TORSON
ActiveTORSON has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €687k and a net result of €4k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +37 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▲+3
Solvency96▼-3
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.48 in 2024), and 47.9% of the assets are financed with debt.
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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
52.1%
Return on assets
0.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
13 d late
2023
27 d late
2022
28 d late
2021
31 d late
2020
27 d late
2019
21 d early
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k
2024 · €-33k
2018: €42k
2019: €158k
2020: €-206k
2021: €-150k
2022: €65k
2023: €20k
2024: €-33k
2018 → 2025
Working capital
€650k▼ 1.4%
2024 · €659k
2018: €708k
2019: €915k
2020: €741k
2021: €575k
2022: €639k
2023: €683k
2024: €659k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€632k-€697k▲ 10.3%€717k▲ 2.9%€684k▼ 4.7%€687k▲ 0.5%
Operating result€-157k-€57k€14k▼ 75.5%€-39k€3k
Net result€-150k-€65k€20k▼ 69.1%€-33k€4k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €39k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.32M
Fixed assets
€39k▲ 47.7%
Current assets
€1.28M▲ 16.0%
Equity and liabilities €1.32M
Equity
€687k▲ 0.5%
Debt
€632k▲ 41.5%
The debt ratio rises from 39.5% to 47.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€17k▲
2024 · €-16k
Cash flow
€18k▲
2024 · €-10k
Solvency
52.1%▼
2024 · 60.5%
Current ratio
2.03▼
2024 · 2.48
Quick ratio
1.92▼
2024 · 2.44
Debt / equity
0.92▲
2024 · 0.65
ROE
0.5%▲
2024 · -4.9%
ROA
0.3%▲
2024 · -3.0%
Interest coverage
1.52▲
2024 · -1.89
Debt
€632k▲
2024 · €447k
Debt ≤ 1 year
€631k▲
2024 · €445k
Income taxes
€593▼
2024 · €655
Staff costs
€702k▼
2024 · €736k
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€1.13M€1.32M▲
Fixed assets21/28€26k€39k▲
Tangible fixed assets22/27€26k€38k▲
Plant, machinery and equipment23€10k€26k▲
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€12k€8k▼
Financial fixed assets28€556€556=
Current assets29/58€1.10M€1.28M▲
Stocks and contracts in progress3€19k€68k▲
Stocks30/36€19k€22k▲
Contracts in progress37-€46k
Amounts receivable within one year40/41€1.06M€1.09M▲
Trade receivables40€396k€450k▲
Other amounts receivable41€663k€642k▼
Cash at bank and in hand54/58€20k€111k▲
Deferred charges and accrued income490/1€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.32M▲
Equity10/15€684k€687k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€622k€625k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€57k€57k=
Distributable reserves133€559k€562k▲
Amounts payable17/49€447k€632k▲
Amounts payable within one year42/48€445k€631k▲
Financial debts43€47k€47k▼
Credit institutions430/8€47k€47k▼
Trade debts44€203k€372k▲
Suppliers440/4€203k€372k▲
Taxes, remuneration and social security45€112k€129k▲
Taxes450/3€22k€27k▲
Remuneration and social security454/9€90k€102k▲
Other amounts payable47/48€83k€83k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€35k€0▼
Remuneration, social security and pensions62€736k€702k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€14k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-7k
Other operating charges640/8€8k€13k▲
Gross operating margin9900€728k€725k▼
Operating profit (loss)9901€-39k€3k▲
Financial income75/76B€15k€13k▼
Recurring financial income75€15k€13k▼
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€-33k€4k▲
Income taxes67/77€655€593▼
Profit (loss) for the period9904€-33k€4k▲
Profit (loss) for the period to be appropriated9905€-33k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€4k▲
Transfer from equity791/2€33k€0▼
Transfer to equity691/2-€4k
To other reserves6921-€4k
Social balance
Average headcount (FTE)908710.710.9▲
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 13 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Back to profitnet €65k
Net result €65k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-206k ▼231%
Net result drops to €-206k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €158k ▲273%
Operating result €228k, net result €158k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Lummen · 1 establishment unit since 1989
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.
Europaweg 223560 LummenGround area
8,664 m²
Building footprint
3,474 m²
Parcel 71037A0278/00Z003, Flanders. Linked by address, not a title deed.
1 establishment unit
Europaweg 22, 3560 Lummen
since 19892.102.753.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A0278/00Z003 | Flanders | 8,664 m² | 1 · 3,474 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 353 EUR awarded · 929 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 750 EUR |
| 2022 | 1 | 353 EUR | 179 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
MA Precision
BE 0428.587.768
Aarschot · Eq €687k
METVICO
BE 0866.015.208
Pajottegem · Eq €685k
DE COCK SERVICES
BE 0811.066.389
Beveren-Kruibeke-Zwijndrecht · Eq €690k
Amt Lammertyn
BE 0463.688.704
Zedelgem · Eq €691k
GROEP CAL
BE 0465.361.656
Beringen · Eq €683k
Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 1,218 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-07-1989
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
28990Manufacture of machinery and equipment not elsewhere classified
29564
Sources
Crossroads Bank for EnterprisesNational Bank · 36 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.