Tovar
ActiveSummary
Tovar has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.46M and a net result of €373k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-7
Solvency80▲+7
Growth52=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.62 in 2024; short-term debt: 19.7% and cash: 3.9% of total assets), and 45% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
30 d late
2021
40 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.46M▲ 12.1%
2024 · €3.09M
2021: €808k
2022: €1.57M
2023: €2.47M
2024: €3.09M
2021 → 2025
Total assets
€6.29M▼ 1.9%
2024 · €6.41M
2021: €6.09M
2022: €6.18M
2023: €6.26M
2024: €6.41M
2021 → 2025
Net result
€373k▼ 39.4%
2024 · €615k
2021: €805k
2022: €758k
2023: €907k
2024: €615k
2021 → 2025
Working capital
€-549k▼ 72.1%
2024 · €-319k
2021: €-641k
2022: €-843k
2023: €-458k
2024: €-319k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€808k-€1.57M▲ 93.8%€2.47M▲ 57.9%€3.09M▲ 24.9%€3.46M▲ 12.1%
Operating result€186k-€249k▲ 33.7%€392k▲ 57.3%€309k▼ 21.2%€301k▼ 2.7%
Net result€805k-€758k▼ 5.9%€907k▲ 19.7%€615k▼ 32.2%€373k▼ 39.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.29M
Fixed assets
€5.61M ▼ 4.8%
Current assets
€688k ▲ 30.9%
Equity and liabilities €6.29M
Equity
€3.46M ▲ 12.1%
Debt
€2.83M ▼ 14.8%
Debt's share of the balance-sheet total falls from 51.8% to 45.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€301k▼
2024 · €309k
Cash flow
€373k▼
2024 · €615k
Current ratio
0.56▼
2024 · 0.62
Debt to equity
0.82▼
2024 · 1.08
ROE
10.8%▼
2024 · 19.9%
ROA
5.9%▼
2024 · 9.6%
Interest coverage
1.72▼
2024 · 1.91
Debt ≤ 1 year
€1.24M▲
2024 · €845k
Debt > 1 year
€1.60M▼
2024 · €2.48M
Income taxes
€34k▼
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.41M€6.29M▼
Formation expenses20€31€51▲
Fixed assets21/28€5.89M€5.61M▼
Financial fixed assets28€5.89M€5.61M▼
Current assets29/58€525k€688k▲
Amounts receivable after more than one year29-€83k
Other amounts receivable291-€83k
Amounts receivable within one year40/41€89k€91k▲
Trade receivables40€86k€87k▲
Other amounts receivable41€4k€4k▲
Current investments50/53€350k€270k▼
Cash at bank and in hand54/58€86k€243k▲
Equity and liabilities
Total equity and liabilities10/49€6.41M€6.29M▼
Equity10/15€3.09M€3.46M▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€3.09M€3.46M▲
Amounts payable17/49€3.33M€2.83M▼
Amounts payable after more than one year17€2.48M€1.60M▼
Financial debts170/4€2.48M€1.60M▼
Amounts payable within one year42/48€845k€1.24M▲
Trade debts44€57k€45k▼
Suppliers440/4€57k€45k▼
Taxes, remuneration and social security45€37k€23k▼
Taxes450/3€37k€23k▼
Other amounts payable47/48€750k€1.17M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61€29▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€310k€302k▼
Operating profit (loss)9901€309k€301k▼
Financial income75/76B€506k€281k▼
Recurring financial income75€506k€281k▼
Financial charges65/66B€162k€175k▲
Recurring financial charges65€162k€175k▲
Profit (loss) for the period before taxes9903€653k€407k▼
Income taxes67/77€38k€34k▼
Profit (loss) for the period9904€615k€373k▼
Profit (loss) for the period to be appropriated9905€615k€373k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.09M€3.46M▲
Profit (loss) brought forward from the previous period14P€2.47M€3.09M▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €373k ▼39.4%
Net result drops to €373k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Highest result since 2021net €907k ▲19.7%
Operating result €392k, net result €907k, both a record.
31-12
Financial
Equity above €2MEq €2.47M ▲57.9%
3 profitable years in a row build equity to €2.47M.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €1MEq €1.57M ▲93.8%
2 profitable years in a row build equity to €1.57M.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Hasselt · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Luikersteenweg 2543500 HasseltGround area
1,796 m²
Building footprint
330 m²
Volume, LiDAR
3,006 m³
Parcel 71328D0855/00B003, Flanders · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tovar
since 20212.319.305.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0855/00B003 | Flanders | 1,796 m² | 1 · 330 m² | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GELDHOF ENTERPRISES
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HOLADCO
BE 0668.604.172
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 14,483 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.