TOECAN
ActiveTOECAN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €140k and a net result of €-309k. Equity is shrinking by ~31.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 18% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
5
/ 100
Critical▼ -2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency12▼-21
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.36 in 2023), and 84.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.4%
Return on assets
-33.9%
Age of the figures
20 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 37971 sector peers (2024).
NBB · sector comparisonPosition among 37971 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
on the day
2022
6 d early
2021
3 d early
2020
9 d early
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€140k
2023 · €-129k
2019: €103k
2020: €97k
2021: €42k
2022: €9k
2023: €-129k
2019 → 2024
Total assets
€911k▲ 110%
2023 · €434k
2019: €103k
2020: €98k
2021: €150k
2022: €219k
2023: €434k
2019 → 2024
Net result
€-309k▼ 181%
2023 · €-110k
2019: €-15k
2020: €-6k
2021: €-55k
2022: €-26k
2023: €-110k
2019 → 2024
Working capital
€-188k▼ 34.0%
2023 · €-140k
2020: €61k
2021: €29k
2022: €20k
2023: €-140k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€97k-€42k▼ 56.7%€9k▼ 77.6%€-129k€140k
Operating result€-6k-€-55k▼ 843%€-32k▲ 41.6%€-138k▼ 331%€-326k▼ 136%
Net result€-6k-€-55k▼ 838%€-26k▲ 53.2%€-110k▼ 326%€-309k▼ 181%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €326k in 2024 against €138k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €911k
Fixed assets
€648k▲ 81.9%
Current assets
€263k▲ 237%
Equity and liabilities €911k
Equity
€140k
Debt
€770k
Debt finances 84.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€-242k▼
2023 · €-105k
Cash flow
€-225k▼
2023 · €-77k
Solvency
15.4%▲
2023 · -29.8%
Current ratio
0.58▲
2023 · 0.36
Quick ratio
0.37▲
2023 · 0.24
Debt / equity
5.48▲
2023 · -4.35
ROE
-219.9%▼
2023 · 85.0%
ROA
-33.9%▼
2023 · -25.3%
Interest coverage
-22.09▲
2023 · -197.43
Debt
€770k▲
2023 · €564k
Debt ≤ 1 year
€450k▲
2023 · €218k
Debt > 1 year
€320k▼
2023 · €346k
Income taxes
€1k▲
2023 · €248
Staff costs
€325k▲
2023 · €115k
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 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€434k€911k▲
Fixed assets21/28€356k€648k▲
Intangible fixed assets21€289k€579k▲
Tangible fixed assets22/27€62k€64k▲
Plant, machinery and equipment23€60k€53k▼
Furniture and vehicles24€3k€1k▼
Other tangible fixed assets26-€10k
Financial fixed assets28€5k€5k=
Current assets29/58€78k€263k▲
Stocks and contracts in progress3€26k€94k▲
Stocks30/36€26k€94k▲
Contracts in progress37€0-
Amounts receivable within one year40/41€42k€119k▲
Trade receivables40€40k€113k▲
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€3k€38k▲
Deferred charges and accrued income490/1€7k€12k▲
Equity and liabilities
Total equity and liabilities10/49€434k€911k▲
Equity10/15€-129k€140k▲
Contributions10/11€19k€626k▲
Profit (loss) carried forward14€-212k€-521k▼
Investment grants15€64k€35k▼
Amounts payable17/49€564k€770k▲
Amounts payable after more than one year17€346k€320k▼
Financial debts170/4-€185k
Other amounts payable178/9€346k€135k▼
Amounts payable within one year42/48€218k€450k▲
Current portion of amounts payable after more than one year42-€47k
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€187k€334k▲
Suppliers440/4€187k€334k▲
Taxes, remuneration and social security45€31k€65k▲
Taxes450/3€12k€14k▲
Remuneration and social security454/9€19k€51k▲
Income statement
Code20232024
Remuneration, social security and pensions62€115k€325k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€84k▲
Other operating charges640/8€918€3k▲
Gross operating margin9900€11k€86k▲
Operating profit (loss)9901€-138k€-326k▼
Financial income75/76B€29k€29k▲
Recurring financial income75€29k€29k▲
Financial charges65/66B€531€11k▲
Recurring financial charges65€531€11k▲
Profit (loss) for the period before taxes9903€-110k€-308k▼
Income taxes67/77€248€1k▲
Profit (loss) for the period9904€-110k€-309k▼
Profit (loss) for the period to be appropriated9905€-110k€-309k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-212k€-521k▼
Profit (loss) brought forward from the previous period14P€-102k€-212k▼
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-309k
Net result drops to €-309k, the lowest in the series.
31-12
Financial
Equity above €100kEq €140k
Equity rises from €-129k to €140k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-12-2025
DriveSimSolutions: Resigned as Director
22-07-2024
D'hONDT Kurt: Resigned as Manager
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gistelse Steenweg 3028200 BruggeGround area
3,941 m²
Building footprint
1,112 m²
Volume, LiDAR
14,783 m³
Parcel 31425C0302/00L002, Flanders · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SAFE-T FLEET EN HR PREVENTION
since 20182.289.273.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0302/00L002 | Flanders | 3,941 m² | 1 · 1,112 m² | 15.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,250 EUR awarded · 4,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,000 EUR | 3,000 EUR |
| 2023 | 1 | 1,250 EUR | 1,250 EUR |
Schemes
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 40,734 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.