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 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Tollenaere from Gent, company number BE0741850357, closed financial year 2024 with a result of € -52,992 after tax. For that financial year Tollenaere recorded a gross margin of € 150,454 and equity of € -131,939. Compared with financial year 2023, the result moved from € -90,807 to € -52,992. The company made a loss. 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 August 29, 2025.
€ -131,939
▼ € 52,992 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -52,992
▲ 42 % less loss than in 2023
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -136,939.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 190,566
▲ 2% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,892
▼ 65% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 18,898
▼ 2% vs 2023
€ 162 is repaid this year. At this pace the long-term loan is gone in ≈ 110 years.
€ 13,198
▼ 34% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 52,898
▼ 6% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 96,849 | € 239,255 | € 107,027 | € 150,454 | ▲ 41% |
| Profit after taxes | € -65,404 | € 55,604 | € -90,807 | € -52,992 | ▲ € 37,816 |
| Equity | € -43,745 | € 11,860 | € -78,947 | € -131,939 | ▼ € 52,992 |
| Total debts | € 112,698 | € 171,870 | € 158,343 | € 175,026 | ▲ 11% |
| Cash | € 23,336 | € 122,581 | € 18,640 | € 0 | ▼ 100% |
| Retained profit | € -48,745 | € 6,860 | € -83,947 | € -136,939 | ▼ € 52,992 |
| Bank debt | € 2,582 | € 18,671 | € 19,188 | € 18,898 | ▼ 2% |
| Balance sheet total | € 68,953 | € 183,730 | € 79,396 | € 43,087 | ▼ 46% |
Key figures of Tollenaere, 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 Tollenaere?
What happened at Tollenaere in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 52,992. filed late Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Lochristi. KBO
- Start of the company according to the CBE. KBO
- Davy Tollenaere became a director. NBB
In short
From € 65,404 loss in 2021 to € 52,992 loss in 2024.
Paid € 4,184 in corporate taxes since 2021.
Best year ever: 2022, with € 55,604 profit.
Management
Behind Tollenaere is Davy Tollenaere.
Directors
According to the 2024 annual accounts
Davy Tollenaere
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Leonie Rammeloostraat 19
9041 Gent
Antwerpse Steenweg 144 box 102
9080 Lochristi
Active since 21 January 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0741.850.357
- VAT number
- BE 0741.850.357
- Registered office
- Leonie Rammeloostraat 19, 9041 Gent
- Names & denominations
- Tollenaere · /
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 2020
- Peppol
- Active · Active since 22 Nov 2024
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