Summary
TOCANY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €815,776 and a net result of €14,403. Equity is growing by about 3.3% per year across the filed financial years. Its solvency ranks better than 28% of 1,842 sector peers (NACE 66, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#1 oldest company in Laarne, Finance and insurance sector#6 company by total assets in Laarne, Finance and insurance sector#10 company by equity in Laarne, Finance and insurance sector
Equity
€815,776▲ 1.8%
2024 · €801,373
Net result
€14,403▲ 18.3%
2024 · €12,177
Total assets
€4.5m▲ 0.6%
2024 · €4.5m
Solvency
18.0%▲ 0.2pp
2024 · 17.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 59% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.005m
2025
Net result€0.01m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.5m
2025
Equity€0.8m
2025
Debt€3.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency18.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.74
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.07m--€0.01m▲ 80.8%€0.02m€0.04m▲ 137%€0.03m▼ 22.4%€0.1m▲ 434%€0.003m▼ 97.7%€0.005m▲ 58.8%
Net result-€0.07m--€0.01m▲ 83.1%€0.1mwithin the sector's middle half€0.03mwithin the sector's middle half▼ 80.2%€0.03mwithin the sector's middle half▲ 8.2%€0.2mabove the sector's middle half▲ 409%€0.01mwithin the sector's middle half▼ 92.3%€0.01mwithin the sector's middle half▲ 18.3%
Equity€2.0m-€0.7m▼ 65.5%€0.6mwithin the sector's middle half▼ 15.5%€0.6mabove the sector's middle half▲ 5.1%€0.6mabove the sector's middle half▲ 5.2%€0.8mabove the sector's middle half▲ 25.2%€0.8mabove the sector's middle half▲ 1.5%€0.8mabove the sector's middle half▲ 1.8%
Total assets€5.5m-€4.6m▼ 15.4%€4.4mabove the sector's middle half▼ 5.2%€4.5mabove the sector's middle half▲ 2.9%€4.6mabove the sector's middle half▲ 1.1%€4.7mabove the sector's middle half▲ 2.3%€4.5mabove the sector's middle half▼ 3.6%€4.5mabove the sector's middle half▲ 0.6%
Debt€3.5m-€4.0m▲ 12.6%€3.8m▼ 3.5%€3.9m▲ 2.6%€3.9m▲ 0.5%€3.9m▼ 1.4%€3.7m▼ 4.6%€3.7m▲ 0.3%
Working capital-€0.1m--€0.4m▼ 254%-€0.4mbelow the sector's middle half▼ 14.3%-€0.4mbelow the sector's middle half▲ 8.3%-€0.4mbelow the sector's middle half▲ 6.0%-€0.3mbelow the sector's middle half▲ 24.4%-€0.3mbelow the sector's middle half▲ 3.4%-€0.3mbelow the sector's middle half▲ 5.3%
Solvency35.8%-14.6%▼ 21.2pp13.0%below the sector's middle half▼ 1.6pp13.3%below the sector's middle half▲ 0.3pp13.8%below the sector's middle half▲ 0.5pp16.9%below the sector's middle half▲ 3.1pp17.8%below the sector's middle half▲ 0.9pp18.0%within the sector's middle half▲ 0.2pp
Current ratio0.55-0.60▲ 0.050.56below the sector's middle half▼ 0.040.63below the sector's middle half▲ 0.070.66below the sector's middle half▲ 0.030.75below the sector's middle half▲ 0.090.72below the sector's middle half▼ 0.040.74below the sector's middle half▲ 0.02
Return on assets (ROA)-1.3%--0.3%▲ 1.0pp3.3%within the sector's middle half▲ 3.6pp0.6%below the sector's middle half▼ 2.7pp0.7%below the sector's middle half=3.4%within the sector's middle half▲ 2.7pp0.3%below the sector's middle half▼ 3.1pp0.3%below the sector's middle half=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2021 Net result -80% on 2020. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€3.8m =
Current assets
€707,004 ▲ 3.7%
Equity and liabilities €4.5m
Equity
€815,776 ▲ 1.8%
Debt
€3.7m ▲ 0.3%
Debt's share of the balance-sheet total falls from 82.2% to 82.0%. Equity and debt are higher.
