TAVARES
ActiveTAVARES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74.09M and a net result of €39k. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
73
/ 100
Healthy▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency78▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.07 in 2024), and 42.8% 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+raises risk○neutral
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
57.2%
Return on assets
0%
Age of the figures
8 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
20 d early
2023
16 d early
2022
34 d early
2021
38 d early
2020
43 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39k▼ 99.9%
2024 · €58.24M
2018: €-7k
2019: €-7k
2020: €-10k
2021: €-18k
2022: €-26k
2023: €-20k
2024: €58.24M
2018 → 2025
Working capital
€5.23M▲ 28.7%
2024 · €4.06M
2018: €-101k
2019: €-108k
2020: €-117k
2021: €-135k
2022: €-161k
2023: €-181k
2024: €4.06M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69.85M-€69.83M=€69.81M=€74.05M▲ 6.1%€74.09M▲ 0.1%
Operating result€-17k-€-26k▼ 50.1%€-19k▲ 27.0%€-10k▲ 47.3%€-20k▼ 104%
Net result€-18k-€-26k▼ 47.2%€-20k▲ 23.8%€58.24M€39k▼ 99.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €10k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129.47M
Fixed assets
€69.99M=
Current assets
€59.48M▲ 2.0%
Equity and liabilities €129.47M
Equity
€74.09M▲ 0.1%
Debt
€55.38M▲ 2.1%
The debt ratio rises from 42.3% to 42.8%: debt grows faster than equity.
Key figures and ratios
Solvency
57.2%▼
2024 · 57.7%
Current ratio
1.10▲
2024 · 1.07
Quick ratio
1.10▲
2024 · 1.07
Debt / equity
0.75▲
2024 · 0.73
ROE
0.1%▼
2024 · 78.7%
ROA
0.0%▼
2024 · 45.4%
Debt
€55.38M▲
2024 · €54.24M
Debt ≤ 1 year
€54.26M=
2024 · €54.24M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€128.29M€129.47M▲
Fixed assets21/28€69.99M€69.99M=
Financial fixed assets28€69.99M€69.99M=
Affiliated companies280/1€69.99M€69.99M=
Participating interests280€69.99M€69.99M=
Current assets29/58€58.30M€59.48M▲
Amounts receivable within one year40/41€58.25M€59.44M▲
Other amounts receivable41€58.25M€59.44M▲
Cash at bank and in hand54/58€47k€46k▼
Equity and liabilities
Total equity and liabilities10/49€128.29M€129.47M▲
Equity10/15€74.05M€74.09M▲
Contributions10/11€73.96M€73.96M=
Profit (loss) carried forward14€93k€131k▲
Amounts payable17/49€54.24M€55.38M▲
Amounts payable within one year42/48€54.24M€54.26M=
Trade debts44€10k€10k▲
Suppliers440/4€10k€10k▲
Other amounts payable47/48€54.23M€54.25M=
Accrued charges and deferred income492/3-€1.13M
Income statement
Code20242025
Operating charges60/66A€10k€20k▲
Services and other goods61€9k€18k▲
Other operating charges640/8€1k€2k▲
Operating profit (loss)9901€-10k€-20k▼
Financial income75/76B€58.25M€1.19M▼
Recurring financial income75€58.25M€1.19M▼
Income from financial fixed assets750€58.10M-
Income from current assets751€149k€1.19M▲
Financial charges65/66B€682€1.13M▲
Recurring financial charges65€682€1.13M▲
Debt charges650€682€1.13M▲
Profit (loss) for the period before taxes9903€58.24M€39k▼
Profit (loss) for the period9904€58.24M€39k▼
Profit (loss) for the period to be appropriated9905€58.24M€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54.09M€131k▼
Profit (loss) brought forward from the previous period14P€-4.15M€93k▲
Profit to be distributed694/7€54.00M€0▼
Return on contributions (dividend)694€54.00M€0▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor resignation · Auditor appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor resignation · Auditor appointment4 facts ▸
- General meeting, 2026-06-03
- Auditor resignation, BDO Bedrijfsrevisoren BV
- Auditor appointment, KPMG Bedrijfsrevisoren BV/SRL
- Permanent representative, Mike Boonen
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
03-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Board composition4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Board composition4 facts ▸
- General meeting, 2026-02-13
- Director appointment, Jean-Philippe Noblet (bestuurder)
- Board composition, bestuurder, 2026-02-13
- Board composition, bestuurder, 2026-02-13
2025
26-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation2 facts ▸
- General meeting, 2025-10-24
- Director resignation, Hjalmar Van Raemdonck (bestuurder)
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €58.24M
Net result €58.24M after 6 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.07
Current ratio from 0.21 to 1.07.
