TROVATO
ActiveSummary
TROVATO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,166 and a net result of -€15,028. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 67% of 18973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-73
Solvency79▼-20
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.07 against 3.68 in 2024; short-term debt: 45.9% and cash: 24.1% of total assets), and 45.9% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
54.1%
Return on assets
-10.3%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
28 d late
2023
5 d early
2022
4 d early
2021
16 d early
2020
26 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€79,166▼ 30.3%
2024 · €113,628
Total assets
€146,463▼ 4.6%
2024 · €153,488
Net result
-€15,028
2024 · €12,420
Working capital
€72,200▼ 32.4%
2024 · €106,852
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,339€3,250€17,927▲ 452%€11,440▼ 36.2%-€20,851
Net result-€5,095below the sector's middle half€8,111within the sector's middle half€16,623within the sector's middle half▲ 105%€12,420within the sector's middle half▼ 25.3%-€15,028below the sector's middle half
Equity€76,473within the sector's middle half▼ 31.0%€84,585within the sector's middle half▲ 10.6%€101,208within the sector's middle half▲ 19.7%€113,628within the sector's middle half▲ 12.3%€79,166within the sector's middle half▼ 30.3%
Total assets€133,196within the sector's middle half▼ 5.4%€133,803within the sector's middle half▲ 0.5%€168,003within the sector's middle half▲ 25.6%€153,488within the sector's middle half▼ 8.6%€146,463within the sector's middle half▼ 4.6%
Debt€56,723▲ 89.0%€49,219▼ 13.2%€66,795▲ 35.7%€39,860▼ 40.3%€67,297▲ 68.8%
Working capital€72,258within the sector's middle half▼ 33.1%€81,444within the sector's middle half▲ 12.7%€99,802above the sector's middle half▲ 22.5%€106,852above the sector's middle half▲ 7.1%€72,200within the sector's middle half▼ 32.4%
Solvency57.4%within the sector's middle half▼ 21.3pp63.2%above the sector's middle half▲ 5.8pp60.2%within the sector's middle half▼ 3.0pp74.0%above the sector's middle half▲ 13.8pp54.1%within the sector's middle half▼ 20.0pp
Current ratio2.27within the sector's middle half▼ 2.332.65within the sector's middle half▲ 0.382.49within the sector's middle half▼ 0.163.68above the sector's middle half▲ 1.192.07within the sector's middle half▼ 1.61
Return on assets (ROA)-3.8%below the sector's middle half▼ 8.2pp6.1%within the sector's middle half▲ 9.9pp9.9%within the sector's middle half▲ 3.8pp8.1%within the sector's middle half▼ 1.8pp-10.3%below the sector's middle half▼ 18.4pp
Staff (FTE)1▲ 11.1%1.1▲ 10.0%1▼ 9.1%1=1.2▲ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20,851 after €11,440 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146,463
Fixed assets
€6,967 ▲ 2.8%
Current assets
€139,496 ▼ 4.9%
Equity and liabilities €146,463
Equity
€79,166 ▼ 30.3%
Debt
€67,297 ▲ 68.8%
Debt's share of the balance-sheet total rises from 26.0% to 45.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,349▼
2024 · €12,556
Cash flow
-€13,526▼
2024 · €13,537
Quick ratio
0.69▼
2024 · 1.43
Debt to equity
0.85▲
2024 · 0.35
ROE
-19.0%▼
2024 · 10.9%
Interest coverage
-13.07▼
2024 · 7.90
Debt ≤ 1 year
€67,297▲
2024 · €39,860
Staff costs
€47,824▲
2024 · €44,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €31,504 | €34,655 | €37,494 | €44,038 | €47,824 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,337 | €1,660 | €1,735 | €1,117 | €1,502 | ▲ 34.5% |
| Other operating charges640/8 | €150 | €300 | €300 | €406 | €300 | ▼ 26.1% |
| Gross operating margin9900 | €25,653 | €39,865 | €57,456 | €57,001 | €28,775 | ▼ 49.5% |
| Operating profit (loss)9901 | -€7,339 | €3,250 | €17,927 | €11,440 | -€20,851 | ▼ 282% |
| Financial income75/76B | €3,099 | €7,365 | €6,735 | €7,487 | €7,303 | ▼ 2.5% |
| Recurring financial income75 | €3,099 | €7,365 | €6,735 | €7,487 | €7,303 | ▼ 2.5% |
| Financial charges65/66B | €854 | €1,245 | €1,284 | €1,590 | €1,480 | ▼ 6.9% |
| Recurring financial charges65 | €854 | €1,245 | €1,284 | €1,590 | €1,480 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | -€5,095 | €9,370 | €23,379 | €17,336 | -€15,028 | ▼ 187% |
| Income taxes67/77 | - | €1,259 | €6,755 | €4,916 | - | - |
| Profit (loss) for the period9904 | -€5,095 | €8,111 | €16,623 | €12,420 | -€15,028 | ▼ 221% |
