TOBARA
ActiveSummary
TOBARA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €645k and a net result of €62k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 17.96 against 9.92 in 2024; short-term debt: 5.5% and cash: 43.1% of total assets), and 5.7% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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
94.3%
Return on assets
9.1%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d late
2023
61 d late
2022
10 d late
2021
29 d late
2020
37 d early
2019
63 d late
← 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, micro schema
Equity
€645k▲ 9.9%
2024 · €587k
2018: €197k
2019: €260k
2020: €290k
2021: €391k
2022: €549k
2023: €530k
2024: €587k
2018 → 2025
Total assets
€684k▲ 4.4%
2024 · €655k
2018: €238k
2019: €338k
2020: €356k
2021: €459k
2022: €685k
2023: €760k
2024: €655k
2018 → 2025
Net result
€62k▲ 2.8%
2024 · €61k
2018: €38k
2019: €63k
2020: €30k
2021: €100k
2022: €159k
2023: €111k
2024: €61k
2018 → 2025
Working capital
€640k▲ 9.4%
2024 · €585k
2018: €184k
2019: €247k
2020: €279k
2021: €389k
2022: €549k
2023: €530k
2024: €585k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€391k-€549k▲ 40.7%€530k▼ 3.5%€587k▲ 10.6%€645k▲ 9.9%
Operating result€139k-€241k▲ 73.4%€163k▼ 32.1%€97k▼ 40.6%€88k▼ 9.7%
Net result€100k-€159k▲ 58.2%€111k▼ 30.4%€61k▼ 45.2%€62k▲ 2.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €684k
Fixed assets
€6k ▲ 43.6%
Current assets
€678k ▲ 4.2%
Equity and liabilities €684k
Equity
€645k ▲ 9.9%
Debt
€39k ▼ 42.6%
Debt's share of the balance-sheet total falls from 10.4% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▼
2024 · €99k
Cash flow
€66k▲
2024 · €62k
Current ratio
17.96▲
2024 · 9.92
Quick ratio
17.74▲
2024 · 9.80
Debt to equity
0.06▼
2024 · 0.12
ROE
9.7%▼
2024 · 10.3%
ROA
9.1%▼
2024 · 9.3%
Interest coverage
24.46▼
2024 · 28.34
Debt ≤ 1 year
€38k▼
2024 · €66k
Income taxes
€28k▼
2024 · €37k
Staff costs
€49▲
2024 · €-10
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€655k€684k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€6k▲
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€410€90▼
Furniture and vehicles24€2k€5k▲
Current assets29/58€651k€678k▲
Stocks and contracts in progress3€8k€8k▲
Stocks30/36€8k€8k▲
Amounts receivable within one year40/41€22k€50k▲
Trade receivables40€0-
Other amounts receivable41€22k€50k▲
Current investments50/53€173k€323k▲
Cash at bank and in hand54/58€446k€295k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€655k€684k▲
Equity10/15€587k€645k▲
Contributions10/11€19k€19k=
Reserves13€568k€627k▲
Tax-exempt reserves132€439€439=
Distributable reserves133€568k€626k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€68k€39k▼
Amounts payable within one year42/48€66k€38k▼
Financial debts43-€11k
Credit institutions430/8-€11k
Trade debts44€13k€17k▲
Suppliers440/4€13k€17k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€49k€4k▼
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€-10€49▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€9k€10k▲
Gross operating margin9900€108k€101k▼
Operating profit (loss)9901€97k€88k▼
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€98k€90k▼
Income taxes67/77€37k€28k▼
Profit (loss) for the period9904€61k€62k▲
Profit (loss) for the period to be appropriated9905€61k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€62k▲
Transfer from equity791/2€4k€4k=
Transfer to equity691/2€61k€62k▲
To other reserves6921€61k€62k▲
Profit to be distributed694/7€4k€4k=
Return on contributions (dividend)694€4k€4k=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 9.92
Current ratio from 3.35 to 9.92; short-term debt falls from €226k to €66k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Highest result since 2018net €159k ▲58.2%
Operating result €241k, net result €159k, both a record.
31-12
Financial
Equity above €500kEq €549k ▲40.7%
5 profitable years in a row build equity to €549k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €30k ▼51.9%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial
Equity above €200kEq €260k ▲32%
2 profitable years in a row build equity to €260k.
Show earlier events
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 1994
Ground area
1,137 m²
Building footprint
228 m²
Volume, LiDAR
2,264 m³
2 parcels, Flanders · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
La Sirène
since 19942.065.919.559
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0775/00N003 | Flanders | 819 m² | 1 · 150 m² | 8.3 m · 2 fl. |
| 35013A1599/00N004 | Flanders | 318 m² | 1 · 77 m² | 23.4 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.065.919.559
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 5,573 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.