TC Consultancy
ActiveSummary
TC Consultancy has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,354 and a net result of -€14,225. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 795 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-41
Solvency57▼-8
Growth52=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.9 against 1.38 in 2024; short-term debt: 20.3% and cash: 7% of total assets), and 68.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← 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
31.9%
Return on assets
-4.4%
Age of the figures
9 mo
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 03-03-2026, 150 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
150 d early
2024
73 d early
2023
58 d early
2022
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 83 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 May (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€103,354▼ 34.4%
2024 · €157,580
Total assets
€324,272▼ 18.2%
2024 · €396,398
Net result
-€14,225
2024 · €40,447
Working capital
-€6,491
2024 · €23,550
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€100,919-€41,877▼ 58.5%€59,729▲ 42.6%-€7,973
Net result€79,902above the sector's middle half-€28,889within the sector's middle half▼ 63.8%€40,447within the sector's middle half▲ 40.0%-€14,225below the sector's middle half
Equity€80,902within the sector's middle half-€117,132within the sector's middle half▲ 44.8%€157,580above the sector's middle half▲ 34.5%€103,354within the sector's middle half▼ 34.4%
Total assets€286,361within the sector's middle half-€371,315above the sector's middle half▲ 29.7%€396,398above the sector's middle half▲ 6.8%€324,272above the sector's middle half▼ 18.2%
Debt€205,459-€254,182▲ 23.7%€238,818▼ 6.0%€220,918▼ 7.5%
Working capital-€34below the sector's middle half--€27,131below the sector's middle half▼ 80,454%€23,550within the sector's middle half-€6,491below the sector's middle half
Solvency28.3%within the sector's middle half-31.5%within the sector's middle half▲ 3.3pp39.8%within the sector's middle half▲ 8.2pp31.9%within the sector's middle half▼ 7.9pp
Current ratio1.00below the sector's middle half-0.51below the sector's middle half▼ 0.491.38within the sector's middle half▲ 0.870.90below the sector's middle half▼ 0.48
Return on assets (ROA)27.9%within the sector's middle half-7.8%within the sector's middle half▼ 20.1pp10.2%within the sector's middle half▲ 2.4pp-4.4%below the sector's middle half▼ 14.6pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, 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 turns negative in 2025: a loss of €7,973 after €59,729 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324,272
Fixed assets
€264,924 ▼ 14.9%
Current assets
€59,348 ▼ 30.2%
Equity and liabilities €324,272
Equity
€103,354 ▼ 34.4%
Debt
€220,918 ▼ 7.5%
Debt's share of the balance-sheet total rises from 60.2% to 68.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,107▼
2024 · €88,461
Cash flow
€13,855▼
2024 · €69,180
Debt to equity
2.14▲
2024 · 1.52
ROE
-13.8%▼
2024 · 25.7%
Interest coverage
3.31▼
2024 · 13.19
Debt ≤ 1 year
€65,839▲
2024 · €61,458
Debt > 1 year
€154,989▼
2024 · €177,270
Income taxes
€179▼
2024 · €12,574
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,441 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,330 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,401 | €15,042 | €28,732 | €28,080 | ▼ 2.3% |
| Other operating charges640/8 | €615 | €115 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €103,936 | €57,034 | €88,974 | €20,635 | ▼ 76.8% |
| Operating profit (loss)9901 | €100,919 | €41,877 | €59,729 | -€7,973 | ▼ 113% |
| Financial income75/76B | €62 | €0 | €0 | €0 | ▼ 90.0% |
| Recurring financial income75 | €62 | €0 | €0 | €0 | ▼ 90.0% |
| Financial charges65/66B | €2,682 | €4,904 | €6,708 | €6,073 | ▼ 9.5% |
| Recurring financial charges65 | €2,682 | €4,904 | €6,708 | €6,073 | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €98,299 | €36,973 | €53,021 | -€14,046 | ▼ 126% |
| Income taxes67/77 | €18,397 | €8,085 | €12,574 | €179 | ▼ 98.6% |
| Profit (loss) for the period9904 | €79,902 | €28,889 | €40,447 | -€14,225 | ▼ 135% |
| Profit (loss) for the period to be appropriated9905 | €79,902 | €28,889 | €40,447 | -€14,225 | ▼ 135% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €286,361 | €371,315 | €396,398 | €324,272 | ▼ 18.2% |
