T.C.S.
ActiveT.C.S. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.10M and a net result of €524k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 43% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▼-10
Solvency60▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.44 in 2023; short-term debt: 64.9% and cash: 43.3% of total assets), and 65% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
35%
Return on assets
16.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
26 d early
2022
32 d early
2021
34 d early
2020
40 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€524k▼ 54.3%
2023 · €1.15M
2018: €745k
2019: €343k
2020: €301k
2021: €608k
2022: €768k
2023: €1.15M
2018 → 2024
Working capital
€966k▼ 2.9%
2023 · €995k
2018: €2.59M
2019: €687k
2020: €767k
2021: €1.04M
2022: €1.01M
2023: €995k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€779k-€1.09M▲ 39.5%€1.09M▲ 0.3%€1.10M▲ 0.6%€1.10M▲ 0.4%
Operating result€417k-€839k▲ 101%€1.06M▲ 26.1%€1.56M▲ 47.7%€732k▼ 53.1%
Net result€301k-€608k▲ 102%€768k▲ 26.4%€1.15M▲ 49.3%€524k▼ 54.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.14M
Fixed assets
€135k▲ 32.2%
Current assets
€3.01M▼ 8.1%
Equity and liabilities €3.14M
Equity
€1.10M▲ 0.4%
Debt
€2.04M▼ 10.4%
The debt ratio falls from 67.5% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€745k▼
2023 · €1.57M
Cash flow
€537k▼
2023 · €1.16M
Solvency
35.0%▲
2023 · 32.5%
Current ratio
1.47▲
2023 · 1.44
Quick ratio
1.47▲
2023 · 1.44
Debt / equity
1.85▼
2023 · 2.08
ROE
47.6%▼
2023 · 104.6%
ROA
16.7%▼
2023 · 34.0%
Interest coverage
38.52▼
2023 · 117.54
Debt
€2.04M▼
2023 · €2.28M
Debt ≤ 1 year
€2.04M▼
2023 · €2.28M
Income taxes
€196k▼
2023 · €410k
Staff costs
€732k▲
2023 · €712k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.37M€3.14M▼
Fixed assets21/28€102k€135k▲
Tangible fixed assets22/27€29k€42k▲
Plant, machinery and equipment23€4k€12k▲
Furniture and vehicles24€15k€22k▲
Other tangible fixed assets26€9k€8k▼
Financial fixed assets28€73k€93k▲
Current assets29/58€3.27M€3.01M▼
Amounts receivable within one year40/41€1.01M€1.64M▲
Trade receivables40€811k€1.53M▲
Other amounts receivable41€196k€106k▼
Cash at bank and in hand54/58€2.25M€1.36M▼
Deferred charges and accrued income490/1€17k€11k▼
Equity and liabilities
Total equity and liabilities10/49€3.37M€3.14M▼
Equity10/15€1.10M€1.10M▲
Contributions10/11€419k€419k=
Reserves13€42k€42k=
Non-distributable reserves130/1€42k€42k=
Reserves not available under the articles1311€42k€42k=
Profit (loss) carried forward14€636k€640k▲
Amounts payable17/49€2.28M€2.04M▼
Amounts payable within one year42/48€2.28M€2.04M▼
Financial debts43€4k€4k▲
Credit institutions430/8€4k€4k▲
Trade debts44€757k€835k▲
Suppliers440/4€757k€835k▲
Advances received on contracts in progress46€99k€150k▲
Taxes, remuneration and social security45€272k€188k▼
Taxes450/3€222k€109k▼
Remuneration and social security454/9€51k€79k▲
Other amounts payable47/48€1.14M€862k▼
Accrued charges and deferred income492/3€383€152▼
Income statement
Code20232024
Non-recurring operating income76A-€32k
Remuneration, social security and pensions62€712k€732k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€90k€1k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€2.37M€1.48M▼
Operating profit (loss)9901€1.56M€732k▼
Financial income75/76B€7k€7k▼
Recurring financial income75€7k€7k▼
Financial charges65/66B€13k€19k▲
Recurring financial charges65€13k€19k▲
Profit (loss) for the period before taxes9903€1.56M€720k▼
Income taxes67/77€410k€196k▼
Profit (loss) for the period9904€1.15M€524k▼
Profit (loss) for the period to be appropriated9905€1.15M€524k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.78M€1.16M▼
Profit (loss) brought forward from the previous period14P€629k€636k▲
Profit to be distributed694/7€1.14M€520k▼
Return on contributions (dividend)694€1.14M€520k▼
Social balance
Average headcount (FTE)908715.214.8▼
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
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.15M ▲49.3%
Operating result €1.56M, net result €1.15M, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1MEq €1.09M ▲39.5%
4 profitable years in a row build equity to €1.09M.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €301k ▼12.4%
Net result drops to €301k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-06
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.
Directors · office · real estate
Directors
21 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, Saint-Nicolas · 1 establishment unit since 1999
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.
Rue des Martyrs 1154420 Saint-NicolasGround area
1.1 ha
Building footprint
595 m²
Volume, LiDAR
5,586 m³
Parcel 62102A0267/00E000, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Martyrs 115, 4420 Saint-Nicolas
since 19992.094.849.315
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62102A0267/00E000 | Wallonia | 1.1 ha | 1 · 595 m² | 13.1 m · 4 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesT.C.S. SRL35787
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 2,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-1999
Fiscal year end31-12
Abbreviation FR
TCS
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.