TORNATECH EUROPE
ActiveSummary
TORNATECH EUROPE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.33M and a net result of €1.11M. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 50% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+1
Solvency70▲+5
Growth77=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 2.74 against 2.03 in 2024; short-term debt: 16.8% and cash: 9.5% of total assets), but 54.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.5%
Return on assets
15.1%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-02-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
146 d late
2023
105 d early
2022
79 d early
2021
54 d early
2020
77 d early
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.87M▲ 21.5%
2019 · €4.01M
2018: €3.82Mlowest in 3 years
2019: €4.01M▲ +4.9% vs 2018
2020: €4.87M▲ +21.5% vs 2019highest in 3 years
2018 → 2020
EBIT margin
11.0%▼ 1.0pp
2019 · 12.0%
2018: 11.6%
2019: 12.0%▲ +3.6% vs 2018highest in 3 years
2020: 11.0%▼ -8.7% vs 2019lowest in 3 years
2018 → 2020
Net result
€1.11M▲ 0.4%
2024 · €1.10M
2018: €259k
2019: €302k▲ +16.6% vs 2018
2020: €322k▲ +6.4% vs 2019
2021: €441k▲ +37.0% vs 2020
2022: €144k▼ -67.3% vs 2021lowest in 8 years
2023: €944k▲ +554% vs 2022
2024: €1.10M▲ +16.9% vs 2023
2025: €1.11M▲ +0.4% vs 2024highest in 8 years
2018 → 2025
Working capital
€2.15M▲ 22.2%
2024 · €1.76M
2018: €995klowest in 8 years
2019: €1.31M▲ +31.6% vs 2018
2020: €1.20M▼ -8.2% vs 2019
2021: €1.51M▲ +25.9% vs 2020
2022: €1.63M▲ +7.6% vs 2021
2023: €1.55M▼ -4.6% vs 2022
2024: €1.76M▲ +13.3% vs 2023
2025: €2.15M▲ +22.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.66M-€1.80M▲ 8.7%€2.75M▲ 52.3%€3.04M▲ 10.5%€3.33M▲ 9.7%
2021: €1.66Mlowest in 5 years
2022: €1.80M▲ +8.7% vs 2021
2023: €2.75M▲ +52.3% vs 2022
2024: €3.04M▲ +10.5% vs 2023
2025: €3.33M▲ +9.7% vs 2024highest in 5 years
Operating result€550k-€322k▼ 41.5%€1.36M▲ 322%€1.63M▲ 20.3%€1.67M▲ 2.4%
2021: €550k
2022: €322k▼ -41.5% vs 2021lowest in 5 years
2023: €1.36M▲ +322% vs 2022
2024: €1.63M▲ +20.3% vs 2023
2025: €1.67M▲ +2.4% vs 2024highest in 5 years
Net result€441k-€144k▼ 67.3%€944k▲ 554%€1.10M▲ 16.9%€1.11M▲ 0.4%
2021: €441k
2022: €144k▼ -67.3% vs 2021lowest in 5 years
2023: €944k▲ +554% vs 2022
2024: €1.10M▲ +16.9% vs 2023
2025: €1.11M▲ +0.4% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.33M
Fixed assets
€3.94M ▼ 4.5%
Current assets
€3.38M ▼ 2.5%
Equity and liabilities €7.33M
Equity
€3.33M ▲ 9.7%
Provisions
€19k ▼ 27.5%
Debt
€3.98M ▼ 12.4%
Debt's share of the balance-sheet total falls from 59.7% to 54.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.91M▲
2024 · €1.85M
Cash flow
€1.35M▲
2024 · €1.33M
Current ratio
2.74▲
2024 · 2.03
Quick ratio
1.70▲
2024 · 1.27
Debt to equity
1.19▼
2024 · 1.49
ROE
33.2%▼
2024 · 36.3%
ROA
15.1%▲
2024 · 14.5%
Interest coverage
12.90▼
2024 · 13.33
Debt ≤ 1 year
€1.23M▼
2024 · €1.71M
Debt > 1 year
€2.65M▼
2024 · €2.83M
Income taxes
€423k▲
2024 · €389k
Staff costs
€1.85M▼
2024 · €2.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.60M€7.33M▼
Fixed assets21/28€4.13M€3.94M▼
Tangible fixed assets22/27€4.11M€3.92M▼
Land and buildings22€3.84M€3.74M▼
Furniture and vehicles24€266k€185k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€19k€20k▲
Current assets29/58€3.47M€3.38M▼
Stocks and contracts in progress3€1.30M€1.29M▼
Stocks30/36€1.30M€1.29M▼
Amounts receivable within one year40/41€1.38M€1.40M▲
Trade receivables40€1.19M€1.22M▲
Other amounts receivable41€194k€179k▼
Cash at bank and in hand54/58€788k€695k▼
Equity and liabilities
Total equity and liabilities10/49€7.60M€7.33M▼
Equity10/15€3.04M€3.33M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€2.97M€3.27M▲
Provisions and deferred taxes16€26k€19k▼
Provisions for liabilities and charges160/5€26k€19k▼
Other liabilities and charges164/5€26k€19k▼
Amounts payable17/49€4.54M€3.98M▼
Amounts payable after more than one year17€2.83M€2.65M▼
Financial debts170/4€2.83M€2.65M▼
Amounts payable within one year42/48€1.71M€1.23M▼
Current portion of amounts payable after more than one year42€576k€179k▼
Trade debts44€726k€686k▼
Suppliers440/4€726k€686k▼
Taxes, remuneration and social security45€411k€369k▼
Taxes450/3€13k€27k▲
Remuneration and social security454/9€398k€342k▼
Accrued charges and deferred income492/3-€95k
Income statement
Code20242025
Remuneration, social security and pensions62€2.00M€1.85M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€223k€241k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€106k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€16k-
Other operating charges640/8€8k€200▼
Non-recurring operating charges66A€4k€15k▲
Gross operating margin9900€3.90M€3.88M▼
Operating profit (loss)9901€1.63M€1.67M▲
Financial income75/76B-€8k
Recurring financial income75-€8k
Non-recurring financial income76B-€8k
Financial charges65/66B€139k€148k▲
Recurring financial charges65€139k€148k▲
Profit (loss) for the period before taxes9903€1.49M€1.53M▲
Income taxes67/77€389k€423k▲
Profit (loss) for the period9904€1.10M€1.11M▲
Profit (loss) for the period to be appropriated9905€1.10M€1.11M▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.78M€4.08M▲
Profit (loss) brought forward from the previous period14P€2.68M€2.97M▲
Profit to be distributed694/7€814k€813k▼
Return on contributions (dividend)694€814k€813k▼
Social balance
Average headcount (FTE)908726.426.4=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.23M | €1.73M | €2.00M | €1.85M | ▼ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €19k | €165k | €223k | €241k | ▲ 7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6k | €-20k | €12k | €106k | ▲ 822% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €11k | €-7k | €16k | - | - |
| Other operating charges640/8 | - | €8k | €21k | €8k | €200 | ▼ 97.5% |
| Non-recurring operating charges66A | - | - | €4k | €4k | €15k | ▲ 253% |
| Gross operating margin9900 | €1.66M | €1.60M | €3.24M | €3.90M | €3.88M | ▼ 0.4% |
| Operating profit (loss)9901 | €550k | €322k | €1.36M | €1.63M | €1.67M | ▲ 2.4% |
| Financial income75/76B | - | €104 | €22k | - | €8k | - |
| Recurring financial income75 | €4k | €104 | €22k | - | €8k | - |
| Non-recurring financial income76B | - | - | - | - | €8k | - |
| Financial charges65/66B | - | €99k | €102k | €139k | €148k | ▲ 6.5% |
| Recurring financial charges65 | €685 | €99k | €102k | €139k | €148k | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €554k | €223k | €1.28M | €1.49M | €1.53M | ▲ 2.6% |
| Income taxes67/77 | €113k | €79k | €331k | €389k | €423k | ▲ 9.0% |
| Profit (loss) for the period9904 | €441k | €144k | €944k | €1.10M | €1.11M | ▲ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €441k | €144k | €944k | €1.10M | €1.11M | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.63M | €5.19M | €8.19M | €7.60M | €7.33M | ▼ 3.6% |
| Fixed assets21/28 | €211k | €2.02M | €4.21M | €4.13M | €3.94M | ▼ 4.5% |
| Tangible fixed assets22/27 | €193k | €2.00M | €4.20M | €4.11M | €3.92M | ▼ 4.6% |
| Land and buildings22 | - | €578k | €3.87M | €3.84M | €3.74M | ▼ 2.7% |
| Furniture and vehicles24 | - | €75k | €324k | €266k | €185k | ▼ 30.7% |
| Other tangible fixed assets26 | - | €1k | €2k | €5k | €4k | ▼ 22.2% |
| Assets under construction and advance payments27 | - | €1.35M | - | - | - | - |
| Financial fixed assets28 | €18k | €15k | €9k | €19k | €20k | ▲ 3.0% |
| Current assets29/58 | €2.42M | €3.17M | €3.98M | €3.47M | €3.38M | ▼ 2.5% |
| Stocks and contracts in progress3 | €703k | €1.14M | €1.69M | €1.30M | €1.29M | ▼ 0.9% |
| Stocks30/36 | - | €1.14M | €1.69M | €1.30M | €1.29M | ▼ 0.9% |
