NTCS
ActiveSummary
NTCS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €16k. Equity is growing by ~62.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency87▲+24
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 1.47 in 2024; short-term debt: 38.4% and cash: 82.8% of total assets), and 38.4% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
61.6%
Return on assets
36.6%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
16 d early
2024
29 d early
2023
28 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 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, micro schema
Equity
€26k▲ 146%
2024 · €11k
2023: €12k
2024: €11k▼ -8.8% vs 2023lowest in 3 years
2025: €26k▲ +146% vs 2024highest in 3 years
2023 → 2025
Total assets
€43k▲ 49.8%
2024 · €28k
2023: €22klowest in 3 years
2024: €28k▲ +26.8% vs 2023
2025: €43k▲ +49.8% vs 2024highest in 3 years
2023 → 2025
Net result
€16k▲ 106%
2024 · €8k
2023: €5klowest in 3 years
2024: €8k▲ +60.2% vs 2023
2025: €16k▲ +106% vs 2024highest in 3 years
2023 → 2025
Working capital
€25k▲ 202%
2024 · €8k
2023: €9k
2024: €8k▼ -10.9% vs 2023lowest in 3 years
2025: €25k▲ +202% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€12k-€11k▼ 8.8%€26k▲ 146%
2023: €12k
2024: €11k▼ -8.8% vs 2023lowest in 3 years
2025: €26k▲ +146% vs 2024highest in 3 years
Operating result€6k-€10k▲ 59.5%€20k▲ 105%
2023: €6klowest in 3 years
2024: €10k▲ +59.5% vs 2023
2025: €20k▲ +105% vs 2024highest in 3 years
Net result€5k-€8k▲ 60.2%€16k▲ 106%
2023: €5klowest in 3 years
2024: €8k▲ +60.2% vs 2023
2025: €16k▲ +106% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 105% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43k
Fixed assets
€797 ▼ 64.6%
Current assets
€42k ▲ 59.6%
Equity and liabilities €43k
Equity
€26k ▲ 146%
Debt
€16k ▼ 8.0%
Debt's share of the balance-sheet total falls from 62.4% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2024 · €11k
Cash flow
€17k▲
2024 · €9k
Current ratio
2.56▲
2024 · 1.47
Debt to equity
0.62▼
2024 · 1.66
ROE
59.3%▼
2024 · 70.8%
ROA
36.6%▲
2024 · 26.6%
Interest coverage
232.21▲
2024 · 122.77
Debt ≤ 1 year
€16k▼
2024 · €18k
Income taxes
€4k▲
2024 · €2k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€28k€43k▲
Fixed assets21/28€2k€797▼
Tangible fixed assets22/27€2k€797▼
Plant, machinery and equipment23€1k€631▼
Furniture and vehicles24€1k€166▼
Current assets29/58€26k€42k▲
Amounts receivable within one year40/41€12k€7k▼
Trade receivables40€6k€7k▲
Other amounts receivable41€6k€14▼
Cash at bank and in hand54/58€14k€35k▲
Equity and liabilities
Total equity and liabilities10/49€28k€43k▲
Equity10/15€11k€26k▲
Contributions10/11€7k€7k=
Profit (loss) carried forward14€4k€19k▲
Amounts payable17/49€18k€16k▼
Amounts payable within one year42/48€18k€16k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€9k€9k▼
Other amounts payable47/48€9k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€497€511▲
Gross operating margin9900€11k€21k▲
Operating profit (loss)9901€10k€20k▲
Financial income75/76B€92€72▼
Recurring financial income75€92€72▼
Financial charges65/66B€88€90▲
Recurring financial charges65€88€90▲
Profit (loss) for the period before taxes9903€10k€20k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€8k€16k▲
Profit (loss) for the period to be appropriated9905€8k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€19k▲
Profit (loss) brought forward from the previous period14P€5k€4k▼
Profit to be distributed694/7€9k-
Return on contributions (dividend)694€9k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €876 | €1k | €1k | ▲ 17.6% |
| Other operating charges640/8 | €634 | €497 | €511 | ▲ 2.9% |
| Gross operating margin9900 | €7k | €11k | €21k | ▲ 90.7% |
| Operating profit (loss)9901 | €6k | €10k | €20k | ▲ 105% |
| Financial income75/76B | €10 | €92 | €72 | ▼ 21.8% |
| Recurring financial income75 | €10 | €92 | €72 | ▼ 21.8% |
| Financial charges65/66B | €28 | €88 | €90 | ▲ 3.0% |
| Recurring financial charges65 | €28 | €88 | €90 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €6k | €10k | €20k | ▲ 104% |
| Income taxes67/77 | €1k | €2k | €4k | ▲ 98.4% |
| Profit (loss) for the period9904 | €5k | €8k | €16k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €5k | €8k | €16k | ▲ 106% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €22k | €28k | €43k | ▲ 49.8% |
| Fixed assets21/28 | €2k | €2k | €797 | ▼ 64.6% |
| Tangible fixed assets22/27 | €2k | €2k | €797 | ▼ 64.6% |
| Plant, machinery and equipment23 | - | €1k | €631 | ▼ 39.6% |
| Furniture and vehicles24 | €2k | €1k | €166 | ▼ 86.3% |
| Current assets29/58 | €20k | €26k | €42k | ▲ 59.6% |
| Amounts receivable within one year40/41 | €9k | €12k | €7k | ▼ 45.0% |
| Trade receivables40 | €5k | €6k | €7k | ▲ 8.0% |
| Other amounts receivable41 | €4k | €6k | €14 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €11k | €14k | €35k | ▲ 147% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €22k | €28k | €43k | ▲ 49.8% |
| Equity10/15 | €12k | €11k | €26k | ▲ 146% |
| Contributions10/11 | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €5k | €4k | €19k | ▲ 423% |
| Amounts payable17/49 | €11k | €18k | €16k | ▼ 8.0% |
| Amounts payable within one year42/48 | €11k | €18k | €16k | ▼ 8.0% |
| Trade debts44 | €213 | - | - | - |
| Suppliers440/4 | €213 | - | - | - |
| Taxes, remuneration and social security45 | €11k | €9k | €9k | ▼ 2.3% |
| Taxes450/3 | €11k | €9k | €9k | ▼ 2.3% |
| Other amounts payable47/48 | - | €9k | €7k | ▼ 14.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €8k | €16k | ▲ 106% |
| + Depreciation and write-downs630 | €876 | €1k | €1k | ▲ 17.6% |
| Operating cash flow (approximation) | €6k | €9k | €17k | ▲ 93.6% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | ▲ 100% |
| Change in cash | - | €3k | €21k | ▲ 636% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €16k ▲106%
Operating result €20k, net result €16k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 2023
Ground area
613 m²
Building footprint
142 m²
Parcel 25762E0010/00A000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
NTCS
since 20232.342.654.324
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762E0010/00A000 | Wallonia | 613 m² | 1 · 142 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 33,335 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
Founded26-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
tytgat.nicolas@gmail.com
Phone
+32477550528
Scores and ratios are computed by Checked and are not a credit decision.