TORACO
The computed 12-month bankruptcy probability of TORACO is 0.7% (low). The 2024 annual accounts show negative equity (€-14k) and a net result of €5k. Equity is shrinking by ~27% per year across the filed fiscal years. Its solvency ranks better than 8% of 3372 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-14k |
| Net result | €5k |
| Staff (FTE) | 3 |
| Better than sector | 8% |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -4.7% | 55.1% | |
| Net result | €5k | €19k | |
| Equity | €-14k | €45k | |
| Gross operating margin | €214k | €38k | |
| Staff costs | €160k | €14k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €53k |
| Net profit | €5k |
| Cash flow | €40k |
| Staff costs | €160k |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €290k |
| Equity | €-14k |
| Debt | €303k |
| of which ≤ 1y | €216k |
| of which > 1y | €87k |
| Working capital | €-53k |
| Employees (FTE) | 3.0 |
| 2024 | |
|---|---|
| Current ratio | 0.75 |
| Quick ratio | 0.37 |
| Working capital ratio | -18.4% |
| Solvency | -4.7% |
| Debt / equity | -22.29 |
| Long-term debt ratio | -6.40 |
| Interest coverage | 5.57 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.9% |
| ROE | -40.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €290k |
| Fixed assets | 21/28 | €127k |
| Intangible fixed assets | 21 | €41k |
| Tangible fixed assets | 22/27 | €83k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €163k |
| Stocks & contracts in progress | 3 | €82k |
| Amounts receivable within one year | 40/41 | €81k |
| Cash & bank | 54/58 | €72 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €290k |
| Equity | 10/15 | €-14k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-16k |
| Amounts payable | 17/49 | €303k |
| Amounts payable after one year | 17 | €87k |
| Amounts payable within one year | 42/48 | €216k |
| Trade debts payable within one year | 44 | €97k |
| Income statement | ||
| Gross operating margin | 9900 | €214k |
| Operating result | 9901 | €19k |
| Financial income | 75 | €6 |
| Financial charges | 65 | €10k |
| Result before taxes | 9903 | €9k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €5k |
| Result to be appropriated | 9905 | €5k |
| NACE primary | Architecture & engineering(71111) |
| Legal form | Private limited company(610) |
| Incorporation | 22-02-2021 |
| Status | Active |
| Postal code | 3721 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73091A0044/00K000 | Flanders | 585 m² | 1 · 211 m² | 6.5 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
19-07-2022 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Joel Vangronsveld",
"firm_city": null,
"firm_name": null,
"office_city": "Bilzen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-07-19",
"filing_date": "2022-07-15",
"act_kind_objet": "DOEL"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-07-04",
"unanimous": null
},
"agm_change": {
"new_schedule": null,
"old_schedule": null,
"effective_from_year": null,
"rule_changes_summary": "De algemene vergadering neemt kennis van het verslag van het bestuursorgaan aangaande de wijziging van het voorwerp van de vennootschap en geeft haar goedkeuring aan dit verslag."
},
"detected_kind": "agm_rules_change",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0763.897.368",
"name_full": "TORACO",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"een eensluidend afschrift van de akte",
"de geco\u00F6rdineerde statuten",
"verslag van het bestuursorgaan"
],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | TORACO |