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T.I.C.

Active
Coöperatieve vennootschap met onbeperkte aansprakelijkheidfounded 198738 yrs activeBerlaarbaan 180, 2861 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0432.167.167
Summary

The computed 12-month bankruptcy probability of T.I.C. is 4.1% (elevated). The 2016 annual accounts show equity of €53,762 and a net result of €18,893. Equity is growing by ~53.9% per year across the filed fiscal years. The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Retail sale of bread and pastry (bakery outlets)
NACE 47241NACE 52240NACE 55302
2 sites
Size
€91,740total assets 2016
Staff
0.9 FTE
Equity
€53,762
Profit
€18,893
Turnover not published (abridged schema)
Financial health
Bankruptcy chance 12 m
4.1%
2016 figures too old to score
Structure
Accounts 2989 d overdue0 of 4 deeds read
Signals- Figures for FY 2016 (filed 27-06-2017)- 3 financial years not filed after the legal deadline+ Liquidity: current ratio 2.22, cash €33,666+ Founded in 1987No filing for yearsLatest accounts filed on timeShow the evidence

Checked score

No current score
Figures too old
The available figures for FY 2016 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2016 · tick = 2015
Strong
Solvency 84+13
equity 58.6% of total assets
Liquidity 82-1
short-term debt 31.7% · cash 36.7%
Profitability 89-8
return on assets 20.6%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,158 companies)
Last 24 months 11-2024: 4.1%highest value 12-2024: 4.1%● 0.0% vs 11-2024highest value 01-2025: 4.1%● 0.0% vs 12-2024highest value 02-2025: 4.1%● 0.0% vs 01-2025highest value 03-2025: 4.1%● 0.0% vs 02-2025highest value 04-2025: 4.1%● 0.0% vs 03-2025highest value 05-2025: 4.1%● 0.0% vs 04-2025highest value 06-2025: 4.1%● 0.0% vs 05-2025highest value 07-2025: 4.1%● 0.0% vs 06-2025highest value 08-2025: 4.1%● 0.0% vs 07-2025highest value 09-2025: 4.1%● 0.0% vs 08-2025highest value 10-2025: 4.1%● 0.0% vs 09-2025highest value 11-2025: 4.1%● 0.0% vs 10-2025highest value 12-2025: 4.1%● 0.0% vs 11-2025highest value 01-2026: 4.1%● 0.0% vs 12-2025highest value 02-2026: 4.1%● 0.0% vs 01-2026highest value 03-2026: 4.1%● 0.0% vs 02-2026highest value 04-2026: 4.1%● 0.0% vs 03-2026highest value 05-2026: 4.1%● 0.0% vs 04-2026highest value 06-2026: 4.1%● 0.0% vs 05-2026highest value 07-2026: 4.1%● 0.0% vs 06-2026highest value 08-2026: 4.1%● 0.0% vs 07-2026highest value 09-2026: 4.1%● 0.0% vs 08-2026highest value 10-2026: 4.1%● 0.0% vs 09-2026highest value
  • Figures for FY 2016 (filed 27-06-2017) raises the probability
  • 3 financial years not filed after the legal deadline raises the probability
  • Liquidity: current ratio 2.22, cash €33,666 lowers the probability
  • Founded in 1987 lowers the probability for this profile
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2016 (filed 27-06-2017)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 3 financial years not filed after the legal deadline
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Liquidity: current ratio 2.22, cash €33,666
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2017 close31-07-2018 deadline06-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 21-06-2017, 40 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2016 · micro…
  2. Annual accounts filedfiscal year 2015 · abbreviated…
  3. Highest result since 2013net €24,531 ▲250%

Key points

  • Risk: Accounts not fileddeadline was 31-07-2018 2989 d late View
  • Active since 1987founded 20-10-1987 38 years View
  • Total assets 20164 fiscal years filed €91,740 View

By topic

Financials

Fiscal year
2016
Total assets
€91,740
Profit
€18,893
Solvency
58.6%
Total assets▼ 10.5%
Net result
20132016
Go to Financials

Timeline

Events
12
Since
2007
  1. 21-06-2017Annual accounts filed
  2. 16-08-2016Annual accounts filed
  3. 31-12-2015Highest result since 2013
Go to Timeline

Company details

Sites
2
Legal form
Coöperatieve vennootschap met onbeperkte aansprakelijkheid
Activity
Retail sale of bread and pastry (bakery outlets)NACE 47241
Founded
20-10-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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