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TASSIN

Active
Public limited companyfounded 199135 yrs activeTassinstraat(KMT) 93, 3300 Tienen, BelgiumKBO/BCE: BE 0444.306.124
Summary

TASSIN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €281,995 and a net result of -€2,650. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability35▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 9.51 against 10.48 in 2023; short-term debt: 9.2% of total assets), and 9.2% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
90.8%
Return on assets
-0.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d early
2022
28 d early
2021
12 d late
2020
31 d late
2019
102 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

On 31 May 1991, TASSIN was incorporated.1 Total assets went from EUR 308,414 in 2018 to EUR 310,422 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€281,995▼ 0.9%
2023 · €284,645
Total assets
€310,422=
2023 · €310,422
Net result
-€2,650▼ 20.2%
2023 · -€2,204
Working capital
€241,782▼ 1.1%
2023 · €244,432
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€422-€4,769▼ 1,031%-€866▲ 81.8%-€2,184▼ 152%-€2,563▼ 17.3%
Net result-€422-€4,804▼ 1,039%-€866▲ 82.0%-€2,204▼ 154%-€2,650▼ 20.2%
Equity€292,520▼ 0.1%€287,716▼ 1.6%€286,850▼ 0.3%€284,645▼ 0.8%€281,995▼ 0.9%
Total assets€310,422=€310,422=€310,422=€310,422=€310,422=
Debt€17,902▲ 2.4%€22,706▲ 26.8%€23,572▲ 3.8%€25,776▲ 9.4%€28,427▲ 10.3%
Working capital€252,307▼ 0.2%€247,503▼ 1.9%€246,636▼ 0.4%€244,432▼ 0.9%€241,782▼ 1.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0Operating result 2020: -€422-€422Net result 2020: -€422-€422Operating result 2021: -€4,769-€4,769Net result 2021: -€4,804-€4,804Operating result 2022: -€866-€866Net result 2022: -€866-€866Operating result 2023: -€2,184-€2,184Net result 2023: -€2,204-€2,204Operating result 2024: -€2,563-€2,563Net result 2024: -€2,650-€2,65020202021202220232024-€3,000-€2,000-€1,000€0Operating result 2022: -€866-€866Net result 2022: -€866-€866Operating result 2023: -€2,184-€2,180Net result 2023: -€2,204-€2,200Operating result 2024: -€2,563-€2,560Net result 2024: -€2,650-€2,650202220232024
The operating result stays negative: a loss of €2,563 in 2024 against €2,184 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €310,422
Fixed assets €40,213 =
Current assets €270,208 =
Equity and liabilities €310,422
Equity €281,995 ▼ 0.9%
Debt €28,427 ▲ 10.3%
Debt's share of the balance-sheet total rises from 8.3% to 9.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
9.51▼
2023 · 10.48
Debt to equity
0.10▲
2023 · 0.09
ROE
-0.9%▼
2023 · -0.8%
ROA
-0.9%▼
2023 · -0.7%
Debt ≤ 1 year
€28,427▲
2023 · €25,776
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€310,422€310,422=
Fixed assets21/28€40,213€40,213=
Intangible fixed assets21€21,333€21,333=
Tangible fixed assets22/27€18,880€18,880=
Land and buildings22€18,880€18,880=
Current assets29/58€270,208€270,208=
Amounts receivable within one year40/41€270,208€270,208=
Other amounts receivable41€270,208€270,208=
Equity and liabilities
Total equity and liabilities10/49€310,422€310,422=
Equity10/15€284,645€281,995▼
Contributions10/11€282,599€282,599=
Capital10€282,599€282,599=
Issued capital100€282,599€282,599=
Reserves13€1,024€1,024=
Non-distributable reserves130/1€1,024€1,024=
Legal reserve130€1,024€1,024=
Profit (loss) carried forward14€1,023-€1,627▼
Amounts payable17/49€25,776€28,427▲
Amounts payable within one year42/48€25,776€28,427▲
Trade debts44€8,746€11,396▲
Suppliers440/4€8,746€11,396▲
Other amounts payable47/48€17,030€17,030=
