TARBAZ

Active

Private limited companyfounded 201214 yrs activeRue Paul Hulin(CO) 49, 6180 Courcelles, BelgiumKBO/BCE: BE 0844.825.953

The computed 12-month bankruptcy probability of TARBAZ is 1.6% (moderate). The 2024 annual accounts show equity of €418k and a net result of €57k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 6588 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

81 / 100

Excellent▲ +59 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▲+69

Solvency63▲+10

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €35k at 30 days only on tighter terms

Liquidity ample (current ratio 1.76 against 1.82 in 2023), but 70.3% 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

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

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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

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

29.7%

Return on assets

4.1%

Age of the figures

27 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts not filed

The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 228 days later.

NBB · 10 filings

Position against the passed deadline

30-06-2025 close31-01-2026 deadline16-09-2026 today

Filed after the deadline

The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 18-02-2025, 18 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 filed

2024

18 d late

2023

22 d late

2022

125 d early

2021

151 d late

2020

59 d late

2019

28 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, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€57k

2023 · €-64k

2019: €54k 2020: €-24k 2021: €63k 2022: €51k 2023: €-64k

2019 → 2024

Working capital

€442k▼ 12.4%

2023 · €505k

2019: €130k 2020: €268k 2021: €340k 2022: €466k 2023: €505k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€286k-€349k▲ 22.0%€400k▲ 14.5%€361k▼ 9.7%€418k▲ 15.9%

Operating result€14k-€152k▲ 1,022%€93k▼ 38.8%€-4k€120k

Net result€-24k-€63k€51k▼ 19.5%€-64k€57k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €120k after a loss of €4k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.41M

27.3%

72.7%

Fixed assets €385k▲ 0.4%

Current assets €1.02M▼ 8.7%

Equity and liabilities €1.41M

29.7%

70.3%

Equity €418k▲ 15.9%

Debt €992k▼ 13.4%

The debt ratio falls from 76.0% to 70.3%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€134k▲

2023 · €6k

Cash flow

€71k▲

2023 · €-53k

Solvency

29.7%▲

2023 · 24.0%

Current ratio

1.76▼

2023 · 1.82

Quick ratio

0.49▲

2023 · 0.21

Debt / equity

2.37▼

2023 · 3.17

ROE

13.7%▲

2023 · -17.7%

ROA

4.1%▲

2023 · -4.2%

Interest coverage

3.75▲

2023 · 0.31

Debt

€992k▼

2023 · €1.14M

Debt ≤ 1 year

€582k▼

2023 · €617k

Debt > 1 year

€409k▼

2023 · €527k

Income taxes

€28k▼

2023 · €39k

Staff costs

€142k▼

2023 · €303k

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€1.51M€1.41M▼

Fixed assets21/28€384k€385k▲

Tangible fixed assets22/27€46k€48k▲

Plant, machinery and equipment23€44k€35k▼

Furniture and vehicles24€2k€13k▲

Financial fixed assets28€338k€338k=

Current assets29/58€1.12M€1.02M▼

Stocks and contracts in progress3€992k€738k▼

Stocks30/36€992k€738k▼

Amounts receivable within one year40/41€79k€244k▲

Trade receivables40€53k€176k▲

Other amounts receivable41€26k€67k▲

Cash at bank and in hand54/58€36k€31k▼

Deferred charges and accrued income490/1€16k€12k▼

Equity and liabilities

Total equity and liabilities10/49€1.51M€1.41M▼

Equity10/15€361k€418k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€342k€400k▲

Amounts payable17/49€1.14M€992k▼

Amounts payable after more than one year17€527k€409k▼

Financial debts170/4€527k€409k▼

Amounts payable within one year42/48€617k€582k▼

Current portion of amounts payable after more than one year42€165k€149k▼

Trade debts44€396k€369k▼

Suppliers440/4€396k€369k▼

Taxes, remuneration and social security45€37k€64k▲

Taxes450/3€26k€57k▲

Remuneration and social security454/9€10k€7k▼

Other amounts payable47/48€19k€111▼

Accrued charges and deferred income492/3€528€344▼

Income statement Code20232024

Non-recurring operating income76A-€9k

Remuneration, social security and pensions62€303k€142k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲

Other operating charges640/8€37k€35k▼

Gross operating margin9900€346k€311k▼

Operating profit (loss)9901€-4k€120k▲

Financial income75/76B-€187

Recurring financial income75-€187

Financial charges65/66B€20k€36k▲

Recurring financial charges65€20k€36k▲

Profit (loss) for the period before taxes9903€-24k€85k▲

Income taxes67/77€39k€28k▼

Profit (loss) for the period9904€-64k€57k▲

Profit (loss) for the period to be appropriated9905€-64k€57k▲

Appropriation of the result

Profit (loss) to be appropriated9906€317k€400k▲

Profit (loss) brought forward from the previous period14P€381k€342k▼

Shareholders' contribution to the loss794€25k-

Social balance

Average headcount (FTE)9087-142,344.5

The notes to these accounts (13 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 13Financial 3Filings 10

2025

18-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 18 days late

2024

30-06

Financial Back to profitnet €57k

Net result €57k after one loss-making year.

22-02

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 22 days late

2023

30-06

Financial Weakest financial yearnet €-64k ▼226%

Net result drops to €-64k, the lowest in the series; recovery starts the following year.

2022

28-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema

01-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 151 days late

2021

30-06

Financial Back to profitnet €63k

Net result €63k after one loss-making year.

31-03

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 59 days late

2020

28-02

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 28 days late

2019

27-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 27 days late

2018

20-02

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 20 days late

2017

21-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 21 days late

2016

26-02

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 26 days late

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

Directors · office · real estate

Directors

6 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, Courcelles · 3 establishment units since 2013

establishment All 3 establishment units 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.

Rue Paul Hulin(CO) 496180 Courcelles

Ground area

1,550 m²

Building footprint

318 m²

Volume, LiDAR

1,205 m³

3 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

Tarbaz ROUX

Rue de Courcelles 181, 6044 CharleroiRetail trade

since 20132.223.260.784

Tarbaz COURCELLES

Rue Paul Hulin(CO) 49, 6180 CourcellesRetail trade

since 20152.246.485.554

Tarbaz LIDO

Rue des Déportés(CO) 1, 6180 CourcellesFood and beverage service activities

since 20172.267.742.907

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52015C0518/00A002	Wallonia	934 m²	1 · 128 m²	-
52015B1208/00P004	Wallonia	358 m²	1 · 140 m²	6.1 m · 2 fl.
52061A0340/00Y000	Wallonia	258 m²	1 · 50 m²	10.7 m · 3 fl.