T.L.S.
ActiveThe computed 12-month bankruptcy probability of T.L.S. is 1.6% (moderate). The 2024 annual accounts show equity of €488k and a net result of €57k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 88% of 18939 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+6
Solvency100▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.86 against 3.45 in 2023; short-term debt: 19.4% and cash: 5.6% of total assets), and 24.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2024Solvency, return and age of the figures
Solvency
75.1%
Return on assets
8.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
68 d late
2022
85 d late
2021
158 d late
2020
89 d late
2019
136 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€488k▲ 13.3%
2023 · €430k
2018: €202k
2019: €238k
2020: €282k
2021: €366k
2022: €404k
2023: €430k
2018 → 2024
Total assets
€649k▼ 2.3%
2023 · €664k
2018: €381k
2019: €426k
2020: €513k
2021: €562k
2022: €607k
2023: €664k
2018 → 2024
Net result
€57k▲ 116%
2023 · €27k
2018: €39k
2019: €36k
2020: €44k
2021: €85k
2022: €37k
2023: €27k
2018 → 2024
Working capital
€488k▲ 10.7%
2023 · €441k
2018: €209k
2019: €257k
2020: €321k
2021: €398k
2022: €429k
2023: €441k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€282k-€366k▲ 30.0%€404k▲ 10.2%€430k▲ 6.6%€488k▲ 13.3%
Operating result€61k-€113k▲ 87.3%€51k▼ 55.1%€34k▼ 32.7%€82k▲ 139%
Net result€44k-€85k▲ 92.3%€37k▼ 55.7%€27k▼ 29.1%€57k▲ 116%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 139% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €649k
Fixed assets
€35k▼ 18.5%
Current assets
€614k▼ 1.1%
Equity and liabilities €649k
Equity
€488k▲ 13.3%
Debt
€161k▼ 30.9%
The debt ratio falls from 35.2% to 24.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95k▲
2023 · €47k
Cash flow
€71k▲
2023 · €39k
Solvency
75.1%▲
2023 · 64.8%
Current ratio
4.86▲
2023 · 3.45
Quick ratio
4.85▲
2023 · 3.44
Debt / equity
0.33▼
2023 · 0.54
ROE
11.8%▲
2023 · 6.2%
ROA
8.8%▲
2023 · 4.0%
Interest coverage
13.43▲
2023 · 7.69
Debt
€161k▼
2023 · €234k
Debt ≤ 1 year
€126k▼
2023 · €180k
Debt > 1 year
€35k▼
2023 · €53k
Income taxes
€23k▲
2023 · €12k
Staff costs
€50k▼
2023 · €79k
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€664k€649k▼
Fixed assets21/28€43k€35k▼
Tangible fixed assets22/27€43k€35k▼
Land and buildings22€33k€24k▼
Plant, machinery and equipment23€520€8k▲
Furniture and vehicles24€10k€3k▼
Current assets29/58€621k€614k▼
Amounts receivable after more than one year29€380k€384k▲
Other amounts receivable291€380k€384k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€182k€171k▼
Trade receivables40€42k€11k▼
Other amounts receivable41€140k€160k▲
Cash at bank and in hand54/58€43k€37k▼
Deferred charges and accrued income490/1€14k€21k▲
Equity and liabilities
Total equity and liabilities10/49€664k€649k▼
Equity10/15€430k€488k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€391k€448k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€389k€446k▲
Profit (loss) carried forward14€21k€21k▲
Amounts payable17/49€234k€161k▼
Amounts payable after more than one year17€53k€35k▼
Financial debts170/4€53k€35k▼
Amounts payable within one year42/48€180k€126k▼
Current portion of amounts payable after more than one year42€46k€30k▼
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Advances received on contracts in progress46€44k€12k▼
Taxes, remuneration and social security45€59k€82k▲
Taxes450/3€46k€52k▲
Remuneration and social security454/9€13k€30k▲
Other amounts payable47/48€20k-
Accrued charges and deferred income492/3€133-
Income statement
Code20232024
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€79k€50k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€128k€151k▲
Operating profit (loss)9901€34k€82k▲
Financial income75/76B€10k€6k▼
Recurring financial income75€10k€6k▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€38k€80k▲
Income taxes67/77€12k€23k▲
Profit (loss) for the period9904€27k€57k▲
Profit (loss) for the period to be appropriated9905€27k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€78k▲
Profit (loss) brought forward from the previous period14P€20k€21k▲
Transfer to equity691/2€26k€57k▲
To other reserves6921€26k€57k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €27k ▼29.1%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 158 days late
2021
31-12
Financial
Highest result since 2018net €85k ▲92.3%
Operating result €113k, net result €85k, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 2015
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.
Groenplein 2A3500 HasseltGround area
74 m²
Building footprint
71 m²
Volume, LiDAR
74 m³
Parcel 71022H1217/00N000, Flanders · tallest building 8.8 m. Linked by address, not a title deed.
1 establishment unit
Groenplein 2A, 3500 Hasselt
since 20152.249.563.424
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1217/00N000 | Flanders | 74 m² | 1 · 71 m² | 8.8 m |
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
Food safety, FASFC
1 siteHasselt2.249.563.424
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Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 6,372 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2015
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.