TAISHO
ActiveSummary
TAISHO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€5,926. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 62% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-5
Solvency70=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.97 in 2024; short-term debt: 19.9% and cash: 0% of total assets), and 55% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
7 d early
2021
on the day
2020
3 d early
2019
3 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 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€1.3m▼ 1.5%
2024 · €1.3m
Total assets
€2.9m▼ 2.3%
2024 · €3.0m
Net result
-€5,926▼ 5,049%
2024 · -€115
Working capital
-€78,796▼ 349%
2024 · -€17,541
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€51,873▼ 91.6%€40,170▼ 22.6%€100,169▲ 149%€22,095▼ 77.9%€24,209▲ 9.6%
Net result€38,760within the sector's middle half▼ 91.1%€51,069within the sector's middle half▲ 31.8%€107,509above the sector's middle half▲ 111%-€115within the sector's middle half-€5,926within the sector's middle half▼ 5,049%
Equity€1.3mwithin the sector's middle half▲ 4.7%€1.3mwithin the sector's middle half▲ 2.5%€1.4mwithin the sector's middle half▲ 2.4%€1.3mabove the sector's middle half▼ 1.1%€1.3mabove the sector's middle half▼ 1.5%
Total assets€2.8mwithin the sector's middle half▲ 3.0%€2.8mwithin the sector's middle half▲ 0.9%€3.4mwithin the sector's middle half▲ 23.6%€3.0mabove the sector's middle half▼ 12.2%€2.9mabove the sector's middle half▼ 2.3%
Debt€1.3m▲ 5.3%€1.3m▲ 0.5%€1.9m▲ 50.5%€1.5m▼ 20.6%€1.5m▼ 2.6%
Working capital-€331,782▼ 50.2%-€227,875▲ 31.3%-€268,161▼ 17.7%-€17,541▲ 93.5%-€78,796▼ 349%
Solvency47.1%within the sector's middle half▲ 0.8pp47.8%within the sector's middle half▲ 0.7pp39.6%within the sector's middle half▼ 8.2pp44.6%within the sector's middle half▲ 5.0pp45.0%within the sector's middle half▲ 0.4pp
Staff (FTE)0.51▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.4m ▼ 2.1%
Current assets
€506,703 ▼ 3.7%
Equity and liabilities €2.9m
Equity
€1.3m ▼ 1.5%
Provisions
€147,887 ▼ 7.1%
Debt
€1.5m ▼ 2.6%
Debt's share of the balance-sheet total falls from 50.1% to 50.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€137,417▼
2024 · €152,993
Cash flow
€107,282▼
2024 · €130,783
Current ratio
0.87▼
2024 · 0.97
Quick ratio
0.39▲
2024 · 0.32
Debt to equity
1.11▼
2024 · 1.12
ROE
-0.4%▼
2024 · 0.0%
ROA
-0.2%▼
2024 · 0.0%
Interest coverage
3.51▼
2024 · 4.13
Debt ≤ 1 year
€585,500▲
2024 · €543,548
Debt > 1 year
€871,634▼
2024 · €950,653
Income taxes
€4,467▲
2024 · €2,105
Staff costs
€38,798▲
2024 · €31,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% | 1.6% |
| 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 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 12,304 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 | - | - | - | €31,096 | €38,798 | ▲ 24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,334 | €133,030 | €133,244 | €130,898 | €113,208 | ▼ 13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €70,000 | - |
| Other operating charges640/8 | - | €17,982 | €21,125 | €25,548 | €28,032 | ▲ 9.7% |
| Gross operating margin9900 | €154,881 | €191,181 | €254,538 | €209,636 | €274,248 | ▲ 30.8% |
| Operating profit (loss)9901 | €51,873 | €40,170 | €100,169 | €22,095 | €24,209 | ▲ 9.6% |
| Financial income75/76B | - | €22,296 | €16,789 | €5,636 | €2,105 | ▼ 62.7% |
