Equity
€307,514 ▲ 12.9%
TCS has made a profit without a break since 2018.
TCS
Lifetime
17 annual accounts with figures on one time axispeak €102,693 (2009)
€40,317▼ 8.6%
lowest -€1,419 (2017)
€35,242▼ 30.3%
peak €351,323 (2021)
€307,514▲ 12.9%
€26,050▼ 57.0%
Board3 names since 2017
1 directorTom Bauwens
Owners
Documentsfilings and deeds
27-10-202688 days late
2025micro format
Result from €50,534 to €35,242Equity from €272,272 to €307,514Debts from €60,616 to €26,050
Key points
from the 2025 annual accountsChecked score
89
Excellent
Financially stronger than 58% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.9%▲ +0.1 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.8%▼ -0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 1.1%▲ +0.3 percentage points vs 07-2025
09-2025: 1.3%▲ +0.2 percentage points vs 08-2025
10-2025: 0.6%▼ -0.7 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.8%▲ +0.2 percentage points vs 11-2025
01-2026: 1.8%▲ +1.0 percentage point vs 12-2025highest value
02-2026: 0.9%▼ -0.9 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.8%▼ -0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.4 percentage points vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 0.2%▼ -1.0 percentage point vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 88 days late; 3 of the last 3 accounts late
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Founded in 2008
Equity €307,514 (86.3% of total assets)
Calculation
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 62, micro). It does better than 85% of them on solvency, 45% on liquidity, 41% on profitability and 59% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as TCS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of TCS itself: 0.2% within 12 months.
Test of the method
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 34,693 companies, not a prediction for TCS. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.08 (4.64 in 2024), above the usual 1.5. Short-term debt is 6.8% and cash 9.5% of total assets. 13.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €307,514
raises risk · 2025 accounts filed 88 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-10-2026, 88 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
88 days late
2024
166 days late
2023
92 days late
2022
93 days late
2021
41 days early
2020
107 days late
2019
152 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 94 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 November (4 of the last 5 accounts filed within 73 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PARAGON CONSULTANTS 99%2021 annual accounts of PARAGON CONSULTANTS
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0806078116
Registered office moved within Kapellen
New registered office: Holleweg 92, 2950 Kapellen · Previous registered office: Roodborstjeslaan 3- 2950 Kapellen · General meeting of 30-08-2023 · Gazette deed
Merger: TCS takes over Paragon Consultants
Issue of 48 shares · Cancellation of 99 shares · Resignation: Paragon Consultants (director) · Gazette deed
Merger proposal: TCS takes over PARAGON CONSULTANTS
Appointment: Kadija Amkhaou, Bedrijfsrevisor BV (statutory auditor) · BAUWENS Tom holds 1 share · PARAGON CONSULTANTS holds 99 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TCS Kapellen | €356,389 | €40,317 | 86.3% | - |
| XADI Olen | €320,152 | €42,522 | 85.0% | - |
| ADVEO Mechelen | €376,468 | €45,626 | 97.1% | - |
| TECHNOLOGY INTEGRATION Evere | €371,980 | €41,740 | 94.4% | - |
| ORKA Supply Chain Consulting Middelkerke | €379,005 | €41,904 | 24.7% | - |
| WATERLOO HILLS Waterloo | €372,905 | €44,195 | 38.2% | - |
| Tailor Made Software Ghent | €347,626 | €42,073 | 95.7% | - |
These companies have the same main activity as TCS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €320,000 and €379,000, founded between 2007 and 2010.
Official details
Source: KBO- Status
- Active since 01-09-2008Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Establishment unit
- 2.174.716.1452950 Kapellen, since 01-09-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2025
Insights on TCS
TCS files the micro format. That format states no turnover. The gross margin fell from €102,693 in 2009 to €40,317 in 2025.
PARAGON CONSULTANTS holds 99% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TCS
- What is the company number of TCS?
- The company number of TCS is 0806.078.116. The VAT number is the same number with BE in front: BE 0806.078.116.
- Where is TCS based?
- The registered office is at Holleweg 92, 2950 Kapellen.Company details
- What does TCS do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of TCS?
- TCS is a private limited company (BV).
- When was TCS founded?
- TCS was founded on 01-09-2008.
- Is TCS still active?
- Yes, TCS is an active enterprise in the KBO register.
- What is the turnover of TCS?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €40,317 and 63 comparable companies (NACE 62200). It probably lies between €110,000 and €190,000.Financials
- Is TCS profitable?
- In financial year 2025, TCS made a profit of €35,242.
- Where can I find the annual accounts of TCS?
- TCS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TCS due?
- TCS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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