e-TROVA
ActiveThe annual accounts of e-TROVA for fiscal year 2024 show a net loss of 67% of the equity at the start of that year. The 2024 annual accounts show equity of €550k and a net result of €-707k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 37959 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-6
Solvency47▼-16
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 10.05 against 51.06 in 2023; short-term debt: 7% and cash: 11% of total assets), but 77.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
22.3%
Return on assets
-28.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-707k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 37959 sector peers (2024).
NBB · sector comparisonPosition among 37959 sector peers
Solvency
better than 22%
← weakest
strongest →
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 22-07-2025, 9 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
41 d early
2022
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€550k▼ 48.0%
2023 · €1.06M
2022: €669k
2023: €1.06M
2022 → 2024
Total assets
€2.47M▼ 12.2%
2023 · €2.81M
2022: €749k
2023: €2.81M
2022 → 2024
Net result
€-707k▼ 149%
2023 · €-284k
2022: €-143k
2023: €-284k
2022 → 2024
Working capital
€1.56M▼ 26.9%
2023 · €2.13M
2022: €263k
2023: €2.13M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€669k-€1.06M▲ 58.0%€550k▼ 48.0%
Operating result€-142k-€-276k▼ 93.7%€-674k▼ 145%
Net result€-143k-€-284k▼ 98.8%€-707k▼ 149%
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 €674k in 2024 against €276k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.47M
Fixed assets
€739k▲ 16.0%
Current assets
€1.73M▼ 20.4%
Equity and liabilities €2.47M
Equity
€550k▼ 48.0%
Debt
€1.92M▲ 9.5%
The debt ratio rises from 62.3% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-521k▼
2023 · €-164k
Cash flow
€-553k▼
2023 · €-172k
Solvency
22.3%▼
2023 · 37.7%
Current ratio
10.05▼
2023 · 51.06
Quick ratio
7.05▼
2023 · 51.06
Debt / equity
3.48▲
2023 · 1.66
ROE
-128.5%▼
2023 · -26.9%
ROA
-28.7%▼
2023 · -10.1%
Interest coverage
-16.04▲
2023 · -20.16
Debt
€1.92M▲
2023 · €1.75M
Debt ≤ 1 year
€172k▲
2023 · €43k
Debt > 1 year
€1.74M▲
2023 · €1.70M
Income taxes
€111
Staff costs
€101k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.81M€2.47M▼
Fixed assets21/28€637k€739k▲
Intangible fixed assets21€632k€732k▲
Tangible fixed assets22/27€4k€7k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€335€4k▲
Current assets29/58€2.17M€1.73M▼
Stocks and contracts in progress3-€515k
Stocks30/36-€515k
Amounts receivable within one year40/41€1.32M€933k▼
Trade receivables40-€518
Other amounts receivable41€1.32M€933k▼
Cash at bank and in hand54/58€825k€272k▼
Deferred charges and accrued income490/1€23k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.81M€2.47M▼
Equity10/15€1.06M€550k▼
Contributions10/11€1.48M€1.68M▲
Capital10€1.48M€1.68M▲
Issued capital100€1.48M€1.68M▲
Profit (loss) carried forward14€-427k€-1.13M▼
Amounts payable17/49€1.75M€1.92M▲
Amounts payable after more than one year17€1.70M€1.74M▲
Financial debts170/4€1.70M€1.74M▲
Amounts payable within one year42/48€43k€172k▲
Trade debts44€42k€171k▲
Suppliers440/4€42k€171k▲
Taxes, remuneration and social security45-€159
Taxes450/3-€111
Remuneration and social security454/9-€48
Other amounts payable47/48€679€679=
Accrued charges and deferred income492/3€8k€7k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€101k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€154k▲
Other operating charges640/8€708€387▼
Non-recurring operating charges66A€225-
Gross operating margin9900€-163k€-419k▼
Operating profit (loss)9901€-276k€-674k▼
Financial income75/76B€2€46▲
Recurring financial income75€2€46▲
Financial charges65/66B€8k€32k▲
Recurring financial charges65€8k€32k▲
Profit (loss) for the period before taxes9903€-284k€-707k▼
Income taxes67/77-€111
Profit (loss) for the period9904€-284k€-707k▼
Profit (loss) for the period to be appropriated9905€-284k€-707k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-427k€-1.13M▼
Profit (loss) brought forward from the previous period14P€-143k€-427k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-707k
Net result drops to €-707k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 12current ratio 51.06
Current ratio from 4.28 to 51.06; short-term debt falls from €80k to €43k.
31-12
Financial
Equity above €1MEq €1.06M ▲58%
Equity rises from €669k to €1.06M.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Jabbeke · 1 establishment unit since 2021
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.
Grote Thems 1168490 JabbekeGround area
1,680 m²
Building footprint
181 m²
Volume, LiDAR
997 m³
Parcel 31442C0656/00B000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
e-TROVA
since 20212.322.541.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0656/00B000 | Flanders | 1,680 m² | 1 · 181 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 10 entries · 557,828 EUR awarded · 455,828 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 2,583 EUR | 2,730 EUR |
| 2024 | 4 | -5,806 EUR | 421,835 EUR |
| 2023 | 3 | 561,051 EUR | 31,263 EUR |
Schemes
Ontwikkelingsproject
O&O-haalbaarheidsstudie
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 33,880 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-2021
Fiscal year end31-12
Activities, NACEBEL
29100Manufacture of motor vehicles, trailers and semi-trailers
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
77400Rental and leasing activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.