| Recurring financial income75 | €9,952 | €22,296 | €16,789 | €5,636 | €2,105 | ▼ 62.7% |
| Financial charges65/66B | - | €24,557 | €22,827 | €37,083 | €39,115 | ▲ 5.5% |
| Recurring financial charges65 | €26,307 | €24,557 | €22,827 | €37,083 | €39,115 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €35,518 | €37,910 | €94,130 | -€9,353 | -€12,802 | ▼ 36.9% |
| Transfer from deferred taxes780 | - | €13,768 | €13,997 | €11,342 | €11,342 | = |
| Income taxes67/77 | €591 | €608 | €619 | €2,105 | €4,467 | ▲ 112% |
| Profit (loss) for the period9904 | €38,760 | €51,069 | €107,509 | -€115 | -€5,926 | ▼ 5,049% |
| Transfer from tax-exempt reserves789 | - | €41,303 | €41,991 | €28,984 | €28,984 | = |
| Profit (loss) for the period to be appropriated9905 | €50,259 | €92,372 | €149,500 | €28,869 | €23,058 | ▼ 20.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.8m | €3.4m | €3.0m | €2.9m | ▼ 2.3% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.5m | €2.5m | €2.4m | ▼ 2.1% |
| Tangible fixed assets22/27 | €2.2m | €2.2m | €2.5m | €2.4m | €2.4m | ▼ 2.1% |
| Land and buildings22 | - | €556,990 | €835,711 | €873,786 | €845,227 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | - | €4,053 | €3,202 | ▼ 21.0% |
| Furniture and vehicles24 | - | €20,917 | €10,459 | €727 | €11,253 | ▲ 1,449% |
| Leasing and similar rights25 | - | €1.6m | €1.6m | €1.5m | €1.5m | ▼ 2.1% |
| Financial fixed assets28 | €66,851 | €66,851 | €66,851 | €62,351 | €62,351 | = |
| Current assets29/58 | €437,040 | €514,978 | €905,266 | €526,007 | €506,703 | ▼ 3.7% |
| Amounts receivable after more than one year29 | - | €329,599 | €343,014 | €13,319 | - | - |
| Other amounts receivable291 | - | €329,599 | €343,014 | €13,319 | - | - |
| Stocks and contracts in progress3 | - | - | €350,000 | €350,000 | €280,000 | ▼ 20.0% |
| Stocks30/36 | - | - | €350,000 | €350,000 | €280,000 | ▼ 20.0% |
| Amounts receivable within one year40/41 | €86,027 | €94,282 | €190,959 | €152,835 | €214,209 | ▲ 40.2% |
| Trade receivables40 | - | €2,351 | €96,187 | €52,501 | €38,496 | ▼ 26.7% |
| Other amounts receivable41 | - | €91,931 | €94,772 | €100,334 | €175,714 | ▲ 75.1% |
| Cash at bank and in hand54/58 | €25,853 | €83,350 | €12,750 | €1,165 | €147 | ▼ 87.4% |
| Deferred charges and accrued income490/1 | - | €7,747 | €8,543 | €8,688 | €12,347 | ▲ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.8m | €3.4m | €3.0m | €2.9m | ▼ 2.3% |
| Equity10/15 | €1.3m | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 1.5% |
| Contributions10/11 | €424,200 | €424,200 | €424,200 | €424,200 | €424,200 | = |
| Capital10 | - | €424,200 | €424,200 | €424,200 | €424,200 | = |
| Issued capital100 | - | €424,200 | €424,200 | €424,200 | €424,200 | = |
| Reserves13 | €978,730 | €937,427 | €895,435 | €866,451 | €837,467 | ▼ 3.3% |
| Non-distributable reserves130/1 | - | €42,420 | €42,420 | €42,420 | €42,420 | = |
| Legal reserve130 | - | €42,420 | €42,420 | €42,420 | €42,420 | = |
| Tax-exempt reserves132 | - | €553,705 | €511,714 | €482,730 | €453,746 | ▼ 6.0% |
| Distributable reserves133 | - | €341,301 | €341,301 | €341,301 | €341,301 | = |
| Profit (loss) carried forward14 | -€106,203 | -€32,786 | €41,655 | €55,037 | €64,332 | ▲ 16.9% |
| Provisions and deferred taxes16 | €198,336 | €184,568 | €170,571 | €159,229 | €147,887 | ▼ 7.1% |
| Deferred taxes168 | - | €184,568 | €170,571 | €159,229 | €147,887 | ▼ 7.1% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.9m | €1.5m | €1.5m | ▼ 2.6% |
