TAVAR
ActiveSummary
TAVAR has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €476,708 and a net result of €42,357. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 93% of 1917 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 5.71 against 4.74 in 2024; short-term debt: 8.8% and cash: 27.7% of total assets), and 9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
91%
Return on assets
8.1%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
2 d early
2023
1 d early
2022
4 d early
2021
7 d early
2020
on the day
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€476,708▼ 0.6%
2024 · €479,403
Total assets
€524,106▼ 0.5%
2024 · €526,730
Net result
€42,357▼ 70.7%
2024 · €144,445
Working capital
€217,828▲ 33.9%
2024 · €162,699
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€112,750▲ 108%€53,958▼ 52.1%€51,667▼ 4.2%€219,005▲ 324%€65,472▼ 70.1%
Net result€80,824above the sector's middle half▲ 97.4%€36,538above the sector's middle half▼ 54.8%€32,425above the sector's middle half▼ 11.3%€144,445above the sector's middle half▲ 345%€42,357above the sector's middle half▼ 70.7%
Equity€332,078above the sector's middle half▲ 32.2%€368,616above the sector's middle half▲ 11.0%€346,675above the sector's middle half▼ 6.0%€479,403above the sector's middle half▲ 38.3%€476,708above the sector's middle half▼ 0.6%
Total assets€626,108above the sector's middle half▲ 11.3%€620,557above the sector's middle half▼ 0.9%€614,527above the sector's middle half▼ 1.0%€526,730above the sector's middle half▼ 14.3%€524,106above the sector's middle half▼ 0.5%
Debt€294,030▼ 5.6%€251,941▼ 14.3%€267,852▲ 6.3%€47,327▼ 82.3%€47,398▲ 0.2%
Working capital€20,592within the sector's middle half=€74,555within the sector's middle half▲ 262%€63,850within the sector's middle half▼ 14.4%€162,699above the sector's middle half▲ 155%€217,828above the sector's middle half▲ 33.9%
Solvency53.0%within the sector's middle half▲ 8.4pp59.4%within the sector's middle half▲ 6.4pp56.4%within the sector's middle half▼ 3.0pp91.0%above the sector's middle half▲ 34.6pp91.0%above the sector's middle half▼ 0.1pp
Current ratio1.13within the sector's middle half▼ 0.011.53within the sector's middle half▲ 0.401.34within the sector's middle half▼ 0.194.74above the sector's middle half▲ 3.405.71above the sector's middle half▲ 0.97
Return on assets (ROA)12.9%within the sector's middle half▲ 5.6pp5.9%within the sector's middle half▼ 7.0pp5.3%within the sector's middle half▼ 0.6pp27.4%above the sector's middle half▲ 22.1pp8.1%within the sector's middle half▼ 19.3pp
Staff (FTE)11=1=0.7▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €524,106
Fixed assets
€260,015 ▼ 18.9%
Current assets
€264,091 ▲ 28.1%
Equity and liabilities €524,106
Equity
€476,708 ▼ 0.6%
Debt
€47,398 ▲ 0.2%
Debt's share of the balance-sheet total rises from 9.0% to 9.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101,024▼
2024 · €273,445
Cash flow
€77,910▼
2024 · €198,885
Quick ratio
5.23▲
2024 · 3.96
Debt to equity
0.10▲
2024 · 0.10
ROE
8.9%▼
2024 · 30.1%
Interest coverage
37.42▼
2024 · 40.49
Debt ≤ 1 year
€46,263▲
2024 · €43,492
Income taxes
€20,730▼
2024 · €69,323
Staff costs
€25,702▼
2024 · €44,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €30,318 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €18,570 | €22,098 | €44,063 | €25,702 | ▼ 41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,473 | €60,744 | €60,329 | €54,440 | €35,552 | ▼ 34.7% |
| Other operating charges640/8 | - | €3,390 | €2,949 | €3,328 | €2,917 | ▼ 12.4% |
| Non-recurring operating charges66A | - | - | - | €352 | - | - |
| Gross operating margin9900 | €192,427 | €136,663 | €137,043 | €321,189 | €129,643 | ▼ 59.6% |
| Operating profit (loss)9901 | €112,750 | €53,958 | €51,667 | €219,005 | €65,472 | ▼ 70.1% |
| Financial income75/76B | - | €1,184 | €653 | €1,517 | €316 | ▼ 79.2% |
| Recurring financial income75 | €663 | €1,184 | €653 | €1,517 | €316 | ▼ 79.2% |
| Financial charges65/66B | - | €4,785 | €6,684 | €6,753 | €2,700 | ▼ 60.0% |
| Recurring financial charges65 | €4,956 | €4,785 | €6,684 | €6,753 | €2,700 | ▼ 60.0% |
| Profit (loss) for the period before taxes9903 | €108,457 | €50,357 | €45,636 | €213,769 | €63,088 | ▼ 70.5% |
| Income taxes67/77 | €27,633 | €13,819 | €13,211 | €69,323 | €20,730 | ▼ 70.1% |
| Profit (loss) for the period9904 | €80,824 | €36,538 | €32,425 | €144,445 | €42,357 | ▼ 70.7% |
