TOELAN
ActiveSummary
TOELAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250k and a net result of €30k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+8
Solvency55▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 5.1 against 4.66 in 2024; short-term debt: 5.1% and cash: 3% of total assets), but 69.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.1%
Return on assets
3.6%
Age of the figures
9 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
56 d early
2024
41 d early
2023
55 d early
2022
38 d early
2021
58 d early
2020
45 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€250k▲ 13.5%
2024 · €220k
2018: €43klowest in 8 years
2019: €50k▲ +18.3% vs 2018
2020: €90k▲ +77.6% vs 2019
2021: €120k▲ +33.7% vs 2020
2022: €156k▲ +30.3% vs 2021
2023: €188k▲ +20.5% vs 2022
2024: €220k▲ +17.2% vs 2023
2025: €250k▲ +13.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€830k▼ 0.7%
2024 · €835k
2018: €63klowest in 8 years
2019: €480k▲ +664% vs 2018
2020: €498k▲ +3.7% vs 2019
2021: €745k▲ +49.6% vs 2020
2022: €824k▲ +10.6% vs 2021
2023: €832k▲ +1.0% vs 2022
2024: €835k▲ +0.4% vs 2023highest in 8 years
2025: €830k▼ -0.7% vs 2024
2018 → 2025
Net result
€30k▼ 8.1%
2024 · €32k
2018: €37k
2019: €8k▼ -78.6% vs 2018lowest in 8 years
2020: €39k▲ +400% vs 2019highest in 8 years
2021: €30k▼ -22.8% vs 2020
2022: €36k▲ +19.9% vs 2021
2023: €32k▼ -11.6% vs 2022
2024: €32k▲ +0.9% vs 2023
2025: €30k▼ -8.1% vs 2024
2018 → 2025
Working capital
€173k▲ 10.1%
2024 · €157k
2018: €43k
2019: €36k▼ -15.7% vs 2018lowest in 8 years
2020: €43k▲ +18.3% vs 2019
2021: €79k▲ +82.4% vs 2020
2022: €120k▲ +52.1% vs 2021
2023: €133k▲ +10.9% vs 2022
2024: €157k▲ +18.6% vs 2023
2025: €173k▲ +10.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€156k▲ 30.3%€188k▲ 20.5%€220k▲ 17.2%€250k▲ 13.5%
2021: €120klowest in 5 years
2022: €156k▲ +30.3% vs 2021
2023: €188k▲ +20.5% vs 2022
2024: €220k▲ +17.2% vs 2023
2025: €250k▲ +13.5% vs 2024highest in 5 years
Operating result€52k-€61k▲ 16.9%€55k▼ 9.9%€46k▼ 16.5%€37k▼ 18.6%
2021: €52k
2022: €61k▲ +16.9% vs 2021highest in 5 years
2023: €55k▼ -9.9% vs 2022
2024: €46k▼ -16.5% vs 2023
2025: €37k▼ -18.6% vs 2024lowest in 5 years
Net result€30k-€36k▲ 19.9%€32k▼ 11.6%€32k▲ 0.9%€30k▼ 8.1%
2021: €30k
2022: €36k▲ +19.9% vs 2021highest in 5 years
2023: €32k▼ -11.6% vs 2022
2024: €32k▲ +0.9% vs 2023
2025: €30k▼ -8.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 19% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €830k
Fixed assets
€614k ▼ 3.3%
Current assets
€215k ▲ 7.6%
Equity and liabilities €830k
Equity
€250k ▲ 13.5%
Debt
€580k ▼ 5.7%
Debt's share of the balance-sheet total falls from 73.6% to 69.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €73k
Cash flow
€51k▼
2024 · €59k
Current ratio
5.10▲
2024 · 4.66
Debt to equity
2.32▼
2024 · 2.79
ROE
11.9%▼
2024 · 14.7%
ROA
3.6%▼
2024 · 3.9%
Interest coverage
8.16▲
2024 · 4.92
Debt ≤ 1 year
€42k▼
2024 · €43k
Debt > 1 year
€536k▼
2024 · €571k
Income taxes
€9k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€835k€830k▼
Fixed assets21/28€635k€614k▼
Tangible fixed assets22/27€635k€614k▼
Land and buildings22€493k€483k▼
Plant, machinery and equipment23€139k€129k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€200k€215k▲
Amounts receivable within one year40/41€166k€189k▲
Trade receivables40€15k€28k▲
Other amounts receivable41€151k€161k▲
Cash at bank and in hand54/58€20k€25k▲
Deferred charges and accrued income490/1€14k€870▼
Equity and liabilities
Total equity and liabilities10/49€835k€830k▼
Equity10/15€220k€250k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€200k€229k▲
Amounts payable17/49€615k€580k▼
Amounts payable after more than one year17€571k€536k▼
Financial debts170/4€571k€536k▼
Amounts payable within one year42/48€43k€42k▼
Current portion of amounts payable after more than one year42€37k€38k▲
Trade debts44€216€609▲
Suppliers440/4€216€609▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€21k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€76k€62k▼
Operating profit (loss)9901€46k€37k▼
Financial income75/76B€11k€8k▼
Recurring financial income75€11k€8k▼
Financial charges65/66B€15k€7k▼
Recurring financial charges65€15k€7k▼
Profit (loss) for the period before taxes9903€42k€39k▼
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€32k€30k▼
Profit (loss) for the period to be appropriated9905€32k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€229k▲
Profit (loss) brought forward from the previous period14P€167k€200k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €27k | €29k | €27k | €21k | ▼ 20.1% |
| Other operating charges640/8 | €2k | €3k | €2k | €3k | €3k | ▲ 3.3% |