Key figures and ratios
ROE
1.8%▲
2024 · 1.5%
Debt ≤ 1 year
€958,770▲
2024 · €947,500
Debt > 1 year
€2.8m=
2024 · €2.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €199 | €10 | €415 | €415 | €415 | €408 | €408 | €408 | = |
| Other operating charges640/8 | - | - | - | €1,622 | €1,205 | €1,316 | €1,475 | €1,209 | ▼ 18.1% |
| Gross operating margin9900 | -€68,246 | -€6,207 | €17,284 | €38,208 | €29,698 | €151,644 | €5,338 | €7,101 | ▲ 33.0% |
| Operating profit (loss)9901 | -€69,881 | -€13,399 | €15,273 | €36,171 | €28,078 | €149,920 | €3,455 | €5,485 | ▲ 58.8% |
| Financial income75/76B | - | - | - | €14,588 | €16,776 | €20,595 | €17,353 | €16,902 | ▼ 2.6% |
| Recurring financial income75 | €1,193 | €6,838 | €12,373 | €14,588 | €16,776 | €20,595 | €17,353 | €16,902 | ▼ 2.6% |
| Financial charges65/66B | - | - | - | €21,933 | €13,667 | €11,883 | €8,631 | €7,984 | ▼ 7.5% |
| Recurring financial charges65 | €1,826 | €5,375 | €16,277 | €21,933 | €13,667 | €11,883 | €8,631 | €7,984 | ▼ 7.5% |
| Profit (loss) for the period before taxes9903 | -€70,514 | -€11,936 | €145,496 | €28,826 | €31,188 | €158,631 | €12,177 | €14,403 | ▲ 18.3% |
| Profit (loss) for the period9904 | -€70,514 | -€11,936 | €145,496 | €28,826 | €31,188 | €158,631 | €12,177 | €14,403 | ▲ 18.3% |
| Profit (loss) for the period to be appropriated9905 | -€70,514 | -€11,936 | €145,496 | €28,826 | €31,188 | €158,631 | €12,177 | €14,403 | ▲ 18.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.5m | €4.6m | €4.4m | €4.5m | €4.6m | €4.7m | €4.5m | €4.5m | ▲ 0.6% |
| Fixed assets21/28 | €5.3m | €4.1m | €3.9m | €3.9m | €3.9m | €3.8m | €3.8m | €3.8m | = |
| Tangible fixed assets22/27 | €49 | €39 | €0.03m | €0.03m | €0.03m | €0.002m | €0.002m | €0.001m | ▼ 24.0% |
| Land and buildings22 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 23.9% |
| Furniture and vehicles24 | - | - | - | €20 | €10 | €7 | €3 | €0 | ▼ 100% |
| Financial fixed assets28 | €5.3m | €4.1m | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Current assets29/58 | €0.1m | €0.6m | €0.5m | €0.7m | €0.7m | €0.8m | €0.7m | €0.7m | ▲ 3.7% |
| Amounts receivable within one year40/41 | €0.1m | €0.6m | €0.5m | €0.6m | €0.7m | €0.8m | €0.7m | €0.7m | ▲ 3.9% |
| Other amounts receivable41 | - | - | - | €0.6m | €0.7m | €0.8m | €0.7m | €0.7m | ▲ 3.9% |
| Cash at bank and in hand54/58 | €172 | - | €0.001m | €143 | €277 | €0.005m | €0.001m | €386 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 2.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.5m | €4.6m | €4.4m | €4.5m | €4.6m | €4.7m | €4.5m | €4.5m | ▲ 0.6% |
| Equity10/15 | €2.0m | €0.7m | €0.6m | €0.6m | €0.6m | €0.8m | €0.8m | €0.8m | ▲ 1.8% |
| Contributions10/11 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Capital10 | - | - | - | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Issued capital100 | - | - | - | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Revaluation surpluses12 | - | - | - | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Profit (loss) carried forward14 | -€6.0m | -€6.0m | -€5.9m | -€5.8m | -€5.8m | -€5.6m | -€5.6m | -€5.6m | ▲ 0.3% |
| Amounts payable17/49 | €3.5m | €4.0m | €3.8m | €3.9m | €3.9m | €3.9m | €3.7m | €3.7m | ▲ 0.3% |
| Amounts payable after more than one year17 | €3.3m | €3.0m | €2.9m | €2.9m | €2.9m | €2.8m | €2.8m | €2.8m | = |
| Financial debts170/4 | - | - | - | €2.9m | €2.9m | €2.8m | €2.8m | €2.8m | = |
| Amounts payable within one year42/48 | €0.2m | €0.9m | €1.0m | €1.0m | €1.1m | €1.1m | €0.9m | €1.0m | ▲ 1.2% |
| Trade debts44 | €0.06m | €0.06m | €0.05m | €0.06m | €0.03m | €0 | - | - | - |
| Suppliers440/4 | - | - | - | €0.06m | €0.03m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.006m | €0.002m | €0.001m | €0.002m | ▲ 32.0% |
| Taxes450/3 | - | - | - | €0.002m | €0.006m | €0.002m | €0.001m | €0.002m | ▲ 32.0% |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.0m | €1.1m | €0.9m | €1.0m | ▲ 1.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.01m | €0.01m | €0.009m | €0.008m | ▼ 7.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.07m | -€0.01m | €0.1m | €0.03m | €0.03m | €0.2m | €0.01m | €0.01m | ▲ 18.3% |
| + Depreciation and write-downs630 | €199 | €10 | €415 | €415 | €415 | €408 | €408 | €408 | = |
| Operating cash flow (approximation) | -€0.07m | -€0.01m | €0.1m | €0.03m | €0.03m | €0.2m | €0.01m | €0.01m | ▲ 17.7% |
| Investment in fixed assets (approximation) | - | €1.3m | €0.2m | €0 | €0 | €0.03m | €0 | €0 | - |
| Change in cash | - | - | - | -€0.001m | €134 | €0.005m | -€0.004m | -€318 | ▲ 92.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00296193 |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00238080 |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00239556 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00210132 |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20175089 |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-27500154 |
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59800296 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61400018 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-60400360 |
| 31-12-2016 | abbreviated format | 08-08-2017 | 2017-42000055 |
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Of the 1,468 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 925. 546 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.