Financials
Financial year 2026
TORAD from Zwalm, company number BE0811113604, closed financial year 2026 with a result of € 12,443 after tax. For that financial year TORAD recorded a gross margin of € 46,113 and equity of € 160,879. Compared with financial year 2025, the result moved from € 16,568 to € 12,443. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 5, 2026.
€ 160,879
▲ 8% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,443
▼ 25% vs 2025
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 154,379.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 23,074
▼ 27% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 143,164
▼ 18% vs 2025
€ 28,928 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2,766
▲ € 2,347 vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 8,555
▼ 17% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 75,668 | € 62,663 | € 54,513 | € 46,113 | ▼ 15% |
| Profit after taxes | € 34,379 | € 24,265 | € 16,568 | € 12,443 | ▼ 25% |
| Equity | € 121,578 | € 138,342 | € 148,435 | € 160,879 | ▲ 8% |
| Total debts | € 230,244 | € 226,550 | € 192,057 | € 154,485 | ▼ 20% |
| Cash | € 6,431 | € 8,734 | € 394 | € 0 | ▼ 100% |
| Land & buildings | € 278,360 | € 265,836 | € 260,799 | € 246,507 | ▼ 5% |
| Retained profit | € 115,078 | € 131,842 | € 141,935 | € 154,379 | ▲ 9% |
| Dividend | € 7,500 | € 7,500 | € 6,475 | € 0 | ▼ 100% |
| Bank debt | € 216,094 | € 211,851 | € 175,347 | € 143,164 | ▼ 18% |
| Balance sheet total | € 351,822 | € 364,892 | € 340,493 | € 315,364 | ▼ 7% |
Key figures of TORAD, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to TORAD?
What happened at TORAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 12,443 (▼ 25% vs 2025). Source: NBB ↗
- New establishment in Zwalm. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,379 profit in 2023 to € 12,443 profit in 2026.
Paid € 44,677 in corporate taxes since 2023.
Best year ever: 2023, with € 34,379 profit.
Paid out € 21,475 in dividends to the owners in total.
Management
Behind TORAD is HECTOR DE SMET.
Directors
According to the 2026 annual accounts
HECTOR DE SMET
Director
Establishments
Establishment units
Physical locations of this company
Kerkstraat(Hund) 32 box 2
9630 Zwalm
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0811.113.604
- VAT number
- BE 0811.113.604
- Registered office
- Kerkstraat(Hund) 32 bus 2, 9630 Zwalm
- Names & denominations
- TORAD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2009
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Overige werkzaamheden in verband met de afwerking van gebouwen
Installatie van isolatie
Overige reiniging van gebouwen; industriële reiniging
Gevelreiniging
Isolatiewerkzaamheden