ACTIVE

TROUBLEYN

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Financial year 2025 · closed on 31/12/2025

Net result

25 k €

-29.7% YoY

Gross margin

1,3 M €

-2.3% YoY

Equity

932,1 k €

+2.8% YoY

Workforce

18,1 ETP

+4.0% YoY

What does TROUBLEYN do?

TROUBLEYN is a Public limited company incorporated in 1985. Its registered office is in Wetteren. It employs on average 18,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.284.406

Incorporation

05/06/1985

Legal form

Public limited company

Registered office

Honderdweg 11
9230 Wetteren · FlandreSee on map

Contributed capital

224 000,00 €

Latest accounts

31/12/2025

Average workforce

18,1 ETP

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	-2.3%	1,3 M €	+4.9%	1,3 M €	+5.1%	1,2 M €	+3.2%	1,2 M €	+4.9%	1,1 M €	-14.7%	1,3 M €	-4.2%	1,4 M €	+17.7%	1,2 M €	+21.7%	956,5 k €	+0.8%	948,8 k €	+14.5%	828,5 k €	+6.7%	776,4 k €	-26.1%	1,1 M €	-2.9%	1,1 M €	+8.5%	997 k €	-18.0%	1,2 M €	+80.4%	674 k €	-28.3%	939,4 k €	+12.8%	832,6 k €
EBITDA	153,3 k €	-0.0%	153,3 k €	-9.4%	169,2 k €	-11.3%	190,8 k €	-4.3%	199,4 k €	-0.7%	200,8 k €	-15.1%	236,5 k €	+11.3%	212,6 k €	+16.3%	182,7 k €	+17.9%	154,9 k €	-13.5%	179,1 k €	-6.9%	192,4 k €	+649%	25,7 k €	-88.6%	225,8 k €	+7.0%	211,1 k €	-34.4%	321,6 k €	-37.3%	512,8 k €	+806%	-72,6 k €	-146%	159,3 k €	+5.3%	151,2 k €
Operating result	91,4 k €	-5.1%	96,4 k €	+15.5%	83,4 k €	-20.1%	104,4 k €	-4.9%	109,8 k €	+13.3%	96,9 k €	-14.8%	113,7 k €	+5.1%	108,2 k €	+11.9%	96,7 k €	+51.7%	63,7 k €	-28.1%	88,7 k €	-10.5%	99,1 k €	+232%	-75,3 k €	-172%	104,2 k €	+36.1%	76,6 k €	-53.9%	166,1 k €	-56.8%	384,4 k €	+325%	-170,9 k €	-340%	71,2 k €	-23.9%	93,6 k €
Net result	25 k €	-29.7%	35,6 k €	+178%	12,8 k €	-68.3%	40,4 k €	-35.6%	62,8 k €	+51.9%	41,3 k €	+286%	10,7 k €	-77.0%	46,6 k €	+72.2%	27 k €	+49.6%	18,1 k €	+0.4%	18 k €	+0.7%	17,9 k €	+6109%	287,8 €	-96.4%	8 k €	-71.6%	28,1 k €	-59.3%	69,2 k €	-75.0%	277,3 k €	+230%	-213,7 k €	-792%	30,9 k €	-42.7%	53,9 k €
Balance sheet
Equity	932,1 k €	+2.8%	907 k €	+4.1%	871,4 k €	+1.5%	858,6 k €	+4.9%	818,2 k €	+8.3%	755,4 k €	+5.7%	714,6 k €	+1.5%	703,9 k €	+7.1%	657,4 k €	+4.3%	630,3 k €	+3.0%	612,3 k €	+3.0%	594,3 k €	+3.1%	576,4 k €	-23.8%	756,1 k €	+1.1%	748,1 k €	+3.9%	720 k €	+52.9%	470,8 k €	+143%	193,4 k €	-55.9%	438,2 k €	0.0%	438,2 k €
Total assets	3 M €	+12.8%	2,7 M €	+7.9%	2,5 M €	-25.6%	3,3 M €	-12.3%	3,8 M €	+21.5%	3,1 M €	-5.2%	3,3 M €	+12.5%	2,9 M €	-3.5%	3 M €	+11.9%	2,7 M €	+0.0%	2,7 M €	-0.3%	2,7 M €	+4.9%	2,6 M €	-30.8%	3,7 M €	+20.9%	3,1 M €	-5.8%	3,3 M €	+35.4%	2,4 M €	+54.3%	1,6 M €	+6.4%	1,5 M €	+10.6%	1,3 M €
Cash	27,3 k €	-95.6%	620,9 k €	+32.7%	467,8 k €	-45.2%	853,4 k €	+115%	397,4 k €	-48.9%	777,8 k €	+12.5%	691,7 k €	+57.0%	440,6 k €	-3.4%	456,1 k €	-4.2%	476,1 k €	+330%	110,6 k €	-44.4%	198,8 k €	-42.0%	342,9 k €	+73.3%	197,9 k €	+15.2%	171,8 k €	+0.6%	170,7 k €	-70.1%	570,6 k €	+427%	108,2 k €	-15.7%	128,4 k €	+110%	61,2 k €
Debts	2,1 M €	+18.0%	1,8 M €	+10.1%	1,6 M €	-35.1%	2,4 M €	-17.1%	3 M €	+25.6%	2,4 M €	-7.9%	2,6 M €	+15.5%	2,2 M €	-6.4%	2,4 M €	+14.2%	2,1 M €	-0.7%	2,1 M €	-1.3%	2,1 M €	+5.5%	2 M €	-32.5%	3 M €	+27.7%	2,3 M €	-8.1%	2,5 M €	+34.1%	1,9 M €	+44.6%	1,3 M €	+26.7%	1 M €	+16.1%	885,6 k €
Other
Workforce	18,1 ETP	+4.0%	17,4 ETP	-7.9%	18,9 ETP	+0.5%	18,8 ETP	+3.9%	18,1 ETP	-5.7%	19,2 ETP	-6.8%	20,6 ETP	-9.6%	22,8 ETP	+18.1%	19,3 ETP	+12.2%	17,2 ETP	+6.8%	16,1 ETP	+14.2%	14,1 ETP	-18.0%	17,2 ETP	-11.3%	19,4 ETP	-3.0%	20,0 ETP	+5.8%	18,9 ETP	+21.2%	15,6 ETP	-13.8%	18,1 ETP	-11.7%	20,5 ETP	+2.5%	20,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

