TOSB
ActiveSummary
The computed 12-month bankruptcy probability of TOSB is 2.6% (moderate). The 2026 annual accounts show equity of €93,346 and a net result of €19,785. Its solvency ranks better than 39% of 164 sector peers (fiscal year 2026). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability62▲+48
Solvency47▲+1
Growth78
Track record82
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.92 in 2025; short-term debt: 44.9% and cash: 8.2% of total assets), and 78.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
21.8%
Return on assets
4.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 18-09-2026, 18 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 · 2 filingsDeviation from the deadline
2026
18 d late
2025
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19,785
2025 · -€20,640
Working capital
-€60,849▼ 528%
2025 · -€9,685
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
Line20252026
Operating result-€19,043-€28,568
Net result-€20,640-€19,785
Equity€78,962-€93,346▲ 18.2%
Total assets€375,532-€428,670▲ 14.2%
Debt€296,570-€335,324▲ 13.1%
Working capital-€9,685--€60,849▼ 528%
Staff (FTE)3.1-5.5▲ 77.4%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €28,568 after a loss of €19,043 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €424,315
Fixed assets
€292,656 ▲ 14.9%
Current assets
€131,660 ▲ 14.3%
Equity and liabilities €428,670
Equity
€93,346 ▲ 18.2%
Debt
€335,324 ▲ 13.1%
Debt's share of the balance-sheet total falls from 79.0% to 78.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,239▲
2025 · €2,790
Cash flow
€59,455▲
2025 · €1,193
Current ratio
0.68▼
2025 · 0.92
Quick ratio
0.38▼
2025 · 0.43
Debt to equity
3.59▼
2025 · 3.76
ROE
21.2%▲
2025 · -26.1%
ROA
4.6%▲
2025 · -5.5%
Interest coverage
4.54▲
2025 · 0.31
Debt ≤ 1 year
€192,508▲
2025 · €124,904
Debt > 1 year
€138,879▼
2025 · €165,268
Income taxes
€3
Staff costs
€161,791▲
2025 · €80,559
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,541 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €80,559 | €161,791 | ▲ 101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,833 | €39,671 | ▲ 81.7% |
| Other operating charges640/8 | €387 | €1,378 | ▲ 256% |
| Gross operating margin9900 | €83,736 | €231,408 | ▲ 176% |
| Operating profit (loss)9901 | -€19,043 | €28,568 | ▲ 250% |
| Financial income75/76B | €7,543 | €6,250 | ▼ 17.1% |
| Recurring financial income75 | €7,543 | €6,250 | ▼ 17.1% |
| Financial charges65/66B | €9,140 | €15,031 | ▲ 64.5% |
| Recurring financial charges65 | €9,140 | €15,031 | ▲ 64.5% |
| Profit (loss) for the period before taxes9903 | -€20,640 | €19,787 | ▲ 196% |
| Income taxes67/77 | - | €3 | - |
| Profit (loss) for the period9904 | -€20,640 | €19,785 | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | -€20,640 | €19,785 | ▲ 196% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €375,532 | €428,670 | ▲ 14.2% |
| Formation expenses20 | €5,655 | €4,355 | ▼ 23.0% |
| Fixed assets21/28 | €254,658 | €292,656 | ▲ 14.9% |
| Tangible fixed assets22/27 | €253,158 | €241,209 | ▼ 4.7% |
| Plant, machinery and equipment23 | €120,169 | €113,576 | ▼ 5.5% |
| Furniture and vehicles24 | €6,691 | €7,175 | ▲ 7.2% |
| Other tangible fixed assets26 | €126,298 | €120,458 | ▼ 4.6% |
| Financial fixed assets28 | €1,500 | €51,447 | ▲ 3,330% |
| Current assets29/58 | €115,218 | €131,660 | ▲ 14.3% |
| Stocks and contracts in progress3 | €62,036 | €58,575 | ▼ 5.6% |
| Stocks30/36 | €62,036 | €58,575 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €23,604 | €25,130 | ▲ 6.5% |
| Trade receivables40 | €5,981 | €12,001 | ▲ 101% |
| Other amounts receivable41 | €17,623 | €13,129 | ▼ 25.5% |
| Cash at bank and in hand54/58 | €19,626 | €35,181 | ▲ 79.3% |
| Deferred charges and accrued income490/1 | €9,952 | €12,773 | ▲ 28.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €375,532 | €428,670 | ▲ 14.2% |
| Equity10/15 | €78,962 | €93,346 | ▲ 18.2% |
| Contributions10/11 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€20,640 | -€856 | ▲ 95.9% |
| Investment grants15 | €37,602 | €32,202 | ▼ 14.4% |
| Amounts payable17/49 | €296,570 | €335,324 | ▲ 13.1% |
| Amounts payable after more than one year17 | €165,268 | €138,879 | ▼ 16.0% |
| Financial debts170/4 | €165,268 | €138,879 | ▼ 16.0% |
| Amounts payable within one year42/48 | €124,904 | €192,508 | ▲ 54.1% |
| Current portion of amounts payable after more than one year42 | €25,132 | €26,389 | ▲ 5.0% |
| Trade debts44 | €84,786 | €144,722 | ▲ 70.7% |
| Suppliers440/4 | €84,786 | €144,722 | ▲ 70.7% |
| Taxes, remuneration and social security45 | €14,985 | €21,397 | ▲ 42.8% |
| Taxes450/3 | €119 | - | - |
| Remuneration and social security454/9 | €14,867 | €21,397 | ▲ 43.9% |
| Accrued charges and deferred income492/3 | €6,399 | €3,938 | ▼ 38.5% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€20,640 | €19,785 | ▲ 196% |
| + Depreciation and write-downs630 | €21,833 | €39,671 | ▲ 81.7% |
| Operating cash flow (approximation) | €1,193 | €59,455 | ▲ 4,883% |
| Investment in fixed assets (approximation) | - | -€77,668 | - |
| Change in cash | - | €15,554 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema · 18 days late
31-01
Financial
Back to profitnet €19,785
Net result €19,785 after one loss-making year.
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2024
Ground area
226 m²
Building footprint
221 m²
Volume, LiDAR
2,080 m³
Parcel 21614F0057/00V002, Brussels · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TOSB
since 20242.357.404.460
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614F0057/00V002 | Brussels | 226 m² | 1 · 221 m² | 16.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.357.404.460
Dual-learning approval
1 live approvalOnthaal, organisatie en sales duaal (so)
Similar companies · same sector, comparable size
SHANLY
BE 0450.923.801
Antwerpen · Eq €93,425
ORDIS
BE 0707.790.687
Ath · Eq €93,500
Sirat
BE 0654.869.467
Diest · Eq €93,598
Mazzel Investments
BE 0715.650.756
Leuven · Eq €93,628
EURO ONE SERVICE
BE 0454.858.932
Antwerpen · Eq €93,628
Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,652 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-03-2024
Fiscal year end31-01
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:1007200092
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.