TROUBADOUR
ActiveTROUBADOUR has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €373k and a net result of €31k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 60% of 3620 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-29
Solvency64▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.45 in 2024; short-term debt: 46.4% and cash: 21.4% of total assets), but 60.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.5%
Return on assets
3.3%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
43 d early
2023
42 d early
2022
28 d early
2021
23 d late
2020
19 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€373k▼ 20.3%
2024 · €468k
2018: €239k
2019: €458k
2020: €437k
2021: €563k
2022: €237k
2023: €355k
2024: €468k
2018 → 2025
Total assets
€946k▼ 5.4%
2024 · €999k
2018: €451k
2019: €867k
2020: €739k
2021: €1.12M
2022: €951k
2023: €983k
2024: €999k
2018 → 2025
Net result
€31k▼ 72.4%
2024 · €113k
2018: €120k
2019: €293k
2020: €-7k
2021: €156k
2022: €54k
2023: €118k
2024: €113k
2018 → 2025
Working capital
€453k▼ 18.3%
2024 · €555k
2018: €101k
2019: €407k
2020: €506k
2021: €801k
2022: €449k
2023: €472k
2024: €555k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€563k-€237k▼ 57.9%€355k▲ 49.9%€468k▲ 31.9%€373k▼ 20.3%
Operating result€191k-€94k▼ 50.6%€189k▲ 101%€178k▼ 5.6%€63k▼ 64.9%
Net result€156k-€54k▼ 65.1%€118k▲ 117%€113k▼ 4.1%€31k▼ 72.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 65% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €946k
Fixed assets
€54k▼ 11.3%
Current assets
€891k▼ 5.0%
Equity and liabilities €946k
Equity
€373k▼ 20.3%
Debt
€572k▲ 7.8%
The debt ratio rises from 53.1% to 60.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€82k▼
2024 · €201k
Cash flow
€51k▼
2024 · €136k
Solvency
39.5%▼
2024 · 46.9%
Current ratio
2.03▼
2024 · 2.45
Quick ratio
2.00▼
2024 · 2.41
Debt / equity
1.53▲
2024 · 1.13
ROE
8.4%▼
2024 · 24.2%
ROA
3.3%▼
2024 · 11.3%
Interest coverage
3.74▼
2024 · 10.55
Debt
€572k▲
2024 · €531k
Debt ≤ 1 year
€438k▲
2024 · €383k
Income taxes
€17k▼
2024 · €53k
Staff costs
€637k▼
2024 · €640k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€999k€946k▼
Fixed assets21/28€61k€54k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€56k€49k▼
Plant, machinery and equipment23€22k€19k▼
Furniture and vehicles24€6k€3k▼
Other tangible fixed assets26€29k€27k▼
Financial fixed assets28€3k€5k▲
Current assets29/58€938k€891k▼
Amounts receivable after more than one year29€609k€592k▼
Other amounts receivable291€609k€592k▼
Stocks and contracts in progress3€13k€13k▲
Stocks30/36€13k€13k▲
Amounts receivable within one year40/41€50k€83k▲
Trade receivables40€7k€6k▼
Other amounts receivable41€43k€77k▲
Cash at bank and in hand54/58€260k€202k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€999k€946k▼
Equity10/15€468k€373k▼
Contributions10/11€31k€31k=
Reserves13€437k€342k▼
Distributable reserves133€437k€342k▼
Amounts payable17/49€531k€572k▲
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€383k€438k▲
Current portion of amounts payable after more than one year42€69k€6k▼
Financial debts43€30k€30k▼
Credit institutions430/8€30k€30k▼
Trade debts44€105k€123k▲
Suppliers440/4€105k€123k▲
Taxes, remuneration and social security45€119k€127k▲
Taxes450/3€23k€17k▼
Remuneration and social security454/9€96k€110k▲
Other amounts payable47/48€60k€151k▲
Accrued charges and deferred income492/3€141k€134k▼
Income statement
Code20242025
Non-recurring operating income76A€15k-
Remuneration, social security and pensions62€640k€637k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€20k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€844k€724k▼
Operating profit (loss)9901€178k€63k▼
Financial income75/76B€8k€8k▲
Recurring financial income75€8k€8k▲
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€167k€48k▼
Income taxes67/77€53k€17k▼
Profit (loss) for the period9904€113k€31k▼
Profit (loss) for the period to be appropriated9905€113k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€113k€31k▼
Transfer from equity791/2-€126k
Transfer to equity691/2€113k€31k▼
To other reserves6921€113k€31k▼
Profit to be distributed694/7-€126k
Return on contributions (dividend)694-€126k
Social balance
Average headcount (FTE)908711.611.5▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Back to profitnet €156k
Net result €156k after one loss-making year.
31-12
Financial
Equity above €500kEq €563k ▲28.9%
Equity rises from €437k to €563k.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet €-7k ▼102%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.92
Current ratio from 2.45 to 5.92; short-term debt falls from €281k to €103k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Highest result since 2018net €293k ▲144%
Operating result €394k, net result €293k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Leuven · 2 establishment units since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tiensestraat 323000 LeuvenGround area
297 m²
Building footprint
294 m²
Volume, LiDAR
3,191 m³
2 parcels, Flanders · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
De Troubadour
since 19982.087.093.669
Merkat
since 20182.283.208.764
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0872/00H000 | Flanders | 216 m² | 1 · 216 m² | 18.4 m · 4 fl. |
| 24502B0870/00P000 | Flanders | 81 m² | 1 · 78 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 540 EUR awarded · 540 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 540 EUR | 540 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.087.093.669
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BISTRO D
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HETAR
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Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 7,087 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-1998
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55302
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:016/225065