TORUS
ActiveSummary
TORUS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-78k) and a net result of €-22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.15 in 2024; short-term debt: 913.7% and cash: 0.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-813.7%
Return on assets
-227%
Age of the figures
12 mo
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-78k
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
7 d early
2022
4 d early
2021
2 d early
2020
10 d late
2019
35 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
History
Financials · fiscal year 2025, micro schema
Equity
€-78k▼ 38.7%
2024 · €-56k
Total assets
€10k▼ 9.3%
2024 · €11k
Net result
€-22k▼ 33.0%
2024 · €-16k
Working capital
€-81k▼ 41.3%
2024 · €-57k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-20k€-22k▼ 10.7%€-24k▼ 9.2%€-15k▲ 36.9%€-21k▼ 39.0%
Net result€-21k€-22k▼ 5.3%€-25k▼ 10.9%€-16k▲ 33.7%€-22k▼ 33.0%
Equity€-6k€-15k▼ 145%€-40k▼ 162%€-56k▼ 41.0%€-78k▼ 38.7%
Total assets€48k▲ 36.7%€33k▼ 29.6%€18k▼ 46.9%€11k▼ 40.3%€10k▼ 9.3%
Debt€54k▲ 172%€49k▼ 9.4%€58k▲ 18.5%€67k▲ 16.0%€88k▲ 31.1%
Working capital€-9k€-18k▼ 107%€-41k▼ 129%€-57k▼ 40.7%€-81k▼ 41.3%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €15k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€2k ▲ 238%
Current assets
€7k ▼ 27.8%
Key figures and ratios
EBITDA
€-21k▼
2024 · €-15k
Cash flow
€-21k▼
2024 · €-16k
Solvency
-813.7%▼
2024 · -532.0%
Current ratio
0.08▼
2024 · 0.15
Debt to equity
-1.12▲
2024 · -1.19
ROA
-227.0%▼
2024 · -154.7%
Interest coverage
-26.58▼
2024 · -16.51
Debt ≤ 1 year
€88k▲
2024 · €67k
Income taxes
€9▼
2024 · €362
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €500 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €134 | €486 | ▲ 262% |
| Other operating charges640/8 | €16k | €2k | €1k | €1k | €895 | ▼ 39.6% |
| Gross operating margin9900 | €-2k | €-18k | €-21k | €-13k | €-20k | ▼ 45.4% |
| Operating profit (loss)9901 | €-20k | €-22k | €-24k | €-15k | €-21k | ▼ 39.0% |
| Financial income75/76B | €5 | €0 | €0 | €1 | - | - |
| Recurring financial income75 | €5 | €0 | €0 | €1 | - | - |
| Financial charges65/66B | €668 | €493 | €500 | €907 | €772 | ▼ 14.9% |
| Recurring financial charges65 | €668 | €493 | €500 | €907 | €772 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | €-20k | €-22k | €-24k | €-16k | €-22k | ▼ 36.0% |
| Income taxes67/77 | €691 | €-152 | €249 | €362 | €9 | ▼ 97.6% |
| Profit (loss) for the period9904 | €-21k | €-22k | €-25k | €-16k | €-22k | ▼ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-22k | €-25k | €-16k | €-22k | ▼ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €33k | €18k | €11k | €10k | ▼ 9.3% |
| Fixed assets21/28 | €4k | €2k | €600 | €736 | €2k | ▲ 238% |
| Tangible fixed assets22/27 | €4k | €2k | €134 | - | €2k | - |
| Furniture and vehicles24 | €4k | €2k | €134 | - | €2k | - |
| Financial fixed assets28 | €466 | €466 | €466 | €736 | €736 | = |
| Current assets29/58 | €43k | €31k | €17k | €10k | €7k | ▼ 27.8% |
| Amounts receivable within one year40/41 | €40k | €30k | €15k | €8k | €7k | ▼ 12.9% |
| Trade receivables40 | €29k | €21k | €8k | €5k | €3k | ▼ 33.2% |
| Other amounts receivable41 | €10k | €9k | €7k | €4k | €4k | ▲ 13.1% |
| Cash at bank and in hand54/58 | €3k | €942 | €2k | €2k | €24 | ▼ 98.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €33k | €18k | €11k | €10k | ▼ 9.3% |
| Equity10/15 | €-6k | €-15k | €-40k | €-56k | €-78k | ▼ 38.7% |
| Contributions10/11 | €41k | €41k | €41k | €41k | €41k | = |
| Outside capital11 | €41k | - | - | - | - | - |
| Other1109/19 | €41k | - | - | - | - | - |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-48k | €-57k | €-82k | €-98k | €-120k | ▼ 22.1% |
| Amounts payable17/49 | €54k | €49k | €58k | €67k | €88k | ▲ 31.1% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Financial debts170/4 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €52k | €49k | €58k | €67k | €88k | ▲ 31.1% |
| Current portion of amounts payable after more than one year42 | €3k | €2k | - | - | - | - |
| Trade debts44 | €8k | €8k | €2k | €7k | €9k | ▲ 33.2% |
| Suppliers440/4 | €8k | €8k | €2k | €7k | €9k | ▲ 33.2% |
| Taxes, remuneration and social security45 | €6k | €6k | €499 | €365 | €183 | ▼ 49.7% |
| Taxes450/3 | €6k | €6k | €499 | €365 | €183 | ▼ 49.7% |
| Other amounts payable47/48 | €35k | €33k | €56k | €59k | €78k | ▲ 31.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-22k | €-25k | €-16k | €-22k | ▼ 33.0% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €134 | €486 | ▲ 262% |
| Operating cash flow (approximation) | €-19k | €-20k | €-23k | €-16k | €-21k | ▼ 31.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-270 | €-2k | ▼ 728% |
| Change in cash | - | €-2k | €1k | €-536 | €-2k | ▼ 215% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
30-09
Financial
Highest result since 2018net €7k ▲423%
Operating result €8k, net result €7k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 2.38
Current ratio from 0.92 to 2.38; short-term debt falls from €30k to €14k.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Antwerpen · 1 establishment unit since 1989
Ground area
309 m²
Building footprint
289 m²
Volume, LiDAR
1,993 m³
Parcel 11805E0747/00P003, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TORUS
since 19892.045.138.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0747/00P003 | Flanders | 309 m² | 1 · 289 m² | 12.2 m · 3 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.
Similar companies · same sector, comparable size
CAPTSON
BE 0453.835.482
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Clair
BE 1019.604.117
Deinze · Eq €15,236
FDFA
BE 0662.349.553
Knokke-Heist · Eq €14,468
NEW ART GALLERY
BE 0453.782.133
Nivelles · Eq €14,398
LE MOURILLON
BE 0452.055.929
Namur · Eq €15,747
Of 1,435 companies in sector 47791 we hold annual accounts for 456. 246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-1989
Fiscal year end30-09
Activities, NACEBEL 2025
47791Retail sale of antiques
Scores and ratios are computed by Checked and are not a credit decision.