TOREEL
ActiveSummary
TOREEL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €296,544. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 2386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 5.46 against 5.43 in 2024; short-term debt: 5.7% and cash: 15.3% of total assets), and 22.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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
77.5%
Return on assets
16.3%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
7 d late
2023
13 d late
2022
16 d late
2021
25 d early
2020
26 d late
2019
4 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 10 days after the deadline; the sector median for financial year 2024 is 7 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 company by total assets in Bonheiden, Health and social work sector#10 company by equity in Bonheiden, Health and social work sector
Equity
€1.4m▲ 16.2%
2024 · €1.2m
Total assets
€1.8m▲ 36.2%
2024 · €1.3m
Net result
€296,544▲ 64.6%
2024 · €180,106
Working capital
€460,051▲ 44.8%
2024 · €317,672
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, 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
Line20212022202320242025
Operating result€188,777▲ 30.5%€220,721▲ 16.9%€223,231▲ 1.1%€250,844▲ 12.4%€402,030▲ 60.3%
Net result€129,355within the sector's middle half▲ 23.6%€157,130within the sector's middle half▲ 21.5%€157,681within the sector's middle half▲ 0.4%€180,106within the sector's middle half▲ 14.2%€296,544above the sector's middle half▲ 64.6%
Equity€913,402within the sector's middle half▲ 0.1%€1.0mwithin the sector's middle half▲ 13.3%€1.1mwithin the sector's middle half▲ 9.9%€1.2mwithin the sector's middle half▲ 6.6%€1.4mabove the sector's middle half▲ 16.2%
Total assets€1.1mwithin the sector's middle half▼ 0.4%€1.2mwithin the sector's middle half▲ 9.3%€1.3mwithin the sector's middle half▲ 4.6%€1.3mwithin the sector's middle half▲ 2.9%€1.8mwithin the sector's middle half▲ 36.2%
Debt€155,776▼ 3.8%€140,670▼ 9.7%€94,794▼ 32.6%€71,676▼ 24.4%€326,086▲ 355%
Working capital€243,357within the sector's middle half▼ 7.9%€382,603within the sector's middle half▲ 57.2%€507,623within the sector's middle half▲ 32.7%€317,672within the sector's middle half▼ 37.4%€460,051within the sector's middle half▲ 44.8%
Solvency80.5%within the sector's middle half▲ 0.5pp83.4%above the sector's middle half▲ 2.9pp87.7%above the sector's middle half▲ 4.3pp90.8%above the sector's middle half▲ 3.1pp77.5%within the sector's middle half▼ 13.3pp
Current ratio3.14within the sector's middle half▼ 0.634.09within the sector's middle half▲ 0.956.36within the sector's middle half▲ 2.265.43within the sector's middle half▼ 0.925.46within the sector's middle half▲ 0.03
Return on assets (ROA)11.4%within the sector's middle half▲ 2.2pp12.7%within the sector's middle half▲ 1.3pp12.2%within the sector's middle half▼ 0.5pp13.5%within the sector's middle half▲ 1.3pp16.3%within the sector's middle half▲ 2.8pp
Staff (FTE)0.6below the sector's middle half=0.6below the sector's middle half=0.6below the sector's middle half=0.6below the sector's middle half=0.6below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.3m ▲ 32.7%
Current assets
€563,220 ▲ 44.7%
Equity and liabilities €1.8m
Equity
€1.4m ▲ 16.2%
Provisions
€83,423 ▲ 63.8%
Debt
€326,086 ▲ 355%
Debt's share of the balance-sheet total rises from 5.4% to 17.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€473,735▲
2024 · €338,350
Cash flow
€368,249▲
2024 · €267,612
Debt to equity
0.23▲
