Equity
€295,750 from €627,699 in 2016
Equity fell by 53% in 9 years.
TAGALY
Lifetime
20 annual accounts with figures on one time axis, 44 filings since 1982peak €456,607 (2016)
€27,611▲ 63.0%
lowest -€47,642 (2018)
€235▲ €16,296
peak €627,699 (2016)
€295,750▼ 5.6%
€35,692▼ 62.8%
Board2 names since 1982
1 directorDINNEWETH Martine
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €16,944 to €27,611Back to profit: €235Debts from €95,940 to €35,692
Key points
from the 2025 annual accountsChecked score
88
Excellent
Financially stronger than 63% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025highest value
08-2025: 0.3%▼ -0.7 percentage points vs 07-2025
09-2025: 0.3%● unchanged 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: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Founded in 1982
Equity €295,750 (89.2% of total assets)
Liquidity: current ratio 1.82, cash €55,961
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 56, micro). It does better than 94% of them on solvency, 75% on liquidity, 48% on profitability and 35% 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, 17,041 companies had the same profile as TAGALY has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TAGALY itself: 0.3% 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 17,041 companies, not a prediction for TAGALY. 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 €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.82 (0.66 in 2024), above the usual 1.5. Short-term debt is 10.8% and cash 16.9% of total assets. 10.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
24 days early
2023
30 days late
2022
31 days late
2021
31 days late
2020
31 days late
2019
91 days late
← 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 32 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 August (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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0422768758
2 directors appointed, 2 resignations
Resignations: VERKEYN Danny and DINNEWETH Martine · Appointments: VERKEYN Danny (director) and DINNEWETH Martine (director) · Director discharge: VERKEYN Danny · General meeting of 24-04-2023 · Gazette deed
First establishment
GALAXY, Roger Pietersstraat 231, Middelkerke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TAGALY Middelkerke | €331,443 | €27,611 | 89.2% | - |
| MONACO Ghent | €246,742 | €33,007 | 17.6% | - |
| DE LINDE Beerse | €288,926 | €17,193 | 57.9% | - |
| Cercle l'Union Binche | €307,236 | €37,752 | 75.3% | - |
| GATE 5 Ostend | €289,356 | €19,103 | 22.4% | - |
| SARO Ostend | €238,834 | €41,150 | 74.4% | - |
| DEFEVER-VANPARYS Nieuwpoort | €233,939 | €52,447 | 78.9% | - |
These companies have the same main activity as TAGALY: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €234,000 and €307,000, founded between 1968 and 1995.
Official details
Source: KBO- Status
- Active since 19-05-1982Normal situation
- Activity
- Cafés and barsNACE 56301
- Establishment unit
- 2.032.890.6638431 Middelkerke, since 17-06-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2025
- ≈ €120,000estimated
- €331,443▼ 19.0%
- ≈ 0 FTEestimated
- Filing
- Filed on 31-08-2026
Insights on TAGALY
TAGALY files the micro format. That format states no turnover. The gross margin fell from €51,306 in 2006 to €27,611 in 2025.
The balance sheet grew most from 2013 to 2014 through fixed assets, financed with long-term debt.
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 TAGALY
- What is the company number of TAGALY?
- The company number of TAGALY is 0422.768.758. The VAT number is the same number with BE in front: BE 0422.768.758.
- Where is TAGALY based?
- The registered office is at Roger Pietersstraat 24, 8431 Middelkerke.Company details
- What does TAGALY do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of TAGALY?
- TAGALY is a private limited company (BV).
- When was TAGALY founded?
- TAGALY was founded on 19-05-1982.
- Is TAGALY still active?
- Yes, TAGALY is an active enterprise in the KBO register.
- What is the turnover of TAGALY?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €27,611 and 38 comparable companies (NACE 56301). It probably lies between €75,000 and €150,000.Financials
- Is TAGALY profitable?
- In financial year 2025, TAGALY made a profit of €235.
- Where can I find the annual accounts of TAGALY?
- TAGALY filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TAGALY due?
- TAGALY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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