TCNET
ActiveThe computed 12-month bankruptcy probability of TCNET is 1.8% (moderate). The 2024 annual accounts show equity of €313k and a net result of €53k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 686 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+11
Solvency90▼-10
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 5.76 against 4.83 in 2023; short-term debt: 12.8% and cash: 2.7% of total assets), and 35.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-08-2025, 16 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
16 d late
2023
27 d late
2022
25 d late
2021
30 d late
2020
135 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€662k▲ 53.8%
2020 · €430k
2018: €519k
2019: €486k
2020: €430k
2018 → 2021
EBIT margin
21.6%▲ 3.0pp
2020 · 18.7%
2018: 4.4%
2019: 9.1%
2020: 18.7%
2018 → 2021
Net result
€53k▲ 879%
2023 · €5k
2018: €26k
2019: €50k
2020: €88k
2021: €164k
2022: €100k
2023: €5k
2018 → 2024
Working capital
€295k▲ 12.4%
2023 · €262k
2018: €71k
2019: €130k
2020: €202k
2021: €367k
2022: €355k
2023: €262k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€430k-€662k▲ 53.8%
Equity€153k-€318k▲ 107%€316k▼ 0.5%€260k▼ 17.6%€313k▲ 20.3%
Operating result€80k-€143k▲ 78.3%€101k▼ 29.8%€4k▼ 95.7%€33k▲ 660%
Net result€88k-€164k▲ 87.1%€100k▼ 39.0%€5k▼ 94.6%€53k▲ 879%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 660% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €483k
Fixed assets
€126k▲ 1,718%
Current assets
€357k▲ 7.9%
Equity and liabilities €483k
Equity
€313k▲ 20.3%
Provisions
€9k=
Debt
€161k▲ 135%
The debt ratio rises from 20.3% to 33.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2023 · €9k
Cash flow
€65k▲
2023 · €10k
Solvency
64.8%▼
2023 · 77.1%
Current ratio
5.76▲
2023 · 4.83
Quick ratio
5.76▲
2023 · 4.83
Debt / equity
0.51▲
2023 · 0.26
ROE
16.9%▲
2023 · 2.1%
ROA
10.9%▲
2023 · 1.6%
Interest coverage
162.00▲
2023 · 41.14
Debt
€161k▲
2023 · €68k
Debt ≤ 1 year
€62k▼
2023 · €68k
Debt > 1 year
€99k
Staff costs
€77k▼
2023 · €126k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€338k€483k▲
Fixed assets21/28€7k€126k▲
Tangible fixed assets22/27€7k€126k▲
Furniture and vehicles24€7k€126k▲
Current assets29/58€331k€357k▲
Amounts receivable within one year40/41€328k€344k▲
Trade receivables40€4k€5k▲
Other amounts receivable41€324k€339k▲
Cash at bank and in hand54/58€3k€13k▲
Equity and liabilities
Total equity and liabilities10/49€338k€483k▲
Equity10/15€260k€313k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€252k€305k▲
Provisions and deferred taxes16€9k€9k=
Provisions for liabilities and charges160/5€9k€9k=
Environmental obligations163€9k€9k=
Amounts payable17/49€68k€161k▲
Amounts payable after more than one year17-€99k
Other amounts payable178/9-€99k
Amounts payable within one year42/48€68k€62k▼
Taxes, remuneration and social security45€6k-
Remuneration and social security454/9€6k-
Other amounts payable47/48€62k€62k=
Income statement
Code20232024
Remuneration, social security and pensions62€126k€77k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-40k-
Other operating charges640/8€1k€2k▲
Gross operating margin9900€97k€124k▲
Operating profit (loss)9901€4k€33k▲
Financial income75/76B€16k€20k▲
Recurring financial income75€16k€20k▲
Financial charges65/66B€223€281▲
Recurring financial charges65€223€281▲
Profit (loss) for the period before taxes9903€20k€53k▲
Income taxes67/77€15k-
Profit (loss) for the period9904€5k€53k▲
Profit (loss) for the period to be appropriated9905€5k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€252k€305k▲
Profit (loss) brought forward from the previous period14P€247k€252k▲
Social balance
Average headcount (FTE)90876.86.0▼
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
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 16 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €5k ▼94.6%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €164k ▲87.1%
Operating result €143k, net result €164k, both a record.
31-12
Financial
Equity above €200kEq €318k ▲107%
4 profitable years in a row build equity to €318k.
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 135 days late
2020
31-12
Financial
Equity above €150kEq €153k ▲90%
3 profitable years in a row build equity to €153k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 97 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2015
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.
Prinses Clementinastraat 641020 BrusselGround area
363 m²
Building footprint
230 m²
Volume, LiDAR
2,342 m³
2 parcels, Brussels · tallest building 18.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
tcnet
since 20152.249.828.490
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0199/00C005 | Brussels | 209 m² | 1 · 123 m² | 14.9 m · 4 fl. |
| 21815D0043/00E002 | Brussels | 154 m² | 1 · 107 m² | 18.1 m · 4 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.
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Of 7,008 companies in sector 81220 we hold annual accounts for 2,416. 1,617 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2015
Fiscal year end31-12
Activities, NACEBEL
81220Other building cleaning and industrial cleaning
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:kurterkan002@gmail.com