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TOITEX

Active
Public limited companyfounded 198738 yrs activeCh.des Lavandières, M.-St-Blaise 19, 5560 Houyet, BelgiumKBO/BCE: BE 0432.259.219
Summary

TOITEX has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238,704 and a net result of €8,942. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability47▲+1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 18.43; short-term debt: 1.8% of total assets), and 1.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
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
98.2%
Return on assets
3.7%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 filings
Deviation from the deadline
2025
30 d late
2024
58 d late
2023
31 d late
2022
31 d late
2021
78 d late
2020
60 d late
2019
92 d late
← 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 54 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 1 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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

TOITEX was incorporated on 24 October 1987.1 Total assets fell from EUR 684,593 in 2018 to EUR 243,023 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,942▲ 10.5%
2024 · €8,090
Working capital
€75,308▲ 30.5%
2024 · €57,728
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€713-€33,468€4,202€8,090▲ 92.5%€8,942▲ 10.5%
Net result€1,825within the sector's middle half-€33,531below the sector's middle half€4,177within the sector's middle half€8,090within the sector's middle half▲ 93.7%€8,942within the sector's middle half▲ 10.5%
Equity€251,025above the sector's middle half▲ 0.7%€217,495above the sector's middle half▼ 13.4%€221,672above the sector's middle half▲ 1.9%€229,761above the sector's middle half▲ 3.6%€238,704within the sector's middle half▲ 3.9%
Total assets€261,306within the sector's middle half▼ 25.2%€257,658within the sector's middle half▼ 1.4%€237,492within the sector's middle half▼ 7.8%€230,281within the sector's middle half▼ 3.0%€243,023below the sector's middle half▲ 5.5%
Debt€10,281▼ 85.4%€40,163▲ 291%€15,820▼ 60.6%€519▼ 96.7%€4,320▲ 732%
Working capital€51,402within the sector's middle half▼ 23.3%€27,068within the sector's middle half▼ 47.3%€40,442within the sector's middle half▲ 49.4%€57,728within the sector's middle half▲ 42.7%€75,308within the sector's middle half▲ 30.5%
Solvency96.1%above the sector's middle half▲ 24.7pp84.4%above the sector's middle half▼ 11.7pp93.3%above the sector's middle half▲ 8.9pp99.8%above the sector's middle half▲ 6.4pp98.2%above the sector's middle half▼ 1.6pp
Current ratio6.00above the sector's middle half▲ 4.051.67within the sector's middle half▼ 4.333.56above the sector's middle half▲ 1.8818.43above the sector's middle half
Return on assets (ROA)0.7%below the sector's middle half▲ 22.2pp-13.0%below the sector's middle half▼ 13.7pp1.8%within the sector's middle half▲ 14.8pp3.5%within the sector's middle half▲ 1.8pp3.7%within the sector's middle half▲ 0.2pp
Staff (FTE)
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0Operating result 2021: €713€713Net result 2021: €1,825€1,825Operating result 2022: -€33,468-€33,468Net result 2022: -€33,531-€33,531Operating result 2023: €4,202€4,202Net result 2023: €4,177€4,177Operating result 2024: €8,090€8,090Net result 2024: €8,090€8,090Operating result 2025: €8,942€8,942Net result 2025: €8,942€8,94220212022202320242025€0€2,500€5,000€7,500€10,000Operating result 2023: €4,202€4,200Net result 2023: €4,177€4,180Operating result 2024: €8,090€8,090Net result 2024: €8,090€8,090Operating result 2025: €8,942€8,940Net result 2025: €8,942€8,940202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,023
Fixed assets €163,396 ▼ 5.0%
Current assets €79,627 ▲ 36.7%
Equity and liabilities €243,023
Equity €238,704 ▲ 3.9%
Debt €4,320 ▲ 732%
Debt's share of the balance-sheet total rises from 0.2% to 1.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€17,580▲
2024 · €17,287
Cash flow
€17,580▲
2024 · €17,287
Quick ratio
17.80
Debt to equity
0.02▲
2024 · 0.00
ROE
3.7%▲
2024 · 3.5%
Debt ≤ 1 year
€4,320▲
2024 · €519
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 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% 1.8%
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 17,040 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 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€230,281€243,023▲
Fixed assets21/28€172,033€163,396▼
Tangible fixed assets22/27€172,033€163,396▼
Land and buildings22€172,033€163,396▼
Current assets29/58€58,247€79,627▲
Stocks and contracts in progress3€2,758€2,758=
Stocks30/36€2,758€2,758=
Amounts receivable within one year40/41€55,489€76,869▲
Other amounts receivable41€55,489€76,869▲
Equity and liabilities
Total equity and liabilities10/49€230,281€243,023▲
Equity10/15€229,761€238,704▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€167,761€176,704▲
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€161,561€170,504▲
Amounts payable17/49€519€4,320▲
Amounts payable within one year42/48€519€4,320▲
Trade debts44€90-
Suppliers440/4€90-
Taxes, remuneration and social security45€429€4,320▲
Taxes450/3€429€4,320▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,197€8,638▼
Other operating charges640/8€2,839€2,924▲
Gross operating margin9900€20,126€20,503▲
Operating profit (loss)9901€8,090€8,942▲
Profit (loss) for the period before taxes9903€8,090€8,942▲
Profit (loss) for the period9904€8,090€8,942▲
Profit (loss) for the period to be appropriated9905€8,090€8,942▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,090€8,942▲
Transfer to equity691/2€8,090€8,942▲
To other reserves6921€8,090€8,942▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,947€9,197€9,197€9,197€8,638▼ 6.1%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€29,362-----
Other operating charges640/8€34,695€3,183€3,331€2,839€2,924▲ 3.0%
Non-recurring operating charges66A€200-----
Gross operating margin9900€18,193-€21,088€16,730€20,126€20,503▲ 1.9%
Operating profit (loss)9901€713-€33,468€4,202€8,090€8,942▲ 10.5%
Financial income75/76B€1,119-----
Recurring financial income75€6-----
Non-recurring financial income76B€1,113-----
Financial charges65/66B€5€63€25---
Recurring financial charges65€5€63€25---
Profit (loss) for the period before taxes9903€1,827-€33,531€4,177€8,090€8,942▲ 10.5%
Income taxes67/77€2-----
Profit (loss) for the period9904€1,825-€33,531€4,177€8,090€8,942▲ 10.5%
Profit (loss) for the period to be appropriated9905€1,825-€33,531€4,177€8,090€8,942▲ 10.5%
Line20212022202320242025Change
Assets
Total assets20/58€261,306€257,658€237,492€230,281€243,023▲ 5.5%
Fixed assets21/28€199,624€190,427€181,230€172,033€163,396▼ 5.0%
Tangible fixed assets22/27€199,624€190,427€181,230€172,033€163,396▼ 5.0%
Land and buildings22€199,624€190,427€181,230€172,033€163,396▼ 5.0%
Current assets29/58€61,682€67,231€56,262€58,247€79,627▲ 36.7%
Stocks and contracts in progress3€2,758€2,758€2,758€2,758€2,758=
Stocks30/36€2,758€2,758€2,758€2,758€2,758=
Amounts receivable within one year40/41€53,726€64,473€53,504€55,489€76,869▲ 38.5%
Trade receivables40€37,929€35,540----
Other amounts receivable41€15,797€28,933€53,504€55,489€76,869▲ 38.5%
Cash at bank and in hand54/58€5,134-----
Deferred charges and accrued income490/1€64-----
Equity and liabilities
Total equity and liabilities10/49€261,306€257,658€237,492€230,281€243,023▲ 5.5%
Equity10/15€251,025€217,495€221,672€229,761€238,704▲ 3.9%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€189,025€155,495€159,672€167,761€176,704▲ 5.3%
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133€182,825€149,295€153,472€161,561€170,504▲ 5.5%
Amounts payable17/49€10,281€40,163€15,820€519€4,320▲ 732%
Amounts payable within one year42/48€10,281€40,163€15,820€519€4,320▲ 732%
Trade debts44€9,678€36,381€15,820€90--
Suppliers440/4€9,678€36,381€15,820€90--
Taxes, remuneration and social security45-€3,097-€429€4,320▲ 907%
Taxes450/3-€3,097-€429€4,320▲ 907%
Other amounts payable47/48€603€685----
Line20212022202320242025Change
Profit (loss) for the period9904€1,825-€33,531€4,177€8,090€8,942▲ 10.5%
+ Depreciation and write-downs630€11,947€9,197€9,197€9,197€8,638▼ 6.1%
Operating cash flow (approximation)€13,773-€24,334€13,374€17,287€17,580▲ 1.7%
Investment in fixed assets (approximation)-€0€0€0€0-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial Highest result since 2018net €8,942 ▲10.5%
Operating result €8,942, net result €8,942, both a record.
27-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial Liquidity times 32current ratio 112.19
Current ratio from 3.56 to 112.19; short-term debt falls from €15,820 to €519.
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial Back to profitnet €4,177
Net result €4,177 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 3.56
Current ratio from 1.67 to 3.56; short-term debt falls from €40,163 to €15,820.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
17-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial Back to profitnet €1,825
Net result €1,825 after 2 loss-making years.
31-12
Financial Liquidity triplescurrent ratio 6.00
Current ratio from 1.95 to 6.00; short-term debt falls from €70,548 to €10,281.
29-09
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 60 days late
Show earlier events
2020
31-12
Financial Weakest financial yearnet -€75,079
Net result drops to -€75,079, the lowest in the series; recovery starts the following year.
31-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
27-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
26-07
NBB filing Annual accounts filed
fiscal year 2016 · full 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.

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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, Houyet · 1 establishment unit since 1987
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.

Ch.des Lavandières, M.-St-Blaise 195560 Houyet
1 establishment unit
TOITEX
Ch.des Lavandières, M.-St-Blaise 19, 5560 HouyetNACE 2875504
since 19872.029.946.615

Structure & network

Owners and holdings

1 owner

Chain of control

  1. TOITURES TUSSET 100%
  2. TOITEX

Highest known parent: TOITURES TUSSET. 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.

Similar companies · same sector, comparable size

Of 8,568 companies in sector 43410 we hold annual accounts for 4,369. 3,511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43221Plumbing work
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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

Register as of 30 September 2026 · Peppol Directory

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