TOOLSPOT
ActiveSummary
TOOLSPOT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237,737 and a net result of €72,499. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+19
Solvency54▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.18 in 2024; short-term debt: 50.2% and cash: 14.6% of total assets), but 71.2% of the assets are financed with debt.
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Signals
Three 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
28.8%
Return on assets
8.8%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
5 d early
2023
26 d early
2022
32 d late
2021
12 d early
2020
19 d early
2019
19 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 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€237,737▼ 39.8%
2024 · €395,238
Total assets
€824,714▼ 20.6%
2024 · €1.0m
Net result
€72,499▲ 14.6%
2024 · €63,286
Working capital
€393,672▼ 27.6%
2024 · €543,847
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€65,257▼ 23.6%€95,514▲ 46.4%€88,301▼ 7.6%€106,002▲ 20.0%€103,077▼ 2.8%
Net result€48,500within the sector's middle half▼ 18.1%€68,305within the sector's middle half▲ 40.8%€56,867within the sector's middle half▼ 16.7%€63,286within the sector's middle half▲ 11.3%€72,499within the sector's middle half▲ 14.6%
Equity€206,781within the sector's middle half▲ 30.6%€275,085within the sector's middle half▲ 33.0%€331,952within the sector's middle half▲ 20.7%€395,238within the sector's middle half▲ 19.1%€237,737within the sector's middle half▼ 39.8%
Total assets€809,733within the sector's middle half▲ 2.6%€936,068within the sector's middle half▲ 15.6%€1.0mwithin the sector's middle half▲ 6.9%€1.0mwithin the sector's middle half▲ 3.8%€824,714within the sector's middle half▼ 20.6%
Debt€602,952▼ 4.5%€660,983▲ 9.6%€668,542▲ 1.1%€643,087▼ 3.8%€586,977▼ 8.7%
Working capital€422,813within the sector's middle half▼ 4.4%€471,602above the sector's middle half▲ 11.5%€514,079above the sector's middle half▲ 9.0%€543,847above the sector's middle half▲ 5.8%€393,672within the sector's middle half▼ 27.6%
Solvency25.5%within the sector's middle half▲ 5.5pp29.4%within the sector's middle half▲ 3.9pp33.2%within the sector's middle half▲ 3.8pp38.1%within the sector's middle half▲ 4.9pp28.8%within the sector's middle half▼ 9.2pp
Current ratio2.27within the sector's middle half▼ 0.092.15within the sector's middle half▼ 0.122.16within the sector's middle half▲ 0.012.18within the sector's middle half▲ 0.031.95within the sector's middle half▼ 0.23
Return on assets (ROA)6.0%within the sector's middle half▼ 1.5pp7.3%within the sector's middle half▲ 1.3pp5.7%within the sector's middle half▼ 1.6pp6.1%within the sector's middle half▲ 0.4pp8.8%within the sector's middle half▲ 2.7pp
Staff (FTE)1.6below the sector's middle half▼ 15.8%1.6below the sector's middle half=2.4within the sector's middle half▲ 50.0%2.6within the sector's middle half▲ 8.3%2.1within the sector's middle half▼ 19.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €824,714
Fixed assets
€17,442 ▼ 49.7%
Current assets
€807,271 ▼ 19.6%
Equity and liabilities €824,714
Equity
€237,737 ▼ 39.8%
Debt
€586,977 ▼ 8.7%
Debt's share of the balance-sheet total rises from 61.9% to 71.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€120,288▼
2024 · €122,765
Cash flow
€89,710▲
2024 · €80,050
Quick ratio
0.73▼
2024 · 0.86
Debt to equity
2.47▲
2024 · 1.63
ROE
30.5%▲
2024 · 16.0%
Interest coverage
5.68▲
2024 · 3.76
Debt ≤ 1 year
€413,600▼
2024 · €459,825
Debt > 1 year
€156,374▼
2024 · €162,276
Income taxes
€21,817▲
2024 · €20,725
Staff costs
€113,368▲
2024 · €110,856
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €56,850 | €102,122 | €111,400 | €110,856 | €113,368 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,551 | €19,323 | €15,399 | €16,764 | €17,211 | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€431 | €0 | - | €19,700 | €47,800 | ▲ 143% |
| Other operating charges640/8 | €1,567 | €2,624 | €1,948 | €2,836 | €1,929 | ▼ 32.0% |
| Gross operating margin9900 | €135,795 | €219,583 | €217,049 | €256,157 | €283,385 | ▲ 10.6% |
| Operating profit (loss)9901 | €65,257 | €95,514 | €88,301 | €106,002 | €103,077 | ▼ 2.8% |
| Financial income75/76B | €11,480 | €8,996 | €10,527 | €10,685 | €12,411 | ▲ 16.1% |
| Recurring financial income75 | €11,480 | €8,996 | €10,527 | €10,685 | €12,411 | ▲ 16.1% |
| Financial charges65/66B | €14,060 | €16,204 | €22,771 | €32,676 | €21,172 | ▼ 35.2% |
| Recurring financial charges65 | €14,060 | €16,204 | €22,771 | €32,676 | €21,172 | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | €62,676 | €88,306 | €76,058 | €84,011 | €94,316 | ▲ 12.3% |
| Income taxes67/77 | €14,176 | €20,002 | €19,191 | €20,725 | €21,817 | ▲ 5.3% |
| Profit (loss) for the period9904 | €48,500 | €68,305 | €56,867 | €63,286 | €72,499 | ▲ 14.6% |
| Profit (loss) for the period to be appropriated9905 | €48,500 | €68,305 | €56,867 | €63,286 | €72,499 | ▲ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €809,733 | €936,068 | €1.0m | €1.0m | €824,714 | ▼ 20.6% |
| Fixed assets21/28 | €53,243 | €53,182 | €42,363 | €34,653 | €17,442 | ▼ 49.7% |
| Intangible fixed assets21 | €545 | €14,273 | €11,096 | €7,920 | €4,743 | ▼ 40.1% |
| Tangible fixed assets22/27 | €49,073 | €35,283 | €27,641 | €23,108 | €9,074 | ▼ 60.7% |
| Plant, machinery and equipment23 | €11,793 | €8,044 | €9,277 | €13,378 | €7,782 | ▼ 41.8% |
| Furniture and vehicles24 | €37,280 | €27,239 | €18,364 | €9,730 | €1,292 | ▼ 86.7% |
| Financial fixed assets28 | €3,625 | €3,625 | €3,625 | €3,625 | €3,625 | = |
| Current assets29/58 | €756,490 | €882,886 | €958,130 | €1.0m | €807,271 | ▼ 19.6% |
| Stocks and contracts in progress3 | €611,779 | €646,038 | €639,221 | €606,028 | €505,386 | ▼ 16.6% |
| Stocks30/36 | €611,779 | €646,038 | €639,221 | €606,028 | €505,386 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €119,652 | €178,001 | €165,440 | €178,333 | €180,640 | ▲ 1.3% |
| Trade receivables40 | €105,690 | €163,935 | €154,222 | €163,337 | €162,606 | ▼ 0.4% |
| Other amounts receivable41 | €13,961 | €14,065 | €11,218 | €14,996 | €18,034 | ▲ 20.3% |
| Cash at bank and in hand54/58 | €24,348 | €58,848 | €152,811 | €218,577 | €120,491 | ▼ 44.9% |
| Deferred charges and accrued income490/1 | €711 | €0 | €659 | €734 | €754 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €809,733 | €936,068 | €1.0m | €1.0m | €824,714 | ▼ 20.6% |
| Equity10/15 | €206,781 | €275,085 | €331,952 | €395,238 | €237,737 | ▼ 39.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €188,181 | €256,485 | €313,352 | €376,638 | €219,137 | ▼ 41.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €186,321 | €254,625 | €313,352 | €376,638 | €219,137 | ▼ 41.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €602,952 | €660,983 | €668,542 | €643,087 | €586,977 | ▼ 8.7% |
| Amounts payable after more than one year17 | €258,000 | €235,977 | €210,224 | €162,276 | €156,374 | ▼ 3.6% |
| Financial debts170/4 | €258,000 | €235,977 | €210,224 | €162,276 | €156,374 | ▼ 3.6% |
| Amounts payable within one year42/48 | €333,677 | €411,284 | €444,052 | €459,825 | €413,600 | ▼ 10.1% |
| Current portion of amounts payable after more than one year42 | - | €5,680 | €5,753 | €5,827 | €5,902 | ▲ 1.3% |
| Trade debts44 | €737 | €20,242 | €27,890 | €13,809 | €21,545 | ▲ 56.0% |
| Suppliers440/4 | €737 | €20,242 | €27,890 | €13,809 | €21,545 | ▲ 56.0% |
| Taxes, remuneration and social security45 | €25,792 | €37,376 | €43,308 | €59,727 | €53,619 | ▼ 10.2% |
| Taxes450/3 | €15,940 | €24,663 | €26,231 | €41,659 | €38,850 | ▼ 6.7% |
| Remuneration and social security454/9 | €9,852 | €12,713 | €17,077 | €18,068 | €14,769 | ▼ 18.3% |
| Other amounts payable47/48 | €307,148 | €347,986 | €367,100 | €380,463 | €332,534 | ▼ 12.6% |
| Accrued charges and deferred income492/3 | €11,275 | €13,722 | €14,266 | €20,986 | €17,003 | ▼ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,500 | €68,305 | €56,867 | €63,286 | €72,499 | ▲ 14.6% |
| + Depreciation and write-downs630 | €12,551 | €19,323 | €15,399 | €16,764 | €17,211 | ▲ 2.7% |
| Operating cash flow (approximation) | €61,052 | €87,627 | €72,266 | €80,050 | €89,710 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€19,262 | -€4,581 | -€9,054 | €0 | ▲ 100% |
| Change in cash | - | €34,499 | €93,963 | €65,766 | -€98,086 | ▼ 249% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €72,499 ▲14.6%
Net result €72,499, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €206,781 ▲30.6%
4 profitable years in a row build equity to €206,781.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €158,280 ▲59.8%
3 profitable years in a row build equity to €158,280.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
14-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Oostende · 1 establishment unit since 2016
Ground area
1,496 m²
Building footprint
666 m²
Volume, LiDAR
4,165 m³
Parcel 35382A0178/00C000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TOOLSPOT DEWULF
since 20162.249.237.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382A0178/00C000 | Flanders | 1,496 m² | 1 · 666 m² | 11.7 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 8,875 EUR awarded · 8,875 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 8,500 EUR | 8,500 EUR |
| 2023 | 1 | 375 EUR | 375 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 live approvalOnthaal, organisatie en sales duaal (so)
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Of 300 companies in sector 47525 we hold annual accounts for 206. 173 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
Founded08-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
47525Retail trade
46841Wholesale trade
47120Other non-specialised retail sale
47529Retail trade
47540Retail sale of electrical household appliances
Contact
Phone
059324863
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645771362
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.