Active BE 0479.524.052Public limited company

TADA

Elsense Steenweg 16 ·1050 Elsene, Belgium· 23 yrs active

Sector: Non-specialised retail sale with food, beverages or tobacco predominating (47110)

Conclusion Checked

TADA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €808k and a net result of €460k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 249 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€808k
Net result	€460k
Better than sector	88%
Active	23 yrs

Financial profile 5 of 5 axes measured · computed by Checked

93 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 100

Solvency 95

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2003, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview23 NBB filings

Annual accounts filed on 01-07-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~7.8%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	58.4%	13.9%	better than 88% of 249 sector peers
Net result	€460k	€19k	better than 92% of 249 sector peers
Equity	€808k	€95k	better than 87% of 249 sector peers
Gross operating margin	€1.45M	€323k	better than 90% of 218 sector peers
Staff costs	€732k	€281k	higher than 77% of 220 sector peers

EBITDA

€707k

-8.9% 18-25

Net profit

€460k

-10.0% 18-25

Cash flow

€525k

-7.3% 18-25

Total assets

€1.38M

+7.1% 18-25

Equity

€808k

+6.3% 18-25

Working capital

€491k

+2.5% 18-25

Employees (FTE)

15

-14.2% 18-25

Staff costs

€732k

-1.9% 18-25

Income taxes

€159k

-17.4% 18-25

Dividends

€440k

-17.0% 18-25

Debt

€573k

+8.7% 18-25

Debt ≤ 1y

€553k

+11.7% 18-25

Debt > 1y

€10k

-47.0% 18-25

Current ratio

1.89

-4.0% 18-25

Quick ratio

1.59

-2.5% 18-25

Solvency

58.4%

-0.7% 18-25

Debt / equity

0.71

+2.2% 18-25

ROE

56.9%

-15.4% 18-25

ROA

33.2%

-16.0% 18-25

Interest coverage

8.70

-28.6% 18-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	full schema
Revenue	-
EBITDA	€707k
Net profit	€460k
Cash flow	€525k
Staff costs	€732k
Income taxes	€159k
Dividends	-
Total assets	€1.38M
Equity	€808k
Debt	€573k
of which ≤ 1y	€553k
of which > 1y	-
Working capital	€491k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.89
Quick ratio	1.59
Working capital ratio	35.4%
Solvency	58.4%
Debt / equity	0.71
Long-term debt ratio	-
Interest coverage	8.70
Gross margin	-
Net margin	-
ROA	33.2%
ROE	56.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Balance-sheet composition 2025

Assets

Fixed assets €341k · 24.6% Current assets €1.04M · 75.4%

Equity & liabilities

Equity €808k · 58.4% Provisions €3k · 0.2% Debt €573k · 41.4%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.38M
Fixed assets	21/28	€341k
Tangible fixed assets	22/27	€181k
Financial fixed assets	28	€159k
Current assets	29/58	€1.04M
Stocks & contracts in progress	3	€162k
Amounts receivable within one year	40/41	€490k
Investments	50/53	€192k
Cash & bank	54/58	€171k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.38M
Equity	10/15	€808k
Contributions / capital	10/11	€150k
Reserves	13	€185k
Accumulated profits (losses)	14	€462k
Provisions & deferred taxes	16	€3k
Amounts payable	17/49	€573k
Amounts payable within one year	42/48	€553k
Trade debts payable within one year	44	€402k
Income statement
Gross operating margin	9900	€1.45M
Operating result	9901	€643k
Financial income	75	€56k
Financial charges	65	€81k
Result before taxes	9903	€617k
Income taxes	67/77	€159k
Net result for the period	9904	€460k
Result to be appropriated	9905	€460k

Legal Structure

NACE primary	Non-specialised retail sale with food, beverages or tobacco predominating(47110)
Legal form	Public limited company(014)
Incorporation	11-02-2003
Status	Active
Postal code	1050

Establishment units 1 location

GB EXPRESS

Elsense Steenweg 16, 1050 ElseneNACE 52114

since 20032.126.865.253

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21009A0767/00K000	Brussels	685 m²	1 · 608 m²	19.1 m · 4 fl.

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.

Updates 11 events

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

23-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

07-06

State Gazette act Director changes

2023

29-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Highest result since 2018net €530k ▲90.3%

Net result €530k, the highest in the series.

31-12

Financial Equity above €500kEq €743k ▲49.3%

5 profitable years in a row build equity to €743k.

22-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

07-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 7 days late

2020

24-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Weakest financial yearnet €241k ▼22.6%

Net result drops to €241k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €500kEq €563k ▲17.3%

2 profitable years in a row build equity to €563k.

02-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 2 days late

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 28 days late

2017

25-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 25 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

07-06-2024 3 reappointed Director changes

HAZAN David, Commissaris
HAZAN Tania, Commissaris
NOVAX, Commissaris

Original publication ↗

Technical details

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  "act_meta": {
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Non-specialised retail sale with food, beverages or tobacco predominating47110Supermarkets4711452114

Names & trade names

Legal nameFR

TADA

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