TASSI
ActiveSummary
TASSI has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207,020 and a net result of €21,496. Equity has been growing by about 20% per year since 2018. Its solvency ranks better than 33% of 12,775 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-12-1987 Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716and 1 other
- Establishment unit
- 2.032.804.848 1030 Schaarbeek, since 09-10-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 23-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Turnover
- €293,390
- Profit
- €21,496
- Equity
- €207,020
- ▲ 11.6%
- Total assets
- €965,285
- ▼ 7.6%
- 2025 accounts filed 62 days after the deadline
Score breakdownraises riskLast filed accounts filed 62 days late; 3 of the last 3 accounts lateSector: Retail trade (NACE 47)lowers riskFounded in 1987Size: turnover €293,390, total assets €965,285Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 37% of them on solvency, 10% on liquidity, 73% on profitability and 63% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 129 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 62 days after the deadline Filed on 1 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00540319.
Annual accounts 2025 filed on 01-10-2026 at the NBB all 30 filings
Every figure per financial year
The operating result for 2025 is a profit of €30,017, after a loss of €29,499 in 2024.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €28,464 | €100,000 | €772,200 | - |
| Depreciation and write-downs of the year | - | €2,496 | €25,874 | €52,822 | €62,052 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | - | €293,390 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77 | - | - | - | €2,496 | €25,874 | €52,822 | €62,052 | ▲ 17.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €63,876 | - | - | - |
| Other operating charges640/8 | - | - | - | €34,912 | €52,921 | - | €67,068 | €2,769 | ▼ 95.9% |
| Gross operating margin9900 | €87,897 | €142,809 | €134,625 | €119,017 | €98,837 | €84,934 | €90,390 | €94,838 | ▲ 4.9% |
| Operating profit (loss)9901 | €7,394 | €67,372 | €63,626 | €84,106 | €43,420 | -€4,816 | -€29,499 | €30,017 | - |
| Financial charges65/66B | - | - | - | - | - | - | - | €1,868 | - |
| Recurring financial charges65 | - | - | - | - | - | - | - | €154 | - |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €1,714 | - |
| Profit (loss) for the period before taxes9903 | €7,394 | €67,372 | €63,626 | €84,106 | €43,420 | -€4,816 | -€29,499 | €28,149 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €6,653 | - |
| Profit (loss) for the period9904 | €7,394 | €67,372 | €63,626 | €84,106 | €43,420 | -€4,816 | -€29,499 | €21,496 | - |
| Profit (loss) for the period to be appropriated9905 | €7,394 | €67,372 | €63,626 | €84,106 | €43,420 | -€4,816 | -€29,499 | €21,496 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | €1.0m | €1.0m | ▼ 7.6% |
| Fixed assets21/28 | €0.007m | €0.007m | €0.007m | €0.007m | €0.03m | €0.1m | €0.8m | €0.8m | ▼ 7.5% |
| Tangible fixed assets22/27 | - | - | - | - | €0.03m | €0.1m | €0.8m | €0.8m | ▼ 7.6% |
| Land and buildings22 | - | - | - | - | - | - | €0.8m | €0.7m | ▼ 3.1% |
| Furniture and vehicles24 | - | - | - | - | €0.03m | €0.1m | €0.06m | €0.02m | ▼ 63.7% |
| Financial fixed assets28 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Current assets29/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 7.8% |
| Stocks and contracts in progress3 | €0.06m | €0.03m | €0.01m | €0.03m | €0.03m | €0.03m | €0.08m | €0.09m | ▲ 9.6% |
| Stocks30/36 | - | - | - | €0.03m | €0.03m | €0.03m | €0.08m | €0.09m | ▲ 9.6% |
| Amounts receivable within one year40/41 | - | - | €0.001m | €0.01m | €0.06m | €0.1m | €0.1m | €0.1m | ▼ 1.5% |
| Trade receivables40 | - | - | - | €0.006m | €0.03m | €0.05m | €0.05m | €0.05m | = |
| Other amounts receivable41 | - | - | - | €0.007m | €0.03m | €0.05m | €0.05m | €0.05m | ▼ 2.9% |
