TORENO
ActiveSummary
TORENO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,934 and a net result of -€47,090. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 22% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-3
Solvency37▼-18
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.42 in 2024; short-term debt: 88.3% and cash: 3.8% of total assets), and 88.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
11.6%
Return on assets
-13%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€47,090
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10485 sector peers (2025).
NBB · sector comparisonPosition among 10485 sector peers
Solvency
better than 22%
← weakest
strongest →
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
60 d late
2023
61 d late
2022
4 d early
2021
31 d late
2020
30 d late
2019
42 d early
← 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 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€41,934▼ 73.2%
2024 · €156,377
Total assets
€361,197▼ 30.9%
2024 · €522,873
Net result
-€47,090▲ 17.5%
2024 · -€57,113
Working capital
€41,044▼ 73.1%
2024 · €152,373
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€44,200-€2,630▲ 94.0%€72,472-€48,196-€41,445▲ 14.0%
Net result-€48,790below the sector's middle half-€6,408below the sector's middle half▲ 86.9%€58,691within the sector's middle half-€57,113below the sector's middle half-€47,090below the sector's middle half▲ 17.5%
Equity€161,207within the sector's middle half▼ 23.2%€154,799within the sector's middle half▼ 4.0%€213,490within the sector's middle half▲ 37.9%€156,377within the sector's middle half▼ 26.8%€41,934below the sector's middle half▼ 73.2%
Total assets€554,139within the sector's middle half▼ 14.7%€519,463within the sector's middle half▼ 6.3%€626,153within the sector's middle half▲ 20.5%€522,873within the sector's middle half▼ 16.5%€361,197within the sector's middle half▼ 30.9%
Debt€392,932▼ 10.6%€364,664▼ 7.2%€412,662▲ 13.2%€366,496▼ 11.2%€319,263▼ 12.9%
Working capital€184,971▼ 20.7%€176,246▼ 4.7%€219,411▲ 24.5%€152,373▼ 30.6%€41,044▼ 73.1%
Solvency29.1%within the sector's middle half▼ 3.2pp29.8%within the sector's middle half▲ 0.7pp34.1%within the sector's middle half▲ 4.3pp29.9%within the sector's middle half▼ 4.2pp11.6%below the sector's middle half▼ 18.3pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €41,445 in 2025 against €48,196 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €361,197
Fixed assets
€1,197 ▼ 74.5%
Current assets
€360,000 ▼ 30.5%
Equity and liabilities €361,197
Equity
€41,934 ▼ 73.2%
Debt
€319,263 ▼ 12.9%
Debt's share of the balance-sheet total rises from 70.1% to 88.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€37,945▲
2024 · -€44,696
Cash flow
-€43,590▲
2024 · -€53,613
Current ratio
1.13▼
2024 · 1.42
Quick ratio
0.68▲
2024 · 0.65
Debt to equity
7.61▲
2024 · 2.34
ROE
-112.3%▼
2024 · -36.5%
ROA
-13.0%▼
2024 · -10.9%
Interest coverage
-3.80▼
2024 · -3.27
Debt ≤ 1 year
€318,956▼
2024 · €365,803
Income taxes
€72▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,221 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 | €27 | €9,295 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,955 | €3,496 | €3,500 | €3,500 | €3,500 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€5,500 | €0 | - | - | -€8,500 | - |
| Other operating charges640/8 | €9,599 | €4,165 | €6,158 | €786 | €286 | ▼ 63.6% |
| Non-recurring operating charges66A | €100 | €20 | €145 | €225 | €250 | ▲ 11.1% |
| Gross operating margin9900 | -€27,045 | €5,051 | €82,275 | -€43,685 | -€45,909 | ▼ 5.1% |
| Operating profit (loss)9901 | -€44,200 | -€2,630 | €72,472 | -€48,196 | -€41,445 | ▲ 14.0% |
| Financial income75/76B | €4,350 | €4,829 | €5,064 | €4,758 | €4,409 | ▼ 7.3% |
| Recurring financial income75 | €4,350 | €4,829 | €5,064 | €4,758 | €4,409 | ▼ 7.3% |
| Financial charges65/66B | €8,940 | €8,607 | €13,704 | €13,675 | €9,982 | ▼ 27.0% |
| Recurring financial charges65 | €8,940 | €8,607 | €13,704 | €13,675 | €9,982 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | -€48,790 | -€6,408 | €63,831 | -€57,113 | -€47,018 | ▲ 17.7% |
| Income taxes67/77 | - | - | €5,140 | €0 | €72 | - |
| Profit (loss) for the period9904 | -€48,790 | -€6,408 | €58,691 | -€57,113 | -€47,090 | ▲ 17.5% |
| Profit (loss) for the period to be appropriated9905 | -€48,790 | -€6,408 | €58,691 | -€57,113 | -€47,090 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €554,139 | €519,463 | €626,153 | €522,873 | €361,197 | ▼ 30.9% |
| Fixed assets21/28 | €46,439 | €11,697 | €8,197 | €4,697 | €1,197 | ▼ 74.5% |
| Intangible fixed assets21 | €1,119 | €839 | €560 | €280 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €45,320 | €10,858 | €7,638 | €4,417 | €1,197 | ▼ 72.9% |
