 | ▼ 40.2% |
| Investment in fixed assets (approximation) | - | -€3,318 | -€10,394 | -€11,383 | -€912,338 | -€4,796 | -€6,024 | ▼ 25.6% |
| Change in cash | - | €8,851 | -€4,331 | €4,655 | €19,978 | -€5,700 | -€2,535 | ▲ 55.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00101289 |
| 30-09-2024 | abbreviated format | 31-03-2025 | 2025-00062929 |
| 30-09-2023 | abbreviated format | 29-03-2024 | 2024-00055964 |
| 30-09-2022 | abbreviated format | 31-03-2023 | 2023-00053890 |
| 30-09-2021 | abbreviated format | 20-05-2022 | 2022-20030572 |
| 30-09-2020 | abbreviated format | 30-03-2021 | 2021-08800364 |
| 30-09-2019 | abbreviated format | 09-04-2020 | 2020-08800349 |
| 30-09-2018 | abbreviated format | 29-03-2019 | 2019-08300354 |
| 30-09-2017 | abbreviated format | 30-03-2018 | 2018-08100447 |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-07600343 |
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Of the 82,475 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,350. 42,095 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.