TOCON

Active

Public limited companyfounded 199926 yrs activeIndustrieweg 7, 2630 Aartselaar, BelgiumKBO/BCE: BE 0466.904.847

TOCON has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.14M and a net result of €19k. Its solvency ranks better than 82% of 1400 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Watch Print / PDF

Checked score

Score 2024

89 / 100

Excellent▼ -5 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability57▼-7

Solvency100=

Growth49

Stability100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 3.33 against 2.25 in 2023), and 22.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

6 signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

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

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

77.5%

Return on assets

1.3%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

49 d early

2023

61 d early

2022

60 d early

2021

40 d early

2020

37 d early

2019

45 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€250k▲ 2.3%

2023 · €244k

2023: €244k

2023 → 2024

EBIT margin

19.2%▼ 1.9pp

2023 · 21.1%

2023: 21.1%

2023 → 2024

Net result

€19k▼ 26.6%

2023 · €26k

2023: €26k

2023 → 2024

Working capital

€99k▲ 37.9%

2023 · €72k

2023: €72k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Turnover€244k-€250k▲ 2.3%

Equity€1.12M-€1.14M▲ 1.7%

Operating result€52k-€48k▼ 7.0%

Net result€26k-€19k▼ 26.6%

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 7% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.47M

90.4%

10%

Fixed assets €1.33M▼ 1.1%

Current assets €141k▲ 9.5%

Equity and liabilities €1.47M

77.5%

22.5%

Equity €1.14M▲ 1.7%

Debt €332k▼ 6.2%

The debt ratio falls from 23.9% to 22.5%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€63k▲

2023 · €59k

Cash flow

€34k▲

2023 · €34k

Solvency

77.5%▲

2023 · 76.1%

Current ratio

3.33▲

2023 · 2.25

Quick ratio

3.33▲

2023 · 2.25

Debt / equity

0.29▼

2023 · 0.31

ROE

1.7%▼

2023 · 2.3%

ROA

1.3%▼

2023 · 1.8%

Interest coverage

2.85▼

2023 · 3.84

Debt

€332k▼

2023 · €353k

Debt ≤ 1 year

€42k▼

2023 · €57k

Debt > 1 year

€289k▼

2023 · €296k

Income taxes

€7k▼

2023 · €10k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Total assets 20/58€1.47M

Fixed assets 21/28€1.33M

Tangible fixed assets 22/27€52k

Financial fixed assets 28€1.28M

Current assets 29/58€141k

Amounts receivable within one year 40/41€120k

Cash & bank 54/58€20k

Total equity & liabilities 10/49€1.47M

Equity 10/15€1.14M

Contributions / capital 10/11€160k

Reserves 13€16k

Accumulated profits (losses) 14€967k

Amounts payable 17/49€332k

Amounts payable after one year 17€289k

Amounts payable within one year 42/48€42k

Trade debts payable within one year 44€25k

Income statement Code2024

Turnover 70€250k

Gross operating margin 9900€66k

Operating result 9901€48k

Financial charges 65€22k

Result before taxes 9903€26k

Income taxes 67/77€7k

Net result for the period 9904€19k

Result to be appropriated 9905€19k

This is the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →