TARGANCE
ActiveSummary
TARGANCE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €-5k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-61
Solvency76▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.92 in 2024; short-term debt: 49.4% of total assets), and 49.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
50.6%
Return on assets
-3.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-09-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
27 d early
2023
10 d late
2022
4 d late
2021
50 d late
2020
1 d early
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k
2024 · €7k
2019: €1k
2020: €-11k▼ -913% vs 2019lowest in 7 years
2021: €-138▲ +98.7% vs 2020
2022: €2k▲ +1914% vs 2021
2023: €7k▲ +193% vs 2022
2024: €7k▲ +0.1% vs 2023highest in 7 years
2025: €-5k▼ -164% vs 2024
2019 → 2025
Working capital
€64k▼ 7.9%
2024 · €69k
2019: €50k
2020: €47k▼ -6.7% vs 2019lowest in 7 years
2021: €52k▲ +12.2% vs 2020
2022: €55k▲ +4.8% vs 2021
2023: €61k▲ +11.8% vs 2022
2024: €69k▲ +12.6% vs 2023highest in 7 years
2025: €64k▼ -7.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€58k▲ 4.5%€65k▲ 12.6%€72k▲ 11.2%€68k▼ 6.4%
2021: €55klowest in 5 years
2022: €58k▲ +4.5% vs 2021
2023: €65k▲ +12.6% vs 2022
2024: €72k▲ +11.2% vs 2023highest in 5 years
2025: €68k▼ -6.4% vs 2024
Operating result€1k-€2k▲ 85.8%€10k▲ 371%€9k▼ 13.6%€-5k
2021: €1k
2022: €2k▲ +85.8% vs 2021
2023: €10k▲ +371% vs 2022highest in 5 years
2024: €9k▼ -13.6% vs 2023
2025: €-5k▼ -159% vs 2024lowest in 5 years
Net result€-138-€2k€7k▲ 193%€7k▲ 0.1%€-5k
2021: €-138
2022: €2k▲ +1914% vs 2021
2023: €7k▲ +193% vs 2022
2024: €7k▲ +0.1% vs 2023highest in 5 years
2025: €-5k▼ -164% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€4k ▲ 23.0%
Current assets
€130k ▼ 10.0%
Equity and liabilities €134k
Equity
€68k ▼ 6.4%
Debt
€66k ▼ 11.9%
Debt's share of the balance-sheet total falls from 50.9% to 49.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▼
2024 · €9k
Cash flow
€-4k▼
2024 · €8k
Current ratio
1.96▲
2024 · 1.92
Debt to equity
0.98▼
2024 · 1.04
ROE
-6.9%▼
2024 · 10.1%
ROA
-3.5%▼
2024 · 5.0%
Interest coverage
-3.17▼
2024 · 6.00
Debt ≤ 1 year
€66k▼
2024 · €75k
Income taxes
€123▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€148k€134k▼
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€432€1k▲
Plant, machinery and equipment23€432€1k▲
Financial fixed assets28€3k€3k=
Current assets29/58€144k€130k▼
Amounts receivable within one year40/41€144k€125k▼
Trade receivables40€69k€41k▼
Other amounts receivable41€75k€83k▲
Deferred charges and accrued income490/1€462€5k▲
Equity and liabilities
Total equity and liabilities10/49€148k€134k▼
Equity10/15€72k€68k▼
Contributions10/11€6k€6k=
Reserves13€62k€62k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€4k€-261▼
Amounts payable17/49€75k€66k▼
Amounts payable within one year42/48€75k€66k▼
Financial debts43€4k€2k▼
Credit institutions430/8€4k€2k▼
Trade debts44€35k€51k▲
Suppliers440/4€35k€51k▲
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€10k€13k▲
Other amounts payable47/48€27k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€399€523▲
Other operating charges640/8-€2k
Gross operating margin9900€9k€-3k▼
Operating profit (loss)9901€9k€-5k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€11k€-5k▼
Income taxes67/77€4k€123▼
Profit (loss) for the period9904€7k€-5k▼
Profit (loss) for the period to be appropriated9905€7k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-261▼
Profit (loss) brought forward from the previous period14P€-3k€4k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €365 | €399 | €523 | ▲ 31.2% |
| Other operating charges640/8 | - | - | - | - | €2k | - |
| Gross operating margin9900 | €4k | €2k | €11k | €9k | €-3k | ▼ 133% |
| Operating profit (loss)9901 | €1k | €2k | €10k | €9k | €-5k | ▼ 159% |
