T.S.E-TECHNICAL SERVICES ENGINEERING
ActiveThe computed 12-month bankruptcy probability of T.S.E-TECHNICAL SERVICES ENGINEERING is 2.4% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €1k. Equity is shrinking by ~97.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 980 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
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+62
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.62 in 2024; short-term debt: 141.7% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-41.7%
Return on assets
4.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 980 sector peers (2025).
NBB · sector comparisonPosition among 980 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 3 filingsDeviation from the deadline
2025
27 d late
2024
24 d late
2023
29 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-11k▲ 9.8%
2024 · €-12k
2023: €13k
2024: €-12k
2023 → 2025
Total assets
€27k▼ 39.0%
2024 · €44k
2023: €33k
2024: €44k
2023 → 2025
Net result
€1k
2024 · €-25k
2023: €12k
2024: €-25k
2023 → 2025
Working capital
€-15k▲ 27.4%
2024 · €-21k
2023: €3k
2024: €-21k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€13k-€-12k€-11k▲ 9.8%
Operating result€18k-€-24k€3k
Net result€12k-€-25k€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €24k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€4k▼ 51.9%
Current assets
€22k▼ 35.7%
Key figures and ratios
EBITDA
€7k▲
2024 · €-20k
Cash flow
€6k▲
2024 · €-22k
Solvency
-41.7%▼
2024 · -28.2%
Current ratio
0.59▼
2024 · 0.62
Quick ratio
0.59▼
2024 · 0.62
Debt / equity
-3.40▲
2024 · -4.54
ROA
4.5%▲
2024 · -57.7%
Interest coverage
4.45▲
2024 · -12.17
Debt
€38k▼
2024 · €56k
Debt ≤ 1 year
€38k▼
2024 · €56k
Staff costs
€123k▲
2024 · €122k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€44k€27k▼
Fixed assets21/28€9k€4k▼
Tangible fixed assets22/27€9k€4k▼
Furniture and vehicles24€9k€4k▼
Current assets29/58€35k€22k▼
Amounts receivable within one year40/41€29k€22k▼
Trade receivables40€29k€22k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€4k€92▼
Deferred charges and accrued income490/1€1k€324▼
Equity and liabilities
Total equity and liabilities10/49€44k€27k▼
Equity10/15€-12k€-11k▲
Contributions10/11€1k€1k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-25k€-24k▲
Amounts payable17/49€56k€38k▼
Amounts payable within one year42/48€56k€38k▼
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€39k€20k▼
Taxes450/3€17k€6k▼
Remuneration and social security454/9€22k€14k▼
Other amounts payable47/48€11k€14k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€95k€78k▼
Remuneration, social security and pensions62€122k€123k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€103k€132k▲
Operating profit (loss)9901€-24k€3k▲
Financial income75/76B€9€36▲
Recurring financial income75€9€36▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-25k€1k▲
Profit (loss) for the period9904€-25k€1k▲
Profit (loss) for the period to be appropriated9905€-25k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-24k▲
Profit (loss) brought forward from the previous period14P-€-25k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet €-25k ▼312%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 1 establishment unit since 2022
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.
Brakelsesteenweg 534 A9400 NinoveGround area
674 m²
Building footprint
272 m²
Volume, LiDAR
1,678 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
T.S.E-TECHNICAL SERVICES ENGINEERING
since 20222.337.576.769
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41073B0018/00Z000 | Flanders | 365 m² | 1 · 178 m² | 10.8 m · 2 fl. |
| 41073B0018/00A002 | Flanders | 309 m² | 1 · 94 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Cea Worx
BE 1010.927.664
Ham · Eq €13k
HERMES TELECOM
BE 0843.299.291
Antwerpen · Eq €13k
YK ELEKTRO
BE 0794.327.852
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L.M. SANISERVICES
BE 0881.401.188
Zaventem · Eq €13k
Of 1,825 companies in sector 42220 we hold annual accounts for 958. 553 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2022
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@tsengineering.be
Phone:0483601059