Active BE 0475.505.480Non-profit association

Tous à Pied

Rue Nanon 98 ·5000 Namur, Belgium· 25 yrs active

Sector: Engineering and related technical consultancy, excluding land surveyors (71121)

Conclusion Checked

Tous à Pied has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57k and a net result of €-90k. Equity is shrinking by ~30.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 43% of 1116 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€57k
Net result	€-90k
Staff (FTE)	7.9
Better than sector	43%

Financial profile 5 of 5 axes measured · computed by Checked

46 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 30

Profitability 0

Solvency 64

Growth 35

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

< 0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2001, 25 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

30 / 100 Weak

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

100 2022

88 2023

30 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.29 (≥ 1.0) +5

Quick ratio Quick ratio 1.29 (≥ 1.0) +5

Leverage Debt/equity 1.72 (< 2.0) +3

Profitability Negatieve ROE -159% -10

EBITDA margin Negatieve EBITDA-marge -10

Interest coverage Interest coverage -67.8× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 26-06-2025 with the NBB · fiscal year 2024 · full schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2026, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	36.8%	43.3%	better than 43% of 1116 sector peers
Net result	€-90k	€35k	better than 10% of 1117 sector peers
Equity	€57k	€313k	better than 22% of 1116 sector peers
Gross operating margin	€510k	€159k	better than 74% of 888 sector peers
Staff costs	€562k	€414k	higher than 55% of 701 sector peers

Revenue

€114k

-26.9% 22-24

EBITDA

€-80k

- 22-24

Net profit

€-90k

- 22-24

Cash flow

€-81k

- 22-24

Total assets

€154k

-35.8% 22-24

Equity

€57k

-61.4% 22-24

Working capital

€28k

-75.4% 22-24

Employees (FTE)

8

+5.3% 22-24

Staff costs

€562k

+6.7% 22-24

Debt

€97k

+4.6% 22-24

Debt ≤ 1y

€97k

+4.6% 22-24

Current ratio

1.29

-41.9% 22-24

Quick ratio

1.29

-41.9% 22-24

Solvency

36.8%

-39.9% 22-24

Debt / equity

1.72

+171.0% 22-24

ROE

-159.0%

- 22-24

ROA

-58.5%

- 22-24

Net margin

-78.9%

- 22-24

EBITDA margin

-69.8%

- 22-24

Interest coverage

-67.76

- 22-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022
Deposit	full schema	full schema	micro schema
Revenue	€114k	€156k	€110k
EBITDA	€-80k	€11k	€19k
Net profit	€-90k	€281	€17k
Cash flow	€-81k	€11k	€19k
Staff costs	€562k	€526k	€386k
Income taxes	-	-	-
Dividends	-	-	-
Total assets	€154k	€240k	€205k
Equity	€57k	€147k	€147k
Debt	€97k	€93k	€58k
of which ≤ 1y	€97k	€93k	€58k
of which > 1y	-	-	-
Working capital	€28k	€113k	€138k
Employees (FTE)	7.9	7.5	-

Note: these years are not on the same basis. The filed schemas differ (full schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2024	2023	2022
Current ratio	1.29	2.22	3.38
Quick ratio	1.29	2.22	3.38
Working capital ratio	18.1%	47.2%	67.5%
Solvency	36.8%	61.2%	71.7%
Debt / equity	1.72	0.63	0.40
Long-term debt ratio	-	-	-
Interest coverage	-67.76	58.90	91.91
Gross margin	23.7%	34.7%	16.0%
Net margin	-78.9%	0.2%	15.5%
ROA	-58.5%	0.1%	8.3%
ROE	-159.0%	0.2%	11.6%
EBITDA margin	-69.8%	7.3%	17.1%
Days sales outstanding	27d	140d	58d
Days payable outstanding	34d	18d	35d
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €10k · 7.1% Current assets €125k · 92.9%

