Equity
-€2,165
Debts exceed assets in financial year 2025.
TBSL
Lifetime
7 annual accounts with figures on one time axispeak €40,162 (2023)
€20,345▲ 267%
lowest -€14,275 (2024)
€397▲ €14,672
peak €11,713 (2023)
-€2,165▲ €397
€166,265▼ 5.2%
Board3 names since 2018
3 directorsBoris Lammens and 2 others
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €5,545 to €20,345Back to profit: €397Equity from -€2,562 to -€2,165Cash from €304 to €2,272
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 40% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024lowest value
02-2025: 0.5%● unchanged vs 01-2025lowest value
03-2025: 0.5%● unchanged vs 02-2025lowest value
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.4%▲ +0.8 percentage points vs 07-2025highest value
09-2025: 1.4%● unchanged vs 08-2025highest value
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.3%▼ -0.1 percentage points vs 03-2026
05-2026: 1.2%▼ -0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 0.6%▼ -0.6 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€2,165
Liquidity: current ratio 0.27, cash €2,272
lowers risk
Size: total assets €164,100
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 18% of them on solvency, 32% on liquidity, 37% on profitability and 72% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 906 companies had the same profile as TBSL has now. Each dot stands for 3 companies, two years later.
89.4%
were still trading
4.1%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TBSL itself is lower: 0.6% within 12 months. It rests on far more data about TBSL than the profile alone.
Test of the method
The method was tested on the 497,447 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 906 companies, not a prediction for TBSL. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.27 (0.29 in 2024), below 1. Short-term debt is 30.5% and cash 1.4% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 17194 sector peers (2025).
NBB · sector comparisonPosition among 17194 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
16 days early
2024
2 days early
2023
29 days early
2022
4 days early
2021
2 days early
2020
30 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0701669393
Changes of role: LAMMENS Boris Bart (director) and SENTE Thibaut Germaine Roger (director)
Gazette deed
Incorporation
Founders: SENTE, Thibaut Germaine Roger; LAMMENS, Boris Bart · Founding capital of €18,550, 100 shares, €6,200 paid up · Appointments: SENTE, Thibaut Germaine Roger (manager) and LAMMENS, Boris Bart (manager) · published on 24-08-2018 · Gazette deed
First establishment
Diesterstraat 34, Sint-Truiden
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TBSL Sint-Truiden | €164,100 | €20,345 | -1.3% | - |
| Deviant 2000 Tessenderlo-Ham | €168,893 | €28,273 | 18.4% | - |
| LESTICO Bree | €244,346 | €18,113 | 31.4% | 0 |
| IMENTIS SRL Malmedy | €147,768 | €20,421 | 12.4% | - |
| ATELIER C Liège | €171,581 | €17,815 | 15.7% | 0 |
| FrH Invest Antwerp | €208,972 | €18,227 | 25.9% | - |
| CASA TRUNCORUM Mortsel | €152,820 | €19,523 | -5.6% | - |
These companies have the same main activity as TBSL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €148,000 and €244,000, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 22-08-2018Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 4 others
- Establishment unit
- 2.280.930.3533800 Sint-Truiden, since 22-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 28-04-2025
Annual accounts 2025
- ≈ €71,000estimated
- €164,100▼ 5.1%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on TBSL
TBSL files the micro format. That format states no turnover. The gross margin rose from -€80 in 2019 to €20,345 in 2025.
The balance sheet grew most in 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TBSL
- What is the company number of TBSL?
- The company number of TBSL is 0701.669.393. The VAT number is the same number with BE in front: BE 0701.669.393.
- Where is TBSL based?
- The registered office is at Diesterstraat 34, 3800 Sint-Truiden.Company details
- What does TBSL do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of TBSL?
- TBSL is a private limited company (BV).
- When was TBSL founded?
- TBSL was founded on 22-08-2018.
- Is TBSL still active?
- Yes, TBSL is an active enterprise in the KBO register.
- What is the turnover of TBSL?
- The turnover in financial year 2025 is ≈ €71,000. This figure is estimated from the gross margin of €20,345 and 31 comparable companies (NACE 68203). It probably lies between €27,000 and €160,000. It is a rough estimate.Financials
- Is TBSL profitable?
- In financial year 2025, TBSL made a profit of €397.
- Where can I find the annual accounts of TBSL?
- TBSL filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TBSL due?
- TBSL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.