TANGO

Active

Public limited companyfounded 198739 yrs activeLange Lobroekstraat 176, 2060 Antwerpen, BelgiumKBO/BCE: BE 0431.709.089

The file of TANGO contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 0.8% (low). The 2024 annual accounts show negative equity (€-46k) and a net result of €4k. Equity is shrinking by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 9982 sector peers (fiscal year 2024).

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Checked score

Score 2024

45 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability74▲+74

Solvency0=

Growth32=

Track record85

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.4; short-term debt: 249.1% and cash: 11.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-149.1%

Return on assets

14.4%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9982 sector peers (2024).

NBB · sector comparison

Position among 9982 sector peers

Solvency

better than 5%

← weakest strongest →

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-10-2025, 80 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

80 d late

2022

24 d late

2021

201 d late

2020

206 d late

2019

92 d late

2018

457 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Turnover

€231k

EBIT margin

2.0%

Net result

€4k

2022 · €-2k

2018: €64k 2019: €-96k 2020: €-30k 2022: €-2k

2018 → 2024

Working capital

€-46k▲ 11.1%

2022 · €-51k

2018: €76k 2019: €-20k 2020: €-50k 2021: €-50k 2022: €-51k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222024Trend

Turnover€231k

Equity€-20k-€-50k▼ 153%€-50k=€-51k▼ 3.3%€-46k▲ 11.1%

Operating result€-96k-€-30k▲ 68.7%€-1k€5k

Net result€-96k-€-30k▲ 68.7%€-2k€4k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result is €5k in 2024, compared with €-1k in 2022. Comparable figures for the intervening years are unavailable.

Key figures and ratios

2024 value · change against 2022

Solvency

-149.1%

Current ratio

0.40

Debt / equity

-1.67

ROA

14.4%

Debt

€76k▲

2022 · €51k

Debt ≤ 1 year

€76k▲

2022 · €51k

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 · 2024 against 2022 · 38 lines

Balance sheet Code20222024

Assets

Total assets20/58€12€31k▲

Current assets29/58€12€31k▲

Amounts receivable within one year40/41-€27k

Trade receivables40-€27k

Other amounts receivable41-€417

Cash at bank and in hand54/58€12€3k▲

Equity and liabilities

Total equity and liabilities10/49€12€31k▲

Equity10/15€-51k€-46k▲

Contributions10/11€62k€62k=

Capital10€62k-

Issued capital100€62k-

Reserves13€17k€17k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k-

Other1319-€2k

Distributable reserves133€15k€15k=

Profit (loss) carried forward14€-130k€-124k▲

Amounts payable17/49€51k€76k▲

Amounts payable within one year42/48€51k€76k▲

Trade debts44-€31k

Suppliers440/4-€31k

Taxes, remuneration and social security45€2k€2k=

Taxes450/3€2k€2k=

Other amounts payable47/48€49k€43k▼

Income statement Code20222024

Turnover70-€231k

Goods, raw materials, services and sundry goods60/61€1k€226k▲

Other operating charges640/8€113-

Gross operating margin9900€-1k€5k▲

Operating profit (loss)9901€-1k€5k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€243€254▲

Recurring financial charges65€243€254▲

Profit (loss) for the period before taxes9903€-2k€4k▲

Profit (loss) for the period9904€-2k€4k▲

Profit (loss) for the period to be appropriated9905€-2k€4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-130k€-124k▲

Profit (loss) brought forward from the previous period14P€-129k€-129k▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 2Financial 2Filings 10

2025

19-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 80 days late

2024

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

17-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 201 days late

2022

13-09

Bankruptcy Bankruptcy reversal

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · TANGO NV LANGE LOBROEKSTRAAT 176, 2060 ANTWERPEN 6 · event 08-09-2022

13-07

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · TANGO NV LANGE LOBROEK- STRAAT 176, 2060 ANTWERPEN 6 · event 06-07-2022

22-02

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 206 days late

2020

31-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 92 days late

30-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 457 days late

12-05

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 651 days late

2019

31-12

Financial Weakest financial yearnet €-96k ▼249%

Net result drops to €-96k, the lowest in the series; recovery starts the following year.

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 31 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

2015

28-08

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 28 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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 1987

establishment The establishment unit on the map

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.

Lange Lobroekstraat 1762060 Antwerpen

Ground area

49 m²

Building footprint

49 m²

Volume, LiDAR

555 m³

Parcel 11807G0307/00M000, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Lange Lobroekstraat 176, 2060 Antwerpen

Demolition

since 19872.029.839.618

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11807G0307/00M000	Flanders	49 m²	1 · 49 m²	13.0 m · 4 fl.

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.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE- LAAR	06-07-2022 → present

Similar companies · same sector, comparable size

STUDIEBUREAU DECLERCQ

Sint-Agatha-Berchem · Eq €76k

Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,218 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded31-07-1987

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.