T-SERV
ActiveThe file of T-SERV contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.9% (low). The 2024 annual accounts show equity of €226,543 and a net result of -€2,034. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 2090 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▲+1
Solvency100=
Growth78=
Track record85
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days only on tighter terms
short-term debt: 0.2% and cash: 5.6% of total assets, and 0.2% of the assets are financed with debt.
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Signals
Five 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
99.8%
Return on assets
-0.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
54 d late
2022
22 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€226,543▼ 0.9%
2023 · €228,577
Total assets
€227,011▼ 0.7%
2023 · €228,577
Net result
-€2,034▲ 27.8%
2023 · -€2,818
Working capital
€223,111▼ 2.3%
2020 · €228,304
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€997-€2,535-€3,039▼ 19.9%-€3,519▼ 15.8%-€2,871▲ 18.4%
Net result€9,436within the sector's middle half€1,860within the sector's middle half▼ 80.3%-€2,139within the sector's middle half-€2,818within the sector's middle half▼ 31.7%-€2,034within the sector's middle half▲ 27.8%
Equity€231,674above the sector's middle half▲ 4.2%€233,534above the sector's middle half▲ 0.8%€231,394above the sector's middle half▼ 0.9%€228,577above the sector's middle half▼ 1.2%€226,543above the sector's middle half▼ 0.9%
Total assets€232,383within the sector's middle half▲ 4.5%€233,534within the sector's middle half▲ 0.5%€231,865within the sector's middle half▼ 0.7%€228,577within the sector's middle half▼ 1.4%€227,011within the sector's middle half▼ 0.7%
Debt€709▲ 558%€471€469
Working capital€228,304▲ 5.2%€223,111
Solvency99.7%above the sector's middle half▼ 0.3pp100.0%above the sector's middle half▲ 0.3pp99.8%above the sector's middle half▼ 0.2pp100.0%above the sector's middle half▲ 0.2pp99.8%above the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,871 in 2024 against €3,519 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €227,011
Fixed assets
€3,431 ▼ 36.4%
Current assets
€223,580 ▲ 0.2%
Equity and liabilities €227,011
Equity
€226,543
Debt
€469
Debt finances 0.2% of the balance-sheet total.
Key figures and ratios
EBITDA
-€911▲
2023 · -€1,559
Cash flow
-€74▲
2023 · -€858
Debt to equity
0.00
ROE
-0.9%▲
2023 · -1.2%
ROA
-0.9%▲
2023 · -1.2%
Interest coverage
-14.15▲
2023 · -28.86
Debt ≤ 1 year
€469
A ratio outside any meaningful range has been withheld (balance sheet total €227,011, equity €226,543).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,915 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,231 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,850 | €2,339 | €3,360 | €1,960 | €1,960 | = |
| Other operating charges640/8 | - | €620 | €573 | €109 | €968 | ▲ 788% |
| Gross operating margin9900 | €3,367 | €423 | €894 | -€1,450 | €57 | ▲ 104% |
| Operating profit (loss)9901 | €997 | -€2,535 | -€3,039 | -€3,519 | -€2,871 | ▲ 18.4% |
| Financial income75/76B | - | €4,452 | €961 | €755 | €901 | ▲ 19.3% |
| Recurring financial income75 | €8,490 | €4,452 | €961 | €755 | €901 | ▲ 19.3% |
| Financial charges65/66B | - | €58 | €62 | €54 | €64 | ▲ 19.2% |
| Recurring financial charges65 | €51 | €58 | €62 | €54 | €64 | ▲ 19.2% |
| Profit (loss) for the period before taxes9903 | €9,436 | €1,860 | -€2,139 | -€2,818 | -€2,034 | ▲ 27.8% |
| Profit (loss) for the period9904 | €9,436 | €1,860 | -€2,139 | -€2,818 | -€2,034 | ▲ 27.8% |
