TORMAECO
ActiveSummary
TORMAECO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €881,647 and a net result of €6,013. Equity is growing by ~4.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 6 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 14,733 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €230,640 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,674 | €39,970 | €32,558 | €29,361 | €27,812 | ▼ 5.3% |
| Other operating charges640/8 | - | €10,136 | €11,632 | €10,786 | €11,231 | ▲ 4.1% |
| Gross operating margin9900 | €31,465 | €52,013 | €223,840 | €44,887 | €35,770 | ▼ 20.3% |
| Operating profit (loss)9901 | -€19,268 | €1,908 | €179,650 | €4,740 | -€3,273 | ▼ 169% |
| Financial income75/76B | - | - | - | €1,634 | €9,684 | ▲ 493% |
| Recurring financial income75 | €0 | - | - | €1,634 | €9,684 | ▲ 493% |
| Financial charges65/66B | - | €221 | €209 | €394 | €398 | ▲ 1.1% |
| Recurring financial charges65 | €206 | €221 | €209 | €394 | €398 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | -€19,474 | €1,687 | €179,441 | €5,979 | €6,013 | ▲ 0.6% |
| Profit (loss) for the period9904 | -€19,474 | €1,687 | €179,441 | €5,979 | €6,013 | ▲ 0.6% |
| Profit (loss) for the period to be appropriated9905 | -€19,474 | €1,687 | €179,441 | €5,979 | €6,013 | ▲ 0.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €792,015 | €781,952 | €943,493 | €934,497 | €928,144 | ▼ 0.7% |
| Fixed assets21/28 | €552,353 | €512,383 | €460,465 | €431,104 | €403,292 | ▼ 6.5% |
| Tangible fixed assets22/27 | €552,353 | €512,383 | €460,465 | €431,104 | €403,292 | ▼ 6.5% |
| Land and buildings22 | - | €512,383 | €460,465 | €431,104 | €403,292 | ▼ 6.5% |
| Current assets29/58 | €239,663 | €269,569 | €483,028 | €503,393 | €524,852 | ▲ 4.3% |
| Amounts receivable within one year40/41 | - | - | - | €490 | €3,395 | ▲ 593% |
| Other amounts receivable41 | - | - | - | €490 | €3,395 | ▲ 593% |
| Current investments50/53 | - | - | - | - | €450,000 | - |
| Cash at bank and in hand54/58 | €238,344 | €268,520 | €481,796 | €500,966 | €69,038 | ▼ 86.2% |
| Deferred charges and accrued income490/1 | - | €1,050 | €1,232 | €1,937 | €2,419 | ▲ 24.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €792,015 | €781,952 | €943,493 | €934,497 | €928,144 | ▼ 0.7% |
| Equity10/15 | €688,527 | €690,214 | €869,655 | €875,634 | €881,647 | ▲ 0.7% |
| Contributions10/11 | - | €997,000 | €997,000 | €997,000 | €997,000 | = |
| Reserves13 | €58,216 | €58,216 | €58,216 | €58,216 | €58,216 | = |
| Non-distributable reserves130/1 | - | €4,872 | €4,872 | €0 | - | - |
| Reserves not available under the articles1311 | - | €4,872 | €4,872 | €0 | - | - |
| Distributable reserves133 | - | €53,344 | €53,344 | €58,216 | €58,216 | = |
| Profit (loss) carried forward14 | -€366,689 | -€365,002 | -€185,562 | -€179,582 | -€173,569 | ▲ 3.3% |
| Amounts payable17/49 | €103,488 | €91,738 | €73,838 | €58,863 | €46,497 | ▼ 21.0% |
| Amounts payable within one year42/48 | €102,488 | €90,738 | €73,738 | €58,763 | €45,238 | ▼ 23.0% |
| Trade debts44 | - | - | - | €25 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €25 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €90,738 | €73,738 | €58,738 | €45,238 | ▼ 23.0% |
| Accrued charges and deferred income492/3 | - | €1,000 | €100 | €100 | €1,259 | ▲ 1,159% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,474 | €1,687 | €179,441 | €5,979 | €6,013 | ▲ 0.6% |
| + Depreciation and write-downs630 | €40,674 | €39,970 | €32,558 | €29,361 | €27,812 | ▼ 5.3% |
| Operating cash flow (approximation) | €21,199 | €41,657 | €211,999 | €35,340 | €33,825 | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | €0 | €19,360 | €0 | €0 | - |
| Change in cash | - | €30,176 | €213,277 | €19,170 | -€431,929 | ▼ 2,353% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0885/00_000 | Flanders | 202 m² | 1 · 202 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.