Torba
ActiveSummary
The annual accounts of Torba for fiscal year 2025 show a net loss of 53% of total assets. The 2025 annual accounts show equity of €237k and a net result of €-167k. Equity remains stable across the filed fiscal years (±2.1% per year). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.03; short-term debt: 25% and cash: 0.8% of total assets), and 25% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
75%
Return on assets
-52.9%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021232425
2018 to 2025 · latest year €-167k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
65 d early
2023
on the day
2021
50 d early
2020
2 d early
2019
90 d early
2018
274 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€237k▼ 41.3%
2024 · €404k
2018: €314k
2019: €317k▲ +0.9% vs 2018
2020: €314k▼ -0.8% vs 2019
2021: €304k▼ -3.4% vs 2020
2023: €125klowest value
2024: €404k▲ +224% vs 2023highest value
2025: €237k▼ -41.3% vs 2024
2018 → 2025
Total assets
€316k▼ 21.8%
2024 · €404k
2018: €350k
2019: €342k▼ -2.2% vs 2018
2020: €314k▼ -8.1% vs 2019
2021: €305k▼ -3.0% vs 2020lowest value
2023: €450khighest value
2024: €404k▼ -10.2% vs 2023
2025: €316k▼ -21.8% vs 2024
2018 → 2025
Net result
€-167k▼ 197%
2024 · €-56k
2018: €-8k
2019: €3k▲ +137% vs 2018highest value
2020: €-3k▼ -191% vs 2019
2021: €-11k▼ -310% vs 2020
2023: €-56k
2024: €-56k● +0.0% vs 2023
2025: €-167k▼ -197% vs 2024lowest value
2018 → 2025
Working capital
€-76k
2024 · €2k
2018: €81k
2019: €139k▲ +71.1% vs 2018highest value
2023: €-323klowest value
2024: €2k▲ +101% vs 2023
2025: €-76k▼ -3666% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€314k-€304k▼ 3.4%€125k▼ 58.9%€404k▲ 224%€237k▼ 41.3%
2020: €314k
2021: €304k▼ -3.4% vs 2020
2023: €125klowest value
2024: €404k▲ +224% vs 2023highest value
2025: €237k▼ -41.3% vs 2024
Operating result€-3k-€-11k▼ 318%€-56k▼ 426%€-57k▼ 2.2%€-167k▼ 190%
2020: €-3khighest value
2021: €-11k▼ -318% vs 2020
2023: €-56k
2024: €-57k▼ -2.2% vs 2023
2025: €-167k▼ -190% vs 2024lowest value
Net result€-3k-€-11k▼ 310%€-56k▼ 426%€-56k=€-167k▼ 197%
2020: €-3khighest value
2021: €-11k▼ -310% vs 2020
2023: €-56k
2024: €-56k● +0.0% vs 2023
2025: €-167k▼ -197% vs 2024lowest value
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €167k in 2025 against €57k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316k
Fixed assets
€313k ▼ 22.0%
Current assets
€3k ▲ 16.7%
Equity and liabilities €316k
Equity
€237k
Debt
€79k
Debt finances 25.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€-8k▲
2024 · €-11k
Cash flow
€-9k▲
2024 · €-9k
Current ratio
0.03
Debt to equity
0.33▲
2024 · 0.00
ROE
-70.5%▼
2024 · -13.9%
ROA
-52.9%▼
2024 · -13.9%
Interest coverage
-17.42▲
2024 · -126.12
Debt ≤ 1 year
€79k▲
2024 · €0
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 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€404k€316k▼
Fixed assets21/28€402k€313k▼
Tangible fixed assets22/27€372k€283k▼
Land and buildings22€354k€268k▼
Furniture and vehicles24€17k€15k▼
Financial fixed assets28€30k€30k=
Current assets29/58€2k€3k▲
Cash at bank and in hand54/58€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€404k€316k▼
Equity10/15€404k€237k▼
Contributions10/11€660k€660k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Profit (loss) carried forward14€-264k€-431k▼
Amounts payable17/49€0€79k▲
Amounts payable within one year42/48€0€79k▲
Other amounts payable47/48€0€79k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€158k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€-7k€-5k▲
Operating profit (loss)9901€-57k€-167k▼
Financial income75/76B€1k€2▼
Recurring financial income75€1k€2▼
Financial charges65/66B€84€469▲
Recurring financial charges65€84€469▲
Profit (loss) for the period before taxes9903€-56k€-167k▼
Profit (loss) for the period9904€-56k€-167k▼
