TORAS
ActiveSummary
TORAS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €37k. Equity is growing by ~169.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+64
Solvency100▲+75
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 23.67 against 1.43 in 2024; short-term debt: 4.2% and cash: 91.2% of total assets), and 4.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
95.8%
Return on assets
86.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
3 d late
2024
3 d early
2023
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 906%
2024 · €4k
2023: €9k
2024: €4k▼ -56.3% vs 2023lowest in 3 years
2025: €41k▲ +906% vs 2024highest in 3 years
2023 → 2025
Total assets
€43k▼ 95.1%
2024 · €888k
2023: €511k
2024: €888k▲ +73.6% vs 2023highest in 3 years
2025: €43k▼ -95.1% vs 2024lowest in 3 years
2023 → 2025
Net result
€37k
2024 · €-5k
2023: €-11klowest in 3 years
2024: €-5k▲ +50.3% vs 2023
2025: €37k▲ +804% vs 2024highest in 3 years
2023 → 2025
Working capital
€41k▼ 84.5%
2024 · €266k
2023: €283khighest in 3 years
2024: €266k▼ -5.9% vs 2023
2025: €41k▼ -84.5% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€9k-€4k▼ 56.3%€41k▲ 906%
2023: €9k
2024: €4k▼ -56.3% vs 2023lowest in 3 years
2025: €41k▲ +906% vs 2024highest in 3 years
Operating result€-8k-€-5k▲ 32.7%€45k
2023: €-8klowest in 3 years
2024: €-5k▲ +32.7% vs 2023
2025: €45k▲ +978% vs 2024highest in 3 years
Net result€-11k-€-5k▲ 50.3%€37k
2023: €-11klowest in 3 years
2024: €-5k▲ +50.3% vs 2023
2025: €37k▲ +804% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €45k after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €43k
Equity
€41k ▲ 906%
Debt
€2k ▼ 99.8%
Debt's share of the balance-sheet total falls from 99.5% to 4.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
23.67▲
2024 · 1.43
Debt to equity
0.04
ROE
90.1%▲
2024 · -128.8%
ROA
86.3%▲
2024 · -0.6%
Debt ≤ 1 year
€2k▼
2024 · €622k
Debt > 1 year
€0▼
2024 · €253k
Income taxes
€8k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€888k€43k▼
Current assets29/58€888k€43k▼
Stocks and contracts in progress3€883k€0▼
Stocks30/36€883k€0▼
Amounts receivable within one year40/41€500€4k▲
Trade receivables40€500€0▼
Other amounts receivable41€0€4k▲
Cash at bank and in hand54/58€4k€39k▲
Equity and liabilities
Total equity and liabilities10/49€888k€43k▼
Equity10/15€4k€41k▲
Contributions10/11€20k€20k=
Reserves13-€21k
Distributable reserves133-€21k
Profit (loss) carried forward14€-16k€0▲
Amounts payable17/49€884k€2k▼
Amounts payable after more than one year17€253k€0▼
Financial debts170/4€253k€0▼
Amounts payable within one year42/48€622k€2k▼
Current portion of amounts payable after more than one year42€17k€0▼
Trade debts44€16k€2k▼
Suppliers440/4€16k€2k▼
Taxes, remuneration and social security45€5k€0▼
Taxes450/3€5k€0▼
Other amounts payable47/48€582k€0▼
Accrued charges and deferred income492/3€9k€0▼
Income statement
Code20242025
Other operating charges640/8€141€0▼
Gross operating margin9900€-5k€45k▲
Operating profit (loss)9901€-5k€45k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€126€104▼
Recurring financial charges65€126€104▼
Profit (loss) for the period before taxes9903€-5k€45k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€-5k€37k▲
Profit (loss) for the period to be appropriated9905€-5k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€21k▲
Profit (loss) brought forward from the previous period14P€-11k€-16k▼
Transfer to equity691/2-€21k
To other reserves6921-€21k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €50 | €141 | €0 | ▼ 100% |
| Gross operating margin9900 | €-8k | €-5k | €45k | ▲ 1,002% |
| Operating profit (loss)9901 | €-8k | €-5k | €45k | ▲ 978% |
| Financial income75/76B | €10 | €0 | - | - |
| Recurring financial income75 | €10 | €0 | - | - |
| Financial charges65/66B | €3k | €126 | €104 | ▼ 17.3% |
| Recurring financial charges65 | €3k | €126 | €104 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €-11k | €-5k | €45k | ▲ 955% |
| Income taxes67/77 | - | - | €8k | - |
| Profit (loss) for the period9904 | €-11k | €-5k | €37k | ▲ 804% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-5k | €37k | ▲ 804% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €511k | €888k | €43k | ▼ 95.1% |
| Current assets29/58 | €511k | €888k | €43k | ▼ 95.1% |
| Stocks and contracts in progress3 | €493k | €883k | €0 | ▼ 100% |
| Stocks30/36 | €493k | €883k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €78 | €500 | €4k | ▲ 660% |
| Trade receivables40 | - | €500 | €0 | ▼ 100% |
| Other amounts receivable41 | €78 | €0 | €4k | - |
| Cash at bank and in hand54/58 | €19k | €4k | €39k | ▲ 899% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €511k | €888k | €43k | ▼ 95.1% |
| Equity10/15 | €9k | €4k | €41k | ▲ 906% |
| Contributions10/11 | €20k | €20k | €20k | = |
| Reserves13 | - | - | €21k | - |
| Distributable reserves133 | - | - | €21k | - |
| Profit (loss) carried forward14 | €-11k | €-16k | €0 | ▲ 100% |
| Amounts payable17/49 | €502k | €884k | €2k | ▼ 99.8% |
| Amounts payable after more than one year17 | €270k | €253k | €0 | ▼ 100% |
| Financial debts170/4 | €270k | €253k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €229k | €622k | €2k | ▼ 99.7% |
| Current portion of amounts payable after more than one year42 | €17k | €17k | €0 | ▼ 100% |
| Trade debts44 | €675 | €16k | €2k | ▼ 88.9% |
| Suppliers440/4 | €675 | €16k | €2k | ▼ 88.9% |
| Taxes, remuneration and social security45 | - | €5k | €0 | ▼ 100% |
| Taxes450/3 | - | €5k | €0 | ▼ 100% |
| Other amounts payable47/48 | €211k | €582k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €4k | €9k | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-5k | €37k | ▲ 804% |
| Operating cash flow (approximation) | €-11k | €-5k | €37k | ▲ 804% |
| Change in cash | - | €-15k | €35k | ▲ 340% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €37k
Net result €37k after 2 loss-making years.
31-12
Financial
Liquidity times 17current ratio 23.67
Current ratio from 1.43 to 23.67; short-term debt falls from €622k to €2k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2022
Ground area
2,156 m²
Building footprint
95 m²
Volume, LiDAR
1,066 m³
Parcel 44816K0663/00F002, Flanders · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
TORAS
since 20222.339.825.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0663/00F002 | Flanders | 2,156 m² | 1 · 95 m² | 11.8 m · 4 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,130 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
Founded09-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.