29-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 2024-07-15
- Director resignation, Natalia Noblet (bestuurder)
- Director appointment, Hjalmar Van Raemdonck (bestuurder)
- Board composition, bestuurder, 2024-08-01
- Board composition, bestuurder, 2024-08-01
16-07
State Gazette act
Resignations & appointmentsAuditor resignation · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
Auditor resignation · Auditor appointment · Permanent representative3 facts ▸
- Auditor resignation, EY REVISEURS D'ENTREPRISES SRL (commissaris)
- Auditor appointment, BDO Bedrijfsrevisoren BV (commissaris)
- Permanent representative, Evy Borry
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
29-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 2024-03-18
- Director resignation, Nicolas Jerome (bestuurder)
- Director appointment, Natalia Noblet (bestuurder)
- Board composition, bestuurder, 2024-04-01
- Board composition, bestuurder, 2024-04-01
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
22-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Board composition4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Board composition4 facts ▸
- General meeting, 2022-09-30
- Director appointment, Gauthier Cachbach (bestuurder)
- Board composition, bestuurder, 2022-10-01
- Board composition, bestuurder, 2022-10-01
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-07
State Gazette act
Statutes amendment · Legal-form change · MiscellaneousGeneral meeting · Statutes amendment · Reserve release9 facts ▸
State Gazette act
Statutes amendment · Legal-form change · Miscellaneous
General meeting · Statutes amendment · Reserve release9 facts ▸
- General meeting, 2021-07-15
- Statutes amendment
- Reserve release, Statutair onbeschikbare eigen vermogensrekening opgeheven en middelen beschikbaar gemaakt voor uitkering
- Statutes amendment
- Statutes amendment
- Corporate purpose, Alle verrichtingen voor eigen rekening of voor rekening van derden... die rechtstreeks of onrechtstreeks verband houden met: - het huren en verhuren... van alle…
- Capital
- Director reappointment, TAVARES (bestuurder)
- Registered-office confirmation, 1170 Watermaal-Bosvoorde, Terhulpsesteenweg 166
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-12
State Gazette act
Legal-form change · Resignations & appointmentsGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
Legal-form change · Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2020-06-03
- Auditor reappointment, 3 boekjaren
23-12
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
- General meeting, 03/12/2020
- Director resignation, Lisa Brown (bestuurder)
- Director appointment, Nicolas Jérôme (bestuurder)
- Board composition, bestuurder, 01/09/2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
27-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 180 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
03-07
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2017-06-07
- Auditor reappointment, commissaris, 3 boekjaren
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
09-12
State Gazette act
Resignations & appointmentsPermanent representative · Power of attorney2 facts ▸
State Gazette act
Resignations & appointments
Permanent representative · Power of attorney2 facts ▸
- Permanent representative, Wim Van Gasse
- Power of attorney, Corpoconsult BVBA
29-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
- General meeting, 2015-06-08
- Director resignation, Vincent PICKERING (zaakvoerder)
- Director resignation, Jef VAN OSTA (zaakvoerder)
- Director appointment, Lisa BROWN (zaakvoerder)
07-05
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2015-04-22
- Registered-office move, Terhulpsesteenweg 166, 1170 Brussel
2014
30-07