2024 · 0.06
ROE
21.0%▲
2024 · 14.9%
Interest coverage
89.30▼
2024 · 366.97
Debt ≤ 1 year
€103,169▲
2024 · €71,676
Debt > 1 year
€222,917
Income taxes
€74,504▼
2024 · €77,579
Staff costs
€35,105▲
2024 · €33,716
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 31,371 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €133,567 | - |
| Remuneration, social security and pensions62 | €25,575 | €28,712 | €30,860 | €33,716 | €35,105 | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,453 | €55,808 | €65,925 | €87,506 | €71,705 | ▼ 18.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€14,000 | - | - |
| Other operating charges640/8 | €2,744 | €2,934 | €3,080 | €3,475 | €3,860 | ▲ 11.1% |
| Gross operating margin9900 | €262,549 | €308,175 | €323,096 | €361,541 | €512,700 | ▲ 41.8% |
| Operating profit (loss)9901 | €188,777 | €220,721 | €223,231 | €250,844 | €402,030 | ▲ 60.3% |
| Financial income75/76B | €5,769 | €6,442 | €5,774 | €7,763 | €6,805 | ▼ 12.3% |
| Recurring financial income75 | €5,769 | €6,442 | €5,774 | €7,763 | €6,805 | ▼ 12.3% |
| Financial charges65/66B | €1,998 | €1,383 | €753 | €922 | €5,305 | ▲ 475% |
| Recurring financial charges65 | €1,998 | €1,383 | €753 | €922 | €5,305 | ▲ 475% |
| Profit (loss) for the period before taxes9903 | €192,548 | €225,780 | €228,252 | €257,685 | €403,530 | ▲ 56.6% |
| Transfer from deferred taxes780 | - | - | - | - | €910 | - |
| Transfer to deferred taxes680 | - | - | - | - | €33,392 | - |
| Income taxes67/77 | €63,193 | €68,650 | €70,571 | €77,579 | €74,504 | ▼ 4.0% |
| Profit (loss) for the period9904 | €129,355 | €157,130 | €157,681 | €180,106 | €296,544 | ▲ 64.6% |
| Transfer from tax-exempt reserves789 | €26,166 | - | - | - | €2,729 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €100,175 | - |
| Profit (loss) for the period to be appropriated9905 | €155,521 | €157,130 | €157,681 | €180,106 | €199,098 | ▲ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.3m | €1.3m | €1.8m | ▲ 36.2% |
| Fixed assets21/28 | €777,023 | €733,881 | €694,531 | €945,588 | €1.3m | ▲ 32.7% |
| Tangible fixed assets22/27 | €777,023 | €733,881 | €694,531 | €945,588 | €1.3m | ▲ 32.7% |
| Land and buildings22 | €10,831 | €4,485 | €688 | €175,548 | €609,600 | ▲ 247% |
| Plant, machinery and equipment23 | €25,358 | €16,160 | €16,213 | €123,712 | €102,560 | ▼ 17.1% |
| Furniture and vehicles24 | €8,675 | €6,203 | €3,339 | €4,778 | €8,841 | ▲ 85.0% |
| Other tangible fixed assets26 | €732,159 | €707,033 | €674,291 | €641,550 | €534,151 | ▼ 16.7% |
| Current assets29/58 | €357,096 | €506,262 | €602,417 | €389,348 | €563,220 | ▲ 44.7% |
| Amounts receivable after more than one year29 | €200,200 | €236,000 | €190,000 | €95,000 | - | - |
| Other amounts receivable291 | €200,200 | €236,000 | €190,000 | €95,000 | - | - |
| Amounts receivable within one year40/41 | €333 | €1,661 | €55,945 | €64,332 | €169,512 | ▲ 163% |
| Trade receivables40 | €333 | €1,661 | €9,433 | €5,173 | €331 | ▼ 93.6% |
| Other amounts receivable41 | - | - | €46,512 | €59,159 | €169,181 | ▲ 186% |
| Current investments50/53 | €45,807 | €90,807 | €200,808 | €202,030 | €107,311 | ▼ 46.9% |
| Cash at bank and in hand54/58 | €105,475 | €172,823 | €148,735 | €8,825 | €277,922 | ▲ 3,049% |
| Deferred charges and accrued income490/1 | €5,281 | €4,971 | €6,929 | €19,161 | €8,475 | ▼ 55.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.3m | €1.3m | €1.8m | ▲ 36.2% |
