T & I
ActiveSummary
T & I has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €908,168 and a net result of -€61,116. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▲+2
Solvency66▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 2.78 in 2024; short-term debt: 22.6% and cash: 14.1% of total assets), but 59.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
40.8%
Return on assets
-2.7%
Age of the figures
11 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€61,116
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 29-05-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
10 d early
2023
8 d early
2022
42 d early
2021
64 d early
2020
32 d early
2019
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today. Usually files around 21 May (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 employer in Ichtegem, Wholesale and retail trade sector
Equity
€908,168▼ 6.3%
2024 · €969,284
Total assets
€2.2m▲ 6.8%
2024 · €2.1m
Net result
-€61,116▼ 98.1%
2024 · -€30,859
Working capital
€252,891▼ 67.0%
2024 · €766,578
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€100,706▲ 66.8%€78,693▼ 21.9%€1.2m▲ 1,375%-€56,691-€65,217▼ 15.0%
Net result€78,701within the sector's middle half▲ 43.2%€59,309within the sector's middle half▼ 24.6%€866,341above the sector's middle half▲ 1,361%-€30,859below the sector's middle half-€61,116below the sector's middle half▼ 98.1%
Equity€207,492within the sector's middle half▼ 2.9%€191,802within the sector's middle half▼ 7.6%€1.0mabove the sector's middle half▲ 421%€969,284above the sector's middle half▼ 3.1%€908,168above the sector's middle half▼ 6.3%
Total assets€693,818within the sector's middle half▲ 10.8%€663,378within the sector's middle half▼ 4.4%€2.0mabove the sector's middle half▲ 195%€2.1mabove the sector's middle half▲ 6.6%€2.2mabove the sector's middle half▲ 6.8%
Debt€486,326▲ 18.0%€471,576▼ 3.0%€666,723▲ 41.4%€832,079▲ 24.8%€1.0m▲ 25.7%
Working capital€23,697within the sector's middle half▼ 54.0%-€24,391below the sector's middle half€1.1mabove the sector's middle half€766,578above the sector's middle half▼ 28.0%€252,891within the sector's middle half▼ 67.0%
Solvency29.9%within the sector's middle half▼ 4.2pp28.9%within the sector's middle half▼ 1.0pp51.1%within the sector's middle half▲ 22.2pp46.5%within the sector's middle half▼ 4.7pp40.8%within the sector's middle half▼ 5.7pp
Current ratio1.06below the sector's middle half▼ 0.120.94below the sector's middle half▼ 0.133.57above the sector's middle half▲ 2.632.78within the sector's middle half▼ 0.791.50within the sector's middle half▼ 1.28
Return on assets (ROA)11.3%within the sector's middle half▲ 2.6pp8.9%within the sector's middle half▼ 2.4pp44.3%above the sector's middle half▲ 35.4pp-1.5%below the sector's middle half▼ 45.8pp-2.7%below the sector's middle half▼ 1.3pp
Staff (FTE)13.6above the sector's middle half▲ 67.9%14.2above the sector's middle half▲ 4.4%9.5above the sector's middle half▼ 33.1%10.5above the sector's middle half▲ 10.5%11.2above the sector's middle half▲ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65,217 in 2025 against €56,691 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.5m ▲ 65.8%
Current assets
€755,178 ▼ 36.9%
Equity and liabilities €2.2m
Equity
€908,168 ▼ 6.3%
Provisions
€272,644 ▼ 3.8%
Debt
€1.0m ▲ 25.7%
Debt's share of the balance-sheet total rises from 39.9% to 47.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,049▲
2024 · €6,744
Cash flow
€31,150▼
2024 · €32,576
Quick ratio
1.28▼