| Amounts receivable within one year40/41 | €1.19M | €1.51M | €1.74M | €1.38M | €1.40M | ▲ 1.2% |
| Trade receivables40 | - | €1.33M | €1.28M | €1.19M | €1.22M | ▲ 2.6% |
| Other amounts receivable41 | - | €173k | €460k | €194k | €179k | ▼ 7.4% |
| Cash at bank and in hand54/58 | €520k | €527k | €544k | €788k | €695k | ▼ 11.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.63M | €5.19M | €8.19M | €7.60M | €7.33M | ▼ 3.6% |
| Equity10/15 | €1.66M | €1.80M | €2.75M | €3.04M | €3.33M | ▲ 9.7% |
| Contributions10/11 | - | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €2k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €1.64M | €1.74M | €2.68M | €2.97M | €3.27M | ▲ 9.9% |
| Provisions and deferred taxes16 | €7k | €18k | €10k | €26k | €19k | ▼ 27.5% |
| Provisions for liabilities and charges160/5 | - | €18k | €10k | €26k | €19k | ▼ 27.5% |
| Other liabilities and charges164/5 | - | €18k | €10k | €26k | €19k | ▼ 27.5% |
| Amounts payable17/49 | €960k | €3.36M | €5.43M | €4.54M | €3.98M | ▼ 12.4% |
| Amounts payable after more than one year17 | - | €1.81M | €3.00M | €2.83M | €2.65M | ▼ 6.3% |
| Financial debts170/4 | - | €1.81M | €3.00M | €2.83M | €2.65M | ▼ 6.3% |
| Amounts payable within one year42/48 | €905k | €1.54M | €2.43M | €1.71M | €1.23M | ▼ 27.9% |
| Current portion of amounts payable after more than one year42 | - | €116k | €572k | €576k | €179k | ▼ 68.9% |
| Financial debts43 | - | - | €568k | - | - | - |
| Other loans439 | - | - | €568k | - | - | - |
| Trade debts44 | €629k | €1.17M | €894k | €726k | €686k | ▼ 5.5% |
| Suppliers440/4 | - | €1.17M | €894k | €726k | €686k | ▼ 5.5% |
| Taxes, remuneration and social security45 | - | €255k | €394k | €411k | €369k | ▼ 10.1% |
| Taxes450/3 | - | €88k | €13k | €13k | €27k | ▲ 115% |
| Remuneration and social security454/9 | - | €167k | €382k | €398k | €342k | ▼ 14.1% |
| Accrued charges and deferred income492/3 | - | €11k | - | - | €95k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €441k | €144k | €944k | €1.10M | €1.11M | ▲ 0.4% |
| + Depreciation and write-downs630 | €13k | €19k | €165k | €223k | €241k | ▲ 7.9% |
| Operating cash flow (approximation) | €454k | €163k | €1.11M | €1.33M | €1.35M | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €-1.83M | €-2.36M | €-145k | €-53k | ▲ 63.4% |
| Change in cash | - | €7k | €17k | €244k | €-93k | ▼ 138% |
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
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2018net €1.11M ▲0.4%
Operating result €1.67M, net result €1.11M, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 146 days late
2024
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €2MEq €2.75M ▲52.3%
6 profitable years in a row build equity to €2.75M.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Weakest financial yearnet €144k ▼67.3%
Net result drops to €144k, the lowest in the series; recovery starts the following year.
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
12 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, Mont-Saint-Guibert · 1 establishment unit since 2010
Ground area
997 m²
Building footprint
96 m²
Volume, LiDAR
487 m³
Parcel 25068B0069/00L000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TORNATECH EUROPE
since 20102.192.990.252
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0069/00L000 | Wallonia | 997 m² | 1 · 96 m² | 6.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMont-Saint-Guibert2.192.990.252
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Of 1,075 companies in sector 46140 we hold annual accounts for 645. 214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-10-2010
Fiscal year end30-09
Activities, NACEBEL 2025
27120Manufacture of electrical equipment
46140Agents in the wholesale of industrial machinery, ships and aircraft
28990Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.