FULL TACTICAL
ActiveSummary
FULL TACTICAL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €685k and a net result of €42k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+4
Solvency69▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.13 against 2.95 in 2024; short-term debt: 17.6% and cash: 1.2% of total assets), but 55.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.4%
Return on assets
2.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
33 d early
2023
194 d late
2022
5 d early
2021
92 d late
2020
50 d early
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▲ 11.4%
2024 · €38k
Working capital
€577k▲ 3.9%
2024 · €555k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€142k▼ 17.8%€159k▲ 12.1%€106k▼ 33.7%€95k▼ 10.1%€101k▲ 6.4%
Net result€83k▼ 23.2%€98k▲ 18.1%€55k▼ 44.4%€38k▼ 30.8%€42k▲ 11.4%
Equity€451k▲ 22.6%€550k▲ 21.8%€604k▲ 10.0%€642k▲ 6.3%€685k▲ 6.6%
Total assets€1.11M▲ 6.2%€1.19M▲ 7.0%€1.65M▲ 38.7%€1.54M▼ 6.9%€1.54M▲ 0.4%
Debt€660k▼ 2.8%€640k▼ 3.1%€1.05M▲ 63.5%€893k▼ 14.6%€857k▼ 4.0%
Working capital€464k▲ 34.0%€516k▲ 11.3%€513k▼ 0.7%€555k▲ 8.3%€577k▲ 3.9%
Staff (FTE)4.7▲ 42.4%5.3▲ 12.8%5.2▼ 1.9%4.8▼ 7.7%5.1▲ 6.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€695k ▼ 0.3%
Current assets
€847k ▲ 0.9%
Equity and liabilities €1.54M
Equity
€685k ▲ 6.6%
Debt
€857k ▼ 4.0%
Debt's share of the balance-sheet total falls from 58.2% to 55.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€179k▲
2024 · €170k
Cash flow
€121k▲
2024 · €113k
Current ratio
3.13▲
2024 · 2.95
Quick ratio
0.59▲
2024 · 0.54
Debt to equity
1.25▼
2024 · 1.39
ROE
6.2%▲
2024 · 5.9%
ROA
2.7%▲
2024 · 2.5%
Interest coverage
4.98▲
2024 · 4.57
Debt ≤ 1 year
€271k▼
2024 · €284k
Debt > 1 year
€581k▼
2024 · €604k
Income taxes
€24k▲
2024 · €21k
Staff costs
€193k▲
2024 · €161k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €128k | €165k | €172k | €161k | €193k | ▲ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €54k | €74k | €75k | €78k | ▲ 4.6% |
| Other operating charges640/8 | €7k | €8k | €10k | €14k | €15k | ▲ 11.3% |
| Gross operating margin9900 | €329k | €386k | €361k | €345k | €387k | ▲ 12.2% |
| Operating profit (loss)9901 | €142k | €159k | €106k | €95k | €101k | ▲ 6.4% |
| Financial income75/76B | €767 | - | €570 | €2k | €2k | ▲ 0.1% |
| Recurring financial income75 | €767 | - | €570 | €2k | €2k | ▲ 0.1% |
| Financial charges65/66B | €19k | €19k | €24k | €37k | €36k | ▼ 3.0% |
| Recurring financial charges65 | €19k | €19k | €24k | €37k | €36k | ▼ 3.0% |
| Profit (loss) for the period before taxes9903 | €124k | €141k | €82k | €59k | €66k | ▲ 12.1% |
| Income taxes67/77 | €41k | €42k | €27k | €21k | €24k | ▲ 13.4% |
| Profit (loss) for the period9904 | €83k | €98k | €55k | €38k | €42k | ▲ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €83k | €98k | €55k | €38k | €42k | ▲ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.11M | €1.19M | €1.65M | €1.54M | €1.54M | ▲ 0.4% |
| Fixed assets21/28 | €380k | €366k | €756k | €696k | €695k | ▼ 0.3% |
| Intangible fixed assets21 | - | €3k | €3k | €2k | €1k | ▼ 33.6% |
| Tangible fixed assets22/27 | €380k | €362k | €753k | €694k | €693k | ▼ 0.2% |
| Land and buildings22 | €298k | €273k | €691k | €648k | €629k | ▼ 2.9% |
| Plant, machinery and equipment23 | €25k | €17k | €12k | €7k | €7k | ▼ 3.7% |
| Furniture and vehicles24 | €6k | €25k | €22k | €26k | €30k | ▲ 16.9% |
| Leasing and similar rights25 | €52k | €48k | €29k | €13k | €27k | ▲ 104% |
| Financial fixed assets28 | €420 | €420 | €420 | €420 | €420 | = |
| Current assets29/58 | €731k | €823k | €894k | €839k | €847k | ▲ 0.9% |
| Stocks and contracts in progress3 | €643k | €699k | €687k | €687k | €687k | = |
| Stocks30/36 | €643k | €699k | €687k | €687k | €687k | = |
| Amounts receivable within one year40/41 | €52k | €74k | €158k | €91k | €139k | ▲ 51.8% |
