K-TIOUSHA
ActiveSummary
K-TIOUSHA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €481k and a net result of €96k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability81▼-8
Solvency74▼-26
Growth61=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 4.64 in 2023; short-term debt: 13.5% and cash: 17.3% of total assets), but 51.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
48.7%
Return on assets
9.7%
Age of the figures
15 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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
28 d late
2023
9 d late
2022
9 d late
2021
3 d early
2020
8 d late
2019
1 d early
2018
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€170k▲ 5.2%
2020 · €161k
2019: €182khighest value
2020: €161k▼ -11.5% vs 2019lowest value
2023: €170k
2019 → 2023
EBIT margin
52.9%▲ 7.8pp
2020 · 45.1%
2019: 24.4%lowest value
2020: 45.1%▲ +84.6% vs 2019
2023: 52.9%highest value
2019 → 2023
Net result
€96k▲ 59.7%
2023 · €60k
2019: €33klowest value
2020: €51k▲ +51.8% vs 2019
2021: €65k▲ +28.0% vs 2020
2022: €68k▲ +5.1% vs 2021
2023: €60k▼ -12.0% vs 2022
2025: €96khighest value
2019 → 2025
Working capital
€203k▼ 7.2%
2023 · €219k
2019: €134k
2020: €31k▼ -76.9% vs 2019lowest value
2021: €117k▲ +280% vs 2020
2022: €223k▲ +90.4% vs 2021highest value
2023: €219k▼ -1.8% vs 2022
2025: €203k
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€161k-€170k
2020: €161k
2023: €170k
Equity€212k-€273k▲ 29.1%€341k▲ 24.9%€401k▲ 17.6%€481k▲ 19.9%
2020: €212klowest value
2021: €273k▲ +29.1% vs 2020
2022: €341k▲ +24.9% vs 2021
2023: €401k▲ +17.6% vs 2022
2025: €481khighest value
Operating result€73k-€99k▲ 36.6%€70k▼ 29.9%€90k▲ 28.9%€144k▲ 60.5%
2020: €73k
2021: €99k▲ +36.6% vs 2020
2022: €70k▼ -29.9% vs 2021lowest value
2023: €90k▲ +28.9% vs 2022
2025: €144khighest value
Net result€51k-€65k▲ 28.0%€68k▲ 5.1%€60k▼ 12.0%€96k▲ 59.7%
2020: €51klowest value
2021: €65k▲ +28.0% vs 2020
2022: €68k▲ +5.1% vs 2021
2023: €60k▼ -12.0% vs 2022
2025: €96khighest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €144k in 2025, compared with €90k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €988k
Fixed assets
€652k ▲ 198%
Current assets
€337k ▲ 20.6%
Equity and liabilities €988k
Equity
€481k ▲ 19.9%
Debt
€507k ▲ 425%
Debt's share of the balance-sheet total rises from 19.4% to 51.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€179k▲
2023 · €119k
Cash flow
€130k▲
2023 · €89k
Current ratio
2.52▼
2023 · 4.64
Debt to equity
1.05▲
2023 · 0.24
ROE
19.9%▲
2023 · 14.9%
ROA
9.7%▼
2023 · 12.0%
Interest coverage
28.78▼
2023 · 193.42
Debt ≤ 1 year
€133k▲
2023 · €60k
Debt > 1 year
€374k▲
2023 · €36k
Income taxes
€49k▲
2023 · €29k
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 2023 · 56 lines
Balance sheet
Code20232025
Assets
Total assets20/58€498k€988k▲
Fixed assets21/28€219k€652k▲
Tangible fixed assets22/27€61k€460k▲
Land and buildings22-€373k
Plant, machinery and equipment23€4k€63k▲
Furniture and vehicles24€57k€23k▼
Financial fixed assets28€157k€192k▲
Current assets29/58€279k€337k▲
Amounts receivable within one year40/41€38k€106k▲
Trade receivables40€26k€13k▼
Other amounts receivable41€11k€94k▲
Current investments50/53€59k€59k=
Cash at bank and in hand54/58€182k€171k▼
Equity and liabilities
Total equity and liabilities10/49€498k€988k▲
Equity10/15€401k€481k▲
Contributions10/11€19k€19k=
Reserves13€274k€353k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€18k€18k=
Distributable reserves133€254k€333k▲
Profit (loss) carried forward14€109k€110k▲
Amounts payable17/49€97k€507k▲
Amounts payable after more than one year17€36k€374k▲
Financial debts170/4€36k€374k▲
Amounts payable within one year42/48€60k€133k▲
Current portion of amounts payable after more than one year42-€23k
Trade debts44€3k€27k▲
Suppliers440/4€3k€27k▲
Taxes, remuneration and social security45€56k€69k▲
Taxes450/3€56k€69k▲
Other amounts payable47/48€711€15k▲
Income statement
Code20232025
Turnover70€170k-
Goods, raw materials, services and sundry goods60/61€50k-
Remuneration, social security and pensions62€247-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€35k▲
Other operating charges640/8€215€2k▲
Non-recurring operating charges66A€500€300▼
Gross operating margin9900€120k€181k▲
Operating profit (loss)9901€90k€144k▲
Financial income75/76B€220€7k▲
Recurring financial income75€220€7k▲
Non-recurring financial income76B€220-
Financial charges65/66B€616€6k▲
Recurring financial charges65€616€6k▲
Profit (loss) for the period before taxes9903€89k€144k▲
Income taxes67/77€29k€49k▲
Profit (loss) for the period9904€60k€96k▲
Profit (loss) for the period to be appropriated9905€60k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€168k€205k▲
Profit (loss) brought forward from the previous period14P€108k€109k▲
Transfer from equity791/2-€35k
Transfer to equity691/2€59k€95k▲
To other reserves6921€59k€95k▲
