TOR (0678.638.130): financials and annual accounts

TOR

Ostend ·KBO/BCE: BE 0678.638.130

Line	2025	2024	2023	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	185,214	452,306	358,086	496,963	472,220	433,548	206,043	178,378
Fixed assets`21/28`	113,267	398,893	330,730	420,936	428,459	354,439	156,066	159,820
Tangible fixed assets`22/27`	113,267	398,893	330,730	420,936	428,459	354,439	156,066	159,820
Land and buildings`22`	100,502	386,248	273,372	380,977	376,406	289,086	130,020	131,920
Plant, machinery and equipment`23`	11,531	12,645	13,845	15,581	18,225	21,792	24,528	25,782
Furniture and vehicles`24`	1,233	0	43,513	24,378	33,829	43,561	1,519	2,119
Current assets`29/58`	71,948	53,413	27,356	76,027	43,761	79,108	49,976	18,557
Amounts receivable within one year`40/41`	66,594	13,252	9,060	19,615	16,746	29,942	29,608	2,598
Trade receivables`40`	-	0	4,068	16,659	13,746	4,623	28,985	1,974
Other amounts receivable`41`	66,594	13,252	4,992	2,956	3,000	25,319	623	623
Cash at bank and in hand`54/58`	5,354	40,161	18,296	56,412	27,016	49,167	20,368	15,871
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	89
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	185,214	452,306	358,086	496,963	472,220	433,548	206,043	178,378
Equity`10/15`	148,677	89,309	69,575	56,967	51,267	42,157	25,387	16,732
Contributions`10/11`	18,600	15,600	15,600	15,600	15,600	15,600	15,600	15,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	3,000	3,000
Reserves`13`	130,077	73,709	1,132	1,132	1,132	1,132	1,132	1,132
Non-distributable reserves`130/1`	1,132	1,132	1,132	1,132	1,132	1,132	-	-
Legal reserve`130`	-	-	-	-	-	-	1,132	1,132
Reserves not available under the articles`1311`	1,132	1,132	1,132	1,132	1,132	1,132	-	-
Distributable reserves`133`	128,946	72,578	-	-	-	-	-	-
Profit (loss) carried forward`14`	0	0	52,843	40,235	34,535	25,425	8,655	-
Amounts payable`17/49`	36,537	362,997	288,511	439,996	420,954	391,391	180,656	161,646
Amounts payable after more than one year`17`	0	87,006	111,662	118,729	134,870	147,265	117,180	117,180
Financial debts`170/4`	0	87,006	111,662	118,729	134,870	147,265	117,180	117,180
Amounts payable within one year`42/48`	36,537	275,992	172,501	316,570	281,387	241,906	62,657	43,752
Current portion of amounts payable after more than one year`42`	0	24,656	25,958	21,756	26,332	31,446	16,000	40,128
Trade debts`44`	7,746	3,330	1,260	30,223	6,797	176,502	34,973	1,347
Suppliers`440/4`	7,746	3,330	1,260	30,223	6,797	176,502	34,973	1,347
Taxes, remuneration and social security`45`	8,732	13,693	11,903	8,191	4,571	1,560	2,481	-
Taxes`450/3`	8,732	13,693	11,903	8,191	4,571	1,560	2,481	-
Other amounts payable`47/48`	20,059	234,313	133,379	256,400	243,687	32,398	9,203	2,276
Accrued charges and deferred income`492/3`	-	-	4,349	4,697	4,697	2,219	819	714
Income statement
Non-recurring operating income`76A`	16,560	80,837	-	-	-	-	-	-
Gross operating margin`9900`	148,507	88,377	17,225	14,649	44,046	63,540	43,561	36,143
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	23
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	8,421	15,012	28,090	32,431	28,538	18,320	10,934	14,038
Other operating charges`640/8`	2,604	31,889	2,109	2,916	13,597	5,317	18,642	20,142
Non-recurring operating charges`66A`	2,005	16,789	-	-	-	-	-	-
Operating profit (loss)`9901`	135,476	24,687	-12,975	-20,698	1,911	39,903	13,984	1,940
Financial income`75/76B`	492	3,061	6,261	10,710	1,163	2	219	108
Recurring financial income`75`	492	3,061	5,639	10,710	1,163	2	219	108
Non-recurring financial income`76B`	-	-	622	-	-	-	-	-
Financial charges`65/66B`	5,526	5,555	5,036	3,037	3,228	3,057	3,168	917
Recurring financial charges`65`	5,526	5,555	4,338	3,037	2,867	3,057	3,168	917
Non-recurring financial charges`66B`	-	-	698	-	361	-	-	-
Profit (loss) for the period before taxes`9903`	130,443	22,193	-11,750	-13,025	-154	36,849	11,035	1,132
Income taxes`67/77`	29,075	2,458	56	3,021	736	79	2,380	-
Profit (loss) for the period`9904`	101,368	19,735	-11,806	-16,046	-890	36,770	8,655	1,132
Profit (loss) for the period to be appropriated`9905`	101,368	19,735	-11,806	-16,046	-890	36,770	8,655	1,132
Appropriation of the result
Profit (loss) to be appropriated`9906`	101,368	19,735	52,843	20,235	24,535	45,425	8,655	1,132
Profit (loss) brought forward from the previous period`14P`	-	-	64,649	36,281	25,425	-	-	-
Transfer from equity`791/2`	72,578	52,843	-	-	-	-	-	-
Transfer to equity`691/2`	128,946	72,578	-	-	-	-	-	1,132
To the legal reserve`6920`	-	-	-	-	-	-	-	1,132
To other reserves`6921`	128,946	72,578	-	-	-	-	-	-
Shareholders' contribution to the loss`794`	-	-	-	20,000	10,000	-	-	-
Profit to be distributed`694/7`	45,000	-	-	-	-	20,000	-	-
Return on contributions (dividend)`694`	45,000	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	20,000	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-07-2026	2026-00351964	PDF
31-12-2024	micro format	03-07-2025	2025-00222262	PDF
31-12-2023	abbreviated format	19-07-2024	2024-00263127	PDF
31-12-2022	micro format	11-07-2023	2023-00224445	PDF
31-12-2021	micro format	28-07-2022	2022-20260143	PDF
31-12-2020	micro format	21-06-2021	2021-22400361	PDF
31-12-2019	micro format	25-08-2020	2020-45100571	PDF
31-12-2018	micro format	27-06-2019	2019-23600363	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018
Investment in fixed assets	1,468	284,255	53,987	24,908	102,558	216,693	7,180	173,858
Change in cash	-34,807	21,865	-38,116	29,396	-22,151	28,799	4,497	-
Solvency	80.3%	19.7%	19.4%	11.5%	10.9%	9.7%	12.3%	9.4%
ROE	68.2%	22.1%	-17.0%	-28.2%	-1.7%	87.2%	34.1%	6.8%
ROA	54.7%	4.4%	-3.3%	-3.2%	-0.2%	8.5%	4.2%	0.6%

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	€137,620	-	-
Mortgages, amount registered	-	€150,000	€150,000	-	-
Carrying value of the mortgaged assets	-	€386,248	€273,372	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,468	€284,255	€53,987	€24,908	€102,558
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€8,421	€15,012	€28,090	€32,431	€28,538

TOR

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency80.3%

Return on assets54.7%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on TOR

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