T.O.G.
ActiveT.O.G. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €-166k. Equity is shrinking by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-17
Solvency25▼-7
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.31 against 10.55 in 2024; short-term debt: 42.9% and cash: 0.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.1%
Return on assets
-3.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-4k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
8 d early
2022
17 d early
2021
108 d early
2020
3 d early
2019
7 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-166k
2024 · €18k
2018: €-85k
2019: €-112k
2020: €77k
2021: €-136k
2022: €17k
2023: €12k
2024: €18k
2018 → 2025
Working capital
€2.57M▲ 25.8%
2024 · €2.05M
2018: €248k
2019: €221k
2020: €450k
2021: €564k
2022: €2.21M
2023: €1.78M
2024: €2.05M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€133k▲ 14.6%€144k▲ 8.9%€162k▲ 12.4%€-4k
Operating result€-111k-€61k€74k▲ 21.0%€68k▼ 8.4%€-125k
Net result€-136k-€17k€12k▼ 30.1%€18k▲ 52.0%€-166k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €125k after €68k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.59M
Fixed assets
€43k=
Current assets
€4.54M▲ 101%
Key figures and ratios
EBITDA
€-125k▼
2024 · €68k
Cash flow
€-166k▼
2024 · €18k
Solvency
-0.1%▼
2024 · 7.0%
Current ratio
2.31▼
2024 · 10.55
Quick ratio
0.01▼
2024 · 0.05
ROA
-3.6%▼
2024 · 0.8%
Interest coverage
-3.04▼
2024 · 1.35
Debt
€4.59M▲
2024 · €2.14M
Debt ≤ 1 year
€1.97M▲
2024 · €214k
Debt > 1 year
€2.62M▲
2024 · €1.93M
Staff costs
€81k▲
2024 · €78k
A ratio outside any meaningful range has been withheld (balance sheet total €4.59M, equity €-4k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.30M€4.59M▲
Fixed assets21/28€43k€43k=
Tangible fixed assets22/27€0-
Plant, machinery and equipment23€0-
Financial fixed assets28€43k€43k=
Current assets29/58€2.26M€4.54M▲
Stocks and contracts in progress3€2.25M€4.52M▲
Stocks30/36€1.95M€4.23M▲
Contracts in progress37€295k€295k=
Amounts receivable within one year40/41€3k€9k▲
Trade receivables40€260€3k▲
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€4k€13k▲
Deferred charges and accrued income490/1€3k€931▼
Equity and liabilities
Total equity and liabilities10/49€2.30M€4.59M▲
Equity10/15€162k€-4k▼
Contributions10/11€1.15M€1.15M=
Capital10€1.15M€1.15M=
Issued capital100€1.15M€1.15M=
Profit (loss) carried forward14€-988k€-1.15M▼
Amounts payable17/49€2.14M€4.59M▲
Amounts payable after more than one year17€1.93M€2.62M▲
Financial debts170/4€1.93M€2.62M▲
Amounts payable within one year42/48€214k€1.97M▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€117k€1.92M▲
Credit institutions430/8€117k€1.92M▲
Trade debts44€86k€35k▼
Suppliers440/4€86k€35k▼
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€246€246=
Remuneration and social security454/9€11k€11k▲
Accrued charges and deferred income492/3€987€679▼
Income statement
Code20242025
Remuneration, social security and pensions62€78k€81k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27€0▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€149k€-42k▼
Operating profit (loss)9901€68k€-125k▼
Financial income75/76B€205€0▼
Recurring financial income75€205€0▼
Financial charges65/66B€50k€41k▼
Recurring financial charges65€50k€41k▼
Profit (loss) for the period before taxes9903€18k€-166k▼
Profit (loss) for the period9904€18k€-166k▼
Profit (loss) for the period to be appropriated9905€18k€-166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-988k€-1.15M▼
Profit (loss) brought forward from the previous period14P€-1.01M€-988k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-166k ▼1024%
Net result drops to €-166k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €162k ▲12.4%
3 profitable years in a row build equity to €162k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €77k
Net result €77k after 2 loss-making years.
31-12
Financial
Liquidity times 23current ratio 48.93
Current ratio from 2.15 to 48.93; short-term debt falls from €193k to €9k.
31-12
Financial
Equity above €200kEq €252k ▲43.7%
Equity rises from €175k to €252k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zandhoven · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vierselbaan 1112240 ZandhovenGround area
5.3 ha
Building footprint
1,122 m²
Volume, LiDAR
7,741 m³
Parcel 11054C0531/00R000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
T.O.G.
since 20042.136.224.367
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11054C0531/00R000 | Flanders | 5.3 ha | 1 · 1,122 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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EBE-FEM
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SOYEZ TOITURES
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,339 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-02-2004
Fiscal year end31-12
Trade name NL
Chapitre
Activities, NACEBEL
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.