Summary
Tumbaoo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €66,389 and a net result of €47,789. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 27% of 9,660 sector peers (NACE 64, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€66,389▼ 33.7%
2024 · €100,149
Net result
€47,789▼ 25.4%
2024 · €64,081
Total assets
€281,424▼ 26.6%
2024 · €383,381
Solvency
23.6%▼ 2.5pp
2024 · 26.1%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 22% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€72,745
2025
Net result€47,789
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€281,424
2025
Equity€66,389
2025
Debt€215,035
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€31,850
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)17.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency23.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.85
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€57,131-€59,352▲ 3.9%€58,734▼ 1.0%€73,829▲ 25.7%€73,078▼ 1.0%€78,315▲ 7.2%€92,783▲ 18.5%€72,745▼ 21.6%
Net result€44,605-€46,427▲ 4.1%€45,613within the sector's middle half▼ 1.8%€58,030within the sector's middle half▲ 27.2%€56,660within the sector's middle half▼ 2.4%€55,641within the sector's middle half▼ 1.8%€64,081within the sector's middle half▲ 15.2%€47,789within the sector's middle half▼ 25.4%
Equity€63,205-€109,632▲ 73.5%€155,245within the sector's middle half▲ 41.6%€78,490within the sector's middle half▼ 49.4%€100,149within the sector's middle half▲ 27.6%€155,790within the sector's middle half▲ 55.6%€100,149within the sector's middle half▼ 35.7%€66,389within the sector's middle half▼ 33.7%
Total assets€82,017-€136,560▲ 66.5%€180,332within the sector's middle half▲ 32.1%€101,192below the sector's middle half▼ 43.9%€163,575within the sector's middle half▲ 61.6%€333,569within the sector's middle half▲ 104%€383,381within the sector's middle half▲ 14.9%€281,424within the sector's middle half▼ 26.6%
Debt€18,813-€26,928▲ 43.1%€25,088▼ 6.8%€22,702▼ 9.5%€63,426▲ 179%€177,778▲ 180%€283,231▲ 59.3%€215,035▼ 24.1%
Working capital€62,061-€103,112▲ 66.1%€148,879above the sector's middle half▲ 44.4%€77,577within the sector's middle half▼ 47.9%€87,196within the sector's middle half▲ 12.4%€146,879within the sector's middle half▲ 68.4%€93,974within the sector's middle half▼ 36.0%-€31,850below the sector's middle half
Solvency77.1%-80.3%▲ 3.2pp86.1%above the sector's middle half▲ 5.8pp77.6%above the sector's middle half▼ 8.5pp61.2%within the sector's middle half▼ 16.3pp46.7%within the sector's middle half▼ 14.5pp26.1%within the sector's middle half▼ 20.6pp23.6%within the sector's middle half▼ 2.5pp
Current ratio4.52-5.02▲ 0.507.25above the sector's middle half▲ 2.235.12above the sector's middle half▼ 2.132.43within the sector's middle half▼ 2.681.83within the sector's middle half▼ 0.601.33within the sector's middle half▼ 0.500.85within the sector's middle half▼ 0.48
Return on assets (ROA)54.4%-34.0%▼ 20.4pp25.3%above the sector's middle half▼ 8.7pp57.3%above the sector's middle half▲ 32.1pp34.6%above the sector's middle half▼ 22.7pp16.7%within the sector's middle half▼ 18.0pp16.7%within the sector's middle half=17.0%within the sector's middle half▲ 0.3pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,424
Fixed assets
€99,490 ▲ 1,190%
Current assets
€181,934 ▼ 51.6%
Equity and liabilities €281,424
Equity
€66,389 ▼ 33.7%
Debt
€215,035 ▼ 24.1%
Debt's share of the balance-sheet total rises from 73.9% to 76.4%. Equity and debt are lower.
Key figures and ratios
ROE
72.0%▲
2024 · 64.0%
Debt ≤ 1 year
€213,785▼
2024 · €281,695
Income taxes
€15,237▼
2024 · €17,439
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,253 | €435 | €829 | €1,054 | €1,080 | €3,343 | €2,949 | €5,348 | ▲ 81.3% |
| Other operating charges640/8 | - | - | - | €771 | €1,162 | €2,014 | €3,075 | €3,110 | ▲ 1.1% |
| Gross operating margin9900 | €58,505 | €59,894 | €59,671 | €75,653 | €75,320 | €83,672 | €98,807 | €81,203 | ▼ 17.8% |
| Operating profit (loss)9901 | €57,131 | €59,352 | €58,734 | €73,829 | €73,078 | €78,315 | €92,783 | €72,745 | ▼ 21.6% |
| Financial income75/76B | - | - | - | - | €1 | €0 | €8 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | - | €1 | €0 | €8 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €523 | €355 | €5,972 | €11,271 | €9,718 | ▼ 13.8% |
| Recurring financial charges65 | €200 | €127 | €108 | €523 | €355 | €5,972 | €11,271 | €9,718 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €56,931 | €59,225 | €58,625 | €73,305 | €72,724 | €72,344 | €81,520 | €63,026 | ▼ 22.7% |