2024 · 2.54
Debt to equity
1.15▲
2024 · 0.86
ROE
-6.7%▼
2024 · -3.2%
Interest coverage
0.69▲
2024 · 0.27
Debt ≤ 1 year
€502,288▲
2024 · €430,452
Debt > 1 year
€539,518▲
2024 · €400,288
Income taxes
€720▼
2024 · €722
Staff costs
€350,890▲
2024 · €333,850
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,611 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €279,705 | €319,068 | €333,850 | €350,890 | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,871 | €47,214 | €73,502 | €63,434 | €92,266 | ▲ 45.5% |
| Other operating charges640/8 | - | €6,187 | €17,738 | €7,782 | €13,478 | ▲ 73.2% |
| Gross operating margin9900 | €407,200 | €411,800 | €1.6m | €348,376 | €391,417 | ▲ 12.4% |
| Operating profit (loss)9901 | €100,706 | €78,693 | €1.2m | -€56,691 | -€65,217 | ▼ 15.0% |
| Financial income75/76B | - | €4,851 | €7,339 | €46,283 | €33,315 | ▼ 28.0% |
| Recurring financial income75 | €4,610 | €4,851 | €7,339 | €46,283 | €33,315 | ▼ 28.0% |
| Financial charges65/66B | - | €3,962 | €8,290 | €24,863 | €39,245 | ▲ 57.8% |
| Recurring financial charges65 | €2,713 | €3,962 | €8,290 | €24,863 | €39,245 | ▲ 57.8% |
| Profit (loss) for the period before taxes9903 | €102,603 | €79,582 | €1.2m | -€35,270 | -€71,148 | ▼ 102% |
| Transfer from deferred taxes780 | - | - | €642 | €5,133 | €10,752 | ▲ 109% |
| Transfer to deferred taxes680 | - | - | €289,171 | - | - | - |
| Income taxes67/77 | €23,902 | €20,273 | €5,169 | €722 | €720 | ▼ 0.2% |
| Profit (loss) for the period9904 | €78,701 | €59,309 | €866,341 | -€30,859 | -€61,116 | ▼ 98.1% |
| Transfer from tax-exempt reserves789 | - | - | €1,925 | €15,399 | €32,255 | ▲ 109% |
| Transfer to tax-exempt reserves689 | - | - | €867,512 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €78,701 | €59,309 | €754 | -€15,460 | -€28,862 | ▼ 86.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €693,818 | €663,378 | €2.0m | €2.1m | €2.2m | ▲ 6.8% |
| Fixed assets21/28 | €297,688 | €304,170 | €475,499 | €887,729 | €1.5m | ▲ 65.8% |
| Tangible fixed assets22/27 | €297,403 | €303,885 | €475,214 | €887,444 | €1.5m | ▲ 65.8% |
| Land and buildings22 | - | €143,167 | €362,625 | €799,073 | €1.4m | ▲ 73.7% |
| Plant, machinery and equipment23 | - | €119,734 | €98,004 | €77,762 | €55,526 | ▼ 28.6% |
| Furniture and vehicles24 | - | €40,984 | €14,585 | €10,608 | €27,611 | ▲ 160% |
| Financial fixed assets28 | €285 | €285 | €285 | €285 | €285 | = |
| Current assets29/58 | €396,130 | €359,208 | €1.5m | €1.2m | €755,178 | ▼ 36.9% |
| Stocks and contracts in progress3 | €75,295 | €90,269 | €104,683 | €104,076 | €112,837 | ▲ 8.4% |
| Stocks30/36 | - | €90,269 | €104,683 | €104,076 | €112,837 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €240,500 | €151,691 | €306,696 | €345,383 | €313,688 | ▼ 9.2% |
| Trade receivables40 | - | €1,472 | €15,737 | €50,877 | €11,416 | ▼ 77.6% |
| Other amounts receivable41 | - | €150,219 | €290,959 | €294,506 | €302,273 | ▲ 2.6% |
| Current investments50/53 | - | - | €1.0m | €650,000 | - | - |
| Cash at bank and in hand54/58 | €76,964 | €113,877 | €61,559 | €89,305 | €314,491 | ▲ 252% |
| Deferred charges and accrued income490/1 | - | €3,370 | €6,958 | €8,266 | €14,162 | ▲ 71.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €693,818 | €663,378 | €2.0m | €2.1m | €2.2m | ▲ 6.8% |
| Equity10/15 | €207,492 | €191,802 | €1.0m | €969,284 | €908,168 | ▼ 6.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €145,492 | €129,802 | €938,143 | €907,284 | €846,168 | ▼ 6.7% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €585 | €866,172 | €850,773 | €818,518 | ▼ 3.8% |
