TOVERTUINEN
ActiveSummary
TOVERTUINEN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,756) and a net result of €1,461. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 1239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-1
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.58 against 1.73 in 2024; short-term debt: 38.3% and cash: 18.2% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-99.2%
Return on assets
8.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1239 sector peers (2025).
NBB · sector comparisonPosition among 1239 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
25 d late
2023
29 d late
2022
17 d late
2021
18 d late
2020
23 d late
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
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. Usually files around 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€17,756▲ 7.6%
2024 · -€19,217
Total assets
€17,899▼ 3.6%
2024 · €18,577
Net result
€1,461▼ 6.9%
2024 · €1,570
Working capital
€10,825▲ 40.0%
2024 · €7,732
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,825▲ 15.1%-€2,357-€2,441▼ 3.6%€1,570€1,461▼ 6.9%
Net result€3,825below the sector's middle half▲ 15.1%-€2,357below the sector's middle half-€2,441below the sector's middle half▼ 3.6%€1,570within the sector's middle half€1,461below the sector's middle half▼ 6.9%
Equity-€15,989below the sector's middle half▲ 19.3%-€18,346below the sector's middle half▼ 14.7%-€20,787below the sector's middle half▼ 13.3%-€19,217below the sector's middle half▲ 7.6%-€17,756below the sector's middle half▲ 7.6%
Total assets€11,836below the sector's middle half▼ 14.7%€10,707below the sector's middle half▼ 9.5%€17,191below the sector's middle half▲ 60.6%€18,577below the sector's middle half▲ 8.1%€17,899below the sector's middle half▼ 3.6%
Debt€27,825▼ 17.4%€29,053▲ 4.4%€37,978▲ 30.7%€37,794▼ 0.5%€35,655▼ 5.7%
Working capital€5,313below the sector's middle half▲ 551%€7,472within the sector's middle half▲ 40.6%€7,000within the sector's middle half▼ 6.3%€7,732within the sector's middle half▲ 10.5%€10,825within the sector's middle half▲ 40.0%
Solvency-135.1%below the sector's middle half▲ 7.7pp-171.3%below the sector's middle half▼ 36.3pp-120.9%below the sector's middle half▲ 50.4pp-103.4%below the sector's middle half▲ 17.5pp-99.2%below the sector's middle half▲ 4.2pp
Current ratio1.87within the sector's middle half▲ 0.813.66above the sector's middle half▲ 1.791.72within the sector's middle half▼ 1.941.73within the sector's middle half▲ 0.012.58within the sector's middle half▲ 0.85
Return on assets (ROA)32.3%above the sector's middle half▲ 8.4pp-22.0%below the sector's middle half▼ 54.3pp-14.2%below the sector's middle half▲ 7.8pp8.5%within the sector's middle half▲ 22.7pp8.2%within the sector's middle half▼ 0.3pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,899
Fixed assets
€210 =
Current assets
€17,689 ▼ 3.7%
Equity and liabilities
Equity-€17,756
Debt€35,655
Equity is negative: debt (€35,655) exceeds the balance-sheet total (€17,899).
Key figures and ratios
EBITDA
€1,461▼
2024 · €1,783
Cash flow
€1,461▼
2024 · €1,783
Quick ratio
1.51▲
2024 · 1.09
Debt ≤ 1 year
€6,864▼
2024 · €10,635
Debt > 1 year
€28,791▲
2024 · €27,159
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.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €213 | €0 | ▼ 100% |
| Other operating charges640/8 | €22,457 | €21,988 | €27,693 | €27,055 | €21,453 | ▼ 20.7% |
| Gross operating margin9900 | €26,282 | €19,631 | €25,252 | €28,838 | €22,914 | ▼ 20.5% |
| Operating profit (loss)9901 | €3,825 | -€2,357 | -€2,441 | €1,570 | €1,461 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €3,825 | -€2,357 | -€2,441 | €1,570 | €1,461 | ▼ 6.9% |
| Profit (loss) for the period9904 | €3,825 | -€2,357 | -€2,441 | €1,570 | €1,461 | ▼ 6.9% |
| Profit (loss) for the period to be appropriated9905 | €3,825 | -€2,357 | -€2,441 | €1,570 | €1,461 | ▼ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,836 | €10,707 | €17,191 | €18,577 | €17,899 | ▼ 3.6% |
| Fixed assets21/28 | €423 | €423 | €423 | €210 | €210 | = |
| Tangible fixed assets22/27 | €423 | €423 | €423 | €210 | €210 | = |
| Plant, machinery and equipment23 | €423 | €423 | €423 | €210 | €210 | = |
| Current assets29/58 | €11,413 | €10,284 | €16,768 | €18,367 | €17,689 | ▼ 3.7% |
| Stocks and contracts in progress3 | €7,812 | €6,458 | €6,717 | €6,767 | €7,319 | ▲ 8.2% |
| Stocks30/36 | €7,812 | €6,458 | €6,717 | €6,767 | €7,319 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €3,378 | €3,826 | €9,972 | €10,352 | €7,114 | ▼ 31.3% |
| Trade receivables40 | €3,130 | €3,492 | €9,972 | €10,352 | €7,114 | ▼ 31.3% |
| Other amounts receivable41 | €248 | €334 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €223 | - | €79 | €1,248 | €3,256 | ▲ 161% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,836 | €10,707 | €17,191 | €18,577 | €17,899 | ▼ 3.6% |
| Equity10/15 | -€15,989 | -€18,346 | -€20,787 | -€19,217 | -€17,756 | ▲ 7.6% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Capital10 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | -€28,384 | -€30,741 | -€33,182 | -€31,612 | -€30,151 | ▲ 4.6% |
| Amounts payable17/49 | €27,825 | €29,053 | €37,978 | €37,794 | €35,655 | ▼ 5.7% |
| Amounts payable after more than one year17 | €21,725 | €26,241 | €28,210 | €27,159 | €28,791 | ▲ 6.0% |
| Other amounts payable178/9 | €21,725 | €26,241 | €28,210 | €27,159 | €28,791 | ▲ 6.0% |
| Amounts payable within one year42/48 | €6,100 | €2,812 | €9,768 | €10,635 | €6,864 | ▼ 35.5% |
| Trade debts44 | €5,802 | €2,193 | €8,396 | €8,588 | €6,864 | ▼ 20.1% |
| Suppliers440/4 | €5,802 | €2,193 | €8,396 | €8,588 | €6,864 | ▼ 20.1% |
| Taxes, remuneration and social security45 | €298 | €619 | €1,372 | €2,047 | - | - |
| Taxes450/3 | €298 | €619 | €1,372 | €2,047 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,825 | -€2,357 | -€2,441 | €1,570 | €1,461 | ▼ 6.9% |
| + Depreciation and write-downs630 | - | - | - | €213 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €3,825 | -€2,357 | -€2,441 | €1,783 | €1,461 | ▼ 18.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €1,169 | €2,008 | ▲ 71.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €1,570
Net result €1,570 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Highest result since 2018net €3,825 ▲15.1%
Operating result €3,825, net result €3,825, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Back to profitnet €3,323
Net result €3,323 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Alveringem · 1 establishment unit since 1990
Ground area
2,389 m²
Building footprint
225 m²
Volume, LiDAR
1,231 m³
Parcel 38011A0439/00E000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lindestraat 45, 8690 Alveringem
since 19902.049.918.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38011A0439/00E000 | Flanders | 2,389 m² | 1 · 225 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,212 companies in this sector we hold annual accounts for 4,372. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded08-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
01610Support activities for crop production
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441686827
Also
9925:BE0441686827
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.