| Trade receivables40 | €52k | €68k | €143k | €66k | €100k | ▲ 53.1% |
| Other amounts receivable41 | €612 | €6k | €16k | €26k | €38k | ▲ 48.5% |
| Cash at bank and in hand54/58 | €24k | €40k | €42k | €58k | €18k | ▼ 69.0% |
| Deferred charges and accrued income490/1 | €11k | €10k | €6k | €3k | €3k | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.11M | €1.19M | €1.65M | €1.54M | €1.54M | ▲ 0.4% |
| Equity10/15 | €451k | €550k | €604k | €642k | €685k | ▲ 6.6% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Reserves13 | €392k | €490k | €543k | €581k | €623k | ▲ 7.3% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €390k | €488k | €543k | €581k | €623k | ▲ 7.3% |
| Profit (loss) carried forward14 | €41k | €41k | €41k | €41k | €41k | = |
| Amounts payable17/49 | €660k | €640k | €1.05M | €893k | €857k | ▼ 4.0% |
| Amounts payable after more than one year17 | €391k | €330k | €662k | €604k | €581k | ▼ 3.8% |
| Financial debts170/4 | €391k | €330k | €662k | €604k | €581k | ▼ 3.8% |
| Amounts payable within one year42/48 | €267k | €307k | €381k | €284k | €271k | ▼ 4.8% |
| Current portion of amounts payable after more than one year42 | €62k | €76k | €79k | €69k | €57k | ▼ 17.6% |
| Trade debts44 | €108k | €104k | €196k | €133k | €74k | ▼ 44.0% |
| Suppliers440/4 | €108k | €104k | €196k | €133k | €74k | ▼ 44.0% |
| Taxes, remuneration and social security45 | €96k | €127k | €107k | €82k | €139k | ▲ 69.4% |
| Taxes450/3 | €72k | €105k | €82k | €61k | €105k | ▲ 73.9% |
| Remuneration and social security454/9 | €24k | €22k | €25k | €22k | €34k | ▲ 56.8% |
| Other amounts payable47/48 | €784 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €2k | €3k | €3k | €5k | €6k | ▲ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €98k | €55k | €38k | €42k | ▲ 11.4% |
| + Depreciation and write-downs630 | €51k | €54k | €74k | €75k | €78k | ▲ 4.6% |
| Operating cash flow (approximation) | €135k | €152k | €129k | €113k | €121k | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | €-40k | €-464k | €-15k | €-77k | ▼ 408% |
| Change in cash | - | €16k | €2k | €16k | €-40k | ▼ 351% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
10-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 194 days late
2024
31-12
Financial
Weakest financial yearnet €38k ▼30.8%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €550k ▲21.8%
5 profitable years in a row build equity to €550k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €108k ▲36.8%
Operating result €173k, net result €108k, both a record.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 62 days late
2019
31-12
Financial
Equity above €200kEq €259k ▲44%
2 profitable years in a row build equity to €259k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
7 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, Bastogne · 3 establishment units since 2011
Ground area
4,929 m²
Building footprint
797 m²
Volume, LiDAR
3,463 m³
3 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
FULL TACTICAL
since 20112.204.266.008
Rue des Scabieuses(NN) 18, 5100 Namur
since 20172.282.186.997
BATTLE SHOP
since 20212.316.462.146
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92095B0211/00T006 | Wallonia | 3,793 m² | 1 · 551 m² | 6.3 m · 2 fl. |
| 82302C1218/00G000 | Wallonia | 891 m² | 1 · 149 m² | 7.3 m · 2 fl. |
| 82302B1011/00C000 | Wallonia | 244 m² | 1 · 97 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesBastogne2.204.266.008
Bastogne2.316.462.146
Namur2.282.186.997
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Of 2,336 companies in sector 47251 we hold annual accounts for 422. 195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46421Wholesale trade
47251Retail sale of wines and spirits
47639Retail sale of other sporting goods
Scores and ratios are computed by Checked and are not a credit decision.