TARGET SOLUTION
ActiveSummary
TARGET SOLUTION has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309k and a net result of €27k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 93% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+63
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.48 against 4.94 in 2024; short-term debt: 12.7% and cash: 30.3% of total assets), and 12.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.3%
Return on assets
7.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
22 d early
2023
42 d early
2022
2 d early
2021
33 d early
2020
32 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€309k▲ 9.7%
2024 · €282k
2018: €262klowest in 8 years
2019: €290k▲ +10.4% vs 2018
2020: €286k▼ -1.4% vs 2019
2021: €325k▲ +13.8% vs 2020highest in 8 years
2022: €292k▼ -10.0% vs 2021
2023: €292k▼ -0.2% vs 2022
2024: €282k▼ -3.5% vs 2023
2025: €309k▲ +9.7% vs 2024
2018 → 2025
Total assets
€354k▲ 9.6%
2024 · €323k
2018: €286klowest in 8 years
2019: €319k▲ +11.6% vs 2018
2020: €369k▲ +15.6% vs 2019highest in 8 years
2021: €359k▼ -2.5% vs 2020
2022: €354k▼ -1.5% vs 2021
2023: €341k▼ -3.6% vs 2022
2024: €323k▼ -5.4% vs 2023
2025: €354k▲ +9.6% vs 2024
2018 → 2025
Net result
€27k
2024 · €-10k
2018: €-4k
2019: €27k▲ +720% vs 2018
2020: €30k▲ +8.3% vs 2019
2021: €40k▲ +33.6% vs 2020highest in 8 years
2022: €-33k▼ -183% vs 2021lowest in 8 years
2023: €24k▲ +174% vs 2022
2024: €-10k▼ -142% vs 2023
2025: €27k▲ +370% vs 2024
2018 → 2025
Working capital
€201k▲ 23.7%
2024 · €162k
2018: €135klowest in 8 years
2019: €166k▲ +23.0% vs 2018
2020: €156k▼ -5.9% vs 2019
2021: €197k▲ +26.3% vs 2020
2022: €170k▼ -13.7% vs 2021
2023: €167k▼ -2.0% vs 2022
2024: €162k▼ -2.7% vs 2023
2025: €201k▲ +23.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€325k-€292k▼ 10.0%€292k▼ 0.2%€282k▼ 3.5%€309k▲ 9.7%
2021: €325khighest in 5 years
2022: €292k▼ -10.0% vs 2021
2023: €292k▼ -0.2% vs 2022
2024: €282k▼ -3.5% vs 2023lowest in 5 years
2025: €309k▲ +9.7% vs 2024
Operating result€65k-€-32k€25k€-10k€35k
2021: €65khighest in 5 years
2022: €-32k▼ -149% vs 2021lowest in 5 years
2023: €25k▲ +177% vs 2022
2024: €-10k▼ -142% vs 2023
2025: €35k▲ +447% vs 2024
Net result€40k-€-33k€24k€-10k€27k
2021: €40khighest in 5 years
2022: €-33k▼ -183% vs 2021lowest in 5 years
2023: €24k▲ +174% vs 2022
2024: €-10k▼ -142% vs 2023
2025: €27k▲ +370% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35k after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354k
Fixed assets
€108k ▼ 9.4%
Current assets
€246k ▲ 20.7%
Equity and liabilities €354k
Equity
€309k ▲ 9.7%
Debt
€45k ▲ 8.9%
Debt's share of the balance-sheet total falls from 12.8% to 12.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52k▲
2024 · €-3k
Cash flow
€44k▲
2024 · €-3k
Current ratio
5.48▲
2024 · 4.94
Quick ratio
2.42▲
2024 · 2.14
Debt to equity
0.15▼
2024 · 0.15
ROE
8.9%▲
2024 · -3.6%
ROA
7.7%▲
2024 · -3.1%
Interest coverage
34.94▲
2024 · -3.38
Debt ≤ 1 year
€45k▲
2024 · €41k
Income taxes
€8k▲
2024 · €0
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€323k€354k▲
Fixed assets21/28€119k€108k▼
Tangible fixed assets22/27€116k€105k▼
Land and buildings22€109k€99k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€4k€5k▲
Leasing and similar rights25€724€0▼
Financial fixed assets28€3k€3k▼
Current assets29/58€204k€246k▲
Stocks and contracts in progress3€115k€137k▲
Stocks30/36€115k€137k▲
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€369€820▲
Other amounts receivable41€3k€905▼
Cash at bank and in hand54/58€85k€107k▲
Deferred charges and accrued income490/1€39€0▼
Equity and liabilities
Total equity and liabilities10/49€323k€354k▲
Equity10/15€282k€309k▲
Contributions10/11€75k€75k=
Reserves13€207k€234k▲
Distributable reserves133€207k€234k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€41k€45k▲
Amounts payable within one year42/48€41k€45k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€24k€17k▼
Suppliers440/4€24k€17k▼
Taxes, remuneration and social security45€459€7k▲
Taxes450/3€459€7k▲
Other amounts payable47/48€17k€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€17k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-1k€55k▲
Operating profit (loss)9901€-10k€35k▲
Financial income75/76B€1k€904▼
Recurring financial income75€1k€904▼
Financial charges65/66B€981€2k▲
Recurring financial charges65€981€2k▲
Profit (loss) for the period before taxes9903€-10k€35k▲
Income taxes67/77€0€8k▲
Profit (loss) for the period9904€-10k€27k▲
Profit (loss) for the period to be appropriated9905€-10k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€27k▲
Transfer from equity791/2€10k€0▼
Transfer to equity691/2€0€27k▲
To other reserves6921€0€27k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (14 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 | €12k | €12k | €14k | €7k | €17k | ▲ 146% |
