TCAT
ActiveSummary
The computed 12-month bankruptcy probability of TCAT is 3.2% (moderate). The 2025 annual accounts show equity of €5k and a net result of €-2k. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 13305 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-84
Solvency53▼-27
Growth78=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.8 against 1.76 in 2024; short-term debt: 71.6% and cash: 26.5% of total assets), and 71.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
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
28.4%
Return on assets
-10.1%
Age of the figures
9 mo
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
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 20-07-2026, 11 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
11 d early
2024
27 d early
2023
28 d early
2022
27 d early
2021
6 d early
2020
19 d early
2019
88 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 26.3%
2024 · €7k
2019: €-15k
2020: €-15k
2021: €-15k
2022: €-16k
2023: €-5k
2024: €7k
2019 → 2025
Total assets
€17k▲ 43.0%
2024 · €12k
2019: €6k
2020: €6k
2021: €235
2022: €4k
2023: €14k
2024: €12k
2019 → 2025
Net result
€-2k
2024 · €11k
2019: €-26k
2020: €-3k
2021: €-1k
2022: €-4k
2023: €11k
2024: €11k
2019 → 2025
Working capital
€-3k
2024 · €4k
2019: €-15k
2020: €-15k
2021: €-15k
2022: €-18k
2023: €-8k
2024: €4k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-15k-€-16k▼ 5.5%€-5k▲ 70.2%€7k€5k▼ 26.3%
Operating result€-1k-€-4k▼ 185%€11k€12k▲ 2.7%€-376
Net result€-1k-€-4k▼ 182%€11k€11k▲ 3.1%€-2k
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 €376 after €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€7k ▲ 194%
Current assets
€10k ▲ 3.3%
Equity and liabilities €17k
Equity
€5k ▼ 26.3%
Debt
€12k ▲ 128%
Debt's share of the balance-sheet total rises from 44.9% to 71.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€468▼
2024 · €13k
Cash flow
€-915▼
2024 · €12k
Current ratio
0.80▼
2024 · 1.76
Quick ratio
0.62▼
2024 · 1.31
Debt to equity
2.52▲
2024 · 0.82
ROE
-35.7%▼
2024 · 169.8%
ROA
-10.1%▼
2024 · 93.5%
Interest coverage
1.22▼
2024 · 36.65
Debt ≤ 1 year
€12k▲
2024 · €5k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12k€17k▲
Fixed assets21/28€3k€7k▲
Tangible fixed assets22/27€3k€3k▲
Plant, machinery and equipment23€3k€3k▲
Financial fixed assets28-€5k
Current assets29/58€10k€10k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€314€525▲
Trade receivables40€226€500▲
Other amounts receivable41€88€25▼
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1€418€3k▲
Equity and liabilities
Total equity and liabilities10/49€12k€17k▲
Equity10/15€7k€5k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-12k€-14k▼
Amounts payable17/49€5k€12k▲
Amounts payable within one year42/48€5k€12k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€159
Remuneration and social security454/9-€2k
Other amounts payable47/48€3k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€842€844▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€14k€2k▼
Operating profit (loss)9901€12k€-376▼
Financial income75/76B€40€0▼
Recurring financial income75€40€0▼
Financial charges65/66B€341€383▲
Recurring financial charges65€341€383▲
Profit (loss) for the period before taxes9903€11k€-759▼
Income taxes67/77-€1k
Profit (loss) for the period9904€11k€-2k▼
Profit (loss) for the period to be appropriated9905€11k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-14k▼
Profit (loss) brought forward from the previous period14P€-23k€-12k▲
The notes to these accounts (7 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
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €11k ▲3.1%
Operating result €12k, net result €11k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.76
Current ratio from 0.57 to 1.76; short-term debt falls from €19k to €5k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 4 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 2 establishment units since 2018
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.
Hutsepotstraat 39052 GentGround area
1,457 m²
Building footprint
564 m²
Volume, LiDAR
3,531 m³
2 parcels, Flanders · tallest building 24.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
TCAT
since 20182.278.194.062
Alisa Thai Massage Therapie
since 20252.380.053.762
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082C0145/00T000 | Flanders | 799 m² | 1 · 154 m² | 10.4 m · 2 fl. |
| 31013A0919/00D000 | Flanders | 658 m² | 1 · 410 m² | 24.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.278.194.062
Similar companies · same sector, comparable size
ROYAL ANAS
BE 1005.835.263
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BE 0797.247.354
Geraardsbergen · Eq €4,939
Q.G.events
BE 0804.187.309
Chaudfontaine · Eq €4,927
KAEM RESTAURATION
BE 1004.117.670
Aubel · Eq €4,943
Kunli
BE 0802.545.336
Zele · Eq €4,923
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 5,190 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
96230Day spas, saunas and steam baths
56111Full-service restaurants
56210Event catering
86997Human health activities
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.