Toraxx
ActiveSummary
Toraxx has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349,259 and a net result of €95,101. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 988 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
What stands out
Overview
0 of 4 deeds readAccounts 1 d earlyTurnover not published (abridged schema)
Why 83- Higher-failure-rate sector- Multiple establishment units+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+15
Solvency87▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.15 in 2024; short-term debt: 33.6% and cash: 38.9% of total assets), and 38.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
61.7%
Return on assets
16.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
42 d early
2023
33 d early
2022
1 d early
2021
10 d early
2020
89 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 21 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2019net €95,101 ▲318%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €565,825Profit €95,101Solvency 61.7%Liquidity 2.46
Total assets
€565,825▲ 25.1%
2019 - 2025
Net result
€95,101▲ 318%
2019 - 2025
Equity
€349,259▲ 37.4%
2019 - 2025
Solvency
61.7%▲ 5.6pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,355▲ 138%€53,490▲ 10.6%€60,893▲ 13.8%€35,247▼ 42.1%€136,451▲ 287%
Net result€39,388above the sector's middle half▲ 236%€47,644above the sector's middle half▲ 21.0%€39,814above the sector's middle half▼ 16.4%€22,726within the sector's middle half▼ 42.9%€95,101above the sector's middle half▲ 318%
Equity€143,973within the sector's middle half▲ 37.7%€191,617above the sector's middle half▲ 33.1%€231,431above the sector's middle half▲ 20.8%€254,157above the sector's middle half▲ 9.8%€349,259above the sector's middle half▲ 37.4%
Total assets€254,964within the sector's middle half▼ 2.2%€392,807within the sector's middle half▲ 54.1%€431,616within the sector's middle half▲ 9.9%€452,470within the sector's middle half▲ 4.8%€565,825above the sector's middle half▲ 25.1%
Debt€105,928▼ 29.9%€196,127▲ 85.2%€195,122▼ 0.5%€193,250▼ 1.0%€211,504▲ 9.4%
Working capital€125,876above the sector's middle half▲ 33.3%€121,867above the sector's middle half▼ 3.2%€115,716above the sector's middle half▼ 5.0%€170,963above the sector's middle half▲ 47.7%€277,124above the sector's middle half▲ 62.1%
Solvency56.5%within the sector's middle half▲ 16.4pp48.8%within the sector's middle half▼ 7.7pp53.6%within the sector's middle half▲ 4.8pp56.2%within the sector's middle half▲ 2.6pp61.7%within the sector's middle half▲ 5.6pp
Current ratio2.36within the sector's middle half▲ 0.681.99within the sector's middle half▼ 0.381.82within the sector's middle half▼ 0.162.15within the sector's middle half▲ 0.322.46within the sector's middle half▲ 0.31
Return on assets (ROA)15.4%within the sector's middle half▲ 11.0pp12.1%within the sector's middle half▼ 3.3pp9.2%within the sector's middle half▼ 2.9pp5.0%within the sector's middle half▼ 4.2pp16.8%within the sector's middle half▲ 11.8pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 287% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €565,825
Fixed assets
€98,796 ▼ 25.3%
Current assets
€467,029 ▲ 45.8%
Equity and liabilities €565,825
Equity
€349,259 ▲ 37.4%
Provisions
€5,062 =
Debt
€211,504 ▲ 9.4%
Debt's share of the balance-sheet total falls from 42.7% to 37.4%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€181,885▲
2024 · €83,479
Cash flow
€140,535▲
2024 · €70,958
Quick ratio
1.68▲
2024 · 1.23
Debt to equity
0.61▼
2024 · 0.76
ROE
27.2%▲
2024 · 8.9%
Interest coverage
20.11▼
2024 · 116.02
Debt ≤ 1 year
€189,904▲
2024 · €149,277