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointmentsGeneral meeting · Legal-form conversion · Capital8 facts ▸
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointments
General meeting · Legal-form conversion · Capital8 facts ▸
- General meeting, 2014-06-27
- Legal-form conversion, naamloze vennootschap naar besloten vennootschap met beperkte aansprakelijkheid
- Capital, €73.955.954
- Corporate purpose, Alle verrichtingen voor eigen rekening of voor rekening van derden, onder welke benaming ook, industriële, commerciële, financiële, roerende en onroerende, zowe…
- Director resignation, Jozef Louis VAN OSTA (bestuurder)
- Director resignation, Vincent Roland PICKERING (bestuurder)
- Director appointment, Jozef Louis VAN OSTA (zaakvoerder)
- Director appointment, Vincent Roland PICKERING (zaakvoerder)
18-06
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 2014-06-04
- Auditor appointment, Ernst & Young bedrijfsrevisoren Bcvba (commissaris)
- Permanent representative, Piet Hemschoote
30-04
State Gazette act
Capital & shares · Statutes amendmentGeneral meeting · Registered-office move · Statutes amendment7 facts ▸
State Gazette act
Capital & shares · Statutes amendment
General meeting · Registered-office move · Statutes amendment7 facts ▸
- General meeting, 2014-04-08
- Registered-office move, Oudergem (1160 Brussel), Waversesteenweg 1789
- Statutes amendment
- Capital, €25.693.500
- Capital increase, €48.262.454
- Share issue, 48262454, 25.693.501 tot 73.955.954
- Power of attorney
06-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment11 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment11 facts ▸
- General meeting, 2014-02-12
- Director resignation, Cassel BVBA (bestuurder)
- Director resignation, H&H Capital Management BVBA (bestuurder)
- Director resignation, Ludwig Lemenu (bestuurder)
- Director resignation, Cassel BVBA (dagelijks bestuurder)
- Director appointment, Jef van Osta (bestuurder)
- Director appointment, Vincent Pickering (bestuurder)
- Mandate compensation, Jef van Osta
- Mandate compensation, Vincent Pickering
- Permanent representative, Walter Mastelinck
- Permanent representative, Herman Wielfaert
06-03
State Gazette act
Registered office · Resignations & appointmentsBoard meeting · Registered-office move · Power of attorney5 facts ▸
State Gazette act
Registered office · Resignations & appointments
Board meeting · Registered-office move · Power of attorney5 facts ▸
- Board meeting, 2014-02-18
- Registered-office move, Waversesteenweg 1789, 1160 Oudergem, België
- Power of attorney, Inge Stiers
- Power of attorney, Susana Gonzalez Melon
- Power of attorney, Allen & Overy LLP
2012
14-11
State Gazette act
Capital & sharesGeneral meeting · Capital increase · Share issue9 facts ▸
State Gazette act
Capital & shares
General meeting · Capital increase · Share issue9 facts ▸
- General meeting, 2012-10-10
- Capital increase, €25.632.000
- Share issue, Klasse A, 6064358
- Share issue, Klasse B, 8472697
- Share issue, Klasse C, 7094945
- Share issue, Klasse D, 4000000
- Capital, €25.693.500
- Statutes amendment
- Preemptive rights waiver, De aandeelhouders doen hierbij afstand van hun voorkeurrecht
04-07
State Gazette act
Statutes amendmentGeneral meeting · Statutes amendment5 facts ▸
State Gazette act
Statutes amendment
General meeting · Statutes amendment5 facts ▸
- General meeting, 2012-06-13
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
30-05
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment · Permanent representative3 facts ▸
- Board meeting, 2012-04-12
- Director appointment, Cassel BVBA (dagelijks bestuurder)
- Permanent representative, Walter Mastelinck
10-05
State Gazette act
Capital & sharesGeneral meeting1 fact ▸
State Gazette act
Capital & shares
