TAR GROUP
ActiveThe computed 12-month bankruptcy probability of TAR GROUP is 2.7% (moderate). The 2024 annual accounts show equity of €25k and a net result of €15k. Its solvency ranks better than 41% of 9981 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
89
/ 100
Excellent▲ +11 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency63▲+12
Growth78
Stability94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.32 in 2023), and 66.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
33.5%
Return on assets
20.3%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
12 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€25k▲ 182%
2023 · €9k
2023: €9k
2023 → 2024
Total assets
€74k▲ 137%
2023 · €31k
2023: €31k
2023 → 2024
Net result
€15k▲ 71.0%
2023 · €9k
2023: €9k
2023 → 2024
Working capital
€23k▲ 221%
2023 · €7k
2023: €7k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€9k-€25k▲ 182%
Operating result€9k-€25k▲ 174%
Net result€9k-€15k▲ 71.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 174% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74k
Fixed assets
€2k▲ 3.3%
Current assets
€72k▲ 144%
Equity and liabilities €74k
Equity
€25k▲ 182%
Debt
€49k▲ 120%
The debt ratio falls from 71.8% to 66.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€27k▲
2023 · €9k
Cash flow
€17k▲
2023 · €9k
Solvency
33.5%▲
2023 · 28.2%
Current ratio
1.47▲
2023 · 1.32
Quick ratio
1.47▲
2023 · 1.32
Debt / equity
1.99▼
2023 · 2.55
ROE
60.6%▼
2023 · 100.0%
ROA
20.3%▼
2023 · 28.2%
Interest coverage
7.20▼
2023 · 34.22
Debt
€49k▲
2023 · €22k
Debt ≤ 1 year
€49k▲
2023 · €22k
Income taxes
€7k
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€31k€74k▲
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€744€1k▲
Furniture and vehicles24€815€593▼
Current assets29/58€30k€72k▲
Amounts receivable within one year40/41€27k€68k▲
Trade receivables40€26k€68k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€282€3k▲
Equity and liabilities
Total equity and liabilities10/49€31k€74k▲
Equity10/15€9k€25k▲
Contributions10/11-€1k
Outside capital11-€1k
Other1109/19-€1k
Profit (loss) carried forward14€9k€24k▲
Amounts payable17/49€22k€49k▲
Amounts payable within one year42/48€22k€49k▲
Trade debts44€8k€23k▲
Suppliers440/4€8k€23k▲
Taxes, remuneration and social security45-€12k
Taxes450/3-€5k
Remuneration and social security454/9-€7k
Other amounts payable47/48€14k€14k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€334€2k▲
Other operating charges640/8€730€2k▲
Gross operating margin9900€10k€29k▲
Operating profit (loss)9901€9k€25k▲
Financial income75/76B-€875
Recurring financial income75-€875
Financial charges65/66B€275€4k▲
Recurring financial charges65€275€4k▲
Profit (loss) for the period before taxes9903€9k€22k▲
Income taxes67/77-€7k
Profit (loss) for the period9904€9k€15k▲
Profit (loss) for the period to be appropriated9905€9k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€24k▲
Profit (loss) brought forward from the previous period14P-€9k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Pieters-Leeuw · 1 establishment unit since 2023
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.
Bergensesteenweg 241600 Sint-Pieters-LeeuwGround area
1,768 m²
Building footprint
526 m²
Volume, LiDAR
5,073 m³
2 parcels, Brussels, Flanders · tallest building 22.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TAR GROUP
since 20232.340.459.451
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 21007A0020/00T002 | Brussels | 130 m² | 1 · 129 m² | 22.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 11,921 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
53200Other postal and courier activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:fiodor.rusu25@gmail.com
Phone:+32465422404