TOTO
ActiveTOTO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €249k and a net result of €83k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 18940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▼-2
Solvency90=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.92 in 2023; short-term debt: 35% and cash: 33.1% of total assets), and 35.2% of the assets are financed with debt.
Credit advice 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
9 d early
2022
20 d early
2021
11 d early
2020
15 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€249k▲ 28.3%
2023 · €194k
2018: €112k
2019: €140k
2020: €99k
2021: €118k
2022: €134k
2023: €194k
2018 → 2024
Total assets
€385k▲ 28.2%
2023 · €300k
2018: €202k
2019: €191k
2020: €147k
2021: €247k
2022: €261k
2023: €300k
2018 → 2024
Net result
€83k▲ 17.5%
2023 · €70k
2018: €10k
2019: €28k
2020: €-42k
2021: €45k
2022: €58k
2023: €70k
2018 → 2024
Working capital
€179k▲ 88.1%
2023 · €95k
2018: €10k
2019: €62k
2020: €12k
2021: €43k
2022: €26k
2023: €95k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€99k-€118k▲ 19.8%€134k▲ 13.6%€194k▲ 44.7%€249k▲ 28.3%
Operating result€-40k-€51k€69k▲ 36.6%€103k▲ 48.6%€128k▲ 23.9%
Net result€-42k-€45k€58k▲ 29.9%€70k▲ 21.7%€83k▲ 17.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €385k
Fixed assets
€71k▼ 29.8%
Current assets
€314k▲ 57.6%
Equity and liabilities €385k
Equity
€249k▲ 28.3%
Debt
€136k▲ 27.9%
The debt ratio falls from 35.3% to 35.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€167k▲
2023 · €146k
Cash flow
€122k▲
2023 · €113k
Solvency
64.8%▲
2023 · 64.7%
Current ratio
2.33▲
2023 · 1.92
Quick ratio
2.14▲
2023 · 1.74
Debt / equity
0.54▼
2023 · 0.54
ROE
33.2%▼
2023 · 36.2%
ROA
21.5%▼
2023 · 23.5%
Interest coverage
17.47▼
2023 · 18.88
Debt
€136k▲
2023 · €106k
Debt ≤ 1 year
€135k▲
2023 · €104k
Income taxes
€39k▲
2023 · €25k
Staff costs
€265k▲
2023 · €191k
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€300k€385k▲
Fixed assets21/28€101k€71k▼
Tangible fixed assets22/27€101k€71k▼
Plant, machinery and equipment23€31k€23k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€65k€45k▼
Financial fixed assets28€150€150=
Current assets29/58€199k€314k▲
Stocks and contracts in progress3€18k€25k▲
Stocks30/36€18k€25k▲
Amounts receivable within one year40/41€2k€156k▲
Trade receivables40€2k€0▼
Other amounts receivable41-€156k
Cash at bank and in hand54/58€179k€127k▼
Deferred charges and accrued income490/1€0€5k▲
Equity and liabilities
Total equity and liabilities10/49€300k€385k▲
Equity10/15€194k€249k▲
Contributions10/11€8k€8k=
Reserves13€186k€241k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€186k€241k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€106k€136k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€104k€135k▲
Current portion of amounts payable after more than one year42€1k€0▼
Financial debts43€7k€7k▲
Credit institutions430/8€7k€7k▲
Trade debts44€56k€37k▼
Suppliers440/4€56k€37k▼
Advances received on contracts in progress46€0€2k▲
Taxes, remuneration and social security45€28k€27k▼
Taxes450/3€13k€18k▲
Remuneration and social security454/9€14k€9k▼
Other amounts payable47/48€11k€62k▲
Accrued charges and deferred income492/3€2k€913▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€191k€265k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€39k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€339k€434k▲
Operating profit (loss)9901€103k€128k▲
Financial income75/76B€80€4k▲
Recurring financial income75€80€4k▲
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€95k€122k▲
Income taxes67/77€25k€39k▲
Profit (loss) for the period9904€70k€83k▲
Profit (loss) for the period to be appropriated9905€70k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€83k▲
Transfer from equity791/2€10k€28k▲
Transfer to equity691/2€70k€83k▲
To other reserves6921€70k€83k▲
Profit to be distributed694/7€10k€28k▲
Return on contributions (dividend)694€10k€28k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €83k ▲17.5%
Operating result €128k, net result €83k, both a record.
31-12
Financial
Equity above €200kEq €249k ▲28.3%
4 profitable years in a row build equity to €249k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €194k ▲44.7%
3 profitable years in a row build equity to €194k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
31-12
Financial
Equity above €100kEq €118k ▲19.8%
Equity rises from €99k to €118k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-42k ▼249%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 3.49
Current ratio from 1.15 to 3.49; short-term debt falls from €62k to €25k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-07
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.
Directors · office · real estate
Directors
2 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, Mechelen · 1 establishment unit since 2008
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.
Nauwstraat 72800 MechelenGround area
163 m²
Building footprint
136 m²
Volume, LiDAR
1,455 m³
Parcel 12025E0643/00D000, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DE GOUDEN VIS
since 20082.183.542.848
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025E0643/00D000 | Flanders | 163 m² | 1 · 136 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 55,250 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 55,250 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.183.542.848
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 8,081 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2003
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.