Equity
€604,374 from €1.2m in 2023
Equity fell by 51% in 2 years.
TABO
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €1.9m (2023)
€270,779▼ 57.7%
peak €3.1m (2025)
€3.1m▲ 35.3%
peak €1.2m (2023)
€604,374▲ 15.5%
€2.5m▼ 17.3%
peak 1 FTE (2022)
1 FTEunchanged
Board3 names since 2019
-
Owners2 names in the annual accounts
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Gross margin from €640,455 to €270,779Result from €2.3m to €3.1mDividend €3.0mEquity from €523,236 to €604,374Debts from €3.1m to €2.5m
Key points
from the 2025 annual accountsResult
€3.1m ▲ 35.3%
The result rose in 2025 from €2.3m to €3.1m.
Turnover
≈ €640,000 estimated
The accounts state no turnover.
Debts
€2.5m 81% of the balance sheet
Suppliers 0%Taxes and wages 36%Other 64%
Filings
26 annual accounts since 2000
The 2024 accounts came 1 day late. The other nine of the last ten were filed on time.
Position in the sector
€3.1m
Higher net result than 95% of companies in fabricated metal products. Sector median €79,515 · 834 companies.
Checked score
95
Excellent
Financially stronger than 58% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.2 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.2%▼ -0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Size: 1 FTE, total assets €3.1m
Figures for financial year 2025 (filed on 28-07-2026)
Founded in 1999
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 22% of them on solvency, 49% on liquidity, 94% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as TABO has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TABO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for TABO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.47 (0.51 in 2024), below 1. Short-term debt is 80.7% and cash 37.4% of total assets. 80.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 834 sector peers (2025).
NBB · sector comparisonPosition among 834 sector peers
Solvency
better than 17%
← weakest
strongest →
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 days early
2024
1 day late
2023
on the day
2022
on the day
2021
31 days early
2020
18 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- Geert Ferketannual accounts 2025
- Pascal Van Styvendaelannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0467381038
Purpose change · Amendment of the articles
“Het verstrekken van adviezen en het verlenen van diensten aan ondernemingen en vennootschappen waarmee de…” (deed in Dutch) · General meeting of 02-07-2024 · Gazette deed
Registered office moved from Antwerp to Ghent
New registered office: De Pintelaan 298 te 9000 Gent · Previous registered office: Bisschoppenhoflaan 301 bus 9-2100 Antwerpen · Board meeting of 14-10-2023 · Gazette deed
3 directors reappointed
Geert Ferket (managing director), Pascal Van Styvendael (managing director) and Heidi Demuynck · General meeting of 24-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TABO Ghent | €3.1m | €270,779 | 19.3% | 1 |
| M-Wildri Tessenderlo-Ham | €2.9m | €443,240 | 23.4% | 2.5 |
| M-Tanks Brecht | €2.7m | €557,845 | 30.1% | 3.1 |
| PREXIS Roeselare | €2.0m | €136,535 | 59.9% | - |
| STERA INVEST Zemst | €0.9m | €184,776 | 89.2% | - |
| BODEMS AECK Torhout | €0.9m | €124,060 | 35.9% | - |
| DUBOIS TRC Bilzen-Hoeselt | €3.3m | €131,443 | 54.7% | - |
These companies have the same main activity as TABO: manufacture of fabricated metal products, except machinery and equipment (NACE 25220). They are comparable in size and age: total assets between €885,000 and €3.3m, founded between 1978 and 1999.
Official details
Source: KBO- Status
- Active since 19-11-1999Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipmentNACE 25220and 1 other
- Establishment unit
- 2.099.310.5239000 Ghent, since 25-01-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 09-04-2026
Annual accounts 2025
- €3.1m▼ 12.5%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on TABO
TABO has existed since 1999. In 2008 the gross margin rose from €329,686 to €996,899.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TABO
- What is the company number of TABO?
- The company number of TABO is 0467.381.038. The VAT number is the same number with BE in front: BE 0467.381.038.
- Where is TABO based?
- The registered office is at De Pintelaan 298, 9000 Ghent.Company details
- What does TABO do?
- According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25220).
- What is the legal form of TABO?
- TABO is a public limited company (NV).
- When was TABO founded?
- TABO was founded on 19-11-1999.
- Is TABO still active?
- Yes, TABO is an active enterprise in the KBO register.
- How many employees does TABO have?
- TABO had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of TABO?
- The turnover in financial year 2025 is ≈ €640,000. This figure is estimated from the gross margin of €270,779 and 2,275 comparable companies of the same size. It probably lies between €380,000 and €1.1m. It is a rough estimate.
- Is TABO profitable?
- In financial year 2025, TABO made a profit of €3.1m.
- Where can I find the annual accounts of TABO?
- TABO filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TABO due?
- TABO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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