Summary
TALMACO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.7m and a net result of €84,231. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 5585 sector peers (fiscal year 2025). The company has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-12-2025, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 d early
2024
53 d early
2023
43 d early
2022
1 d late
2021
47 d early
2020
45 d early
2019
50 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 42 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 15 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.7m▲ 3.2%
2024 · €2.6m
Net result
€84,231▲ 181%
2024 · €29,965
Total assets
€4.8m▼ 0.8%
2024 · €4.9m
Solvency
56.3%▲ 2.2pp
2024 · 54.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€1,998-€88,772-€55,301▲ 37.7%-€167,965▼ 204%-€141,759▲ 15.6%
Net result€33,505within the sector's middle half▲ 44.9%€64,254within the sector's middle half▲ 91.8%€61,789within the sector's middle half▼ 3.8%€29,965within the sector's middle half▼ 51.5%€84,231within the sector's middle half▲ 181%
Equity€2.3mabove the sector's middle half▲ 1.5%€2.3mabove the sector's middle half▲ 2.8%€2.4mabove the sector's middle half▲ 2.6%€2.6mabove the sector's middle half▲ 9.6%€2.7mabove the sector's middle half▲ 3.2%
Total assets€2.4mwithin the sector's middle half▲ 1.2%€4.4mabove the sector's middle half▲ 86.5%€4.7mabove the sector's middle half▲ 4.9%€4.9mabove the sector's middle half▲ 4.1%€4.8mabove the sector's middle half▼ 0.8%
Debt€28,780▲ 12.3%€2.0m▲ 6,970%€2.2m▲ 8.4%€2.2m▼ 1.1%€2.1m▼ 5.2%
Working capital€899,669above the sector's middle half▲ 8.4%€1.1mabove the sector's middle half▲ 16.8%€799,388above the sector's middle half▼ 23.9%€1.7mabove the sector's middle half▲ 118%€1.3mabove the sector's middle half▼ 24.5%
Solvency95.2%above the sector's middle half▲ 0.3pp52.5%within the sector's middle half▼ 42.7pp51.4%within the sector's middle half▼ 1.2pp54.1%within the sector's middle half▲ 2.7pp56.3%within the sector's middle half▲ 2.2pp
Current ratio32.26above the sector's middle half▼ 1.141.52within the sector's middle half▼ 30.741.36within the sector's middle half▼ 0.151.93within the sector's middle half▲ 0.561.73within the sector's middle half▼ 0.20
Return on assets (ROA)1.4%within the sector's middle half▲ 0.4pp1.4%within the sector's middle half=1.3%within the sector's middle half▼ 0.1pp0.6%within the sector's middle half▼ 0.7pp1.7%within the sector's middle half▲ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €141,759 in 2025 against €167,965 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.8m
Fixed assets
€1.7m ▲ 37.8%
Current assets
€3.1m ▼ 14.0%
Equity and liabilities €4.8m
Equity
€2.7m ▲ 3.2%
Provisions
€38,640 ▼ 22.2%
Debt
€2.1m ▼ 5.2%
Debt's share of the balance-sheet total falls from 44.9% to 42.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
3.1%▲
2024 · 1.1%
Debt ≤ 1 year
€1.8m▼
2024 · €1.9m
Income taxes
€28,153▲
2024 · €4,476
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,068 | €107,547 | €18,667 | €32,000 | €33,622 | ▲ 5.1% |
| Gross operating margin9900 | €47,066 | €18,775 | -€36,634 | -€135,965 | -€108,137 | ▲ 20.5% |
| Operating profit (loss)9901 | €1,998 | -€88,772 | -€55,301 | -€167,965 | -€141,759 | ▲ 15.6% |
| Financial income75/76B | - | €183,058 | €161,629 | €1.0m | €268,677 | ▼ 73.6% |
| Recurring financial income75 | €44,454 | €183,058 | €161,629 | €618,061 | €268,677 | ▼ 56.5% |
| Non-recurring financial income76B | - | - | - | €400,000 | - | - |
| Financial charges65/66B | - | €13,123 | €19,376 | €820,865 | €19,743 | ▼ 97.6% |
| Recurring financial charges65 | €349 | €13,123 | €19,376 | €420,865 | €19,743 | ▼ 95.3% |
| Non-recurring financial charges66B | - | - | - | €400,000 | - | - |
| Profit (loss) for the period before taxes9903 | €46,103 | €81,163 | €86,952 | €29,232 | €107,175 | ▲ 267% |
| Transfer from deferred taxes780 | - | - | €3,039 | €5,210 | €5,210 | = |
| Income taxes67/77 | €12,598 | €16,909 | €28,202 | €4,476 | €28,153 | ▲ 529% |
| Profit (loss) for the period9904 | €33,505 | €64,254 | €61,789 | €29,965 | €84,231 | ▲ 181% |
| Transfer from tax-exempt reserves789 | - | - | €12,156 | €20,839 | €20,839 | = |
| Profit (loss) for the period to be appropriated9905 | €33,505 | €64,254 | €73,946 | €50,805 | €105,071 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €4.4m | €4.7m | €4.9m | €4.8m | ▼ 0.8% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.7m | €1.2m | €1.7m | ▲ 37.8% |
| Tangible fixed assets22/27 | €95,896 | - | €301,333 | €280,053 | €248,080 | ▼ 11.4% |
| Land and buildings22 | - | - | €301,333 | €280,053 | €246,981 | ▼ 11.8% |