| Cash at bank and in hand54/58 | €0.06m | €0.08m | €0.2m | €0.2m | €0.2m | €0.07m | €0.04m | €0.01m | ▼ 66.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | €1.0m | €1.0m | ▼ 7.6% |
| Equity10/15 | -€0.04m | €0.03m | €0.09m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 11.6% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Capital10 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Issued capital100 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €155 | ▼ 92.5% |
| Legal reserve130 | - | - | - | €155 | €155 | €155 | €155 | €155 | = |
| Other1319 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.002m | - |
| Profit (loss) carried forward14 | -€0.05m | €0.02m | €0.08m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 12.5% |
| Amounts payable17/49 | €0.2m | €0.09m | €0.08m | €0.08m | €0.1m | €0.09m | €0.9m | €0.8m | ▼ 11.7% |
| Amounts payable within one year42/48 | €0.2m | €0.09m | €0.08m | €0.08m | €0.1m | €0.09m | €0.9m | €0.8m | ▼ 11.7% |
| Trade debts44 | €0.006m | - | - | €0.001m | - | €0.007m | €0.02m | €0.04m | ▲ 55.6% |
| Suppliers440/4 | - | - | - | €0.001m | - | €0.007m | €0.02m | €0.04m | ▲ 55.6% |
| Advances received on contracts in progress46 | - | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €0.005m | - |
| Taxes450/3 | - | - | - | - | - | - | - | €0.005m | - |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.07m | €0.06m | €0.8m | €0.7m | ▼ 14.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,394 | €67,372 | €63,626 | €84,106 | €43,420 | -€4,816 | -€29,499 | €21,496 | - |
| + Depreciation and write-downs630 | €77 | - | - | - | €2,496 | €25,874 | €52,822 | €62,052 | ▲ 17.5% |
| Operating cash flow (approximation) | €7,471 | €67,372 | €63,626 | €84,106 | €45,916 | €21,058 | €23,323 | €83,549 | ▲ 258% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€28,464 | -€100,000 | -€772,200 | €0 | - |
| Change in cash | - | €19,782 | €71,827 | €47,890 | -€7,510 | -€128,520 | -€31,125 | -€23,434 | ▲ 24.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as TASSI has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of TASSI itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 4,685 companies, not a prediction for TASSI. 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.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-10-2026 | 2026-00540319 | |
| 31-12-2024 | micro format | 29-10-2025 | 2025-00552638 | |
| 31-12-2023 | micro format | 27-11-2024 | 2024-00606110 | |
| 31-12-2022 | micro format | 01-08-2024 | 2024-00324705 | |
| 31-12-2021 | micro format | 25-11-2022 | 2022-20526358 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69600278 | |
| 31-12-2019 | micro format | 26-10-2020 | 2020-63200007 | |
| 31-12-2018 | micro format | 13-12-2019 | 2019-76300500 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62100307 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-51000051 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 29-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TASSI Mohamed |
|
| ancien conseil d’administration |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, 50”
Articles of association, deed of 29-11-2023 (in French)
Network & group
TASSI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TASSI. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-11
Gazette deed
Company renamed to TASSIAppointment: TASSI Mohamed (sole director) · Resignation: ancien conseil d’administration (director) · Legal-form conversion8 points ▸
- General meeting, 22-11-2023
- Legal-form conversion, “Société à responsabilité limitée” (deed in French)
- Name change, TASSI
- Purpose change
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Director appointment, TASSI Mohamed (sole director)
- Director resignation, ancien conseil d’administration
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21908E0023/00A014 | Brussels | 313 m² | 1 · 226 m² | 17.3 m · 2 |
| 21572B0444/00Y009 | Brussels | 149 m² | 1 · 94 m² | 14.8 m · 4 |