| Amounts payable after more than one year17 | €445,137 | €503,997 | €692,209 | €950,653 | €871,634 | ▼ 8.3% |
| Financial debts170/4 | - | €484,497 | €677,709 | €935,253 | €856,234 | ▼ 8.4% |
| Other amounts payable178/9 | - | €19,500 | €14,500 | €15,400 | €15,400 | = |
| Amounts payable within one year42/48 | €768,821 | €742,854 | €1.2m | €543,548 | €585,500 | ▲ 7.7% |
| Current portion of amounts payable after more than one year42 | - | €64,673 | €72,916 | €108,865 | €117,291 | ▲ 7.7% |
| Financial debts43 | - | - | €165 | €1,612 | €7,063 | ▲ 338% |
| Credit institutions430/8 | - | - | €165 | €1,612 | €7,063 | ▲ 338% |
| Trade debts44 | €459,118 | €529,034 | €952,257 | €395,865 | €427,876 | ▲ 8.1% |
| Suppliers440/4 | - | €529,034 | €952,257 | €395,865 | €427,876 | ▲ 8.1% |
| Taxes, remuneration and social security45 | - | €22,438 | €22,661 | €21,314 | €8,800 | ▼ 58.7% |
| Taxes450/3 | - | €22,438 | €22,661 | €17,736 | €4,467 | ▼ 74.8% |
| Remuneration and social security454/9 | - | - | - | €3,578 | €4,333 | ▲ 21.1% |
| Other amounts payable47/48 | - | €126,709 | €125,429 | €15,892 | €24,470 | ▲ 54.0% |
| Accrued charges and deferred income492/3 | - | €18,473 | €38,131 | €17,322 | €14,678 | ▼ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,760 | €51,069 | €107,509 | -€115 | -€5,926 | ▼ 5,049% |
| + Depreciation and write-downs630 | €82,334 | €133,030 | €133,244 | €130,898 | €113,208 | ▼ 13.5% |
| Operating cash flow (approximation) | €121,094 | €184,098 | €240,753 | €130,783 | €107,282 | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | -€80,208 | -€399,853 | -€90,968 | -€61,770 | ▲ 32.1% |
| Change in cash | - | €57,497 | -€70,600 | -€11,585 | -€1,018 | ▲ 91.2% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€5,926
Net result drops to -€5,926, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €435,740 ▲732%
Operating result €619,437, net result €435,740, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 1994
Ground area
103 m²
Parcel 11804D3488/00E006, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
TAISHO
since 19942.069.316.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D3488/00E006 | Flanders | 103 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- 3.13parentSourceaccounts 3.13 30-09-202599.94%
Holdings 1
-
94.98%
According to the annual accounts to 30-06-2025 of TAISHO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
STORO
BE 0798.478.660
Brecht · Eq €1,324,171
JACO
BE 0448.808.508
Alken · Eq €1,323,244
BATIM
BE 0420.672.271
Hasselt · Eq €1,328,894
C.E.M.
BE 0454.240.508
Antwerpen · Eq €1,328,946
VAN RAEMDONCK INTERIEUR
BE 0452.406.416
Waasmunster · Eq €1,329,181
Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,944 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
Founded08-11-1994
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453772136
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
2 convocationsOrdinary general meeting
Agenda
Jaarverslag van de raad van bestuur; Behandeling van de jaarrekening per 31 december 2008; Kwijting aan de bestuurders voor de uitoefening van hun mandaat; Ontslagen en/of benoemingen; Diversen. De
Ordinary general meeting
Jaarverslag van de raad van bestuur; Behandeling van de jaarrekening per 31 december 2007; Kwijting aan de bestuurders voor de uitoefening van hun mandaat. De