T & S GROUP

Active

Private limited companyfounded 20233 yrs activeMolenweg 20, 2830 Willebroek, BelgiumKBO/BCE: BE 0799.621.775

The computed 12-month bankruptcy probability of T & S GROUP is 2.1% (moderate). The 2024 annual accounts show equity of €121k and a net result of €150k. Its solvency ranks better than 45% of 26056 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

89 / 100

Excellent▲ +84 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability87▲+54

Solvency44▲+1

Growth85

Stability94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity tight (current ratio 1.11 against 0.91 in 2023), and 73.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-08-2025, 9 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

9 d late

2023

216 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€1.20M▲ 1,493%

2023 · €75k

2023: €75k

2023 → 2024

EBIT margin

13.6%▲ 58.1pp

2023 · -44.5%

2023: -44.5%

2023 → 2024

Net result

€150k

2023 · €-35k

2023: €-35k

2023 → 2024

Working capital

€28k

2023 · €-10k

2023: €-10k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Turnover€75k-€1.20M▲ 1,493%

Equity€-29k-€121k

Operating result€-33k-€162k

Net result€-35k-€150k

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 2024: €162k after a loss of €33k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €451k

38.0%

62.0%

Fixed assets €171k▲ 0.1%

Current assets €280k▲ 156%

Equity and liabilities €451k

26.8%

73.2%

Equity €121k

Debt €331k

Debt finances 73.2% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€177k▲

2023 · €-31k

Cash flow

€165k▲

2023 · €-33k

Solvency

26.8%▲

2023 · -10.4%

Current ratio

1.11▲

2023 · 0.91

Quick ratio

0.94▲

2023 · 0.84

Debt / equity

2.74▲

2023 · -10.59

ROE

124.2%▲

2023 · 120.5%

ROA

33.2%▲

2023 · -12.6%

Interest coverage

14.67▲

2023 · -16.91

Debt

€331k▲

2023 · €310k

Debt ≤ 1 year

€251k▲

2023 · €120k

Debt > 1 year

€53k=

2023 · €53k

Staff costs

€412k▲

2023 · €18k

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€281k€451k▲

Fixed assets21/28€171k€171k▲

Tangible fixed assets22/27€118k€119k▲

Plant, machinery and equipment23€93k€91k▼

Furniture and vehicles24€25k€28k▲

Financial fixed assets28€53k€53k=

Current assets29/58€110k€280k▲

Stocks and contracts in progress3€9k€44k▲

Stocks30/36€9k€44k▲

Amounts receivable within one year40/41€41k€112k▲

Trade receivables40€41k€105k▲

Other amounts receivable41-€7k

Cash at bank and in hand54/58€60k€123k▲

Deferred charges and accrued income490/1-€951

Equity and liabilities

Total equity and liabilities10/49€281k€451k▲

Equity10/15€-29k€121k▲

Contributions10/11€6k€6k=

Outside capital11-€6k

Share premium1100/10-€6k

Profit (loss) carried forward14€-35k€115k▲

Amounts payable17/49€310k€331k▲

Amounts payable after more than one year17€53k€53k=

Financial debts170/4€53k€53k=

Amounts payable within one year42/48€120k€251k▲

Trade debts44€100k€146k▲

Suppliers440/4€100k€146k▲

Advances received on contracts in progress46€110€110=

Taxes, remuneration and social security45€19k€105k▲

Taxes450/3€2k€35k▲

Remuneration and social security454/9€17k€70k▲

Accrued charges and deferred income492/3€137k€26k▼

Income statement Code20232024

Turnover70€75k€1.20M▲

Non-recurring operating income76A€110€27k▲

Goods, raw materials, services and sundry goods60/61€89k€633k▲

Remuneration, social security and pensions62€18k€412k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€15k▲

Other operating charges640/8-€427

Non-recurring operating charges66A-€13

Gross operating margin9900€-14k€589k▲

Operating profit (loss)9901€-33k€162k▲

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€2k€12k▲

Recurring financial charges65€2k€12k▲

Profit (loss) for the period before taxes9903€-35k€150k▲

Profit (loss) for the period9904€-35k€150k▲

Profit (loss) for the period to be appropriated9905€-35k€150k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-35k€115k▲

Profit (loss) brought forward from the previous period14P-€-35k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 2Filings 2

2025

09-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 9 days late

04-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 216 days late

2024

31-12

Financial Back to profitnet €150k

Net result €150k after one loss-making year.

31-12

Financial Equity above €100kEq €121k

Equity rises from €-29k to €121k.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-12-2025 Sarican, Huvsip: Resigned as Director

31-12-2025 Tonapetian, Armen: Resigned as Director

05-06-2023 Lilit ARISTAKESIAN: Resigned as Director

Location & real-estate footprint

Registered office, Willebroek · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Molenweg 202830 Willebroek

Ground area

6.4 ha

Building footprint