Equity
-€47,073
Debts exceed assets in financial year 2025.
TROFP
Overview
Lifetime
1 annual account with figurespeak -€46,481 (2025)
-€46,481
lowest -€49,573 (2025)
-€49,573
peak -€47,073 (2025)
-€47,073
€105,702
Board2 names since 2024
2 directorsCHELCAB and 1 other
Documentsfilings and deeds
04-07-202627 days before the deadline
2025abbreviated format
Loss of €49,573First year with figures
Key points
from the 2025 annual accountsDebts
€105,702 180% of the balance sheet
Suppliers 12%Taxes and wages 2%Other 86%
Of this, €105,702 falls due within a year.
Position in the sector
-80.3%
Lower solvency than 95% of companies in real estate. Sector median 30.7% · 11,299 companies.
Turnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 15% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.7%lowest value
05-2025: 0.7%● unchanged vs 04-2025lowest value
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.1 percentage points vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 1.0%▲ +0.1 percentage points vs 10-2025
12-2025: 0.9%▼ -0.1 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026highest value
05-2026: 1.1%● unchanged vs 04-2026highest value
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.0%▼ -0.1 percentage points vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€47,073
Loss of €49,573 (financial year 2025)
lowers risk
Sector: Real estate activities (NACE 68)
Liquidity: current ratio 0.55, cash €20,191
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 68, micro). It does better than 5% of them on solvency, 37% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 08-11-2026 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, 7,639 companies had the same profile as TROFP has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TROFP itself is lower: 1.0% within 12 months. It rests on far more data about TROFP than the profile alone.
Test of the method
The method was tested on the 497,447 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 7,639 companies, not a prediction for TROFP. 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 credit on open account
Liquidity is insufficient, with a current ratio of 0.55, below 1. Short-term debt is 180.3% and cash 34.4% of total assets. Equity is negative.
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 · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 04-07-2026, 27 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
27 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- BOSTOEN Hélène founderdeed of 25-03-2024
- BOSTOEN Henry founderdeed of 25-03-2024
Recent changes
Environmental permit refused
Bouwen of herbouwen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Slopen van niet vrijstaande gebouwen of constructies · Gent
First establishment
Brusselsesteenweg 119, Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TROFP Merelbeke-Melle | €58,629 | -€46,481 | -80.3% | - |
| Metis I Wingene Staden | €64,436 | €1,108 | 95.4% | - |
| BIZPARX Forest | €78,943 | -€68,161 | 26.2% | - |
| De Winningen Wijnegem | €44,653 | -€19,433 | 90.6% | - |
| Le Côté Verre Retail Woluwe-Saint-Lambert | €50,298 | -€3,119 | - | - |
| Le Côté Verre Parking Woluwe-Saint-Lambert | €50,098 | -€3,119 | - | - |
| Le Côté Verre Office Woluwe-Saint-Lambert | €50,052 | -€3,119 | - | - |
These companies have the same main activity as TROFP: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €44,700 and €78,900, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 21-03-2024Normal situation
- Activity
- Development of non-residential building projectsNACE 68122and 1 other
- Establishment unit
- 2.357.372.5889090 Merelbeke-Melle, since 21-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- -€46,481
- €49,573
- -€47,073
- €58,629
- Filing
- Filed on 04-07-2026, 27 days before the end of the filing period
Insights on TROFP
TROFP has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€47,073) and a net result of -€49,573.
Its solvency ranks better than 5% of 11,299 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 04-07-2026, 27 days before the deadline-€46,481
-€46,631
-€49,573
-€47,073
-80.3%
0.55
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €58,629 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-80.3%
Lower than 95% of 11,299 companies in 2025.
0.55
Higher than 30% of 10,851 companies in 2025.
-84.6%
Lower than 95% of 11,184 companies in 2025.