| Distributable reserves133 | - | €123,017 | €65,772 | €50,312 | €21,450 | ▼ 57.4% |
| Provisions and deferred taxes16 | - | - | €288,529 | €283,396 | €272,644 | ▼ 3.8% |
| Deferred taxes168 | - | - | €288,529 | €283,396 | €272,644 | ▼ 3.8% |
| Amounts payable17/49 | €486,326 | €471,576 | €666,723 | €832,079 | €1.0m | ▲ 25.7% |
| Amounts payable after more than one year17 | €113,893 | €87,977 | €251,472 | €400,288 | €539,518 | ▲ 34.8% |
| Financial debts170/4 | - | €87,977 | €251,472 | €400,288 | €539,518 | ▲ 34.8% |
| Amounts payable within one year42/48 | €372,433 | €383,599 | €414,525 | €430,452 | €502,288 | ▲ 16.7% |
| Current portion of amounts payable after more than one year42 | - | €39,160 | €61,474 | €84,893 | €90,168 | ▲ 6.2% |
| Financial debts43 | - | €9,110 | €8,830 | - | - | - |
| Credit institutions430/8 | - | €9,110 | €8,830 | - | - | - |
| Trade debts44 | €191,802 | €216,872 | €213,546 | €251,716 | €255,530 | ▲ 1.5% |
| Suppliers440/4 | - | €216,872 | €213,546 | €251,716 | €255,530 | ▲ 1.5% |
| Taxes, remuneration and social security45 | - | €43,077 | €52,483 | €61,830 | €53,562 | ▼ 13.4% |
| Taxes450/3 | - | €5,273 | €7,931 | €12,900 | €2,408 | ▼ 81.3% |
| Remuneration and social security454/9 | - | €37,804 | €44,553 | €48,930 | €51,154 | ▲ 4.5% |
| Other amounts payable47/48 | - | €75,379 | €78,192 | €32,013 | €103,028 | ▲ 222% |
| Accrued charges and deferred income492/3 | - | - | €727 | €1,339 | €4,000 | ▲ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,701 | €59,309 | €866,341 | -€30,859 | -€61,116 | ▼ 98.1% |
| + Depreciation and write-downs630 | €39,871 | €47,214 | €73,502 | €63,434 | €92,266 | ▲ 45.5% |
| Operating cash flow (approximation) | €118,572 | €106,524 | €939,844 | €32,576 | €31,150 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | -€53,696 | -€244,831 | -€475,664 | -€675,977 | ▼ 42.1% |
| Change in cash | - | €36,914 | -€52,318 | €27,746 | €225,186 | ▲ 712% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-10
Financial
Weakest financial yearnet -€61,116
Net result drops to -€61,116, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-10
Financial
Highest result since 2018net €866,341 ▲1,361%
Operating result €1.2m, net result €866,341, both a record.
31-10
Financial
Liquidity quadruplescurrent ratio 3.57
Current ratio from 0.94 to 3.57.
31-10
Financial
Equity above €1mEq €1.0m ▲421%
4 profitable years in a row build equity to €1.0m.
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-10
Financial
Back to profitnet €54,959
Net result €54,959 after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-05
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.
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, Ichtegem · 1 establishment unit since 1992
Ground area
1,058 m²
Building footprint
565 m²
Volume, LiDAR
3,979 m³
2 parcels, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NV T&I
since 19922.057.361.585
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003A0455/00W000 | Flanders | 608 m² | 1 · 107 m² | 3.0 m · 1 fl. |
| 31805E0406/00N000 | Flanders | 449 m² | 1 · 457 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.057.361.585
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 2,371 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-12-1991
Fiscal year end31-10
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445937209
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC-1-9-01866/28.04)