Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TORAPA from Ukkel, company number BE0805788502, closed financial year 2025 with a result of € -261,597 after tax. For that financial year TORAPA recorded revenue of € 23.9 million and equity of € -190,773. Compared with financial year 2024, the result moved from € -289,176 to € -261,597. 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 January 19, 2026.
€ -190,773
▼ € 261,597 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -261,597
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
€ 413,041
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -550,773.
People and assets in 2025
74.9
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 5% vs 2024
€ 38,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 2 million
▼ 13% vs 2024
€ 306,715 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 2 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 398,421
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 15,062,938 | € 23,922,989 | ▲ 59% |
| Profit after taxes | € -289,176 | € -261,597 | ▲ € 27,578 |
| Equity | € 70,824 | € -190,773 | ▼ € 261,597 |
| Total debts | € 4,601,762 | € 4,627,139 | ▲ 1% |
| Cash | € 481,751 | € 413,041 | ▼ 14% |
| Retained profit | € -289,176 | € -550,773 | ▼ € 261,597 |
| Bank debt | € 2,339,094 | € 2,033,698 | ▼ 13% |
| Balance sheet total | € 4,672,587 | € 4,436,366 | ▼ 5% |
| Employees (FTE) | 77.7 | 74.9 | ▼ 2.8 |
Key figures of TORAPA, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TORAPA?
What happened at TORAPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 261,597. Source: NBB ↗
- New establishment in Ukkel. KBO
- Pierre-Alexandre DEMEURE became a director. NBB
- Thomas PRIMEZ became a director. NBB
- Raphaël PIRMEZ became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 289,176 loss in 2024 to € 261,597 loss in 2025.
Paid € 499 in corporate taxes since 2024.
Pays suppliers within 34 days on average.
Management
The stake of RPGE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TORAPABehind TORAPA are Pierre-Alexandre DEMEURE, Thomas PRIMEZ and Raphaël PIRMEZ. The shares are held by RPGE (8.3%).
Establishments
Establishment units
Physical locations of this company
De Frélaan 94
1180 Ukkel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0805.788.502
- VAT number
- BE 0805.788.502
- Registered office
- De Frélaan 94, 1180 Ukkel
- Names & denominations
- TORAPA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2023
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen