TORMAX BELGIUM
ActiveSummary
TORMAX BELGIUM has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.2m and a net result of €717,533. Equity has been stable since 2018 (±0.8% per year). Its solvency ranks better than 60% of 3,535 sector peers (NACE 43, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
Source: KBO- Status
- Active since 01-12-1983 Normal situation
- Activity
- Other building finishing work NACE 43350and 2 others
- Joint committees
- 149.01 Electricians: installation and distribution
- 200 Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.023.459.491 9090 Merelbeke-Melle, since 01-12-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 23-11-2023
Board and ownership
- Dr HEINIGER PhilippeDirector
- Auditor
- VGD Bedrijfsrevisoren
- LANDERT GROUP AG100%annual accounts 2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Turnover
- €12.7m
- ▲ 5.0%
- Profit
- €717,533
- ▲ 76.4%
- Equity
- €5.2m
- ▼ 0.6%
- Total assets
- €10.9m
- ▲ 9.8%
- Employees on 31-12-2024
- 66
- ▲ 1.5%
- 2025 accounts not filed, 97 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 24-11-2025)1 change of registered office in 24 monthslowers riskFounded in 1983Liquidity: current ratio 2.08, cash €1.7mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, medium-sized). It does better than 71% of them on solvency, 90% on liquidity, 69% on profitability and 41% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
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Signals
The company filed its last 6 accounts on average 48 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Key points
Recent changes
- · Gazette deed Registered office moved to Merelbeke-MelleNew registered office: Gontrode Heirweg 328 te 9090 MERELBEKE-MELLE · Resignation: Yves HEYLEN (director)
- · Gazette deed 1 statutory auditor appointed, 1 statutory auditor resigningResignation: KPMG Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representative: Tina Burm · Appointment: VGD Bedrijfsrevisoren (statutory auditor)
- · Gazette deed 1 director appointed, 1 statutory auditor appointed, 1 director reappointedAppointments: Yves HEYLEN (director) and KPMG Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representative: Joachim Hoebeeck · Reappointment: Dr HEINIGER Philippe (director)
Comparable companies
These companies have the same main activity as TORMAX BELGIUM: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €5.5m and €14m, founded between 1979 and 2000.
| Company | Total assets | Turnover |
|---|---|---|
| TORMAX BELGIUM Merelbeke-Melle | €10.9m | €12.7m |
| THIELEMANS & C° Merchtem | €7.3m | €15.8m |
| Verano BE Brussels | €10.4m | €21.2m |
| BUZZISPACE Antwerp | €13.6m | €22.2m |
| VIMAR Schaerbeek | €12.1m | €26.7m |
| Keukenontwerpers Hasselt | €7.5m | €17.5m |
| TECNOSPACE Antwerp | €5.5m | €12.4m |
Key facts about TORMAX BELGIUM
- What is the company number of TORMAX BELGIUM?
- The company number of TORMAX BELGIUM is 0424.842.083. The VAT number is the same number with BE in front: BE 0424.842.083.
- Where is TORMAX BELGIUM based?
- The registered office is at Gontrode Heirweg 328, 9090 Merelbeke-Melle.Company details
- What does TORMAX BELGIUM do?
- According to the KBO register, the main activity is other building finishing work (NACE 43350).
- What is the legal form of TORMAX BELGIUM?
- TORMAX BELGIUM is a public limited company (NV).
- When was TORMAX BELGIUM founded?
- TORMAX BELGIUM was founded on 01-12-1983.
- Is TORMAX BELGIUM still active?
- Yes, TORMAX BELGIUM is an active enterprise in the KBO register.
- How many employees does TORMAX BELGIUM have?
- TORMAX BELGIUM had an average of 64.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does TORMAX BELGIUM fall under?
- In its 2024 annual accounts, TORMAX BELGIUM states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TORMAX BELGIUM?
- The turnover of TORMAX BELGIUM was €12.7m in financial year 2024, according to the filed annual accounts.
- Is TORMAX BELGIUM profitable?
- In financial year 2024, TORMAX BELGIUM made a profit of €717,533.
- Where can I find the annual accounts of TORMAX BELGIUM?
- TORMAX BELGIUM filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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