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Tuinen Annaert

Active
Private limited companyfounded 2025active for 1 yearWatermolenstraat 24, 1840 Londerzeel, BelgiumKBO/BCE: BE 1019.854.238

Financials · financial year 2025, micro format

2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00542170.

Annual accounts 2025 filed on 29-09-2026 at the NBB

Turnover
≈ €150,000
Estimated: probably between €92,000 and €280,000
Total assets
€33,551
Net result
€5,760
Working capital
-€704

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €33,551
Fixed assets €8,132
Current assets €25,420
Equity and liabilities €33,551
Equity €7,427
Debt €26,124
Debt's share of the balance-sheet total is 77.9%.
Key figures and ratios
2025 value
EBITDA
€12,094
Cash flow
€8,178
Current ratio
0.97
Debt to equity
3.52
ROE
77.6%
ROA
17.2%
Interest coverage
6.00
Debt ≤ 1 year
€26,124
Income taxes
€1,899

Investments

fixed assets acquired
Item2025
Tangible fixed assets€10,549
Depreciation and write-downs of the year€2,417

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€33,551
Fixed assets21/28€8,132
Tangible fixed assets22/27€8,132
Plant, machinery and equipment23€3,458
Furniture and vehicles24€4,673
Current assets29/58€25,420
Amounts receivable within one year40/41€17,703
Trade receivables40€17,703
Cash at bank and in hand54/58€7,717
Equity and liabilities
Total equity and liabilities10/49€33,551
Equity10/15€7,427
Contributions10/11€2,500
Profit (loss) carried forward14€4,927
Amounts payable17/49€26,124
Amounts payable within one year42/48€26,124
Trade debts44€21,387
Suppliers440/4€21,387
Taxes, remuneration and social security45€4,676
Taxes450/3€4,676
Other amounts payable47/48€61
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,417
Other operating charges640/8€7,109
Gross operating margin9900€19,202
Operating profit (loss)9901€9,676
Financial charges65/66B€2,017
Recurring financial charges65€2,017
Profit (loss) for the period before taxes9903€7,659
Income taxes67/77€1,899
Profit (loss) for the period9904€5,760
Profit (loss) for the period to be appropriated9905€5,760
Appropriation of the result
Profit (loss) to be appropriated9906€5,760
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,417
Other operating charges640/8€7,109
Gross operating margin9900€19,202
Operating profit (loss)9901€9,676
Financial charges65/66B€2,017
Recurring financial charges65€2,017
Profit (loss) for the period before taxes9903€7,659
Income taxes67/77€1,899
Profit (loss) for the period9904€5,760
Profit (loss) for the period to be appropriated9905€5,760
Line2025
Assets
Total assets20/58€33,551
Fixed assets21/28€8,132
Tangible fixed assets22/27€8,132
Plant, machinery and equipment23€3,458
Furniture and vehicles24€4,673
Current assets29/58€25,420
Amounts receivable within one year40/41€17,703
Trade receivables40€17,703
Cash at bank and in hand54/58€7,717
Equity and liabilities
Total equity and liabilities10/49€33,551
Equity10/15€7,427
Contributions10/11€2,500
Profit (loss) carried forward14€4,927
Amounts payable17/49€26,124
Amounts payable within one year42/48€26,124
Trade debts44€21,387
Suppliers440/4€21,387
Taxes, remuneration and social security45€4,676
Taxes450/3€4,676
Other amounts payable47/48€61
Line2025
Profit (loss) for the period9904€5,760
+ Depreciation and write-downs630€2,417
Operating cash flow (approximation)€8,178

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,390 companies had the same profile as Tuinen Annaert has now. Two years later, 96.7% were still going and 1.2% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
96.7% was still going
2.0% stopped otherwise
1.2% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Tuinen Annaert itself is higher: 2.4% within 12 months. It rests on far more data about Tuinen Annaert than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,390 companies, not a prediction for Tuinen Annaert. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 29-09-2026 2026-00542170 PDF

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