| Profit (loss) for the period to be appropriated9905 | -€5,095 | €8,111 | €16,623 | €12,420 | -€15,028 | ▼ 221% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,196 | €133,803 | €168,003 | €153,488 | €146,463 | ▼ 4.6% |
| Fixed assets21/28 | €4,215 | €3,141 | €1,406 | €6,775 | €6,967 | ▲ 2.8% |
| Tangible fixed assets22/27 | €4,215 | €3,141 | €1,406 | €6,775 | €6,967 | ▲ 2.8% |
| Plant, machinery and equipment23 | €2,406 | €1,771 | €1,136 | €6,701 | €6,967 | ▲ 4.0% |
| Furniture and vehicles24 | - | €465 | €270 | €74 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €1,809 | €905 | - | €0 | €0 | - |
| Current assets29/58 | €128,981 | €130,662 | €166,596 | €146,713 | €139,496 | ▼ 4.9% |
| Stocks and contracts in progress3 | €84,548 | €75,888 | €73,328 | €89,664 | €92,936 | ▲ 3.6% |
| Stocks30/36 | €84,548 | €75,888 | €73,328 | €89,664 | €92,936 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €12,256 | €6,046 | - | - | €9,507 | - |
| Trade receivables40 | €9,256 | €6,046 | - | - | - | - |
| Other amounts receivable41 | €3,000 | - | - | - | €9,507 | - |
| Cash at bank and in hand54/58 | €31,561 | €48,048 | €92,515 | €56,254 | €35,358 | ▼ 37.1% |
| Deferred charges and accrued income490/1 | €617 | €680 | €753 | €795 | €1,695 | ▲ 113% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,196 | €133,803 | €168,003 | €153,488 | €146,463 | ▼ 4.6% |
| Equity10/15 | €76,473 | €84,585 | €101,208 | €113,628 | €79,166 | ▼ 30.3% |
| Contributions10/11 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Reserves13 | €41,473 | €49,585 | €66,208 | €78,628 | €44,166 | ▼ 43.8% |
| Non-distributable reserves130/1 | €2,566 | - | - | - | - | - |
| Reserves not available under the articles1311 | €2,566 | - | - | - | - | - |
| Distributable reserves133 | €38,908 | €49,585 | €66,208 | €78,628 | €44,166 | ▼ 43.8% |
| Amounts payable17/49 | €56,723 | €49,219 | €66,795 | €39,860 | €67,297 | ▲ 68.8% |
| Amounts payable within one year42/48 | €56,723 | €49,219 | €66,795 | €39,860 | €67,297 | ▲ 68.8% |
| Trade debts44 | €10,587 | €8,003 | €25,126 | €11,651 | €15,768 | ▲ 35.3% |
| Suppliers440/4 | €10,587 | €8,003 | €25,126 | €11,651 | €15,768 | ▲ 35.3% |
| Taxes, remuneration and social security45 | €21,051 | €37,724 | €41,133 | €27,715 | €31,813 | ▲ 14.8% |
| Taxes450/3 | €17,368 | €33,223 | €36,497 | €22,598 | €27,770 | ▲ 22.9% |
| Remuneration and social security454/9 | €3,683 | €4,502 | €4,636 | €5,117 | €4,043 | ▼ 21.0% |
| Other amounts payable47/48 | €25,085 | €3,491 | €536 | €494 | €19,716 | ▲ 3,888% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,095 | €8,111 | €16,623 | €12,420 | -€15,028 | ▼ 221% |
| + Depreciation and write-downs630 | €1,337 | €1,660 | €1,735 | €1,117 | €1,502 | ▲ 34.5% |
| Operating cash flow (approximation) | -€3,757 | €9,772 | €18,358 | €13,537 | -€13,526 | ▼ 200% |
| Investment in fixed assets (approximation) | - | -€586 | €0 | -€6,486 | -€1,693 | ▲ 73.9% |
| Change in cash | - | €16,487 | €44,467 | -€36,261 | -€20,895 | ▲ 42.4% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€15,028
Net result drops to -€15,028, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €16,623 ▲105%
Operating result €17,927, net result €16,623, both a record.
31-12
Financial
Equity above €100,000Eq €101,208 ▲19.7%
2 profitable years in a row build equity to €101,208.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €8,111
Net result €8,111 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4,122
Net result €4,122 after one loss-making year.
Show earlier events
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
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.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Haacht · 1 establishment unit since 2008
Ground area
1,074 m²
Building footprint
204 m²
Volume, LiDAR
1,129 m³
Parcel 24033B0244/00Z000, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Trovato
since 20082.165.024.360
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24033B0244/00Z000 | Flanders | 1,074 m² | 1 · 204 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,215 companies in this sector we hold annual accounts for 888. 707 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47715Retail trade
47721Retail sale of footwear
47722Retail trade
47770Retail sale of watches and jewellery
Contact
E-mail
ingrid.celis@skynet.beHaacht
Phone
0498/29.79.77Haacht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891022796
Also
9925:BE0891022796
Registered
01-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.