TORECON
ActiveSummary
The annual accounts of TORECON for fiscal year 2024 show a net loss of 96% of the equity at the start of that year. The 2024 annual accounts show equity of €140 and a net result of €-3k. Equity is shrinking by ~109.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 10% of 37953 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency27▼-17
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 1.0 against 1.34 in 2023; short-term debt: 98.3% and cash: 82.5% of total assets), and 98.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1.7%
Return on assets
-41.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-3k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
31 d late
2021
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€140▼ 96.1%
2023 · €4k
2021: €27khighest in 4 years
2022: €14k▼ -48.5% vs 2021
2023: €4k▼ -73.8% vs 2022
2024: €140▼ -96.1% vs 2023lowest in 4 years
2021 → 2024
Total assets
€8k▼ 57.1%
2023 · €19k
2021: €46k
2022: €48k▲ +4.8% vs 2021highest in 4 years
2023: €19k▼ -59.9% vs 2022
2024: €8k▼ -57.1% vs 2023lowest in 4 years
2021 → 2024
Net result
€-3k▲ 65.9%
2023 · €-10k
2021: €24khighest in 4 years
2022: €-13k▼ -155% vs 2021lowest in 4 years
2023: €-10k▲ +21.7% vs 2022
2024: €-3k▲ +65.9% vs 2023
2021 → 2024
Working capital
€-10
2023 · €5k
2021: €26khighest in 4 years
2022: €13k▼ -49.8% vs 2021
2023: €5k▼ -63.0% vs 2022
2024: €-10▼ -100% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€27k-€14k▼ 48.5%€4k▼ 73.8%€140▼ 96.1%
2021: €27khighest in 4 years
2022: €14k▼ -48.5% vs 2021
2023: €4k▼ -73.8% vs 2022
2024: €140▼ -96.1% vs 2023lowest in 4 years
Operating result€34k-€-12k€-9k▲ 19.7%€-3k▲ 64.6%
2021: €34khighest in 4 years
2022: €-12k▼ -135% vs 2021lowest in 4 years
2023: €-9k▲ +19.7% vs 2022
2024: €-3k▲ +64.6% vs 2023
Net result€24k-€-13k€-10k▲ 21.7%€-3k▲ 65.9%
2021: €24khighest in 4 years
2022: €-13k▼ -155% vs 2021lowest in 4 years
2023: €-10k▲ +21.7% vs 2022
2024: €-3k▲ +65.9% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8k
Fixed assets
€150 ▼ 48.3%
Current assets
€8k ▼ 57.3%
Equity and liabilities €8k
Equity
€140 ▼ 96.1%
Debt
€8k ▼ 48.2%
Debt's share of the balance-sheet total rises from 81.3% to 98.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.00▼
2023 · 1.34
ROA
-41.9%▲
2023 · -52.7%
Debt ≤ 1 year
€8k▼
2023 · €14k
Income taxes
€0▼
2023 · €38
Equity ratios withheld: equity of €140 is too small for a meaningful ratio.