| Financial income75/76B | - | €744 | €2k | €4k | €2k | ▼ 39.3% |
| Recurring financial income75 | €836 | €744 | €2k | €4k | €2k | ▼ 39.3% |
| Financial charges65/66B | - | €462 | €2k | €2k | €2k | ▼ 3.8% |
| Recurring financial charges65 | €620 | €462 | €2k | €2k | €2k | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €1k | €2k | €10k | €11k | €-5k | ▼ 141% |
| Income taxes67/77 | €2k | - | €3k | €4k | €123 | ▼ 96.8% |
| Profit (loss) for the period9904 | €-138 | €2k | €7k | €7k | €-5k | ▼ 164% |
| Profit (loss) for the period to be appropriated9905 | €-138 | €2k | €7k | €7k | €-5k | ▼ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103k | €120k | €163k | €148k | €134k | ▼ 9.2% |
| Fixed assets21/28 | €3k | €3k | €4k | €3k | €4k | ▲ 23.0% |
| Tangible fixed assets22/27 | - | - | €830 | €432 | €1k | ▲ 185% |
| Plant, machinery and equipment23 | - | - | €830 | €432 | €1k | ▲ 185% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €100k | €117k | €159k | €144k | €130k | ▼ 10.0% |
| Amounts receivable within one year40/41 | €87k | €117k | €159k | €144k | €125k | ▼ 13.3% |
| Trade receivables40 | - | €45k | €50k | €69k | €41k | ▼ 40.2% |
| Other amounts receivable41 | - | €72k | €109k | €75k | €83k | ▲ 11.1% |
| Cash at bank and in hand54/58 | €12k | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €462 | €5k | ▲ 1,035% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103k | €120k | €163k | €148k | €134k | ▼ 9.2% |
| Equity10/15 | €55k | €58k | €65k | €72k | €68k | ▼ 6.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €62k | €62k | €62k | €62k | €62k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-13k | €-10k | €-3k | €4k | €-261 | ▼ 106% |
| Amounts payable17/49 | €47k | €63k | €98k | €75k | €66k | ▼ 11.9% |
| Amounts payable within one year42/48 | €47k | €63k | €98k | €75k | €66k | ▼ 11.9% |
| Financial debts43 | - | €1k | €2k | €4k | €2k | ▼ 33.1% |
| Credit institutions430/8 | - | €1k | €2k | €4k | €2k | ▼ 33.1% |
| Trade debts44 | €35k | €48k | €66k | €35k | €51k | ▲ 46.3% |
| Suppliers440/4 | - | €48k | €66k | €35k | €51k | ▲ 46.3% |
| Taxes, remuneration and social security45 | - | €37 | €9k | €10k | €13k | ▲ 34.8% |
| Taxes450/3 | - | €37 | €9k | €10k | €13k | ▲ 34.8% |
| Other amounts payable47/48 | - | €13k | €22k | €27k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-138 | €2k | €7k | €7k | €-5k | ▼ 164% |
| + Depreciation and write-downs630 | - | - | €365 | €399 | €523 | ▲ 31.2% |
| Operating cash flow (approximation) | €-138 | €2k | €8k | €8k | €-4k | ▼ 154% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €-1k | - |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2019net €7k ▲0.1%
Net result €7k, the highest in the series.
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 10 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
31-03
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 50 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 111 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Malmedy · 1 establishment unit since 1997
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.
Mont-Chemin du Spineu 174960 MalmedyGround area
1,231 m²
Building footprint
147 m²
Volume, LiDAR
819 m³
Parcel 56002C0481/00C000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Lalonnerie(BLX) 9, 6464 Chimay
since 19972.081.489.643
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56002C0481/00C000 | Wallonia | 1,231 m² | 1 · 147 m² | 7.7 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.
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Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 1,456 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
Founded06-03-1997
Fiscal year end31-03
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
58290Other software publishing
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.