TRUTZEL
ActiveSummary
The computed 12-month bankruptcy probability of TRUTZEL is 3.0% (moderate). The 2024 annual accounts show negative equity (-€99,400) and a net result of -€6,429. Equity is shrinking by ~70.1% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability36▲+36
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.08 in 2023; short-term debt: 86.1% and cash: 9% of total assets), and equity is negative.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-47.8%
Return on assets
-3.1%
Age of the figures
21 mo
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
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
31 d late
2023
9 d early
2022
30 d late
2021
31 d late
2020
31 d late
2019
101 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 30 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
-€99,400▼ 6.9%
2023 · -€92,972
Total assets
€207,942▼ 4.3%
2023 · €217,194
Net result
-€6,429▲ 81.6%
2023 · -€34,970
Working capital
-€158,247▼ 1.5%
2023 · -€155,904
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€32,659-€10,887▲ 66.7%-€33,140▼ 204%-€28,789▲ 13.1%-€390▲ 98.6%
Net result-€39,214below the sector's middle half-€17,537below the sector's middle half▲ 55.3%-€39,893below the sector's middle half▼ 127%-€34,970below the sector's middle half▲ 12.3%-€6,429below the sector's middle half▲ 81.6%
Equity-€572within the sector's middle half-€18,109below the sector's middle half▼ 3,066%-€58,002below the sector's middle half▼ 220%-€92,972below the sector's middle half▼ 60.3%-€99,400below the sector's middle half▼ 6.9%
Total assets€268,779above the sector's middle half▼ 12.1%€263,349above the sector's middle half▼ 2.0%€241,864above the sector's middle half▼ 8.2%€217,194within the sector's middle half▼ 10.2%€207,942within the sector's middle half▼ 4.3%
Debt€269,351▲ 0.8%€281,458▲ 4.5%€299,866▲ 6.5%€310,166▲ 3.4%€307,342▼ 0.9%
Working capital-€76,652below the sector's middle half▼ 70.9%-€92,722below the sector's middle half▼ 21.0%-€126,629below the sector's middle half▼ 36.6%-€155,904below the sector's middle half▼ 23.1%-€158,247below the sector's middle half▼ 1.5%
Solvency-0.2%within the sector's middle half▼ 12.8pp-6.9%below the sector's middle half▼ 6.7pp-24.0%below the sector's middle half▼ 17.1pp-42.8%below the sector's middle half▼ 18.8pp-47.8%below the sector's middle half▼ 5.0pp
Current ratio0.20below the sector's middle half▼ 0.260.22below the sector's middle half▲ 0.020.15below the sector's middle half▼ 0.070.08below the sector's middle half▼ 0.060.12below the sector's middle half▲ 0.03
Return on assets (ROA)-14.6%below the sector's middle half▼ 17.6pp-6.7%below the sector's middle half▲ 7.9pp-16.5%below the sector's middle half▼ 9.8pp-16.1%below the sector's middle half▲ 0.4pp-3.1%within the sector's middle half▲ 13.0pp
Staff (FTE)1.1within the sector's middle half▼ 47.6%3▲ 173%2▼ 33.3%2=2.1▲ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 stays negative: a loss of €390 in 2024 against €28,789 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207,942
Fixed assets
€187,170 ▼ 7.8%
Current assets
€20,772 ▲ 46.3%
Key figures and ratios
EBITDA
€15,432▲
2023 · -€11,761
Cash flow
€9,394▲
2023 · -€17,942
Quick ratio
0.11▲
2023 · 0.08
Debt to equity
-3.09▲
2023 · -3.34
Interest coverage
2.51▲
2023 · -1.89
Debt ≤ 1 year
€179,019▲
2023 · €170,105
Debt > 1 year
€128,323▼
2023 · €140,060
Staff costs
€36,958▲
2023 · €35,398
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,340 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 2,332 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20,416 | €34,664 | €35,398 | €36,958 | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,398 | €16,261 | €17,028 | €17,028 | €15,823 | ▼ 7.1% |
| Other operating charges640/8 | - | €4,178 | €5,724 | €4,569 | €4,521 | ▼ 1.0% |
| Gross operating margin9900 | €35,508 | €29,968 | €24,276 | €28,206 | €56,911 | ▲ 102% |
| Operating profit (loss)9901 | -€32,659 | -€10,887 | -€33,140 | -€28,789 | -€390 | ▲ 98.6% |
| Financial income75/76B | - | €40 | €46 | €40 | €104 | ▲ 160% |
| Recurring financial income75 | €71 | €40 | €46 | €40 | €104 | ▲ 160% |
| Financial charges65/66B | - | €6,689 | €6,800 | €6,221 | €6,143 | ▼ 1.3% |
| Recurring financial charges65 | €6,641 | €6,689 | €6,800 | €6,221 | €6,143 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | -€39,228 | -€17,537 | -€39,893 | -€34,970 | -€6,429 | ▲ 81.6% |
| Income taxes67/77 | -€14 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€39,214 | -€17,537 | -€39,893 | -€34,970 | -€6,429 | ▲ 81.6% |
| Profit (loss) for the period to be appropriated9905 | -€39,214 | -€17,537 | -€39,893 | -€34,970 | -€6,429 | ▲ 81.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268,779 | €263,349 | €241,864 | €217,194 | €207,942 | ▼ 4.3% |
