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TOHO

Active
Private limited companyfounded 20224 yrs activeStationsstraat 80 a, 8860 Lendelede, BelgiumKBO/BCE: BE 0786.918.141
Summary

The computed 12-month bankruptcy probability of TOHO is 2.3% (moderate). The 2025 annual accounts show equity of €346,134 and a net result of €279,035. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability73
Solvency34
Growth-
Track record79
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity tight (current ratio 1.26; short-term debt: 58.8% and cash: 2.5% of total assets), and 91.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
8.9%
Return on assets
7.1%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
7 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TOHO was incorporated on 8 June 2022 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€346,134
Total assets
€3.9m
Net result
€279,035
Working capital
€605,307

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €3.9m
Fixed assets €1.0m
Current assets €2.9m
Equity and liabilities €3.9m
Equity €346,134
Debt €3.6m
Debt finances 91.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€541,895
Cash flow
€354,818
Current ratio
1.26
Quick ratio
0.21
Debt to equity
10.29
ROE
80.6%
ROA
7.1%
Interest coverage
5.42
Debt ≤ 1 year
€2.3m
Debt > 1 year
€1.3m
Income taxes
€93,029

Peer companies

Historical observation

Of the 513 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
2.3% went bankrupt
1.4% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 513 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 54 lines
Balance sheet Code2025
Assets
Total assets20/58€3.9m
Fixed assets21/28€1.0m
Tangible fixed assets22/27€987,130
Land and buildings22€981,830
Assets under construction and advance payments27€5,300
Financial fixed assets28€16,276
Current assets29/58€2.9m
Amounts receivable after more than one year29€121,451
Other amounts receivable291€121,451
Stocks and contracts in progress3€2.4m
Stocks30/36€2.4m
Amounts receivable within one year40/41€260,179
Trade receivables40€214,553
Other amounts receivable41€45,626
Cash at bank and in hand54/58€97,663
Deferred charges and accrued income490/1€1,153
Equity and liabilities
Total equity and liabilities10/49€3.9m
Equity10/15€346,134
Contributions10/11€5,000
Reserves13€341,134
Distributable reserves133€341,134
Amounts payable17/49€3.6m
Amounts payable after more than one year17€1.3m
Financial debts170/4€1.2m
Other amounts payable178/9€79,374
Amounts payable within one year42/48€2.3m
Current portion of amounts payable after more than one year42€64,337
Financial debts43€1.5m
Credit institutions430/8€1.5m
Other loans439€4,800
Trade debts44€232,555
Suppliers440/4€232,555
Advances received on contracts in progress46€0
Taxes, remuneration and social security45€32,690
Taxes450/3€32,690
Other amounts payable47/48€453,164
Accrued charges and deferred income492/3€4,878
Income statement Code2025
Non-recurring operating income76A€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75,783
Other operating charges640/8€29,318
Gross operating margin9900€571,213
Operating profit (loss)9901€466,112
Financial income75/76B€5,848
Recurring financial income75€5,848
Financial charges65/66B€99,897
Recurring financial charges65€99,897
Profit (loss) for the period before taxes9903€372,064
Income taxes67/77€93,029
Profit (loss) for the period9904€279,035
Profit (loss) for the period to be appropriated9905€279,035
Appropriation of the result
Profit (loss) to be appropriated9906€279,035
Transfer to equity691/2€279,035
To other reserves6921€279,035
Social balance
Average headcount (FTE)90870.0

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Non-recurring operating income76A€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75,783
Other operating charges640/8€29,318
Gross operating margin9900€571,213
Operating profit (loss)9901€466,112
Financial income75/76B€5,848
Recurring financial income75€5,848
Financial charges65/66B€99,897
Recurring financial charges65€99,897
Profit (loss) for the period before taxes9903€372,064
Income taxes67/77€93,029
Profit (loss) for the period9904€279,035
Profit (loss) for the period to be appropriated9905€279,035
Line2025
Assets
Total assets20/58€3.9m
Fixed assets21/28€1.0m
Tangible fixed assets22/27€987,130
Land and buildings22€981,830
Assets under construction and advance payments27€5,300
Financial fixed assets28€16,276
Current assets29/58€2.9m
Amounts receivable after more than one year29€121,451
Other amounts receivable291€121,451
Stocks and contracts in progress3€2.4m
Stocks30/36€2.4m
Amounts receivable within one year40/41€260,179
Trade receivables40€214,553
Other amounts receivable41€45,626
Cash at bank and in hand54/58€97,663
Deferred charges and accrued income490/1€1,153
Equity and liabilities
Total equity and liabilities10/49€3.9m
Equity10/15€346,134
Contributions10/11€5,000
Reserves13€341,134
Distributable reserves133€341,134
Amounts payable17/49€3.6m
Amounts payable after more than one year17€1.3m
Financial debts170/4€1.2m
Other amounts payable178/9€79,374
Amounts payable within one year42/48€2.3m
Current portion of amounts payable after more than one year42€64,337
Financial debts43€1.5m
Credit institutions430/8€1.5m
Other loans439€4,800
Trade debts44€232,555
Suppliers440/4€232,555
Advances received on contracts in progress46€0
Taxes, remuneration and social security45€32,690
Taxes450/3€32,690
Other amounts payable47/48€453,164
Accrued charges and deferred income492/3€4,878
Line2025
Profit (loss) for the period9904€279,035
+ Depreciation and write-downs630€75,783
Operating cash flow (approximation)€354,818

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Lendelede · 1 establishment unit since 2022
seat establishment approximate The establishment unit on the map
Ground area
4,165 m²
Building footprint
170 m²
Volume, LiDAR
1,090 m³
Parcel 34025C0314/00G000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
DD Vastgoed
Stationsstraat 80 A, 8860 LendeledeReal estate development
since 20222.334.716.160
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34025C0314/00G000 Flanders 4,165 m² 1 · 170 m² 9.8 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Derveaux Invest 99%
  2. TOHO

Highest known parent: Derveaux Invest. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded08-06-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786918141
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.