Equity
€1.6m ▲ 1.2%
TOSS B paid out €150,000 in dividends. That is 89% of the 2025 profit.
TOSS B
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €1.1m (2024)
€752,088▼ 30.2%
peak €340,584 (2024)
€169,103▼ 50.3%
peak €1.7m (2023)
€1.6m▲ 1.2%
€416,517▼ 37.7%
peak 10.1 FTE (2012)
8.4 FTE▼ 8.7%
Board5 names since 2022
1 directorVARAMAS
Owners3 names in the annual accounts
Documentsfilings and deeds
30-01-20261 day before the deadline
2025abbreviated format
Gross margin from €1.1m to €752,088Result from €340,584 to €169,103Staff from 9.2 FTE to 8.4 FTEDividend €150,000Debts from €668,291 to €416,517
Key points
from the 2025 annual accountsResult
€169,103 ▼ 50.3%
The result fell in 2025 from €340,584 to €169,103.
Turnover
≈ €1.8m estimated
The abbreviated format states no turnover.
Staff
10 employees on 30-06-2025
In 2025, 3 people joined and 2 left.
Filings
23 annual accounts since 2003
Five of the last ten came late. The 2020 accounts came latest: 28 days after the end of the period.
Position in the sector
79.4%
Higher solvency than 86% of companies in electrical equipment. Sector median 38.5% · 150 companies.
Checked score
93
Excellent
Financially stronger than 69% of micro companies in electrical equipment (NACE 27)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 437 companies (NACE 27, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.2%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%▲ +0.1 percentage points vs 01-2025highest value
03-2025: < 0.1%▼ -0.3 percentage points vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.2%▲ +0.2 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 4.83, cash €439,972
Founded in 2002
Equity €1.6m (79.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27, micro). It does better than 89% of them on solvency, 75% on liquidity, 66% on profitability and 47% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as TOSS B has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TOSS B itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,368 companies, not a prediction for TOSS B. 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
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.83 (3.47 in 2024), above the usual 1.5. Short-term debt is 19.7% and cash 21.8% of total assets. 20.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
26 days late
2022
on the day
2021
26 days late
2020
28 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Board and ownership
- VARAMAS 100%score 85equity €152,045 (2025) · 30-06-2025 annual accounts of VARAMAS
- Fracel 66%equity €190,768 (2025) · 2023 annual accounts of Fracel
- HILITE 36%equity €2.5m (2023) · 31-01-2022 annual accounts of HILITE
Recent changes
Registered office moved within Bruges
New registered office: Damse Steenweg 28 bus A, 8380 Brugge · Previous registered office: Karveelstraat 2, 8380 Brugge · Permanent representative: Els Vandenberghe · Board meeting of 01-07-2026 · Gazette deed
1 director appointed, 2 resignations
Resignations: Fracel BV and Paul De Prez · Permanent representatives: Robert Lagrand and Els Vandenberghe · Appointment: Varamas BV · General meeting of 11-09-2024 · Gazette deed
New niet statutaire bestuurder én gedelegeerd bestuurder
Fracel appointed, Robert Lagrand resigned · Permanent representative: Robert Lagrand · General meeting of 26-12-2023 · Gazette deed
Resignation: Vandenhove Jan (director)
Appointment: De Prez Paul (director) · General meeting of 02-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TOSS B Bruges | €2.0m | €0.8m | 79.4% | 8.4 |
| SYSTEM EDSTRÖM BELGIUM Ranst | €1.9m | €0.4m | 37.6% | 6.2 |
| DOXIS LIGHTING FACTORY Genk | €1.8m | €1.0m | 24.5% | 13.7 |
| KST LIGHTING Liège | €1.5m | €0.6m | 15.1% | 6.2 |
| BISCHOFF Eupen | €1.1m | €1.2m | 76.7% | 13.3 |
| PVD CONCEPT Kapellen | €2.2m | €0.6m | 48.1% | 6.1 |
| IMAGILIGHTS Deerlijk | €2.1m | €0.5m | 79.4% | 3.4 |
These companies have the same main activity as TOSS B: manufacture of electrical equipment (NACE 27402). They are comparable in size and age: total assets between €1.1m and €2.2m, founded between 1988 and 2008.
Official details
Source: KBO- Status
- Active since 03-09-2002Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27402
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 30-06-2025
- Establishment unit
- 2.114.510.0278380 Bruges, since 09-10-2002
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- €2.0m▼ 10.3%
- Employeeson 30-06-2025
- 10▲ 11.1%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Companies linked to TOSS B
Shareholders
- GAVA32%
Insights on TOSS B
TOSS B files the abbreviated format. That format states no turnover. The gross margin rose from €252,519 in 2007 to €752,088 in 2025.
VARAMAS holds all the shares.
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 TOSS B
- What is the company number of TOSS B?
- The company number of TOSS B is 0478.252.956. The VAT number is the same number with BE in front: BE 0478.252.956.
- Where is TOSS B based?
- The registered office is at Damse Steenweg 28, 8380 Bruges.Company details
- What does TOSS B do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27402).
- What is the legal form of TOSS B?
- TOSS B is a private limited company (BV).
- When was TOSS B founded?
- TOSS B was founded on 03-09-2002.
- Is TOSS B still active?
- Yes, TOSS B is an active enterprise in the KBO register.
- How many employees does TOSS B have?
- TOSS B had an average of 8.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TOSS B fall under?
- In its 30-06-2025 annual accounts, TOSS B states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of TOSS B?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €752,088 and 2,274 comparable companies of the same size. It probably lies between €1.1m and €3.0m. It is a rough estimate.
- Is TOSS B profitable?
- In financial year 2025, TOSS B made a profit of €169,103.
- Where can I find the annual accounts of TOSS B?
- TOSS B filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TOSS B due?
- TOSS B must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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