TROFP
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
58,629 | |
29/58 |
58,629 | |
3 |
37,847 | |
30/36 |
37,847 | |
40/41 |
591 | |
41 |
591 | |
54/58 |
20,191 | |
| Balance sheet: equity and liabilities | ||
10/49 |
58,629 | |
10/15 |
-47,073 | |
10/11 |
2,500 | |
14 |
-49,573 | |
17/49 |
105,702 | |
42/48 |
105,702 | |
44 |
12,545 | |
440/4 |
12,545 | |
45 |
2,100 | |
450/3 |
2,100 | |
47/48 |
91,057 | |
492/3 |
0 | |
| Income statement | ||
9900 |
-46,481 | |
640/8 |
150 | |
9901 |
-46,631 | |
65/66B |
2,942 | |
65 |
2,942 | |
9903 |
-49,573 | |
9904 |
-49,573 | |
9905 |
-49,573 | |
| Appropriation of the result | ||
9906 |
-49,573 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 04-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-07-2026 | 2026-00274025 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -47,073 | ||
| -80.3% | ||
| 0.55 | ||
| 0.20 | ||
| -84.6% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on TROFP
Equity is negative. Debt (€105,702) exceeds the balance-sheet total (€58,629).
Board & ownership
Board
2 directors, since incorporationCHELCAB BV
Director (not named in the articles), permanent representative BOSTOEN Henry
since 21-03-2024
term without a fixed end
also on the board of 4 other companies
listed in the 2025 annual accounts, filed on 04-07-2026
WARAKU BV
Director (not named in the articles), permanent representative BOSTOEN Hélène
since 21-03-2024
term without a fixed end
also on the board of 5 other companies
listed in the 2025 annual accounts, filed on 04-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 25-03-2024
Permanent representatives 2
Mandates through the years
2 names, the dashed line is todayBoard
Mandates as a list
- CHELCAB
- Director (not named in the articles), from 21-03-2024 to date
- WARAKU
- Director (not named in the articles), from 21-03-2024 to date
Control
Founders
BOSTOEN Hélène, BOSTOEN Henry
This company
TROFP
Equity -€47,073
Loss €49,573 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- -€471 in 2025
- Source
- deed of 25-03-2024
Articles of association
deed of 25-03-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director2 directors
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Wednesday of June at 10:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founders
At incorporation
deed of 25-03-2024 ↗
- BOSTOEN Hélène founder
- BOSTOEN Henry founder
Network & group
No group
TROFP has no parent and no holdings in its annual accounts.
At the same address
Brusselsesteenweg 119, 9090 Merelbeke-Melle · 7 other companies| FLANDERS IMMO JB
registered office since 29-03-1989 · founded in 1987 |
total assets €15.6m (2025) 0432.432.334 |
| FENIXCO
registered office since 17-12-2010 · founded in 2010 |
1.8 FTE (2025) 0831.467.172 |
| ADA Services
establishment since 01-03-2024 · founded in 2012 |
54 FTE (2025) 0844.056.782 |
| FBC INVEST
establishment since 14-03-2006 · founded in 2006 |
total assets €2.7m (2025) 0879.290.251 |
| 7MBR
registered office since 15-11-2024 · founded in 2024 |
total assets €1.2m (2025) 1016.278.106 |
| VERENIGING VAN MEDE-EIGENAARS RESIDENTIE GAVERLING, BRUSSELSESTEENWEG 119 TE 9090 MELLE.
registered office since 07-10-2022 |
founded in 2022 0791.692.323 |
| THV GANDHON
registered office since 15-10-2018 |
founded in 2018 0711.751.455 |
Earlier ties
| DANSAERT DISTRICT via CHELCAB (no longer at DANSAERT DISTRICT) and WARAKU (no longer at DANSAERT DISTRICT) · Director · deed of 10-02-2025 No longer active |
Connections & network
7 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BUILTWINS
via WARAKU · Director (not named in the articles) · deed of 07-08-2026
Founded in 2022 · total assets €68,455 (2025) · negative equity
→
→
FLANDERS IMMO JB
Founded in 1987 · total assets €15.6m (2025)
→
→
Show 3 more companies with a shared director
FBC INVEST
Founded in 2006 · total assets €2.7m (2025)
→
7MBR
Founded in 2024 · total assets €1.2m (2025)
→
DISTRICT S
No longer active · total assets €1.4m (2023)
→
Timeline
Timeline
4 events since 2024Filings
Permits
Establishments
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 27 days before the deadline
2024
Environmental permit refused OmgevingsloketBouwen of herbouwen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Slopen van niet vrijstaande gebouwen of constructies · Gent
- Founder, BOSTOEN Hélène
- Founder, BOSTOEN Henry
- Founding capital, €2,500, 100 shares
- 100 shares
- Registered office clause, Brusselsesteenweg 119, 9090 Melle
- Director appointment, WARAKU (director (not named in the articles))
- Director appointment, CHELCAB (director (not named in the articles))
- Permanent representative, BOSTOEN Hélène
- Permanent representative, BOSTOEN Henry
- The deed holds 6 more points.
First establishment Brusselsesteenweg 119, Merelbeke-Melle
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1007.400.329
- VAT number
- BE 1007.400.329
- Peppol ID
- 0208:1007400329
- Other Peppol ID
- 9925:BE1007400329
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 21-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Wednesday of June at 10:00deed of 25-03-2024 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TROFP in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 25-03-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 25-03-2024 (in Dutch)
Activities
NACEBEL 202568122
Development of non-residential building projects main activity
Codes under NACEBEL 2008
41102
Construction of residential and non-residential buildings main activity
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het optreden als projectontwikkelaar/bouwpromotor van zowel residentiële als niet residentiële bouwprojecten; Alle verrichtingen die…”deed of 25-03-2024 (in Dutch)
6 activities
- Het optreden als projectontwikkelaar/bouwpromotor van zowel residentiële als niet residentiële bouwprojecten.
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer en in stand houden van eigen onroerende goederen,onder meer door verhuring en andere overeenkomsten met derden in verband met hun gebruik en genot. De vennootschap mag onder meer onroerende goederen verwerven,laten bouwen,laten opschikken,laten uitrusten,laten ombouwen;zij mag onroerende goederen vervreemden met het oog op wederbelegging en opbrengst,zij mag optierechten nemen en afstaan,verlenen en verwerven van vruchtgebruik,van rechten van opstal en erfpacht en alle andere bestaande zakelijke rechten.
- Het verlenen van bijstand en hulp onder hun meest verschillende vormen aan derden,bijvoorbeeld andere vennootschappen en/of eenmanszaken,en dit op het vlak van beheer,de controle,het toezicht,de organisatie,de administratie;het verlenen van adviezen en intellectuele en administratieve hulp,het ter beschikking stellen aan derden onder welke vorm ook van benodigdheden,materiaal,instrumenten,hard- en software,het uitvoeren in verband met hetgeen voorafgaat aan concrete projecten,het dienstbetoon inzake organisatie en toepassing van de meest verschillende wetgevingen,het ter beschikking stellen van management,het uitoefenen van bedrijfsleiding en het organiseren ervan,voor eigen rekening als voor rekening van of in deelneming met derden,van handels-,nijverheids-,of andere ondernemingen,bestaande onder om het even welke vorm,en dit zonder enige beperking.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden zich borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- Het beheer van alle roerende goederen en waarden,het nemen van belangen,op welke wijze ook,in andere vennootschappen en ondernemingen.
- Het toestaan van leningen en kredietopeningen aan rechtspersonen,vennootschappen,ondernemingen en particulieren,onder om het even welke vorm. In dit kader kan zij alle handels- en financiële operaties verrichten behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Brusselsesteenweg 119 registered office 9090 Merelbeke-Melle | 21-03-2024 | 2.357.372.588 |
Buildings and parcels at the address
- Ground area
- 1,198 m²
- Buildings
- 326 m²
- Volume, LiDAR
- 1,832 m³
- Tallest building
- 11.7 m
Buildings to scale, each on its own parcel
Environmental permits
2 applications in Flanders since 2024 · 1 refused · 1 under appeal| 24-12-2024 | Under appeal | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies project 2024166209 | RVVB |
| 08-08-2024 | Refused | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies submitted 04-04-2024 · project 2024010341 | Gent |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44402A0160/00B003 | 1,198 m² | 1 · 326 m² | 11.7 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1007.400.329