T-BOX
ActiveSummary
The computed 12-month bankruptcy probability of T-BOX is 2.0% (moderate). The 2025 annual accounts show equity of €94,441 and a net result of €55,207. Equity is growing by ~92% per year across the filed fiscal years. Its solvency ranks better than 38% of 980 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+9
Solvency53▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.41 in 2024; short-term debt: 24.8% and cash: 15% of total assets), and 71.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
28.3%
Return on assets
16.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
27 d late
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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. Usually files around 31 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€94,441▲ 141%
2024 · €39,234
Total assets
€334,182▲ 6.7%
2024 · €313,249
Net result
€55,207▲ 92.0%
2024 · €28,749
Working capital
-€11,128▲ 78.9%
2024 · -€52,647
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€31,470--€10,964▲ 65.2%€33,101€68,222▲ 106%
Net result-€33,678below the sector's middle half--€15,837below the sector's middle half▲ 53.0%€28,749within the sector's middle half€55,207above the sector's middle half▲ 92.0%
Equity€26,322within the sector's middle half-€10,485below the sector's middle half▼ 60.2%€39,234within the sector's middle half▲ 274%€94,441within the sector's middle half▲ 141%
Total assets€321,706within the sector's middle half-€275,002within the sector's middle half▼ 14.5%€313,249within the sector's middle half▲ 13.9%€334,182within the sector's middle half▲ 6.7%
Debt€295,384-€264,517▼ 10.4%€274,015▲ 3.6%€239,741▼ 12.5%
Working capital-€15,892below the sector's middle half--€38,955below the sector's middle half▼ 145%-€52,647below the sector's middle half▼ 35.1%-€11,128within the sector's middle half▲ 78.9%
Solvency8.2%below the sector's middle half-3.8%below the sector's middle half▼ 4.4pp12.5%below the sector's middle half▲ 8.7pp28.3%within the sector's middle half▲ 15.7pp
Current ratio0.73below the sector's middle half-0.28below the sector's middle half▼ 0.450.41below the sector's middle half▲ 0.140.87within the sector's middle half▲ 0.45
Return on assets (ROA)-10.5%below the sector's middle half--5.8%below the sector's middle half▲ 4.7pp9.2%within the sector's middle half▲ 14.9pp16.5%within the sector's middle half▲ 7.3pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 106% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €334,182
Fixed assets
€262,486 ▼ 4.9%
Current assets
€71,696 ▲ 92.9%
Equity and liabilities €334,182
Equity
€94,441 ▲ 141%
Debt
€239,741 ▼ 12.5%
Debt's share of the balance-sheet total falls from 87.5% to 71.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€84,174▲
2024 · €48,322
Cash flow
€71,159▲
2024 · €43,970
Debt to equity
2.54▼
2024 · 6.98
ROE
58.5%▼
2024 · 73.3%
Interest coverage
19.55▲
2024 · 10.24
Debt ≤ 1 year
€82,824▼
2024 · €89,807
Debt > 1 year
€156,632▼
2024 · €183,881
Income taxes
€8,710
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,177 | €14,040 | €15,221 | €15,952 | ▲ 4.8% |
| Other operating charges640/8 | €348 | €384 | €528 | €2,621 | ▲ 397% |
| Gross operating margin9900 | -€24,946 | €3,460 | €48,849 | €86,795 | ▲ 77.7% |
| Operating profit (loss)9901 | -€31,470 | -€10,964 | €33,101 | €68,222 | ▲ 106% |
| Financial income75/76B | - | €0 | €369 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €369 | €0 | ▼ 100% |
| Financial charges65/66B | €2,208 | €4,873 | €4,720 | €4,305 | ▼ 8.8% |
| Recurring financial charges65 | €2,208 | €4,873 | €4,720 | €4,305 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | -€33,678 | -€15,837 | €28,749 | €63,916 | ▲ 122% |
| Income taxes67/77 | - | - | - | €8,710 | - |
| Profit (loss) for the period9904 | -€33,678 | -€15,837 | €28,749 | €55,207 | ▲ 92.0% |
