Financials
- Fiscal year
- 2025
- Total assets
- €367,863
- Profit
- €69,111
- Solvency
- 15.5%
Total assets▼ 8.3%
Net result
20182025
ETS TILGENKAMP
ActiveSummary
ETS TILGENKAMP has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,853 and a net result of €69,111. Equity is shrinking by ~8.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Wholesale of electrical equipment, including installation materials
NACE 46643NACE 46693
1 site
Size
€367,863total assets 2025
- Equity
- €56,853
- Profit
- €69,111
Structure
Accounts 197 d early0 of 2 deeds read
Why 86- Equity €56,853 (15.5% of total assets)- Sector Wholesale trade (NACE 46)+ Size: total assets €367,863+ Liquidity: current ratio 1.04, cash €97,488Show the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
40-4
equity 15.5% of total assets
Liquidity
37-8
short-term debt 84.5% · cash 26.5%
Profitability
92+6
return on assets 18.8%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 0.2%lowest value
08-2025: 0.2%● 0.0% vs 07-2025lowest value
09-2025: 0.2%● 0.0% vs 08-2025lowest value
10-2025: 0.2%● 0.0% vs 09-2025lowest value
11-2025: 0.2%● 0.0% vs 10-2025lowest value
12-2025: 0.2%● 0.0% vs 11-2025lowest value
01-2026: 0.2%● 0.0% vs 12-2025lowest value
02-2026: 0.3%▲ +31.2% vs 01-2026highest value
03-2026: 0.3%▼ -1.4% vs 02-2026
04-2026: 0.3%● 0.0% vs 03-2026
05-2026: 0.3%● 0.0% vs 04-2026
06-2026: 0.2%▼ -18.0% vs 05-2026
07-2026: 0.2%● 0.0% vs 06-2026
08-2026: 0.2%● 0.0% vs 07-2026
09-2026: 0.2%▲ +1.8% vs 08-2026
10-2026: 0.2%▲ +3.9% vs 09-2026
- Equity €56,853 (15.5% of total assets) raises the probability
- Size: total assets €367,863 lowers the probability for this profile
- Liquidity: current ratio 1.04, cash €97,488 lowers the probability
- Sector Wholesale trade (NACE 46) raises the probability
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.07 in 2024; short-term debt: 84.5% and cash: 26.5% of total assets), and 84.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 27%, liquidity 34%, profitability 86%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-01-2026, 197 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
197 d early
2024
191 d early
2023
190 d early
2022
188 d early
2021
188 d early
2020
190 d early
2019
127 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 182 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 23 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · unclassified…
- Annual accounts filedfiscal year 2024 · unclassified…
- Annual accounts filedfiscal year 2023 · unclassified…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 15-01-2026Annual accounts filed
- 21-01-2025Annual accounts filed
- 23-01-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of electrical equipment, including installation materialsNACE 46643
- Founded
- 15-12-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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