Gerry Troubleyn

Director · since 26 mai 2021

Active

Ended mandates

CHEOPS

Director · since 29 mai 2015 · 0446.571.964

Represented by Gerry Troubleyn

Ended

Gerry Troubleyn

Director · since 29 mai 2015

Ended

Myriam Floru

Director · since 29 mai 2015 · until 07 mai 2019

Ended

Myriam Floru

Director · since 29 mai 2015

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	25/07/2025	31/07/2024	08/07/2023	07/07/2022	09/06/2021
General meeting	07/07/2026	04/07/2025	13/07/2024	12/06/2023	20/06/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	07/07/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/07/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	13/07/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	08/07/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	12/07/2020	12/08/2020	Dutch	PDF
Abridged model	31/12/2018	14/07/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	03/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/03/2010	25/03/2010	Dutch	PDF
Abridged modelCorrection	31/12/2008	29/05/2009	24/11/2009	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/05/2009	Dutch	PDF
Abridged model	31/12/2007	02/01/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

Gerry Troubleyn

Director · since 26 mai 2021

Active

Ended mandates

CHEOPS

Director · since 29 mai 2015 · 0446.571.964

Represented by Gerry Troubleyn

Ended

Gerry Troubleyn

Director · since 29 mai 2015

Ended

Myriam Floru

Director · since 29 mai 2015 · until 07 mai 2019

Ended

Myriam Floru

Director · since 29 mai 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/05/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202525 k €↓
2024
Annual accounts 202435,6 k €↑
2023
Annual accounts 202312,8 k €↓
2022
Annual accounts 202240,4 k €↓
2021
Annual accounts 202162,8 k €↑
2020
Annual accounts 202041,3 k €↑
2019
Annual accounts 201910,7 k €↓
2018
Annual accounts 201846,6 k €↑
2017
Annual accounts 201727 k €↑
2016
Annual accounts 201618,1 k €↑
2015
Annual accounts 201518 k €↑
2014
Annual accounts 201417,9 k €↑
2013
Annual accounts 2013287,8 €↓
2012
Annual accounts 20128 k €↓
2011
Annual accounts 201128,1 k €↓
2010
Annual accounts 201069,2 k €↓
2009
Annual accounts 2009277,3 k €↑
2008
Annual accounts 2008-213,7 k €↓
2007
Annual accounts 200730,9 k €↓
2006
Annual accounts 200653,9 k €
05/06/1985
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TROUBLEYN

Overview

What does TROUBLEYN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline