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T.S.E-TECHNICAL SERVICES ENGINEERING

Active Private limited companyfounded 2022active for 4 yearsBrakelsesteenweg 534 A, 9400 NinoveKBO/BCE: BE 0792.851.274

Overview

Lifetime

3 annual accounts with figures on one time axis
peak €132,168 (2025)
€132,168▲ 28.0%
lowest -€25,236 (2024)
€1,214▲ €26,450
peak €12,884 (2023)
-€11,138▲ €1,214
€37,858▼ 32.5%
Board1 name since 2022
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €103,246 to €132,168Back to profit: €1,214Registered office moved from Aalst to Ninove 17-01Debts from €56,121 to €37,858Cash from €4,204 to €92

Key points

from the 2025 annual accounts

Equity

-€11,138
202320242025

Debts exceed assets in financial year 2025.

Turnover

≈ €330,000 estimated

The micro format states no turnover.

Debts

€37,858 142% of the balance sheet
Suppliers 11%Taxes and wages 53%Other 36%

Staff

4 employees on 31-12-2025
632023322024322025

In 2025, 3 people joined and 2 left.

Filings

3 annual accounts 3 late
AprilJune31 JulyOctober202320242025

The 2023 accounts came latest: 29 days after the end of the period.

Position in the sector

-41.7%

Lower solvency than 95% of companies in civil engineering. Sector median 45.0% · 1,263 companies.

Checked score

49
Fair
Financially stronger than 23% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.3% 01-2025: 2.3%● unchanged vs 12-2024lowest value 02-2025: 3.3%▲ +1.0 percentage point vs 01-2025 03-2025: 3.4%▲ +0.1 percentage points vs 02-2025 04-2025: 4.1%▲ +0.7 percentage points vs 03-2025 05-2025: 4.6%▲ +0.5 percentage points vs 04-2025 06-2025: 4.5%▼ -0.1 percentage points vs 05-2025 07-2025: 4.3%▼ -0.2 percentage points vs 06-2025 08-2025: 4.9%▲ +0.6 percentage points vs 07-2025 09-2025: 4.7%▼ -0.2 percentage points vs 08-2025 10-2025: 4.7%● unchanged vs 09-2025 11-2025: 4.7%● unchanged vs 10-2025 12-2025: 4.7%● unchanged vs 11-2025 01-2026: 4.7%● unchanged vs 12-2025 02-2026: 4.7%● unchanged vs 01-2026 03-2026: 4.6%▼ -0.1 percentage points vs 02-2026 04-2026: 5.4%▲ +0.8 percentage points vs 03-2026 05-2026: 5.8%▲ +0.4 percentage points vs 04-2026 06-2026: 5.8%● unchanged vs 05-2026 07-2026: 5.3%▼ -0.5 percentage points vs 06-2026 08-2026: 6.3%▲ +1.0 percentage point vs 07-2026highest value 09-2026: 3.3%▼ -3.0 percentage points vs 08-2026 10-2026: 3.1%▼ -0.2 percentage points vs 09-2026 11-2026: 3.1%● unchanged vs 10-2026

Financial strength
Weak

0=equity -41.7% of total assets
0-12short-term debt 141.7% · cash 0.3%
62+62return on assets 4.5%

Score breakdown

raises risk
Founded in 2022
Liquidity: current ratio 0.59, cash €92, halved
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 29-08-2026)
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 42, micro). It does better than 3% of them on solvency, 2% on liquidity, 31% on profitability and 55% on growth.

The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.

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, 516 companies had the same profile as T.S.E-TECHNICAL SERVICES ENGINEERING has now. Each dot stands for 2 companies, two years later.

