TASTTOE TWO (0808.286.548): financials and annual accounts

TASTTOE TWO

Ghent ·KBO/BCE: BE 0808.286.548

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
Total assets`20/58`	130,006	118,262	100,237	94,564	100,753	109,259	122,040	126,628	103,961	138,225	94,201	100,280	105,735	94,501	109,693
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	244	488	732	975
Fixed assets`21/28`	-	-	316	777	1,372	2,844	2,838	4,107	-	3,148	4,103	5,394	8,402	12,225	14,474
Tangible fixed assets`22/27`	-	-	316	777	1,372	2,844	2,838	4,107	5,540	3,148	4,103	5,150	7,914	11,493	13,498
Plant, machinery and equipment`23`	-	-	210	492	845	1,388	883	1,156	1,527	1,251	1,794	1,540	1,740	2,378	2,888
Furniture and vehicles`24`	-	-	17	59	165	271	391	873	1,231	1,844	2,082	880	870	1,238	941
Other tangible fixed assets`26`	-	-	89	226	362	1,185	1,564	2,078	2,782	53	226	2,730	5,304	7,878	9,670
Current assets`29/58`	130,006	118,262	99,921	93,786	99,382	106,414	119,202	122,521	98,421	135,077	90,098	94,885	97,333	82,276	95,219
Stocks and contracts in progress`3`	65,930	68,751	64,379	60,438	64,624	62,835	68,201	72,643	70,958	86,433	54,190	57,647	40,341	44,176	55,432
Stocks`30/36`	65,930	68,751	64,379	60,438	64,624	62,835	68,201	72,643	70,958	86,433	54,190	57,647	40,341	44,176	55,432
Amounts receivable within one year`40/41`	56,933	39,190	29,149	25,161	22,221	28,465	47,916	44,581	25,278	45,772	33,492	32,049	48,554	35,125	27,485
Trade receivables`40`	23,795	22,765	22,894	21,059	20,025	23,035	35,397	29,363	11,708	34,223	12,168	14,201	12,187	6,607	6,232
Other amounts receivable`41`	33,138	16,424	6,255	4,102	2,196	5,431	12,519	15,219	13,570	11,549	21,324	17,847	36,368	28,518	21,253
Current investments`50/53`	-	-	-	-	-	-	1	501	550	375	375	375	375	375	375
Cash at bank and in hand`54/58`	5,613	7,919	6,393	6,727	11,823	13,604	2,779	4,792	1,479	2,495	2,038	4,064	8,062	2,240	11,927
Deferred charges and accrued income`490/1`	1,530	2,403	-	1,461	714	1,510	305	3	156	3	3	750	-	360	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	130,006	118,262	100,237	94,564	100,753	109,259	122,040	126,628	103,961	138,225	94,201	100,280	105,735	94,501	109,693
Equity`10/15`	-148,389	-152,748	-146,420	-138,343	-144,828	-145,924	-131,635	-118,983	-121,712	-130,377	-138,512	-142,186	-112,652	-87,694	-47,396
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	-	18,600	18,600	18,600	15,500	15,500	15,500
Capital`10`	18,600	18,600	18,600	18,600	-	-	-	-	18,600	-	-	-	-	-	-
Issued capital`100`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	3,100	3,100	3,100
Profit (loss) carried forward`14`	-166,989	-171,348	-165,020	-156,943	-163,428	-164,524	-150,235	-137,583	-140,312	-148,977	-157,112	-160,786	-128,152	-103,194	-62,896
Amounts payable`17/49`	278,395	271,009	246,658	232,907	245,581	255,183	253,675	245,611	225,673	268,602	232,712	242,466	218,386	182,195	157,089
Amounts payable after more than one year`17`	49,927	39,927	39,927	39,927	39,927	40,365	40,365	40,802	40,802	46,058	50,000	62,441	27,372	30,387	40,006
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	9,941	27,372	30,387	40,006
Other amounts payable`178/9`	49,927	39,927	39,927	39,927	39,927	40,365	40,365	40,802	40,802	46,058	50,000	52,500	-	-	-
Amounts payable within one year`42/48`	227,739	230,542	206,190	192,779	205,654	214,818	213,310	204,809	184,871	222,544	182,712	180,025	191,014	151,808	117,083
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	9,941	10,431	10,015	9,619	9,238
Financial debts`43`	10,055	-	-	-	-	-	-	3,220	16,220	25,760	32,900	35,000	35,000	35,000	35,000
Credit institutions`430/8`	10,055	-	-	-	-	-	-	-	-	-	-	-	35,000	35,000	35,000
Other loans`439`	-	-	-	-	-	-	-	3,220	16,220	25,760	32,900	35,000	-	-	-
Trade debts`44`	215,667	228,438	203,845	187,537	203,295	214,756	211,148	199,484	160,980	193,796	133,591	125,644	140,383	101,577	67,845
Suppliers`440/4`	215,667	228,438	203,845	187,537	203,295	214,756	211,148	199,484	160,980	193,796	133,591	125,644	140,383	101,577	67,845
Taxes, remuneration and social security`45`	189	2,104	2,345	2,824	-	8	10	-	7,261	1,761	2,880	-	567	612	-
Taxes`450/3`	189	189	-	-	-	8	-	-	7,261	1,761	-	-	567	612	-
Remuneration and social security`454/9`	-	1,916	2,345	2,824	-	-	10	-	-	-	2,880	-	-	-	-
Other amounts payable`47/48`	1,828	-	-	2,418	2,359	54	2,152	2,105	410	1,227	3,400	8,950	5,050	5,000	5,000
Accrued charges and deferred income`492/3`	729	540	540	201	-	-	-	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	64	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	7,164	6,691	324	10,323	6,095	-8,930	-9,207	391	13,110	12,075	12,303	-23,221	-18,386	-33,413	-53,032
Remuneration, social security and pensions`62`	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	316	461	594	1,473	1,574	1,996	2,097	1,999	1,463	4,980	4,242	3,995	3,961	3,718
Other operating charges`640/8`	441	6,144	3,519	1,580	1,012	965	574	668	679	731	488	552	324	479	1,249
Non-recurring operating charges`66A`	-	-	1,960	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	6,682	231	-5,617	8,149	3,611	-11,469	-11,777	-2,374	10,432	9,881	6,835	-28,015	-22,705	-37,853	-57,999
Financial income`75/76B`	3	1	0	155	-	516	901	7,404	-	0	0	1	-	-	3
Recurring financial income`75`	3	1	0	155	-	516	901	7,404	2	0	0	1	-	-	3
Financial charges`65/66B`	2,327	2,335	2,460	1,820	2,515	3,335	1,776	2,302	-	1,747	3,161	2,745	2,253	2,444	4,900
Recurring financial charges`65`	2,327	2,335	2,460	1,820	2,515	3,335	1,776	2,302	1,768	1,747	3,161	2,745	2,253	2,444	4,900
Profit (loss) for the period before taxes`9903`	4,358	-2,103	-8,077	6,485	1,096	-14,289	-12,652	2,728	8,666	8,134	3,675	-30,760	-24,958	-40,298	-62,896
Income taxes`67/77`	-	4,224	-	-	-	-	-	-	-	-	-	1,875	-	-	0
Profit (loss) for the period`9904`	4,358	-6,327	-8,077	6,485	1,096	-14,289	-12,652	2,728	8,666	8,134	3,675	-32,635	-24,958	-40,298	-62,896
Profit (loss) for the period to be appropriated`9905`	4,358	-6,327	-8,077	6,485	1,096	-14,289	-12,652	2,728	8,666	8,134	3,675	-32,635	-24,958	-40,298	-62,896
Appropriation of the result
Profit (loss) to be appropriated`9906`	-166,989	-171,348	-165,020	-156,943	-163,428	-164,524	-150,235	-137,583	-140,311	-148,977	-157,112	-160,786	-128,152	-103,194	-62,896
Profit (loss) brought forward from the previous period`14P`	-171,348	-165,020	-156,943	-163,428	-	-	-	-	-148,977	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
30-09-2024	abbreviated format	11-06-2026	2026-00157912	PDF
30-09-2023	abbreviated format	25-04-2024	2024-00070877	PDF
30-09-2022	abbreviated format	11-04-2023	2023-00056869	PDF
30-09-2021	abbreviated format	04-07-2022	2022-20139620	PDF
30-09-2020	abbreviated format	18-08-2021	2021-50700237	PDF
30-09-2019	abbreviated format	02-07-2020	2020-25600340	PDF
30-09-2018	abbreviated format	28-02-2019	2019-06200196	PDF
30-09-2017	abbreviated format	16-04-2018	2018-10000213	PDF
30-09-2016	abbreviated format	26-04-2017	2017-10600425	PDF
30-09-2015	abbreviated format	24-04-2016	2016-11000294	PDF
30-09-2014	abbreviated format	03-04-2015	2015-09700233	PDF
30-09-2013	abbreviated format	08-05-2014	2014-12100468	PDF
30-09-2012	abbreviated format	05-02-2013	2013-02800415	PDF
30-09-2011	abbreviated format	27-08-2012	2012-51700442	PDF
30-09-2010	abbreviated format	12-10-2011	2011-57900282	PDF

