Active BE 0786.355.145Private limited company

TG TOITURE

Louis De Rijckestraat 19 ·9300 Aalst, Belgium· 4 yrs active

Sector: Algemene bouw van residentiële gebouwen (41001)

Conclusion Checked

The computed 12-month bankruptcy probability of TG TOITURE is 2.4% (moderate). The 2024 annual accounts show equity of €31k and a net result of €9k. Equity is growing by ~53.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 3827 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€31k
Net result	€9k
Staff (FTE)	2
Better than sector	69%

Snowflake analysis 5 of 5 axes measured · computed by Checked

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 95

Profitability 50

Solvency 97

Growth 85

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.4% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

95 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~53.3%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	56.4%	39.4%	better than 69% of 3827 sector peers
Net result	€9k	€9k	better than 49% of 3824 sector peers
Equity	€31k	€29k	better than 52% of 3832 sector peers
Gross operating margin	€84k	€26k	better than 83% of 3822 sector peers
Staff costs	€67k	€16k	higher than 78% of 1125 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€511k

+1.4% 22-24

EBITDA

€17k

- 22-24

Net profit

€9k

-35.9% 22-24

Cash flow

€9k

- 22-24

Total assets

€54k

+40.0% 22-24

Equity

€31k

+41.7% 22-24

Working capital

€30k

+39.1% 22-24

Employees (FTE)

2

- 22-24

Staff costs

€67k

+10338.6% 22-24

Income taxes

€6k

+19.6% 22-24

Debt

€24k

+38.0% 22-24

Debt ≤ 1y

€24k

+38.0% 22-24

Current ratio

2.27

+0.5% 22-24

Quick ratio

2.27

+0.5% 22-24

Solvency

56.4%

+1.2% 22-24

Debt / equity

0.77

-2.6% 22-24

ROE

29.4%

-54.7% 22-24

ROA

16.6%

-54.2% 22-24

Net margin

1.8%

-36.8% 22-24

EBITDA margin

3.3%

- 22-24

Interest coverage

8.34

- 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€511k
EBITDA	€17k
Net profit	€9k
Cash flow	€9k
Staff costs	€67k
Income taxes	€6k
Dividends	-
Total assets	€54k
Equity	€31k
Debt	€24k
of which ≤ 1y	€24k
of which > 1y	-
Working capital	€30k
Employees (FTE)	2.0

Ratios (computed)

	2024
Current ratio	2.27
Quick ratio	2.27
Working capital ratio	55.4%
Solvency	56.4%
Debt / equity	0.77
Long-term debt ratio	-
Interest coverage	8.34
Gross margin	15.1%
Net margin	1.8%
ROA	16.6%
ROE	29.4%
EBITDA margin	3.3%
Days sales outstanding	26d
Days payable outstanding	11d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €548 · 1.0% Current assets €54k · 99.0%

Equity & liabilities

Equity €31k · 56.4% Debt €24k · 43.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€54k
Fixed assets	21/28	€548
Tangible fixed assets	22/27	€548
Current assets	29/58	€54k
Amounts receivable within one year	40/41	€52k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€54k
Equity	10/15	€31k
Contributions / capital	10/11	€300
Accumulated profits (losses)	14	€30k
Amounts payable	17/49	€24k
Amounts payable within one year	42/48	€24k
Trade debts payable within one year	44	€13k
Income statement
Turnover	70	€511k
Gross operating margin	9900	€84k
Operating result	9901	€17k
Financial income	75	€3
Financial charges	65	€2k
Result before taxes	9903	€15k
Income taxes	67/77	€6k
Net result for the period	9904	€9k
Result to be appropriated	9905	€9k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 4 directors

Current directors & mandates

Cioaca Oana-Corina
Director
State Gazette act 24055363 (04-04-2024)

Current
01-02-2024 → present
2 events
- 01-02-2024 Appointed· Director
- 01-02-2024 Appointed· Managing director
Ciurel Ramona Madalina
Director
State Gazette act 24055363 (04-04-2024)

Current
01-02-2024 → present
2 events
- 01-02-2024 Appointed· Director
- 01-02-2024 Appointed· Managing director

Former directors (2)

Cioaca Gigi
Director
State Gazette act 24055363 (04-04-2024)

Former
- → 01-02-2024
2 events
- 01-02-2024 Resigned· Director
- 01-02-2024 Resigned· Managing director
Ciurel Constantin
Director
State Gazette act 24055363 (04-04-2024)

Former
- → 01-02-2024
2 events
- 01-02-2024 Resigned· Director
- 01-02-2024 Resigned· Managing director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Private limited company(610)
Incorporation	18-05-2022
Status	Active
Postal code	9300

Establishment units 1 location

TG TOITURE

Louis De Rijckestraat 19, 9300 AalstReparatie en onderhoud van verwarmingsinstallaties

since 20222.331.518.229

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41303D0606/00S002	Flanders	154 m²	1 · 84 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

28-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

29-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

04-04-2024

State Gazette act Director changes

2023

30-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

04-04-2024 4 directors appointed, 4 resigning Director changes

Cioaca Oana-Corina, Bestuurder
Ciurel Ramona Madalina, Bestuurder
Cioaca Oana-Corina, Gedelegeerd bestuurder
Ciurel Ramona Madalina, Gedelegeerd bestuurder
Cioaca Gigi, Bestuurder
Ciurel Constantin, Bestuurder
Cioaca Gigi, Gedelegeerd bestuurder
Ciurel Constantin, Gedelegeerd bestuurder

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Dakwerkzaamheden43410Dakwerkzaamheden43910Algemene bouw van kantoorgebouwen41002Algemene bouw van andere niet-residentiële gebouwen41003Ontwikkeling van niet-residentiële bouwprojecten41102Algemene bouw van kantoorgebouwen41202Algemene bouw van andere niet-residentiële gebouwen41203Ontwikkeling van niet-residentiële bouwprojecten68122Overige reiniging van gebouwen; industriële reiniging81220Overige reiniging van gebouwen; industriële reiniging81220Andere reinigingsactiviteiten81230Andere reinigingsactiviteiten81290

Primary activity highlighted.

Names & trade names

Legal nameNL

TG TOITURE

Registered office

Louis De Rijckestraat 19

9300 Aalst, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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