Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
e-TROVA from Jabbeke, company number BE0770965106, closed financial year 2025 with a result of € -594,568 after tax. For that financial year e-TROVA recorded a gross margin of € -164,484 and equity of € -44,624. Compared with financial year 2024, the result moved from € -706,926 to € -594,568. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ -44,624
▼ € 594,568 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -594,568
▲ 16 % less loss than in 2024
Profit after tax over the fiscal year.
€ 112,644
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2025
€ 153,675
▲ 51% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,407
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.8 million
▲ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 145,847
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,414
▲ € 14,255 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -126,469 | € -163,095 | € -418,748 | € -164,484 | ▲ € 254,264 |
| Profit after taxes | € -142,790 | € -283,843 | € -706,926 | € -594,568 | ▲ € 112,358 |
| Equity | € 668,710 | € 1,056,871 | € 549,944 | € -44,624 | ▼ € 594,568 |
| Total debts | € 80,153 | € 1,750,179 | € 1,915,850 | € 2,040,216 | ▲ 6% |
| Cash | € 244,572 | € 825,005 | € 272,217 | € 112,644 | ▼ 59% |
| Retained profit | € -142,790 | € -426,633 | € -1,133,559 | € -1,728,126 | ▼ € 594,568 |
| Bank debt | € 0 | € 1,700,000 | € 1,737,010 | € 1,825,050 | ▲ 5% |
| Balance sheet total | € 748,864 | € 2,807,051 | € 2,465,794 | € 1,995,592 | ▼ 19% |
Key figures of e-TROVA, 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 e-TROVA?
What happened at e-TROVA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Kegels stepped down as director. NBB
- Codel BV stepped down as director. NBB
- Jan Van Brussel stepped down as director. NBB
- Patrick Collignon stepped down as director. NBB
- Jan Bracke stepped down as director. NBB
- Michel VAN DEN BROECK stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 594,568. Source: NBB ↗
- New establishment in Jabbeke. KBO
In short
From € 142,790 loss in 2022 to € 594,568 loss in 2025.
Paid € 111 in corporate taxes since 2022.
A new publication or filing at e-TROVA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CODEL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
e-TROVAThe shares are held by CODEL (12.7%).
Directors
According to the 2025 annual accounts
Paul Kegels
Director
since 2021 · until 2027
since 2021 · until 2027
Jan Van Brussel
Director
since 2021 · until 2027
Patrick Collignon
Director
since 2021 · until 2027
Jan Bracke
Director
since 2021 · until 2027
since 2021 · until 2027
Shareholders
12.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Thems 116
8490 Jabbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0770.965.106
- VAT number
- BE 0770.965.106
- Registered office
- Grote Thems 116, 8490 Jabbeke
- Names & denominations
- e-TROVA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 2021
- Peppol
- Active · Active since 28 Oct 2025
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