TAS Development

Active

Private limited companyfounded 20206 yrs activeDesmedtstraat 26, 2322 Hoogstraten, BelgiumKBO/BCE: BE 0746.481.514

TAS Development has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €-178k. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

22 / 100

Critical▼ -24 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-2

Solvency42▲+3

Growth32=

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 2.71 against 1.79 in 2024), but 86.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

23 d early

2024

23 d early

2023

22 d early

2022

31 d late

2021

30 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€164k▼ 51.9%

2024 · €342k

2021: €344k 2022: €428k 2023: €341k 2024: €342k

2021 → 2025

Total assets

€1.24M▼ 46.1%

2024 · €2.31M

2021: €1.51M 2022: €2.57M 2023: €3.16M 2024: €2.31M

2021 → 2025

Net result

€-178k

2024 · €1k

2021: €321k 2022: €84k 2023: €-87k 2024: €1k

2021 → 2025

Working capital

€704k▼ 17.0%

2024 · €847k

2021: €360k 2022: €1.22M 2023: €1.17M 2024: €847k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€344k-€428k▲ 24.5%€341k▼ 20.4%€342k▲ 0.3%€164k▼ 51.9%

Operating result€451k-€145k▼ 67.8%€-7k€130k€-95k

Net result€321k-€84k▼ 73.8%€-87k€1k€-178k

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 2025: a loss of €95k after €130k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.24M

10%

89.8%

Fixed assets €127k▼ 67.1%

Current assets €1.12M▼ 41.9%

Equity and liabilities €1.24M

13.2%

86.8%

Equity €164k▼ 51.9%

Debt €1.08M▼ 45.1%

The debt ratio rises from 85.2% to 86.8%: equity shrinks faster than debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-83k▼

2024 · €148k

Cash flow

€-166k▼

2024 · €20k

Solvency

13.2%▼

2024 · 14.8%

Current ratio

2.71▲

2024 · 1.79

Quick ratio

0.46▲

2024 · 0.30

Debt / equity

6.56▲

2024 · 5.74

ROE

-108.0%▼

2024 · 0.3%

ROA

-14.3%▼

2024 · 0.0%

Interest coverage

-1.00▼

2024 · 1.15

Debt

€1.08M▼

2024 · €1.96M

Debt ≤ 1 year

€412k▼

2024 · €1.07M

Debt > 1 year

€640k▼

2024 · €893k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€2.31M€1.24M▼

Fixed assets21/28€387k€127k▼

Tangible fixed assets22/27€387k€127k▼

Land and buildings22€269k€19k▼

Furniture and vehicles24€42k€34k▼

Other tangible fixed assets26€77k€74k▼

Current assets29/58€1.92M€1.12M▼

Stocks and contracts in progress3€1.59M€924k▼

Stocks30/36€1.59M€924k▼

Amounts receivable within one year40/41€61k€119k▲

Trade receivables40€10k€74k▲

Other amounts receivable41€52k€45k▼

Cash at bank and in hand54/58€265k€72k▼

Deferred charges and accrued income490/1€79€464▲

Equity and liabilities

Total equity and liabilities10/49€2.31M€1.24M▼

Equity10/15€342k€164k▼

Contributions10/11€23k€23k=

Profit (loss) carried forward14€319k€142k▼

Amounts payable17/49€1.96M€1.08M▼

Amounts payable after more than one year17€893k€640k▼

Financial debts170/4€893k€640k▼

Amounts payable within one year42/48€1.07M€412k▼

Current portion of amounts payable after more than one year42€18k€12k▼

Financial debts43€744k€178k▼

Credit institutions430/8€744k€178k▼

Trade debts44€101k€34k▼

Suppliers440/4€101k€34k▼

Taxes, remuneration and social security45€0-

Taxes450/3€0-

Other amounts payable47/48€208k€188k▼

Accrued charges and deferred income492/3€0€26k▲

Income statement Code20242025

Non-recurring operating income76A-€17k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€11k▼

Other operating charges640/8€4k€4k▲

Gross operating margin9900€152k€-80k▼

Operating profit (loss)9901€130k€-95k▼

Financial income75/76B€100€611▲

Recurring financial income75€100€611▲

Financial charges65/66B€129k€84k▼

Recurring financial charges65€129k€84k▼

Profit (loss) for the period before taxes9903€1k€-178k▼

Profit (loss) for the period9904€1k€-178k▼

Profit (loss) for the period to be appropriated9905€1k€-178k▼

Appropriation of the result

Profit (loss) to be appropriated9906€319k€142k▼

Profit (loss) brought forward from the previous period14P€318k€319k▲

Social balance

Average headcount (FTE)9087-0.0

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-178k ▼15680%

Net result drops to €-178k, the lowest in the series.

08-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Hoogstraten · 1 establishment unit since 2020

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.

Desmedtstraat 262322 Hoogstraten

Ground area

1,423 m²

Building footprint

295 m²

Volume, LiDAR

1,098 m³

Parcel 13024B0322/00W000, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

TAS Development

Desmedtstraat 26, 2322 HoogstratenReal estate development

since 20202.302.481.080

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13024B0322/00W000	Flanders	1,423 m²	1 · 295 m²	10.0 m · 1 fl.

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.

Similar companies · same sector, comparable size

TRYBEL

BE 0877.216.827

Wezembeek-Oppem · Eq €164k

Of 7,288 companies in sector 68110 we hold annual accounts for 5,353. 3,823 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-04-2020

Fiscal year end31-12

Activities, NACEBEL

68110Buying and selling of own real estate

41003General construction of other non-residential buildings

64210Activities of holding companies

68201Renting and operating of own or leased residential real estate, excluding social housing

68204Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.