ACTIVE

Paard van Troje

Financial year 2025 · Closed on 31/12/2025

Net result180,8 k €-20,7 %over 1 year
Gross margin632,9 k €-5,2 %over 1 year
Equity597,4 k €+23,1 %over 1 year
Workforce6,1 ETP-12,9 %over 1 year

Identity

Source · BCE/KBO

Paard van Troje is a Private limited company incorporated in 2003. Its registered office is in Gent. It employs on average 6,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0861.645.753
Incorporation
14/11/2003
Legal form
Private limited company
Registered office
Kouter 113-114
9000 Gent · FlandreSee on map
Contributed capital
27 090,57 €
Latest accounts
31/12/2025
Average workforce
6,1 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin632,9 k €667,5 k €614 k €1 M €349,4 k €
EBITDA273,8 k €346,3 k €237,9 k €401,5 k €132,7 k €
Operating result236,5 k €303,6 k €190,7 k €333,5 k €54,8 k €
Net result180,8 k €227,8 k €129,9 k €239,9 k €44,3 k €
Balance sheet
Equity597,4 k €485,3 k €328,4 k €253,5 k €123,6 k €
Total assets1 M €916,8 k €785,3 k €786,6 k €559,5 k €
Cash357,5 k €385,8 k €360,5 k €419,4 k €95,3 k €
Debts436,3 k €423,7 k €454,5 k €530,6 k €433,4 k €
Other
Workforce6,1 ETP7,0 ETP6,6 ETP7,1 ETP8,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 9 ended

Active mandates

Kris Latoir

Director

Active

Ended mandates

Kris Latoir

Director · since 31 mai 2021

Ended
ANNELIES JOOS

Manager · since 01 avril 2015

Ended
MONTEZ

Manager · since 28 août 2007 · 0882.357.728

Represented by Bart Meyskens

Ended
Annelies Joos

Manager · until 04 janvier 2018

Ended

Other companies at this address

Kouter 113-114 9000 Gent
CompanyCBE no.
0630.823.365

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/202101/04/202001/04/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months21 months12 months12 months
Filing date31/08/202631/07/202505/07/202428/07/202319/07/202125/09/2020
General meeting18/06/202619/06/202520/06/202430/06/202301/06/202110/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/06/202631/08/2026DutchPDF
Abridged model31/12/202419/06/202531/07/2025DutchPDF
Abridged model31/12/202320/06/202405/07/2024DutchPDF
Abridged model31/12/202230/06/202328/07/2023DutchPDF
Abridged model31/03/202101/06/202119/07/2021DutchPDF
Abridged model31/03/202010/09/202025/09/2020DutchPDF
Abridged model31/03/201927/09/201924/10/2019DutchPDF
Abridged model31/03/201827/09/201829/10/2018DutchPDF
Abridged model31/03/201706/06/201730/11/2017DutchPDF
Abridged model31/03/201607/06/201621/10/2016DutchPDF
Abridged model31/03/201503/09/201530/09/2015DutchPDF
Abridged model31/03/201426/09/201414/10/2014DutchPDF
Abridged model31/03/201304/06/201309/10/2013DutchPDF
Abridged model31/03/201230/09/201231/10/2012DutchPDF
Abridged model31/03/201120/10/201123/11/2011DutchPDF
Abridged model31/03/201009/11/201029/11/2010DutchPDF
Abridged model31/03/200902/06/200926/11/2009DutchPDF
Abridged model31/03/200803/06/200828/11/2008DutchPDF
Abridged model31/03/200706/06/200721/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 9 ended

Active mandates

Kris Latoir

Director

Active

Ended mandates

Kris Latoir

Director · since 31 mai 2021

Ended
ANNELIES JOOS

Manager · since 01 avril 2015

Ended
MONTEZ

Manager · since 28 août 2007 · 0882.357.728

Represented by Bart Meyskens

Ended
Annelies Joos

Manager · until 04 janvier 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/03/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Mandates29/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/02/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/10/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office06/01/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares22/03/2011
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates18/05/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/03/2009
    BENAMING - ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025180,8 k €↓
  2. 2024
    Annual accounts 2024227,8 k €↑
  3. 2023
    Annual accounts 2023129,9 k €↓
  4. 2022
    Annual accounts 2022239,9 k €↑
  5. 2021
    Annual accounts 202144,3 k €↓
  6. 2020
    Annual accounts 202054,9 k €↑
  7. 2019
    Annual accounts 2019-62,3 k €↓
  8. 2018
    Annual accounts 20183,1 k €↑
  9. 2017
    Annual accounts 2017-4,9 k €↓
  10. 2016
    Annual accounts 201618,9 k €↓
  11. 2015
    Annual accounts 201559,9 k €↑
  12. 2014
    Annual accounts 201414,1 k €↓
  13. 2013
    Annual accounts 201324,9 k €↑
  14. 2012
    Annual accounts 2012-82,6 k €↓
  15. 2011
    Annual accounts 2011-55,5 k €↓
  16. 2010
    Annual accounts 2010195 €↓
  17. 2009
    Annual accounts 200937 k €↓
  18. 2008
    Annual accounts 200872,7 k €↑
  19. 2007
    Annual accounts 20079,6 k €
  20. 14/11/2003
    IncorporationPrivate limited company