NEW T-CORE
ActiveNEW T-CORE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.98M and a net result of €531k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 83% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 4.65 against 4.09 in 2024; short-term debt: 20.8% and cash: 33.5% of total assets), and 20.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
79.1%
Return on assets
21.2%
Age of the figures
9 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.98M
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 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
55 d early
2023
54 d early
2022
66 d early
2021
62 d early
2020
61 d early
2019
59 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.98M▲ 19.7%
2024 · €1.66M
2018: €1.53M
2019: €1.83M
2020: €1.83M
2021: €1.85M
2022: €1.88M
2023: €1.43M
2024: €1.66M
2018 → 2025
Total assets
€2.50M▲ 16.4%
2024 · €2.15M
2018: €1.69M
2019: €2.10M
2020: €2.22M
2021: €2.20M
2022: €2.18M
2023: €2.47M
2024: €2.15M
2018 → 2025
Net result
€531k▲ 0.2%
2024 · €529k
2018: €281k
2019: €301k
2020: €205k
2021: €233k
2022: €168k
2023: €403k
2024: €529k
2018 → 2025
Working capital
€1.89M▲ 24.6%
2024 · €1.52M
2018: €1.52M
2019: €1.83M
2020: €1.81M
2021: €1.78M
2022: €1.79M
2023: €1.30M
2024: €1.52M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.85M-€1.88M▲ 1.7%€1.43M▼ 24.0%€1.66M▲ 16.0%€1.98M▲ 19.7%
Operating result€372k-€238k▼ 35.9%€543k▲ 128%€701k▲ 29.2%€737k▲ 5.1%
Net result€233k-€168k▼ 27.8%€403k▲ 140%€529k▲ 31.3%€531k▲ 0.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.50M
Fixed assets
€90k▼ 34.6%
Current assets
€2.41M▲ 19.9%
Equity and liabilities €2.50M
Equity
€1.98M▲ 19.7%
Debt
€523k▲ 5.7%
The debt ratio falls from 23.0% to 20.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€786k▲
2024 · €743k
Cash flow
€579k▲
2024 · €571k
Solvency
79.1%▲
2024 · 77.0%
Current ratio
4.65▲
2024 · 4.09
Quick ratio
3.53▲
2024 · 3.04
Debt / equity
0.26▼
2024 · 0.30
ROE
26.8%▼
2024 · 32.0%
ROA
21.2%▼
2024 · 24.6%
Interest coverage
111.14▼
2024 · 136.84
Debt
€523k▲
2024 · €495k
Debt ≤ 1 year
€520k▲
2024 · €492k
Income taxes
€255k▲
2024 · €244k
Staff costs
€368k▲
2024 · €342k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.15M€2.50M▲
Fixed assets21/28€138k€90k▼
Intangible fixed assets21€43k€20k▼
Tangible fixed assets22/27€94k€69k▼
Furniture and vehicles24€94k€69k▼
Financial fixed assets28€877€877=
Current assets29/58€2.01M€2.41M▲
Stocks and contracts in progress3€517k€580k▲
Stocks30/36€517k€580k▲
Amounts receivable within one year40/41€315k€685k▲
Trade receivables40€315k€685k▲
Current investments50/53-€300k
Cash at bank and in hand54/58€1.17M€839k▼
Deferred charges and accrued income490/1€11k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.15M€2.50M▲
Equity10/15€1.66M€1.98M▲
Reserves13€1.66M€1.98M▲
Distributable reserves133€1.66M€1.98M▲
Amounts payable17/49€495k€523k▲
Amounts payable within one year42/48€492k€520k▲
Financial debts43€34k-
Credit institutions430/8€34k-
Trade debts44€13k€118k▲
Suppliers440/4€13k€118k▲
Taxes, remuneration and social security45€145k€196k▲
Taxes450/3€104k€153k▲
Remuneration and social security454/9€41k€43k▲
Other amounts payable47/48€301k€205k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€342k€368k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€48k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€1.09M€1.16M▲
Operating profit (loss)9901€701k€737k▲
Financial income75/76B€77k€55k▼
Recurring financial income75€77k€55k▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€773k€785k▲
Income taxes67/77€244k€255k▲
Profit (loss) for the period9904€529k€531k▲
Profit (loss) for the period to be appropriated9905€529k€531k▲
Appropriation of the result
Profit (loss) to be appropriated9906€529k€531k▲
Transfer from equity791/2€301k€205k▼
Transfer to equity691/2€529k€531k▲
To other reserves6921€529k€531k▲
Profit to be distributed694/7€301k€205k▼
Return on contributions (dividend)694€301k€205k▼
Social balance
Average headcount (FTE)90873.83.8=
The notes to these accounts (10 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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €531k ▲0.2%
Operating result €737k, net result €531k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €168k ▼27.8%
Net result drops to €168k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tervuren · 2 establishment units since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsestraat 933080 TervurenGround area
3.3 ha
Building footprint
1.6 ha
Volume, LiDAR
141,735 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
T-CORE
since 20092.178.231.109
NEW T-CORE
since 20162.255.023.930
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0046/00T000 | Flanders | 2.9 ha | 1 · 1.5 ha | 11.8 m · 3 fl. |
| 24114D0022/00D000 | Flanders | 4,528 m² | 1 · 289 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8755004713OMY3H0XA74
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Of 335 companies in sector 46471 we hold annual accounts for 189. 78 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-2009
Fiscal year end31-12
Trade name NL
T-CORE
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
46471Wholesale trade
46497Wholesale trade
46499Wholesale of other household goods
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@t-core.be
Phone:027214323