TOUCH UP
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 40 days after the deadline Filed on 9 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00509440.
Annual accounts 2025 filed on 09-09-2026 at the NBB all 22 filings
Turnover
€37,883▲ 19.4%
2023 · €31,716
EBIT margin
4.3%▲ 11.2pp
2023 · -7.0%
Net result
€1,213
2024 · -€4,836
Working capital
-€16,726▲ 6.8%
2024 · -€17,939
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€37,883
2025
20182025
Operating result
€1,613
2025
20182025
Net result
€1,213
2025
middle half of the sector
20182025
EBIT margin
4.3%
2025
20182025
Equity
-€16,726
▲ 6.8%
2025
lowest quarter of the sector
20182025
Total assets
€1,262
▲ 4.5%
2025
lowest quarter of the sector
20182025
Debt
€17,988
▼ 6.1%
2025
20182025
Working capital
-€16,726
▲ 6.8%
2025
lowest quarter of the sector
20182025
Solvency
no figure
2025
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€31,716€37,883
Operating result-€3,651--€9,307▼ 155%-€3,780▲ 59.4%-€1,473▲ 61.0%-€509▲ 65.4%-€2,213▼ 335%-€4,445▼ 101%€1,613
Net result-€3,651--€9,307▼ 155%-€4,136below the sector's middle half▲ 55.6%-€1,848below the sector's middle half▲ 55.3%-€1,766within the sector's middle half▲ 4.4%-€2,612within the sector's middle half▼ 47.9%-€4,836below the sector's middle half▼ 85.2%€1,213within the sector's middle half
EBIT margin-7.0%4.3%
Equity€6,567--€2,740-€6,876below the sector's middle half▼ 151%-€8,724below the sector's middle half▼ 26.9%-€10,491below the sector's middle half▼ 20.2%-€13,103below the sector's middle half▼ 24.9%-€17,939below the sector's middle half▼ 36.9%-€16,726below the sector's middle half▲ 6.8%
Total assets€24,211-€12,919▼ 46.6%€8,720below the sector's middle half▼ 32.5%€7,895below the sector's middle half▼ 9.5%€7,919below the sector's middle half▲ 0.3%€5,474below the sector's middle half▼ 30.9%€1,207below the sector's middle half▼ 77.9%€1,262below the sector's middle half▲ 4.5%
Debt€17,644-€15,660▼ 11.2%€15,596▼ 0.4%€16,619▲ 6.6%€18,409▲ 10.8%€18,577▲ 0.9%€19,146▲ 3.1%€17,988▼ 6.1%
Working capital€6,151--€3,267-€7,513within the sector's middle half▼ 130%-€12,591below the sector's middle half▼ 67.6%-€10,491below the sector's middle half▲ 16.7%-€13,103below the sector's middle half▼ 24.9%-€17,939below the sector's middle half▼ 36.9%-€16,726below the sector's middle half▲ 6.8%
Solvency27.1%--21.2%▼ 48.3pp-78.9%below the sector's middle half▼ 57.6pp-110.5%below the sector's middle half▼ 31.7pp-132.5%below the sector's middle half▼ 22.0pp-239.4%below the sector's middle half▼ 106.9pp
Current ratio5.00-0.16▼ 4.840.08below the sector's middle half▼ 0.080.24below the sector's middle half▲ 0.160.43below the sector's middle half▲ 0.190.29below the sector's middle half▼ 0.14
Return on assets (ROA)-15.1%--72.0%▼ 57.0pp-47.4%below the sector's middle half▲ 24.6pp-23.4%below the sector's middle half▲ 24.0pp-22.3%below the sector's middle half▲ 1.1pp-47.7%below the sector's middle half▼ 25.4pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €1,613, after a loss of €4,445 in 2024. It is the highest result since 2021.
