TAURUS
ActiveSummary
TAURUS has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187,994 and a net result of -€24,195. Equity has been stable since 2018 (±1% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-08-1999 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.093.372.440 3790 Voeren, since 05-10-2001
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Laugs BoudewijnDirector
- Laugs EmmanuelDirector
- Holdings
- Shares in 1 company ECOPOWER
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- €46,084
- ▼ 48.8%
- Turnover
- ≈ €160,000
- estimated
- Loss
- €24,195
- Equity
- €187,994
- ▼ 11.4%
- Total assets
- €1.1m
- ▼ 6.4%
- 2025 accounts filed 24 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.05, cash €305, halvedLast filed accounts filed 24 days late; 2 of the last 3 accounts latelowers riskSize: total assets €1.1mLegal form: public limited companyShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 27% of them on solvency, 12% on liquidity, 24% on profitability and 23% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 23 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425004.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 26 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,080, after a profit of €35,584 in 2024. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €99,428 | €50,618 | €5,164 | €1,588 | - |
| Financial fixed assets | - | €500 | - | - | - |
| Depreciation and write-downs of the year | €35,104 | €35,289 | €46,124 | €46,136 | €45,676 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,175 | €29,175 | €32,905 | €35,104 | €35,289 | €46,124 | €46,136 | €45,676 | ▼ 1.0% |
| Other operating charges640/8 | - | - | - | €6,939 | €7,535 | €8,062 | €8,306 | €9,488 | ▲ 14.2% |
| Gross operating margin9900 | €32,925 | €39,805 | €9,967 | €67,327 | €81,188 | €116,484 | €90,026 | €46,084 | ▼ 48.8% |
| Operating profit (loss)9901 | -€3,642 | €4,594 | -€28,314 | €25,284 | €38,364 | €62,298 | €35,584 | -€9,080 | - |
| Financial income75/76B | - | - | - | €3,450 | €4,736 | €1,782 | €1,683 | €1,652 | ▼ 1.8% |
| Recurring financial income75 | €3,390 | €3,330 | €3,240 | €3,450 | €2,086 | €1,782 | €1,683 | €1,652 | ▼ 1.8% |
| Non-recurring financial income76B | - | - | - | - | €2,650 | - | - | - | - |
| Financial charges65/66B | - | - | - | €5,413 | €66,071 | €20,181 | €19,806 | €16,591 | ▼ 16.2% |
| Recurring financial charges65 | €1,283 | €733 | €3,425 | €5,413 | €66,071 | €20,181 | €19,806 | €16,591 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | -€1,535 | €7,191 | -€28,499 | €23,321 | -€22,971 | €43,899 | €17,461 | -€24,019 | - |
| Income taxes67/77 | - | €148 | €2,267 | €346 | €368 | €222 | €372 | €176 | ▼ 52.7% |
| Profit (loss) for the period9904 | -€1,535 | €7,043 | -€30,766 | €22,975 | -€23,339 | €43,677 | €17,089 | -€24,195 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,535 | €7,043 | -€30,766 | €22,975 | -€23,339 | €43,677 | €17,089 | -€24,195 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €1.1m | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 6.4% |
| Fixed assets21/28 | €0.5m | €0.5m | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.3% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.3% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 17.5% |
| Financial fixed assets28 | - | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.03m | €0.05m | €0.04m | €0.03m | €0.05m | €0.09m | €0.06m | €0.03m | ▼ 44.1% |
| Amounts receivable within one year40/41 | €0.005m | €0.01m | €0.02m | €0.01m | €0.04m | €0.06m | €0.05m | €0.03m | ▼ 31.0% |
| Trade receivables40 | - | - | - | €0.009m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.003m | €0.04m | €0.06m | €0.05m | €0.03m | ▼ 31.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.02m | €0.02m | €0.01m | €0.02m | €0.01m | €305 | ▼ 97.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €1.1m | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 6.4% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.4% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | - | - | - | - | - | - | €0.005m | €0.005m | = |
| Non-distributable reserves130/1 | - | - | - | - | - | - | €0.001m | €0.001m | = |
| Legal reserve130 | - | - | - | - | - | - | €0.001m | €0.001m | = |
| Distributable reserves133 | - | - | - | - | - | - | €0.004m | €0.004m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.02m | -€0.06m | -€0.03m | -€0.06m | -€0.01m | - | -€0.02m | - |
| Amounts payable17/49 | €0.4m | €0.4m | €1.0m | €1.0m | €1.1m | €1.0m | €0.9m | €0.9m | ▼ 5.2% |
| Amounts payable after more than one year17 | €0.02m | €0.02m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 0.1% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 0.1% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.7m | €0.7m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | - | - |
| Trade debts44 | €0.006m | €0.002m | €0.006m | €0.06m | €0.04m | €0.008m | €0.002m | €0.006m | ▲ 129% |
| Suppliers440/4 | - | - | - | €0.06m | €0.04m | €0.008m | €0.002m | €0.006m | ▲ 129% |
| Taxes, remuneration and social security45 | - | - | - | €0.003m | €0.003m | €0.007m | €0.001m | €0.002m | ▲ 195% |
| Taxes450/3 | - | - | - | €0.003m | €0.003m | €0.007m | €0.001m | €0.002m | ▲ 195% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 4.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,535 | €7,043 | -€30,766 | €22,975 | -€23,339 | €43,677 | €17,089 | -€24,195 | - |
| + Depreciation and write-downs630 | €29,175 | €29,175 | €32,905 | €35,104 | €35,289 | €46,124 | €46,136 | €45,676 | ▼ 1.0% |
| Operating cash flow (approximation) | €27,640 | €36,218 | €2,139 | €58,079 | €11,950 | €89,801 | €63,225 | €21,481 | ▼ 66.0% |
| Investment in fixed assets (approximation) | - | -€24,800 | -€574,201 | -€99,428 | -€51,118 | -€5,164 | -€1,588 | €0 | - |
| Change in cash | - | €11,731 | -€9,822 | -€7,093 | -€4,301 | €11,151 | -€11,992 | -€11,610 | ▲ 3.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,507 companies had the same profile as TAURUS has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TAURUS itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,507 companies, not a prediction for TAURUS. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00425004 | |
| 31-12-2024 | micro format | 30-10-2025 | 2025-00554745 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00491501 | |
| 31-12-2022 | abbreviated format | 24-08-2023 | 2023-00364091 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20256153 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42300421 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-21000308 | |
| 31-12-2018 | micro format | 13-02-2020 | 2020-05000121 | |
| 31-12-2017 | micro format | 13-02-2020 | 2020-05000231 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-64700470 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Laugs Boudewijn |
|
| Laugs Emmanuel |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2025Equity €66.1m Profit of €5.4m in 2025 (loss of €894,181 in 2024) Checked score 930.01%
Connections & network
2 current directorsThe network starts from the directors of TAURUS. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank