TOKA CONSTRUCT
ActiveSummary
TOKA CONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,722 and a net result of €12,469. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-2
Solvency76=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.62 in 2024; short-term debt: 40.7% and cash: 1.9% of total assets), and 49% of the assets are financed with debt.
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Signals
Five 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 · 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
51%
Return on assets
5%
Age of the figures
9 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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
1 d early
2023
on the day
2022
17 d early
2021
31 d late
2020
40 d early
2019
91 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 13 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€127,722▼ 30.3%
2024 · €183,324
Total assets
€250,488▼ 29.9%
2024 · €357,440
Net result
€12,469▼ 50.3%
2024 · €25,095
Working capital
€32,498▼ 63.8%
2024 · €89,819
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€56,197▲ 20.3%€93,639▲ 66.6%€19,766▼ 78.9%€53,122▲ 169%€35,647▼ 32.9%
Net result€33,649▲ 10.5%€63,124▲ 87.6%€8,013▼ 87.3%€25,095▲ 213%€12,469▼ 50.3%
Equity€106,333▲ 46.3%€169,457▲ 59.4%€177,471▲ 4.7%€183,324▲ 3.3%€127,722▼ 30.3%
Total assets€315,011▲ 131%€392,825▲ 24.7%€326,626▼ 16.9%€357,440▲ 9.4%€250,488▼ 29.9%
Debt€208,678▲ 227%€223,368▲ 7.0%€149,156▼ 33.2%€174,116▲ 16.7%€122,767▼ 29.5%
Working capital€68,466▲ 33.4%€132,075▲ 92.9%€103,121▼ 21.9%€89,819▼ 12.9%€32,498▼ 63.8%
Staff (FTE)1.2▲ 20.0%1.4▲ 16.7%1.5▲ 7.1%1.5=1▼ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250,488
Fixed assets
€116,144 ▼ 6.2%
Current assets
€134,344 ▼ 42.5%
Equity and liabilities €250,488
Equity
€127,722 ▼ 30.3%
Debt
€122,767 ▼ 29.5%
Debt's share of the balance-sheet total rises from 48.7% to 49.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€68,029▼
2024 · €75,439
Cash flow
€44,851▼
2024 · €47,412
Current ratio
1.32▼
2024 · 1.62
Quick ratio
1.29▼
2024 · 1.58
Debt to equity
0.96▲
2024 · 0.95
ROE
9.8%▼
2024 · 13.7%
ROA
5.0%▼
2024 · 7.0%
Interest coverage
4.17▲
2024 · 4.15
Debt ≤ 1 year
€101,846▼
2024 · €143,811
Debt > 1 year
€20,921▼
2024 · €30,306
Income taxes
€8,315▼
2024 · €11,717
Staff costs
€52,873▼
2024 · €89,250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €992 | - |
| Remuneration, social security and pensions62 | €59,377 | €68,342 | €89,988 | €89,250 | €52,873 | ▼ 40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,386 | €9,402 | €13,051 | €22,317 | €32,382 | ▲ 45.1% |
| Other operating charges640/8 | €1,281 | €4,105 | €2,860 | €2,794 | €2,739 | ▼ 2.0% |
| Non-recurring operating charges66A | €775 | €0 | €198 | €0 | - | - |
| Gross operating margin9900 | €126,016 | €175,488 | €125,863 | €167,484 | €123,641 | ▼ 26.2% |
| Operating profit (loss)9901 | €56,197 | €93,639 | €19,766 | €53,122 | €35,647 | ▼ 32.9% |
| Financial income75/76B | €231 | €1,021 | €1,954 | €1,856 | €1,433 | ▼ 22.8% |
| Recurring financial income75 | €231 | €1,021 | €1,954 | €1,856 | €1,433 | ▼ 22.8% |
| Financial charges65/66B | €2,368 | €4,828 | €8,404 | €18,166 | €16,297 | ▼ 10.3% |
| Recurring financial charges65 | €2,368 | €4,828 | €8,404 | €18,166 | €16,297 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €54,060 | €89,832 | €13,316 | €36,812 | €20,784 | ▼ 43.5% |
| Income taxes67/77 | €20,411 | €26,708 | €5,303 | €11,717 | €8,315 | ▼ 29.0% |
| Profit (loss) for the period9904 | €33,649 | €63,124 | €8,013 | €25,095 | €12,469 | ▼ 50.3% |
| Profit (loss) for the period to be appropriated9905 | €33,649 | €63,124 | €8,013 | €25,095 | €12,469 | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €315,011 | €392,825 | €326,626 | €357,440 | €250,488 | ▼ 29.9% |
| Fixed assets21/28 | €37,868 | €37,382 | €74,349 | €123,811 | €116,144 | ▼ 6.2% |
| Intangible fixed assets21 | €5,870 | €4,459 | €3,048 | €1,637 | €362 | ▼ 77.9% |
| Tangible fixed assets22/27 | €31,998 | €32,924 | €66,952 | €117,824 | €111,432 | ▼ 5.4% |
| Plant, machinery and equipment23 | €4,931 | €5,249 | €15,659 | €28,942 | €30,281 | ▲ 4.6% |
| Furniture and vehicles24 | €8,906 | €10,610 | €25,182 | €31,326 | €23,878 | ▼ 23.8% |
| Leasing and similar rights25 | - | - | - | €29,518 | €23,348 | ▼ 20.9% |
| Other tangible fixed assets26 | €18,160 | €17,064 | €26,111 | €28,038 | €33,925 | ▲ 21.0% |
| Financial fixed assets28 | - | - | €4,350 | €4,350 | €4,350 | = |