Debt > 1 year
€5,820▼
2024 · €23,206
Income taxes
€35,890▲
2024 · €11,801
Staff costs
€427▲
2024 · €110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0 | €110 | €427 | ▲ 290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,903 | €25,079 | €38,681 | €48,232 | €45,434 | ▼ 5.8% |
| Other operating charges640/8 | - | €3,031 | €4,806 | €2,471 | €4,204 | ▲ 70.1% |
| Non-recurring operating charges66A | - | €346 | €0 | - | - | - |
| Gross operating margin9900 | €61,153 | €81,947 | €104,381 | €86,060 | €186,516 | ▲ 117% |
| Operating profit (loss)9901 | €48,355 | €53,490 | €60,893 | €35,247 | €136,451 | ▲ 287% |
| Financial income75/76B | - | €4 | €0 | €0 | €3,584 | ▲ 35,843,200% |
| Recurring financial income75 | - | €4 | €0 | €0 | €3,584 | ▲ 35,843,200% |
| Financial charges65/66B | - | €568 | €7,081 | €720 | €9,044 | ▲ 1,157% |
| Recurring financial charges65 | €274 | €568 | €7,081 | €720 | €9,044 | ▲ 1,157% |
| Profit (loss) for the period before taxes9903 | €48,081 | €52,926 | €53,813 | €34,527 | €130,991 | ▲ 279% |
| Income taxes67/77 | €8,693 | €5,282 | €13,998 | €11,801 | €35,890 | ▲ 204% |
| Profit (loss) for the period9904 | €39,388 | €47,644 | €39,814 | €22,726 | €95,101 | ▲ 318% |
| Profit (loss) for the period to be appropriated9905 | €39,388 | €47,644 | €39,814 | €22,726 | €95,101 | ▲ 318% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €254,964 | €392,807 | €431,616 | €452,470 | €565,825 | ▲ 25.1% |
| Fixed assets21/28 | €36,807 | €147,382 | €175,118 | €132,229 | €98,796 | ▼ 25.3% |
| Tangible fixed assets22/27 | €36,807 | €147,382 | €175,118 | €132,229 | €98,796 | ▼ 25.3% |
| Land and buildings22 | - | €12,892 | €11,402 | €15,162 | €25,020 | ▲ 65.0% |
| Plant, machinery and equipment23 | - | €4,797 | €7,921 | €4,553 | €2,858 | ▼ 37.2% |
| Furniture and vehicles24 | - | €129,692 | €155,796 | €112,514 | €70,918 | ▼ 37.0% |
| Current assets29/58 | €218,157 | €245,425 | €256,498 | €320,240 | €467,029 | ▲ 45.8% |
| Stocks and contracts in progress3 | €80,249 | €34,409 | €98,405 | €137,138 | €148,433 | ▲ 8.2% |
| Stocks30/36 | - | €34,409 | €98,405 | €137,138 | €148,433 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €26,103 | €45,350 | €53,947 | €59,658 | €95,626 | ▲ 60.3% |
| Trade receivables40 | - | €44,453 | €53,857 | €59,568 | €95,536 | ▲ 60.4% |
| Other amounts receivable41 | - | €897 | €90 | €90 | €90 | = |
| Cash at bank and in hand54/58 | €108,185 | €162,161 | €97,999 | €121,507 | €219,878 | ▲ 81.0% |
| Deferred charges and accrued income490/1 | - | €3,506 | €6,147 | €1,938 | €3,092 | ▲ 59.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €254,964 | €392,807 | €431,616 | €452,470 | €565,825 | ▲ 25.1% |
| Equity10/15 | €143,973 | €191,617 | €231,431 | €254,157 | €349,259 | ▲ 37.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €125,373 | €173,017 | €212,831 | €235,557 | €330,659 | ▲ 40.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Other1319 | - | - | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €171,157 | €210,971 | €235,557 | €330,659 | ▲ 40.4% |
| Provisions and deferred taxes16 | €5,062 | €5,062 | €5,062 | €5,062 | €5,062 | = |
| Provisions for liabilities and charges160/5 | - | €5,062 | €5,062 | €5,062 | €5,062 | = |
| Pensions and similar obligations160 | - | - | €5,062 | €5,062 | €5,062 | = |
| Other liabilities and charges164/5 | - | €5,062 | - | - | - | - |
| Amounts payable17/49 | €105,928 | €196,127 | €195,122 | €193,250 | €211,504 | ▲ 9.4% |
| Amounts payable after more than one year17 | - | €57,642 | €40,480 | €23,206 | €5,820 | ▼ 74.9% |
