TANGENZ
ActiveSummary
TANGENZ has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416k and a net result of €52k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 42.82 against 20.46 in 2024; short-term debt: 2.3% and cash: 33.4% of total assets), and 2.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.7%
Return on assets
12.2%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
1 d early
2023
37 d early
2022
3 d early
2021
11 d early
2020
22 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€416k▲ 14.2%
2024 · €365k
2018: €150klowest in 8 years
2019: €174k▲ +16.2% vs 2018
2020: €197k▲ +13.6% vs 2019
2021: €235k▲ +19.2% vs 2020
2022: €264k▲ +12.3% vs 2021
2023: €312k▲ +18.2% vs 2022
2024: €365k▲ +16.7% vs 2023
2025: €416k▲ +14.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€426k▲ 11.3%
2024 · €383k
2018: €171klowest in 8 years
2019: €206k▲ +20.2% vs 2018
2020: €235k▲ +14.4% vs 2019
2021: €266k▲ +13.1% vs 2020
2022: €287k▲ +7.7% vs 2021
2023: €337k▲ +17.8% vs 2022
2024: €383k▲ +13.5% vs 2023
2025: €426k▲ +11.3% vs 2024highest in 8 years
2018 → 2025
Net result
€52k▼ 0.4%
2024 · €52k
2018: €20klowest in 8 years
2019: €24k▲ +22.1% vs 2018
2020: €34k▲ +38.4% vs 2019
2021: €38k▲ +12.5% vs 2020
2022: €29k▼ -23.2% vs 2021
2023: €48k▲ +65.9% vs 2022
2024: €52k▲ +8.1% vs 2023highest in 8 years
2025: €52k▼ -0.4% vs 2024
2018 → 2025
Working capital
€414k▲ 14.5%
2024 · €361k
2018: €141klowest in 8 years
2019: €165k▲ +17.3% vs 2018
2020: €190k▲ +15.0% vs 2019
2021: €225k▲ +18.2% vs 2020
2022: €255k▲ +13.6% vs 2021
2023: €307k▲ +20.3% vs 2022
2024: €361k▲ +17.7% vs 2023
2025: €414k▲ +14.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€235k-€264k▲ 12.3%€312k▲ 18.2%€365k▲ 16.7%€416k▲ 14.2%
2021: €235klowest in 5 years
2022: €264k▲ +12.3% vs 2021
2023: €312k▲ +18.2% vs 2022
2024: €365k▲ +16.7% vs 2023
2025: €416k▲ +14.2% vs 2024highest in 5 years
Operating result€53k-€44k▼ 16.4%€67k▲ 52.4%€71k▲ 4.8%€71k=
2021: €53k
2022: €44k▼ -16.4% vs 2021lowest in 5 years
2023: €67k▲ +52.4% vs 2022
2024: €71k▲ +4.8% vs 2023
2025: €71k● +0.0% vs 2024highest in 5 years
Net result€38k-€29k▼ 23.2%€48k▲ 65.9%€52k▲ 8.1%€52k▼ 0.4%
2021: €38k
2022: €29k▼ -23.2% vs 2021lowest in 5 years
2023: €48k▲ +65.9% vs 2022
2024: €52k▲ +8.1% vs 2023highest in 5 years
2025: €52k▼ -0.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €426k
Fixed assets
€3k ▼ 11.0%
Current assets
€423k ▲ 11.5%
Equity and liabilities €426k
Equity
€416k ▲ 14.2%
Debt
€10k ▼ 46.7%
Debt's share of the balance-sheet total falls from 4.8% to 2.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▼
2024 · €73k
Cash flow
€53k▼
2024 · €54k
Current ratio
42.82▲
2024 · 20.46
Debt to equity
0.02▼
2024 · 0.05
ROE
12.5%▼
2024 · 14.3%
ROA
12.2%▼
2024 · 13.6%
Interest coverage
91.43▲
2024 · 80.82
Debt ≤ 1 year
€10k▼
2024 · €19k
Income taxes
€20k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€383k€426k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€3k€3k▼
Land and buildings22€2k€1k▼
Furniture and vehicles24€420€1k▲
Other tangible fixed assets26€875€501▼
Current assets29/58€380k€423k▲
Amounts receivable within one year40/41€35k€31k▼
Trade receivables40€35k€31k▼
Current investments50/53€174k€248k▲
Cash at bank and in hand54/58€169k€142k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€383k€426k▲
Equity10/15€365k€416k▲
Contributions10/11€19k€19k=
Reserves13€346k€398k▲
Distributable reserves133€346k€398k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€19k€10k▼
Amounts payable within one year42/48€19k€10k▼
Trade debts44€935€361▼
Suppliers440/4€935€361▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€10k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€528€839▲
Gross operating margin9900€73k€73k▼
Operating profit (loss)9901€71k€71k=
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€902€789▼
Recurring financial charges65€902€789▼
Profit (loss) for the period before taxes9903€72k€72k▼
Income taxes67/77€20k€20k▼
Profit (loss) for the period9904€52k€52k▼
Profit (loss) for the period to be appropriated9905€52k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€52k▼
Transfer to equity691/2€52k€52k▼
