Tangway Graphic Machinery
ActiveTangway Graphic Machinery has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-47k) and a net result of €-3k. Equity is shrinking by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 7971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Age of the figures
Age of the figures
9 mo
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-47k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
22 d late
2022
28 d late
2021
30 d late
2020
19 d late
2019
23 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-47k▼ 6.3%
2024 · €-45k
2018: €7k
2019: €-467
2020: €-27k
2021: €-59k
2022: €-72k
2023: €-38k
2024: €-45k
2018 → 2025
Total assets
€1k▼ 63.4%
2024 · €4k
2018: €26k
2019: €17k
2020: €26k
2021: €4k
2022: €2k
2023: €14k
2024: €4k
2018 → 2025
Net result
€-3k▲ 53.7%
2024 · €-6k
2018: €5k
2019: €-7k
2020: €-27k
2021: €-32k
2022: €-13k
2023: €34k
2024: €-6k
2018 → 2025
Working capital
€-47k▼ 6.4%
2024 · €-44k
2018: €10k
2019: €-250
2020: €-27k
2021: €-59k
2022: €-72k
2023: €-38k
2024: €-44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-59k-€-72k▼ 21.3%€-38k▲ 46.6%€-45k▼ 15.7%€-47k▼ 6.3%
Operating result€-31k-€-12k▲ 61.4%€34k€-6k€-3k▲ 56.1%
Net result€-32k-€-13k▲ 60.3%€34k€-6k€-3k▲ 53.7%
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 stays negative: a loss of €3k in 2025 against €6k in 2024; the loss shrinks.
Key figures and ratios
Debt
€49k▲
2024 · €48k
Debt ≤ 1 year
€49k▲
2024 · €48k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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€4k€1k▼
Current assets29/58€4k€1k▼
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€674€1k▲
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€2k€304▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€4k€1k▼
Equity10/15€-45k€-47k▼
Contributions10/11€43k€43k=
Capital10€43k€43k=
Issued capital100€43k€43k=
Reserves13€7k€7k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Tax-exempt reserves132€3k€3k=
Profit (loss) carried forward14€-95k€-98k▼
Amounts payable17/49€48k€49k▲
Amounts payable within one year42/48€48k€49k▲
Trade debts44€0€4k▲
Suppliers440/4€0€4k▲
Taxes, remuneration and social security45-€186
Taxes450/3-€186
Other amounts payable47/48€48k€44k▼
Accrued charges and deferred income492/3€38€0▼
Income statement
Code20242025
Other operating charges640/8€505€520▲
Gross operating margin9900€-5k€-2k▲
Operating profit (loss)9901€-6k€-3k▲
Financial charges65/66B€293€273▼
Recurring financial charges65€293€273▼
Profit (loss) for the period before taxes9903€-6k€-3k▲
Profit (loss) for the period9904€-6k€-3k▲
Profit (loss) for the period to be appropriated9905€-6k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-98k▼
Profit (loss) brought forward from the previous period14P€-89k€-95k▼
The notes to these accounts (5 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Back to profitnet €34k
Net result €34k after 4 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
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.
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 1982
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.
Amerikalei 2202000 AntwerpenGround area
780 m²
Building footprint
312 m²
Volume, LiDAR
5,768 m³
Parcel 11811L3703/00N002, Flanders · tallest building 28.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
TANGWAY GRAPHIC MACHINERY
since 19822.020.069.738
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3703/00N002indicative | Flanders | 780 m² | 1 · 312 m² | 28.1 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 828 companies in sector 46620 we hold annual accounts for 642. 75 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-02-1982
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.