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Complete company report
Generated 18-08-2026
Active BE 0827.572.524Private limited company

TCI RESEARCH

de Broquevillelaan 12 ·1150 Sint-Pieters-Woluwe, Belgium· 16 yrs active
Sector: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of TCI RESEARCH is 0.3% (very low). The 2023 annual accounts show equity of €823k and a net result of €422k. Equity is growing by ~60.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 830 sector peers (fiscal year 2023). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €823k
Net result €422k
Better than sector 76%
Active 16 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health93Profitability100Solvency100Growth78Stability100
94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 100
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
93 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 05-09-2024 with the NBB · fiscal year 2023 · volledig
€0€200k€400k€600kOperating result 2019: €75k€75kNet result 2019: €87k€87kOperating result 2020: €125k€125kNet result 2020: €183k€183kOperating result 2021: €391k€391kNet result 2021: €277k€277kOperating result 2022: €452k€452kNet result 2022: €345k€345kOperating result 2023: €567k€567kNet result 2023: €422k€422k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~60.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
€0€1.00M€2.00M€3.00M€4.00M2024: €1.40M (€1.33M - €1.47M)2025: €2.25M (€2.14M - €2.36M)2026: €3.60M (€3.45M - €3.76M)2018: €78k2019: €141k2020: €238k2021: €435k2022: €481k2023: €823k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 72.9% 41.2%
better than 76% of 830 sector peers
Net result €422k €28k
better than 87% of 831 sector peers
Equity €823k €160k
better than 71% of 832 sector peers
Gross operating margin €1.07M €52k
better than 95% of 672 sector peers
Staff costs €503k €158k
higher than 69% of 246 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€453k
+15.5% 18-23
Net profit
€422k
+22.4% 18-23
Cash flow
€345k
+24.2% 18-23
Total assets
€1.13M
+57.1% 18-23
Equity
€823k
+71.2% 18-23
Working capital
€1.01M
+76.9% 18-23
Employees (FTE)
337304
+8432497.5% 18-23
Staff costs
€503k
+49.1% 18-23
Show 11 other metrics
Income taxes
€148k
+29.9% 18-23
Dividends
€80k
-71.4% 18-23
Debt
€306k
+28.6% 18-23
Debt ≤ 1y
€121k
-18.5% 18-23
Current ratio
9.31
+92.8% 18-23
Quick ratio
9.31
+92.8% 18-23
Solvency
72.9%
+9.0% 18-23
Debt / equity
0.37
-24.9% 18-23
ROE
51.3%
-28.5% 18-23
ROA
37.4%
-22.1% 18-23
Interest coverage
440.83
-27.9% 18-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue-
EBITDA-
Net profit€422k
Cash flow-
Staff costs€503k
Income taxes€148k
Dividends€80k
Total assets€1.13M
Equity€823k
Debt€306k
of which ≤ 1y€121k
of which > 1y-
Working capital€1.01M
Employees (FTE)-
Ratios (computed)
2023
Current ratio9.31
Quick ratio9.31
Working capital ratio89.2%
Solvency72.9%
Debt / equity0.37
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA37.4%
ROE51.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1.13M
Fixed assets 21/28€368
Financial fixed assets 28€368
Current assets 29/58€1.13M
Amounts receivable within one year 40/41€533k
Cash & bank 54/58€594k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.13M
Equity 10/15€823k
Contributions / capital 10/11€30k
Reserves 13€5k
Accumulated profits (losses) 14€788k
Amounts payable 17/49€306k
Amounts payable within one year 42/48€121k
Trade debts payable within one year 44€20k
Income statement
Gross operating margin 9900€1.07M
Operating result 9901€567k
Financial income 75€5k
Financial charges 65€2k
Result before taxes 9903€570k
Income taxes 67/77€148k
Net result for the period 9904€422k
Result to be appropriated 9905€422k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Current directors & mandates
  • Katherine Briscoe
    Director
    State Gazette act 25075636 (17-06-2025)
    Current
    17-06-2025 → present
  • HENRY-BIABAUD Olivier
    Director
    State Gazette act 22385350 (22-12-2022)
    Current
    22-12-2022 → present
Former directors (3)
  • Andrew Wiegand
    Director
    State Gazette act 24146570 (11-10-2024)
    Former
    - → 26-10-2023
  • Dennis Murphy
    Director
    State Gazette act 24146570 (11-10-2024)
    Former
    - → 26-10-2023
  • Karl La Peer
    Director
    State Gazette act 24146570 (11-10-2024)
    Former
    - → 26-10-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Private limited company(610)
Incorporation06-07-2010
StatusActive
Postal code1150
Establishment units 1 location
MMGY TCI RESEARCH
de Broquevillelaan 12, 1150 Sint-Pieters-WoluweVerlenen van advies en praktische hulp aan de bedrijven i.v.m. public relations en communicatie
since 20102.190.286.724
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21019A0206/00H005 Brussels 1,291 m² 1 · 597 m² 29.1 m · 9 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
17-06-2025
State Gazette act Director changes
2024
11-10-2024
State Gazette act Director changes
05-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
30-11-2023
State Gazette act Director changes
19-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
22-12-2022
State Gazette act Director changes
Jérôme OTTE
29-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
28-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
27-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
17-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
17-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
27-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
10-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
21-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 4 acts
All acts · 4 updated 1 year ago
2025
17-06-2025 4 directors appointed Director changes
  • Katherine Briscoe, Bestuurder
  • Laurens Engelen, Vaste vertegenwoordiger
  • Domien Kriger, Vaste vertegenwoordiger
  • Martijn Segers, Vaste vertegenwoordiger
Technical details 
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  "act_meta": {
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}
2024
11-10-2024 3 resigning Director changes
  • Dennis Murphy, Bestuurder
  • Andrew Wiegand, Bestuurder
  • Karl La Peer, Bestuurder
Technical details 
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      "evidence_quote": "D\u00E9cide de donner procuration \u00E0 Laurens Engelen, Domien Kriger, Martijn Segers, et/ou tout autre avocat, employ\u00E9 ou associ\u00E9 du cabinet d\u0027avocats Dentons Europe LLP, dont le si\u00E8ge social est situ\u00E9 \u00E0 1000 Bruxelles rue de la R\u00E9gence 58, chacun d\u0027entre eux agissant individueliement avec pouvoir de subst",
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2023
30-11-2023 Change in the board of directors Director changes
Technical details 
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2022
22-12-2022 HENRY-BIABAUD Olivier appointed as director Director changes·Jérôme OTTE
  • HENRY-BIABAUD Olivier, Bestuurder
Notary: Jérôme OTTE · Ixelles
Technical details 
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      "kind": "substantive_delegation",
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        "kbo": null,
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      },
      "statutory": null,
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      "body": "algemene_vergadering",
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Activiteiten van interieurdecorateurs74104Interieurontwerp74130Overige persoonlijke diensten96099Overige persoonlijke diensten96999
Primary activity highlighted.
Names & trade names
Legal nameFR TCI RESEARCH
Registered office
de Broquevillelaan 12
1150 Sint-Pieters-Woluwe, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative