TORET
ActiveSummary
The computed 12-month bankruptcy probability of TORET is 6.3% (elevated). The 2025 annual accounts show negative equity (-€63,912) and a net result of -€3,302. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 1576 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-21
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
6.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.19 in 2024; short-term debt: 270.4% and cash: 35.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-170.4%
Return on assets
-8.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€63,912
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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
61 d late
2022
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 15 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€63,912▼ 5.4%
2024 · -€60,610
Total assets
€37,517▼ 23.3%
2024 · €48,918
Net result
-€3,302
2024 · €3,825
Working capital
-€79,501▲ 10.6%
2024 · -€88,917
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line2022202320242025
Operating result-€49,319--€21,575▲ 56.3%€5,007-€2,709
Net result-€51,242below the sector's middle half--€23,193below the sector's middle half▲ 54.7%€3,825within the sector's middle half-€3,302within the sector's middle half
Equity-€41,242below the sector's middle half--€64,435below the sector's middle half▼ 56.2%-€60,610below the sector's middle half▲ 5.9%-€63,912below the sector's middle half▼ 5.4%
Total assets€79,215within the sector's middle half-€61,679below the sector's middle half▼ 22.1%€48,918below the sector's middle half▼ 20.7%€37,517below the sector's middle half▼ 23.3%
Debt€120,458-€126,114▲ 4.7%€109,529▼ 13.2%€101,429▼ 7.4%
Working capital-€76,602below the sector's middle half--€99,531below the sector's middle half▼ 29.9%-€88,917below the sector's middle half▲ 10.7%-€79,501below the sector's middle half▲ 10.6%
Solvency-52.1%below the sector's middle half--104.5%below the sector's middle half▼ 52.4pp-123.9%below the sector's middle half▼ 19.4pp-170.4%below the sector's middle half▼ 46.5pp
Current ratio0.27below the sector's middle half-0.17below the sector's middle half▼ 0.100.19below the sector's middle half▲ 0.020.22below the sector's middle half▲ 0.03
Return on assets (ROA)-64.7%below the sector's middle half--37.6%below the sector's middle half▲ 27.1pp7.8%within the sector's middle half▲ 45.4pp-8.8%below the sector's middle half▼ 16.6pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,709 after €5,007 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,517
Fixed assets
€15,589 ▼ 44.9%
Current assets
€21,927 ▲ 6.4%
Key figures and ratios
EBITDA
€13,110▼
2024 · €24,014
Cash flow
€12,517▼
2024 · €22,831
Quick ratio
0.21▲
2024 · 0.18
Debt to equity
-1.59▲
2024 · -1.81
Interest coverage
21.67▲
2024 · 20.30
Debt ≤ 1 year
€101,429▼
2024 · €109,529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.3% 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 497,338 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% | 1.9% |
| 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 1,564 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,549 | €17,930 | €19,006 | €15,819 | ▼ 16.8% |
| Other operating charges640/8 | €1,024 | €3,303 | €1,104 | €3,005 | ▲ 172% |
| Operating charges capitalised as restructuring costs649 | - | €0 | - | - | - |
| Gross operating margin9900 | -€27,745 | -€342 | €25,118 | €16,115 | ▼ 35.8% |
| Operating profit (loss)9901 | -€49,319 | -€21,575 | €5,007 | -€2,709 | ▼ 154% |
| Financial income75/76B | €0 | €7 | €0 | €12 | ▲ 2,500% |
| Recurring financial income75 | €0 | €7 | €0 | €12 | ▲ 2,500% |
| Financial charges65/66B | €1,924 | €1,624 | €1,183 | €605 | ▼ 48.9% |
| Recurring financial charges65 | €1,924 | €1,624 | €1,183 | €605 | ▼ 48.9% |
| Profit (loss) for the period before taxes9903 | -€51,242 | -€23,193 | €3,825 | -€3,302 | ▼ 186% |
| Profit (loss) for the period9904 | -€51,242 | -€23,193 | €3,825 | -€3,302 | ▼ 186% |
| Profit (loss) for the period to be appropriated9905 | -€51,242 | -€23,193 | €3,825 | -€3,302 | ▼ 186% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €79,215 | €61,679 | €48,918 | €37,517 | ▼ 23.3% |
| Fixed assets21/28 | €51,231 | €41,264 | €28,307 | €15,589 | ▼ 44.9% |
| Tangible fixed assets22/27 | €48,731 | €38,604 | €25,647 | €12,929 | ▼ 49.6% |
| Furniture and vehicles24 | €12,379 | €15,076 | €14,941 | €11,094 | ▼ 25.8% |
| Leasing and similar rights25 | €24,710 | €15,156 | €5,602 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €11,641 | €8,373 | €5,104 | €1,836 | ▼ 64.0% |
| Financial fixed assets28 | €2,500 | €2,660 | €2,660 | €2,660 | = |
| Current assets29/58 | €27,985 | €20,415 | €20,611 | €21,927 | ▲ 6.4% |
| Stocks and contracts in progress3 | - | €680 | €1,026 | €1,106 | ▲ 7.8% |
| Stocks30/36 | - | €680 | €1,026 | €1,106 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €12,840 | €6,191 | €3,507 | €6,187 | ▲ 76.4% |
| Trade receivables40 | €8,753 | - | €382 | €6,179 | ▲ 1,519% |
| Other amounts receivable41 | €4,087 | €6,191 | €3,125 | €8 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €13,528 | €11,590 | €14,325 | €13,385 | ▼ 6.6% |
| Deferred charges and accrued income490/1 | €1,617 | €1,954 | €1,753 | €1,250 | ▼ 28.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €79,215 | €61,679 | €48,918 | €37,517 | ▼ 23.3% |
| Equity10/15 | -€41,242 | -€64,435 | -€60,610 | -€63,912 | ▼ 5.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€51,242 | -€74,435 | -€70,610 | -€73,912 | ▼ 4.7% |
| Amounts payable17/49 | €120,458 | €126,114 | €109,529 | €101,429 | ▼ 7.4% |
| Amounts payable after more than one year17 | €15,870 | €6,169 | - | - | - |
| Financial debts170/4 | €15,870 | €6,169 | - | - | - |
| Amounts payable within one year42/48 | €104,587 | €119,946 | €109,529 | €101,429 | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | €9,432 | €9,702 | €6,169 | €0 | ▼ 100% |
| Trade debts44 | €36,784 | €8,260 | €2,050 | €3,917 | ▲ 91.0% |
| Suppliers440/4 | €36,784 | €8,260 | €2,050 | €3,917 | ▲ 91.0% |
| Taxes, remuneration and social security45 | €181 | €820 | €494 | €1,589 | ▲ 222% |
| Taxes450/3 | €181 | €820 | €494 | €1,589 | ▲ 222% |
| Other amounts payable47/48 | €58,190 | €101,164 | €100,816 | €95,924 | ▼ 4.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51,242 | -€23,193 | €3,825 | -€3,302 | ▼ 186% |
| + Depreciation and write-downs630 | €20,549 | €17,930 | €19,006 | €15,819 | ▼ 16.8% |
| Operating cash flow (approximation) | -€30,693 | -€5,263 | €22,831 | €12,517 | ▼ 45.2% |
| Investment in fixed assets (approximation) | - | -€7,964 | -€6,049 | -€3,101 | ▲ 48.7% |
| Change in cash | - | -€1,938 | €2,735 | -€941 | ▼ 134% |
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 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €3,825
Net result €3,825 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oudergem · 1 establishment unit since 2021
Ground area
109 m²
Building footprint
108 m²
Volume, LiDAR
895 m³
Parcel 21002A0136/00E024, Brussels · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Toret
since 20212.320.016.207
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0136/00E024 | Brussels | 108 m² | 1 · 108 m² | 13.6 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudergem2.320.016.207
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 608 companies in sector 10520 we hold annual accounts for 235. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770916507
Also
9925:BE0770916507
Registered
28-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.