91.9%
were still trading
2.5%
stopped another way
4.5%
went bankrupt
  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit under 5% of the balance sheet

Another 1.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of T.S.E-TECHNICAL SERVICES ENGINEERING itself: 3.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 516 companies, not a prediction for T.S.E-TECHNICAL SERVICES ENGINEERING. 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

No credit on open account

Liquidity is insufficient, with a current ratio of 0.59 (0.62 in 2024), below 1. Short-term debt is 141.7% and cash 0.3% of total assets. Equity is negative.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Figures for financial year 2025 (filed on 29-08-2026)
NBB · annual accounts
raises risk · Founded in 2022
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.59, cash €92, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1263 sector peers (2025).
NBB · sector comparison
Position among 1263 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · 2025 accounts filed 27 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2025
27 days late
2024
24 days late
2023
29 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 27 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2022.
KBO publications

Board and ownership

  • AMCHAÏCH-MAZOUZ Yassin 100 sharesdeed of 27-10-2022
Board & ownership

Recent changes

Registered office moved from Aalst to Ninove New registered office: Brakelsesteenweg 534 A in 9400 Ninove · Previous registered office: Moorselbaan 445 in 9300 Aalst · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0792851274
Incorporation Founding capital of €1,000, 100 shares · Founder: AMCHAÏCH-MAZOUZ Yassin · Appointment: AMCHAÏCH-MAZOUZ Yassin (director) · published on 27-10-2022 · Gazette deed
First establishment Brakelsesteenweg 534A, Ninove
All 9 events

Comparable companies

same main activity, similar in size and age
Company
T.S.E-TECHNICAL SERVICES ENGINEERING Ninove €26,719 €132,168 -41.7% -
BAMO SERVICE Beveren-Kruibeke-Zwijndrecht €24,146 €94,133 19.8% -
MMA Tech Antwerp €47,512 €110,785 92.7% -
ZMY-Construct Zele €48,944 €93,580 23.5% -
MDS Tech Ghent €44,355 €105,483 51.8% -
AIG-TECH Lokeren €53,002 €92,582 10.6% -
Télé-fiber Charleroi €45,906 €94,779 27.1% -

These companies have the same main activity as T.S.E-TECHNICAL SERVICES ENGINEERING: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €24,100 and €53,000, founded between 2022 and 2024.

Official details

Source: KBO
Status
Active since 25-10-2022Normal situation
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220and 1 other
Establishment unit
2.337.576.7699400 Ninove, since 25-10-2022
Financial year end
31 December
Peppol
Reachable since 17-01-2025
Company details

Annual accounts 2025

€132,168▲ 28.0%
€1,214
-€11,138▲ 9.8%
€26,719▼ 39.0%
Employeeson 31-12-2025
4▼ 20.0%
Filing
Filed on 27-08-2026
Financials

Insights on T.S.E-TECHNICAL SERVICES ENGINEERING

T.S.E-TECHNICAL SERVICES ENGINEERING files the micro format. That format states no turnover. The gross margin rose from €62,659 in 2023 to €132,168 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-08-2026, 27 days late
€132,168
▲ 28.0%
€2,844
▲ €26,439
€1,214
▲ €26,450
-€15,372
▲ €5,791
-41.7%
▼ 13.5 percentage points
0.59
▼ 0.03

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €330,000. Estimated: probably between €220,000 and €510,000.

Balance sheet

balance sheet total €26,719 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-41.7%

Lower than 95% of 1,263 companies in 2025.

0.59

Higher than 9% of 1,222 companies in 2025.

4.5%

Higher than 38% of 1,227 companies in 2025.

T.S.E-TECHNICAL SERVICES ENGINEERING Middle half of the sector 80% of the sector Micro accounts in civil engineering (NACE 42)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Staff

€37,216

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 3 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 26,71943,76832,632
21/28 4,2338,81010,102
22/27 4,2338,81010,102
24 4,2338,81010,102
29/58 22,48634,95822,530
40/41 22,07029,41519,419
40 22,07029,41518,767
41 -0652
54/58 924,204203
490/1 3241,3392,909
Balance sheet: equity and liabilities
10/49 26,71943,76832,632
10/15 -11,138-12,35212,884
10/11 1,0001,0001,000
13 11,88411,88411,884
133 11,88411,88411,884
14 -24,022-25,2360
17/49 37,85856,12119,748
42/48 37,85856,12119,748
44 4,2826,3408,172
440/4 4,2826,3408,172
45 20,04939,09311,160
450/3 5,63917,0894,410
454/9 14,41022,0046,750
47/48 13,52710,687416
Income statement
9900 132,168103,24662,659
60/61 77,70895,38446,051
62 122,814121,72842,699
630 4,5773,4921,353
640/8 1,9331,620936
9901 2,844-23,59417,670
75/76B 3691
75 3691
65/66B 1,6661,6511,377
65 1,6661,6511,377
9903 1,214-25,23616,294
67/77 --4,410
9904 1,214-25,23611,884
9905 1,214-25,23611,884
Appropriation of the result
9906 -24,022-25,23611,884
14P -25,236--
691/2 --11,884
6921 --11,884
Social balance sheet
9087 3.34.32.3
Hours worked1013 4,598--
Document PDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00448732.

