TANGHE

Active

Public limited companyfounded 197353 yrs activeZuidstraat(FEER) 105, 8480 Ichtegem, BelgiumKBO/BCE: BE 0412.921.476

Summary

TANGHE has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €2,451. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 5451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch Report Compare

TANGHEActiveChecked score 90/100

Risk analysis Report Compare

Activity

Wholesale of construction materials, general range

NACE 46831NACE 46731NACE 51532

#2 oldest company in Ichtegem, Wholesale and retail trade sector1 site

Size

€9.1mturnover 2025

Staff: 16.1 FTE
Equity: €3.0m
Profit: €2,451

Financial health

90 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.2%

Structure

Parent: DC INDUSTRIAL · 100%

Accounts 30 d early0 of 19 deeds read

Why 90- Liquidity: current ratio 1.83, cash €170,308+ Founded in 1973+ Equity €3.0m (60.5% of total assets)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025

90 / 100

Excellent

Probability in this band: under 0.55%

Better than 53% of its sector peers (NACE 46, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 86=

equity 60.5% of total assets

Liquidity 39+3

short-term debt 34.9% · cash 3.4%

Profitability 58=

return on assets 0.0%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,367 companies)

Last 12 months 11-2025: 0.2% 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.5% vs 01-2026 03-2026: 0.2%▲ +1.5% vs 02-2026 04-2026: 0.2%▲ +2.0% vs 03-2026 05-2026: 0.2%▲ +5.0% vs 04-2026 06-2026: 0.2%▲ +2.8% vs 05-2026highest value 07-2026: 0.2%▼ -3.2% vs 06-2026 08-2026: 0.2%▼ -11.4% vs 07-2026lowest value 09-2026: 0.2%● 0.0% vs 08-2026lowest value 10-2026: 0.2%● 0.0% vs 09-2026lowest value

Founded in 1973 lowers the probability for this profile
Liquidity: current ratio 1.83, cash €170,308 raises the probability
Equity €3.0m (60.5% of total assets) lowers the probability
Legal form Public limited company lowers the probability

Credit up to €270,000 at 30 days acceptable

Liquidity ample (current ratio 1.83 against 1.73 in 2024; short-term debt: 34.9% and cash: 3.4% of total assets), and 39.5% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 70%, liquidity 43%, profitability 41%, growth against the median 60%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

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

−lowers risk+raises risk○neutral

Founded in 1973

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Liquidity: current ratio 1.83, cash €170,308

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €3.0m (60.5% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Legal form Public limited company

In the bankruptcy model this factor lowers the probability.

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

30 d early

2024

16 d early

2023

15 d early

2022

7 d late

2021

17 d early

2020

29 d early

2019

14 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 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

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 15 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 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

01-07-26 Annual accounts filedfiscal year 2025 · full…
15-07-25 Annual accounts filedfiscal year 2024 · full…
31-12-24 Equity above €2mEq €3.0m ▲314%

Key points

Positive: Oldest company in Ichtegem, Wholesale and retail trade…in the Checked rankings #2 View
Controlled by DC INDUSTRIALultimately: GROUP DE CLOEDT 100% View
Positive: 6 profitable years in a rowprofit 2025: €2,451 6 years View
Active since 1973founded 01-01-1973 53 years View