TOECOURT
Judicial reorganisationSummary
The file of TOECOURT contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €74,459 and a net result of €36,220. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 13560 sector peers (fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Ghent
- Opened
- 1 July 2021
- Track
- Reorganisation by collective agreement
- Docket number
- 20210013
- Delegated judge
- Edwin Meysmans
- Official Gazette
- 06-07-2021 (pdf) ↗search the document for 2021/126215
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2025
44
/ 100
Weak
An ongoing judicial reorganisation from the Belgian State Gazette caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency81▲+26
Growth78=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 2.19 against 1.39 in 2024; short-term debt: 44.5% and cash: 9.3% of total assets), and 44.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
48 d early
2024
1 d early
2023
on the day
2022
19 d early
2021
691 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 89 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€74,459▲ 94.7%
2024 · €38,239
Total assets
€134,079▲ 5.6%
2024 · €126,993
Net result
€36,220▼ 37.0%
2024 · €57,505
Working capital
€71,041▲ 107%
2024 · €34,305
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,769▼ 1.6%€15,479€1,682▼ 89.1%€65,586▲ 3,799%€53,837▼ 17.9%
Net result-€12,923below the sector's middle half▲ 4.2%€15,656within the sector's middle half€2,358within the sector's middle half▼ 84.9%€57,505above the sector's middle half▲ 2,339%€36,220above the sector's middle half▼ 37.0%
Equity-€7,281below the sector's middle half€8,376within the sector's middle half€10,734within the sector's middle half▲ 28.2%€38,239within the sector's middle half▲ 256%€74,459within the sector's middle half▲ 94.7%
Total assets€33,383below the sector's middle half▼ 57.2%€67,831within the sector's middle half▲ 103%€41,488below the sector's middle half▼ 38.8%€126,993within the sector's middle half▲ 206%€134,079within the sector's middle half▲ 5.6%
Debt€40,664▼ 43.7%€59,455▲ 46.2%€30,754▼ 48.3%€88,754▲ 189%€59,620▼ 32.8%
Working capital-€7,281€8,376€10,980▲ 31.1%€34,305▲ 212%€71,041▲ 107%
Solvency-21.8%below the sector's middle half▼ 29.1pp12.3%within the sector's middle half▲ 34.2pp25.9%within the sector's middle half▲ 13.5pp30.1%within the sector's middle half▲ 4.2pp55.5%within the sector's middle half▲ 25.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,079
Fixed assets
€3,418 ▼ 14.2%
Current assets
€130,661 ▲ 6.2%
Equity and liabilities €134,079
Equity
€74,459 ▲ 94.7%
Debt
€59,620 ▼ 32.8%
Debt's share of the balance-sheet total falls from 69.9% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,534▼
2024 · €65,854
Cash flow
€37,916▼
2024 · €57,773
Current ratio
2.19▲
2024 · 1.39
Debt to equity
0.80▼
2024 · 2.32
ROE
48.6%▼
2024 · 150.4%
ROA
27.0%▼
2024 · 45.3%
Interest coverage
12.20▼
2024 · 30.06
Debt ≤ 1 year
€59,620▼
2024 · €88,704
Income taxes
€15,408▲
2024 · €9,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €22,108 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €58 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €267 | €1,697 | ▲ 535% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€21,733 | €0 | - | - | - |
| Other operating charges640/8 | €1,305 | €1,747 | €1,187 | €3,074 | €1,754 | ▼ 42.9% |
| Non-recurring operating charges66A | €6,854 | - | - | - | - | - |
| Gross operating margin9900 | -€4,611 | -€4,507 | €2,927 | €68,928 | €57,288 | ▼ 16.9% |
| Operating profit (loss)9901 | -€12,769 | €15,479 | €1,682 | €65,586 | €53,837 | ▼ 17.9% |
| Financial income75/76B | €3,667 | €1,622 | €2,088 | €3,379 | €2,343 | ▼ 30.7% |
| Recurring financial income75 | €3,667 | €1,622 | €2,088 | €3,379 | €2,343 | ▼ 30.7% |
| Financial charges65/66B | €2,931 | €1,445 | €1,412 | €2,191 | €4,553 | ▲ 108% |
| Recurring financial charges65 | €2,931 | €1,445 | €1,412 | €2,191 | €4,553 | ▲ 108% |
| Profit (loss) for the period before taxes9903 | -€12,033 | €15,656 | €2,358 | €66,775 | €51,627 | ▼ 22.7% |
| Income taxes67/77 | €889 | - | - | €9,269 | €15,408 | ▲ 66.2% |