| Income taxes67/77 | €12,327 | €12,797 | €13,012 | €15,276 | €16,064 | €16,703 | €17,439 | €15,237 | ▼ 12.6% |
| Profit (loss) for the period9904 | €44,605 | €46,427 | €45,613 | €58,030 | €56,660 | €55,641 | €64,081 | €47,789 | ▼ 25.4% |
| Profit (loss) for the period to be appropriated9905 | €44,605 | €46,427 | €45,613 | €58,030 | €56,660 | €55,641 | €64,081 | €47,789 | ▼ 25.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €82,017 | €136,560 | €180,332 | €101,192 | €163,575 | €333,569 | €383,381 | €281,424 | ▼ 26.6% |
| Fixed assets21/28 | €2,304 | €7,769 | €7,616 | €4,762 | €15,503 | €10,660 | €7,711 | €99,490 | ▲ 1,190% |
| Tangible fixed assets22/27 | €1,304 | €869 | €2,516 | €1,462 | €14,003 | €10,660 | €7,711 | €99,490 | ▲ 1,190% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €6,020 | - |
| Furniture and vehicles24 | - | - | - | - | €13,160 | €10,436 | €7,711 | €93,469 | ▲ 1,112% |
| Other tangible fixed assets26 | - | - | - | €1,462 | €844 | €225 | €0 | - | - |
| Financial fixed assets28 | €1,000 | €6,900 | €5,100 | €3,300 | €1,500 | €0 | - | - | - |
| Current assets29/58 | €79,713 | €128,790 | €172,716 | €96,429 | €148,072 | €322,908 | €375,669 | €181,934 | ▼ 51.6% |
| Stocks and contracts in progress3 | - | - | - | - | €5,348 | €155,091 | €93,207 | €47,457 | ▼ 49.1% |
| Stocks30/36 | - | - | - | - | €5,348 | €155,091 | €93,207 | €47,457 | ▼ 49.1% |
| Amounts receivable within one year40/41 | €17,663 | €5,460 | €4,367 | €58,743 | €75,743 | €57,045 | €54,249 | €62,369 | ▲ 15.0% |
| Trade receivables40 | - | - | - | €53,636 | €59,505 | €55,609 | €53,467 | €56,722 | ▲ 6.1% |
| Other amounts receivable41 | - | - | - | €5,106 | €16,238 | €1,436 | €782 | €5,647 | ▲ 622% |
| Cash at bank and in hand54/58 | €62,050 | €123,331 | €168,349 | €37,687 | €66,115 | €109,845 | €227,244 | €71,083 | ▼ 68.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €865 | €928 | €970 | €1,025 | ▲ 5.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €82,017 | €136,560 | €180,332 | €101,192 | €163,575 | €333,569 | €383,381 | €281,424 | ▼ 26.6% |
| Equity10/15 | €63,205 | €109,632 | €155,245 | €78,490 | €100,149 | €155,790 | €100,149 | €66,389 | ▼ 33.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €44,605 | €91,032 | €136,645 | €59,890 | €81,549 | €137,190 | €81,549 | €47,789 | ▼ 41.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €58,030 | €79,689 | €135,330 | €81,549 | €47,789 | ▼ 41.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €18,813 | €26,928 | €25,088 | €22,702 | €63,426 | €177,778 | €283,231 | €215,035 | ▼ 24.1% |
| Amounts payable within one year42/48 | €17,652 | €25,678 | €23,838 | €18,852 | €60,876 | €176,029 | €281,695 | €213,785 | ▼ 24.1% |
| Trade debts44 | €1,313 | €2,232 | €954 | €5,118 | €9,971 | €4,644 | €22,444 | €3,614 | ▼ 83.9% |
| Suppliers440/4 | - | - | - | €5,118 | €9,971 | €4,644 | €22,444 | €3,614 | ▼ 83.9% |
| Taxes, remuneration and social security45 | - | - | - | €13,735 | €15,905 | €33,803 | €8,839 | €8,492 | ▼ 3.9% |
| Taxes450/3 | - | - | - | €13,735 | €15,905 | €33,803 | €8,839 | €8,492 | ▼ 3.9% |
| Other amounts payable47/48 | - | - | - | - | €35,000 | €137,582 | €250,413 | €201,678 | ▼ 19.5% |
| Accrued charges and deferred income492/3 | - | - | - | €3,850 | €2,550 | €1,749 | €1,536 | €1,250 | ▼ 18.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,605 | €46,427 | €45,613 | €58,030 | €56,660 | €55,641 | €64,081 | €47,789 | ▼ 25.4% |
| + Depreciation and write-downs630 | €1,253 | €435 | €829 | €1,054 | €1,080 | €3,343 | €2,949 | €5,348 | ▲ 81.3% |
| Operating cash flow (approximation) | €45,857 | €46,862 | €46,442 | €59,083 | €57,740 | €58,984 | €67,030 | €53,137 | ▼ 20.7% |
| Investment in fixed assets (approximation) | - | -€5,900 | -€675 | €1,800 | -€11,821 | €1,500 | €0 | -€97,126 | - |
| Change in cash | - | €61,281 | €45,019 | -€130,662 | €28,428 | €43,730 | €117,400 | -€156,161 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-05-2026 | 2026-00126160 |
| 31-12-2024 | micro format | 09-04-2025 | 2025-00066758 |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00246184 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00209225 |
| 31-12-2021 | micro format | 07-06-2022 | 2022-20049768 |
| 31-12-2020 | micro format | 05-07-2021 | 2021-30800111 |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27100312 |
| 31-12-2018 | micro format | 17-06-2019 | 2019-19200367 |
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Subsidies and aid
Flemish government
2025 · 1 entry · €3,147 awarded · €3,147 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.