trotwaar
ActiveSummary
trotwaar has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €4k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 1932 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+9
Solvency77▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.04 in 2023; short-term debt: 27% and cash: 18.2% of total assets), and 48.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.9%
Return on assets
6.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
55 d early
2022
56 d early
2021
11 d early
2020
12 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€34k▲ 13.2%
2023 · €30k
2018: €11klowest in 7 years
2019: €34k▲ +200% vs 2018highest in 7 years
2020: €33k▼ -5.1% vs 2019
2021: €15k▼ -55.4% vs 2020
2022: €31k▲ +112% vs 2021
2023: €30k▼ -3.6% vs 2022
2024: €34k▲ +13.2% vs 2023
2018 → 2024
Total assets
€65k▼ 18.5%
2023 · €80k
2018: €26klowest in 7 years
2019: €57k▲ +122% vs 2018
2020: €54k▼ -5.4% vs 2019
2021: €50k▼ -6.4% vs 2020
2022: €101k▲ +100% vs 2021highest in 7 years
2023: €80k▼ -21.0% vs 2022
2024: €65k▼ -18.5% vs 2023
2018 → 2024
Net result
€4k
2023 · €-1k
2018: €9k
2019: €23k▲ +149% vs 2018highest in 7 years
2020: €-2k▼ -108% vs 2019
2021: €-18k▼ -922% vs 2020lowest in 7 years
2022: €16k▲ +190% vs 2021
2023: €-1k▼ -107% vs 2022
2024: €4k▲ +456% vs 2023
2018 → 2024
Working capital
€10k▲ 596%
2023 · €1k
2018: €11k
2019: €13k▲ +23.1% vs 2018
2020: €12k▼ -5.5% vs 2019
2021: €-2k▼ -118% vs 2020lowest in 7 years
2022: €18k▲ +927% vs 2021highest in 7 years
2023: €1k▼ -92.5% vs 2022
2024: €10k▲ +596% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€15k▼ 55.4%€31k▲ 112%€30k▼ 3.6%€34k▲ 13.2%
2020: €33k
2021: €15k▼ -55.4% vs 2020lowest in 5 years
2022: €31k▲ +112% vs 2021
2023: €30k▼ -3.6% vs 2022
2024: €34k▲ +13.2% vs 2023highest in 5 years
Operating result€-2k-€-15k▼ 907%€24k€323▼ 98.7%€7k▲ 2,212%
2020: €-2k
2021: €-15k▼ -907% vs 2020lowest in 5 years
2022: €24k▲ +257% vs 2021highest in 5 years
2023: €323▼ -98.7% vs 2022
2024: €7k▲ +2212% vs 2023
Net result€-2k-€-18k▼ 922%€16k€-1k€4k
2020: €-2k
2021: €-18k▼ -922% vs 2020lowest in 5 years
2022: €16k▲ +190% vs 2021highest in 5 years
2023: €-1k▼ -107% vs 2022
2024: €4k▲ +456% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,212% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65k
Fixed assets
€38k ▼ 19.9%
Current assets
€27k ▼ 16.5%
Equity and liabilities €65k
Equity
€34k ▲ 13.2%
Debt
€31k ▼ 37.4%
Debt's share of the balance-sheet total falls from 62.6% to 48.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▲
2023 · €8k
Cash flow
€13k▲
2023 · €7k
Current ratio
1.55▲
2023 · 1.04
Debt to equity
0.93▼
2023 · 1.68
ROE
11.7%▲
2023 · -3.7%
ROA
6.1%▲
2023 · -1.4%
Interest coverage
14.06▲
2023 · 8.42
Debt ≤ 1 year
€18k▼
2023 · €31k
Debt > 1 year
€14k▼
2023 · €19k
Income taxes
€2k▲
2023 · €586
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€80k€65k▼
Fixed assets21/28€47k€38k▼
Tangible fixed assets22/27€47k€38k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€36k€28k▼
Other tangible fixed assets26€8k€7k▼
Current assets29/58€33k€27k▼
Amounts receivable within one year40/41€25k€13k▼
Trade receivables40€25k€12k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€4k€12k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€80k€65k▼
Equity10/15€30k€34k▲
Contributions10/11€6k€6k=
Reserves13€18k€22k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€18k€22k▲
Profit (loss) carried forward14€5k€5k=
Amounts payable17/49€50k€31k▼
Amounts payable after more than one year17€19k€14k▼
Financial debts170/4€19k€14k▼
Amounts payable within one year42/48€31k€18k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€435€1k▲
Suppliers440/4€435€1k▲
Taxes, remuneration and social security45€9k€3k▼
Taxes450/3€9k€3k▼
Remuneration and social security454/9€0€0▼
Other amounts payable47/48€17k€8k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€1k€632▼
Gross operating margin9900€9k€17k▲
Operating profit (loss)9901€323€7k▲
Financial income75/76B€146€33▼
Recurring financial income75€146€33▼
Financial charges65/66B€989€1k▲
Recurring financial charges65€989€1k▲
Profit (loss) for the period before taxes9903€-520€6k▲
Income taxes67/77€586€2k▲
Profit (loss) for the period9904€-1k€4k▲
Profit (loss) for the period to be appropriated9905€-1k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€9k▲
Profit (loss) brought forward from the previous period14P€6k€5k▼
Transfer to equity691/2€0€4k▲
To other reserves6921€0€4k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €4k | €8k | €9k | ▲ 17.2% |
