Equity
€273,104 ▲ 21.4%
T.G.S. GROUP has made a profit without a break since 2017.
T.G.S. GROUP
Lifetime
11 annual accounts with figures on one time axispeak €204,946 (2024)
€204,946▲ 26.9%
lowest -€2,949 (2016)
€54,150▲ 139%
peak €273,104 (2024)
€273,104▲ 21.4%
€1.9m▼ 2.6%
peak 0 FTE (2021)
-not published
Board1 name since 2024
1 directorSAYLAM Turan
Documentsfilings and deeds
18-03-2026230 days late
2024micro format
Gross margin from €161,485 to €204,946Result from €22,630 to €54,150Resignation: SAYLAM Turan (manager) 04-07Equity from €225,028 to €273,104Investments €93,391Cash from €23,902 to €215,501
Key points
from the 2024 annual accountsTurnover
≈ €1.2m estimated
The accounts state no turnover.
Debts
€1.9m 87% of the balance sheet
Suppliers 80%Taxes and wages 2%Other 18%
Investments
€35,481 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 274.0% higher than in 2023.
Filings
11 annual accounts 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€54,150
Higher net result than 90% of companies in retail trade. Sector median €4,565 · 25,533 companies.
Checked score
49
Fair
Financially stronger than 44% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.1%
01-2025: 1.2%▼ -3.9 percentage points vs 12-2024lowest value
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.3%▲ +0.1 percentage points vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +0.3 percentage points vs 07-2025
09-2025: 2.0%▲ +0.3 percentage points vs 08-2025
10-2025: 2.8%▲ +0.8 percentage points vs 09-2025
11-2025: 2.9%▲ +0.1 percentage points vs 10-2025
12-2025: 3.7%▲ +0.8 percentage points vs 11-2025
01-2026: 5.3%▲ +1.6 percentage points vs 12-2025
02-2026: 5.3%● unchanged vs 01-2026
03-2026: 5.4%▲ +0.1 percentage points vs 02-2026highest value
04-2026: 1.5%▼ -3.9 percentage points vs 03-2026
05-2026: 1.6%▲ +0.1 percentage points vs 04-2026
06-2026: 1.8%▲ +0.2 percentage points vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026
08-2026: 2.4%▲ +0.5 percentage points vs 07-2026
09-2026: 2.7%▲ +0.3 percentage points vs 08-2026
10-2026: 3.5%▲ +0.8 percentage points vs 09-2026
11-2026: 3.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 230 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 20-03-2026)
Equity €273,104 (12.6% of total assets)
lowers risk
Founded in 2013
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 26% of them on solvency, 12% on liquidity, 59% on profitability and 80% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as T.G.S. GROUP has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of T.G.S. GROUP itself is higher: 3.5% within 12 months. It rests on far more data about T.G.S. GROUP than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for T.G.S. GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.07 (1.08 in 2023), below the usual 1.5. Short-term debt is 87.4% and cash 9.9% of total assets. 87.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 230 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-03-2026, 230 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
230 days late
2023
148 days late
2022
203 days late
2021
200 days late
2020
220 days late
2019
139 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 190 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0537554697
Resignation: SAYLAM Turan (manager)
Reappointment: SAYLAM Turan (director) · Director discharge: SAYLAM Turan · General meeting of 12-06-2024 · Gazette deed
First establishment
Décohome, Schaarbeeklei 239, Vilvoorde
Incorporation
published on 29-08-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| T.G.S. GROUP Schaerbeek | €2.2m | €204,946 | 12.6% | - |
| KARMEN Lanaken | €1.5m | €283,521 | 25.0% | 2.9 |
| 1PopUpStore Mont-Saint-Guibert | €1.6m | €219,575 | -14.8% | 3.2 |
| ELEKTRO HAUBEN Bilzen-Hoeselt | €2.1m | €308,989 | 35.0% | 2 |
| Electro Hermans-Mullens Houthalen-Helchteren | €2.7m | €335,445 | 24.0% | 2 |
| Repair@Home Nijlen | €1.2m | €327,549 | 33.6% | 1 |
| KUM TECHNIC Marche-en-Famenne | €2.3m | €490,002 | 42.0% | 6 |
These companies have the same main activity as T.G.S. GROUP: retail sale of electrical household appliances (NACE 47540). They are comparable in size and age: total assets between €1.2m and €2.7m, founded between 2009 and 2016.
Official details
Source: KBO- Status
- Active since 20-08-2013Normal situation
- Activity
- Retail sale of electrical household appliancesNACE 47540and 5 others
- Establishment unit
- 2.275.198.9401800 Vilvoorde, since 01-05-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on T.G.S. GROUP
T.G.S. GROUP files the micro format. That format states no turnover. The gross margin rose from -€1,600 in 2014 to €204,946 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about T.G.S. GROUP
- What is the company number of T.G.S. GROUP?
- The company number of T.G.S. GROUP is 0537.554.697. The VAT number is the same number with BE in front: BE 0537.554.697.
- Where is T.G.S. GROUP based?
- The registered office is at Rogierlaan 158, 1030 Schaerbeek.Company details
- What does T.G.S. GROUP do?
- According to the KBO register, the main activity is retail sale of electrical household appliances (NACE 47540).
- What is the legal form of T.G.S. GROUP?
- T.G.S. GROUP is a private limited company (BV).
- When was T.G.S. GROUP founded?
- T.G.S. GROUP was founded on 20-08-2013.
- Is T.G.S. GROUP still active?
- Yes, T.G.S. GROUP is an active enterprise in the KBO register.
- What is the turnover of T.G.S. GROUP?
- The turnover in financial year 2024 is ≈ €1.2m. This figure is estimated from the gross margin of €204,946 and 34 comparable companies (NACE 475). It probably lies between €890,000 and €1.8m. In financial year 2021 turnover was €2.3m.Financials
- Is T.G.S. GROUP profitable?
- In financial year 2024, T.G.S. GROUP made a profit of €54,150.
- Where can I find the annual accounts of T.G.S. GROUP?
- T.G.S. GROUP filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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