Equity
€313,062 ▲ 253%
Equity rose in 2025 from €88,686 to €313,062.
TORVAN
Lifetime
4 annual accounts with figures on one time axispeak €313,581 (2025)
€313,581▲ 29.9%
lowest -€61,304 (2024)
€224,376▲ €285,680
peak €313,062 (2025)
€313,062▲ 253%
€299,840▼ 65.5%
Board3 names since 2021
2 directors and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €241,451 to €313,581Back to profit: €224,376Equity from €88,686 to €313,062Debts from €869,230 to €299,840Cash from €391,830 to €226,172
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,780 companies had the same profile as TORVAN has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,780 companies, not a prediction for TORVAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director
Director
Auditor
- general partnerdeed of 02-09-2021
- founderdeed of 02-09-2021
Shares in 6 companies, including and
Board & ownershipRecent changes
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Tielt
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0772747629
1 statutory auditor appointed, 1 director appointed
Change of role: , from sole manager to director · Appointments: (statutory auditor) and (director) · Legal-form conversion: from limited partnership to private limited company · General meeting of 15-12-2022 · Gazette deed
Resignation: (manager)
Director discharge: (manager) · General meeting of 03-09-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TORVAN Wevelgem | €612,902 | €313,581 | 51.1% | - |
| VAN CAILLIE & CO Jabbeke | €689,945 | €417,716 | 32.3% | 0 |
| MODELKA Kortrijk | €612,421 | €459,799 | 28.2% | 4.7 |
| Bouwwerken Snoeck Merelbeke-Melle | €553,156 | €275,559 | 35.2% | - |
| Seven-Days Renovating Dreams Nazareth-De Pinte | €746,022 | €379,121 | 8.7% | - |
| X-Pand Berlaar | €724,884 | €259,166 | 70.9% | - |
| MANTA CONSTRUCT Sint-Truiden | €589,504 | €201,231 | 38.8% | - |
These companies have the same main activity as TORVAN: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €553,000 and €746,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 12-07-2021Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.320.983.8318560 Wevelgem, since 18-08-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- ≈ €550,000estimated
- €612,902▼ 36.0%
- ≈ 0.5 FTEestimated
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to TORVAN
Subsidiaries and holdings
- 50%
- 35%
- 25%
- 10%
Insights on TORVAN
TORVAN files the micro format. That format states no turnover. The gross margin rose from €8,645 in 2022 to €313,581 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TORVAN
- What is the company number of TORVAN?
- The company number of TORVAN is 0772.747.629. The VAT number is the same number with BE in front: BE 0772.747.629.
- Where is TORVAN based?
- The registered office is at Guldensporenstraat 62, 8560 Wevelgem.Company details
- What does TORVAN do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of TORVAN?
- TORVAN is a private limited company (BV).
- When was TORVAN founded?
- TORVAN was founded on 12-07-2021.
- Is TORVAN still active?
- Yes, TORVAN is an active enterprise in the KBO register.
- What is the turnover of TORVAN?
- The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €313,581 and 43 comparable companies (NACE 681). It probably lies between €410,000 and €910,000.Financials
- Is TORVAN profitable?
- In financial year 2025, TORVAN made a profit of €224,376.
- Where can I find the annual accounts of TORVAN?
- TORVAN filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TORVAN due?
- TORVAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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