Toran

Active

Private limited companyfounded 20224 yrs activeVliegveld 53, 8560 Wevelgem, BelgiumKBO/BCE: BE 0782.893.037

Summary

The computed 12-month bankruptcy probability of Toran is 1.6% (moderate). The 2025 annual accounts show equity of €408k and a net result of €45k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 10359 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

56 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability71▲+1

Solvency44▲+3

Growth78=

Track record94

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €22k at 30 days acceptable

Liquidity tight (current ratio 1.04 against 0.92 in 2024; short-term debt: 25.1% and cash: 3.8% of total assets), and 81% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

19%

Return on assets

2.1%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-03-2026, 133 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

133 d early

2024

35 d early

2023

29 d early

2022

41 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€408k▲ 12.4%

2024 · €363k

2022: €303k 2023: €339k 2024: €363k

2022 → 2025

Total assets

€2.15M▼ 7.2%

2024 · €2.32M

2022: €638k 2023: €852k 2024: €2.32M

2022 → 2025

Net result

€45k▲ 153%

2024 · €18k

2022: €3k 2023: €35k 2024: €18k

2022 → 2025

Working capital

€21k

2024 · €-79k

2022: €122k 2023: €-2k 2024: €-79k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€303k-€339k▲ 11.6%€363k▲ 7.2%€408k▲ 12.4%

Operating result€7k-€58k▲ 690%€40k▼ 31.0%€79k▲ 96.8%

Net result€3k-€35k▲ 909%€18k▼ 49.4%€45k▲ 153%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 97% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.15M

74.0%

26.0%

Fixed assets €1.59M ▲ 16.4%

Current assets €559k ▼ 41.2%

Equity and liabilities €2.15M

19.0%

81.0%

Equity €408k ▲ 12.4%

Debt €1.74M ▼ 10.9%

Debt's share of the balance-sheet total falls from 84.3% to 81.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€306k▲

2024 · €164k

Cash flow

€272k▲

2024 · €142k

Current ratio

1.04▲

2024 · 0.92

Debt to equity

4.26▼

2024 · 5.38

ROE

11.1%▲

2024 · 4.9%

ROA

2.1%▲

2024 · 0.8%

Interest coverage

9.06▲

2024 · 9.05

Debt ≤ 1 year

€538k▼

2024 · €1.03M

Debt > 1 year

€1.20M▲

2024 · €486k

Income taxes

€0▼

2024 · €4k

Staff costs

€144k▼

2024 · €150k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines

Balance sheet Code20242025

Assets

Total assets20/58€2.32M€2.15M▼

Fixed assets21/28€1.37M€1.59M▲

Intangible fixed assets21€553k€455k▼

Tangible fixed assets22/27€811k€1.13M▲

Land and buildings22€15k€0▼

Plant, machinery and equipment23€2k€2k▲

Furniture and vehicles24€723k€1.05M▲

Other tangible fixed assets26€71k€80k▲

Financial fixed assets28€2k€2k=

Current assets29/58€951k€559k▼

Stocks and contracts in progress3€0-

Stocks30/36€0-

Amounts receivable within one year40/41€839k€428k▼

Trade receivables40€796k€395k▼

Other amounts receivable41€43k€33k▼

Cash at bank and in hand54/58€75k€82k▲

Deferred charges and accrued income490/1€37k€48k▲

Equity and liabilities

Total equity and liabilities10/49€2.32M€2.15M▼

Equity10/15€363k€408k▲

Contributions10/11€365k€365k=

Reserves13€39k€43k▲

Distributable reserves133€39k€43k▲

Profit (loss) carried forward14€-41k€0▲

Amounts payable17/49€1.95M€1.74M▼

Amounts payable after more than one year17€486k€1.20M▲

Financial debts170/4€486k€580k▲

Advances received on contracts in progress176-€622k

Amounts payable within one year42/48€1.03M€538k▼

Current portion of amounts payable after more than one year42€125k€164k▲

Financial debts43€130k€125k▼

Credit institutions430/8€130k€125k▼

Trade debts44€670k€207k▼

Suppliers440/4€670k€207k▼

Taxes, remuneration and social security45€51k€43k▼

Taxes450/3€30k€24k▼

Remuneration and social security454/9€21k€19k▼

Other amounts payable47/48€53k€0▼

Accrued charges and deferred income492/3€437k€362▼

Income statement Code20242025

Remuneration, social security and pensions62€150k€144k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€227k▲