| Other operating charges640/8 | - | €1k | €2k | €2k | €2k | ▲ 9.4% |
| Gross operating margin9900 | €78k | €-18k | €40k | €-1k | €55k | ▲ 5,204% |
| Operating profit (loss)9901 | €65k | €-32k | €25k | €-10k | €35k | ▲ 447% |
| Financial income75/76B | - | €302 | €3k | €1k | €904 | ▼ 15.0% |
| Recurring financial income75 | €1k | €302 | €3k | €1k | €904 | ▼ 15.0% |
| Financial charges65/66B | - | €1k | €1k | €981 | €2k | ▲ 53.1% |
| Recurring financial charges65 | €2k | €1k | €1k | €981 | €2k | ▲ 53.1% |
| Profit (loss) for the period before taxes9903 | €64k | €-33k | €27k | €-10k | €35k | ▲ 444% |
| Income taxes67/77 | €25k | €0 | €2k | €0 | €8k | - |
| Profit (loss) for the period9904 | €40k | €-33k | €24k | €-10k | €27k | ▲ 370% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €58k | €-33k | €24k | €-10k | €27k | ▲ 370% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €359k | €354k | €341k | €323k | €354k | ▲ 9.6% |
| Fixed assets21/28 | €131k | €123k | €125k | €119k | €108k | ▼ 9.4% |
| Tangible fixed assets22/27 | €128k | €120k | €121k | €116k | €105k | ▼ 9.3% |
| Land and buildings22 | - | €104k | €110k | €109k | €99k | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €4k | €2k | €2k | €1k | ▼ 21.7% |
| Furniture and vehicles24 | - | €6k | €5k | €4k | €5k | ▲ 15.1% |
| Leasing and similar rights25 | - | €7k | €4k | €724 | €0 | ▼ 100% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | ▼ 13.3% |
| Current assets29/58 | €228k | €230k | €216k | €204k | €246k | ▲ 20.7% |
| Stocks and contracts in progress3 | €121k | €109k | €117k | €115k | €137k | ▲ 18.8% |
| Stocks30/36 | - | €109k | €117k | €115k | €137k | ▲ 18.8% |
| Amounts receivable within one year40/41 | €15k | €31k | €98 | €3k | €2k | ▼ 47.0% |
| Trade receivables40 | - | €11k | €0 | €369 | €820 | ▲ 122% |
| Other amounts receivable41 | - | €21k | €98 | €3k | €905 | ▼ 68.7% |
| Cash at bank and in hand54/58 | €93k | €90k | €99k | €85k | €107k | ▲ 25.9% |
| Deferred charges and accrued income490/1 | - | - | - | €39 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €359k | €354k | €341k | €323k | €354k | ▲ 9.6% |
| Equity10/15 | €325k | €292k | €292k | €282k | €309k | ▲ 9.7% |
| Contributions10/11 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €251k | €218k | €217k | €207k | €234k | ▲ 13.2% |
| Non-distributable reserves130/1 | - | €7k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €7k | €0 | - | - | - |
| Distributable reserves133 | - | €211k | €217k | €207k | €234k | ▲ 13.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €34k | €61k | €49k | €41k | €45k | ▲ 8.9% |
| Amounts payable after more than one year17 | €4k | €1k | €0 | - | - | - |
| Financial debts170/4 | - | €1k | €0 | - | - | - |
| Amounts payable within one year42/48 | €31k | €60k | €49k | €41k | €45k | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | - | €2k | €1k | €0 | - | - |
| Trade debts44 | €10k | €54k | €15k | €24k | €17k | ▼ 26.4% |
| Suppliers440/4 | - | €54k | €15k | €24k | €17k | ▼ 26.4% |
| Taxes, remuneration and social security45 | - | €4k | €5k | €459 | €7k | ▲ 1,494% |
| Taxes450/3 | - | €4k | €5k | €459 | €7k | ▲ 1,494% |
| Other amounts payable47/48 | - | - | €29k | €17k | €20k | ▲ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €-33k | €24k | €-10k | €27k | ▲ 370% |
| + Depreciation and write-downs630 | €12k | €12k | €14k | €7k | €17k | ▲ 146% |
| Operating cash flow (approximation) | €51k | €-20k | €38k | €-3k | €44k | ▲ 1,471% |
| Investment in fixed assets (approximation) | - | €-4k | €-15k | €-1k | €-6k | ▼ 390% |
| Change in cash | - | €-3k | €9k | €-14k | €22k | ▲ 258% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €40k ▲33.6%
Operating result €65k, net result €40k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 7.45
Current ratio from 3.02 to 7.45; short-term debt falls from €77k to €31k.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Willebroek · 1 establishment unit since 2002
Ground area
283 m²
Building footprint
120 m²
Volume, LiDAR
837 m³
Parcel 12342C0244/00G003, Flanders · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BOEKSKE
since 20022.095.920.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342C0244/00G003 | Flanders | 283 m² | 1 · 120 m² | 13.5 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.
Similar companies · same sector, comparable size
OVERSTEYNS
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EBA
BE 0467.430.231
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LEMME - FERON
BE 0455.476.267
Crisnée · Eq €306,898
Livro
BE 0838.950.426
Geel · Eq €306,602
VISUEEL MEDIA
BE 0806.058.617
Anzegem · Eq €306,556
Of 2,347 companies in sector 47621 we hold annual accounts for 1,248. 932 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
Founded27-03-2002
Fiscal year end30-09
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.