DE TROUWFEE
ActiveDE TROUWFEE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €11k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 7697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+12
Solvency55▼-2
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.09 in 2024; short-term debt: 15.8% and cash: 10.7% of total assets), and 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
30.3%
Return on assets
4.7%
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
15 d early
2023
33 d early
2022
12 d early
2021
12 d early
2020
31 d early
2019
6 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, micro schema
Turnover
€120k▲ 15.1%
2022 · €104k
2020: €67k
2021: €96k
2022: €104k
2020 → 2023
EBIT margin
17.3%▲ 2.8pp
2022 · 14.5%
2020: 38.2%
2021: 32.7%
2022: 14.5%
2020 → 2023
Net result
€11k
2024 · €-2k
2018: €4k
2019: €12k
2020: €18k
2021: €5k
2022: €6k
2023: €13k
2024: €-2k
2018 → 2025
Working capital
€3k▲ 10.5%
2024 · €3k
2019: €-19k
2020: €688
2021: €2k
2022: €12k
2023: €17k
2024: €3k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€96k-€104k▲ 8.3%€120k▲ 15.1%
Equity€43k-€49k▲ 14.0%€62k▲ 25.9%€59k▼ 3.5%€70k▲ 18.5%
Operating result€31k-€15k▼ 52.0%€21k▲ 37.3%€12k▼ 44.1%€21k▲ 83.2%
Net result€5k-€6k▲ 27.5%€13k▲ 111%€-2k€11k
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 2025; 2025 is 83% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233k
Fixed assets
€193k▲ 25.4%
Current assets
€40k▲ 19.2%
Equity and liabilities €233k
Equity
€70k▲ 18.5%
Debt
€162k▲ 26.9%
The debt ratio rises from 68.3% to 69.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▲
2024 · €25k
Cash flow
€27k▲
2024 · €11k
Solvency
30.3%▼
2024 · 31.7%
Current ratio
1.08▼
2024 · 1.09
Quick ratio
1.08▼
2024 · 1.09
Debt / equity
2.31▲
2024 · 2.15
ROE
15.6%▲
2024 · -3.6%
ROA
4.7%▲
2024 · -1.2%
Interest coverage
7.43▲
2024 · 5.49
Debt
€162k▲
2024 · €128k
Debt ≤ 1 year
€37k▲
2024 · €31k
Debt > 1 year
€125k▲
2024 · €97k
Income taxes
€5k▼
2024 · €9k
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€187k€233k▲
Fixed assets21/28€154k€193k▲
Tangible fixed assets22/27€153k€192k▲
Land and buildings22€119k€164k▲
Plant, machinery and equipment23€693€1k▲
Furniture and vehicles24€34k€27k▼
Financial fixed assets28€600€600=
Current assets29/58€33k€40k▲
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40€14k€15k▲
Cash at bank and in hand54/58€19k€25k▲
Equity and liabilities
Total equity and liabilities10/49€187k€233k▲
Equity10/15€59k€70k▲
Contributions10/11€12k€12k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€35k€46k▲
Amounts payable17/49€128k€162k▲
Amounts payable after more than one year17€97k€125k▲
Financial debts170/4€97k€125k▲
Amounts payable within one year42/48€31k€37k▲
Current portion of amounts payable after more than one year42€22k€22k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€5k€10k▲
Other amounts payable47/48-€431
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€16k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€26k€40k▲
Operating profit (loss)9901€12k€21k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€7k€16k▲
Income taxes67/77€9k€5k▼
Profit (loss) for the period9904€-2k€11k▲
Profit (loss) for the period to be appropriated9905€-2k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€46k▲
Profit (loss) brought forward from the previous period14P€38k€35k▼
The notes to these accounts (7 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k ▼117%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €18k ▲53.9%
Net result €18k, the highest in the series.
31-12
Financial
Liquidity times 8current ratio 1.03
Current ratio from 0.14 to 1.03.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waasmunster · 1 establishment unit since 2008
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.
Maretak 3039250 WaasmunsterGround area
440 m²
Building footprint
61 m²
Volume, LiDAR
395 m³
Parcel 42023A0809/00C000, Flanders · tallest building 19.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE TROUWFEE BVBA
since 20082.175.680.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A0809/00C000 | Flanders | 440 m² | 1 · 61 m² | 19.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 4,574 companies in sector 82300 we hold annual accounts for 1,669. 1,304 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-2008
Fiscal year end31-12
Activities, NACEBEL
82300Organisation of conventions and trade shows
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
47690Retail sale of other cultural and recreation goods
47787Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.