TAOW
ActiveSummary
TAOW has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €369,800 and a net result of €35,839. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 93% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+4
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 10.88 against 3.04 in 2024; short-term debt: 5.9% and cash: 47.8% of total assets), and 6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
94%
Return on assets
9.1%
Age of the figures
15 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-01-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
4 d early
2023
5 d early
2022
10 d early
2021
41 d early
2020
34 d early
2019
16 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 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€369,800▲ 10.7%
2024 · €333,962
Total assets
€393,376▼ 11.0%
2024 · €442,212
Net result
€35,839▲ 34.0%
2024 · €26,747
Working capital
€228,524▲ 3.6%
2024 · €220,658
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€54,211-€18,830€29,732€39,477▲ 32.8%€51,654▲ 30.8%
Net result€37,258within the sector's middle half-€18,956below the sector's middle half€20,809within the sector's middle half€26,747within the sector's middle half▲ 28.5%€35,839within the sector's middle half▲ 34.0%
Equity€392,362above the sector's middle half▲ 10.5%€373,406above the sector's middle half▼ 4.8%€394,215above the sector's middle half▲ 5.6%€333,962above the sector's middle half▼ 15.3%€369,800above the sector's middle half▲ 10.7%
Total assets€418,936above the sector's middle half▲ 17.6%€386,644above the sector's middle half▼ 7.7%€428,928above the sector's middle half▲ 10.9%€442,212above the sector's middle half▲ 3.1%€393,376above the sector's middle half▼ 11.0%
Debt€26,574▲ 2,564%€13,238▼ 50.2%€34,713▲ 162%€108,250▲ 212%€23,575▼ 78.2%
Working capital€299,127▲ 24.2%€238,574▼ 20.2%€269,939▲ 13.1%€220,658▼ 18.3%€228,524▲ 3.6%
Solvency93.7%above the sector's middle half▼ 6.1pp96.6%above the sector's middle half▲ 2.9pp91.9%above the sector's middle half▼ 4.7pp75.5%within the sector's middle half▼ 16.4pp94.0%above the sector's middle half▲ 18.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €393,376
Fixed assets
€141,716 ▲ 25.1%
Current assets
€251,659 ▼ 23.5%
Equity and liabilities €393,376
Equity
€369,800 ▲ 10.7%
Debt
€23,575 ▼ 78.2%
Debt's share of the balance-sheet total falls from 24.5% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,580▲
2024 · €55,473
Cash flow
€54,764▲
2024 · €42,742
Current ratio
10.88▲
2024 · 3.04
Debt to equity
0.06▼
2024 · 0.32
ROE
9.7%▲
2024 · 8.0%
ROA
9.1%▲
2024 · 6.0%
Interest coverage
567.36▲
2024 · 423.88
Debt ≤ 1 year
€23,135▼
2024 · €108,250
Income taxes
€15,695▲
2024 · €12,616
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,483 | €24,279 | €27,531 | €15,995 | €18,926 | ▲ 18.3% |
| Other operating charges640/8 | - | €1,669 | €1,895 | €1,914 | €1,650 | ▼ 13.8% |
| Gross operating margin9900 | €68,257 | €7,118 | €59,158 | €57,386 | €72,230 | ▲ 25.9% |
| Operating profit (loss)9901 | €54,211 | -€18,830 | €29,732 | €39,477 | €51,654 | ▲ 30.8% |
| Financial income75/76B | - | €0 | - | €16 | €4 | ▼ 75.3% |
| Recurring financial income75 | - | €0 | - | €16 | €4 | ▼ 75.3% |
| Financial charges65/66B | - | €126 | €123 | €131 | €124 | ▼ 4.9% |
| Recurring financial charges65 | €108 | €126 | €123 | €131 | €124 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €54,103 | -€18,956 | €29,609 | €39,363 | €51,534 | ▲ 30.9% |
| Income taxes67/77 | €16,845 | - | €8,800 | €12,616 | €15,695 | ▲ 24.4% |
| Profit (loss) for the period9904 | €37,258 | -€18,956 | €20,809 | €26,747 | €35,839 | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €37,258 | -€18,956 | €20,809 | €26,747 | €35,839 | ▲ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €418,936 | €386,644 | €428,928 | €442,212 | €393,376 | ▼ 11.0% |
| Fixed assets21/28 | €93,235 | €134,831 | €124,276 | €113,303 | €141,716 | ▲ 25.1% |
| Tangible fixed assets22/27 | €25,573 | €67,169 | €56,614 | €45,641 | €74,054 | ▲ 62.3% |
