TOTSO
Open bankruptcyFinancials · financial year 2025, micro format
Equity
-€59,270▼ 4.3%
2024 · -€56,839
Total assets
€60,793▲ 7.6%
2024 · €56,473
Net result
-€2,430▲ 96.1%
2024 · -€61,839
Working capital
-€82,055▼ 24.2%
2024 · -€66,079
Trend over the years
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €562 after a loss of €60,368 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€562
2025
Net result-€2,430
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€60,793
2025
Equity-€59,270
2025
Debt€120,063
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€82,055
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)8.1
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€60,368-€562
Net result-€61,839--€2,430▲ 96.1%
Equity-€56,839--€59,270▼ 4.3%
Total assets€56,473-€60,793▲ 7.6%
Debt€113,312-€120,063▲ 6.0%
Working capital-€66,079--€82,055▼ 24.2%
Staff (FTE)1.6-8.1▲ 406%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,793
Fixed assets
€47,475 ▼ 11.1%
Current assets
€13,318 ▲ 337%
Equity and liabilities
Equity-€59,270
Debt€120,063
Equity is negative: debt (€120,063) exceeds the balance-sheet total (€60,793).
Key figures and ratios
EBITDA
€8,177▲
2024 · -€57,579
Cash flow
€5,185▲
2024 · -€59,050
Solvency
-97.5%▲
2024 · -100.6%
Current ratio
0.14▲
2024 · 0.04
ROA
-4.0%▲
2024 · -109.5%
Interest coverage
3.62▲
2024 · -38.20
Debt ≤ 1 year
€95,373▲
2024 · €69,129
Debt > 1 year
€24,690▼
2024 · €30,000
Staff costs
€109,088▲
2024 · €23,445
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €23,445 | €109,088 | ▲ 365% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,789 | €7,615 | ▲ 173% |
| Other operating charges640/8 | €217 | €62 | ▼ 71.4% |
| Gross operating margin9900 | -€33,917 | €117,328 | - |
| Operating profit (loss)9901 | -€60,368 | €562 | - |
| Financial income75/76B | €36 | €129 | ▲ 263% |
| Recurring financial income75 | €36 | €129 | ▲ 263% |
| Financial charges65/66B | €1,507 | €3,121 | ▲ 107% |
| Recurring financial charges65 | €1,507 | €2,256 | ▲ 49.7% |
| Non-recurring financial charges66B | - | €865 | - |
| Profit (loss) for the period before taxes9903 | -€61,839 | -€2,430 | ▲ 96.1% |
| Profit (loss) for the period9904 | -€61,839 | -€2,430 | ▲ 96.1% |
| Profit (loss) for the period to be appropriated9905 | -€61,839 | -€2,430 | ▲ 96.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €56,473 | €60,793 | ▲ 7.6% |
| Fixed assets21/28 | €53,423 | €47,475 | ▼ 11.1% |
| Tangible fixed assets22/27 | €53,423 | €47,475 | ▼ 11.1% |
| Furniture and vehicles24 | €53,423 | €6,223 | ▼ 88.4% |
| Other tangible fixed assets26 | - | €41,252 | - |
| Current assets29/58 | €3,050 | €13,318 | ▲ 337% |
| Amounts receivable within one year40/41 | €3,050 | €13,154 | ▲ 331% |
| Trade receivables40 | €3,050 | €13,108 | ▲ 330% |
| Other amounts receivable41 | - | €46 | - |
| Deferred charges and accrued income490/1 | - | €164 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €56,473 | €60,793 | ▲ 7.6% |
| Equity10/15 | -€56,839 | -€59,270 | ▼ 4.3% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€61,839 | -€64,270 | ▼ 3.9% |
| Amounts payable17/49 | €113,312 | €120,063 | ▲ 6.0% |
| Amounts payable after more than one year17 | €30,000 | €24,690 | ▼ 17.7% |
| Financial debts170/4 | €30,000 | €24,690 | ▼ 17.7% |
| Amounts payable within one year42/48 | €69,129 | €95,373 | ▲ 38.0% |
| Current portion of amounts payable after more than one year42 | €7,240 | €7,548 | ▲ 4.3% |
| Financial debts43 | €4,986 | €5,109 | ▲ 2.5% |
| Credit institutions430/8 | €4,986 | €5,109 | ▲ 2.5% |
| Trade debts44 | €34,179 | €16,503 | ▼ 51.7% |
| Suppliers440/4 | €34,179 | €16,503 | ▼ 51.7% |
| Taxes, remuneration and social security45 | €8,927 | €40,894 | ▲ 358% |
| Taxes450/3 | €300 | €1,668 | ▲ 456% |
| Remuneration and social security454/9 | €8,627 | €39,226 | ▲ 355% |
| Other amounts payable47/48 | €13,797 | €25,319 | ▲ 83.5% |
| Accrued charges and deferred income492/3 | €14,184 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€61,839 | -€2,430 | ▲ 96.1% |
| + Depreciation and write-downs630 | €2,789 | €7,615 | ▲ 173% |
| Operating cash flow (approximation) | -€59,050 | €5,185 | - |
| Investment in fixed assets (approximation) | - | -€1,668 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00020375 |
| 30-06-2024 | micro format | 30-12-2024 | 2024-00626699 |
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €126,981 awarded · €126,981 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €82,412 | €82,412 |
| 2024 | 1 | €44,569 | €44,569 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.