Checked.be
Active
BE 0472.298.443Private limited company
TOYE
Oreganostraat 3 ·8520 Kuurne, Belgium· 26 yrs active
Sector: Other specialised construction activities
(43990)
Conclusion
TOYE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €-6k. Equity is shrinking by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €56k |
| Net result | €-6k |
| Better than sector | 84% |
| Active | 26 yrs |
Financial profile
58
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
60
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2000, 26 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 Flags
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
60
/ 100
Healthy
Computed from 5 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
€4k
estimate, not credit advice
Score history
93
2021
90
2022
52
2023
60
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.99 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.49 (≥ 1.0)
+5
Leverage
Debt/equity 0.28 (< 1.0)
+10
Profitability
Negatieve ROE -12%
-10
Interest coverage
Interest coverage -4.4× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~78.8%/year over 4 fiscal years, indicative, 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 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.4% | 46.6% | |
| Net result | €-6k | €9k | |
| Equity | €56k | €58k | |
| Gross operating margin | €-711 | €38k | |
| Total assets | €71k | €140k |
€-2k
+71.4%
21-24
€-6k
+35.0%
21-24
€-2k
+67.3%
21-24
€71k
-16.0%
21-24
€56k
-10.3%
21-24
€50k
-12.9%
21-24
€0
-100.0%
21-24
€0
-100.0%
21-24
€15k
-31.5%
21-24
€13k
-16.4%
21-24
€3k
-62.9%
21-24
4.99
+3.4%
21-24
4.49
+1.6%
21-24
78.4%
+6.7%
21-24
0.28
-23.6%
21-24
-11.5%
+27.5%
21-24
-9.1%
+22.6%
21-24
-4.43
+65.4%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-2k | €-6k | €28k | €31k |
| Net profit | €-6k | €-10k | €17k | €22k |
| Cash flow | €-2k | €-5k | €21k | €24k |
| Staff costs | - | - | - | - |
| Income taxes | - | €0 | €7k | €7k |
| Dividends | €0 | €8k | €50k | €800 |
| Total assets | €71k | €85k | €156k | €169k |
| Equity | €56k | €62k | €81k | €114k |
| Debt | €15k | €22k | €76k | €56k |
| of which ≤ 1y | €13k | €15k | €64k | €31k |
| of which > 1y | €3k | €7k | €12k | €16k |
| Working capital | €50k | €58k | €76k | €118k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 4.99 | 4.83 | 2.19 | 4.81 |
| Quick ratio | 4.49 | 4.42 | 2.03 | 4.37 |
| Working capital ratio | 70.9% | 68.4% | 48.7% | 69.6% |
| Solvency | 78.4% | 73.5% | 51.5% | 67.1% |
| Debt / equity | 0.28 | 0.36 | 0.94 | 0.49 |
| Long-term debt ratio | 0.05 | 0.12 | 0.15 | 0.14 |
| Interest coverage | -4.43 | -12.79 | 56.97 | 19.19 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -9.1% | -11.7% | 10.7% | 12.9% |
| ROE | -11.5% | -15.9% | 20.8% | 19.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €71k | €85k | €156k | €169k |
| Fixed assets | 21/28 | €8k | €12k | €16k | €21k |
| Tangible fixed assets | 22/27 | €8k | €12k | €16k | €21k |
| Current assets | 29/58 | €63k | €73k | €140k | €149k |
| Stocks & contracts in progress | 3 | €6k | €6k | €10k | €13k |
| Amounts receivable within one year | 40/41 | €203 | €28k | €19k | €35k |
| Cash & bank | 54/58 | €55k | €37k | €111k | €100k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €71k | €85k | €156k | €169k |
| Equity | 10/15 | €56k | €62k | €81k | €114k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €46k | €46k | €62k | €95k |
| Accumulated profits (losses) | 14 | €-9k | €-3k | €0 | €0 |
| Amounts payable | 17/49 | €15k | €22k | €76k | €56k |
| Amounts payable after one year | 17 | €3k | €7k | €12k | €16k |
| Amounts payable within one year | 42/48 | €13k | €15k | €64k | €31k |
| Trade debts payable within one year | 44 | €632 | €244 | €371 | €9k |
| Income statement | |||||
| Gross operating margin | 9900 | €-711 | €-5k | €30k | €32k |
| Operating result | 9901 | €-6k | €-10k | €24k | €30k |
| Financial income | 75 | €202 | €654 | €408 | €717 |
| Financial charges | 65 | €363 | €440 | €493 | €2k |
| Result before taxes | 9903 | €-6k | €-10k | €23k | €29k |
| Income taxes | 67/77 | - | €0 | €7k | €7k |
| Net result for the period | 9904 | €-6k | €-10k | €17k | €22k |
| Result to be appropriated | 9905 | €-6k | €-10k | €17k | €22k |
Directors & mandates
Current directors & mandates
-
TOYE Gino Marcel AlbertStatutair bestuurderState Gazette act 22384822 (21-12-2022)Current21-12-2022 → present
-
TOYE Melissa AnnieOpvolgend statutair bestuurderState Gazette act 22384822 (21-12-2022)Current21-12-2022 → present
Legal Structure
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 12-07-2000 |
| Status | Active |
| Postal code | 8520 |
Establishment units
TOYE BVBA
since 20002.131.680.017
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0963/00H005 | Flanders | 268 m² | 1 · 88 m² | 0.0 m |
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.
Updates
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼159%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.83
Current ratio from 2.19 to 4.83; short-term debt falls from €64k to €15k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-12
State Gazette act
Statutes amendment
v3.2
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 3 years ago
2022
21-12-2022 Articles of association amended
Summary:
v3.2
Technical details
{
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "TOYE",
"old": "B.V.B.A. TOYE",
"changed": true
},
"seat_change": {
"changed": true
},
"object_change": {
"changed": false
},
"subject_company": {
"kbo": "0472.298.443",
"name_full": "TOYE"
},
"legal_form_change": {
"new": "Besloten vennootschap met beperkte aansprakelijkheid",
"old": "Besloten vennootschap met beperkte aansprakelijkheid",
"changed": false
}
}Credit advice
Company registry (CBE)
Activities
Other specialised construction activities43990Specialised construction activities4399945250Manufacture of other builders' carpentry and joinery1623020300Demolition43110Floor and wall tiling43331Laying of wooden floor and wall coverings433324511145432
Names & trade names
| Legal nameNL | TOYE |
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