Summary
TOBALEC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.05M and a net result of €162k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 6157 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
22 d early
2022
28 d early
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.05M▲ 18.4%
2023 · €883k
2018: €421k
2019: €405k▼ -3.7% vs 2018lowest in 7 years
2020: €421k▲ +3.9% vs 2019
2021: €531k▲ +26.2% vs 2020
2022: €678k▲ +27.5% vs 2021
2023: €883k▲ +30.4% vs 2022
2024: €1.05M▲ +18.4% vs 2023highest in 7 years
2018 → 2024
Net result
€162k▼ 21.0%
2023 · €206k
2018: €71k
2019: €-16k▼ -122% vs 2018lowest in 7 years
2020: €16k▲ +201% vs 2019
2021: €110k▲ +602% vs 2020
2022: €146k▲ +32.4% vs 2021
2023: €206k▲ +40.8% vs 2022highest in 7 years
2024: €162k▼ -21.0% vs 2023
2018 → 2024
Total assets
€2.11M▼ 0.3%
2023 · €2.11M
2018: €1.77M
2019: €1.73M▼ -2.3% vs 2018lowest in 7 years
2020: €2.01M▲ +16.5% vs 2019
2021: €1.97M▼ -1.8% vs 2020
2022: €1.99M▲ +0.9% vs 2021
2023: €2.11M▲ +6.2% vs 2022highest in 7 years
2024: €2.11M▼ -0.3% vs 2023
2018 → 2024
Solvency
49.6%▲ 7.8pp
2023 · 41.8%
2018: 23.8%
2019: 23.5%▼ -1.4% vs 2018
2020: 20.9%▼ -10.9% vs 2019lowest in 7 years
2021: 26.9%▲ +28.6% vs 2020
2022: 34.0%▲ +26.4% vs 2021
2023: 41.8%▲ +22.8% vs 2022
2024: 49.6%▲ +18.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€421k-€531k▲ 26.2%€678k▲ 27.5%€883k▲ 30.4%€1.05M▲ 18.4%
2020: €421klowest in 5 years
2021: €531k▲ +26.2% vs 2020
2022: €678k▲ +27.5% vs 2021
2023: €883k▲ +30.4% vs 2022
2024: €1.05M▲ +18.4% vs 2023highest in 5 years
Operating result€56k-€178k▲ 221%€226k▲ 26.8%€321k▲ 42.2%€261k▼ 18.6%
2020: €56klowest in 5 years
2021: €178k▲ +221% vs 2020
2022: €226k▲ +26.8% vs 2021
2023: €321k▲ +42.2% vs 2022highest in 5 years
2024: €261k▼ -18.6% vs 2023
Net result€16k-€110k▲ 602%€146k▲ 32.4%€206k▲ 40.8%€162k▼ 21.0%
2020: €16klowest in 5 years
2021: €110k▲ +602% vs 2020
2022: €146k▲ +32.4% vs 2021
2023: €206k▲ +40.8% vs 2022highest in 5 years
2024: €162k▼ -21.0% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.11M
Fixed assets
€2.04M ▼ 2.6%
Current assets
€69k ▲ 223%
Equity and liabilities €2.11M
Equity
€1.05M ▲ 18.4%
Debt
€1.06M ▼ 13.7%
Debt's share of the balance-sheet total falls from 58.2% to 50.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.5%▼
2023 · 23.3%
ROA
7.7%▼
2023 · 9.7%
Debt ≤ 1 year
€192k▼
2023 · €205k
Debt > 1 year
€870k▼
2023 · €1.02M
Income taxes
€76k▼
2023 · €91k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.11M€2.11M▼
Fixed assets21/28€2.09M€2.04M▼
Tangible fixed assets22/27€367k€313k▼
Land and buildings22€290k€264k▼
Plant, machinery and equipment23€33k€18k▼
Furniture and vehicles24€44k€31k▼
Financial fixed assets28€1.73M€1.73M=
Current assets29/58€21k€69k▲
Amounts receivable within one year40/41€19k€66k▲
Trade receivables40€259€123▼
Other amounts receivable41€18k€66k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.11M▼
Equity10/15€883k€1.05M▲
Contributions10/11€6k€6k=
Reserves13€877k€1.04M▲
Distributable reserves133€877k€1.04M▲
Amounts payable17/49€1.23M€1.06M▼
Amounts payable after more than one year17€1.02M€870k▼
Financial debts170/4€1.02M€870k▼
Amounts payable within one year42/48€205k€192k▼
Current portion of amounts payable after more than one year42€151k€153k▲
Financial debts43€1k€26k▲
Credit institutions430/8€1k€26k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€16k€2k▼
Taxes450/3€16k€2k▼
Other amounts payable47/48€34k€10k▼
Accrued charges and deferred income492/3€3k€602▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€61k▲
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€234€126▼
Gross operating margin9900€384k€329k▼
Operating profit (loss)9901€321k€261k▼
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€25k€25k▲
Recurring financial charges65€25k€25k▲
Profit (loss) for the period before taxes9903€297k€239k▼
Income taxes67/77€91k€76k▼
Profit (loss) for the period9904€206k€162k▼
Profit (loss) for the period to be appropriated9905€206k€162k▼
Appropriation of the result
Profit (loss) to be appropriated9906€206k€162k▼
Transfer to equity691/2€206k€162k▼
To other reserves6921€206k€162k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €40k | €46k | €55k | €61k | ▲ 10.8% |
| Other operating charges640/8 | - | €6k | €7k | €7k | €6k | ▼ 13.2% |
| Non-recurring operating charges66A | - | €326 | €124 | €234 | €126 | ▼ 46.1% |