| Profit (loss) for the period to be appropriated9905 | €9,436 | €1,860 | -€2,139 | -€2,818 | -€2,034 | ▲ 27.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €232,383 | €233,534 | €231,865 | €228,577 | €227,011 | ▼ 0.7% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €3,370 | €10,831 | €7,351 | €5,391 | €3,431 | ▼ 36.4% |
| Tangible fixed assets22/27 | €3,250 | €10,711 | €7,351 | €5,391 | €3,431 | ▼ 36.4% |
| Plant, machinery and equipment23 | - | €1,400 | - | €0 | €0 | - |
| Furniture and vehicles24 | - | €9,311 | €7,351 | €5,391 | €3,431 | ▼ 36.4% |
| Financial fixed assets28 | €120 | €120 | - | - | - | - |
| Current assets29/58 | €229,013 | €222,702 | €224,514 | €223,185 | €223,580 | ▲ 0.2% |
| Amounts receivable after more than one year29 | - | €184,500 | €184,500 | €184,500 | €184,500 | = |
| Other amounts receivable291 | - | €184,500 | €184,500 | €184,500 | €184,500 | = |
| Amounts receivable within one year40/41 | €15,412 | €13,443 | €18,434 | €19,445 | €24,615 | ▲ 26.6% |
| Trade receivables40 | - | €3,371 | €3,371 | €3,371 | - | - |
| Other amounts receivable41 | - | €10,072 | €15,063 | €16,074 | €24,615 | ▲ 53.1% |
| Cash at bank and in hand54/58 | €20,075 | €19,781 | €19,870 | €17,700 | €12,724 | ▼ 28.1% |
| Deferred charges and accrued income490/1 | - | €4,978 | €1,710 | €1,540 | €1,741 | ▲ 13.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €232,383 | €233,534 | €231,865 | €228,577 | €227,011 | ▼ 0.7% |
| Equity10/15 | €231,674 | €233,534 | €231,394 | €228,577 | €226,543 | ▼ 0.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €219,274 | €221,134 | €218,994 | €216,177 | €214,143 | ▼ 0.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €219,274 | €217,134 | €214,317 | €212,283 | ▼ 0.9% |
| Amounts payable17/49 | €709 | - | €471 | - | €469 | - |
| Amounts payable within one year42/48 | €709 | - | - | - | €469 | - |
| Trade debts44 | €709 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €469 | - |
| Taxes450/3 | - | - | - | - | €469 | - |
| Accrued charges and deferred income492/3 | - | - | €471 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,436 | €1,860 | -€2,139 | -€2,818 | -€2,034 | ▲ 27.8% |
| + Depreciation and write-downs630 | €1,850 | €2,339 | €3,360 | €1,960 | €1,960 | = |
| Operating cash flow (approximation) | €11,286 | €4,198 | €1,221 | -€858 | -€74 | ▲ 91.4% |
| Investment in fixed assets (approximation) | - | -€9,800 | €120 | €0 | €0 | - |
| Change in cash | - | -€294 | €89 | -€2,170 | -€4,976 | ▼ 129% |
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
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €9,436
Net result €9,436 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity times 12current ratio 2015.27
Current ratio from 169.49 to 2015.27; short-term debt falls from €1,270 to €108.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 199 days late
2016
06-12
Bankruptcy
Bankruptcy reversal
Rechtbank van koophandel Antwerpen, afdeling Antwerpen
20-09
Bankruptcy
Opening
Rechtbank van koophandel Antwerpen, afdeling Antwerpen · event 15-09-2016
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Bornem · 1 establishment unit since 2008
Ground area
625 m²
Building footprint
96 m²
Volume, LiDAR
675 m³
Parcel 12015A0103/00A000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
T-SERV
since 20082.173.325.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015A0103/00A000 | Flanders | 625 m² | 1 · 96 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Mr VAN DENABEELE GUY VAN BEETHOVEN-STRAAT 28, BUS 402, 2018 ANTWERPEN 1 |
15-09-2016 → 06-12-2016 |
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Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 1,501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806174819
Also
9925:BE0806174819
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.