TARGIT
ActiveSummary
The annual accounts of TARGIT for fiscal year 2024 show a net loss of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €70k and a net result of €-92k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 8093 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability3▼-49
Solvency35▼-21
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.56 against 0.91 in 2023; short-term debt: 87.2% and cash: 3.7% of total assets), and 90.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
9.8%
Return on assets
-13%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-92k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8093 sector peers (2024).
NBB · sector comparisonPosition among 8093 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
12 d early
2022
27 d early
2021
12 d early
2020
25 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€70k▼ 57.0%
2023 · €162k
2018: €84k
2019: €86k
2020: €79k
2021: €135k
2022: €170k
2023: €162k
2018 → 2024
Total assets
€711k▲ 36.4%
2023 · €522k
2018: €229k
2019: €262k
2020: €260k
2021: €297k
2022: €416k
2023: €522k
2018 → 2024
Net result
€-92k▼ 999%
2023 · €-8k
2018: €1k
2019: €2k
2020: €-7k
2021: €56k
2022: €35k
2023: €-8k
2018 → 2024
Working capital
€-272k▼ 859%
2023 · €-28k
2018: €46k
2019: €71k
2020: €69k
2021: €127k
2022: €154k
2023: €-28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€79k-€135k▲ 70.8%€170k▲ 26.2%€162k▼ 4.9%€70k▼ 57.0%
Operating result€-1k-€83k€54k▼ 34.9%€1k▼ 97.5%€-84k
Net result€-7k-€56k€35k▼ 36.8%€-8k€-92k▼ 999%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €84k after €1k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €711k
Fixed assets
€363k ▲ 63.8%
Current assets
€348k ▲ 16.1%
Equity and liabilities €711k
Equity
€70k ▼ 57.0%
Debt
€642k ▲ 78.4%
Debt's share of the balance-sheet total rises from 69.0% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-20k▼
2023 · €18k
Cash flow
€-27k▼
2023 · €9k
Current ratio
0.56▼
2023 · 0.91
Quick ratio
0.54▼
2023 · 0.87
Debt to equity
9.21▲
2023 · 2.22
ROE
-132.5%▼
2023 · -5.2%
ROA
-13.0%▼
2023 · -1.6%
Interest coverage
-2.70▼
2023 · 4.20
Debt ≤ 1 year
€620k▲
2023 · €328k
Debt > 1 year
€21k▼
2023 · €31k
Income taxes
€637▼
2023 · €5k
Staff costs
€723k▲
2023 · €542k
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 · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€522k€711k▲
Fixed assets21/28€222k€363k▲
Intangible fixed assets21€114k€277k▲
Tangible fixed assets22/27€105k€86k▼
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€38k€28k▼
Other tangible fixed assets26€52k€46k▼
Financial fixed assets28€2k-
Current assets29/58€300k€348k▲
Stocks and contracts in progress3€13k€13k=
Stocks30/36€13k€13k=
Amounts receivable within one year40/41€135k€197k▲
Trade receivables40€83k€197k▲
Other amounts receivable41€52k-
Cash at bank and in hand54/58€48k€26k▼
Deferred charges and accrued income490/1€104k€112k▲
Equity and liabilities
Total equity and liabilities10/49€522k€711k▲
Equity10/15€162k€70k▼
Contributions10/11€75k€75k=
Reserves13€87k€8k▼
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Distributable reserves133€79k-
Profit (loss) carried forward14-€-13k
Amounts payable17/49€360k€642k▲
Amounts payable after more than one year17€31k€21k▼
Financial debts170/4€31k€21k▼
Amounts payable within one year42/48€328k€620k▲
Current portion of amounts payable after more than one year42€18k€39k▲
Financial debts43-€25k
Other loans439-€25k
Trade debts44€229k€394k▲
Suppliers440/4€229k€394k▲
Taxes, remuneration and social security45€80k€74k▼
Taxes450/3€28k€27k▼
Remuneration and social security454/9€52k€47k▼
Other amounts payable47/48€2k€88k▲
Income statement
Code20232024
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€542k€723k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€65k▲
Other operating charges640/8€37k€852▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€599k€704k▲
Operating profit (loss)9901€1k€-84k▼
Financial income75/76B€0€81▲
Recurring financial income75€0€81▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€-3k€-92k▼
Income taxes67/77€5k€637▼
Profit (loss) for the period9904€-8k€-92k▼
Profit (loss) for the period to be appropriated9905€-8k€-92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-92k▼
Transfer from equity791/2€8k€79k▲
Social balance
Average headcount (FTE)90874.86.6▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-07
State Gazette act
Capital & shares · Statutes amendment · RestructuringMerger · Capital · Net-asset statement7 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Restructuring
Merger · Capital · Net-asset statement7 facts ▸
- Merger, fusion by absorption, 0
- Capital, €916.713,89
- Net-asset statement, 31-12-2025
- Net-asset statement, 31-12-2025
- Share issue, 868, fusion by absorption
- Accounting effect, 01-01-2026
- Share cancellation, 100, eigen aandelen onmiddellijk na de fusie door overneming vernietigd in een aanvullend besluit in de akte aangaande de fusie
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €170k ▲26.2%
2 profitable years in a row build equity to €170k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
31-12
Financial
Equity above €100kEq €135k ▲70.8%
Equity rises from €79k to €135k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2009
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.
Hendrik Consciencestraat 52800 MechelenGround area
1,593 m²
Building footprint
607 m²
Parcel 12403D0086/00Y007, Flanders. Linked by address, not a title deed.
1 establishment unit
Calm-Co
since 20092.178.972.168
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0086/00Y007 | Flanders | 1,593 m² | 1 · 607 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De vennootschap heeft tot voorwerp: 1. Studie-, organisatie- en raadgevend bureau inzake financiële, handels-, automatiserings-, fiscale of sociale aangelegenheden met inbegrip van…
Full purpose
De vennootschap heeft tot voorwerp: 1. Studie-, organisatie- en raadgevend bureau inzake financiële, handels-, automatiserings-, fiscale of sociale aangelegenheden met inbegrip van personeelsbeleid. 2. Organiseren van voordrachten, seminaries, cursussen. 3. Commercialiseren en implementeren van potentiële technologieën... 4. Management leasing... 5. Het mandaat van bestuurder in andere vennootschappen uitoefenen. 6. Het verwerven en beheer van onroerende goederen...
Structure & network
Acquisitions and mergers
1 transactionTook over:TARGIT BENELUX
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,610 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.