Equity
€56,347 from €198,868 in 2023
Equity fell by 72% in 2 years.
TOC SERVICES
Lifetime
16 annual accounts with figures on one time axispeak €126,950 (2022)
-€33,507▼ €18,687
lowest -€90,901 (2025)
-€90,901▼ €39,281
peak €198,868 (2023)
€56,347▼ 61.7%
€44,919▼ 39.9%
Board1 name since 2009
1 directorBIETLOT,Hubert Christian Jean Pierre
Documentsfilings and deeds
14-10-202675 days late
2025micro format
Gross margin from -€14,820 to -€33,507Loss of €90,901Registered office moved from Fosse-la-ville to Montigines-sur… 25-09Equity from €147,248 to €56,347Debts from €74,780 to €44,919Cash from €1,985 to €602
Key points
from the 2025 annual accountsLosses
-€142,521 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Securities
€107,000
Mortgages, new in 2025. 1.9 times equity · not in the 2024 accounts.
Liquidity
3.20 was 5.96 in 2024
Short-term debts rose from €16,171 to €17,242.
Filings
16 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€90,901
Lower net result than 95% of companies in water collection and supply. Sector median €50,951 · 65 companies.
Turnover not published (micro format)
Checked score
50
Fair
Financially stronger than 32% of micro companies in water collection and supply (NACE 36)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 44 companies (NACE 36, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025lowest value
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025
10-2025: 2.0%▲ +1.2 percentage points vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.0%● unchanged vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 1.9%▼ -0.1 percentage points vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 1.9%● unchanged vs 06-2026
08-2026: 2.2%▲ +0.3 percentage points vs 07-2026
09-2026: 2.7%▲ +0.5 percentage points vs 08-2026
10-2026: 3.0%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 3.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 75 days late; 1 of the last 3 accounts late
Loss of €90,901, the second in a row (financial year 2025)
1 change of registered office in 24 months
Liquidity: current ratio 3.20, cash €602, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 36, micro). It does better than 63% of them on solvency, 47% on liquidity, 7% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as TOC SERVICES has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TOC SERVICES itself is higher: 3.0% within 12 months. It rests on far more data about TOC SERVICES than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for TOC SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 3.2 (5.96 in 2024), above the usual 1.5. Short-term debt is 17% and cash 0.6% of total assets. 44.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€90,901
raises risk · 2025 accounts filed 75 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-10-2026, 75 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
75 days late
2024
29 days late
2023
9 days early
2022
77 days late
2021
31 days early
2020
30 days late
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 37 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 48 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0820262187
Registered office moved from Fosse-la-ville to Montigines-sur-Sambre
New registered office: Rue Brigade Piron, 324/2-6061 Montigines-sur-Sambre · Previous registered office: Rue du Sartia 13, 5070 Fosse-la-ville · Gazette deed
Change of role: BIETLOT, Hubert Christian Jean Pierre, from manager to director
Legal-form conversion: to private limited company · Gazette deed
Incorporation
published on 05-11-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TOC SERVICES Charleroi | €101,267 | -€33,507 | 55.6% | - |
| H 2 O NICS Berlaar | €212,846 | -€24,120 | 2.7% | - |
| Cobalt Water EU Ghent | €30,817 | -€27,300 | 13.3% | - |
| VALPROMIC Ghent | €13,496 | €912 | -3126.2% | - |
| BELLEAQUA AGRO Wuustwezel | €158,670 | -€1,340 | 62.6% | - |
| BEVIL'ACQUA Tubize | €21,508 | €2,110 | -21.4% | - |
| BURON Mouscron | €71,319 | €10,450 | 15.8% | - |
These companies have the same main activity as TOC SERVICES: water collection, treatment and supply (NACE 36000). They are comparable in size and age: total assets between €13,500 and €213,000, founded between 2000 and 2021.
Official details
Source: KBO- Status
- Active since 03-11-2009Normal situation
- Activity
- Water collection, treatment and supplyNACE 36000and 1 other
- Establishment unit
- 2.185.437.5166061 Charleroi, since 03-11-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 23-03-2026
Insights on TOC SERVICES
TOC SERVICES files the micro format. That format states no turnover. The gross margin fell from €56,488 in 2010 to -€33,507 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TOC SERVICES
- What is the company number of TOC SERVICES?
- The company number of TOC SERVICES is 0820.262.187. The VAT number is the same number with BE in front: BE 0820.262.187.
- Where is TOC SERVICES based?
- The registered office is at Rue Brigade Piron 324, 6061 Charleroi.Company details
- What does TOC SERVICES do?
- According to the KBO register, the main activity is water collection, treatment and supply (NACE 36000).
- What is the legal form of TOC SERVICES?
- TOC SERVICES is a private limited company (BV).
- When was TOC SERVICES founded?
- TOC SERVICES was founded on 03-11-2009.
- Is TOC SERVICES still active?
- Yes, TOC SERVICES is an active enterprise in the KBO register.
- What is the turnover of TOC SERVICES?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is TOC SERVICES profitable?
- In financial year 2025, TOC SERVICES made a loss of €90,901.
- Where can I find the annual accounts of TOC SERVICES?
- TOC SERVICES filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TOC SERVICES due?
- TOC SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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