Key figures and ratios
Debt ≤ 1 year
€17,988▼
2024 · €19,146
Supplier credit
1 day
The ratios are withheld because a balance sheet total of €1,262 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €31,716 | - | €37,883 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €17,450 | - | €35,807 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,218 | €4,218 | €4,218 | €4,218 | €3,867 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €27,776 | €32,180 | €16,479 | €39,610 | €463 | ▼ 98.8% |
| Gross operating margin9900 | €38,894 | €34,548 | €25,462 | €30,521 | €35,537 | €14,266 | €35,165 | €2,076 | ▼ 94.1% |
| Operating profit (loss)9901 | -€3,651 | -€9,307 | -€3,780 | -€1,473 | -€509 | -€2,213 | -€4,445 | €1,613 | - |
| Financial charges65/66B | - | - | - | €375 | €1,257 | €399 | €391 | €400 | ▲ 2.2% |
| Recurring financial charges65 | - | - | €356 | €375 | €1,257 | €399 | €391 | €400 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | -€3,651 | -€9,307 | -€4,136 | -€1,848 | -€1,766 | -€2,612 | -€4,836 | €1,213 | - |
| Profit (loss) for the period9904 | -€3,651 | -€9,307 | -€4,136 | -€1,848 | -€1,766 | -€2,612 | -€4,836 | €1,213 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,651 | -€9,307 | -€4,136 | -€1,848 | -€1,766 | -€2,612 | -€4,836 | €1,213 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €24,211 | €12,919 | €8,720 | €7,895 | €7,919 | €5,474 | €1,207 | €1,262 | ▲ 4.5% |
| Fixed assets21/28 | €16,521 | €12,303 | €8,085 | €3,867 | - | - | - | - | - |
| Tangible fixed assets22/27 | €16,521 | €12,303 | €8,085 | €3,867 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €3,867 | - | - | - | - | - |
| Current assets29/58 | €7,689 | €616 | €635 | €4,028 | €7,919 | €5,474 | €1,207 | €1,262 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €7,107 | €536 | €608 | €3,053 | €7,030 | €1,826 | €141 | - | - |
| Trade receivables40 | - | - | - | €3,053 | €7,030 | €1,826 | €141 | - | - |
| Cash at bank and in hand54/58 | €583 | €80 | €27 | €975 | €889 | €3,648 | €1,066 | €1,262 | ▲ 18.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €24,211 | €12,919 | €8,720 | €7,895 | €7,919 | €5,474 | €1,207 | €1,262 | ▲ 4.5% |
| Equity10/15 | €6,567 | -€2,740 | -€6,876 | -€8,724 | -€10,491 | -€13,103 | -€17,939 | -€16,726 | ▲ 6.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€12,033 | -€21,340 | -€25,476 | -€27,324 | -€29,091 | -€31,703 | -€36,539 | -€35,326 | ▲ 3.3% |
| Amounts payable17/49 | €17,644 | €15,660 | €15,596 | €16,619 | €18,409 | €18,577 | €19,146 | €17,988 | ▼ 6.1% |
| Amounts payable after more than one year17 | €16,106 | €11,777 | €7,448 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1,538 | €3,883 | €8,148 | €16,619 | €18,409 | €18,577 | €19,146 | €17,988 | ▼ 6.1% |
| Financial debts43 | - | - | - | €3,119 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €3,119 | - | - | - | - | - |
| Trade debts44 | - | €375 | - | €463 | €52 | €91 | €476 | €137 | ▼ 71.2% |
| Suppliers440/4 | - | - | - | €463 | €52 | €91 | €476 | €137 | ▼ 71.2% |
| Advances received on contracts in progress46 | - | - | - | €205 | €205 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €475 | €309 | €643 | €827 | €845 | ▲ 2.2% |
| Taxes450/3 | - | - | - | €475 | €309 | €643 | €827 | €845 | ▲ 2.2% |
| Other amounts payable47/48 | - | - | - | €12,356 | €17,843 | €17,843 | €17,843 | €17,006 | ▼ 4.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,651 | -€9,307 | -€4,136 | -€1,848 | -€1,766 | -€2,612 | -€4,836 | €1,213 | - |
| + Depreciation and write-downs630 | €4,218 | €4,218 | €4,218 | €4,218 | €3,867 | - | - | - | - |
| Operating cash flow (approximation) | €567 | -€5,089 | €82 | €2,370 | €2,100 | -€2,612 | -€4,836 | €1,213 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | -€502 | -€53 | €948 | -€86 | €2,759 | -€2,582 | €196 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as TOUCH UP has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
91.5%
was still going
5.3%
stopped otherwise
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TOUCH UP itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,794 companies, not a prediction for TOUCH UP. 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-09-2026 | 2026-00509440 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00350468 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00136819 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00411661 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20379927 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57000057 | |
| 31-12-2019 | micro format | 23-09-2020 | 2020-55000397 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57100016 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62100306 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53200344 |