Active BE 0783.647.162Public limited company

TARCO

Vredestraat 53 ·8790 Waregem, Belgium· 4 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of TARCO is 2.6% (moderate). The 2025 annual accounts show equity of €44k and a net result of €-7k. Equity is shrinking by ~14.7% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€44k
Net result	€-7k
Active	4 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

59 / 100

Mixed profile: strong on solvency, weaker on profitability.

Health 70

Profitability 0

Solvency 100

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.6% Moderate

0%0,5%1,5%4%10%≥25%

Young company +No NACE activity registered +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

70 / 100 Healthy

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 15-12-2025 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~14.7%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€-8k

-1623.9% 23-25

Net profit

€-7k

+6.0% 23-25

Cash flow

€-8k

-1177.4% 23-25

Total assets

€50k

-14.1% 23-25

Equity

€44k

-14.3% 23-25

Working capital

€44k

-14.3% 23-25

Debt

€6k

-13.1% 23-25

Debt ≤ 1y

€6k

-13.1% 23-25

Current ratio

8.07

-1.2% 23-25

Quick ratio

8.07

-1.2% 23-25

Solvency

87.6%

-0.2% 23-25

Debt / equity

0.14

+1.4% 23-25

ROE

-16.6%

-9.7% 23-25

ROA

-14.6%

-9.5% 23-25

Interest coverage

-44.04

-1574.1% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	-
Net profit	€-7k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€50k
Equity	€44k
Debt	€6k
of which ≤ 1y	€6k
of which > 1y	-
Working capital	€44k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	8.07
Quick ratio	8.07
Working capital ratio	87.6%
Solvency	87.6%
Debt / equity	0.14
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-14.6%
ROE	-16.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	432d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Equity & liabilities

Equity €44k · 87.6% Debt €6k · 12.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€50k
Current assets	29/58	€50k
Amounts receivable within one year	40/41	€0
Cash & bank	54/58	€50k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€50k
Equity	10/15	€44k
Contributions / capital	10/11	€62k
Accumulated profits (losses)	14	€-18k
Amounts payable	17/49	€6k
Amounts payable within one year	42/48	€6k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€-5k
Operating result	9901	€-7k
Financial charges	65	€176
Result before taxes	9903	€-7k
Net result for the period	9904	€-7k
Result to be appropriated	9905	€-7k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	21-03-2022
Status	Active
Postal code	8790

Establishment units 1 location

TARCO

Vredestraat 53, 8790 WaregemOntwikkeling van residentiële bouwprojecten

since 20222.331.570.489

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34452B1150/00A000	Flanders	1.1 ha	1 · 581 m²	5.1 m

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

12-01-2026

State Gazette act Director changes

2025

15-12-2025

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2024

19-12-2024

NBB filing Annual accounts filed

fiscal year 2024 · verkort

23-07-2024

State Gazette act Director changes

29-01-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 6 months ago

2026

12-01-2026 2 directors appointed, 1 reappointed Director changes

Griet T'Jollyn, Gedelegeerd bestuurder
Hannah De Paermentier, Gedelegeerd bestuurder
Mark Hillewaere, Bestuurder

Original publication ↗

Technical details

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2024

23-07-2024 4 directors appointed Director changes

BDO Bedrijfsrevisoren BV, Commissaris
Mark Hillewaere, Bestuurder
Griet T'Jollyn, Gedelegeerd bestuurder
Hannah De Paermentier, Gedelegeerd bestuurder

Original publication ↗

Technical details

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      "decharge_status": null,
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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

TARCO

Registered office

Vredestraat 53

8790 Waregem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.