| Financial debts170/4 | - | €57,642 | €40,480 | €23,206 | €5,820 | ▼ 74.9% |
| Amounts payable within one year42/48 | €92,281 | €123,558 | €140,782 | €149,277 | €189,904 | ▲ 27.2% |
| Current portion of amounts payable after more than one year42 | - | €17,051 | €17,162 | €17,274 | €17,386 | ▲ 0.6% |
| Trade debts44 | €1,111 | €11,950 | €11,568 | €9,605 | €27,683 | ▲ 188% |
| Suppliers440/4 | - | €11,950 | €11,568 | €9,605 | €27,683 | ▲ 188% |
| Taxes, remuneration and social security45 | - | €3,714 | €14,665 | €12,314 | €45,178 | ▲ 267% |
| Taxes450/3 | - | €3,714 | €14,665 | €12,314 | €45,178 | ▲ 267% |
| Other amounts payable47/48 | - | €90,843 | €97,387 | €110,084 | €99,657 | ▼ 9.5% |
| Accrued charges and deferred income492/3 | - | €14,926 | €13,860 | €20,767 | €15,779 | ▼ 24.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,388 | €47,644 | €39,814 | €22,726 | €95,101 | ▲ 318% |
| + Depreciation and write-downs630 | €7,903 | €25,079 | €38,681 | €48,232 | €45,434 | ▼ 5.8% |
| Operating cash flow (approximation) | €47,291 | €72,723 | €78,495 | €70,958 | €140,535 | ▲ 98.1% |
| Investment in fixed assets (approximation) | - | -€135,654 | -€66,417 | -€5,344 | -€12,000 | ▼ 125% |
| Change in cash | - | €53,976 | -€64,162 | €23,508 | €98,371 | ▲ 318% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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BE 0423.388.865
Deinze · Eq €349,911
ROJO
BE 0449.921.632
Kortemark · Eq €348,430
B.L. VINS
BE 0881.962.404
Dinant · Eq €350,766
INTERMAR SURVEYS
BE 0889.173.264
Antwerpen · Eq €351,298
Of 3,185 companies in this sector we hold annual accounts for 1,963. 1,441 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 30-10-2025Next filing 31-10-2026
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €95,101 ▲318%
Operating result €136,451, net result €95,101, both a record.
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €200,000Eq €231,431 ▲20.8%
5 profitable years in a row build equity to €231,431.
2022
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €150,000Eq €191,617 ▲33.1%
4 profitable years in a row build equity to €191,617.
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-03
Financial
Equity above €100,000Eq €104,586 ▲12.6%
2 profitable years in a row build equity to €104,586.
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2018
05-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €444
Flemish government
€444
awarded · 2022 - 2023
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €444 awarded · €444 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | €51 | €51 |
| 2022 | 1 | €393 | €393 |
Company details
Private limited company · founded 10-03-2005Year ends 31-03Peppol reachable2 sites
Register details
Identification
Legal formPrivate limited company
Founded10-03-2005
Fiscal year end31-03
Activities, NACEBEL 2025
52250Logistics services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46713Wholesale trade
49410Freight transport by road
55300Accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872543605
Also
9925:BE0872543605
Registered
03-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2005
Ground area
1,293 m²
Building footprint
244 m²
Volume, LiDAR
988 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
TORAXX
since 2005unit no. 2.145.890.220
Camping Oasis
since 2006unit no. 2.277.868.519
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074B0237/00P002 | Flanders | 1,142 m² | 1 · 84 m² | 10.0 m · 2 fl. |
| 23035A0559/00D004 | Flanders | 151 m² | 1 · 160 m² | 3.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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