TOXAN
ActiveSummary
TOXAN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-4k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 32% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-2
Solvency57▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 2.08 in 2024; short-term debt: 22.2% and cash: 11.1% of total assets), and 67.8% 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 · 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
Sector 70
lower
← 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
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
32.2%
Return on assets
-3%
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
1819202122232425
2018 to 2025 · latest year €-4k
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 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
16 d late
2023
on the day
2022
23 d late
2021
25 d late
2020
25 d late
2019
25 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, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€39k▼ 46.6%
2024 · €72k
2018: €122k
2019: €148k
2020: €175k
2021: €213k
2022: €214k
2023: €75k
2024: €72k
2018 → 2025
Total assets
€120k▼ 35.6%
2024 · €186k
2018: €289k
2019: €289k
2020: €230k
2021: €261k
2022: €236k
2023: €83k
2024: €186k
2018 → 2025
Net result
€-4k▼ 24.3%
2024 · €-3k
2018: €32k
2019: €32k
2020: €27k
2021: €38k
2022: €2k
2023: €4k
2024: €-3k
2018 → 2025
Working capital
€8k▼ 79.9%
2024 · €38k
2018: €107k
2019: €107k
2020: €160k
2021: €197k
2022: €209k
2023: €75k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€213k-€214k▲ 0.7%€75k▼ 64.9%€72k▼ 3.9%€39k▼ 46.6%
Operating result€55k-€6k▼ 89.5%€9k▲ 59.2%€2k▼ 79.6%€733▼ 60.8%
Net result€38k-€2k▼ 95.8%€4k▲ 144%€-3k€-4k▼ 24.3%
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 two years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€86k ▼ 24.7%
Current assets
€34k ▼ 52.7%
Equity and liabilities €120k
Equity
€39k ▼ 46.6%
Debt
€81k ▼ 28.7%
Debt's share of the balance-sheet total rises from 61.2% to 67.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29k▲
2024 · €29k
Cash flow
€24k▲
2024 · €24k
Current ratio
1.28▼
2024 · 2.08
Debt to equity
2.11▲
2024 · 1.58
ROE
-9.5%▼
2024 · -4.1%
ROA
-3.0%▼
2024 · -1.6%
Interest coverage
6.97▲
2024 · 6.13
Debt ≤ 1 year
€27k▼
2024 · €35k
Debt > 1 year
€55k▼
2024 · €79k
Income taxes
€238▲
2024 · €125
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€186k€120k▼
Fixed assets21/28€114k€86k▼
Tangible fixed assets22/27€114k€86k▼
Furniture and vehicles24€114k€86k▼
Current assets29/58€72k€34k▼
Amounts receivable within one year40/41€60k€20k▼
Trade receivables40€15k€15k▼
Other amounts receivable41€45k€5k▼
Cash at bank and in hand54/58€9k€13k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€186k€120k▼
Equity10/15€72k€39k▼
Contributions10/11€25k€25k=
Reserves13€36k€14k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€36k€14k▼
Profit (loss) carried forward14€11k€0▼
Amounts payable17/49€114k€81k▼
Amounts payable after more than one year17€79k€55k▼
Financial debts170/4€79k€55k▼
Amounts payable within one year42/48€35k€27k▼
Financial debts43€24k€25k▲
Credit institutions430/8€24k€25k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€125€238▲
Taxes450/3€125€238▲
Other amounts payable47/48€8k€177▼
Income statement
Code20242025
Non-recurring operating income76A€646€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€30k€30k▲
Operating profit (loss)9901€2k€733▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-3k€-3k▼
Income taxes67/77€125€238▲
Profit (loss) for the period9904€-3k€-4k▼
Profit (loss) for the period to be appropriated9905€-3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€7k▼
Profit (loss) brought forward from the previous period14P€14k€11k▼
Transfer from equity791/2€0€30k▲
Transfer to equity691/2€0€7k▲
To other reserves6921€0€7k▲
Profit to be distributed694/7€0€30k▲
Return on contributions (dividend)694€0€30k▲
The notes to these accounts (6 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
31-08
State Gazette act
Board meeting · Director appointment
Permanent representative · Power limitation
31-08
State Gazette act
Board meeting · Director appointment
Permanent representative · Authority limitation
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
30-09
Financial
Liquidity doublescurrent ratio 10.77
Current ratio from 5.10 to 10.77; short-term debt falls from €48k to €21k.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-09
Financial
Highest result since 2018net €38k ▲41.5%
Net result €38k, the highest in the series.
30-09
Financial
Equity above €200kEq €213k ▲21.6%
4 profitable years in a row build equity to €213k.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Show earlier events
2020
30-09
Financial
Liquidity triplescurrent ratio 4.55
Current ratio from 1.79 to 4.55; short-term debt falls from €136k to €45k.
30-09
Financial
Equity above €150kEq €175k ▲18.1%
3 profitable years in a row build equity to €175k.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brugge · 1 establishment unit since 2002
Ground area
1,479 m²
Building footprint
291 m²
Volume, LiDAR
2,139 m³
2 parcels, Flanders, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Mont les Champs,Bohan 222, 5550 Vresse-sur-Semois
since 20022.131.431.082
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91018B0345/00L022 | Wallonia | 1,400 m² | 1 · 146 m² | 8.3 m · 2 fl. |
| 31804D0982/00F002 | Flanders | 79 m² | 1 · 145 m² | 11.9 m · 3 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.
Structure & network
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,459 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 (pre-2019)
Founded31-01-2001
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
51100Air transport
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.