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TOLZAK

Active
Private limited companyfounded 20232 years activeKartuizersstraat 7, 1000 Brussel, BelgiumKBO/BCE: BE 1001.114.333
Summary

The computed 12-month bankruptcy probability of TOLZAK is 6.0% (elevated). The 2024 annual accounts show equity of €32,045 and a net result of €32,045. Its solvency ranks better than 36% of 18,970 sector peers (NACE 56, fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Limited-service restaurants, excluding mobile food services
NACE 56112
1 site
Size
€247,422total assets 2024
Equity
€32,045
Profit
€32,045
Turnover not published (abridged schema)
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.0%
Structure
Accounts filed 74 days late0 of 2 deeds read
Why 37- 1 financial year not filed after the legal deadline; latest accounts 74 days late; 1 of the last 3 late- Figures for FY 2024 (filed 13-10-2025)- Founded in 2023- Sector Food and beverage service activities (NACE 56)Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 50% of its sector peers (NACE 56, micro)
Financial strength
Average
Solvency 38
equity 13.0% of total assets
Liquidity 46
short-term debt 87.0% · cash 35.0%
Profitability 85
return on assets 13.0%
Bankruptcy probability, 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,697 companies)
Last 24 months 11-2024: 7.2% 12-2024: 7.3%▲ +0.1 percentage points vs 11-2024 01-2025: 7.4%▲ +0.1 percentage points vs 12-2024 02-2025: 7.8%▲ +0.4 percentage points vs 01-2025 03-2025: 7.8%● unchanged vs 02-2025 04-2025: 8.3%▲ +0.5 percentage points vs 03-2025 05-2025: 8.6%▲ +0.3 percentage points vs 04-2025 06-2025: 8.6%● unchanged vs 05-2025 07-2025: 8.4%▼ -0.2 percentage points vs 06-2025 08-2025: 8.4%● unchanged vs 07-2025 09-2025: 8.8%▲ +0.4 percentage points vs 08-2025 10-2025: 8.9%▲ +0.1 percentage points vs 09-2025highest value 11-2025: 5.6%▼ -3.3 percentage points vs 10-2025 12-2025: 5.6%● unchanged vs 11-2025 01-2026: 5.6%● unchanged vs 12-2025 02-2026: 5.6%● unchanged vs 01-2026 03-2026: 5.6%● unchanged vs 02-2026 04-2026: 6.3%▲ +0.7 percentage points vs 03-2026 05-2026: 4.1%▼ -2.2 percentage points vs 04-2026 06-2026: 4.0%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 4.1%▲ +0.1 percentage points vs 06-2026 08-2026: 4.9%▲ +0.8 percentage points vs 07-2026 09-2026: 5.2%▲ +0.3 percentage points vs 08-2026 10-2026: 6.0%▲ +0.8 percentage points vs 09-2026
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.92; short-term debt: 87% and cash: 35% of total assets), and 87% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 36% on solvency, 41% on liquidity and 72% on profitability.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 74 days late; 1 of the last 3 late
NBB · filings
raises risk · Figures for FY 2024 (filed 13-10-2025)
NBB · annual accounts
raises risk · Founded in 2023
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Food and beverage service activities (NACE 56)
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 1 filing
Deviation from the deadline
2024
74 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 74 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 74 days View
  • Positive: Among the best 19% on net resultsector median €5,296 · 18,950 companies €32,045 View
  • Total assets 2024first fiscal year filed €247,422 View

By topic

Financials

Fiscal year
2024
Total assets
€247,422
Profit
€32,045
Solvency
13.0%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded
12-10-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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