Year	Entries	Awarded	Paid
2025	1	€2,000	€2,000
2024	1	€2,000	€2,000
2022	1	€2,000	€2,000

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
EBITDA	-	547	-5,156	8,744	5,083	-9,895	-9,781	-277	12,431	11,344	11,815	-23,773	-18,710	-33,892	-54,280
Cash flow	-	-6,011	-7,616	7,079	2,569	-12,715	-10,656	4,826	10,665	9,597	8,655	-28,392	-20,963	-36,337	-59,178
Investment in fixed assets (approximation)	-	-0	0	0	0	1,580	727	665	4,391	508	3,689	1,235	172	1,712	16,873
Change in cash	-2,306	1,525	-334	-5,096	-1,781	10,825	-2,014	3,313	-1,016	457	-2,027	-3,998	5,822	-9,687	-
Working capital	-97,733	-112,280	-106,269	-98,993	-106,273	-108,403	-94,109	-82,288	-86,450	-87,467	-92,615	-85,139	-93,681	-69,532	-21,864
Solvency	-114.1%	-129.2%	-146.1%	-146.3%	-143.7%	-133.6%	-107.9%	-94.0%	-117.1%	-94.3%	-147.0%	-141.8%	-106.5%	-92.8%	-43.2%
Current ratio	0.57	0.51	0.48	0.49	0.48	0.50	0.56	0.60	0.53	0.61	0.49	0.53	0.51	0.54	0.81
Quick ratio	0.28	0.21	0.17	0.17	0.17	0.20	0.24	0.24	0.15	0.22	0.20	0.21	0.30	0.25	0.34
ROA	3.4%	-5.4%	-8.1%	6.9%	1.1%	-13.1%	-10.4%	2.2%	8.3%	5.9%	3.9%	-32.5%	-23.6%	-42.6%	-57.3%
Interest coverage	-	0.23	-2.10	4.80	-	-	-	-	7.03	-	-	-	-	-	-

TASTTOE TWO

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-114.1%

Current ratio0.57

Return on assets3.4%

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €6,000 awarded, €6,000 paid

Key figures and ratios

Insights on TASTTOE TWO

Next steps