Summary
TORECO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €240,028 and a net result of €65,284. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 9866 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €240,028
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
29 d early
2022
23 d early
2021
17 d early
2020
34 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€240,028▲ 37.4%
2023 · €174,744
Net result
€65,284▲ 11.9%
2023 · €58,348
Total assets
€249,100▲ 37.9%
2023 · €180,592
Solvency
96.4%▼ 0.4pp
2023 · 96.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€42,805▲ 30.3%€40,999▼ 4.2%€38,331▼ 6.5%€92,425▲ 141%€92,700▲ 0.3%
Net result€28,087within the sector's middle half▲ 24.9%€23,855within the sector's middle half▼ 15.1%€16,617within the sector's middle half▼ 30.3%€58,348within the sector's middle half▲ 251%€65,284within the sector's middle half▲ 11.9%
Equity€480,925within the sector's middle half▲ 6.2%€504,779above the sector's middle half▲ 5.0%€116,396within the sector's middle half▼ 76.9%€174,744within the sector's middle half▲ 50.1%€240,028within the sector's middle half▲ 37.4%
Total assets€495,116below the sector's middle half▲ 3.0%€508,899within the sector's middle half▲ 2.8%€119,042below the sector's middle half▼ 76.6%€180,592within the sector's middle half▲ 51.7%€249,100within the sector's middle half▲ 37.9%
Debt€14,191▼ 48.8%€4,119▼ 71.0%€2,646▼ 35.8%€5,848▲ 121%€9,072▲ 55.1%
Working capital€86,399=€115,572▲ 33.8%€108,232▼ 6.4%€162,817▲ 50.4%€226,903▲ 39.4%
Solvency97.1%above the sector's middle half▲ 2.9pp99.2%above the sector's middle half▲ 2.1pp97.8%above the sector's middle half▼ 1.4pp96.8%above the sector's middle half▼ 1.0pp96.4%above the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €249,100
Fixed assets
€13,126 ▲ 10.1%
Current assets
€235,975 ▲ 39.9%
Equity and liabilities €249,100
Equity
€240,028 ▲ 37.4%
Debt
€9,072 ▲ 55.1%
Debt's share of the balance-sheet total rises from 3.2% to 3.6%. Equity and debt are higher.
Key figures and ratios
ROE
27.2%▼
2023 · 33.4%
ROA
26.2%▼
2023 · 32.3%
Debt ≤ 1 year
€9,072▲
2023 · €5,848
Income taxes
€29,489▼
2023 · €35,406
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6,054 | €33,940 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,561 | €10,887 | €9,984 | €2,368 | €2,201 | ▼ 7.1% |
| Other operating charges640/8 | - | €5,031 | €36,442 | €1,160 | €1,186 | ▲ 2.3% |
| Gross operating margin9900 | €59,204 | €56,917 | €84,756 | €95,953 | €96,087 | ▲ 0.1% |
| Operating profit (loss)9901 | €42,805 | €40,999 | €38,331 | €92,425 | €92,700 | ▲ 0.3% |
| Financial income75/76B | - | €47 | - | €1,480 | €2,225 | ▲ 50.3% |
| Recurring financial income75 | €139 | €47 | - | €1,480 | €2,225 | ▲ 50.3% |
| Financial charges65/66B | - | €1,242 | €143 | €151 | €151 | ▲ 0.5% |
| Recurring financial charges65 | €331 | €1,242 | €143 | €151 | €151 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €42,612 | €39,804 | €38,187 | €93,754 | €94,773 | ▲ 1.1% |
| Income taxes67/77 | €14,525 | €15,949 | €21,571 | €35,406 | €29,489 | ▼ 16.7% |
| Profit (loss) for the period9904 | €28,087 | €23,855 | €16,617 | €58,348 | €65,284 | ▲ 11.9% |
| Profit (loss) for the period to be appropriated9905 | €28,087 | €23,855 | €16,617 | €58,348 | €65,284 | ▲ 11.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €495,116 | €508,899 | €119,042 | €180,592 | €249,100 | ▲ 37.9% |
| Fixed assets21/28 | €397,081 | €389,208 | €8,164 | €11,926 | €13,126 | ▲ 10.1% |
| Tangible fixed assets22/27 | €397,068 | €389,195 | €8,151 | €11,914 | €13,113 | ▲ 10.1% |
| Land and buildings22 | - | €371,060 | - | - | - | - |
| Furniture and vehicles24 | - | €18,135 | €8,151 | €11,914 | €13,113 | ▲ 10.1% |
| Financial fixed assets28 | €12 | €12 | €12 | €12 | €12 | = |
| Current assets29/58 | €98,035 | €119,691 | €110,878 | €168,666 | €235,975 | ▲ 39.9% |