| Fixed assets21/28 | €249,106 | €237,048 | €220,021 | €202,993 | €187,170 | ▼ 7.8% |
| Intangible fixed assets21 | €15,000 | €11,000 | €7,000 | €3,000 | - | - |
| Tangible fixed assets22/27 | €234,106 | €226,048 | €213,021 | €199,993 | €187,170 | ▼ 6.4% |
| Land and buildings22 | - | €225,638 | €212,815 | €199,993 | €187,170 | ▼ 6.4% |
| Plant, machinery and equipment23 | - | €410 | €205 | - | - | - |
| Current assets29/58 | €19,673 | €26,301 | €21,844 | €14,201 | €20,772 | ▲ 46.3% |
| Stocks and contracts in progress3 | €104 | €906 | €1,521 | €821 | €845 | ▲ 3.0% |
| Stocks30/36 | - | €906 | €1,521 | €821 | €845 | ▲ 3.0% |
| Amounts receivable within one year40/41 | €8,291 | €163 | €401 | €617 | €1,269 | ▲ 105% |
| Trade receivables40 | - | - | €237 | €454 | €1,105 | ▲ 143% |
| Other amounts receivable41 | - | €163 | €163 | €163 | €163 | = |
| Cash at bank and in hand54/58 | €11,279 | €25,232 | €19,922 | €12,763 | €18,658 | ▲ 46.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268,779 | €263,349 | €241,864 | €217,194 | €207,942 | ▼ 4.3% |
| Equity10/15 | -€572 | -€18,109 | -€58,002 | -€92,972 | -€99,400 | ▼ 6.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€21,032 | -€38,569 | -€78,462 | -€113,432 | -€119,860 | ▼ 5.7% |
| Amounts payable17/49 | €269,351 | €281,458 | €299,866 | €310,166 | €307,342 | ▼ 0.9% |
| Amounts payable after more than one year17 | €172,907 | €162,338 | €151,394 | €140,060 | €128,323 | ▼ 8.4% |
| Financial debts170/4 | - | €162,338 | €151,394 | €140,060 | €128,323 | ▼ 8.4% |
| Amounts payable within one year42/48 | €96,325 | €119,023 | €148,472 | €170,105 | €179,019 | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | - | €10,569 | €10,944 | €11,334 | €11,737 | ▲ 3.6% |
| Trade debts44 | €19,923 | €20,727 | €26,921 | €29,668 | €34,935 | ▲ 17.8% |
| Suppliers440/4 | - | €20,727 | €26,921 | €29,668 | €34,935 | ▲ 17.8% |
| Taxes, remuneration and social security45 | - | €5,677 | €7,768 | €5,677 | €7,421 | ▲ 30.7% |
| Taxes450/3 | - | €1,211 | €1,587 | €1,813 | €3,512 | ▲ 93.7% |
| Remuneration and social security454/9 | - | €4,466 | €6,181 | €3,864 | €3,909 | ▲ 1.2% |
| Other amounts payable47/48 | - | €82,051 | €102,839 | €123,427 | €124,927 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | - | €97 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,214 | -€17,537 | -€39,893 | -€34,970 | -€6,429 | ▲ 81.6% |
| + Depreciation and write-downs630 | €17,398 | €16,261 | €17,028 | €17,028 | €15,823 | ▼ 7.1% |
| Operating cash flow (approximation) | -€21,817 | -€1,276 | -€22,865 | -€17,942 | €9,394 | ▲ 152% |
| Investment in fixed assets (approximation) | - | -€4,203 | €0 | €0 | €0 | - |
| Change in cash | - | €13,953 | -€5,309 | -€7,160 | €5,895 | ▲ 182% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
18-05
State Gazette act
Appointments: De Troetsel Yves (director) and De Troetsel Nick (director)3 facts ▸
State Gazette act
Appointments: De Troetsel Yves (director) and De Troetsel Nick (director)
3 facts ▸
- General meeting, 17-04-2026
- Director appointment, De Troetsel Yves (director)
- Director appointment, De Troetsel Nick (director)
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€39,893
Net result drops to -€39,893, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
DE TROETSEL NICK
CurrentDirector · since 17-04-2026
DE TROETSEL YVES
CurrentDirector · since 17-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2014
Ground area
238 m²
Building footprint
157 m²
Volume, LiDAR
904 m³
Parcel 11463D0493/00W004, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
New Atlas
since 20142.236.712.409
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0493/00W004 | Flanders | 238 m² | 1 · 156 m² | 9.1 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.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| DE TROETSEL NICK |
|
| DE TROETSEL YVES |
|
Articles of association
Who signs
Each director alone
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
BIERHANDEL DE TROETSEL
via DE TROETSEL YVES and DE TROETSEL NICK · Director
→
NIELSE SPORTVERENIGING
via DE TROETSEL YVES and DE TROETSEL NICK · Director
→
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.236.712.409
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Of 14,001 companies in sector 56301 we hold annual accounts for 4,899. 4,109 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
Founded03-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0567517207
Also
9925:BE0567517207
Registered
20-04-2026
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.