Equity
-€15,874
Debts exceed assets in financial year 2025.
TARTINOS
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €22,264 (2025)
€22,264▲ 41.9%
lowest -€15,494 (2020)
€12,295▲ 45.7%
peak €49,308 (2009)
-€15,874▲ €12,295
€41,948▼ 27.2%
Board1 name since 2021
1 directorLESAGE Heidi
Documentsfilings and deeds
02-06-202659 days before the deadline
2025micro format
Gross margin from €15,692 to €22,264Result from €8,437 to €12,295Equity from -€28,168 to -€15,874Debts from €57,637 to €41,948
Key points
from the 2025 annual accountsChecked score
56
Fair
Financially stronger than 57% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025highest value
05-2025: 0.7%▼ -0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.6%▼ -0.1 percentage points vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026lowest value
08-2026: 0.6%● unchanged vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€15,874
Sector: Food and beverage service activities (NACE 56)
lowers risk
Size: total assets €26,074
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 49% on liquidity, 93% on profitability and 79% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as TARTINOS has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TARTINOS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for TARTINOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.5 (0.36 in 2024), below 1. Short-term debt is 160.9% and cash 54.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 17111 sector peers (2025).
NBB · sector comparisonPosition among 17111 sector peers
Solvency
better than 13%
← weakest
strongest →
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 days early
2024
58 days early
2023
54 days early
2022
59 days early
2021
59 days early
2020
57 days early
2019
56 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 57 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: LESAGE Heidi (manager)
Reappointment: LESAGE Heidi (director) · “De verkoop aan de toog van eetwaren en dranken die ter plaatse verbruikt worden en in het algemeen in een…” (deed in Dutch) · 186 shares · General meeting of 12-12-2023 · Gazette deed
First establishment
Normaalschoolstraat 39, Ghent
Incorporation
published on 30-04-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TARTINOS Ghent | €26,074 | €22,264 | -60.9% | - |
| MATIZ. Ghent | €27,848 | €18,368 | 45.1% | - |
| HEMEL & AARDE Sint-Katelijne-Waver | €25,267 | €24,047 | -572.3% | - |
| OPAOMA Zaventem | €29,386 | €23,468 | -17.0% | - |
| STOFWIL Turnhout | €29,954 | €24,597 | 18.1% | - |
| IREM Antwerp | €23,786 | €25,007 | 14.8% | - |
| FIRAT FLEURS Verviers | €22,798 | €23,831 | -490.9% | - |
These companies have the same main activity as TARTINOS: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €22,800 and €30,000, founded between 1999 and 2005.
Official details
Source: KBO- Status
- Active since 16-04-2002Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.115.311.9599000 Ghent, since 20-08-2002
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €250,000estimated
- €26,074▼ 11.5%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on TARTINOS
TARTINOS files the micro format. That format states no turnover. The gross margin rose from €17,540 in 2006 to €22,264 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TARTINOS
- What is the company number of TARTINOS?
- The company number of TARTINOS is 0477.348.579. The VAT number is the same number with BE in front: BE 0477.348.579.
- Where is TARTINOS based?
- The registered office is at Normaalschoolstraat 39, 9000 Ghent.Company details
- What does TARTINOS do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of TARTINOS?
- TARTINOS is a private limited company (BV).
- When was TARTINOS founded?
- TARTINOS was founded on 16-04-2002.
- Is TARTINOS still active?
- Yes, TARTINOS is an active enterprise in the KBO register.
- What is the turnover of TARTINOS?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €22,264 and 133 comparable companies (NACE 56112). It probably lies between €160,000 and €420,000. It is a rough estimate.Financials
- Is TARTINOS profitable?
- In financial year 2025, TARTINOS made a profit of €12,295.
- Where can I find the annual accounts of TARTINOS?
- TARTINOS filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TARTINOS due?
- TARTINOS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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