| Profit (loss) for the period9904 | -€12,923 | €15,656 | €2,358 | €57,505 | €36,220 | ▼ 37.0% |
| Profit (loss) for the period to be appropriated9905 | -€12,923 | €15,656 | €2,358 | €57,505 | €36,220 | ▼ 37.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,383 | €67,831 | €41,488 | €126,993 | €134,079 | ▲ 5.6% |
| Fixed assets21/28 | - | - | - | €3,984 | €3,418 | ▼ 14.2% |
| Tangible fixed assets22/27 | - | - | - | €3,984 | €3,418 | ▼ 14.2% |
| Furniture and vehicles24 | - | - | - | €3,984 | €3,418 | ▼ 14.2% |
| Current assets29/58 | €33,383 | €67,831 | €41,488 | €123,009 | €130,661 | ▲ 6.2% |
| Amounts receivable after more than one year29 | €14,500 | €14,500 | €14,500 | €87,250 | €88,559 | ▲ 1.5% |
| Other amounts receivable291 | €14,500 | €14,500 | €14,500 | €87,250 | €88,559 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €3,761 | €51,709 | €25,701 | €24,045 | €29,334 | ▲ 22.0% |
| Trade receivables40 | €97 | €26,031 | €313 | €24,045 | €867 | ▼ 96.4% |
| Other amounts receivable41 | €3,665 | €25,678 | €25,389 | €0 | €28,467 | - |
| Cash at bank and in hand54/58 | €15,022 | €1,622 | €876 | €8,929 | €12,436 | ▲ 39.3% |
| Deferred charges and accrued income490/1 | €100 | - | €410 | €2,785 | €332 | ▼ 88.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,383 | €67,831 | €41,488 | €126,993 | €134,079 | ▲ 5.6% |
| Equity10/15 | -€7,281 | €8,376 | €10,734 | €38,239 | €74,459 | ▲ 94.7% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €1,951 | €1,951 | €1,951 | €1,951 | €1,951 | = |
| Non-distributable reserves130/1 | €1,951 | €1,951 | €1,951 | €1,951 | €1,951 | = |
| Reserves not available under the articles1311 | €1,951 | €1,951 | €1,951 | €1,951 | €1,951 | = |
| Profit (loss) carried forward14 | -€39,231 | -€23,575 | -€21,217 | €6,288 | €42,508 | ▲ 576% |
| Amounts payable17/49 | €40,664 | €59,455 | €30,754 | €88,754 | €59,620 | ▼ 32.8% |
| Amounts payable within one year42/48 | €40,664 | €59,455 | €30,507 | €88,704 | €59,620 | ▼ 32.8% |
| Financial debts43 | - | €341 | €683 | €0 | - | - |
| Credit institutions430/8 | - | €341 | €683 | €0 | - | - |
| Trade debts44 | €30,668 | €44,866 | €27,021 | €46,866 | €15,445 | ▼ 67.0% |
| Suppliers440/4 | €30,668 | €44,866 | €27,021 | €46,866 | €15,445 | ▼ 67.0% |
| Advances received on contracts in progress46 | €9,950 | €9,950 | €701 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €4,298 | €2,102 | €11,838 | €29,175 | ▲ 146% |
| Taxes450/3 | - | €4,298 | €2,102 | €11,838 | €29,175 | ▲ 146% |
| Other amounts payable47/48 | €46 | - | - | €30,000 | €15,000 | ▼ 50.0% |
| Accrued charges and deferred income492/3 | - | - | €247 | €50 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,923 | €15,656 | €2,358 | €57,505 | €36,220 | ▼ 37.0% |
| + Depreciation and write-downs630 | - | - | - | €267 | €1,697 | ▲ 535% |
| Operating cash flow (approximation) | -€12,923 | €15,656 | €2,358 | €57,773 | €37,916 | ▼ 34.4% |
| Investment in fixed assets (approximation) | - | - | - | - | -€1,130 | - |
| Change in cash | - | -€13,400 | -€745 | €8,053 | €3,507 | ▼ 56.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €57,505 ▲2,339%
Operating result €65,586, net result €57,505, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 691 days late
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €15,656
Net result €15,656 after 3 loss-making years.
2021
06-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 01-07-2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet -€13,493
Net result drops to -€13,493, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 2015
Ground area
440 m²
Building footprint
82 m²
Volume, LiDAR
273 m³
Parcel 44081A0311/00N000, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TOECOURT
since 20152.243.203.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081A0311/00N000 | Flanders | 440 m² | 1 · 82 m² | 12.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,808 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-04-2015
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628970764
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.