| Profit (loss) for the period to be appropriated9905 | €80,824 | €36,538 | €32,425 | €144,445 | €42,357 | ▼ 70.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €626,108 | €620,557 | €614,527 | €526,730 | €524,106 | ▼ 0.5% |
| Fixed assets21/28 | €448,899 | €404,854 | €364,561 | €320,539 | €260,015 | ▼ 18.9% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €448,899 | €404,854 | €364,561 | €320,539 | €260,015 | ▼ 18.9% |
| Land and buildings22 | - | €242,025 | €224,603 | €209,274 | €194,528 | ▼ 7.0% |
| Plant, machinery and equipment23 | - | €78,110 | €67,546 | €53,978 | €41,533 | ▼ 23.1% |
| Furniture and vehicles24 | - | €84,720 | €72,412 | €57,287 | €23,954 | ▼ 58.2% |
| Current assets29/58 | €177,209 | €215,703 | €249,966 | €206,191 | €264,091 | ▲ 28.1% |
| Stocks and contracts in progress3 | €51,079 | €45,763 | €33,465 | €34,104 | €22,035 | ▼ 35.4% |
| Stocks30/36 | - | €45,763 | €33,465 | €34,104 | €22,035 | ▼ 35.4% |
| Amounts receivable within one year40/41 | €81,821 | €121,133 | €129,909 | €114,524 | €92,513 | ▼ 19.2% |
| Trade receivables40 | - | €121,127 | €124,672 | €110,916 | €83,123 | ▼ 25.1% |
| Other amounts receivable41 | - | €6 | €5,237 | €3,607 | €9,391 | ▲ 160% |
| Cash at bank and in hand54/58 | €39,517 | €42,869 | €81,083 | €49,364 | €145,238 | ▲ 194% |
| Deferred charges and accrued income490/1 | - | €5,937 | €5,509 | €8,200 | €4,305 | ▼ 47.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €626,108 | €620,557 | €614,527 | €526,730 | €524,106 | ▼ 0.5% |
| Equity10/15 | €332,078 | €368,616 | €346,675 | €479,403 | €476,708 | ▼ 0.6% |
| Contributions10/11 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €313,328 | €349,866 | €327,925 | €460,653 | €457,958 | ▼ 0.6% |
| Non-distributable reserves130/1 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Distributable reserves133 | - | €347,991 | €326,050 | €458,778 | €456,083 | ▼ 0.6% |
| Amounts payable17/49 | €294,030 | €251,941 | €267,852 | €47,327 | €47,398 | ▲ 0.2% |
| Amounts payable after more than one year17 | €133,594 | €105,469 | €77,344 | - | - | - |
| Financial debts170/4 | - | €105,469 | €77,344 | - | - | - |
| Amounts payable within one year42/48 | €156,617 | €141,147 | €186,116 | €43,492 | €46,263 | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | - | €28,125 | €30,469 | - | - | - |
| Trade debts44 | €15,820 | €35,449 | €22,524 | €21,531 | €16,974 | ▼ 21.2% |
| Suppliers440/4 | - | €35,449 | €22,524 | €21,531 | €16,974 | ▼ 21.2% |
| Advances received on contracts in progress46 | - | €6,000 | €6,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €27,147 | €26,041 | €10,194 | €7,019 | ▼ 31.1% |
| Taxes450/3 | - | €11,355 | €10,340 | €6,282 | €3,370 | ▼ 46.4% |
| Remuneration and social security454/9 | - | €15,792 | €15,702 | €3,913 | €3,650 | ▼ 6.7% |
| Other amounts payable47/48 | - | €44,426 | €101,082 | €11,766 | €22,269 | ▲ 89.3% |
| Accrued charges and deferred income492/3 | - | €5,325 | €4,393 | €3,835 | €1,136 | ▼ 70.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,824 | €36,538 | €32,425 | €144,445 | €42,357 | ▼ 70.7% |
| + Depreciation and write-downs630 | €59,473 | €60,744 | €60,329 | €54,440 | €35,552 | ▼ 34.7% |
| Operating cash flow (approximation) | €140,296 | €97,282 | €92,754 | €198,885 | €77,910 | ▼ 60.8% |
| Investment in fixed assets (approximation) | - | -€16,700 | -€20,035 | -€10,418 | €24,971 | ▲ 340% |
| Change in cash | - | €3,352 | €38,213 | -€31,719 | €95,874 | ▲ 402% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €144,445 ▲345%
Operating result €219,005, net result €144,445, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 4.74
Current ratio from 1.34 to 4.74; short-term debt falls from €186,116 to €43,492.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €32,425 ▼11.3%
Net result drops to €32,425, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Ardooie · 1 establishment unit since 2004
Ground area
1,390 m²
Building footprint
469 m²
Volume, LiDAR
1,780 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TAVAR
since 20042.139.453.378
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0360/00M000 | Flanders | 1,075 m² | 1 · 342 m² | 8.4 m · 1 fl. |
| 37005C0589/00Y005 | Flanders | 316 m² | 1 · 127 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 1,571 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-2004
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867383502
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.