Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
TOTO RECORDS from La Louvière, company number BE0427234223, closed financial year 2024 with a result of € 703 after tax. For that financial year TOTO RECORDS recorded a gross margin of € 4,409 and equity of € -116,835. Compared with financial year 2023, the result moved from € -24,632 to € 703. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 16, 2025.
€ -116,835
▲ € 703 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 703
▲ still € 24,632 loss in 2023
Profit after tax over the fiscal year.
€ 2,826
▲ € 2,254 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -135,835.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,518
▼ 44% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 31,648
▼ 3% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 205
▼ 99% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -12,780 | € 10,328 | € -20,057 | € 4,409 | ▲ € 24,465 |
| Profit after taxes | € -15,462 | € 7,114 | € -24,632 | € 703 | ▲ € 25,334 |
| Equity | € -100,020 | € -92,906 | € -117,538 | € -116,835 | ▲ € 703 |
| Total debts | € 136,922 | € 137,649 | € 157,763 | € 154,220 | ▼ 2% |
| Cash | € 578 | € 1,108 | € 573 | € 2,826 | ▲ € 2,254 |
| Retained profit | € -119,020 | € -111,906 | € -136,538 | € -135,835 | ▲ € 703 |
| Balance sheet total | € 36,901 | € 44,743 | € 40,225 | € 37,384 | ▼ 7% |
Key figures of TOTO RECORDS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TOTO RECORDS?
What happened at TOTO RECORDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 703. filed late Source: NBB ↗
- MICHAEL ALONGI became a director. NBB
- SALVATORE ALONGI stepped down as director. NBB
- SALVATORE ALONGI became a director. NBB
- New establishment in La Louvière. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,462 loss in 2021 to € 703 profit in 2024.
Best year ever: 2022, with € 7,114 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
MICHAEL ALONGI
Director
since 2024
SALVATORE ALONGI
Director
since 2023 · until 2024
Establishments
Establishment units
Physical locations of this company
Rue Liébin(H-A) 48
7110 La Louvière
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.234.223
- VAT number
- BE 0427.234.223
- Registered office
- Rue Liébin(H-A) 48, 7110 La Louvière
- Names & denominations
- TOTO RECORDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 1984
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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