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €161k | - | - | €170k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €50k | - | - |
| Remuneration, social security and pensions62 | - | - | €2k | €247 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €20k | €22k | €29k | €35k | - |
| Other operating charges640/8 | - | - | €331 | €215 | €2k | - |
| Non-recurring operating charges66A | - | - | €49 | €500 | €300 | - |
| Gross operating margin9900 | €109k | €159k | €94k | €120k | €181k | - |
| Operating profit (loss)9901 | €73k | €99k | €70k | €90k | €144k | - |
| Financial income75/76B | - | - | €22k | €220 | €7k | - |
| Recurring financial income75 | - | €339 | €22k | €220 | €7k | - |
| Non-recurring financial income76B | - | - | €22k | €220 | - | - |
| Financial charges65/66B | - | - | €551 | €616 | €6k | - |
| Recurring financial charges65 | €467 | €2k | €551 | €616 | €6k | - |
| Profit (loss) for the period before taxes9903 | €73k | €98k | €91k | €89k | €144k | - |
| Income taxes67/77 | €22k | €30k | €23k | €29k | €49k | - |
| Profit (loss) for the period9904 | €51k | €65k | €68k | €60k | €96k | - |
| Profit (loss) for the period to be appropriated9905 | €47k | €65k | €68k | €60k | €96k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €243k | €315k | €429k | €498k | €988k | - |
| Fixed assets21/28 | €181k | €172k | €155k | €219k | €652k | - |
| Tangible fixed assets22/27 | €20k | €47k | €79k | €61k | €460k | - |
| Land and buildings22 | - | - | - | - | €373k | - |
| Plant, machinery and equipment23 | - | - | €6k | €4k | €63k | - |
| Furniture and vehicles24 | - | - | €73k | €57k | €23k | - |
| Financial fixed assets28 | €160k | €125k | €75k | €157k | €192k | - |
| Current assets29/58 | €62k | €142k | €275k | €279k | €337k | - |
| Amounts receivable within one year40/41 | €3k | €18k | €9k | €38k | €106k | - |
| Trade receivables40 | - | - | €7k | €26k | €13k | - |
| Other amounts receivable41 | - | - | €3k | €11k | €94k | - |
| Current investments50/53 | - | €59k | €59k | €59k | €59k | - |
| Cash at bank and in hand54/58 | €59k | €65k | €206k | €182k | €171k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €243k | €315k | €429k | €498k | €988k | - |
| Equity10/15 | €212k | €273k | €341k | €401k | €481k | - |
| Contributions10/11 | €19k | - | €19k | €19k | €19k | - |
| Reserves13 | €99k | €150k | €215k | €274k | €353k | - |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | - |
| Tax-exempt reserves132 | - | - | €18k | €18k | €18k | - |
| Distributable reserves133 | - | - | €195k | €254k | €333k | - |
| Profit (loss) carried forward14 | €94k | €105k | €108k | €109k | €110k | - |
| Amounts payable17/49 | €31k | €41k | €88k | €97k | €507k | - |
| Amounts payable after more than one year17 | - | €16k | €36k | €36k | €374k | - |
| Financial debts170/4 | - | - | €36k | €36k | €374k | - |
| Amounts payable within one year42/48 | €31k | €25k | €51k | €60k | €133k | - |
| Current portion of amounts payable after more than one year42 | - | - | €20k | - | €23k | - |
| Trade debts44 | €426 | €1k | €6k | €3k | €27k | - |
| Suppliers440/4 | - | - | €6k | €3k | €27k | - |
| Taxes, remuneration and social security45 | - | - | €24k | €56k | €69k | - |
| Taxes450/3 | - | - | €24k | €56k | €69k | - |
| Other amounts payable47/48 | - | - | €965 | €711 | €15k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €65k | €68k | €60k | €96k | - |
| + Depreciation and write-downs630 | €22k | €20k | €22k | €29k | €35k | - |
| Operating cash flow (approximation) | €72k | €85k | €90k | €89k | €130k | - |
| Investment in fixed assets (approximation) | - | €-12k | €-4k | €-94k | - | - |
| Change in cash | - | €7k | €141k | €-24k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-06
Financial
Highest result since 2019net €96k ▲59.7%
Operating result €144k, net result €96k, both a record.
2024
09-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 5.66
Current ratio from 1.99 to 5.66; short-term debt falls from €31k to €25k.
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 8 days late
2020
30-06
Financial
Equity above €200kEq €212k ▲31.5%
2 profitable years in a row build equity to €212k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
21-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB 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, Havelange · 1 establishment unit since 2014
Ground area
499 m²
Building footprint
78 m²
Parcel 91012D0521/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
K-TIOUSHA
since 20142.230.303.974
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91012D0521/00F000 | Wallonia | 499 m² | 1 · 78 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,393 companies in sector 90393 we hold annual accounts for 939. 588 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-12-2013
Fiscal year end30-06
Trade name FR
K-TIOUSHA sprl
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
Scores and ratios are computed by Checked and are not a credit decision.