Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Troef from Deinze, company number BE0421093133, closed financial year 2025 with a result of € 657,174 after tax. For that financial year Troef recorded revenue of € 29.3 million and equity of € 8.8 million. Compared with financial year 2024, the result moved from € 649,793 to € 657,174. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 8.8 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 657,174
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 416,960
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 8.7 million.
People and assets in 2025
30.6
▲ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 5% vs 2024
€ 49,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 165,187
▲ 109% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.6 million
▼ 40% vs 2024
€ 200,000 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 3 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 590,619
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,373,042 | € 28,246,847 | € 27,917,962 | € 29,285,104 | ▲ 5% |
| Profit after taxes | € 336,931 | € -54,842 | € 649,793 | € 657,174 | ▲ 1% |
| Equity | € 7,529,362 | € 7,474,519 | € 8,124,312 | € 8,781,486 | ▲ 8% |
| Total debts | € 12,495,949 | € 11,966,829 | € 11,367,949 | € 8,400,575 | ▼ 26% |
| Cash | € 1,105,212 | € 796,708 | € 1,705,257 | € 416,960 | ▼ 76% |
| Land & buildings | € 15,201,236 | € 13,913,734 | € 13,449,624 | € 12,848,981 | ▼ 4% |
| Retained profit | € 7,467,862 | € 7,413,019 | € 8,062,812 | € 8,719,986 | ▲ 8% |
| Bank debt | € 8,336,667 | € 8,093,333 | € 5,969,936 | € 3,560,000 | ▼ 40% |
| Balance sheet total | € 20,025,310 | € 19,441,348 | € 19,492,261 | € 17,182,061 | ▼ 12% |
| Employees (FTE) | 28.9 | 29 | 27.1 | 30.6 | ▲ 3.5 |
Key figures of Troef, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Troef?
What happened at Troef in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- STEFAAN DEWITTE CommV stepped down as director. NBB
- THEO DEWITTE CommV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 657,174 (▲ 1% vs 2024). Source: NBB ↗
- STEFAAN DEWITTE CommV became a director. NBB
- THEO DEWITTE CommV became a director. NBB
- New establishment in Deinze. KBO
- Start of the company according to the CBE. KBO
In short
From € 336,931 profit in 2022 to € 657,174 profit in 2025.
Paid € 505,811 in corporate taxes since 2022.
Best year ever: 2025, with € 657,174 profit.
Pays suppliers within 41 days on average.
Management
The stake of MORUS ALBA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TroefThe shares are held by MORUS ALBA (100%).
Directors
According to the 2025 annual accounts
since 2014 · until 2027
Director · represented by STEFAAN DEWITTE
Also active at: QUALITRANS, WEBA SYSTEMS
since 2023 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentsesteenweg 42
9800 Deinze
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.093.133
- VAT number
- BE 0421.093.133
- Registered office
- Gentsesteenweg 42, 9800 Deinze
- Names & denominations
- Troef
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 1980
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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