Equity
TCRP paid out €26,000 in dividends. That is 68% of the 2025 profit.
TCRP paid out €26,000 in dividends. That is 68% of the 2025 profit.
The micro format states no turnover.
Of this, €161,641 falls due within a year.
Green is investment, beige is depreciation.
The 2020 accounts came latest: 31 days after the end of the period.
Lower solvency than 83% of companies in legal and accounting. Sector median 56.8% · 15,820 companies.
The dashed line is the sector median: < 0.1% across 20,101 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 18% of them on solvency, 5% on liquidity, 50% on profitability and 81% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,053 companies had the same profile as TCRP has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TCRP itself is lower: 0.1% within 12 months. It rests on far more data about TCRP than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for TCRP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.88 (1.19 in 2024), below 1. Short-term debt is 70.9% and cash 7% of total assets. 85.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TCRP Halle | €227,983 | €172,324 | 14.7% | - |
| Polazzi Chartered Accountant Jette | €207,173 | €171,163 | 12.1% | - |
| YS Projects Amblève | €212,512 | €159,242 | 8.8% | - |
| Hallinto Consult Vosselaar | €237,599 | €180,322 | 42.0% | - |
| C.D. ASSOCIES Beyne-Heusay | €205,498 | €177,004 | 62.7% | - |
| LVMA TAX CONSULTING Waterloo | €197,347 | €185,359 | 9.4% | - |
| ACCOUNTANTSKANTOOR BOEL, MAES & CO Schoten | €206,140 | €198,489 | 11.5% | 0.4 |
These companies have the same main activity as TCRP: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €197,000 and €238,000, founded between 2015 and 2017.
TCRP files the micro format. That format states no turnover. The gross margin rose from €6,889 in 2017 to €172,324 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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