| Plant, machinery and equipment23 | - | - | - | - | €1,099 | - |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €959,475 | €1.5m | ▲ 52.1% |
| Current assets29/58 | €928,449 | €3.1m | €3.0m | €3.6m | €3.1m | ▼ 14.0% |
| Amounts receivable within one year40/41 | €93,802 | €87,702 | €70,562 | €33,289 | €31,050 | ▼ 6.7% |
| Trade receivables40 | - | €80,402 | €70,562 | €31,050 | €31,050 | = |
| Other amounts receivable41 | - | €7,300 | - | €2,239 | - | - |
| Current investments50/53 | €724,891 | €2.9m | €2.9m | €3.4m | €3.1m | ▼ 8.9% |
| Cash at bank and in hand54/58 | €109,756 | €93,230 | €28,934 | €229,168 | €23,926 | ▼ 89.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €4.4m | €4.7m | €4.9m | €4.8m | ▼ 0.8% |
| Equity10/15 | €2.3m | €2.3m | €2.4m | €2.6m | €2.7m | ▲ 3.2% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.6m | €1.6m | = |
| Capital10 | - | €1.4m | €1.4m | €1.6m | €1.6m | = |
| Issued capital100 | - | €1.4m | €1.4m | €1.6m | €1.6m | = |
| Reserves13 | €848,001 | €912,255 | €974,044 | €1.0m | €1.1m | ▲ 8.4% |
| Non-distributable reserves130/1 | - | €16,774 | €16,774 | €16,774 | €16,774 | = |
| Legal reserve130 | - | €16,774 | €16,774 | €16,774 | €16,774 | = |
| Tax-exempt reserves132 | - | €208,393 | €196,237 | €175,397 | €154,558 | ▼ 11.9% |
| Distributable reserves133 | - | €687,088 | €761,034 | €811,839 | €916,909 | ▲ 12.9% |
| Provisions and deferred taxes16 | €84,696 | €75,772 | €63,808 | €49,674 | €38,640 | ▼ 22.2% |
| Provisions for liabilities and charges160/5 | - | €23,673 | €14,749 | €5,825 | - | - |
| Other liabilities and charges164/5 | - | €23,673 | €14,749 | €5,825 | - | - |
| Deferred taxes168 | - | €52,098 | €49,059 | €43,849 | €38,640 | ▼ 11.9% |
| Amounts payable17/49 | €28,780 | €2.0m | €2.2m | €2.2m | €2.1m | ▼ 5.2% |
| Amounts payable within one year42/48 | €28,780 | €2.0m | €2.2m | €1.9m | €1.8m | ▼ 4.3% |
| Financial debts43 | - | €1.9m | €1.8m | €1.8m | €1.7m | ▼ 3.6% |
| Other loans439 | - | €1.9m | €1.8m | €1.8m | €1.7m | ▼ 3.6% |
| Trade debts44 | €13,477 | €43,274 | €36,239 | €62,584 | €44,267 | ▼ 29.3% |
| Suppliers440/4 | - | €43,274 | €36,239 | €62,584 | €44,267 | ▼ 29.3% |
| Taxes, remuneration and social security45 | - | €7,056 | €3,731 | €2,380 | €5,759 | ▲ 142% |
| Taxes450/3 | - | €7,056 | €3,731 | €2,380 | €5,759 | ▲ 142% |
| Other amounts payable47/48 | - | €72,979 | €334,312 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €302,312 | €270,312 | ▼ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,505 | €64,254 | €61,789 | €29,965 | €84,231 | ▲ 181% |
| + Depreciation and write-downs630 | €45,068 | €107,547 | €18,667 | €32,000 | €33,622 | ▲ 5.1% |
| Operating cash flow (approximation) | €78,574 | €171,801 | €80,456 | €61,965 | €117,853 | ▲ 90.2% |
| Investment in fixed assets (approximation) | - | -€11,650 | -€320,000 | €389,280 | -€501,649 | ▼ 229% |
| Change in cash | - | -€16,526 | -€64,295 | €200,234 | -€205,243 | ▼ 203% |
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
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €84,231 ▲181%
Net result €84,231, the highest in the series.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €23,127 ▼8.1%
Net result drops to €23,127, the lowest in the series; recovery starts the following year.
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
08-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel · 1 establishment unit since 1978
Ground area
687 m²
Building footprint
529 m²
Volume, LiDAR
7,946 m³
Parcel 21811M1409/00X002, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TALMACO
since 19782.234.099.941
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1409/00X002 | Brussels | 687 m² | 1 · 529 m² | 18.4 m · 5 fl. |
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
2 holdings · 3 subsidiaries in the treeOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
99.68%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- BLATTER DATA SYSTEMS 100%
Dobby Yamada Serra 99.68%1 subsidiary
- LERMYTTE 100%
According to the annual accounts to 30-06-2025 of TALMACO 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 10,002 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
Founded12-06-1978
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
33150Repair, maintenance and installation of machinery and equipment
46643Wholesale of electrical equipment, including installation materials
70200Business and other management consultancy
72109Other research and development on natural sciences
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418604290
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.