Income statement Code20232024
Other operating charges640/8€1,991€1,991=
Gross operating margin9900-€193-€572▼
Operating profit (loss)9901-€2,184-€2,563▼
Financial charges65/66B€20€87▲
Recurring financial charges65€20€87▲
Profit (loss) for the period before taxes9903-€2,204-€2,650▼
Profit (loss) for the period9904-€2,204-€2,650▼
Profit (loss) for the period to be appropriated9905-€2,204-€2,650▼
Appropriation of the result
Profit (loss) to be appropriated9906€1,023-€1,627▼
Profit (loss) brought forward from the previous period14P€3,227€1,023▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€4,268-€1,991€1,991=
Gross operating margin9900-€422-€501-€866-€193-€572▼ 196%
Operating profit (loss)9901-€422-€4,769-€866-€2,184-€2,563▼ 17.3%
Financial charges65/66B-€35-€20€87▲ 337%
Recurring financial charges65-€35-€20€87▲ 337%
Profit (loss) for the period before taxes9903-€422-€4,804-€866-€2,204-€2,650▼ 20.2%
Profit (loss) for the period9904-€422-€4,804-€866-€2,204-€2,650▼ 20.2%
Profit (loss) for the period to be appropriated9905-€422-€4,804-€866-€2,204-€2,650▼ 20.2%
Line20202021202220232024Change
Assets
Total assets20/58€310,422€310,422€310,422€310,422€310,422=
Fixed assets21/28€40,213€40,213€40,213€40,213€40,213=
Intangible fixed assets21€21,333€21,333€21,333€21,333€21,333=
Tangible fixed assets22/27€18,880€18,880€18,880€18,880€18,880=
Land and buildings22-€18,880€18,880€18,880€18,880=
Current assets29/58€270,208€270,208€270,208€270,208€270,208=
Amounts receivable within one year40/41€270,208€270,208€270,208€270,208€270,208=
Other amounts receivable41-€270,208€270,208€270,208€270,208=
Equity and liabilities
Total equity and liabilities10/49€310,422€310,422€310,422€310,422€310,422=
Equity10/15€292,520€287,716€286,850€284,645€281,995▼ 0.9%
Contributions10/11€282,599€282,599€282,599€282,599€282,599=
Capital10-€282,599€282,599€282,599€282,599=
Issued capital100-€282,599€282,599€282,599€282,599=
Reserves13€1,024€1,024€1,024€1,024€1,024=
Non-distributable reserves130/1-€1,024€1,024€1,024€1,024=
Legal reserve130-€1,024€1,024€1,024€1,024=
Profit (loss) carried forward14€8,898€4,094€3,227€1,023-€1,627▼ 259%
Amounts payable17/49€17,902€22,706€23,572€25,776€28,427▲ 10.3%
Amounts payable within one year42/48€17,902€22,706€23,572€25,776€28,427▲ 10.3%
Trade debts44€2,777€5,675€6,542€8,746€11,396▲ 30.3%
Suppliers440/4-€5,675€6,542€8,746€11,396▲ 30.3%
Other amounts payable47/48-€17,030€17,030€17,030€17,030=
Line20202021202220232024Change
Profit (loss) for the period9904-€422-€4,804-€866-€2,204-€2,650▼ 20.2%
Operating cash flow (approximation)-€422-€4,804-€866-€2,204-€2,650▼ 20.2%
Investment in fixed assets (approximation)-€0€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial Weakest financial yearnet -€4,804
Net result drops to -€4,804, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
10-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
22-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
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.
Location & real-estate footprint
Registered office, Tienen
exact location from the address register On OpenStreetMap
Ground area
2,336 m²
Building footprint
413 m²
Volume, LiDAR
2,992 m³
Parcel 24057C0330/00F000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24057C0330/00F000 Flanders 2,336 m² 1 · 413 m² 11.5 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. HAUSWART 100%
  2. TASSIN

Highest known parent: HAUSWART. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded31-05-1991
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.