Ets TOLBECQ

Active

Private limited companyfounded 200818 yrs activeRue Reine de Hongrie 1, 7063 Soignies, BelgiumKBO/BCE: BE 0896.860.119

Ets TOLBECQ has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55k and a net result of €5k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2024

67 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability65▲+10

Solvency58▲+1

Growth78=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity ample (current ratio 2.0 against 3.12 in 2023; short-term debt: 36.3% and cash: 64.2% of total assets), but 67.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

32.6%

Return on assets

2.9%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

30 d late

2022

31 d late

2021

61 d late

2020

60 d late

2019

6 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€5k▲ 85.0%

2023 · €3k

2018: €-6k 2019: €-7k 2020: €-2k 2021: €25k 2022: €4k 2023: €3k

2018 → 2024

Working capital

€61k▼ 13.7%

2023 · €71k

2018: €54k 2019: €49k 2020: €49k 2021: €72k 2022: €77k 2023: €71k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€18k-€43k▲ 135%€47k▲ 9.2%€50k▲ 5.6%€55k▲ 9.9%

Operating result€4k-€33k▲ 737%€9k▼ 73.1%€7k▼ 17.7%€9k▲ 27.2%

Net result€-2k-€25k€4k▼ 84.1%€3k▼ 32.8%€5k▲ 85.0%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 27% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €168k

27.5%

72.5%

Fixed assets €46k▼ 7.7%

Current assets €122k▲ 17.5%

Equity and liabilities €168k

32.6%

67.4%

Equity €55k▲ 9.9%

Debt €113k▲ 9.0%

The debt ratio falls from 67.5% to 67.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▲

2023 · €18k

Cash flow

€15k▲

2023 · €13k

Solvency

32.6%▲

2023 · 32.5%

Current ratio

2.00▼

2023 · 3.12

Quick ratio

1.91▼

2023 · 3.03

Debt / equity

2.07▼

2023 · 2.08

ROE

9.0%▲

2023 · 5.3%

ROA

2.9%▲

2023 · 1.7%

Interest coverage

5.13▲

2023 · 4.07

Debt

€113k▲

2023 · €104k

Debt ≤ 1 year

€61k▲

2023 · €33k

Debt > 1 year

€52k▼

2023 · €64k

Income taxes

€493▲

2023 · €266

Staff costs

€46k▲

2023 · €44k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€154k€168k▲

Fixed assets21/28€50k€46k▼

Tangible fixed assets22/27€49k€43k▼

Land and buildings22€47k€40k▼

Plant, machinery and equipment23€442€2k▲

Furniture and vehicles24€1k€856▼

Financial fixed assets28€1k€3k▲

Current assets29/58€104k€122k▲

Stocks and contracts in progress3€3k€5k▲

Stocks30/36€3k€5k▲

Amounts receivable within one year40/41€4k€5k▲

Other amounts receivable41€4k€5k▲

Cash at bank and in hand54/58€97k€108k▲

Deferred charges and accrued income490/1-€4k

Equity and liabilities

Total equity and liabilities10/49€154k€168k▲

Equity10/15€50k€55k▲

Contributions10/11€10k€10k=

Reserves13€40k€45k▲

Non-distributable reserves130/1€2k-

Reserves not available under the articles1311€2k-

Distributable reserves133€38k€45k▲

Amounts payable17/49€104k€113k▲

Amounts payable after more than one year17€64k€52k▼

Financial debts170/4€64k€52k▼

Amounts payable within one year42/48€33k€61k▲

Current portion of amounts payable after more than one year42€11k€11k▲

Trade debts44€15k€38k▲

Suppliers440/4€15k€38k▲

Taxes, remuneration and social security45€1k€4k▲

Taxes450/3€896€953▲

Remuneration and social security454/9€140€3k▲

Other amounts payable47/48€6k€8k▲

Accrued charges and deferred income492/3€7k-

Income statement Code20232024

Non-recurring operating income76A€177-

Remuneration, social security and pensions62€44k€46k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲

Other operating charges640/8€856€877▲

Gross operating margin9900€63k€66k▲

Operating profit (loss)9901€7k€9k▲

Financial income75/76B€1€30▲

Recurring financial income75€1€30▲

Financial charges65/66B€4k€4k▼

Recurring financial charges65€4k€4k▼

Profit (loss) for the period before taxes9903€3k€5k▲

Income taxes67/77€266€493▲

Profit (loss) for the period9904€3k€5k▲

Profit (loss) for the period to be appropriated9905€3k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€3k€5k▲

Transfer to equity691/2€3k€5k▲

To other reserves6921€3k€5k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 28 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 61 days late

2021

31-12

Financial Back to profitnet €25k

Net result €25k after 3 loss-making years.

29-09

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 60 days late

2020

06-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 6 days late

2019

31-12

Financial Weakest financial yearnet €-7k

Net result drops to €-7k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

25-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

22-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

25-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 25 days late

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, Soignies · 2 establishment units since 2008

establishment All 2 establishment units on the map

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.

Rue Reine de Hongrie 17063 Soignies

Ground area

4,572 m²

Building footprint

455 m²

Volume, LiDAR

2,173 m³

3 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

Grand Chemin 45, 7063 Soignies

Manufacture of machinery and equipment not elsewhere classified

since 20082.169.900.688

Ets Tolbecq

Rue Caulier 179, 7063 SoigniesManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20142.236.487.923

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53058B0887/00F000	Wallonia	2,298 m²	1 · 242 m²	8.2 m · 2 fl.
53058B1240/00S000	Wallonia	1,224 m²	1 · 85 m²	-
53058A0216/00E002	Wallonia	1,050 m²	1 · 129 m²	6.5 m · 2 fl.