TAGNON Entreprises

Active

Private limited companyfounded 200719 yrs activeRue du Pîrli, Vêves, Celles 4/1, 5561 Houyet, BelgiumKBO/BCE: BE 0886.804.484

TAGNON Entreprises has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151k and a net result of €4k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 5896 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

65 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability70▼-1

Solvency54▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity tight (current ratio 1.23 against 1.21 in 2023; short-term debt: 26.6% and cash: 14.6% of total assets), and 70.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

86 d late

2022

88 d late

2021

59 d late

2020

27 d late

2019

7 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€4k▼ 69.7%

2023 · €12k

2018: €4k 2019: €21k 2020: €5k 2021: €25k 2022: €14k 2023: €12k

2018 → 2024

Working capital

€31k▲ 18.2%

2023 · €27k

2018: €-61k 2019: €-43k 2020: €-51k 2021: €27k 2022: €11k 2023: €27k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€99k-€123k▲ 24.8%€136k▲ 10.4%€147k▲ 8.4%€151k▲ 2.4%

Operating result€8k-€28k▲ 243%€19k▼ 32.1%€18k▼ 3.3%€9k▼ 51.2%

Net result€5k-€25k▲ 364%€14k▼ 46.4%€12k▼ 11.9%€4k▼ 69.7%

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 51% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €515k

67.3%

32.7%

Fixed assets €347k▼ 15.8%

Current assets €168k▲ 10.0%

Equity and liabilities €515k

29.3%

70.7%

Equity €151k▲ 2.4%

Debt €364k▼ 12.8%

The debt ratio falls from 73.9% to 70.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€78k▼

2023 · €98k

Cash flow

€73k▼

2023 · €91k

Solvency

29.3%▲

2023 · 26.1%

Current ratio

1.23▲

2023 · 1.21

Quick ratio

1.04▼

2023 · 1.08

Debt / equity

2.41▼

2023 · 2.83

ROE

2.4%▼

2023 · 8.1%

ROA

0.7%▼

2023 · 2.1%

Interest coverage

11.39▼

2023 · 13.09

Debt

€364k▼

2023 · €418k

Debt ≤ 1 year

€137k▲

2023 · €127k

Debt > 1 year

€227k▼

2023 · €291k

Income taxes

€2k▲

2023 · €-115

Staff costs

€0▼

2023 · €212

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€565k€515k▼

Fixed assets21/28€412k€347k▼

Tangible fixed assets22/27€412k€346k▼

Land and buildings22€82k€80k▼

Plant, machinery and equipment23€158k€123k▼

Furniture and vehicles24€11k€4k▼

Leasing and similar rights25€161k€139k▼

Financial fixed assets28€270€270=

Current assets29/58€153k€168k▲

Stocks and contracts in progress3€17k€26k▲

Stocks30/36€17k€26k▲

Amounts receivable within one year40/41€112k€67k▼

Trade receivables40€108k€57k▼

Other amounts receivable41€4k€10k▲

Cash at bank and in hand54/58€24k€75k▲

Equity and liabilities

Total equity and liabilities10/49€565k€515k▼

Equity10/15€147k€151k▲

Contributions10/11€19k€19k=

Reserves13€129k€132k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€127k€130k▲

Investment grants15€148€52▼

Amounts payable17/49€418k€364k▼

Amounts payable after more than one year17€291k€227k▼

Financial debts170/4€291k€227k▼

Amounts payable within one year42/48€127k€137k▲

Current portion of amounts payable after more than one year42€70k€64k▼

Trade debts44€759€1k▲

Suppliers440/4€759€1k▲

Taxes, remuneration and social security45€56k€71k▲

Taxes450/3€12k€12k▼

Remuneration and social security454/9€44k€60k▲

Income statement Code20232024

Remuneration, social security and pensions62€212€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€69k▼

Other operating charges640/8€4k€3k▼

Non-recurring operating charges66A€5k€436▼

Gross operating margin9900€107k€82k▼

Operating profit (loss)9901€18k€9k▼

Financial income75/76B€817€3k▲

Recurring financial income75€817€3k▲

Non-recurring financial income76B-€243

Financial charges65/66B€7k€7k▼

Recurring financial charges65€7k€7k▼

Profit (loss) for the period before taxes9903€12k€5k▼

Income taxes67/77€-115€2k▲

Profit (loss) for the period9904€12k€4k▼

Profit (loss) for the period to be appropriated9905€12k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€12k€4k▼

Transfer to equity691/2€12k€4k▼

To the legal reserve6920€12k€4k▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

31-12

Financial Equity above €150kEq €151k ▲2.4%

7 profitable years in a row build equity to €151k.

25-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 86 days late

2023

27-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 88 days late

2022

28-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 59 days late

2021

31-12

Financial Highest result since 2018net €25k ▲364%

Operating result €28k, net result €25k, both a record.

31-12

Financial Liquidity doublescurrent ratio 1.36

Current ratio from 0.55 to 1.36; short-term debt falls from €113k to €73k.

31-12

Financial Equity above €100kEq €123k ▲24.8%

4 profitable years in a row build equity to €123k.

27-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 27 days late

2020

07-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 7 days late

2019

26-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 26 days late

2018

30-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

10-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 10 days late

2016

07-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 38 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Houyet · 1 establishment unit since 2007

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.

Rue du Pîrli, Vêves, Celles 4/15561 Houyet

1 establishment unit

Tagnon Entreprises

Rue du Pîrli, Vêves, Celles 4, 5561 HouyetRaising of dairy cattle

since 20072.159.373.319

Recognitions · licences · registrations

Recognised contractor

21 categories

TAGNON Entreprises SRL30471

category A, class 1 · category B, class 1 · category B1, class 1 · category C, class 1 · category C1, class 1 · category C2, class 1 · category C5, class 1 · category C6, class 1 · category C7, class 1 · category D, class 1 · category D1, class 1 · category D10, class 1 · category D4, class 1 · category E, class 1 · category E1, class 1 · category E2, class 1 · category G, class 1 · category G3, class 1 · category G4, class 1 · category H, class 1 · category V, class 1

decision 15-05-2024