TOGOBAN
ActiveTOGOBAN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-585) and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 3021 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▲+33
Solvency25▲+3
Growth55=
Track record100
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 0.97 against 1.02 in 2023; short-term debt: 96.4% and cash: 26.2% of total assets), and equity is negative.
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 93
Relative position
BE, all sectors
reference
Sector 93
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
-0.4%
Return on assets
1.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
62 d late
2022
60 d late
2021
74 d late
2020
89 d late
2019
82 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€571k▼ 6.9%
2023 · €613k
2018: €190k
2019: €221k
2020: €80k
2021: €245k
2022: €478k
2023: €613k
2018 → 2024
EBIT margin
1.6%▲ 7.0pp
2023 · -5.4%
2018: 3.8%
2019: 7.7%
2020: -53.1%
2021: 21.6%
2022: 3.6%
2023: -5.4%
2018 → 2024
Net result
€2k
2023 · €-39k
2018: €5k
2019: €14k
2020: €-46k
2021: €48k
2022: €13k
2023: €-39k
2018 → 2024
Working capital
€-4k
2023 · €1k
2018: €2k
2019: €21k
2020: €11k
2021: €57k
2022: €61k
2023: €1k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€80k-€245k▲ 208%€478k▲ 95.1%€613k▲ 28.2%€571k▼ 6.9%
Equity€-25k-€23k€36k▲ 54.7%€-3k€-585▲ 78.3%
Operating result€-42k-€53k€17k▼ 67.3%€-33k€9k
Net result€-46k-€48k€13k▼ 73.5%€-39k€2k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9k after a loss of €33k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143k
Fixed assets
€9k▼ 16.9%
Current assets
€134k▲ 49.5%
Key figures and ratios
EBITDA
€11k▲
2023 · €-31k
Cash flow
€4k▲
2023 · €-37k
Solvency
-0.4%▲
2023 · -2.7%
Current ratio
0.97▼
2023 · 1.02
Quick ratio
0.94▼
2023 · 0.98
ROA
1.5%▲
2023 · -38.2%
Interest coverage
1.82▲
2023 · -5.79
Debt
€144k▲
2023 · €104k
Debt ≤ 1 year
€138k▲
2023 · €88k
Debt > 1 year
€6k▼
2023 · €16k
Income taxes
€1k
Staff costs
€210k▼
2023 · €241k
Equity ratios withheld: equity of €-585 is too small for a meaningful ratio.
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€101k€143k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€11k€9k▼
Plant, machinery and equipment23€2k€1k▼
Other tangible fixed assets26€9k€8k▼
Financial fixed assets28€200€200=
Current assets29/58€90k€134k▲
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€74k€79k▲
Trade receivables40€41k€46k▲
Other amounts receivable41€33k€33k▼
Cash at bank and in hand54/58€12k€38k▲
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€101k€143k▲
Equity10/15€-3k€-585▲
Contributions10/11€55k€55k=
Outside capital11€55k-
Other1109/19€55k-
Reserves13€10k€10k=
Tax-exempt reserves132€10k€10k=
Profit (loss) carried forward14€-67k€-65k▲
Amounts payable17/49€104k€144k▲
Amounts payable after more than one year17€16k€6k▼
Financial debts170/4€16k€6k▼
Amounts payable within one year42/48€88k€138k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€55k€99k▲
Suppliers440/4€55k€99k▲
Taxes, remuneration and social security45€24k€29k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€17k€23k▲
Income statement
Code20232024
Turnover70€613k€571k▼
Goods, raw materials, services and sundry goods60/61€387k€332k▼
Remuneration, social security and pensions62€241k€210k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€16k€16k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€226k€239k▲
Operating profit (loss)9901€-33k€9k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-39k€3k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-39k€2k▲
Profit (loss) for the period to be appropriated9905€-39k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-65k▲
Profit (loss) brought forward from the previous period14P€-29k€-67k▼
The notes to these accounts (6 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 €2k
Net result €2k after one loss-making year.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €-46k ▼420%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 82 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 89 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Arlon · 1 establishment unit since 2004
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.
Parc de l'Hydrion 27/116700 ArlonGround area
9.1 ha
Building footprint
2,486 m²
Parcel 81011C2315/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Yoyo
since 20042.138.798.035
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81011C2315/00G000 | Wallonia | 9.1 ha | 2 · 2,486 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteArlon2.138.798.035
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Of 6,728 companies in sector 93299 we hold annual accounts for 1,168. 882 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2004
Fiscal year end31-12
Activities, NACEBEL
92724
93293Sports, amusement and recreation activities
93299Other amusement and recreation activities
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.