Equity
€239,048 ▼ 9.2%
TOCCARO paid out €49,798 in dividends. That is 195% of the 2025 profit.
TOCCARO
Lifetime
15 annual accounts with figures on one time axispeak €158,853 (2022)
€65,368▼ 2.9%
peak €89,428 (2022)
€25,474▲ 581%
peak €345,807 (2020)
€239,048▼ 9.2%
€144,139▼ 14.1%
Board2 names since 2010
2 directorsTom Ghysels and 1 other
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Result from €3,739 to €25,474Demerger: TOCCARO splits off to Project 77 17-03Dividend €49,798Cash from €55,330 to €77,899
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
Two of the last ten came late. The 2017 accounts came latest: 20 days after the end of the period.
Restructuring
2025
Branch transferred to Project 77. Contribution on 24-04-2025.
Checked score
93
Excellent
Financially stronger than 47% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.81, cash €77,899
Sector: Activities of head offices; management consultancy activities (NACE 70)
Equity €239,048 (62.4% of total assets)
Size: total assets €383,187
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 70, micro). It does better than 57% of them on solvency, 59% on liquidity, 43% on profitability and 29% 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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as TOCCARO has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of TOCCARO itself: < 0.1% within 12 months.
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 34,693 companies, not a prediction for TOCCARO. 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 €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.81 (3.1 in 2024), above the usual 1.5. Short-term debt is 24.5% and cash 20.3% of total assets. 37.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
24 days early
2023
8 days early
2022
4 days early
2021
30 days early
2020
4 days early
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed 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 7 July (5 of the last 5 accounts filed within 30 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
Demerger: TOCCARO splits off to Project 77
General meeting of 28-01-2025 · Gazette deed
Demerger proposal: TOCCARO splits off to Project 77 BV
Tom Ghysels holds 250 shares · Thierry Balcaen holds 250 shares · Tom Ghysels holds 100 shares · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0822928796
Changes of role: Tom Ghysels (director) and Evelyne Delaey (director)
Director discharge: Tom Ghysels · Director discharge: Evelyne Delaey · General meeting of 29-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TOCCARO Zwevegem | €383,187 | €65,368 | 62.4% | - |
| ACCIONISTA Tielt | €359,901 | €61,591 | 59.4% | - |
| SANDENA Kortrijk | €366,026 | €59,727 | 45.1% | - |
| YLEG Nieuwpoort | €365,074 | €66,451 | 22.8% | - |
| PATMAR Middelkerke | €413,987 | €57,493 | 62.0% | - |
| SEMPER VIRENS Wevelgem | €339,593 | €61,188 | 38.8% | - |
| IMMO VALDO Waregem | €332,705 | €69,772 | 88.5% | - |
These companies have the same main activity as TOCCARO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €333,000 and €414,000, founded between 2008 and 2011.
Official details
Source: KBO- Status
- Active since 29-01-2010Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.185.451.8678552 Zwevegem, since 05-02-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- ≈ €130,000estimated
- €383,187▼ 11.1%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on TOCCARO
TOCCARO files the micro format. That format states no turnover. The gross margin fell from €85,683 in 2011 to €65,368 in 2025.
The balance sheet grew most from 2013 to 2015 through fixed assets, financed with long-term debt.
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 TOCCARO
- What is the company number of TOCCARO?
- The company number of TOCCARO is 0822.928.796. The VAT number is the same number with BE in front: BE 0822.928.796.
- Where is TOCCARO based?
- The registered office is at Sportstraat 45, 8552 Zwevegem.Company details
- What does TOCCARO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of TOCCARO?
- TOCCARO is a private limited company (BV).
- When was TOCCARO founded?
- TOCCARO was founded on 29-01-2010.
- Is TOCCARO still active?
- Yes, TOCCARO is an active enterprise in the KBO register.
- What is the turnover of TOCCARO?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €65,368 and 120 comparable companies (NACE 70200). It probably lies between €100,000 and €170,000.Financials
- Is TOCCARO profitable?
- In financial year 2025, TOCCARO made a profit of €25,474.
- Where can I find the annual accounts of TOCCARO?
- TOCCARO filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TOCCARO due?
- TOCCARO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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