Targa's
ActiveSummary
The computed 12-month bankruptcy probability of Targa's is 4.9% (elevated). The 2024 annual accounts show negative equity (-€4,652) and a net result of -€2,100. Equity is shrinking by ~138.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.65 in 2023; short-term debt: 147.7% and cash: 26.2% of total assets), and equity is negative.
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Signals
Four 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 · 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
-47.7%
Return on assets
-21.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
46 d early
2024
64 d early
2023
5 d early
2022
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
-€4,652▼ 82.3%
2023 · -€2,551
Total assets
€9,750▼ 13.7%
2023 · €11,301
Net result
-€2,100▲ 59.6%
2023 · -€5,193
Working capital
-€6,298▼ 30.4%
2023 · -€4,829
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line202220232024
Operating result-€571--€5,035▼ 782%-€2,030▲ 59.7%
Net result-€359below the sector's middle half--€5,193below the sector's middle half▼ 1,347%-€2,100below the sector's middle half▲ 59.6%
Equity€2,641below the sector's middle half--€2,551below the sector's middle half-€4,652below the sector's middle half▼ 82.3%
Total assets€13,258below the sector's middle half-€11,301below the sector's middle half▼ 14.8%€9,750below the sector's middle half▼ 13.7%
Debt€10,617-€13,852▲ 30.5%€14,401▲ 4.0%
Working capital-€888below the sector's middle half--€4,829below the sector's middle half▼ 444%-€6,298below the sector's middle half▼ 30.4%
Solvency19.9%below the sector's middle half--22.6%below the sector's middle half▼ 42.5pp-47.7%below the sector's middle half▼ 25.1pp
Current ratio0.92below the sector's middle half-0.65below the sector's middle half▼ 0.260.56below the sector's middle half▼ 0.09
Return on assets (ROA)-2.7%below the sector's middle half--45.9%below the sector's middle half▼ 43.2pp-21.5%below the sector's middle half▲ 24.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result stays negative: a loss of €2,030 in 2024 against €5,035 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9,750
Fixed assets
€1,647 ▼ 27.7%
Current assets
€8,103 ▼ 10.2%
Key figures and ratios
EBITDA
-€1,398▲
2023 · -€3,784
Cash flow
-€1,469▲
2023 · -€3,941
Quick ratio
0.25▼
2023 · 0.31
Debt to equity
-3.10▲
2023 · -5.43
Interest coverage
-17.60▲
2023 · -23.95
Debt ≤ 1 year
€14,401▲
2023 · €13,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,010 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €1,314 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,128 | €1,251 | €631 | ▼ 49.5% |
| Other operating charges640/8 | €123 | €109 | €118 | ▲ 8.3% |
| Gross operating margin9900 | €1,680 | -€3,675 | -€1,280 | ▲ 65.2% |
| Operating profit (loss)9901 | -€571 | -€5,035 | -€2,030 | ▲ 59.7% |
| Financial income75/76B | €355 | €0 | €9 | ▲ 2,907% |
| Recurring financial income75 | €355 | €0 | €9 | ▲ 2,907% |
| Financial charges65/66B | €143 | €158 | €79 | ▼ 49.7% |
| Recurring financial charges65 | €119 | €158 | €79 | ▼ 49.7% |
| Non-recurring financial charges66B | €24 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€359 | -€5,193 | -€2,100 | ▲ 59.6% |
| Profit (loss) for the period9904 | -€359 | -€5,193 | -€2,100 | ▲ 59.6% |
| Profit (loss) for the period to be appropriated9905 | -€359 | -€5,193 | -€2,100 | ▲ 59.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €13,258 | €11,301 | €9,750 | ▼ 13.7% |
| Fixed assets21/28 | €3,529 | €2,278 | €1,647 | ▼ 27.7% |
| Tangible fixed assets22/27 | €3,529 | €2,278 | €1,647 | ▼ 27.7% |
| Plant, machinery and equipment23 | €1,709 | €858 | €626 | ▼ 27.0% |
| Furniture and vehicles24 | €1,820 | €1,420 | €1,020 | ▼ 28.2% |
| Current assets29/58 | €9,729 | €9,023 | €8,103 | ▼ 10.2% |
| Stocks and contracts in progress3 | €4,200 | €4,777 | €4,443 | ▼ 7.0% |
| Stocks30/36 | €4,200 | €4,777 | €4,443 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €3,897 | €3,884 | €1,102 | ▼ 71.6% |
| Trade receivables40 | €180 | €3,860 | - | - |
| Other amounts receivable41 | €3,717 | €24 | €1,102 | ▲ 4,436% |
| Cash at bank and in hand54/58 | €1,632 | €311 | €2,558 | ▲ 723% |
| Deferred charges and accrued income490/1 | - | €51 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €13,258 | €11,301 | €9,750 | ▼ 13.7% |
| Equity10/15 | €2,641 | -€2,551 | -€4,652 | ▼ 82.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€359 | -€5,551 | -€7,652 | ▼ 37.8% |
| Amounts payable17/49 | €10,617 | €13,852 | €14,401 | ▲ 4.0% |
| Amounts payable within one year42/48 | €10,617 | €13,852 | €14,401 | ▲ 4.0% |
| Trade debts44 | €2,570 | €3,273 | €586 | ▼ 82.1% |
| Suppliers440/4 | €2,570 | €3,273 | €586 | ▼ 82.1% |
| Taxes, remuneration and social security45 | - | - | €3,301 | - |
| Taxes450/3 | - | - | €3,301 | - |
| Other amounts payable47/48 | €8,047 | €10,579 | €10,514 | ▼ 0.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€359 | -€5,193 | -€2,100 | ▲ 59.6% |
| + Depreciation and write-downs630 | €2,128 | €1,251 | €631 | ▼ 49.5% |
| Operating cash flow (approximation) | €1,769 | -€3,941 | -€1,469 | ▲ 62.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€1,321 | €2,247 | ▲ 270% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€5,193
Net result drops to -€5,193, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Putte · 1 establishment unit since 2021
Ground area
6,953 m²
Building footprint
30 m²
Volume, LiDAR
27 m³
Parcel 12029C0362/00_000, Flanders · tallest building 2.5 m. Linked by address, not a title deed.
1 establishment unit
Targa's
since 20212.318.319.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029C0362/00_000 | Flanders | 6,953 m² | 1 · 30 m² | 2.5 m |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePutte2.318.319.596
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 1,897 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
Founded16-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
01480Raising of other animals
31001Manufacture of furniture
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47639Retail sale of other sporting goods
47762Retail sale of pets, pet food and pet supplies
72109Other research and development on natural sciences
74201Photography, excluding press photography
85510Sports and recreation education
96995Pet boarding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769759237
Also
9925:BE0769759237
Registered
05-04-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.