Turnover
≈ €150,000 estimated
The micro format states no turnover.
TOREN
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €110,276 (2018)
€36,544▼ 47.8%
lowest -€8,801 (2006)
-€3,748▼ €25,006
peak €200,798 (2021)
€122,931▼ 3.0%
€105,442▼ 37.0%
Board1 name since 2024
1 directorPETTOFREZZA ROSE MARIE
Documentsfilings and deeds
13-10-202674 days late
2025micro format
Gross margin from €69,955 to €36,544Loss of €3,748Debts from €167,416 to €105,442
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 49% of micro companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 74 days late; 1 of the last 3 accounts late
Loss of €3,748 (financial year 2025)
lowers risk
Liquidity: current ratio 2.14, cash €57,318
Sector: Education (NACE 85)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 55% of them on solvency, 68% on liquidity, 37% on profitability and 37% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as TOREN has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TOREN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for TOREN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.14 (1.47 in 2024), above the usual 1.5. Short-term debt is 13.2% and cash 24% of total assets. 48.6% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
74 days late
2024
29 days late
2023
7 days early
2022
3 days late
2021
26 days late
2020
16 days early
2019
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464805984
New establishment in Boussu
Rue de Quiévrain 9
First establishment
Hameau de la Neuville 27, Hensies
Incorporation
published on 23-12-1998 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TOREN Hensies | €239,070 | €36,544 | 51.4% | - |
| RIJSCHOOL DE SCHELDE Dendermonde | €223,737 | €37,581 | 99.5% | - |
| MAX - AUTO Mouscron | €198,398 | €46,564 | 86.5% | - |
| MARLYSE GORISSEN Diest | €181,553 | €40,111 | 35.8% | - |
| INSTITUUT EN RIJSCHOOL MODERNA Leuven | €189,518 | €55,000 | 55.9% | - |
| AL FAJER Antwerp | €186,610 | €39,238 | 33.5% | - |
| GREAT RISING CHALLANGE Enghien | €307,372 | €59,877 | 88.7% | - |
These companies have the same main activity as TOREN: driving schools for cars and motorcycles (NACE 85531). They are comparable in size and age: total assets between €182,000 and €307,000, founded between 1989 and 2008.
Official details
Source: KBO- Status
- Active since 10-12-1998Normal situation
- Activity
- Driving schools for cars and motorcyclesNACE 85531and 1 other
- Establishment units
- 2.089.834.0197350 Hensies, since 24-12-1998
- 2.284.650.5027300 Boussu, since 17-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 16-09-2025
Insights on TOREN
TOREN files the micro format. That format states no turnover. The gross margin rose from €2,093 in 2006 to €36,544 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TOREN
- What is the company number of TOREN?
- The company number of TOREN is 0464.805.984. The VAT number is the same number with BE in front: BE 0464.805.984.
- Where is TOREN based?
- The registered office is at Hameau de la Neuville 27, 7350 Hensies.Company details
- What does TOREN do?
- According to the KBO register, the main activity is driving schools for cars and motorcycles (NACE 85531).
- What is the legal form of TOREN?
- TOREN is a private limited company (pre-2019) (BVBA).
- When was TOREN founded?
- TOREN was founded on 10-12-1998.
- Is TOREN still active?
- Yes, TOREN is an active enterprise in the KBO register.
- What is the turnover of TOREN?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €36,544 and 2,934 comparable companies of the same size. It probably lies between €88,000 and €260,000. It is a rough estimate.Financials
- Is TOREN profitable?
- In financial year 2025, TOREN made a loss of €3,748.
- Where can I find the annual accounts of TOREN?
- TOREN filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TOREN due?
- TOREN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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