General meeting1 fact ▸
- General meeting, 2012-04-18
26-04
State Gazette act
IncorporationIncorporation · Founding capital · Corporate purpose10 facts ▸
State Gazette act
Incorporation
Incorporation · Founding capital · Corporate purpose10 facts ▸
- Incorporation, 12/04/2012
- Founding capital, €61.500
- Corporate purpose, Alle verrichtingen, voor eigen rekening of voor rekening van derden, onder welke benaming ook, industriële, commerciële, financiële, roerende en onroerende, zow…
- First fiscal year, 01/07/2012 - 31/12/2013
- Director appointment, Cassel BVBA (Klasse A Bestuurder)
- Permanent representative, Walter Mastelinck
- Director appointment, H&H Capital Management BVBA (Klasse B Bestuurder)
- Permanent representative, Herman Wielfaert
- Director appointment, Lemenu Ludwig Gerard Corneel (Klasse C Bestuurder)
- Accounting effect, 01/07/2013
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 directors, no change since 2026
Jean-Philippe Noblet
CurrentDirector · since 13-02-2026
Gauthier Cachbach
CurrentDirector · since 01-10-2022
Cassel
Not recently confirmedKlasse a bestuurder · since 12-04-2012 · Private limited company · perm. rep.: Walter Mastelinck
CREALOAN
Not recently confirmedKlasse b bestuurder · since 12-04-2012 · Private limited company · perm. rep.: Herman Wielfaert
Lemenu Ludwig Gerard Corneel
Not recently confirmedKlasse c bestuurder · since 12-04-2012
13-02-2026
Jean-Philippe Noblet: Appointed as Director
24-10-2025
Hjalmar Van Raemdonck: Resigned as Director
31-07-2024
Natalia Noblet: Resigned as Director
31-03-2024
Nicolas Jerome: Resigned as Director
01-10-2022
Gauthier Cachbach: Appointed as Director
31-08-2020
Lisa Brown: Resigned as Director
08-06-2015
Jef VAN OSTA: Resigned as Manager
27-06-2014
Jozef Van Osta: Resigned as Director
27-06-2014
Vincent Pickering: Resigned as Director
12-02-2014
Cassel BVBA: Resigned as Daily management
16-05-2012
Cassel BVBA: Appointed as Dagelijks bestuurder
12-04-2012
Cassel: Appointed as Klasse a bestuurder
12-04-2012
CREALOAN: Appointed as Klasse b bestuurder
12-04-2012
Lemenu Ludwig Gerard Corneel: Appointed as Klasse c bestuurder
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2012
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.
Terhulpsesteenweg 1661170 Watermaal-BosvoordeGround area
3.2 ha
Building footprint
7,322 m²
Volume, LiDAR
125,390 m³
Parcel 21652E0030/00D002, Brussels · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
TAVARES
since 20122.210.222.501
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0030/00D002 | Brussels | 3.2 ha | 1 · 7,322 m² | 21.0 m · 6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
6 auditors| KPMG Réviseurs d'EntreprisesCurrent Auditor · represented by Mike Boonen | 03-06-2026 → present |
Show 5 earlier auditors
| CORPOCONSULT Statutory auditor · represented by Piet Hemschoote | - → 04-09-2015 |
| Ernst & Young Bedrijfsrevisoren BCBVA Statutory auditor succeeded by Ernst & Young Bedrijfsrevisoren CV in 2020 | 07-06-2017 → 03-06-2020 |
| Ernst & Young Bedrijfsrevisoren BCVBA Statutory auditor · represented by Piet Hemschoote succeeded by Ernst & Young Bedrijfsrevisoren BCBVA in 2017 | 01-03-2014 → 07-06-2017 |
| Ernst & Young Bedrijfsrevisoren CV Auditor succeeded by KPMG Réviseurs d'Entreprises in 2026 | 03-06-2020 → 03-06-2026 |
| Ernst et Young Reviseurs d'Entreprises Statutory auditor · represented by VAN GASSE Wim | - → 16-07-2024 |
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared corporate director
→
Shared address
→
Capital and shareholders
Capital increase of 48,262,454 EUR
Capital increase of 25,632,000 EUR
Founding capital 61,500 EUR · 61,500 shares
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-04-2012
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.