TO-bureau
ActiveThe computed 12-month bankruptcy probability of TO-bureau is 1.7% (moderate). The 2024 annual accounts show equity of €122k and a net result of €25k. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 2438 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 16.11 against 28.14 in 2023; short-term debt: 6% and cash: 20.7% of total assets), and 6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
43 d early
2022
48 d early
2021
48 d early
2020
47 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€122k▲ 25.2%
2023 · €98k
2020: €43k
2021: €61k
2022: €82k
2023: €98k
2020 → 2024
Total assets
€130k▲ 28.8%
2023 · €101k
2020: €49k
2021: €64k
2022: €93k
2023: €101k
2020 → 2024
Net result
€25k▲ 61.4%
2023 · €15k
2020: €40k
2021: €18k
2022: €22k
2023: €15k
2020 → 2024
Working capital
€119k▲ 29.2%
2023 · €92k
2020: €33k
2021: €57k
2022: €77k
2023: €92k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€61k▲ 40.7%€82k▲ 35.4%€98k▲ 18.5%€122k▲ 25.2%
Operating result€56k-€25k▼ 54.7%€30k▲ 18.2%€22k▼ 27.6%€35k▲ 59.4%
Net result€40k-€18k▼ 55.8%€22k▲ 22.5%€15k▼ 29.1%€25k▲ 61.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 59% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €130k
Fixed assets
€3k▼ 39.3%
Current assets
€127k▲ 32.9%
Equity and liabilities €130k
Equity
€122k▲ 25.2%
Debt
€8k▲ 132%
The debt ratio rises from 3.4% to 6.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2023 · €24k
Cash flow
€27k▲
2023 · €18k
Solvency
94.0%▼
2023 · 96.6%
Current ratio
16.11▼
2023 · 28.14
Quick ratio
16.11▼
2023 · 28.14
Debt / equity
0.06▲
2023 · 0.03
ROE
20.2%▲
2023 · 15.6%
ROA
18.9%▲
2023 · 15.1%
Interest coverage
167.34▼
2023 · 687.55
Debt
€8k▲
2023 · €3k
Debt ≤ 1 year
€8k▲
2023 · €3k
Income taxes
€10k▲
2023 · €6k
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€101k€130k▲
Fixed assets21/28€6k€3k▼
Intangible fixed assets21€1€0▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€295-
Furniture and vehicles24€5k€3k▼
Current assets29/58€95k€127k▲
Amounts receivable within one year40/41€10k€10k▲
Trade receivables40€10k€10k▲
Current investments50/53-€86k
Cash at bank and in hand54/58€81k€27k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€101k€130k▲
Equity10/15€98k€122k▲
Contributions10/11€4k€4k=
Reserves13€94k€119k▲
Distributable reserves133€94k€119k▲
Profit (loss) carried forward14€7€7▲
Amounts payable17/49€3k€8k▲
Amounts payable within one year42/48€3k€8k▲
Trade debts44€525€646▲
Suppliers440/4€525€646▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€789€740▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€991€1k▲
Gross operating margin9900€25k€38k▲
Operating profit (loss)9901€22k€35k▲
Financial income75/76B€89€445▲
Recurring financial income75€89€445▲
Financial charges65/66B€35€220▲
Recurring financial charges65€35€220▲
Profit (loss) for the period before taxes9903€22k€35k▲
Income taxes67/77€6k€10k▲
Profit (loss) for the period9904€15k€25k▲
Profit (loss) for the period to be appropriated9905€15k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€25k▲
Profit (loss) brought forward from the previous period14P€7€7=
Transfer to equity691/2€15k€25k▲
To other reserves6921€15k€25k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €122k ▲25.2%
5 profitable years in a row build equity to €122k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €15k ▼29.1%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 28.14
Current ratio from 8.01 to 28.14; short-term debt falls from €11k to €3k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 18.81
Current ratio from 6.34 to 18.81; short-term debt falls from €6k to €3k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wevelgem · 1 establishment unit since 2019
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.
Koetsierstraat 18560 WevelgemGround area
655 m²
Building footprint
154 m²
Volume, LiDAR
802 m³
Parcel 34041A0447/00T000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TO-bureau
since 20192.290.945.802
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041A0447/00T000 | Flanders | 655 m² | 1 · 154 m² | 8.6 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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BE 1004.596.336
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M-Squared
BE 0719.728.023
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FERRONNERIE DE LA SCENE
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RB PEN RAMEN EN DEUREN
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Evergem · Eq €126k
Of 908 companies in sector 25120 we hold annual accounts for 677. 505 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2019
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
74112Other professional, scientific and technical activities
25110Manufacture of metal structures and parts of structures
33200Installation of industrial machinery and equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.