TAVANDO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 35 filings
Every figure per financial year
The operating result for 2025 is a loss of €5,727, larger than the loss of €2,310 in 2024.
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 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €4,228 | €7,364 | €14,923 | €8,262 | €8,856 | ▲ 7.2% |
| Gross operating margin9900 | €222 | €1,551 | €2,101 | €1,025 | €6,171 | €2,690 | €5,952 | €3,129 | ▼ 47.4% |
| Operating profit (loss)9901 | -€1,837 | -€795 | €1,485 | -€3,203 | -€1,192 | -€12,233 | -€2,310 | -€5,727 | ▼ 148% |
| Financial income75/76B | - | - | - | - | - | - | - | €40 | - |
| Recurring financial income75 | €456 | €770 | €0 | - | - | - | - | €40 | - |
| Financial charges65/66B | - | - | - | €143 | €89 | €39 | €17 | €52 | ▲ 213% |
| Recurring financial charges65 | €24 | €122 | €432 | €143 | €89 | €39 | €17 | €52 | ▲ 213% |
| Profit (loss) for the period before taxes9903 | -€1,405 | -€147 | €1,052 | -€3,347 | -€1,281 | -€12,272 | -€2,327 | -€5,739 | ▼ 147% |
| Profit (loss) for the period9904 | -€1,405 | -€147 | €1,052 | -€3,347 | -€1,281 | -€12,272 | -€2,327 | -€5,739 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | -€1,405 | -€147 | €1,052 | -€3,347 | -€1,281 | -€12,272 | -€2,327 | -€5,739 | ▼ 147% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €54,019 | €59,599 | €60,412 | €51,641 | €52,646 | €59,050 | €55,039 | €57,298 | ▲ 4.1% |
| Fixed assets21/28 | €47,070 | €47,071 | €47,071 | €47,071 | €47,071 | €47,071 | €47,071 | €47,071 | = |
| Tangible fixed assets22/27 | €47,070 | €47,071 | €47,071 | €47,071 | €47,071 | €47,071 | €47,071 | €47,071 | = |
| Land and buildings22 | - | - | - | €47,071 | €47,071 | €47,071 | €47,071 | €47,071 | = |
| Current assets29/58 | €6,949 | €12,528 | €13,342 | €4,570 | €5,576 | €11,979 | €7,969 | €10,227 | ▲ 28.3% |
| Amounts receivable within one year40/41 | €6,723 | €12,528 | €13,342 | €4,242 | €196 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €4,242 | €196 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €226 | - | - | €313 | €5,379 | €11,979 | €7,969 | €10,227 | ▲ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | €15 | €0 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €54,019 | €59,599 | €60,412 | €51,641 | €52,646 | €59,050 | €55,039 | €57,298 | ▲ 4.1% |
| Equity10/15 | €53,750 | €53,603 | €54,656 | €51,309 | €50,028 | €37,756 | €35,429 | €29,691 | ▼ 16.2% |
| Contributions10/11 | €62,000 | €62,000 | €0 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | - | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | - | - | - | - | €62,000 | - |
| Contributions outside capital11 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Other1109/19 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Reserves13 | €1,415 | €1,415 | €1,415 | €1,415 | €1,415 | €1,415 | €1,415 | €1,415 | = |
| Non-distributable reserves130/1 | - | - | - | €453 | €453 | €453 | €453 | €453 | = |
| Reserves not available under the articles1311 | - | - | - | €453 | €453 | €453 | €453 | €453 | = |
| Distributable reserves133 | - | - | - | €962 | €962 | €962 | €962 | €962 | = |
| Profit (loss) carried forward14 | -€9,665 | -€9,811 | -€8,759 | -€12,106 | -€13,387 | -€25,659 | -€27,985 | -€33,724 | ▼ 20.5% |
| Amounts payable17/49 | €269 | €5,996 | €5,756 | €332 | €2,618 | €21,293 | €19,610 | €27,607 | ▲ 40.8% |
| Amounts payable after more than one year17 | - | - | - | - | €2,310 | €3,771 | €3,771 | €3,771 | = |
| Other amounts payable178/9 | - | - | - | - | €2,310 | €3,771 | €3,771 | €3,771 | = |
| Amounts payable within one year42/48 | €269 | €5,996 | €5,756 | €332 | €308 | €17,522 | €15,839 | €23,836 | ▲ 50.5% |
| Trade debts44 | €269 | €2,021 | €1,531 | €332 | €308 | €0 | - | €128 | - |
| Suppliers440/4 | - | - | - | €332 | €308 | €0 | - | €128 | - |
| Other amounts payable47/48 | - | - | - | €0 | - | €17,522 | €15,839 | €23,708 | ▲ 49.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,405 | -€147 | €1,052 | -€3,347 | -€1,281 | -€12,272 | -€2,327 | -€5,739 | ▼ 147% |
| Operating cash flow (approximation) | -€1,405 | -€147 | €1,052 | -€3,347 | -€1,281 | -€12,272 | -€2,327 | -€5,739 | ▼ 147% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | - | €5,066 | €6,599 | -€4,010 | €2,258 | - |
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, 5,831 companies had the same profile as TAVANDO has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TAVANDO itself: 0.4% 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 5,831 companies, not a prediction for TAVANDO. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00220625 | |
| 31-12-2024 | micro format | 22-06-2025 | 2025-00161552 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00327411 | |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131665 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20217682 | |
| 31-12-2020 | micro format | 23-02-2022 | 2022-06200527 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-65300192 | |
| 31-12-2018 | micro format | 26-09-2019 | 2019-67100330 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56100288 | |
| 31-12-2016 | micro format | 04-03-2019 | 2019-06400198 |