| Other operating charges640/8 | - | €881 | €12k | €1k | €632 | ▼ 41.2% |
| Non-recurring operating charges66A | - | €27k | - | - | - | - |
| Gross operating margin9900 | €4k | €18k | €41k | €9k | €17k | ▲ 85.9% |
| Operating profit (loss)9901 | €-2k | €-15k | €24k | €323 | €7k | ▲ 2,212% |
| Financial income75/76B | - | €85 | - | €146 | €33 | ▼ 77.6% |
| Recurring financial income75 | €50 | €85 | - | €146 | €33 | ▼ 77.6% |
| Financial charges65/66B | - | €463 | €209 | €989 | €1k | ▲ 21.2% |
| Recurring financial charges65 | €216 | €463 | €209 | €989 | €1k | ▲ 21.2% |
| Profit (loss) for the period before taxes9903 | €-2k | €-16k | €24k | €-520 | €6k | ▲ 1,312% |
| Income taxes67/77 | €68 | €2k | €8k | €586 | €2k | ▲ 304% |
| Profit (loss) for the period9904 | €-2k | €-18k | €16k | €-1k | €4k | ▲ 456% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-18k | €16k | €-1k | €4k | ▲ 456% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54k | €50k | €101k | €80k | €65k | ▼ 18.5% |
| Fixed assets21/28 | €20k | €17k | €12k | €47k | €38k | ▼ 19.9% |
| Tangible fixed assets22/27 | €20k | €17k | €12k | €47k | €38k | ▼ 19.9% |
| Plant, machinery and equipment23 | - | €2k | €1k | €4k | €3k | ▼ 25.7% |
| Furniture and vehicles24 | - | €6k | €3k | €36k | €28k | ▼ 22.2% |
| Other tangible fixed assets26 | - | €9k | €8k | €8k | €7k | ▼ 6.7% |
| Current assets29/58 | €33k | €34k | €88k | €33k | €27k | ▼ 16.5% |
| Amounts receivable within one year40/41 | €10k | €11k | €75k | €25k | €13k | ▼ 48.9% |
| Trade receivables40 | - | €10k | €75k | €25k | €12k | ▼ 53.0% |
| Other amounts receivable41 | - | €782 | - | - | €1k | - |
| Cash at bank and in hand54/58 | €23k | €21k | €12k | €4k | €12k | ▲ 169% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €3k | €3k | ▼ 19.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54k | €50k | €101k | €80k | €65k | ▼ 18.5% |
| Equity10/15 | €33k | €15k | €31k | €30k | €34k | ▲ 13.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €18k | €18k | €22k | ▲ 21.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | €16k | €18k | €22k | ▲ 21.6% |
| Profit (loss) carried forward14 | €25k | €6k | €6k | €5k | €5k | = |
| Amounts payable17/49 | €21k | €36k | €70k | €50k | €31k | ▼ 37.4% |
| Amounts payable after more than one year17 | - | - | - | €19k | €14k | ▼ 27.0% |
| Financial debts170/4 | - | - | - | €19k | €14k | ▼ 27.0% |
| Amounts payable within one year42/48 | €21k | €36k | €70k | €31k | €18k | ▼ 43.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | €5k | ▲ 4.7% |
| Trade debts44 | €4k | €3k | €32k | €435 | €1k | ▲ 227% |
| Suppliers440/4 | - | €3k | €32k | €435 | €1k | ▲ 227% |
| Taxes, remuneration and social security45 | - | €5k | €15k | €9k | €3k | ▼ 65.0% |
| Taxes450/3 | - | €5k | €15k | €9k | €3k | ▼ 65.0% |
| Remuneration and social security454/9 | - | - | - | €0 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €29k | €23k | €17k | €8k | ▼ 53.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-18k | €16k | €-1k | €4k | ▲ 456% |
| + Depreciation and write-downs630 | €5k | €5k | €4k | €8k | €9k | ▲ 17.2% |
| Operating cash flow (approximation) | €3k | €-13k | €21k | €7k | €13k | ▲ 93.0% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-43k | €0 | ▲ 100% |
| Change in cash | - | €-1k | €-9k | €-8k | €7k | ▲ 198% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €23k ▲149%
Operating result €28k, net result €23k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ranst · 1 establishment unit since 2011
Ground area
250 m²
Building footprint
220 m²
Volume, LiDAR
1,616 m³
2 parcels, Flanders · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Trotwaar
since 20112.205.010.235
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035B0216/00P000 | Flanders | 132 m² | 1 · 132 m² | 7.5 m · 2 fl. |
| 11805E0385/00P007 | Flanders | 119 m² | 1 · 89 m² | 17.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 520 companies in sector 59114 we hold annual accounts for 245. 171 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
Founded29-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
59114Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
59140Motion picture, video and television programme production, sound recording and music publishing activities
60200Programming, broadcasting, news agency and other content distribution activities
90120Visual arts creation
Scores and ratios are computed by Checked and are not a credit decision.