Financial year Type Filed Reference Document
31-12-2025 micro format 27-08-2026 2026-00448732 PDF
31-12-2024 micro format 24-08-2025 2025-00399989 PDF
31-12-2023 micro format 29-08-2024 2024-00412131 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
7,421-20,10319,024
5,791-21,74513,237
02,20011,455
-4,1124,001-
-15,372-21,1622,782
-41.7%-28.2%39.5%
0.590.621.14
--1.53
--92.2%
4.5%-57.7%36.4%
4.45-12.1713.81
20 days24 days65 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-2023
Employees at the balance-sheet date454
full-time454
in full-time equivalents454
3.3--
On a permanent contract254
Joined336
Left223

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item202520242023
Tangible fixed assets-€2,200€11,455
€4,577€3,492€1,353

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Insights on T.S.E-TECHNICAL SERVICES ENGINEERING

The operating result for 2025 is a profit of €2,844, after a loss of €23,594 in 2024.

Equity is negative. Debt (€37,858) exceeds the balance-sheet total (€26,719).

Board & ownership

Board

1 director, since incorporation
Director
appointed by deed of 27-10-2022 term without a fixed end
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 27-10-2022

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Board
Mandates as a list
  • AMCHAÏCH-MAZOUZ Yassin
    • Director, appointed by deed of 27-10-2022, still in office

See the board, name and registered office on a given date →

Control

This company
T.S.E-TECHNICAL SERVICES ENGINEERING
Equity -€11,138
Profit €1,214 in 2025

Capital

Contribution
€1,000
Shares
100
Contribution per share
€10
Equity per share
-€111 in 2025
Source
deed of 27-10-2022

Articles of association

deed of 27-10-2022 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 17:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor

Shareholders

At incorporation deed of 27-10-2022 ↗

Network & group

No group

T.S.E-TECHNICAL SERVICES ENGINEERING has no parent and no holdings in its annual accounts. AMCHAÏCH-MAZOUZ Yassin is the only director. T.S.E-TECHNICAL SERVICES ENGINEERING shares no director with another company.

Timeline

Timeline

9 events since 2022

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 27 days late
2025
Back to profit net €1,214 The net result is €1,214, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 24 days late
Registered office moved from Aalst to NinoveNew registered office: Brakelsesteenweg 534 A in 9400 Ninove · Previous registered office: Moorselbaan 445 in 9300 Aalst1 point ▸
  • Registered-office move, Brakelsesteenweg 534 A in 9400 Ninove
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0792851274
2024
Weakest financial year net -€25,236 The net result drops to -€25,236, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 29 days late
2022
IncorporationFounding capital of €1,000, 100 shares · Founder: AMCHAÏCH-MAZOUZ Yassin · Appointment: AMCHAÏCH-MAZOUZ Yassin (director) · published on 27-10-20223 points ▸