| Plant, machinery and equipment23 | €9,074 | €6,661 | €4,440 | €2,220 | €0 | ▼ 100% |
| Leasing and similar rights25 | €36,247 | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | €4,197 | €3,197 | €2,197 | €1,197 | ▼ 45.5% |
| Current assets29/58 | €507,700 | €507,766 | €617,956 | €518,176 | €360,000 | ▼ 30.5% |
| Amounts receivable after more than one year29 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Other amounts receivable291 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Stocks and contracts in progress3 | €173,708 | €175,949 | €207,180 | €279,330 | €142,893 | ▼ 48.8% |
| Stocks30/36 | €173,708 | €175,949 | €207,180 | €279,330 | €142,893 | ▼ 48.8% |
| Amounts receivable within one year40/41 | €126,128 | €154,665 | €202,500 | €69,639 | €31,288 | ▼ 55.1% |
| Trade receivables40 | €61,180 | €79,210 | €106,192 | €58,890 | €11,505 | ▼ 80.5% |
| Other amounts receivable41 | €64,948 | €75,456 | €96,308 | €10,749 | €19,782 | ▲ 84.0% |
| Cash at bank and in hand54/58 | €52,362 | €15,605 | €44,684 | €1,396 | €13,589 | ▲ 874% |
| Deferred charges and accrued income490/1 | €10,502 | €16,546 | €18,591 | €22,812 | €27,231 | ▲ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €554,139 | €519,463 | €626,153 | €522,873 | €361,197 | ▼ 30.9% |
| Equity10/15 | €161,207 | €154,799 | €213,490 | €156,377 | €41,934 | ▼ 73.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €69,213 | €69,213 | €69,213 | €69,213 | €1,860 | ▼ 97.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €67,353 | €67,353 | €67,353 | €67,353 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €73,394 | €66,986 | €125,677 | €68,564 | €21,474 | ▼ 68.7% |
| Amounts payable17/49 | €392,932 | €364,664 | €412,662 | €366,496 | €319,263 | ▼ 12.9% |
| Amounts payable after more than one year17 | €70,204 | €33,144 | €12,468 | €0 | - | - |
| Financial debts170/4 | €70,204 | €33,144 | €12,468 | €0 | - | - |
| Amounts payable within one year42/48 | €322,728 | €331,520 | €398,544 | €365,803 | €318,956 | ▼ 12.8% |
| Current portion of amounts payable after more than one year42 | €43,178 | €37,060 | €20,676 | €12,468 | €0 | ▼ 100% |
| Financial debts43 | €227,613 | €228,359 | €225,000 | €225,000 | €225,000 | = |
| Credit institutions430/8 | €227,613 | €228,359 | €225,000 | €225,000 | €225,000 | = |
| Trade debts44 | €20,223 | €66,101 | €138,179 | €49,859 | €20,980 | ▼ 57.9% |
| Suppliers440/4 | €20,223 | €66,101 | €138,179 | €49,859 | €20,980 | ▼ 57.9% |
| Taxes, remuneration and social security45 | €25,386 | €0 | €14,690 | €5,646 | €0 | ▼ 100% |
| Taxes450/3 | €25,386 | €0 | €14,690 | €5,646 | €0 | ▼ 100% |
| Other amounts payable47/48 | €6,328 | €0 | - | €72,831 | €72,977 | ▲ 0.2% |
| Accrued charges and deferred income492/3 | - | - | €1,651 | €693 | €307 | ▼ 55.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,790 | -€6,408 | €58,691 | -€57,113 | -€47,090 | ▲ 17.5% |
| + Depreciation and write-downs630 | €12,955 | €3,496 | €3,500 | €3,500 | €3,500 | = |
| Operating cash flow (approximation) | -€35,835 | -€2,912 | €62,191 | -€53,613 | -€43,590 | ▲ 18.7% |
| Investment in fixed assets (approximation) | - | €31,247 | €0 | €0 | €0 | - |
| Change in cash | - | -€36,756 | €29,079 | -€43,288 | €12,193 | ▲ 128% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€57,113
Net result drops to -€57,113, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Back to profitnet €58,691
Net result €58,691 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €213,490 ▲37.9%
Equity rises from €154,799 to €213,490.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €62,267 ▲87.9%
Operating result €84,130, net result €62,267, both a record.
31-12
Financial
Equity above €200,000Eq €209,997 ▲42.1%
3 profitable years in a row build equity to €209,997.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
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 5 acts read
About the unread acts
We know of 5 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
5 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, Hamme (Vl.) · 1 establishment unit since 2002
Ground area
91 m²
Building footprint
80 m²
Volume, LiDAR
586 m³
Parcel 42452C1124/00E003, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
TORENO
since 20022.113.768.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C1124/00E003 | Flanders | 91 m² | 1 · 80 m² | 9.7 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.
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,226. 3,209 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 (pre-2019)
Founded19-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462931609
Also
9925:BE0462931609
Registered
30-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.