| Gross operating margin9900 | €77k | €92k | €86k | €76k | €62k | ▼ 18.1% |
| Operating profit (loss)9901 | €52k | €61k | €55k | €46k | €37k | ▼ 18.6% |
| Financial income75/76B | €4k | €6k | €6k | €11k | €8k | ▼ 21.9% |
| Recurring financial income75 | €4k | €6k | €6k | €11k | €8k | ▼ 21.9% |
| Financial charges65/66B | €15k | €18k | €17k | €15k | €7k | ▼ 51.2% |
| Recurring financial charges65 | €15k | €18k | €17k | €15k | €7k | ▼ 51.2% |
| Profit (loss) for the period before taxes9903 | €42k | €50k | €44k | €42k | €39k | ▼ 7.9% |
| Income taxes67/77 | €11k | €14k | €12k | €10k | €9k | ▼ 7.0% |
| Profit (loss) for the period9904 | €30k | €36k | €32k | €32k | €30k | ▼ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €30k | €36k | €32k | €32k | €30k | ▼ 8.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €745k | €824k | €832k | €835k | €830k | ▼ 0.7% |
| Fixed assets21/28 | €638k | €681k | €662k | €635k | €614k | ▼ 3.3% |
| Tangible fixed assets22/27 | €638k | €681k | €662k | €635k | €614k | ▼ 3.3% |
| Land and buildings22 | €637k | €678k | €503k | €493k | €483k | ▼ 2.0% |
| Plant, machinery and equipment23 | - | - | €155k | €139k | €129k | ▼ 7.5% |
| Furniture and vehicles24 | €1k | €3k | €3k | €2k | €2k | ▼ 20.1% |
| Current assets29/58 | €107k | €143k | €171k | €200k | €215k | ▲ 7.6% |
| Amounts receivable within one year40/41 | €98k | €122k | €145k | €166k | €189k | ▲ 14.0% |
| Trade receivables40 | €14k | €16k | €18k | €15k | €28k | ▲ 83.7% |
| Other amounts receivable41 | €84k | €107k | €127k | €151k | €161k | ▲ 6.9% |
| Cash at bank and in hand54/58 | €9k | €9k | €16k | €20k | €25k | ▲ 23.9% |
| Deferred charges and accrued income490/1 | €303 | €12k | €10k | €14k | €870 | ▼ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €745k | €824k | €832k | €835k | €830k | ▼ 0.7% |
| Equity10/15 | €120k | €156k | €188k | €220k | €250k | ▲ 13.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €99k | €135k | €167k | €200k | €229k | ▲ 14.9% |
| Amounts payable17/49 | €625k | €668k | €644k | €615k | €580k | ▼ 5.7% |
| Amounts payable after more than one year17 | €597k | €645k | €606k | €571k | €536k | ▼ 6.1% |
| Financial debts170/4 | €597k | €645k | €606k | €571k | €536k | ▼ 6.1% |
| Amounts payable within one year42/48 | €28k | €24k | €38k | €43k | €42k | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | €21k | €21k | €32k | €37k | €38k | ▲ 0.8% |
| Trade debts44 | €3k | €592 | €2k | €216 | €609 | ▲ 183% |
| Suppliers440/4 | €3k | €592 | €2k | €216 | €609 | ▲ 183% |
| Taxes, remuneration and social security45 | €5k | €2k | €4k | €5k | €4k | ▼ 25.7% |
| Taxes450/3 | €5k | €2k | €4k | €5k | €4k | ▼ 25.7% |
| Accrued charges and deferred income492/3 | - | - | €270 | €1k | €1k | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €36k | €32k | €32k | €30k | ▼ 8.1% |
| + Depreciation and write-downs630 | €22k | €27k | €29k | €27k | €21k | ▼ 20.1% |
| Operating cash flow (approximation) | €52k | €64k | €61k | €59k | €51k | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | €-70k | €-9k | €-363 | €-496 | ▼ 36.7% |
| Change in cash | - | €721 | €7k | €4k | €5k | ▲ 19.6% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €220k ▲17.2%
7 profitable years in a row build equity to €220k.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €156k ▲30.3%
5 profitable years in a row build equity to €156k.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €120k ▲33.7%
4 profitable years in a row build equity to €120k.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €39k ▲400%
Operating result €62k, net result €39k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €8k ▼78.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Kortenberg · 1 establishment unit since 2017
Ground area
1,325 m²
Building footprint
148 m²
Volume, LiDAR
728 m³
Parcel 24026B0057/00S002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hollestraat 9, 3078 Kortenberg
since 20172.269.423.381
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24026B0057/00S002 | Flanders | 1,325 m² | 1 · 148 m² | 7.9 m · 2 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.
Similar companies · same sector, comparable size
FOUET
BE 0847.572.934
Zoersel · Eq €249,866
CKSB BENELUX
BE 0454.432.528
Grez-Doiceau · Eq €249,873
IGNACE GLOBAL SUPPORT
BE 0845.722.610
Koksijde · Eq €249,813
IMMOEVE
BE 0846.887.697
Tournai · Eq €249,796
Samika
BE 0838.064.855
Antwerpen · Eq €249,898
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,929 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
Founded05-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.