TOS
ActiveSummary
TOS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €8k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-18
Solvency84▼-3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 10.96 against 12.3 in 2024; short-term debt: 9.1% and cash: 46.3% of total assets), and 40.7% of the assets are financed with debt.
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Signals
Four 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 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% 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
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
59.3%
Return on assets
3.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
17 d early
2023
33 d early
2022
11 d early
2021
40 d early
2020
16 d early
2019
18 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€126k▲ 6.6%
2024 · €118k
Total assets
€213k▲ 10.8%
2024 · €192k
Net result
€8k▼ 63.5%
2024 · €21k
Working capital
€193k▲ 9.7%
2024 · €176k
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€10k€17k▲ 79.3%€17k▲ 1.2%€21k▲ 21.6%€8k▼ 63.6%
Net result€10k€17k▲ 79.1%€17k▼ 1.2%€21k▲ 23.7%€8k▼ 63.5%
Equity€63k▲ 18.4%€80k▲ 27.8%€97k▲ 21.5%€118k▲ 21.9%€126k▲ 6.6%
Total assets€173k▼ 1.4%€123k▼ 28.8%€213k▲ 73.0%€192k▼ 10.0%€213k▲ 10.8%
Debt€110k▼ 9.9%€43k▼ 60.8%€116k▲ 168%€73k▼ 36.7%€87k▲ 17.8%
Working capital€160k▼ 4.2%€112k▼ 29.8%€177k▲ 57.6%€176k▼ 0.8%€193k▲ 9.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€521 =
Current assets
€212k ▲ 10.9%
Equity and liabilities €213k
Equity
€126k ▲ 6.6%
Debt
€87k ▲ 17.8%
Debt's share of the balance-sheet total rises from 38.3% to 40.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
10.96▼
2024 · 12.30
Debt to equity
0.69▲
2024 · 0.62
ROE
6.1%▼
2024 · 18.0%
ROA
3.6%▼
2024 · 11.1%
Debt ≤ 1 year
€19k▲
2024 · €16k
Income taxes
€65▲
2024 · €61
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €530 | €897 | €791 | €499 | ▼ 36.9% |
| Gross operating margin9900 | €11k | €18k | €18k | €22k | €8k | ▼ 62.6% |
| Operating profit (loss)9901 | €10k | €17k | €17k | €21k | €8k | ▼ 63.6% |
| Financial income75/76B | - | €404 | €54 | €249 | €392 | ▲ 57.4% |
| Recurring financial income75 | €236 | €404 | €54 | €249 | €392 | ▲ 57.4% |
| Financial charges65/66B | - | €259 | €305 | €197 | €322 | ▲ 63.5% |
| Recurring financial charges65 | €128 | €259 | €305 | €197 | €322 | ▲ 63.5% |
| Profit (loss) for the period before taxes9903 | €10k | €17k | €17k | €21k | €8k | ▼ 63.3% |
| Income taxes67/77 | €50 | €55 | €61 | €61 | €65 | ▲ 6.6% |
| Profit (loss) for the period9904 | €10k | €17k | €17k | €21k | €8k | ▼ 63.5% |
| Profit (loss) for the period to be appropriated9905 | €10k | €17k | €17k | €21k | €8k | ▼ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173k | €123k | €213k | €192k | €213k | ▲ 10.8% |
| Fixed assets21/28 | €521 | €521 | €521 | €521 | €521 | = |
| Financial fixed assets28 | €521 | €521 | €521 | €521 | €521 | = |
| Current assets29/58 | €172k | €123k | €213k | €191k | €212k | ▲ 10.9% |
| Amounts receivable within one year40/41 | €62k | €50k | €86k | €58k | €84k | ▲ 44.0% |
| Trade receivables40 | - | €936 | €42k | €20k | €43k | ▲ 118% |
| Other amounts receivable41 | - | €49k | €43k | €39k | €41k | ▲ 6.4% |
| Cash at bank and in hand54/58 | €77k | €66k | €107k | €115k | €98k | ▼ 14.7% |
| Deferred charges and accrued income490/1 | - | €6k | €20k | €18k | €30k | ▲ 68.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173k | €123k | €213k | €192k | €213k | ▲ 10.8% |
| Equity10/15 | €63k | €80k | €97k | €118k | €126k | ▲ 6.6% |
| Contributions10/11 | €33k | €33k | €33k | €33k | €33k | = |
| Capital10 | - | €33k | €33k | - | - | - |
| Issued capital100 | - | €33k | €33k | - | - | - |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | - | - | - |
| Legal reserve130 | - | €3k | €3k | - | - | - |
| Distributable reserves133 | - | - | - | €3k | €3k | = |
| Profit (loss) carried forward14 | €26k | €43k | €60k | €82k | €89k | ▲ 9.5% |
| Amounts payable17/49 | €110k | €43k | €116k | €73k | €87k | ▲ 17.8% |
| Amounts payable within one year42/48 | €12k | €10k | €36k | €16k | €19k | ▲ 24.5% |
| Trade debts44 | €11k | €8k | €32k | €11k | €16k | ▲ 48.3% |
| Suppliers440/4 | - | €8k | €32k | €11k | €16k | ▲ 48.3% |
| Taxes, remuneration and social security45 | - | €3k | €4k | €3k | €3k | ▼ 10.3% |
| Taxes450/3 | - | €2k | €3k | €3k | €3k | ▼ 12.0% |
| Remuneration and social security454/9 | - | €500 | €500 | €500 | €500 | = |
| Other amounts payable47/48 | - | - | - | €1k | - | - |
| Accrued charges and deferred income492/3 | - | €33k | €81k | €58k | €67k | ▲ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €17k | €17k | €21k | €8k | ▼ 63.5% |
| Operating cash flow (approximation) | €10k | €17k | €17k | €21k | €8k | ▼ 63.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-11k | €41k | €8k | €-17k | ▼ 315% |
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
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €21k ▲23.7%
Operating result €21k, net result €21k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 12.30
Current ratio from 5.97 to 12.30; short-term debt falls from €36k to €16k.
30-06
Financial
Equity above €100kEq €118k ▲21.9%
4 profitable years in a row build equity to €118k.
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
16-01
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.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lier · 1 establishment unit since 1995
Ground area
152 m²
Building footprint
96 m²
Volume, LiDAR
668 m³
Parcel 12393F0286/00G009, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOS BVBA
since 19952.070.051.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393F0286/00G009 | Flanders | 152 m² | 1 · 96 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 427 EUR awarded · 427 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 427 EUR | 427 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
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Of 1,438 companies in sector 79110 we hold annual accounts for 881. 751 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
Founded23-11-1994
Fiscal year end30-06
Activities, NACEBEL 2025
79110Travel agency activities
Scores and ratios are computed by Checked and are not a credit decision.