Equity & liabilities

Equity €57k · 36.8% Debt €97k · 63.2%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€154k	€240k	€205k
Fixed assets	21/28	€10k	€8k	€9k
Formation expenses	20	€19k	€26k	-
Intangible fixed assets	21	-	-	€0
Tangible fixed assets	22/27	€5k	€5k	€6k
Financial fixed assets	28	€5k	€3k	€3k
Current assets	29/58	€125k	€206k	€196k
Amounts receivable within one year	40/41	€9k	€60k	€17k
Cash & bank	54/58	€75k	€83k	€139k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€154k	€240k	€205k
Equity	10/15	€57k	€147k	€147k
Reserves	13	€49k	€49k	€49k
Accumulated profits (losses)	14	€8k	€98k	€98k
Amounts payable	17/49	€97k	€93k	€58k
Amounts payable within one year	42/48	€97k	€93k	€58k
Trade debts payable within one year	44	€8k	€5k	€9k
Income statement
Turnover	70	€114k	€156k	€110k
Gross operating margin	9900	€510k	€554k	€404k
Operating result	9901	€-89k	€475	€17k
Financial charges	65	€1k	€194	€204
Result before taxes	9903	€-90k	€281	€17k
Net result for the period	9904	€-90k	€281	€17k
Result to be appropriated	9905	€-90k	€281	€17k

Directors & mandates 6 directors

Directors derived from a single State Gazette act, under verification

All 6 current directors first appear in the same act (25092746). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Chloé Mispelon
Director (executive)
State Gazette act 25092746 (22-07-2025)

Current
22-07-2025 → present
Guy BISET
Director (executive)
State Gazette act 25092746 (22-07-2025)

Current
22-07-2025 → present
Guy BISEТ
Director (executive)
State Gazette act 25092746 (22-07-2025)

Current
22-07-2025 → present
Marc Dufrêne
Director (executive)
State Gazette act 25092746 (22-07-2025)

Current
22-07-2025 → present
Pierre-Jean Bertrand
Director (executive)
State Gazette act 25092746 (22-07-2025)

Current
22-07-2025 → present
Willy Calleeuw
Director (executive)
State Gazette act 25092746 (22-07-2025)

Current
22-07-2025 → present

Legal Structure

NACE primary	Engineering and related technical consultancy, excluding land surveyors(71121)
Legal form	Non-profit association(017)
Incorporation	22-05-2001
Status	Active
Postal code	5000

Establishment units 1 location

Sentiers.be

Rue Nanon 98, 5000 NamurLibraries, archives, museums and other cultural activities

since 20082.171.636.097

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92094B0121/00Y002indicative	Wallonia	174 m²	-	-

Methodology

via registered seat: 1

0 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

All 6Financial 1Gazette 2Filings 3

2025

22-07

State Gazette act Director changes

26-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €-90k ▼32191%

Net result drops to €-90k, the lowest in the series.

20-08

State Gazette act Director changes

16-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

15-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 107 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 12 acts read

We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2025

22-07-2025 6 directors appointed Director changes

Guy BISET, Directeur
Willy Calleeuw, Directeur
Pierre-Jean Bertrand, Directeur
Chloé Mispelon, Directeur
Marc Dufrêne, Directeur
Guy BISEТ, Directeur

Original publication ↗

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2024

20-08-2024 2 directors appointed, 2 resigning, 4 reappointed Director changes

Roland Flamand, Commissaris
Caroline Buda, Commissaris
Philippe Blerot, Commissaris
Aniss Mezoued, Commissaris
Willy Calleeuw, Commissaris
Pierre-Jean Bertrand, Commissaris
Chloé Mispelon, Commissaris
Marc Dufrêne, Commissaris

Original publication ↗

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Engineering and related technical consultancy, excluding land surveyors7112174203Libraries, archives, museums and other cultural activities91042Libraries, archives, museums and other cultural activities91420Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials162102020063303Tourist information services79901

Names & trade names

Legal nameFR	Tous à Pied
AbbreviationFR	TàP

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