TANKKD

Active

Private limited companyfounded 20205 yrs activeChurchilllaan 8, 8790 Waregem, BelgiumKBO/BCE: BE 0754.666.037

The computed 12-month bankruptcy probability of TANKKD is 1.5% (moderate). The 2024 annual accounts show equity of €221k and a net result of €7k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 9040 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

55 / 100

Fair

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

Axes · tick = 2023

Profitability34▲+9

Solvency76▲+2

Growth52=

Track record94

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 5.86 against 1.91 in 2023; short-term debt: 14.9% and cash: 1.3% of total assets), and 49.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

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 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

21 d late

2022

31 d late

2021

30 d late

← before the deadline after the 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

Financials · fiscal year 2024, abbreviated schema

Equity

€221k▲ 3.3%

2023 · €214k

2021: €178k 2022: €221k 2023: €214k

2021 → 2024

Total assets

€436k▲ 0.7%

2023 · €433k

2021: €289k 2022: €398k 2023: €433k

2021 → 2024

Net result

€7k

2023 · €-7k

2021: €161k 2022: €44k 2023: €-7k

2021 → 2024

Working capital

€316k▲ 79.3%

2023 · €176k

2021: €167k 2022: €217k 2023: €176k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€178k-€221k▲ 24.5%€214k▼ 3.4%€221k▲ 3.3%

Operating result€247k-€53k▼ 78.4%€40k▼ 25.2%€45k▲ 13.3%

Net result€161k-€44k▼ 72.9%€-7k€7k

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 recovers in 2024; 2024 is 13% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €436k

12.7%

87.3%

Fixed assets €55k▼ 12.5%

Current assets €380k▲ 2.9%

Equity and liabilities €436k

50.7%

49.3%

Equity €221k▲ 3.3%

Debt €215k▼ 1.9%

The debt ratio falls from 50.6% to 49.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€57k▲

2023 · €50k

Cash flow

€19k▲

2023 · €3k

Solvency

50.7%▲

2023 · 49.4%

Current ratio

5.86▲

2023 · 1.91

Quick ratio

3.09▲

2023 · 1.05

Debt / equity

0.97▼

2023 · 1.02

ROE

3.2%▲

2023 · -3.5%

ROA

1.6%▲

2023 · -1.7%

Interest coverage

1.58▲

2023 · 1.02

Debt

€215k▼

2023 · €219k

Debt ≤ 1 year

€65k▼

2023 · €194k

Debt > 1 year

€150k

Income taxes

€5k▲

2023 · €599

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 2023

Balance sheet Code20232024

Assets

Total assets20/58€433k€436k▲

Fixed assets21/28€63k€55k▼

Tangible fixed assets22/27€60k€52k▼

Land and buildings22€42k€39k▼

Plant, machinery and equipment23€13k€11k▼

Furniture and vehicles24€4k€2k▼

Financial fixed assets28€3k€3k=

Current assets29/58€370k€380k▲

Amounts receivable after more than one year29€102k€103k▲

Other amounts receivable291€102k€103k▲

Stocks and contracts in progress3€167k€180k▲

Stocks30/36€167k€180k▲

Amounts receivable within one year40/41€72k€92k▲

Trade receivables40€45k€65k▲

Other amounts receivable41€27k€26k▼

Cash at bank and in hand54/58€29k€6k▼

Equity and liabilities

Total equity and liabilities10/49€433k€436k▲

Equity10/15€214k€221k▲

Contributions10/11€19k€19k=

Reserves13€203k€203k=

Distributable reserves133€203k€203k=

Profit (loss) carried forward14€-7k€-451▲

Amounts payable17/49€219k€215k▼

Amounts payable after more than one year17-€150k

Financial debts170/4-€150k

Amounts payable within one year42/48€194k€65k▼

Current portion of amounts payable after more than one year42€150k-

Trade debts44€5k€11k▲

Suppliers440/4€5k€11k▲

Taxes, remuneration and social security45€33k€32k▼

Taxes450/3€33k€32k▼

Other amounts payable47/48€5k€22k▲

Accrued charges and deferred income492/3€25k-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲

Other operating charges640/8€1k€5k▲

Gross operating margin9900€52k€62k▲

Operating profit (loss)9901€40k€45k▲

Financial income75/76B€2k€3k▲

Recurring financial income75€2k€3k▲

Financial charges65/66B€49k€36k▼

Recurring financial charges65€49k€36k▼

Profit (loss) for the period before taxes9903€-7k€12k▲

Income taxes67/77€599€5k▲

Profit (loss) for the period9904€-7k€7k▲

Profit (loss) for the period to be appropriated9905€-7k€7k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-7k€-451▲

Profit (loss) brought forward from the previous period14P-€-7k

The notes to these accounts (8 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 8Financial 4Filings 4

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 5.86

Current ratio from 1.91 to 5.86; short-term debt falls from €194k to €65k.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Weakest financial yearnet €-7k ▼117%

Net result drops to €-7k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Equity above €200kEq €221k ▲24.5%

2 profitable years in a row build equity to €221k.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 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, Waregem · 1 establishment unit since 2020

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.

Churchilllaan 88790 Waregem

Ground area

4,850 m²

Building footprint

2,372 m²

Volume, LiDAR

13,821 m³

Parcel 34452B0291/00T000, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

TANKKD

Churchilllaan 8, 8790 WaregemManufacture of other transport equipment

since 20202.307.968.114

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34452B0291/00T000	Flanders	4,850 m²	1 · 2,372 m²	14.9 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 53 EUR awarded · 260 EUR paid

Year	Entries	awarded	paid
2023	1	0 EUR	207 EUR
2022	1	53 EUR	53 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 53 EUR · 260 EUR paid · Fonds voor Innoveren en Ondernemen

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Of 4,426 companies in sector 46180 we hold annual accounts for 1,886. 1,345 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-09-2020

Fiscal year end31-12

Activities, NACEBEL

46180Agents specialised in the wholesale of other particular products

42990Civil engineering

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.