| Amounts receivable within one year40/41 | €12,959 | €13,866 | €11,888 | €12,141 | €12,648 | ▲ 4.2% |
| Trade receivables40 | - | €11,423 | €11,888 | €8,712 | €10,648 | ▲ 22.2% |
| Other amounts receivable41 | - | €2,443 | - | €3,429 | €2,000 | ▼ 41.7% |
| Cash at bank and in hand54/58 | €85,076 | €105,825 | €98,990 | €156,524 | €223,327 | ▲ 42.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €495,116 | €508,899 | €119,042 | €180,592 | €249,100 | ▲ 37.9% |
| Equity10/15 | €480,925 | €504,779 | €116,396 | €174,744 | €240,028 | ▲ 37.4% |
| Contributions10/11 | €298,700 | €298,700 | €1 | €1 | €1 | = |
| Reserves13 | €132,200 | €155,200 | €115,778 | €173,778 | €238,778 | ▲ 37.4% |
| Distributable reserves133 | - | €155,200 | €115,778 | €173,778 | €238,778 | ▲ 37.4% |
| Profit (loss) carried forward14 | €50,025 | €50,879 | €617 | €964 | €1,249 | ▲ 29.5% |
| Amounts payable17/49 | €14,191 | €4,119 | €2,646 | €5,848 | €9,072 | ▲ 55.1% |
| Amounts payable after more than one year17 | €2,555 | - | - | - | - | - |
| Amounts payable within one year42/48 | €11,636 | €4,119 | €2,646 | €5,848 | €9,072 | ▲ 55.1% |
| Trade debts44 | €2,807 | €546 | €142 | €48 | €48 | = |
| Suppliers440/4 | - | €546 | €142 | €48 | €48 | = |
| Taxes, remuneration and social security45 | - | €3,500 | €1,908 | €5,800 | €9,024 | ▲ 55.6% |
| Taxes450/3 | - | €3,500 | €1,908 | €5,800 | €9,024 | ▲ 55.6% |
| Other amounts payable47/48 | - | €74 | €596 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,087 | €23,855 | €16,617 | €58,348 | €65,284 | ▲ 11.9% |
| + Depreciation and write-downs630 | €9,561 | €10,887 | €9,984 | €2,368 | €2,201 | ▼ 7.1% |
| Operating cash flow (approximation) | €37,648 | €34,741 | €26,600 | €60,716 | €67,485 | ▲ 11.1% |
| Investment in fixed assets (approximation) | - | -€3,013 | €371,060 | -€6,131 | -€3,400 | ▲ 44.5% |
| Change in cash | - | €20,749 | -€6,835 | €57,534 | €66,802 | ▲ 16.1% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €65,284 ▲11.9%
Operating result €92,700, net result €65,284, both a record.
31-12
Financial
Equity above €200,000Eq €240,028 ▲37.4%
7 profitable years in a row build equity to €240,028.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €174,744 ▲50.1%
6 profitable years in a row build equity to €174,744.
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €16,617 ▼30.3%
Net result drops to €16,617, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 29.06
Current ratio from 8.43 to 29.06; short-term debt falls from €11,636 to €4,119.
31-12
Financial
Equity above €500,000Eq €504,779 ▲5%
4 profitable years in a row build equity to €504,779.
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2004
02-02
State Gazette act
General meeting · Merger
Name change · Registered-office move
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 acts for this company are 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, Kortrijk · 1 establishment unit since 2016
Ground area
1,427 m²
Building footprint
1,427 m²
Volume, LiDAR
22,757 m³
Parcel 34353H0284/00L000, Flanders · tallest building 24.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Grote Markt(Kor) 35, 8500 Kortrijk
since 20162.248.251.548
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0284/00L000 | Flanders | 1,427 m² | 1 · 1,427 m² | 24.7 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
18 locations
Recognitions · licences · registrations
Legal Entity Identifier
967600MH41I7EGUG7Z85
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,625 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
Founded19-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
82300Organisation of conventions and trade shows
Contact
E-mail
toreco@toreco.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473553406
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.