TAGANA
ActiveSummary
The computed 12-month bankruptcy probability of TAGANA is 3.2% (moderate). The 2025 annual accounts show negative equity (-€345) and a net result of €55,489. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 13874 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency25▲+25
Growth58=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.18 in 2024; short-term debt: 98.7% and cash: 6.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
-0.2%
Return on assets
30.9%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
22 d late
2023
7 d early
2022
21 d late
2021
30 d late
2020
61 d late
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 21 August (5 of the last 5 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€345▲ 99.4%
2024 · -€55,834
Total assets
€179,305▲ 13.0%
2024 · €158,745
Net result
€55,489▲ 19.4%
2024 · €46,484
Working capital
-€99,896▲ 36.3%
2024 · -€156,815
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 56, Food and beverage service activities, 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
Line20212022202320242025
Operating result-€32,973▼ 40.7%-€11,158▲ 66.2%-€11,688▼ 4.7%€49,107€57,328▲ 16.7%
Net result-€36,596below the sector's middle half▼ 25.5%-€14,183below the sector's middle half▲ 61.2%-€15,017below the sector's middle half▼ 5.9%€46,484above the sector's middle half€55,489above the sector's middle half▲ 19.4%
Equity-€73,119below the sector's middle half▼ 100%-€87,301below the sector's middle half▼ 19.4%-€102,318below the sector's middle half▼ 17.2%-€55,834below the sector's middle half▲ 45.4%-€345within the sector's middle half▲ 99.4%
Total assets€143,668within the sector's middle half▼ 77.2%€116,598within the sector's middle half▼ 18.8%€103,888within the sector's middle half▼ 10.9%€158,745within the sector's middle half▲ 52.8%€179,305within the sector's middle half▲ 13.0%
Debt€210,287▼ 62.1%€197,399▼ 6.1%€206,206▲ 4.5%€214,580▲ 4.1%€179,651▼ 16.3%
Working capital-€105,315below the sector's middle half▲ 40.3%-€124,872below the sector's middle half▼ 18.6%-€152,591below the sector's middle half▼ 22.2%-€156,815below the sector's middle half▼ 2.8%-€99,896below the sector's middle half▲ 36.3%
Solvency-50.9%below the sector's middle half▼ 45.1pp-74.9%below the sector's middle half▼ 24.0pp-98.5%below the sector's middle half▼ 23.6pp-35.2%below the sector's middle half▲ 63.3pp-0.2%within the sector's middle half▲ 35.0pp
Current ratio0.16below the sector's middle half▼ 0.450.06below the sector's middle half▼ 0.110.05below the sector's middle half=0.18below the sector's middle half▲ 0.120.44below the sector's middle half▲ 0.26
Return on assets (ROA)-25.5%below the sector's middle half▼ 20.8pp-12.2%below the sector's middle half▲ 13.3pp-14.5%below the sector's middle half▼ 2.3pp29.3%above the sector's middle half▲ 43.7pp30.9%above the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179,305
Fixed assets
€102,204 ▼ 18.3%
Current assets
€77,102 ▲ 130%
Equity and liabilities
Equity-€345
Debt€179,651
Equity is negative: debt (€179,651) exceeds the balance-sheet total (€179,305).
Key figures and ratios
EBITDA
€80,767▲
2024 · €68,579
Cash flow
€78,928▲
2024 · €65,956
Interest coverage
48.75▲
2024 · 27.25
Debt ≤ 1 year
€176,998▼
2024 · €190,404
Debt > 1 year
€1,869▼
2024 · €23,791
Income taxes
€182▲
2024 · €106
Equity ratios withheld: equity of -€345 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,341 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 3,795 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,420 | €13,954 | €13,954 | €19,473 | €23,439 | ▲ 20.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€6,500 | - | - | - |
| Other operating charges640/8 | €1,772 | €1,781 | €3,576 | €3,744 | €3,816 | ▲ 1.9% |
| Non-recurring operating charges66A | €15,724 | - | - | - | - | - |
| Gross operating margin9900 | -€57 | €4,577 | -€658 | €72,323 | €84,583 | ▲ 17.0% |
| Operating profit (loss)9901 | -€32,973 | -€11,158 | -€11,688 | €49,107 | €57,328 | ▲ 16.7% |
| Financial income75/76B | €1,611 | €1,104 | - | - | - | - |
| Recurring financial income75 | €106 | €1,104 | - | - | - | - |
| Non-recurring financial income76B | €1,505 | €1,104 | - | - | - | - |
| Financial charges65/66B | €5,132 | €4,128 | €3,329 | €2,517 | €1,657 | ▼ 34.2% |
| Recurring financial charges65 | €5,132 | €4,128 | €3,329 | €2,517 | €1,657 | ▼ 34.2% |
| Profit (loss) for the period before taxes9903 | -€36,494 | -€14,183 | -€15,017 | €46,590 | €55,671 | ▲ 19.5% |
| Transfer from deferred taxes780 | €105,956 | - | - | - | - | - |
| Income taxes67/77 | €106,058 | - | - | €106 | €182 | ▲ 72.0% |