| Fixed assets21/28 | €240,074 | €343,102 | €311,389 | €264,924 | ▼ 14.9% |
| Tangible fixed assets22/27 | €220,574 | €325,602 | €299,889 | €259,424 | ▼ 13.5% |
| Land and buildings22 | €211,051 | €251,784 | €238,374 | €213,330 | ▼ 10.5% |
| Plant, machinery and equipment23 | €438 | €1,068 | €2,389 | €1,553 | ▼ 35.0% |
| Furniture and vehicles24 | €1,710 | €66,205 | €53,412 | €39,657 | ▼ 25.8% |
| Other tangible fixed assets26 | €7,375 | €6,545 | €5,714 | €4,884 | ▼ 14.5% |
| Financial fixed assets28 | €19,500 | €17,500 | €11,500 | €5,500 | ▼ 52.2% |
| Current assets29/58 | €46,287 | €28,212 | €85,009 | €59,348 | ▼ 30.2% |
| Amounts receivable within one year40/41 | €1,587 | €13,841 | €10,563 | €33,021 | ▲ 213% |
| Trade receivables40 | €226 | €11,260 | €10,563 | €17,809 | ▲ 68.6% |
| Other amounts receivable41 | €1,361 | €2,580 | €0 | €15,212 | - |
| Cash at bank and in hand54/58 | €42,810 | €12,417 | €70,942 | €22,724 | ▼ 68.0% |
| Deferred charges and accrued income490/1 | €1,889 | €1,955 | €3,504 | €3,603 | ▲ 2.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €286,361 | €371,315 | €396,398 | €324,272 | ▼ 18.2% |
| Equity10/15 | €80,902 | €117,132 | €157,580 | €103,354 | ▼ 34.4% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €79,902 | €116,132 | €156,580 | €116,580 | ▼ 25.5% |
| Distributable reserves133 | €79,902 | €116,132 | €156,580 | €116,580 | ▼ 25.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | -€14,225 | - |
| Amounts payable17/49 | €205,459 | €254,182 | €238,818 | €220,918 | ▼ 7.5% |
| Amounts payable after more than one year17 | €159,048 | €198,818 | €177,270 | €154,989 | ▼ 12.6% |
| Financial debts170/4 | €159,048 | €198,818 | €177,270 | €154,989 | ▼ 12.6% |
| Amounts payable within one year42/48 | €46,320 | €55,343 | €61,458 | €65,839 | ▲ 7.1% |
| Current portion of amounts payable after more than one year42 | €9,408 | €20,839 | €21,548 | €22,281 | ▲ 3.4% |
| Trade debts44 | €18,002 | €22,102 | €18,329 | €19,980 | ▲ 9.0% |
| Suppliers440/4 | €18,002 | €22,102 | €18,329 | €19,980 | ▲ 9.0% |
| Taxes, remuneration and social security45 | €18,910 | €8,134 | €21,154 | €18,554 | ▼ 12.3% |
| Taxes450/3 | €18,910 | €8,134 | €21,154 | €15,854 | ▼ 25.1% |
| Remuneration and social security454/9 | - | - | - | €2,700 | - |
| Other amounts payable47/48 | - | €4,267 | €428 | €5,024 | ▲ 1,075% |
| Accrued charges and deferred income492/3 | €90 | €22 | €90 | €90 | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,902 | €28,889 | €40,447 | -€14,225 | ▼ 135% |
| + Depreciation and write-downs630 | €2,401 | €15,042 | €28,732 | €28,080 | ▼ 2.3% |
| Operating cash flow (approximation) | €82,304 | €43,931 | €69,180 | €13,855 | ▼ 80.0% |
| Investment in fixed assets (approximation) | - | -€118,070 | €2,980 | €18,385 | ▲ 517% |
| Change in cash | - | -€30,394 | €58,525 | -€48,218 | ▼ 182% |
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
Next filing, fiscal year 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€14,225
Net result drops to -€14,225, the lowest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 1.38
Current ratio from 0.51 to 1.38.
31-12
Financial
Equity above €150,000Eq €157,580 ▲34.5%
3 profitable years in a row build equity to €157,580.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €117,132 ▲44.8%
2 profitable years in a row build equity to €117,132.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hooglede · 1 establishment unit since 2021
Ground area
737 m²
Building footprint
139 m²
Volume, LiDAR
857 m³
Parcel 36005E0474/00D000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TC Consultancy
since 20212.317.634.658
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005E0474/00D000 | Flanders | 737 m² | 1 · 139 m² | 8.5 m · 2 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.
Subsidies and aid
Flemish government
2025 · 1 entry · 864 EUR awarded · 864 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 864 EUR | 864 EUR |
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Of 2,357 companies in sector 78100 we hold annual accounts for 1,364. 1,091 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
Founded07-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767982157
Also
9925:BE0767982157
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.