TCL
ActiveSummary
The annual accounts of TCL for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €26k and a net result of €-41k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 22% of 10407 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-36
Solvency37▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.9 against 1.05 in 2024; short-term debt: 88.3% and cash: 21.6% of total assets), and 88.3% of the assets are financed with debt.
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Signals
Seven 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
Retail trade (NACE 47)
about 45% more 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
11.7%
Return on assets
-18.1%
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-41k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10407 sector peers (2025).
NBB · sector comparisonPosition among 10407 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 19-11-2025, 19 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
19 d late
2024
22 d late
2023
16 d late
2022
14 d late
2021
23 d late
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-10-2026 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€26k▼ 60.8%
2024 · €67k
Total assets
€226k▼ 19.0%
2024 · €279k
Net result
€-41k▼ 1,701%
2024 · €-2k
Working capital
€-19k
2024 · €11k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€40k▲ 583%€31k▼ 22.1%€1k▼ 95.8%€13k▲ 900%€-34k
Net result€26k▲ 5,609%€15k▼ 43.4%€-9k€-2k▲ 75.6%€-41k▼ 1,701%
Equity€64k▲ 67.3%€79k▲ 22.8%€69k▼ 11.8%€67k▼ 3.3%€26k▼ 60.8%
Total assets€354k▲ 16.4%€325k▼ 8.4%€288k▼ 11.4%€279k▼ 3.2%€226k▼ 19.0%
Debt€290k▲ 9.1%€246k▼ 15.2%€218k▼ 11.2%€212k▼ 3.1%€200k▼ 5.7%
Working capital€22k€22k▲ 2.4%€5k▼ 76.2%€11k▲ 112%€-19k
Staff (FTE)4.7=5.1▲ 8.5%4.7▼ 7.8%4.6▼ 2.1%5.8▲ 26.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226k
Fixed assets
€46k ▼ 27.7%
Current assets
€180k ▼ 16.4%
Equity and liabilities €226k
Equity
€26k ▼ 60.8%
Debt
€200k ▼ 5.7%
Debt's share of the balance-sheet total rises from 75.9% to 88.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-16k▼
2024 · €33k
Cash flow
€-23k▼
2024 · €17k
Current ratio
0.90▼
2024 · 1.05
Quick ratio
0.25▼
2024 · 0.31
Debt to equity
7.58▲
2024 · 3.15
ROE
-155.3%▼
2024 · -3.4%
ROA
-18.1%▼
2024 · -0.8%
Interest coverage
-1.85▼
2024 · 2.14
Debt ≤ 1 year
€200k▼
2024 · €204k
Staff costs
€176k▲
2024 · €161k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €157k | €155k | €161k | €176k | ▲ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €20k | €20k | €20k | €18k | ▼ 9.3% |
| Other operating charges640/8 | - | €6k | €7k | €7k | €9k | ▲ 25.5% |
| Gross operating margin9900 | €226k | €215k | €184k | €201k | €169k | ▼ 16.0% |
| Operating profit (loss)9901 | €40k | €31k | €1k | €13k | €-34k | ▼ 358% |
| Financial income75/76B | - | - | €87 | €71 | €2k | ▲ 2,168% |
| Recurring financial income75 | - | - | €87 | €71 | €2k | ▲ 2,168% |
| Financial charges65/66B | - | €13k | €11k | €15k | €9k | ▼ 43.3% |
| Recurring financial charges65 | €9k | €13k | €11k | €15k | €9k | ▼ 43.3% |
| Profit (loss) for the period before taxes9903 | €31k | €18k | €-9k | €-2k | €-41k | ▼ 1,846% |
| Income taxes67/77 | €5k | €4k | €146 | €170 | - | - |
| Profit (loss) for the period9904 | €26k | €15k | €-9k | €-2k | €-41k | ▼ 1,701% |
| Profit (loss) for the period to be appropriated9905 | €26k | €15k | €-9k | €-2k | €-41k | ▼ 1,701% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354k | €325k | €288k | €279k | €226k | ▼ 19.0% |
| Fixed assets21/28 | €105k | €103k | €83k | €63k | €46k | ▼ 27.7% |
| Intangible fixed assets21 | €55k | €44k | €33k | €22k | €11k | ▼ 50.0% |
| Tangible fixed assets22/27 | €47k | €56k | €47k | €38k | €32k | ▼ 17.6% |
| Plant, machinery and equipment23 | - | €55k | €46k | €38k | €31k | ▼ 17.2% |
| Furniture and vehicles24 | - | - | €335 | - | - | - |
| Leasing and similar rights25 | - | €230 | €115 | - | - | - |
| Other tangible fixed assets26 | - | €901 | €676 | €451 | €225 | ▼ 50.1% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | ▲ 11.7% |
| Current assets29/58 | €250k | €222k | €205k | €216k | €180k | ▼ 16.4% |
| Stocks and contracts in progress3 | €148k | €144k | €147k | €153k | €130k | ▼ 15.1% |
| Stocks30/36 | - | €144k | €147k | €153k | €130k | ▼ 15.1% |
| Amounts receivable within one year40/41 | - | €4k | €5k | - | €268 | - |
| Trade receivables40 | - | €4k | - | - | €268 | - |
| Other amounts receivable41 | - | - | €5k | - | - | - |
| Cash at bank and in hand54/58 | €100k | €72k | €50k | €61k | €49k | ▼ 20.7% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €2k | €2k | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354k | €325k | €288k | €279k | €226k | ▼ 19.0% |
| Equity10/15 | €64k | €79k | €69k | €67k | €26k | ▼ 60.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | €6k | €6k | €6k | €6k | = |
| Other1109/19 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €58k | €73k | €63k | €61k | €20k | ▼ 67.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €71k | €61k | €61k | €20k | ▼ 67.0% |
| Amounts payable17/49 | €290k | €246k | €218k | €212k | €200k | ▼ 5.7% |
| Amounts payable after more than one year17 | €62k | €46k | €19k | €7k | - | - |
| Financial debts170/4 | - | €46k | €19k | €7k | - | - |
| Amounts payable within one year42/48 | €228k | €200k | €200k | €204k | €200k | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €30k | €47k | €16k | €20k | ▲ 19.1% |
| Trade debts44 | €56k | €39k | €10k | €42k | €30k | ▼ 29.5% |
| Suppliers440/4 | - | €39k | €10k | €42k | €30k | ▼ 29.5% |
| Taxes, remuneration and social security45 | - | €33k | €29k | €34k | €30k | ▼ 10.5% |
| Taxes450/3 | - | €7k | €4k | €5k | €4k | ▼ 21.9% |
| Remuneration and social security454/9 | - | €27k | €26k | €29k | €26k | ▼ 8.6% |
| Other amounts payable47/48 | - | €97k | €114k | €112k | €120k | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €15k | €-9k | €-2k | €-41k | ▼ 1,701% |
| + Depreciation and write-downs630 | €37k | €20k | €20k | €20k | €18k | ▼ 9.3% |
| Operating cash flow (approximation) | €63k | €35k | €11k | €17k | €-23k | ▼ 233% |
| Investment in fixed assets (approximation) | - | €-18k | €0 | €0 | €-315 | - |
| Change in cash | - | €-28k | €-23k | €12k | €-13k | ▼ 207% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
31-03
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series.
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 16 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
31-03
Financial
Highest result since 2019net €26k ▲5,609%
Operating result €40k, net result €26k, both a record.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 44 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Maasmechelen · 2 establishment units since 2011
Ground area
4,060 m²
Building footprint
802 m²
Volume, LiDAR
4,501 m³
3 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Supra Op 't Eynde - Breuls
since 20112.201.486.066
TCL
since 20172.260.935.386
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73014A0146/00M000 | Flanders | 2,103 m² | 1 · 579 m² | 8.1 m · 2 fl. |
| 73050A0388/00D000 | Flanders | 989 m² | 1 · 111 m² | 11.4 m · 2 fl. |
| 72007B1247/00R000 | Flanders | 968 m² | 1 · 111 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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
2025 · 1 entry · 2,989 EUR awarded · 2,989 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,989 EUR | 2,989 EUR |
Schemes
Individueel Maatwerk
Recognitions · licences · registrations
Food safety, FASFC
1 siteLanaken2.260.935.386
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 4,344 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
Founded15-04-2011
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.