Financials
- Financial year
- 2025
- Turnover
- €358,808
- Profit
- €125.2m
- Solvency
- 91.7%
Turnover▼ 1.4%
Net result
20242025
Summary
TOSALU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €98.1m and a net result of €125.2m. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 80% of 3,018 sector peers (NACE 64, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
Largest company by equity in Kortemark1 site
Size
€358,808turnover 2025
- Staff
- 0.2 FTE
- Equity
- €98.1m
- Profit
- €125.2m
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Largest shareholder
- APLOS · 19.12%
- Board
- 5 members
- Holdings
- 1
2025 accounts filed 31 days late3 of 11 deeds summarised
Signalslowers riskGrowing equityneutralA punctual record breaksShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €98.1m
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
2 days early
2023
23 days early
2022
11 days early
2021
25 days late
2020
12 days early
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2018 to 2025net €125.2m ▲753%
- Liquidity more than 16 timescurrent ratio 4.66
Key points
By topic
Board & ownership
- Board
- 5 members
- Largest shareholder
- APLOS · 19.12%
- APIS INVESTMENTDirector
- BERNADETTE DEBRUYNEDirector
- JOSE DE VOLDERDirector
- DEBRUYNEBernadetteDirector
- PRINCIP.AIDirector
Network & group
- Subsidiaries, all levels
- 23
- Direct holdings
- 1
23 subsidiaries
Timeline
- Events
- 43
- Since
- 1992
- Next accounts
- by 31-07-2027
- 31-12-2025Equity above €50m
- 29-07-2025Annual accounts filed
- 21-05-2025Resignations: DEBRUYNEBernadette, DEVOLDERJosé and 3 others
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Activities of holding companiesNACE 64210
- Founded
- 18-09-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 20
- Annual meeting
- First Thursday of June at 14:00
- Purpose
- “Alleindustriële,commerciële,financiële,roerendeenonroerendactiviteitendierechtstreeksofonr…” (deed in Dutch)
Key facts about TOSALU
- What is the company number of TOSALU?
- 0442.122.535. In Belgium the VAT number is the company number with BE in front: BE 0442.122.535.
- Where is TOSALU based?
- The registered office is at Ellestraat 16, 8610 Kortemark.Company details
- What does TOSALU do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of TOSALU?
- Public limited company (NV).
- When was TOSALU founded?
- On 18-09-1990.
- Is TOSALU still active?
- Yes, TOSALU is an active enterprise in the KBO register.
- How many employees does TOSALU have?
- On average 0.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of TOSALU?
- €358,808 in financial year 2025, according to the filed annual accounts.
- Is TOSALU profitable?
- In financial year 2025, TOSALU made a profit of €125.2m.
- Where can I find the annual accounts of TOSALU?
- TOSALU filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TOSALU due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to TOSALU
Shareholders
- APLOS19.12%
- JMW Participaties19.12%
- SEFRAM19.12%
Subsidiaries and holdings
- 3 D60%
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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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