TAGO
ActiveSummary
TAGO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290,624 and a net result of €11,373. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency94▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.42 in 2024; short-term debt: 28.8% and cash: 0.6% of total assets), and 30.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.2%
Return on assets
2.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
18 d early
2023
50 d early
2022
40 d early
2021
35 d early
2020
36 d early
2018
28 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Ellezelles, Professional and technical services sector#8 company by equity in Ellezelles, Professional and technical services sector
Equity
€290,624▲ 4.1%
2024 · €279,252
Total assets
€419,757▲ 0.1%
2024 · €419,212
Net result
€11,373▼ 26.6%
2024 · €15,494
Working capital
-€66,582▲ 7.5%
2024 · -€71,959
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,277▲ 76.3%€34,498▲ 54.9%€19,292▼ 44.1%€22,299▲ 15.6%€13,590▼ 39.1%
Net result€14,507within the sector's middle half▲ 104%€24,692within the sector's middle half▲ 70.2%€12,797within the sector's middle half▼ 48.2%€15,494within the sector's middle half▲ 21.1%€11,373within the sector's middle half▼ 26.6%
Equity€226,268within the sector's middle half▲ 6.9%€250,960above the sector's middle half▲ 10.9%€263,758above the sector's middle half▲ 5.1%€279,252above the sector's middle half▲ 5.9%€290,624above the sector's middle half▲ 4.1%
Total assets€384,393within the sector's middle half▼ 2.2%€402,065within the sector's middle half▲ 4.6%€415,383within the sector's middle half▲ 3.3%€419,212within the sector's middle half▲ 0.9%€419,757within the sector's middle half▲ 0.1%
Debt€158,125▼ 12.8%€151,105▼ 4.4%€151,626▲ 0.3%€139,960▼ 7.7%€129,133▼ 7.7%
Working capital-€108,272below the sector's middle half▲ 2.1%-€87,317below the sector's middle half▲ 19.4%-€82,310below the sector's middle half▲ 5.7%-€71,959below the sector's middle half▲ 12.6%-€66,582below the sector's middle half▲ 7.5%
Solvency58.9%within the sector's middle half▲ 5.0pp62.4%within the sector's middle half▲ 3.6pp63.5%within the sector's middle half▲ 1.1pp66.6%within the sector's middle half▲ 3.1pp69.2%within the sector's middle half▲ 2.6pp
Current ratio0.13below the sector's middle half▼ 0.040.28below the sector's middle half▲ 0.150.37below the sector's middle half▲ 0.090.42below the sector's middle half▲ 0.050.45below the sector's middle half▲ 0.02
Return on assets (ROA)3.8%within the sector's middle half▲ 2.0pp6.1%within the sector's middle half▲ 2.4pp3.1%within the sector's middle half▼ 3.1pp3.7%within the sector's middle half▲ 0.6pp2.7%within the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result falls in 2025; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €419,757
Fixed assets
€365,512 ▼ 0.2%
Current assets
€54,244 ▲ 2.3%
Equity and liabilities €419,757
Equity
€290,624 ▲ 4.1%
Debt
€129,133 ▼ 7.7%
Debt's share of the balance-sheet total falls from 33.4% to 30.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,241▼
2024 · €22,952
Cash flow
€12,024▼
2024 · €16,146
Debt to equity
0.44▼
2024 · 0.50
ROE
3.9%▼
2024 · 5.5%
Interest coverage
13.64▼
2024 · 15.56
Debt ≤ 1 year
€120,827▼
2024 · €125,006
Debt > 1 year
€8,306▼
2024 · €14,954
Income taxes
€1,173▼
2024 · €5,330
Staff costs
€614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €614 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,717 | €1,326 | €725 | €652 | €652 | ▼ 0.1% |
| Other operating charges640/8 | - | €7,762 | €4,303 | €4,696 | €4,666 | ▼ 0.6% |
| Gross operating margin9900 | €29,871 | €43,586 | €24,320 | €27,647 | €19,521 | ▼ 29.4% |
| Operating profit (loss)9901 | €22,277 | €34,498 | €19,292 | €22,299 | €13,590 | ▼ 39.1% |
| Recurring financial income75 | €3 | - | - | - | - | - |
| Financial charges65/66B | - | €1,118 | €1,976 | €1,475 | €1,044 | ▼ 29.2% |
| Recurring financial charges65 | €2,493 | €1,118 | €1,976 | €1,475 | €1,044 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | €19,788 | €33,380 | €17,315 | €20,824 | €12,545 | ▼ 39.8% |
| Income taxes67/77 | €5,281 | €8,688 | €4,518 | €5,330 | €1,173 | ▼ 78.0% |
