TAVANI
ActiveTAVANI has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.25M and a net result of €1.46M. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 86% of 9713 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+38
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity short (current ratio 0.72 against 3.81 in 2023; short-term debt: 16.9% and cash: 3.6% of total assets), and 18.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.9%
Return on assets
28.1%
Age of the figures
20 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €4.25M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
12 d early
2021
33 d early
2020
11 d early
2019
73 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€4.25M▲ 18.5%
2023 · €3.58M
2018: €3.60M
2019: €3.62M
2020: €3.65M
2021: €3.81M
2022: €3.56M
2023: €3.58M
2018 → 2024
Total assets
€5.18M▲ 34.8%
2023 · €3.84M
2018: €4.66M
2019: €4.95M
2020: €4.76M
2021: €4.91M
2022: €4.13M
2023: €3.84M
2018 → 2024
Net result
€1.46M▲ 6,958%
2023 · €21k
2018: €105k
2019: €16k
2020: €33k
2021: €143k
2022: €5k
2023: €21k
2018 → 2024
Working capital
€-248k
2023 · €616k
2018: €274k
2019: €-107k
2020: €-48k
2021: €126k
2022: €7k
2023: €616k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.65M-€3.81M▲ 4.4%€3.56M▼ 6.4%€3.58M▲ 0.6%€4.25M▲ 18.5%
Operating result€15k-€-30k€-17k▲ 45.2%€2k€5k▲ 145%
Net result€33k-€143k▲ 337%€5k▼ 96.6%€21k▲ 330%€1.46M▲ 6,958%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 145% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.18M
Fixed assets
€4.55M▲ 51.4%
Current assets
€628k▼ 24.8%
Equity and liabilities €5.18M
Equity
€4.25M▲ 18.5%
Provisions
€35k▼ 8.1%
Debt
€902k▲ 307%
The debt ratio rises from 5.8% to 17.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▼
2023 · €45k
Cash flow
€1.49M▲
2023 · €63k
Solvency
81.9%▼
2023 · 93.3%
Current ratio
0.72▼
2023 · 3.81
Quick ratio
0.72▼
2023 · 3.81
Debt / equity
0.21▲
2023 · 0.06
ROE
34.3%▲
2023 · 0.6%
ROA
28.1%▲
2023 · 0.5%
Interest coverage
1.35▲
2023 · 0.42
Debt
€902k▲
2023 · €222k
Debt ≤ 1 year
€877k▲
2023 · €220k
Income taxes
€857▲
2023 · €360
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.84M€5.18M▲
Fixed assets21/28€3.01M€4.55M▲
Tangible fixed assets22/27€990k€963k▼
Land and buildings22€859k€832k▼
Furniture and vehicles24€27k€131k▲
Other tangible fixed assets26€104k-
Financial fixed assets28€2.02M€3.59M▲
Current assets29/58€836k€628k▼
Amounts receivable within one year40/41€325k€313k▼
Trade receivables40€138k€138k=
Other amounts receivable41€187k€175k▼
Current investments50/53-€126k
Cash at bank and in hand54/58€502k€188k▼
Deferred charges and accrued income490/1€9k€2k▼
Equity and liabilities
Total equity and liabilities10/49€3.84M€5.18M▲
Equity10/15€3.58M€4.25M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.52M€4.18M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€124k€115k▼
Distributable reserves133€3.39M€4.06M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€38k€35k▼
Deferred taxes168€38k€35k▼
Amounts payable17/49€222k€902k▲
Amounts payable within one year42/48€220k€877k▲
Financial debts43€63k€30k▼
Credit institutions430/8€63k€30k▼
Trade debts44€155k€157k▲
Suppliers440/4€155k€157k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€1k€690k▲
Accrued charges and deferred income492/3€2k€25k▲
Income statement
Code20232024
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€34k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€0▲
Other operating charges640/8€28k€11k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€66k€52k▼
Operating profit (loss)9901€2k€5k▲
Financial income75/76B€123k€1.48M▲
Recurring financial income75€123k€1.48M▲
Financial charges65/66B€107k€29k▼
Recurring financial charges65€107k€29k▼
Profit (loss) for the period before taxes9903€18k€1.45M▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€360€857▲
Profit (loss) for the period9904€21k€1.46M▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€30k€1.47M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.34M€1.47M▼
Profit (loss) brought forward from the previous period14P€2.31M€0▼
Transfer from equity791/2€0€795k▲
Transfer to equity691/2€2.34M€1.47M▼
To other reserves6921€2.34M€1.47M▼
Profit to be distributed694/7€0€795k▲
Return on contributions (dividend)694€0€795k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €1.46M ▲6958%
Net result €1.46M, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 3.81
Current ratio from 1.01 to 3.81; short-term debt falls from €526k to €220k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €5k ▼96.6%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 73 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Waregem · 1 establishment unit since 1982
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.
Vichtseweg 708790 WaregemGround area
5,447 m²
Building footprint
455 m²
Volume, LiDAR
2,501 m³
Parcel 34453F0245/00R000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vichtseweg 70, 8790 Waregem
since 19822.021.535.824
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0245/00R000 | Flanders | 5,447 m² | 1 · 455 m² | 10.1 m · 2 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.
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Of 12,014 companies in sector 68203 we hold annual accounts for 5,981. 2,857 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-11-1982
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.