TANGHE DESIGN
ActiveTANGHE DESIGN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.61M and a net result of €182k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 71% of 238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70=
Solvency85▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.95 in 2024; short-term debt: 40.5% and cash: 60.4% of total assets), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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
59.5%
Return on assets
6.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
24 d early
2023
9 d early
2022
31 d late
2021
31 d late
2020
27 d late
2019
118 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.61M▲ 12.7%
2024 · €1.43M
2018: €1.19M
2019: €1.29M
2020: €1.58M
2021: €1.45M
2022: €1.43M
2023: €1.40M
2024: €1.43M
2018 → 2025
Total assets
€2.71M▲ 6.4%
2024 · €2.55M
2018: €2.19M
2019: €2.49M
2020: €2.67M
2021: €2.56M
2022: €2.44M
2023: €2.69M
2024: €2.55M
2018 → 2025
Net result
€182k▲ 3.0%
2024 · €177k
2018: €144k
2019: €102k
2020: €290k
2021: €143k
2022: €196k
2023: €264k
2024: €177k
2018 → 2025
Working capital
€1.32M▲ 24.1%
2024 · €1.06M
2018: €514k
2019: €901k
2020: €805k
2021: €906k
2022: €866k
2023: €928k
2024: €1.06M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.45M-€1.43M▼ 1.2%€1.40M▼ 2.1%€1.43M▲ 2.3%€1.61M▲ 12.7%
Operating result€236k-€326k▲ 38.1%€409k▲ 25.4%€277k▼ 32.3%€273k▼ 1.3%
Net result€143k-€196k▲ 37.5%€264k▲ 34.2%€177k▼ 32.9%€182k▲ 3.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.71M
Fixed assets
€293k▼ 20.1%
Current assets
€2.42M▲ 10.9%
Equity and liabilities €2.71M
Equity
€1.61M▲ 12.7%
Debt
€1.10M▼ 1.7%
The debt ratio falls from 43.8% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€375k▼
2024 · €390k
Cash flow
€284k▼
2024 · €290k
Solvency
59.5%▲
2024 · 56.2%
Current ratio
2.20▲
2024 · 1.95
Quick ratio
2.13▲
2024 · 1.87
Debt / equity
0.68▼
2024 · 0.78
ROE
11.3%▼
2024 · 12.4%
ROA
6.7%▼
2024 · 6.9%
Interest coverage
5.15▲
2024 · 5.11
Debt
€1.10M▼
2024 · €1.12M
Debt ≤ 1 year
€1.10M▼
2024 · €1.12M
Income taxes
€73k▼
2024 · €76k
Staff costs
€411k▲
2024 · €398k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.55M€2.71M▲
Fixed assets21/28€367k€293k▼
Tangible fixed assets22/27€366k€292k▼
Land and buildings22€264k€230k▼
Plant, machinery and equipment23€41k€2k▼
Furniture and vehicles24€58k€57k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€631€631=
Current assets29/58€2.18M€2.42M▲
Stocks and contracts in progress3€95k€75k▼
Stocks30/36€77k€49k▼
Contracts in progress37€19k€26k▲
Amounts receivable within one year40/41€110k€184k▲
Trade receivables40€108k€176k▲
Other amounts receivable41€2k€7k▲
Current investments50/53€1.34M€513k▼
Cash at bank and in hand54/58€620k€1.64M▲
Deferred charges and accrued income490/1€16k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.55M€2.71M▲
Equity10/15€1.43M€1.61M▲
Contributions10/11€181k€181k=
Reserves13€1.25M€1.43M▲
Tax-exempt reserves132€4k€4k=
Distributable reserves133€1.25M€1.43M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.12M€1.10M▼
Amounts payable within one year42/48€1.12M€1.10M▼
Trade debts44€37k€29k▼
Suppliers440/4€37k€29k▼
Advances received on contracts in progress46-€50k
Taxes, remuneration and social security45€44k€72k▲
Taxes450/3€29k€56k▲
Remuneration and social security454/9€15k€16k▲
Other amounts payable47/48€1.03M€946k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€1k€3k▲
Remuneration, social security and pensions62€398k€411k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€102k▼
Other operating charges640/8€15k€19k▲
Gross operating margin9900€803k€805k▲
Operating profit (loss)9901€277k€273k▼
Financial income75/76B€53k€56k▲
Recurring financial income75€53k€56k▲
Financial charges65/66B€76k€73k▼
Recurring financial charges65€76k€73k▼
Profit (loss) for the period before taxes9903€253k€255k▲
Income taxes67/77€76k€73k▼
Profit (loss) for the period9904€177k€182k▲
Profit (loss) for the period to be appropriated9905€177k€182k▲
Appropriation of the result
Profit (loss) to be appropriated9906€177k€182k▲
Transfer from equity791/2€144k€0▼
Transfer to equity691/2€177k€182k▲
To other reserves6921€177k€182k▲
Profit to be distributed694/7€144k€0▼
Return on contributions (dividend)694€144k€0▼
Social balance
Average headcount (FTE)90876.06.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €290k ▲184%
Operating result €442k, net result €290k, both a record.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet €102k ▼29.2%
Net result drops to €102k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 33 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kuurne · 1 establishment unit since 1995
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.
Pieter Verhaeghestraat 108520 KuurneGround area
5,505 m²
Parcel 34023A0421/00A004, Flanders. Linked by address, not a title deed.
1 establishment unit
TANGHE DESIGN BVBA
since 19952.072.828.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023A0421/00A004 | Flanders | 5,504 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500PAFIZTWK59WZ63
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Of 1,499 companies in sector 31004 we hold annual accounts for 620. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-1995
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36130
36141
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.