| Profit (loss) for the period to be appropriated9905 | -€33,678 | -€15,837 | €28,749 | €55,207 | ▲ 92.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €321,706 | €275,002 | €313,249 | €334,182 | ▲ 6.7% |
| Fixed assets21/28 | €279,114 | €260,075 | €276,089 | €262,486 | ▼ 4.9% |
| Tangible fixed assets22/27 | €279,114 | €260,075 | €276,089 | €262,486 | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €1,974 | - |
| Other tangible fixed assets26 | €279,114 | €260,075 | €276,089 | €260,512 | ▼ 5.6% |
| Current assets29/58 | €42,592 | €14,928 | €37,161 | €71,696 | ▲ 92.9% |
| Amounts receivable within one year40/41 | €2,638 | €8,135 | €12,586 | €21,471 | ▲ 70.6% |
| Trade receivables40 | €595 | €8,135 | €12,586 | €21,471 | ▲ 70.6% |
| Other amounts receivable41 | €2,043 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €39,892 | €6,674 | €24,493 | €50,141 | ▲ 105% |
| Deferred charges and accrued income490/1 | €62 | €119 | €81 | €84 | ▲ 3.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €321,706 | €275,002 | €313,249 | €334,182 | ▲ 6.7% |
| Equity10/15 | €26,322 | €10,485 | €39,234 | €94,441 | ▲ 141% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€33,678 | -€49,515 | -€20,766 | €34,441 | ▲ 266% |
| Amounts payable17/49 | €295,384 | €264,517 | €274,015 | €239,741 | ▼ 12.5% |
| Amounts payable after more than one year17 | €236,900 | €210,634 | €183,881 | €156,632 | ▼ 14.8% |
| Financial debts170/4 | €236,900 | €210,634 | €183,881 | €156,632 | ▼ 14.8% |
| Amounts payable within one year42/48 | €58,484 | €53,883 | €89,807 | €82,824 | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | €15,100 | €28,433 | €28,960 | €29,498 | ▲ 1.9% |
| Trade debts44 | €29,384 | €9,699 | €9,585 | €19,695 | ▲ 105% |
| Suppliers440/4 | €29,384 | €9,699 | €9,585 | €19,695 | ▲ 105% |
| Taxes, remuneration and social security45 | - | €1,751 | €7,262 | €9,631 | ▲ 32.6% |
| Taxes450/3 | - | €1,751 | €7,262 | €9,631 | ▲ 32.6% |
| Other amounts payable47/48 | €14,000 | €14,000 | €44,000 | €24,000 | ▼ 45.5% |
| Accrued charges and deferred income492/3 | - | - | €326 | €285 | ▼ 12.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,678 | -€15,837 | €28,749 | €55,207 | ▲ 92.0% |
| + Depreciation and write-downs630 | €6,177 | €14,040 | €15,221 | €15,952 | ▲ 4.8% |
| Operating cash flow (approximation) | -€27,501 | -€1,797 | €43,970 | €71,159 | ▲ 61.8% |
| Investment in fixed assets (approximation) | - | €5,000 | -€31,235 | -€2,350 | ▲ 92.5% |
| Change in cash | - | -€33,218 | €17,819 | €25,648 | ▲ 43.9% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €55,207 ▲92%
Operating result €68,222, net result €55,207, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €28,749
Net result €28,749 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2022
Ground area
316 m²
Building footprint
119 m²
Volume, LiDAR
728 m³
Parcel 45035B0569/00C000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
T-BOX
since 20222.331.195.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0569/00C000 | Flanders | 316 m² | 1 · 119 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Subsidies and aid
Flemish government
2022 · 1 entry · 5,970 EUR awarded · 5,970 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 5,970 EUR | 5,970 EUR |
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Of 1,031 companies in this sector we hold annual accounts for 769. 410 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded20-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
52100Warehousing and storage
68121Development of residential building projects
68122Development of non-residential building projects
43120Site preparation
49420Removal services
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784984277
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.