| Current assets29/58 | €277,143 | €355,443 | €252,277 | €233,629 | €134,344 | ▼ 42.5% |
| Amounts receivable after more than one year29 | €15,000 | €73,275 | €91,275 | €56,154 | €35,000 | ▼ 37.7% |
| Other amounts receivable291 | €15,000 | €73,275 | €91,275 | €56,154 | €35,000 | ▼ 37.7% |
| Stocks and contracts in progress3 | €6,133 | €2,165 | €1,616 | €6,832 | €2,597 | ▼ 62.0% |
| Stocks30/36 | €6,133 | €2,165 | €1,616 | €6,832 | €2,597 | ▼ 62.0% |
| Amounts receivable within one year40/41 | €251,914 | €219,342 | €131,086 | €141,285 | €87,983 | ▼ 37.7% |
| Trade receivables40 | €230,753 | €181,437 | €100,778 | €99,083 | €66,188 | ▼ 33.2% |
| Other amounts receivable41 | €21,161 | €37,905 | €30,308 | €42,202 | €21,794 | ▼ 48.4% |
| Cash at bank and in hand54/58 | €819 | €58,304 | €20,849 | €25,331 | €4,858 | ▼ 80.8% |
| Deferred charges and accrued income490/1 | €3,278 | €2,357 | €7,451 | €4,027 | €3,907 | ▼ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €315,011 | €392,825 | €326,626 | €357,440 | €250,488 | ▼ 29.9% |
| Equity10/15 | €106,333 | €169,457 | €177,471 | €183,324 | €127,722 | ▼ 30.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €87,733 | €150,857 | €158,871 | €164,724 | €109,122 | ▼ 33.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €85,873 | €148,997 | €158,871 | €164,724 | €109,122 | ▼ 33.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €208,678 | €223,368 | €149,156 | €174,116 | €122,767 | ▼ 29.5% |
| Amounts payable after more than one year17 | - | - | - | €30,306 | €20,921 | ▼ 31.0% |
| Financial debts170/4 | - | - | - | €30,306 | €20,921 | ▼ 31.0% |
| Amounts payable within one year42/48 | €208,678 | €223,368 | €149,156 | €143,811 | €101,846 | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | €18,798 | €0 | - | €8,634 | €9,385 | ▲ 8.7% |
| Financial debts43 | €5,419 | €13,548 | €13,820 | €28,131 | €31,753 | ▲ 12.9% |
| Credit institutions430/8 | €5,419 | €13,548 | €13,820 | €28,131 | €31,753 | ▲ 12.9% |
| Trade debts44 | €158,223 | €184,206 | €115,210 | €86,901 | €47,586 | ▼ 45.2% |
| Suppliers440/4 | €158,223 | €184,206 | €115,210 | €86,901 | €47,586 | ▼ 45.2% |
| Advances received on contracts in progress46 | - | - | - | €7,716 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €10,588 | €15,759 | €15,931 | €12,430 | €10,256 | ▼ 17.5% |
| Taxes450/3 | €4,749 | €9,759 | €13,506 | €4,104 | €6,530 | ▲ 59.1% |
| Remuneration and social security454/9 | €5,840 | €6,000 | €2,425 | €8,326 | €3,726 | ▼ 55.2% |
| Other amounts payable47/48 | €15,649 | €9,855 | €4,196 | €0 | €2,867 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,649 | €63,124 | €8,013 | €25,095 | €12,469 | ▼ 50.3% |
| + Depreciation and write-downs630 | €8,386 | €9,402 | €13,051 | €22,317 | €32,382 | ▲ 45.1% |
| Operating cash flow (approximation) | €42,035 | €72,526 | €21,064 | €47,412 | €44,851 | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | -€8,916 | -€50,018 | -€71,778 | -€24,715 | ▲ 65.6% |
| Change in cash | - | €57,484 | -€37,454 | €4,482 | -€20,473 | ▼ 557% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €63,124 ▲87.6%
Operating result €93,639, net result €63,124, both a record.
31-12
Financial
Equity above €150,000Eq €169,457 ▲59.4%
5 profitable years in a row build equity to €169,457.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100,000Eq €106,333 ▲46.3%
4 profitable years in a row build equity to €106,333.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €3,847 ▼74.6%
Net result drops to €3,847, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Dilsen-Stokkem · 2 establishment units since 2014
Ground area
2,857 m²
Building footprint
790 m²
Volume, LiDAR
773 m³
2 parcels, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Toka Construct
since 20142.230.039.896
Luxefit By Renée Lanklaar
since 20232.347.285.776
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0298/00R036 | Flanders | 1,460 m² | 1 · 204 m² | 5.8 m · 1 fl. |
| 72005B1352/00C000 | Flanders | 1,397 m² | 1 · 586 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 7,607 EUR awarded · 7,607 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 7,343 EUR | 7,343 EUR |
| 2022 | 1 | 264 EUR | 264 EUR |
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B.C.ALU
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,695 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
Founded19-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550900018
Also
9925:BE0550900018
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.