Open the deed in the Belgian Official Gazette

First establishment Brakelsesteenweg 534A, Ninove

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

T.S.E-TECHNICAL SERVICES ENGINEERING was incorporated on 25 October 2022 as a private limited company by one natural person, with a starting capital of €1,000.12 The registered office was moved to Ninove in 2025.3 AMCHAÏCH-MAZOUZ Yassin is director of the company, appointed by deed of 27-10-2022.2 Total assets fell from €32,632 in 2023 to €26,719 in 2025 and headcount from 2.3 to 3.3 full-time equivalents.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 27-10-2022
  3. 3Belgian Official Gazette, 17-01-2025
  4. 4National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0792.851.274
VAT number
BE 0792.851.274
Peppol ID
0208:0792851274
Legal form
Private limited company
Status
Active, normal situation
Founded
25-10-2022
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 17:00
deed of 27-10-2022 (in Dutch)
Peppol
Reachable since 17-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
T.S.E-TECHNICAL SERVICES ENGINEERING in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Moorselbaan 445, 9300 Aalst”
deed of 27-10-2022 (in Dutch)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
42220 Construction of utility projects for electricity and telecommunications main activity
Social security (RSZ) activities
43211 Specialised construction activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle werkzaamheden van algemene aannemers,met inbegrip van ruwbouw,elektriciteit,sanitair,ventilatie,afwerking,grote installaties en…”
10 activities
  1. Alle werkzaamheden van algemene aannemers,met inbegrip van ruwbouw,elektriciteit,sanitair,ventilatie,afwerking,grote installaties en reparaties van gebouwen,renovatie van bouwterreinen,aanleg van elektriciteits- en telecommunicatienetwerken
  2. Mechanica en elektromechanica,elektrotechnische installatiewerkzaamheden in gebouwen,lassen,koeling en airconditioning
  3. Alle installatie-,reparatie- en onderhoudswerkzaamheden aan een verwarmingssysteem(met inbegrip van gas,olie of elektriciteit),individueel of centraal,sanitair en loodgieterij,airconditioning,ventilatie,luchtbehandeling en leidingen,met inbegrip van aanvullende behandeling van leidingen,elektrische aansluiting van huishoudelijke apparaten en apparatuur voor de productie van warm water,schoorsteenvegen,ontstoppen,thermische en akoestische isolatiewerkzaamheden
  4. Het schoonmaken,verfraaien,onderhouden en ontsmetten van alle lokalen,ruimten en gebouwen van welke aard ook,zowel industriële,commerciële,openbare als particuliere,alsmede het schoonmaken van gevels en ramen,glas en alle binnen- en buitenversieringen
  5. De exploitatie van vervoersdiensten in de ruimste zin,en met name de bezorging,het vervoer en de routering van alle post,documenten,pakjes en goederen,de exploitatie van personenvervoersdiensten,alle meubelverhuisbedrijven,alle autoverhuurbedrijven,met of zonder chauffeurs
  6. Handel in al zijn vormen,en met name de verkoop,aankoop en verhuur van alle producten of materialen die nodig of nuttig zijn voor de uitvoering van bovengenoemde werkzaamheden of daarmee verband houden
  7. Elke activiteit op het gebied van IT-advies en consultancy en met name elke bijdrage aan de oprichting en ontwikkeling van ondernemingen,het verlenen van advies,bijstand en het rechtstreeks of onrechtstreeks verrichten van diensten op het gebied van verkoop,productie,commerciële organisatie en distributietechnieken,en meer in het algemeen het beheer in het algemeen en het verrichten van alle dienstverlenende en managementactiviteiten in de ruimste zin van deze termen ten behoeve van alle natuurlijke of rechtspersonen op elk gebied dat onder haar voorwerp valt
  8. E-handel en de ontwikkeling en marketing van software,databanken,websites,reclameplatforms,marketingconcepten,onlinediensten(met name het opzetten,uitvoeren en ontwikkelen van netwerken),adviesdiensten en,in het algemeen,alle activiteiten op deze gebieden en “community manager” activiteiten
  9. De organisatie,ontwikkeling en uitvoering van conferenties,seminars en opleidingen
  10. Juridische en economische activiteiten in overeenstemming met de beroepsethiek
deed of 27-10-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Brakelsesteenweg 534A registered office 9400 Ninove 4222002 Construction of utility projects for electricity and telecommunications 25-10-2022 2.337.576.769
1 former office
  • Moorselbaan 445 in, 9300 Aalst until 11-12-2024 · deed of 17-01-2025

Buildings and parcels at the addresses

Ground area
674 m²
Buildings
272 m²
Volume, LiDAR
1,678 m³
Tallest building
10.8 m
Buildings to scale, each on its own parcel
178 m², 10.8 m 94 m², 10.0 m 178 m², 10.8 m 94 m², 10.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
41073B0018/00Z000365 m² 1 · 178 m² 10.8 m · 2
41073B0018/00A002309 m² 1 · 94 m² 10.0 m · 2

Contact

E-mail info@tsengineering.be
Phone +32 483 60 10 59

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0792.851.274