| Profit (loss) for the period9904 | €14,507 | €24,692 | €12,797 | €15,494 | €11,373 | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €14,507 | €24,692 | €12,797 | €15,494 | €11,373 | ▼ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,393 | €402,065 | €415,383 | €419,212 | €419,757 | ▲ 0.1% |
| Fixed assets21/28 | €368,131 | €367,541 | €366,816 | €366,164 | €365,512 | ▼ 0.2% |
| Tangible fixed assets22/27 | €368,106 | €367,516 | €366,791 | €366,139 | €365,487 | ▼ 0.2% |
| Land and buildings22 | - | €366,709 | €366,302 | €365,895 | €365,487 | ▼ 0.1% |
| Plant, machinery and equipment23 | - | €807 | €490 | €245 | €0 | ▼ 100.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €16,262 | €34,524 | €48,567 | €53,048 | €54,244 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €15,633 | €34,106 | €48,400 | €49,375 | €51,702 | ▲ 4.7% |
| Trade receivables40 | - | €34,106 | €48,400 | €45,375 | €48,875 | ▲ 7.7% |
| Other amounts receivable41 | - | - | - | €4,000 | €2,827 | ▼ 29.3% |
| Cash at bank and in hand54/58 | €629 | €418 | €167 | €3,673 | €2,542 | ▼ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,393 | €402,065 | €415,383 | €419,212 | €419,757 | ▲ 0.1% |
| Equity10/15 | €226,268 | €250,960 | €263,758 | €279,252 | €290,624 | ▲ 4.1% |
| Contributions10/11 | €71,000 | €71,000 | €71,000 | €71,000 | €71,000 | = |
| Capital10 | - | €71,000 | €71,000 | €71,000 | €71,000 | = |
| Issued capital100 | - | €71,000 | €71,000 | €71,000 | €71,000 | = |
| Reserves13 | €7,100 | €7,100 | €7,100 | €7,100 | €7,100 | = |
| Non-distributable reserves130/1 | - | €7,100 | €7,100 | €7,100 | €7,100 | = |
| Legal reserve130 | - | €7,100 | €7,100 | €7,100 | €7,100 | = |
| Profit (loss) carried forward14 | €148,168 | €172,860 | €185,658 | €201,152 | €212,524 | ▲ 5.7% |
| Amounts payable17/49 | €158,125 | €151,105 | €151,626 | €139,960 | €129,133 | ▼ 7.7% |
| Amounts payable after more than one year17 | €33,355 | €29,264 | €20,748 | €14,954 | €8,306 | ▼ 44.5% |
| Financial debts170/4 | - | €29,264 | €20,748 | €14,954 | €8,306 | ▼ 44.5% |
| Amounts payable within one year42/48 | €124,534 | €121,841 | €130,877 | €125,006 | €120,827 | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | €6,005 | €10,023 | €9,957 | €6,785 | ▼ 31.9% |
| Trade debts44 | €5,547 | €3,511 | €5,290 | €1,012 | €4,769 | ▲ 371% |
| Suppliers440/4 | - | €3,511 | €5,290 | €1,012 | €4,769 | ▲ 371% |
| Taxes, remuneration and social security45 | - | €14,528 | €9,240 | €7,854 | €761 | ▼ 90.3% |
| Taxes450/3 | - | €13,528 | €9,240 | €6,854 | €761 | ▼ 88.9% |
| Remuneration and social security454/9 | - | €1,000 | - | €1,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €97,797 | €106,324 | €106,183 | €108,511 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,507 | €24,692 | €12,797 | €15,494 | €11,373 | ▼ 26.6% |
| + Depreciation and write-downs630 | €2,717 | €1,326 | €725 | €652 | €652 | ▼ 0.1% |
| Operating cash flow (approximation) | €17,224 | €26,018 | €13,522 | €16,146 | €12,024 | ▼ 25.5% |
| Investment in fixed assets (approximation) | - | -€736 | €0 | €0 | €0 | - |
| Change in cash | - | -€211 | -€251 | €3,506 | -€1,130 | ▼ 132% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2020net €24,692 ▲70.2%
Operating result €34,498, net result €24,692, both a record.
2021
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
17-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
24-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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.
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Directors · office · real estate
Directors
3 acts for this company are 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, Ellezelles · 1 establishment unit since 1998
Ground area
6,126 m²
Parcel 51017A0721/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Ninove 143, 7890 Ellezelles
since 19982.048.284.959
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51017A0721/00D000 | Wallonia | 6,125 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-04-1990
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440692774
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.