T.S. Services
ActiveSummary
The computed 12-month bankruptcy probability of T.S. Services is 2.9% (moderate). The 2025 annual accounts show negative equity (-€55,882) and a net result of -€65,882. Its solvency ranks better than 10% of 10552 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Non-recurring operating income76A | €492 |
| Remuneration, social security and pensions62 | €81,474 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,029 |
| Other operating charges640/8 | €786 |
| Gross operating margin9900 | €40,650 |
| Operating profit (loss)9901 | -€52,639 |
| Financial income75/76B | €27 |
| Recurring financial income75 | €27 |
| Financial charges65/66B | €13,270 |
| Recurring financial charges65 | €13,270 |
| Profit (loss) for the period before taxes9903 | -€65,882 |
| Profit (loss) for the period9904 | -€65,882 |
| Profit (loss) for the period to be appropriated9905 | -€65,882 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €426,369 | |
| Fixed assets21/28 | €116,150 | |
| Tangible fixed assets22/27 | €116,150 | |
| Plant, machinery and equipment23 | €37,613 | |
| Furniture and vehicles24 | €53,727 | |
| Other tangible fixed assets26 | €12,408 | |
| Assets under construction and advance payments27 | €12,402 | |
| Current assets29/58 | €310,219 | |
| Stocks and contracts in progress3 | €265,991 | |
| Stocks30/36 | €265,991 | |
| Amounts receivable within one year40/41 | €3,040 | |
| Trade receivables40 | €60 | |
| Other amounts receivable41 | €2,980 | |
| Cash at bank and in hand54/58 | €25,777 | |
| Deferred charges and accrued income490/1 | €15,411 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €426,369 | |
| Equity10/15 | -€55,882 | |
| Contributions10/11 | €10,000 | |
| Profit (loss) carried forward14 | -€65,882 | |
| Amounts payable17/49 | €482,251 | |
| Amounts payable after more than one year17 | €174,823 | |
| Financial debts170/4 | €174,823 | |
| Amounts payable within one year42/48 | €301,655 | |
| Current portion of amounts payable after more than one year42 | €33,987 | |
| Financial debts43 | €25,000 | |
| Credit institutions430/8 | €25,000 | |
| Trade debts44 | €215,208 | |
| Suppliers440/4 | €215,208 | |
| Advances received on contracts in progress46 | €1,026 | |
| Taxes, remuneration and social security45 | €25,737 | |
| Taxes450/3 | €9,520 | |
| Remuneration and social security454/9 | €16,218 | |
| Other amounts payable47/48 | €697 | |
| Accrued charges and deferred income492/3 | €5,773 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€65,882 |
| + Depreciation and write-downs630 | €11,029 |
| Operating cash flow (approximation) | -€54,854 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423I0056/00D002 | Flanders | 2,476 m² | 1 · 122 m² | 5.6 m · 1 fl. |
Linked by address, not proof of ownership
Subsidies and aid
Flemish government
2025 · 1 entry · 1,103 EUR awarded · 1,103 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,103 EUR | 1,103 EUR |
Similar companies · same sector, comparable size
Company details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.