| Gross operating margin9900 | €106k | €224k | €279k | €384k | €329k | ▼ 14.3% |
| Operating profit (loss)9901 | €56k | €178k | €226k | €321k | €261k | ▼ 18.6% |
| Financial income75/76B | - | €52 | €0 | €0 | €2k | - |
| Recurring financial income75 | €18 | €52 | €0 | €0 | €2k | - |
| Financial charges65/66B | - | €29k | €26k | €25k | €25k | ▲ 0.3% |
| Recurring financial charges65 | €30k | €29k | €26k | €25k | €25k | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €26k | €149k | €200k | €297k | €239k | ▼ 19.6% |
| Income taxes67/77 | €10k | €39k | €53k | €91k | €76k | ▼ 16.3% |
| Profit (loss) for the period9904 | €16k | €110k | €146k | €206k | €162k | ▼ 21.0% |
| Profit (loss) for the period to be appropriated9905 | €16k | €110k | €146k | €206k | €162k | ▼ 21.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.01M | €1.97M | €1.99M | €2.11M | €2.11M | ▼ 0.3% |
| Fixed assets21/28 | €2.00M | €1.96M | €1.98M | €2.09M | €2.04M | ▼ 2.6% |
| Tangible fixed assets22/27 | €276k | €237k | €257k | €367k | €313k | ▼ 14.7% |
| Land and buildings22 | - | €175k | €152k | €290k | €264k | ▼ 9.0% |
| Plant, machinery and equipment23 | - | €61k | €49k | €33k | €18k | ▼ 45.2% |
| Furniture and vehicles24 | - | €0 | €56k | €44k | €31k | ▼ 28.9% |
| Financial fixed assets28 | €1.73M | €1.73M | €1.73M | €1.73M | €1.73M | = |
| Current assets29/58 | €9k | €10k | €8k | €21k | €69k | ▲ 223% |
| Amounts receivable within one year40/41 | €4k | €5k | €4k | €19k | €66k | ▲ 254% |
| Trade receivables40 | - | €986 | €0 | €259 | €123 | ▼ 52.5% |
| Other amounts receivable41 | - | €4k | €4k | €18k | €66k | ▲ 258% |
| Cash at bank and in hand54/58 | €585 | €3k | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €3k | €3k | ▲ 9.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.01M | €1.97M | €1.99M | €2.11M | €2.11M | ▼ 0.3% |
| Equity10/15 | €421k | €531k | €678k | €883k | €1.05M | ▲ 18.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €415k | €525k | €671k | €877k | €1.04M | ▲ 18.5% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €523k | €671k | €877k | €1.04M | ▲ 18.5% |
| Amounts payable17/49 | €1.59M | €1.44M | €1.31M | €1.23M | €1.06M | ▼ 13.7% |
| Amounts payable after more than one year17 | €1.22M | €1.10M | €1.02M | €1.02M | €870k | ▼ 14.9% |
| Financial debts170/4 | - | €1.10M | €1.02M | €1.02M | €870k | ▼ 14.9% |
| Amounts payable within one year42/48 | €369k | €342k | €291k | €205k | €192k | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | €121k | €136k | €151k | €153k | ▲ 1.0% |
| Financial debts43 | - | €22k | €945 | €1k | €26k | ▲ 1,745% |
| Credit institutions430/8 | - | €22k | €945 | €1k | €26k | ▲ 1,745% |
| Trade debts44 | €2k | €3k | €4k | €2k | €1k | ▼ 58.5% |
| Suppliers440/4 | - | €3k | €4k | €2k | €1k | ▼ 58.5% |
| Taxes, remuneration and social security45 | - | €1k | €508 | €16k | €2k | ▼ 86.9% |
| Taxes450/3 | - | €1k | €508 | €16k | €2k | ▼ 86.9% |
| Other amounts payable47/48 | - | €195k | €150k | €34k | €10k | ▼ 70.4% |
| Accrued charges and deferred income492/3 | - | €586 | €2k | €3k | €602 | ▼ 80.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €110k | €146k | €206k | €162k | ▼ 21.0% |
| + Depreciation and write-downs630 | €44k | €40k | €46k | €55k | €61k | ▲ 10.8% |
| Operating cash flow (approximation) | €59k | €150k | €192k | €261k | €223k | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | €-2k | €-66k | €-164k | €-7k | ▲ 95.7% |
| Change in cash | - | €2k | €-3k | - | - | - |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.05M ▲18.4%
5 profitable years in a row build equity to €1.05M.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €206k ▲40.8%
Operating result €321k, net result €206k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €531k ▲26.2%
2 profitable years in a row build equity to €531k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2003
Ground area
212 m²
Building footprint
127 m²
Volume, LiDAR
744 m³
Parcel 46503C0669/00H002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tobalec
since 20032.134.037.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C0669/00H002 | Flanders | 212 m² | 1 · 127 m² | 9.2 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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 12,577 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
Founded13-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.