TORSK
ActiveTORSK has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-24k) and a net result of €-26k. Equity is shrinking by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 3614 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
5
/ 100
Critical▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+33
Solvency34▲+29
Growth22=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.69 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
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
-7.9%
Return on assets
-8.6%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€24k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
on the day
2022
50 d early
2021
20 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€86k▲ 69.4%
2024 · €51k
2018: €178k
2019: €174k
2020: €127k
2021: €145k
2022: €92k
2023: €72k
2024: €51k
2018 → 2025
EBIT margin
-17.5%▲ 26.9pp
2024 · -44.4%
2018: 7.5%
2019: 8.0%
2020: 24.6%
2021: 14.5%
2022: -55.8%
2023: -41.1%
2024: -44.4%
2018 → 2025
Net result
€-26k▲ 24.8%
2024 · €-35k
2018: €2k
2019: €5k
2020: €108
2021: €5k
2022: €-58k
2023: €-39k
2024: €-35k
2018 → 2025
Working capital
€-141k▼ 79.9%
2024 · €-78k
2018: €-50k
2019: €-39k
2020: €-6k
2021: €10k
2022: €-21k
2023: €-39k
2024: €-78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€145k-€92k▼ 36.8%€72k▼ 21.1%€51k▼ 29.9%€86k▲ 69.4%
Equity€139k-€80k▼ 42.8%€39k▼ 51.3%€2k▼ 94.6%€-24k
Operating result€21k-€-51k€-30k▲ 41.9%€-23k▲ 24.2%€-15k▲ 33.1%
Net result€5k-€-58k€-39k▲ 32.4%€-35k▲ 10.5%€-26k▲ 24.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307k
Fixed assets
€137k▲ 32.7%
Current assets
€170k▼ 3.6%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-19k
Cash flow
€-14k▲
2024 · €-32k
Solvency
-7.9%▼
2024 · 0.7%
Current ratio
0.55▼
2024 · 0.69
Quick ratio
0.04▲
2024 · 0.03
Debt / equity
-13.61
ROE
108.6%
ROA
-8.6%▲
2024 · -12.6%
Interest coverage
-0.24▲
2024 · -1.51
Debt
€331k▲
2024 · €278k
Debt ≤ 1 year
€311k▲
2024 · €255k
Debt > 1 year
€20k▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€280k€307k▲
Fixed assets21/28€103k€137k▲
Tangible fixed assets22/27€102k€136k▲
Land and buildings22€101k€98k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€2k€34k▲
Financial fixed assets28€500€500=
Current assets29/58€177k€170k▼
Stocks and contracts in progress3€168k€158k▼
Stocks30/36€168k€158k▼
Amounts receivable within one year40/41€7k€12k▲
Trade receivables40€2k€2k▲
Other amounts receivable41€5k€10k▲
Cash at bank and in hand54/58€2k€302▼
Equity and liabilities
Total equity and liabilities10/49€280k€307k▲
Equity10/15€2k€-24k▼
Contributions10/11€124k€124k=
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€-148k€-174k▼
Amounts payable17/49€278k€331k▲
Amounts payable after more than one year17€22k€20k▼
Financial debts170/4€9k€15k▲
Trade debts175€14k€5k▼
Amounts payable within one year42/48€255k€311k▲
Taxes, remuneration and social security45€480€10k▲
Taxes450/3€480€10k▲
Other amounts payable47/48€255k€302k▲
Income statement
Code20242025
Turnover70€51k€86k▲
Non-recurring operating income76A€32k€27k▼
Goods, raw materials, services and sundry goods60/61€77k€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€12k▲
Other operating charges640/8€25k€20k▼
Gross operating margin9900€6k€17k▲
Operating profit (loss)9901€-23k€-15k▲
Financial income75/76B-€4
Recurring financial income75-€4
Non-recurring financial income76B-€4
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€11k▼
Profit (loss) for the period before taxes9903€-35k€-26k▲
Profit (loss) for the period9904€-35k€-26k▲
Profit (loss) for the period to be appropriated9905€-35k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-146k€-174k▼
Profit (loss) brought forward from the previous period14P€-111k€-148k▼
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-58k ▼1160%
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €5k ▲5000%
Net result €5k, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bethovenstraat 612960 BrechtGround area
2,801 m²
Building footprint
372 m²
Volume, LiDAR
1,922 m³
Parcel 11333D0732/00B000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bethovenstraat 61, 2960 Brecht
since 19872.033.753.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0732/00B000 | Flanders | 2,801 m² | 1 · 372 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 20,234 companies in sector 56111 we hold annual accounts for 11,312. 2,838 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-11-1986
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55401
55522
56210Event catering
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@torsk.be