TBSN
ActiveTBSN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €-4k. Equity is growing by ~57.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 18024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency56▼-8
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.05 in 2024), but 76.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
23.8%
Return on assets
-2.9%
Age of the figures
18 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-11-2025, 11 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 filingsDeviation from the deadline
2025
11 d late
2024
18 d late
2023
12 d late
2022
20 d late
2021
5 d late
2020
29 d late
2019
1 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▼ 10.8%
2024 · €35k
2019: €-66k
2020: €-49k
2021: €-29k
2022: €23k
2023: €6k
2024: €35k
2019 → 2025
Total assets
€131k▲ 1.6%
2024 · €129k
2019: €103k
2020: €101k
2021: €91k
2022: €89k
2023: €96k
2024: €129k
2019 → 2025
Net result
€-4k
2024 · €29k
2019: €703
2020: €16k
2021: €20k
2022: €49k
2023: €-17k
2024: €29k
2019 → 2025
Working capital
€59k▼ 0.9%
2024 · €59k
2019: €-42k
2020: €-14k
2021: €-3k
2022: €48k
2023: €31k
2024: €59k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-29k-€23k€6k▼ 73.1%€35k▲ 472%€31k▼ 10.8%
Operating result€22k-€54k▲ 144%€-15k€32k€6k▼ 82.3%
Net result€20k-€49k▲ 143%€-17k€29k€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131k
Fixed assets
€10k▼ 23.9%
Current assets
€121k▲ 4.6%
Equity and liabilities €131k
Equity
€31k▼ 10.8%
Debt
€100k▲ 6.3%
The debt ratio rises from 72.9% to 76.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€9k▼
2024 · €40k
Cash flow
€-531▼
2024 · €37k
Solvency
23.8%▼
2024 · 27.1%
Current ratio
1.94▼
2024 · 2.05
Quick ratio
0.71▼
2024 · 0.77
Debt / equity
3.20▲
2024 · 2.69
ROE
-12.1%▼
2024 · 82.5%
ROA
-2.9%▼
2024 · 22.4%
Interest coverage
3.68▼
2024 · 12.80
Debt
€100k▲
2024 · €94k
Debt ≤ 1 year
€62k▲
2024 · €56k
Debt > 1 year
€38k=
2024 · €38k
Income taxes
€7k
Staff costs
€78k▲
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€129k€131k▲
Fixed assets21/28€14k€10k▼
Tangible fixed assets22/27€13k€10k▼
Plant, machinery and equipment23€3k€3k=
Furniture and vehicles24€10k€7k▼
Financial fixed assets28€800€800=
Current assets29/58€116k€121k▲
Stocks and contracts in progress3€72k€77k▲
Stocks30/36€72k€77k▲
Amounts receivable within one year40/41€20k€21k▲
Trade receivables40€20k€21k▲
Cash at bank and in hand54/58€24k€22k▼
Equity and liabilities
Total equity and liabilities10/49€129k€131k▲
Equity10/15€35k€31k▼
Contributions10/11€65k€65k=
Reserves13€27k€27k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€-57k€-60k▼
Amounts payable17/49€94k€100k▲
Amounts payable after more than one year17€38k€38k=
Financial debts170/4€38k€38k=
Amounts payable within one year42/48€56k€62k▲
Trade debts44€6k€10k▲
Suppliers440/4€6k€10k▲
Taxes, remuneration and social security45€24k€31k▲
Taxes450/3€10k€9k▼
Remuneration and social security454/9€15k€22k▲
Other amounts payable47/48€26k€21k▼
Income statement
Code20242025
Remuneration, social security and pensions62€49k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k▼
Other operating charges640/8€10k€10k▲
Gross operating margin9900€99k€98k▼
Operating profit (loss)9901€32k€6k▼
Financial income75/76B€51€24▼
Recurring financial income75€51€24▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€29k€3k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€29k€-4k▼
Profit (loss) for the period to be appropriated9905€29k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-60k▼
Profit (loss) brought forward from the previous period14P€-86k€-57k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
11-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
31-03
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
2023
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
31-03
Financial
Weakest financial yearnet €-17k ▼134%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
2022
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
31-03
Financial
Highest result since 2019net €49k ▲143%
Operating result €54k, net result €49k, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 4.24
Current ratio from 0.95 to 4.24; short-term debt falls from €60k to €15k.
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2019
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Niklaas · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Singel 59100 Sint-NiklaasGround area
307 m²
Building footprint
331 m²
Volume, LiDAR
1,704 m³
Parcel 46447B0565/00L003, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TROC.COM
since 20132.220.910.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46447B0565/00L003indicative | Flanders | 307 m² | 1 · 331 m² | 11.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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S.A.F.O
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Of 907 companies in sector 47793 we hold annual accounts for 160. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2013
Fiscal year end31-03
Activities, NACEBEL
47793Retail sale of other second-hand goods, excluding clothing
47120Other non-specialised retail sale
47191Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0484 112 577