Summary
T-CAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €115,961 and a net result of €2,478. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 8102 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 4 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
27 d late
2022
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 24 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€115,961▲ 2.2%
2024 · €113,483
Net result
€2,478▼ 88.1%
2024 · €20,767
Total assets
€461,425▲ 198%
2024 · €154,597
Solvency
25.1%▼ 48.3pp
2024 · 73.4%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€48,261-€68,221▲ 41.4%€27,986▼ 59.0%-€9,376
Net result€38,452within the sector's middle half-€54,164within the sector's middle half▲ 40.9%€20,767within the sector's middle half▼ 61.7%€2,478below the sector's middle half▼ 88.1%
Equity€38,552below the sector's middle half-€92,716within the sector's middle half▲ 140%€113,483within the sector's middle half▲ 22.4%€115,961within the sector's middle half▲ 2.2%
Total assets€60,747below the sector's middle half-€133,245within the sector's middle half▲ 119%€154,597within the sector's middle half▲ 16.0%€461,425within the sector's middle half▲ 198%
Debt€22,195-€40,529▲ 82.6%€41,114▲ 1.4%€345,464▲ 740%
Working capital€40,152within the sector's middle half-€92,716within the sector's middle half▲ 131%€111,887within the sector's middle half▲ 20.7%€113,170within the sector's middle half▲ 1.1%
Solvency63.5%within the sector's middle half-69.6%within the sector's middle half▲ 6.1pp73.4%within the sector's middle half▲ 3.8pp25.1%within the sector's middle half▼ 48.3pp
Current ratio2.95within the sector's middle half-3.29within the sector's middle half▲ 0.343.72within the sector's middle half▲ 0.433.51within the sector's middle half▼ 0.21
Return on assets (ROA)63.3%above the sector's middle half-40.7%above the sector's middle half▼ 22.6pp13.4%within the sector's middle half▼ 27.2pp0.5%below the sector's middle half▼ 12.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9,376 after €27,986 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461,425
Fixed assets
€303,191 ▲ 18,903%
Current assets
€158,234 ▲ 3.4%
Equity and liabilities €461,425
Equity
€115,961 ▲ 2.2%
Debt
€345,464 ▲ 740%
Debt's share of the balance-sheet total rises from 26.6% to 74.9%. Equity and debt are higher.
Key figures and ratios
ROE
2.1%▼
2024 · 18.3%
Debt ≤ 1 year
€45,064▲
2024 · €41,114
Debt > 1 year
€300,000
Income taxes
€1,874▼
2024 · €7,818
Staff costs
€23,871▲
2024 · €22,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14,475 | €22,945 | €23,871 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €39,999 | - |
| Other operating charges640/8 | - | €301 | €226 | €738 | ▲ 226% |
| Gross operating margin9900 | €48,261 | €82,997 | €51,157 | €55,233 | ▲ 8.0% |
| Operating profit (loss)9901 | €48,261 | €68,221 | €27,986 | -€9,376 | ▼ 134% |
| Financial income75/76B | - | - | €842 | €15,299 | ▲ 1,718% |
| Recurring financial income75 | - | - | €842 | €15,299 | ▲ 1,718% |
| Financial charges65/66B | - | €20 | €243 | €1,572 | ▲ 548% |
| Recurring financial charges65 | - | €20 | €243 | €1,572 | ▲ 548% |
| Profit (loss) for the period before taxes9903 | €48,261 | €68,200 | €28,585 | €4,352 | ▼ 84.8% |
| Income taxes67/77 | €9,809 | €14,036 | €7,818 | €1,874 | ▼ 76.0% |
| Profit (loss) for the period9904 | €38,452 | €54,164 | €20,767 | €2,478 | ▼ 88.1% |
| Profit (loss) for the period to be appropriated9905 | €38,452 | €54,164 | €20,767 | €2,478 | ▼ 88.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €60,747 | €133,245 | €154,597 | €461,425 | ▲ 198% |
| Fixed assets21/28 | - | - | €1,595 | €303,191 | ▲ 18,903% |
| Tangible fixed assets22/27 | - | - | - | €300,000 | - |
| Land and buildings22 | - | - | - | €300,000 | - |
| Financial fixed assets28 | - | - | €1,595 | €3,191 | ▲ 100% |
| Current assets29/58 | €60,747 | €133,245 | €153,002 | €158,234 | ▲ 3.4% |
| Amounts receivable within one year40/41 | €12,100 | €43,560 | €51,040 | €109,890 | ▲ 115% |
| Trade receivables40 | €12,100 | €43,560 | €1,035 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €50,005 | €109,890 | ▲ 120% |
| Current investments50/53 | - | €38,415 | €65,991 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €48,647 | €50,871 | €35,481 | €37,449 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | - | €400 | €490 | €10,895 | ▲ 2,124% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €60,747 | €133,245 | €154,597 | €461,425 | ▲ 198% |
| Equity10/15 | €38,552 | €92,716 | €113,483 | €115,961 | ▲ 2.2% |
| Contributions10/11 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €38,452 | €92,616 | €113,383 | €115,861 | ▲ 2.2% |
| Amounts payable17/49 | €22,195 | €40,529 | €41,114 | €345,464 | ▲ 740% |
| Amounts payable after more than one year17 | - | - | - | €300,000 | - |
| Financial debts170/4 | - | - | - | €300,000 | - |
| Amounts payable within one year42/48 | €20,595 | €40,529 | €41,114 | €45,064 | ▲ 9.6% |
| Trade debts44 | €196 | €7,748 | €10,041 | €27,252 | ▲ 171% |
| Suppliers440/4 | €196 | €7,748 | €10,041 | €27,252 | ▲ 171% |
| Taxes, remuneration and social security45 | €20,399 | €32,781 | €31,073 | €17,812 | ▼ 42.7% |
| Taxes450/3 | €18,261 | €29,020 | €27,749 | €12,014 | ▼ 56.7% |
| Remuneration and social security454/9 | €2,138 | €3,762 | €3,324 | €5,798 | ▲ 74.4% |
| Accrued charges and deferred income492/3 | €1,600 | €0 | - | €400 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,452 | €54,164 | €20,767 | €2,478 | ▼ 88.1% |
| + Depreciation and write-downs630 | - | - | - | €39,999 | - |
| Operating cash flow (approximation) | €38,452 | €54,164 | €20,767 | €42,477 | ▲ 105% |
| Investment in fixed assets (approximation) | - | - | - | -€341,595 | - |
| Change in cash | - | €2,224 | -€15,390 | €1,968 | ▲ 113% |
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
14-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
14-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €2,478 ▼88.1%
Net result drops to €2,478, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €100,000Eq €113,483 ▲22.4%
3 profitable years in a row build equity to €113,483.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2022net €54,164 ▲40.9%
Operating result €68,221, net result €54,164, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tielt · 1 establishment unit since 2022
Ground area
5,739 m²
Building footprint
1,149 m²
Volume, LiDAR
7,732 m³
Parcel 37322D1325/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
T-CAS
since 20222.329.294.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322D1325/00G000 | Flanders | 5,739 m² | 1 · 1,149 m² | 8.3 m · 2 fl. |
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 24,721 companies in sector 64210 we hold annual accounts for 19,799. 12,671 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
Founded17-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
63920Other information service activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783528980
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.