| Land and buildings22 | - | €2,962 | €2,646 | €2,329 | €2,013 | ▼ 13.6% |
| Plant, machinery and equipment23 | - | €364 | €678 | €5,330 | €4,587 | ▼ 13.9% |
| Furniture and vehicles24 | - | €63,843 | €53,290 | €37,982 | €67,454 | ▲ 77.6% |
| Financial fixed assets28 | €67,662 | €67,662 | €67,662 | €67,662 | €67,662 | = |
| Current assets29/58 | €325,702 | €251,812 | €304,652 | €328,908 | €251,659 | ▼ 23.5% |
| Amounts receivable within one year40/41 | €35,410 | €38,234 | €25,523 | €38,031 | €63,119 | ▲ 66.0% |
| Trade receivables40 | - | €28,234 | €15,519 | €28,016 | €53,119 | ▲ 89.6% |
| Other amounts receivable41 | - | €10,000 | €10,004 | €10,015 | €10,000 | ▼ 0.1% |
| Cash at bank and in hand54/58 | €290,292 | €213,578 | €279,129 | €290,877 | €187,882 | ▼ 35.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €658 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €418,936 | €386,644 | €428,928 | €442,212 | €393,376 | ▼ 11.0% |
| Equity10/15 | €392,362 | €373,406 | €394,215 | €333,962 | €369,800 | ▲ 10.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €126,118 | €126,118 | €146,927 | €86,674 | €122,512 | ▲ 41.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €124,258 | €145,067 | €84,814 | €120,652 | ▲ 42.3% |
| Profit (loss) carried forward14 | €247,644 | €228,688 | €228,688 | €228,688 | €228,688 | = |
| Amounts payable17/49 | €26,574 | €13,238 | €34,713 | €108,250 | €23,575 | ▼ 78.2% |
| Amounts payable within one year42/48 | €26,574 | €13,238 | €34,713 | €108,250 | €23,135 | ▼ 78.6% |
| Trade debts44 | - | €1,368 | €6,272 | €2,402 | €3,452 | ▲ 43.7% |
| Suppliers440/4 | - | €1,368 | €6,272 | €2,402 | €3,452 | ▲ 43.7% |
| Taxes, remuneration and social security45 | - | €9,897 | €26,397 | €21,161 | €15,925 | ▼ 24.7% |
| Taxes450/3 | - | €9,897 | €26,397 | €21,161 | €15,925 | ▼ 24.7% |
| Other amounts payable47/48 | - | €1,974 | €2,043 | €84,687 | €3,759 | ▼ 95.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €440 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,258 | -€18,956 | €20,809 | €26,747 | €35,839 | ▲ 34.0% |
| + Depreciation and write-downs630 | €13,483 | €24,279 | €27,531 | €15,995 | €18,926 | ▲ 18.3% |
| Operating cash flow (approximation) | €50,740 | €5,323 | €48,340 | €42,742 | €54,764 | ▲ 28.1% |
| Investment in fixed assets (approximation) | - | -€65,876 | -€16,975 | -€5,023 | -€47,339 | ▼ 842% |
| Change in cash | - | -€76,714 | €65,551 | €11,749 | -€102,995 | ▼ 977% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity quadruplescurrent ratio 10.88
Current ratio from 3.04 to 10.88; short-term debt falls from €108,250 to €23,135.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €20,809
Net result €20,809 after one loss-making year.
21-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €37,258
Net result €37,258 after one loss-making year.
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet -€23,661
Net result drops to -€23,661, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 8current ratio 242.51
Current ratio from 29.09 to 242.51; short-term debt falls from €8,947 to €997.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
12-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Oosterzele · 1 establishment unit since 2009
Ground area
1,966 m²
Building footprint
189 m²
Volume, LiDAR
956 m³
Parcel 44059A0911/00E002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TAOW
since 20092.185.843.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44059A0911/00E002 | Flanders | 1,966 m² | 1 · 189 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2025 · 1 entry · 203 EUR awarded · 203 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 203 EUR | 203 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 13,111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-2009
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
barbara.belpaire@gmail.com
E-mail
frankenmaes@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821312262
Also
9925:BE0821312262
Registered
02-09-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.