Tilosa
ActiveSummary
Tilosa has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,434 and a net result of €19,184. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 5.76 against 9.16 in 2024; short-term debt: 16.8% and cash: 43% of total assets), and 16.8% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
83.2%
Return on assets
27.3%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
23 d early
2023
27 d late
2022
29 d late
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 6 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€58,434▼ 41.8%
2024 · €100,473
Total assets
€70,195▼ 37.7%
2024 · €112,606
Net result
€19,184▼ 12.9%
2024 · €22,016
Working capital
€55,977▼ 43.3%
2024 · €98,680
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€52,124-€35,524▼ 31.8%€29,984▼ 15.6%€29,014▼ 3.2%€25,441▼ 12.3%
Net result€41,060above the sector's middle half-€27,459above the sector's middle half▼ 33.1%€22,586above the sector's middle half▼ 17.7%€22,016above the sector's middle half▼ 2.5%€19,184within the sector's middle half▼ 12.9%
Equity€46,060within the sector's middle half-€73,518within the sector's middle half▲ 59.6%€96,104within the sector's middle half▲ 30.7%€100,473within the sector's middle half▲ 4.5%€58,434within the sector's middle half▼ 41.8%
Total assets€74,374within the sector's middle half-€91,434within the sector's middle half▲ 22.9%€104,291within the sector's middle half▲ 14.1%€112,606within the sector's middle half▲ 8.0%€70,195within the sector's middle half▼ 37.7%
Debt€28,314-€17,916▼ 36.7%€8,187▼ 54.3%€12,133▲ 48.2%€11,762▼ 3.1%
Working capital€45,312-€73,070▲ 61.3%€96,000▲ 31.4%€98,680▲ 2.8%€55,977▼ 43.3%
Solvency61.9%above the sector's middle half-80.4%above the sector's middle half▲ 18.5pp92.1%above the sector's middle half▲ 11.7pp89.2%above the sector's middle half▼ 2.9pp83.2%above the sector's middle half▼ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 has fallen four years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,195
Fixed assets
€2,457 ▲ 33.6%
Current assets
€67,738 ▼ 38.8%
Equity and liabilities €70,195
Equity
€58,434 ▼ 41.8%
Debt
€11,762 ▼ 3.1%
Debt's share of the balance-sheet total rises from 10.8% to 16.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26,309▼
2024 · €29,324
Cash flow
€20,052▼
2024 · €22,326
Current ratio
5.76▼
2024 · 9.16
Debt to equity
0.20▲
2024 · 0.12
ROE
32.8%▲
2024 · 21.9%
ROA
27.3%▲
2024 · 19.6%
Interest coverage
208.80▲
2024 · 163.79
Debt ≤ 1 year
€11,762▼
2024 · €12,087
Income taxes
€6,811▼
2024 · €7,384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €172 | €274 | €274 | €310 | €868 | ▲ 180% |
| Other operating charges640/8 | €820 | €1,030 | €1,851 | €1,360 | €2,078 | ▲ 52.8% |
| Gross operating margin9900 | €53,116 | €36,828 | €32,109 | €30,684 | €28,387 | ▼ 7.5% |
| Operating profit (loss)9901 | €52,124 | €35,524 | €29,984 | €29,014 | €25,441 | ▼ 12.3% |
| Financial income75/76B | - | - | - | €565 | €681 | ▲ 20.4% |
| Recurring financial income75 | - | - | - | €565 | €681 | ▲ 20.4% |
| Financial charges65/66B | €45 | €136 | €190 | €179 | €126 | ▼ 29.6% |
| Recurring financial charges65 | €45 | €136 | €190 | €179 | €126 | ▼ 29.6% |
| Profit (loss) for the period before taxes9903 | €52,079 | €35,388 | €29,794 | €29,400 | €25,995 | ▼ 11.6% |
| Income taxes67/77 | €11,020 | €7,929 | €7,208 | €7,384 | €6,811 | ▼ 7.8% |
| Profit (loss) for the period9904 | €41,060 | €27,459 | €22,586 | €22,016 | €19,184 | ▼ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €41,060 | €27,459 | €22,586 | €22,016 | €19,184 | ▼ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,374 | €91,434 | €104,291 | €112,606 | €70,195 | ▼ 37.7% |