| Profit (loss) for the period9904 | -€36,596 | -€14,183 | -€15,017 | €46,484 | €55,489 | ▲ 19.4% |
| Transfer from tax-exempt reserves789 | €205,772 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €169,175 | -€14,183 | -€15,017 | €46,484 | €55,489 | ▲ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,668 | €116,598 | €103,888 | €158,745 | €179,305 | ▲ 13.0% |
| Fixed assets21/28 | €122,993 | €109,039 | €95,085 | €125,156 | €102,204 | ▼ 18.3% |
| Tangible fixed assets22/27 | €122,993 | €109,039 | €95,085 | €125,156 | €102,204 | ▼ 18.3% |
| Land and buildings22 | €121,697 | €108,175 | €94,653 | €81,132 | €67,610 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €2,069 | €2,077 | ▲ 0.4% |
| Furniture and vehicles24 | €1,295 | €863 | €432 | €41,955 | €32,517 | ▼ 22.5% |
| Current assets29/58 | €20,676 | €7,559 | €8,803 | €33,589 | €77,102 | ▲ 130% |
| Amounts receivable within one year40/41 | €12,334 | €71 | €391 | €32,048 | €64,705 | ▲ 102% |
| Trade receivables40 | - | - | - | €32,048 | €64,705 | ▲ 102% |
| Other amounts receivable41 | €12,334 | €71 | €391 | - | - | - |
| Cash at bank and in hand54/58 | €8,342 | €7,488 | €8,412 | €867 | €11,717 | ▲ 1,251% |
| Deferred charges and accrued income490/1 | - | - | - | €674 | €680 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,668 | €116,598 | €103,888 | €158,745 | €179,305 | ▲ 13.0% |
| Equity10/15 | -€73,119 | -€87,301 | -€102,318 | -€55,834 | -€345 | ▲ 99.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€93,579 | -€107,761 | -€122,778 | -€76,294 | -€20,805 | ▲ 72.7% |
| Provisions and deferred taxes16 | €6,500 | €6,500 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €6,500 | €6,500 | - | - | - | - |
| Pensions and similar obligations160 | €6,500 | €6,500 | - | - | - | - |
| Amounts payable17/49 | €210,287 | €197,399 | €206,206 | €214,580 | €179,651 | ▼ 16.3% |
| Amounts payable after more than one year17 | €84,296 | €64,968 | €44,812 | €23,791 | €1,869 | ▼ 92.1% |
| Financial debts170/4 | €84,296 | €64,968 | €44,812 | €23,791 | €1,869 | ▼ 92.1% |
| Amounts payable within one year42/48 | €125,991 | €132,431 | €161,394 | €190,404 | €176,998 | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | €18,532 | €19,327 | €20,156 | €21,021 | €21,923 | ▲ 4.3% |
| Trade debts44 | €1,428 | €107,033 | €2,267 | €1,327 | €28,929 | ▲ 2,081% |
| Suppliers440/4 | €1,428 | €107,033 | €2,267 | €1,327 | €28,929 | ▲ 2,081% |
| Taxes, remuneration and social security45 | €106,031 | - | - | €5,557 | €8,880 | ▲ 59.8% |
| Taxes450/3 | €106,031 | - | - | €5,557 | €8,880 | ▲ 59.8% |
| Other amounts payable47/48 | - | €6,071 | €138,971 | €162,499 | €117,266 | ▼ 27.8% |
| Accrued charges and deferred income492/3 | - | - | - | €384 | €784 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,596 | -€14,183 | -€15,017 | €46,484 | €55,489 | ▲ 19.4% |
| + Depreciation and write-downs630 | €15,420 | €13,954 | €13,954 | €19,473 | €23,439 | ▲ 20.4% |
| Operating cash flow (approximation) | -€21,176 | -€229 | -€1,063 | €65,956 | €78,928 | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€49,544 | -€487 | ▲ 99.0% |
| Change in cash | - | -€854 | €924 | -€7,545 | €10,850 | ▲ 244% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €55,489 ▲19.4%
Operating result €57,328, net result €55,489, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €46,484
Net result €46,484 after 6 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 2 establishment units since 2000
Ground area
587 m²
Building footprint
457 m²
Volume, LiDAR
6,218 m³
2 parcels, Brussels, Flanders · tallest building 18.6 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Martelarenplein 15, 3000 Leuven
since 20002.099.701.986
Tagana BV
since 20002.099.701.887
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0240/00Y002 | Brussels | 433 m² | 1 · 302 m² | 18.1 m · 5 fl. |
| 24502B0004/00E002 | Flanders | 154 m² | 1 · 154 m² | 18.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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.
Similar companies · same sector and region
"PREMIER ONE INTERNATIONAL CORPORATION"
BE 0686.543.432
Sint-Jans-Molenbeek
AFTER GAME
BE 1010.491.659
Sint-Jans-Molenbeek
ALYASSAMIN
BE 0657.945.951
Sint-Jans-Molenbeek
AMSTRAD RETAIL
BE 1033.753.546
Sint-Jans-Molenbeek
ANGAD
BE 0876.520.011
Sint-Jans-Molenbeek
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,500 companies in this sector we hold annual accounts for 11,468. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
55900Accommodation
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471552632
Also
9925:BE0471552632
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.