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 · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€19k€8k▼
Fixed assets21/28€290€150▼
Tangible fixed assets22/27€140-
Plant, machinery and equipment23€140-
Financial fixed assets28€150€150=
Current assets29/58€19k€8k▼
Amounts receivable within one year40/41€14k€1k▼
Trade receivables40€29€1k▲
Other amounts receivable41€14k€237▼
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€19k€8k▼
Equity10/15€4k€140▼
Contributions10/11€3k€3k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-14k€-18k▼
Amounts payable17/49€16k€8k▼
Amounts payable within one year42/48€14k€8k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€72-
Taxes450/3€72-
Other amounts payable47/48€12k€4k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€434-
Other operating charges640/8€831€590▼
Gross operating margin9900€-8k€-3k▲
Operating profit (loss)9901€-9k€-3k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€653€114▼
Recurring financial charges65€653€114▼
Profit (loss) for the period before taxes9903€-10k€-3k▲
Income taxes67/77€38€0▼
Profit (loss) for the period9904€-10k€-3k▲
Profit (loss) for the period to be appropriated9905€-10k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-18k▼
Profit (loss) brought forward from the previous period14P€-4k€-14k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €900 | €434 | - | - |
| Other operating charges640/8 | €1k | €213 | €831 | €590 | ▼ 29.0% |
| Gross operating margin9900 | €36k | €-11k | €-8k | €-3k | ▲ 66.3% |
| Operating profit (loss)9901 | €34k | €-12k | €-9k | €-3k | ▲ 64.6% |
| Financial income75/76B | €99 | €1 | €0 | €1 | ▲ 113% |
| Recurring financial income75 | €99 | €1 | €0 | €1 | ▲ 113% |
| Financial charges65/66B | €2k | €1k | €653 | €114 | ▼ 82.6% |
| Recurring financial charges65 | €2k | €1k | €653 | €114 | ▼ 82.6% |
| Profit (loss) for the period before taxes9903 | €32k | €-13k | €-10k | €-3k | ▲ 65.8% |
| Income taxes67/77 | €9k | €162 | €38 | €0 | ▼ 99.4% |
| Profit (loss) for the period9904 | €24k | €-13k | €-10k | €-3k | ▲ 65.9% |
| Profit (loss) for the period to be appropriated9905 | €24k | €-13k | €-10k | €-3k | ▲ 65.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €46k | €48k | €19k | €8k | ▼ 57.1% |
| Fixed assets21/28 | €1k | €725 | €290 | €150 | ▼ 48.3% |
| Tangible fixed assets22/27 | €1k | €575 | €140 | - | - |
| Plant, machinery and equipment23 | €1k | €575 | €140 | - | - |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €44k | €47k | €19k | €8k | ▼ 57.3% |
| Amounts receivable within one year40/41 | €18k | €42k | €14k | €1k | ▼ 90.9% |
| Trade receivables40 | €8k | €22k | €29 | €1k | ▲ 3,511% |
| Other amounts receivable41 | €10k | €19k | €14k | €237 | ▼ 98.3% |
| Cash at bank and in hand54/58 | €24k | €48 | €5k | €7k | ▲ 44.7% |
| Deferred charges and accrued income490/1 | €3k | €5k | €0 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €46k | €48k | €19k | €8k | ▼ 57.1% |
| Equity10/15 | €27k | €14k | €4k | €140 | ▼ 96.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €15k | €15k | €15k | €15k | = |
| Distributable reserves133 | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €9k | €-4k | €-14k | €-18k | ▼ 24.0% |
| Amounts payable17/49 | €19k | €34k | €16k | €8k | ▼ 48.2% |
| Amounts payable within one year42/48 | €18k | €34k | €14k | €8k | ▼ 42.7% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | - | - | - |
| Financial debts43 | - | €768 | - | - | - |
| Credit institutions430/8 | - | €768 | - | - | - |
| Trade debts44 | €5k | €6k | €2k | €4k | ▲ 64.5% |
| Suppliers440/4 | €5k | €6k | €2k | €4k | ▲ 64.5% |
| Taxes, remuneration and social security45 | €2k | €2k | €72 | - | - |
| Taxes450/3 | €2k | - | €72 | - | - |
| Remuneration and social security454/9 | - | €2k | - | - | - |
| Other amounts payable47/48 | - | €13k | €12k | €4k | ▼ 62.9% |
| Accrued charges and deferred income492/3 | €574 | - | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €-13k | €-10k | €-3k | ▲ 65.9% |
| + Depreciation and write-downs630 | €1k | €900 | €434 | - | - |
| Operating cash flow (approximation) | €25k | €-12k | €-10k | €-3k | ▲ 64.4% |
| Investment in fixed assets (approximation) | - | €-282 | €0 | €140 | - |
| Change in cash | - | €-23k | €5k | €2k | ▼ 54.9% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herk-de-Stad · 1 establishment unit since 2020
Ground area
1,775 m²
Building footprint
155 m²
Volume, LiDAR
624 m³
Parcel 71024C0636/00H000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TORECON
since 20202.307.277.137
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024C0636/00H000 | Flanders | 1,775 m² | 1 · 155 m² | 6.7 m · 2 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.
Similar companies · same sector, comparable size
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EURO MANAGE
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 845 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
Founded06-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
33110Repair and maintenance of fabricated metal products
33200Installation of industrial machinery and equipment
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Contact
Scores and ratios are computed by Checked and are not a credit decision.