| Equity10/15 | €913,402 | €1.0m | €1.1m | €1.2m | €1.4m | ▲ 16.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €874,522 | €993,522 | €1.1m | €1.2m | €1.4m | ▲ 16.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €208,662 | €208,662 | €208,662 | €208,662 | €306,108 | ▲ 46.7% |
| Distributable reserves133 | €664,000 | €783,000 | €886,860 | €961,860 | €1.1m | ▲ 10.2% |
| Profit (loss) carried forward14 | €20,280 | €22,410 | €23,091 | €23,197 | €23,795 | ▲ 2.6% |
| Provisions and deferred taxes16 | €64,941 | €64,941 | €64,941 | €50,941 | €83,423 | ▲ 63.8% |
| Provisions for liabilities and charges160/5 | €64,941 | €64,941 | €64,941 | €50,941 | €50,941 | = |
| Pensions and similar obligations160 | €50,941 | €50,941 | €50,941 | €50,941 | €50,941 | = |
| Major repairs and maintenance162 | - | €14,000 | €14,000 | - | - | - |
| Environmental obligations163 | €14,000 | - | - | - | - | - |
| Deferred taxes168 | - | - | - | - | €32,482 | - |
| Amounts payable17/49 | €155,776 | €140,670 | €94,794 | €71,676 | €326,086 | ▲ 355% |
| Amounts payable after more than one year17 | €42,037 | €17,011 | - | - | €222,917 | - |
| Financial debts170/4 | €42,037 | €17,011 | - | - | €222,917 | - |
| Amounts payable within one year42/48 | €113,739 | €123,659 | €94,794 | €71,676 | €103,169 | ▲ 43.9% |
| Current portion of amounts payable after more than one year42 | €24,604 | €25,026 | €17,011 | - | €25,000 | - |
| Trade debts44 | €7,290 | €11,640 | €10,109 | €9,476 | €16,441 | ▲ 73.5% |
| Suppliers440/4 | €7,290 | €11,640 | €10,109 | €9,476 | €16,441 | ▲ 73.5% |
| Taxes, remuneration and social security45 | €52,048 | €63,316 | €67,674 | €62,200 | €61,728 | ▼ 0.8% |
| Taxes450/3 | €49,293 | €60,150 | €64,271 | €58,545 | €57,933 | ▼ 1.0% |
| Remuneration and social security454/9 | €2,755 | €3,166 | €3,403 | €3,655 | €3,795 | ▲ 3.8% |
| Other amounts payable47/48 | €29,797 | €23,677 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €129,355 | €157,130 | €157,681 | €180,106 | €296,544 | ▲ 64.6% |
| + Depreciation and write-downs630 | €45,453 | €55,808 | €65,925 | €87,506 | €71,705 | ▼ 18.1% |
| Operating cash flow (approximation) | €174,808 | €212,938 | €223,606 | €267,612 | €368,249 | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | -€12,666 | -€26,575 | -€338,563 | -€381,269 | ▼ 12.6% |
| Change in cash | - | €67,348 | -€24,088 | -€139,910 | €269,097 | ▲ 292% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €296,544 ▲64.6%
Operating result €402,030, net result €296,544, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 13 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Equity above €1mEq €1.0m ▲13.3%
5 profitable years in a row build equity to €1.0m.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
31-12
Financial
Weakest financial yearnet €87,843 ▼19.1%
Net result drops to €87,843, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB 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, Bonheiden · 1 establishment unit since 2009
Ground area
88 m²
Parcel 12031C0112/00N003, Flanders. Linked by address, not a title deed.
1 establishment unit
Lange Dreef 46, 2820 Bonheiden
since 20092.177.015.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0112/00N003 | Flanders | 88 m² | - | - |
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 6,944 companies in sector 86230 we hold annual accounts for 4,298. 2,534 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
Founded05-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859951025
Also
9925:BE0859951025
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.