To other reserves6921€52k€52k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €4k | €2k | €2k | ▼ 33.6% |
| Other operating charges640/8 | €895 | €496 | €782 | €528 | €839 | ▲ 58.9% |
| Gross operating margin9900 | €56k | €48k | €72k | €73k | €73k | ▼ 0.6% |
| Operating profit (loss)9901 | €53k | €44k | €67k | €71k | €71k | = |
| Financial income75/76B | €10 | €7 | €645 | €3k | €2k | ▼ 18.8% |
| Recurring financial income75 | €10 | €7 | €645 | €3k | €2k | ▼ 18.8% |
| Financial charges65/66B | €133 | €1k | €1k | €902 | €789 | ▼ 12.5% |
| Recurring financial charges65 | €133 | €1k | €1k | €902 | €789 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €53k | €43k | €67k | €72k | €72k | ▼ 0.5% |
| Income taxes67/77 | €15k | €14k | €19k | €20k | €20k | ▼ 0.6% |
| Profit (loss) for the period9904 | €38k | €29k | €48k | €52k | €52k | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €38k | €29k | €48k | €52k | €52k | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266k | €287k | €337k | €383k | €426k | ▲ 11.3% |
| Fixed assets21/28 | €11k | €9k | €6k | €3k | €3k | ▼ 11.0% |
| Tangible fixed assets22/27 | €11k | €9k | €6k | €3k | €3k | ▼ 11.0% |
| Land and buildings22 | €4k | €3k | €3k | €2k | €1k | ▼ 30.6% |
| Furniture and vehicles24 | €7k | €4k | €2k | €420 | €1k | ▲ 149% |
| Other tangible fixed assets26 | - | €2k | €1k | €875 | €501 | ▼ 42.7% |
| Current assets29/58 | €255k | €277k | €332k | €380k | €423k | ▲ 11.5% |
| Amounts receivable within one year40/41 | €27k | €16k | €30k | €35k | €31k | ▼ 11.1% |
| Trade receivables40 | €27k | €15k | €30k | €35k | €31k | ▼ 11.1% |
| Other amounts receivable41 | - | €1k | - | - | - | - |
| Current investments50/53 | €50k | €100k | €220k | €174k | €248k | ▲ 42.6% |
| Cash at bank and in hand54/58 | €177k | €158k | €80k | €169k | €142k | ▼ 15.7% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €2k | €2k | ▼ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266k | €287k | €337k | €383k | €426k | ▲ 11.3% |
| Equity10/15 | €235k | €264k | €312k | €365k | €416k | ▲ 14.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €217k | €246k | €294k | €346k | €398k | ▲ 15.0% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €215k | €246k | €294k | €346k | €398k | ▲ 15.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €31k | €22k | €25k | €19k | €10k | ▼ 46.7% |
| Amounts payable within one year42/48 | €31k | €22k | €25k | €19k | €10k | ▼ 46.7% |
| Trade debts44 | €626 | €2k | €1k | €935 | €361 | ▼ 61.4% |
| Suppliers440/4 | €626 | €2k | €1k | €935 | €361 | ▼ 61.4% |
| Taxes, remuneration and social security45 | €10k | €7k | €10k | €8k | €7k | ▼ 12.2% |
| Taxes450/3 | €10k | €7k | €10k | €8k | €7k | ▼ 12.2% |
| Other amounts payable47/48 | €20k | €13k | €14k | €10k | €2k | ▼ 74.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €29k | €48k | €52k | €52k | ▼ 0.4% |
| + Depreciation and write-downs630 | €2k | €3k | €4k | €2k | €2k | ▼ 33.6% |
| Operating cash flow (approximation) | €40k | €32k | €52k | €54k | €53k | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-1k | - |
| Change in cash | - | €-19k | €-79k | €89k | €-27k | ▼ 130% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 42.82
Current ratio from 20.46 to 42.82; short-term debt falls from €19k to €10k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €52k ▲8.1%
Net result €52k, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €235k ▲19.2%
4 profitable years in a row build equity to €235k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €174k ▲16.2%
2 profitable years in a row build equity to €174k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Temse · 1 establishment unit since 2008
Ground area
1.5 ha
Building footprint
8,233 m²
Volume, LiDAR
35,732 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sweigers-Zuid 1C, 9140 Temse
since 20082.168.560.605
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302C1243/00B000 | Flanders | 1.4 ha | 1 · 8,090 m² | 6.8 m · 1 fl. |
| 46302C1259/00V000 | Flanders | 623 m² | 1 · 143 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,081 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.