BELGIAN TYRE SERVICES
ActiveSummary
BELGIAN TYRE SERVICES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €626k and a net result of €71k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 1037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-11
Solvency73▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 3.37 in 2024; short-term debt: 51.2% and cash: 8.7% of total assets), but 51.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.1%
Return on assets
5.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
29 d late
2020
61 d late
2019
31 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€626k▲ 12.8%
2024 · €555k
2018: €279k
2019: €382k
2020: €437k
2021: €508k
2022: €554k
2023: €439k
2024: €555k
2018 → 2025
Total assets
€1.30M▲ 61.2%
2024 · €807k
2018: €702k
2019: €825k
2020: €1.01M
2021: €1.54M
2022: €1.76M
2023: €1.71M
2024: €807k
2018 → 2025
Net result
€71k▼ 38.9%
2024 · €116k
2018: €35k
2019: €402k
2020: €56k
2021: €70k
2022: €46k
2023: €-115k
2024: €116k
2018 → 2025
Working capital
€623k▲ 14.4%
2024 · €545k
2018: €199k
2019: €381k
2020: €402k
2021: €427k
2022: €519k
2023: €433k
2024: €545k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€508k-€554k▲ 9.1%€439k▼ 20.8%€555k▲ 26.5%€626k▲ 12.8%
Operating result€101k-€90k▼ 11.1%€-98k€135k€99k▼ 26.9%
Net result€70k-€46k▼ 34.4%€-115k€116k€71k▼ 38.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.30M
Fixed assets
€12k ▼ 62.1%
Current assets
€1.29M ▲ 66.4%
Equity and liabilities €1.30M
Equity
€626k ▲ 12.8%
Debt
€675k ▲ 168%
Debt's share of the balance-sheet total rises from 31.2% to 51.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€117k▼
2024 · €155k
Cash flow
€90k▼
2024 · €136k
Current ratio
1.94▼
2024 · 3.37
Quick ratio
0.86▼
2024 · 1.38
Debt to equity
1.08▲
2024 · 0.45
ROE
11.3%▼
2024 · 20.9%
ROA
5.5%▼
2024 · 14.4%
Interest coverage
12.57▲
2024 · 6.97
Debt ≤ 1 year
€665k▲
2024 · €230k
Income taxes
€28k▲
2024 · €5k
Staff costs
€245k▲
2024 · €226k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€807k€1.30M▲
Fixed assets21/28€32k€12k▼
Tangible fixed assets22/27€32k€12k▼
Plant, machinery and equipment23€20k€7k▼
Furniture and vehicles24€12k€5k▼
Current assets29/58€774k€1.29M▲
Stocks and contracts in progress3€458k€719k▲
Stocks30/36€458k€719k▲
Amounts receivable within one year40/41€164k€453k▲
Trade receivables40€156k€445k▲
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€147k€113k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€807k€1.30M▲
Equity10/15€555k€626k▲
Contributions10/11€50k€50k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Profit (loss) carried forward14€500k€571k▲
Amounts payable17/49€252k€675k▲
Amounts payable within one year42/48€230k€665k▲
Trade debts44€2k€388k▲
Suppliers440/4€2k€388k▲
Taxes, remuneration and social security45€26k€25k▼
Taxes450/3€35€3k▲
Remuneration and social security454/9€26k€23k▼
Other amounts payable47/48€202k€252k▲
Accrued charges and deferred income492/3€22k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€413€0▼
Remuneration, social security and pensions62€226k€245k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€19k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€18k▲
Other operating charges640/8€3k€7k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€386k€388k▲
Operating profit (loss)9901€135k€99k▼
Financial income75/76B€9k€9k▲
Recurring financial income75€9k€9k▲
Financial charges65/66B€22k€9k▼
Recurring financial charges65€22k€9k▼
Profit (loss) for the period before taxes9903€121k€98k▼
Income taxes67/77€5k€28k▲
Profit (loss) for the period9904€116k€71k▼
Profit (loss) for the period to be appropriated9905€116k€71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€500k€571k▲
Profit (loss) brought forward from the previous period14P€384k€500k▲
Social balance
Average headcount (FTE)90873.23.8▲
The notes to these accounts (11 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
15-09
State Gazette act
Other statement · Auditor report
Shareholding · Demerger
15-09
State Gazette act
General meeting · Merger
Other statement · Shareholding
11-09
State Gazette act
General meeting · Merger
Other statement · Auditor report
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Back to profitnet €116k
Net result €116k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.37
Current ratio from 1.35 to 3.37; short-term debt falls from €1.23M to €230k.
31-12
Financial
Equity above €500kEq €555k ▲26.5%
Equity rises from €439k to €555k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-115k
Net result drops to €-115k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
Show earlier events
2021
31-12
Financial
Equity above €500kEq €508k ▲16.1%
4 profitable years in a row build equity to €508k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €402k ▲1,033%
Operating result €574k, net result €402k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
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, Gent · 1 establishment unit since 1994
Ground area
9,678 m²
Building footprint
2,404 m²
Parcel 44813B0120/00B004, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BELGIAN TYRE SERVICES BVBA
since 19942.058.437.493
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813B0120/00B004 | Flanders | 9,678 m² | 1 · 2,404 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 59 EUR | 59 EUR |
| 2023 | 1 | 91 EUR | 91 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,000 companies in sector 95315 we hold annual accounts for 427. 244 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)
Founded19-09-1991
Fiscal year end31-12
Abbreviation NL
B.T.S.
Activities, NACEBEL 2025
95315Tyre services
46820Wholesale trade
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.