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Toolstation

Active
Public limited companyfounded 2016active for 10 yearsBoomsesteenweg 58, 2630 Aartselaar, BelgiumKBO/BCE: BE 0663.816.728
Summary

The computed 12-month bankruptcy probability of Toolstation is 2.0% (moderate). The annual accounts of Toolstation for financial year 2024 show a net loss of 108% of total assets and of 189% of the equity at the start of that year. The 2024 annual accounts show equity of €4.2m and a net result of -€8.0m. Equity is growing by about 49% per year across the filed financial years. Its solvency ranks better than 67% of 6,068 sector peers (NACE 46, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale of construction materials, general range
NACE 46831
Fastest staff growth in Aartselaar16 sites
Size
€16.5mturnover 2024
Staff
83.5 FTE
Equity
€4.2m
Loss
-€8.0m
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Parent
Toolstation Europe B.V. · 100%
  • Dr Luke Tristan KellyDirector
  • Toolstation Europe B.V.Director · permanent representative Saskia Oosterhuis
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’EntreprisesAccounts 80 days overdue5 of 12 deeds read
Why 54raises riskFigures for financial year 2024 (filed 08-07-2025)Loss of €8.0m, the second in a row (financial year 2024)lowers riskEquity €4.2m (57.2% of total assets)Liquidity: current ratio 2.12, cash €1.6mShow the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 49% of its sector peers (NACE 46, medium-sized)
Financial strength · tick = 2023
Average
Solvency 82+9
equity 57.2% of total assets
Liquidity 60+9
short-term debt 36.1% · cash 21.3%
Profitability 0=
return on assets -107.9%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (745 companies, NACE 46, medium-sized)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▼ -0.2 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.4%▼ -0.1 percentage points vs 01-2026lowest value 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026 10-2026: 2.0%▲ +1.0 percentage point vs 09-2026highest value
Credit of up to €220,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.12, compared with 1.48 in 2023, above the usual 1.5; short-term debt: 36.1% and cash: 21.3% of total assets), and 42.8% of the assets are financed with debt and provisions.
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 46, medium-sized): better than 71% on solvency, 88% on liquidity, 1% on profitability and 37% on growth.

The bankruptcy probability was computed on 19-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 08-07-2025)
NBB · annual accounts
raises risk · Loss of €8.0m, the second in a row (financial year 2024)
NBB · annual accounts
lowers risk · Equity €4.2m (57.2% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.12, cash €1.6m
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 80 days later.
NBB · 8 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline19-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not filed
2024
24 days early
2023
28 days early
2022
3 days early
2021
23 days early
2020
52 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 22 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Permanent representatives: Saskia Oosterhuis and Phillip…Resignation: Saskia Oosterhuis (permanent representative)
  2. Capital & shares · Amendment of…Capital increase · Capital decrease…
  3. Reappointment: Toolstation Europe B.V. (director)Resignations: Robin Miller (director) and…

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2024 -€8.0m View
  • Caution: Among the weakest 5% on net resultsector median €93,918 · 6,079 companies -€8.0m View
  • Caution: Accounts not fileddeadline was 31-07-2026 80 days late View
  • Controlled by Toolstation Europe B.V. 100% View
  • A director leftlatest change 10-11-2025 · 2 in office 1 left View

By topic

Financials

Financial year
2024
Turnover
€16.5m
Loss
-€8.0m
Solvency
57.2%
Go to Financials

Board & ownership

Board
2 members
Parent
Toolstation Europe B.V. · 100%
Auditor
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
  • Dr Luke Tristan KellyDirector
  • Toolstation Europe B.V.Director
Go to Board & ownership

Timeline

Events
17
Since
2018
  1. 07-07-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 20-12-2024Permanent representative: Robin Huybrechts
Go to Timeline

Company details

Sites
16
Legal form
Public limited company
Activity
Wholesale of construction materials, general rangeNACE 46831
Founded
05-10-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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