TOAPE
ActiveSummary
TOAPE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €67k. Its solvency ranks better than 69% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency99▲+16
Growth78
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity ample (current ratio 3.66 against 2.12 in 2024; short-term debt: 26.2% and cash: 40.3% of total assets), and 26.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
73.8%
Return on assets
39.2%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
4 d early
2024
25 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€126k▲ 102%
2024 · €62k
2024: €62k
2025: €126k▲ +102% vs 2024
2024 → 2025
Total assets
€170k▲ 58.3%
2024 · €108k
2024: €108k
2025: €170k▲ +58.3% vs 2024
2024 → 2025
Net result
€67k▲ 10.8%
2024 · €60k
2024: €60k
2025: €67k▲ +10.8% vs 2024
2024 → 2025
Working capital
€119k▲ 133%
2024 · €51k
2024: €51k
2025: €119k▲ +133% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€62k-€126k▲ 102%
2024: €62k
2025: €126k▲ +102% vs 2024
Operating result€91k-€103k▲ 12.7%
2024: €91k
2025: €103k▲ +12.7% vs 2024
Net result€60k-€67k▲ 10.8%
2024: €60k
2025: €67k▲ +10.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€7k ▼ 39.3%
Current assets
€163k ▲ 69.8%
Equity and liabilities €170k
Equity
€126k ▲ 102%
Debt
€45k ▼ 1.5%
Debt's share of the balance-sheet total falls from 42.1% to 26.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106k▲
2024 · €94k
Cash flow
€71k▲
2024 · €64k
Current ratio
3.66▲
2024 · 2.12
Debt to equity
0.35▼
2024 · 0.73
ROE
53.2%▼
2024 · 96.8%
ROA
39.2%▼
2024 · 56.1%
Interest coverage
17.63▼
2024 · 19.61
Debt ≤ 1 year
€45k▼
2024 · €45k
Income taxes
€30k▲
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€108k€170k▲
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€10k€6k▼
Current assets29/58€96k€163k▲
Amounts receivable within one year40/41€70k€95k▲
Trade receivables40€29k€42k▲
Other amounts receivable41€41k€53k▲
Cash at bank and in hand54/58€26k€69k▲
Deferred charges and accrued income490/1€193-
Equity and liabilities
Total equity and liabilities10/49€108k€170k▲
Equity10/15€62k€126k▲
Contributions10/11€2k€2k=
Reserves13€60k€124k▲
Distributable reserves133€60k€124k▲
Amounts payable17/49€45k€45k▼
Amounts payable within one year42/48€45k€45k▼
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€35k€41k▲
Taxes450/3€35k€41k▲
Other amounts payable47/48€4k€169▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€99k€109k▲
Operating profit (loss)9901€91k€103k▲
Financial income75/76B-€231
Recurring financial income75-€231
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€86k€97k▲
Income taxes67/77€26k€30k▲
Profit (loss) for the period9904€60k€67k▲
Profit (loss) for the period to be appropriated9905€60k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€67k▲
Transfer to equity691/2€60k€63k▲
To other reserves6921€60k€63k▲
Profit to be distributed694/7-€3k
Return on contributions (dividend)694-€3k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | ▲ 12.3% |
| Other operating charges640/8 | €4k | €3k | ▼ 36.2% |
| Gross operating margin9900 | €99k | €109k | ▲ 10.6% |
| Operating profit (loss)9901 | €91k | €103k | ▲ 12.7% |
| Financial income75/76B | - | €231 | - |
| Recurring financial income75 | - | €231 | - |
| Financial charges65/66B | €5k | €6k | ▲ 25.3% |
| Recurring financial charges65 | €5k | €6k | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | €86k | €97k | ▲ 12.2% |
| Income taxes67/77 | €26k | €30k | ▲ 15.6% |
| Profit (loss) for the period9904 | €60k | €67k | ▲ 10.8% |
| Profit (loss) for the period to be appropriated9905 | €60k | €67k | ▲ 10.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €108k | €170k | ▲ 58.3% |
| Fixed assets21/28 | €11k | €7k | ▼ 39.3% |
| Tangible fixed assets22/27 | €11k | €7k | ▼ 39.3% |
| Plant, machinery and equipment23 | €2k | €1k | ▼ 23.0% |
| Furniture and vehicles24 | €10k | €6k | ▼ 42.4% |
| Current assets29/58 | €96k | €163k | ▲ 69.8% |
| Amounts receivable within one year40/41 | €70k | €95k | ▲ 35.8% |
| Trade receivables40 | €29k | €42k | ▲ 44.2% |
| Other amounts receivable41 | €41k | €53k | ▲ 29.8% |
| Cash at bank and in hand54/58 | €26k | €69k | ▲ 162% |
| Deferred charges and accrued income490/1 | €193 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €108k | €170k | ▲ 58.3% |
| Equity10/15 | €62k | €126k | ▲ 102% |
| Contributions10/11 | €2k | €2k | = |
| Reserves13 | €60k | €124k | ▲ 105% |
| Distributable reserves133 | €60k | €124k | ▲ 105% |
| Amounts payable17/49 | €45k | €45k | ▼ 1.5% |
| Amounts payable within one year42/48 | €45k | €45k | ▼ 1.5% |
| Trade debts44 | €6k | €4k | ▼ 40.2% |
| Suppliers440/4 | €6k | €4k | ▼ 40.2% |
| Taxes, remuneration and social security45 | €35k | €41k | ▲ 16.8% |
| Taxes450/3 | €35k | €41k | ▲ 16.8% |
| Other amounts payable47/48 | €4k | €169 | ▼ 96.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €60k | €67k | ▲ 10.8% |
| + Depreciation and write-downs630 | €3k | €4k | ▲ 12.3% |
| Operating cash flow (approximation) | €64k | €71k | ▲ 10.9% |
| Investment in fixed assets (approximation) | - | €772 | - |
| Change in cash | - | €42k | - |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €126k ▲102%
2 profitable years in a row build equity to €126k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 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, Oostende · 1 establishment unit since 2024
Ground area
172 m²
Building footprint
85 m²
Volume, LiDAR
996 m³
Parcel 35386D0041/00Z005, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TOAPE
since 20242.358.086.826
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0041/00Z005 | Flanders | 172 m² | 1 · 85 m² | 17.0 m · 5 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,860 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
Founded04-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
bart.vandenabeele@toape.be
Phone
050960150
Scores and ratios are computed by Checked and are not a credit decision.