Profit (loss) for the period to be appropriated9905€-56k€-167k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-264k€-431k▼
Profit (loss) brought forward from the previous period14P€-208k€-264k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €58k | €47k | €158k | ▲ 238% |
| Other operating charges640/8 | - | - | €3k | €4k | €4k | ▲ 1.1% |
| Gross operating margin9900 | €-3k | €-8k | €5k | €-7k | €-5k | ▲ 35.3% |
| Operating profit (loss)9901 | €-3k | €-11k | €-56k | €-57k | €-167k | ▼ 190% |
| Financial income75/76B | - | - | - | €1k | €2 | ▼ 99.9% |
| Recurring financial income75 | - | - | - | €1k | €2 | ▼ 99.9% |
| Financial charges65/66B | - | - | €56 | €84 | €469 | ▲ 459% |
| Recurring financial charges65 | €53 | €26 | €56 | €84 | €469 | ▲ 459% |
| Profit (loss) for the period before taxes9903 | €-3k | €-11k | €-56k | €-56k | €-167k | ▼ 197% |
| Profit (loss) for the period9904 | €-3k | €-11k | €-56k | €-56k | €-167k | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-11k | €-56k | €-56k | €-167k | ▼ 197% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €314k | €305k | €450k | €404k | €316k | ▼ 21.8% |
| Fixed assets21/28 | €178k | €208k | €449k | €402k | €313k | ▼ 22.0% |
| Tangible fixed assets22/27 | €177k | €177k | €418k | €372k | €283k | ▼ 23.8% |
| Land and buildings22 | - | - | €399k | €354k | €268k | ▼ 24.3% |
| Furniture and vehicles24 | - | - | €19k | €17k | €15k | ▼ 13.0% |
| Financial fixed assets28 | €837 | €30k | €30k | €30k | €30k | = |
| Current assets29/58 | €136k | €97k | €1k | €2k | €3k | ▲ 16.7% |
| Amounts receivable within one year40/41 | €127k | €97k | €0 | - | - | - |
| Other amounts receivable41 | - | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €9k | €0 | €1k | €2k | €3k | ▲ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €314k | €305k | €450k | €404k | €316k | ▼ 21.8% |
| Equity10/15 | €314k | €304k | €125k | €404k | €237k | ▼ 41.3% |
| Contributions10/11 | - | - | €324k | €660k | €660k | = |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | - | €8k | €8k | €8k | = |
| Reserves not available under the articles1311 | - | - | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-116k | €-126k | €-208k | €-264k | €-431k | ▼ 63.3% |
| Amounts payable17/49 | - | €1k | €325k | €0 | €79k | - |
| Amounts payable within one year42/48 | - | - | €324k | €0 | €79k | - |
| Other amounts payable47/48 | - | - | €324k | €0 | €79k | - |
| Accrued charges and deferred income492/3 | - | - | €1k | €0 | - | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-11k | €-56k | €-56k | €-167k | ▼ 197% |
| + Depreciation and write-downs630 | - | - | €58k | €47k | €158k | ▲ 238% |
| Operating cash flow (approximation) | €-3k | €-11k | €1k | €-9k | €-9k | ▲ 7.9% |
| Investment in fixed assets (approximation) | - | €-30k | - | €0 | €-70k | - |
| Change in cash | - | €-9k | - | €974 | €359 | ▼ 63.2% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-167k
Net result drops to €-167k, the lowest in the series.
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €200kEq €404k ▲224%
Equity rises from €125k to €404k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 274 days late
2019
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
21-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Nieuwpoort · 1 establishment unit since 1988
Ground area
230 m²
Building footprint
281 m²
Volume, LiDAR
7,511 m³
Parcel 38402D0009/00R000, Flanders · tallest building 42.5 m, ±13 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Torba
since 19882.032.621.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0009/00R000 | Flanders | 230 m² | 1 · 281 m² | 42.5 m · 13 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-1987
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.