| Fixed assets21/28 | €1,198 | €924 | €650 | €1,840 | €2,457 | ▲ 33.6% |
| Tangible fixed assets22/27 | €1,198 | €924 | €650 | €1,840 | €2,457 | ▲ 33.6% |
| Furniture and vehicles24 | €1,198 | €924 | €650 | €1,840 | €2,457 | ▲ 33.6% |
| Current assets29/58 | €73,176 | €90,511 | €103,641 | €110,767 | €67,738 | ▼ 38.8% |
| Amounts receivable within one year40/41 | €16,024 | €22,061 | €19,074 | €16,434 | €16,047 | ▼ 2.4% |
| Trade receivables40 | €10,382 | €10,382 | €8,580 | €10,857 | €10,382 | ▼ 4.4% |
| Other amounts receivable41 | €5,643 | €11,679 | €10,494 | €5,578 | €5,665 | ▲ 1.6% |
| Current investments50/53 | - | - | - | €30,000 | €20,264 | ▼ 32.5% |
| Cash at bank and in hand54/58 | €56,705 | €68,052 | €84,116 | €62,890 | €30,171 | ▼ 52.0% |
| Deferred charges and accrued income490/1 | €447 | €398 | €452 | €1,442 | €1,257 | ▼ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,374 | €91,434 | €104,291 | €112,606 | €70,195 | ▼ 37.7% |
| Equity10/15 | €46,060 | €73,518 | €96,104 | €100,473 | €58,434 | ▼ 41.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €41,060 | €68,518 | €91,104 | €95,473 | €53,434 | ▼ 44.0% |
| Distributable reserves133 | €41,060 | €68,518 | €91,104 | €95,473 | €53,434 | ▼ 44.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €28,314 | €17,916 | €8,187 | €12,133 | €11,762 | ▼ 3.1% |
| Amounts payable within one year42/48 | €27,864 | €17,441 | €7,641 | €12,087 | €11,762 | ▼ 2.7% |
| Trade debts44 | €82 | €82 | €107 | €1,945 | €1,352 | ▼ 30.5% |
| Suppliers440/4 | €82 | €82 | €107 | €1,945 | €1,352 | ▼ 30.5% |
| Taxes, remuneration and social security45 | €27,700 | €17,277 | €7,534 | €10,139 | €9,930 | ▼ 2.1% |
| Taxes450/3 | €27,700 | €17,277 | €7,534 | €10,139 | €7,804 | ▼ 23.0% |
| Remuneration and social security454/9 | - | - | - | - | €2,126 | - |
| Other amounts payable47/48 | €81 | €81 | €0 | €2 | €480 | ▲ 25,560% |
| Accrued charges and deferred income492/3 | €450 | €475 | €546 | €46 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,060 | €27,459 | €22,586 | €22,016 | €19,184 | ▼ 12.9% |
| + Depreciation and write-downs630 | €172 | €274 | €274 | €310 | €868 | ▲ 180% |
| Operating cash flow (approximation) | €41,232 | €27,733 | €22,860 | €22,326 | €20,052 | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,500 | -€1,485 | ▲ 1.0% |
| Change in cash | - | €11,348 | €16,063 | -€21,225 | -€32,720 | ▼ 54.2% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €19,184 ▼12.9%
Net result drops to €19,184, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €100,473 ▲4.5%
4 profitable years in a row build equity to €100,473.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 13.56
Current ratio from 5.19 to 13.56; short-term debt falls from €17,441 to €7,641.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lokeren · 1 establishment unit since 2020
Ground area
794 m²
Building footprint
159 m²
Volume, LiDAR
861 m³
Parcel 46382B0426/00D002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tilosa
since 20202.308.489.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0426/00D002 | Flanders | 794 m² | 1 · 159 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 5,220 companies in sector 47730 we hold annual accounts for 3,860. 2,936 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
Founded11-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753952294
Also
9925:BE0753952294
Registered
14-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.