Other operating charges640/8€10k€3k▼

Gross operating margin9900€325k€453k▲

Operating profit (loss)9901€40k€79k▲

Financial income75/76B€531€363▼

Recurring financial income75€531€363▼

Non-recurring financial income76B€0-

Financial charges65/66B€18k€34k▲

Recurring financial charges65€18k€34k▲

Profit (loss) for the period before taxes9903€22k€45k▲

Income taxes67/77€4k€0▼

Profit (loss) for the period9904€18k€45k▲

Profit (loss) for the period to be appropriated9905€18k€45k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-41k€5k▲

Profit (loss) brought forward from the previous period14P€-58k€-41k▲

Transfer to equity691/2€0€5k▲

To other reserves6921€0€5k▲

Social balance

Average headcount (FTE)90872.72.4▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 1Gazette 7Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

20-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

03-03

State Gazette act Resignation: Wim Decleer (non-statutory director)

Permanent representative: Soete Arno · Director discharge · Power of attorney6 facts ▸

General meeting, 01/10/2025
Director resignation, Wim Decleer (non-statutory director)
Director discharge, Wim Decleer
Power of attorney, Deseyn & Taelman
Power of attorney, Wim Decleer
Permanent representative, Soete Arno

2025

31-12

Financial Highest result since 2022net €45k ▲153%

Operating result €79k, net result €45k, both a record.

26-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

24-12

State Gazette act Capital & shares · Restructuring

Merger · Capital increase · Share issue14 facts ▸

General meeting, 13/11/2024
Merger, 13/11/2024
Capital increase, €306.593,99
Share issue, new shares, 816
Share cancellation, 900, cancellation of own shares
Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: a) Aanko…
Approval, jaarrekening, 2023-01-01 to 2023-12-31
Power of attorney, DESEYN & TAELMAN BV
Power of attorney, directors of e1 and e2
Accounting effect, 01/01/2024
Reserve release, unavailable reserve lifted and booked to available equity
Exchange ratio, 0.737
+2 further facts in this act

10-09

State Gazette act Restructuring

Merger · Capital · Accounting effect8 facts ▸

Merger
Capital, €300.000
Capital, €360.000
Accounting effect, 01/01/2024
Exchange ratio, 0.737
Shares issued, 816
Profit participation date, 01/01/2024
Cross holding, 900

02-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

20-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

12-05

State Gazette act Resignation: Lambert Marc (director)

Permanent representative: SOETE Arno · Director discharge4 facts ▸

General meeting, 17/03/2023
Director resignation, Lambert Marc (director)
Director discharge, Lambert Marc
Permanent representative, SOETE Arno

2022

13-10

State Gazette act Appointment: Lambert Marc (director)

2 facts ▸

General meeting, 26/08/2022
Director appointment, Lambert Marc (director)

30-08

State Gazette act Registered office

Capital increase · Bank account · Name change7 facts ▸

Capital increase, €210.000
Bank account, Belfius, BE42 0689 4491 8554
Name change, Toran
Registered-office move, Vliegveld 53, 8560 Wevelgem
Statutes amendment
Power of attorney, HXP
Power of attorney, Jeroen Van Gampelaere

08-03

State Gazette act Incorporation

Appointments: DECLEER Wim, MATTHIAS DECLEER and ARNO SOETE · Permanent representatives: DECLEER Matthias and SOETE Arno · Founder12 facts ▸

Incorporation, 03-03-2022
Founder, HELIXPERIENCE
Founding capital, €90.000
Bank account, HXP
Director appointment, DECLEER Wim (non-statutory director)
Director appointment, MATTHIAS DECLEER (non-statutory director)
Permanent representative, DECLEER Matthias
Director appointment, ARNO SOETE (non-statutory director)
Permanent representative, SOETE Arno
Mandate compensation, DECLEER Wim
Mandate compensation, MATTHIAS DECLEER
Mandate compensation, ARNO SOETE

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-10-2025 Wim Decleer: Resigned as Non-statutory director

17-03-2023 LAMBERT Marc: Resigned as Director

26-08-2022 LAMBERT Marc: Appointed as Director

Location & real-estate footprint

Registered office, Wevelgem · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vliegveld 538560 Wevelgem

Ground area

6,024 m²

Building footprint

1,308 m²

Volume, LiDAR

8,090 m³

Parcel 34302B0875/00N012, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Toran

Vliegveld 53, 8560 WevelgemAir transport

since 20222.329.037.306

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34302B0875/00N012	Flanders	6,024 m²	1 · 1,308 m²	7.1 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Articles of association

Purpose

Artikel 3. Voorwerp. De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: a)…

Full purpose

Artikel 3. Voorwerp. De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: a) Aankoop, verkoop, bemiddeling, verhuur van vliegtuigen en helikopters... h) Het verlenen van managementadviezen aan bedrijven...

according to the deed of 10-09-2024