Toennaer Glas Construct
ActiveToennaer Glas Construct has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €4k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability51▲+51
Solvency42▼-8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.33 in 2023; short-term debt: 83.3% and cash: 6.5% of total assets), and 83.3% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
16.7%
Return on assets
5.2%
Age of the figures
21 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 19% of 36376 sector peers (2024).
NBB · sector comparisonPosition among 36376 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
21 d late
2022
29 d late
2021
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€13k▲ 45.8%
2023 · €9k
2021: €5k
2022: €17k
2023: €9k
2021 → 2024
Total assets
€77k▲ 117%
2023 · €35k
2021: €18k
2022: €47k
2023: €35k
2021 → 2024
Net result
€4k
2023 · €-9k
2021: €2k
2022: €12k
2023: €-9k
2021 → 2024
Working capital
€13k▲ 45.8%
2023 · €9k
2021: €5k
2022: €17k
2023: €9k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€5k-€17k▲ 223%€9k▼ 49.6%€13k▲ 45.8%
Operating result€3k-€20k▲ 705%€-10k€4k
Net result€2k-€12k▲ 480%€-9k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €10k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €77k
Equity
€13k▲ 45.8%
Debt
€64k▲ 141%
The debt ratio rises from 75.1% to 83.3%. Equity and debt are higher.
Key figures and ratios
Solvency
16.7%▼
2023 · 24.9%
Current ratio
1.20▼
2023 · 1.33
Quick ratio
1.20▼
2023 · 1.33
Debt / equity
4.99▲
2023 · 3.02
ROE
31.4%▲
2023 · -98.2%
ROA
5.2%▲
2023 · -24.4%
Debt
€64k▲
2023 · €27k
Debt ≤ 1 year
€64k▲
2023 · €27k
Income taxes
€48
Staff costs
€8k▲
2023 · €7k
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€35k€77k▲
Fixed assets21/28€0€0=
Tangible fixed assets22/27€0€0=
Plant, machinery and equipment23€0€0=
Current assets29/58€35k€77k▲
Amounts receivable within one year40/41€31k€72k▲
Trade receivables40€6k€48k▲
Other amounts receivable41€26k€24k▼
Cash at bank and in hand54/58€4k€5k▲
Deferred charges and accrued income490/1€10€71▲
Equity and liabilities
Total equity and liabilities10/49€35k€77k▲
Equity10/15€9k€13k▲
Contributions10/11€100€100=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-3k€689▲
Amounts payable17/49€27k€64k▲
Amounts payable within one year42/48€27k€64k▲
Trade debts44€19k€33k▲
Suppliers440/4€19k€33k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9-€173
Other amounts payable47/48-€26k
Income statement
Code20232024
Remuneration, social security and pensions62€7k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€299-
Other operating charges640/8€899€1k▲
Gross operating margin9900€-2k€13k▲
Operating profit (loss)9901€-10k€4k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€168€818▲
Recurring financial charges65€168€818▲
Profit (loss) for the period before taxes9903€-9k€4k▲
Income taxes67/77-€48
Profit (loss) for the period9904€-9k€4k▲
Profit (loss) for the period to be appropriated9905€-9k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€689▲
Profit (loss) brought forward from the previous period14P€5k€-3k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €-9k ▼172%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2021net €12k ▲480%
Operating result €20k, net result €12k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lanaken · 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.
Paalsteenlaan 743620 LanakenGround area
1,499 m²
Building footprint
223 m²
Volume, LiDAR
1,015 m³
Parcel 73057A0275/00Y007, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Q & M GLAS
since 20182.276.968.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73057A0275/00Y007 | Flanders | 1,499 m² | 1 · 223 m² | 8.2 m · 2 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.
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Of 489 companies in sector 43343 we hold annual accounts for 294. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2018
Fiscal year end31-12
Activities, NACEBEL
43343Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.