TCSG
ActiveSummary
TCSG has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €-8k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+39
Solvency66▲+17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.23 in 2024; short-term debt: 47.1% and cash: 0.2% of total assets), but 59.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year €-8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
58 d late
2022
56 d late
2021
68 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€129k▼ 6.1%
2024 · €138k
2018: €85k
2019: €93k
2020: €106k
2021: €134k
2022: €131k
2023: €152k
2024: €138k
2018 → 2025
Total assets
€319k▼ 44.5%
2024 · €575k
2018: €352k
2019: €306k
2020: €447k
2021: €555k
2022: €473k
2023: €429k
2024: €575k
2018 → 2025
Net result
€-8k▲ 40.3%
2024 · €-14k
2018: €10k
2019: €9k
2020: €13k
2021: €27k
2022: €-2k
2023: €20k
2024: €-14k
2018 → 2025
Working capital
€101k▲ 11.4%
2024 · €91k
2018: €79k
2019: €83k
2020: €86k
2021: €113k
2022: €95k
2023: €129k
2024: €91k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€131k▼ 1.7%€152k▲ 15.3%€138k▼ 9.3%€129k▼ 6.1%
Operating result€37k-€584▼ 98.4%€30k▲ 5,023%€-14k€-6k▲ 60.8%
Net result€27k-€-2k€20k€-14k€-8k▲ 40.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319k
Fixed assets
€68k ▼ 25.4%
Current assets
€251k ▼ 48.1%
Equity and liabilities €319k
Equity
€129k ▼ 6.1%
Debt
€190k ▼ 56.6%
Debt's share of the balance-sheet total falls from 76.1% to 59.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €-2k
Cash flow
€11k▲
2024 · €-1k
Current ratio
1.67▲
2024 · 1.23
Quick ratio
1.26▲
2024 · 1.08
Debt to equity
1.47▼
2024 · 3.18
ROE
-6.5%▲
2024 · -10.2%
ROA
-2.6%▼
2024 · -2.4%
Interest coverage
4.69▲
2024 · -0.94
Debt ≤ 1 year
€150k▼
2024 · €393k
Debt > 1 year
€40k▼
2024 · €44k
Staff costs
€62k▼
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€575k€319k▼
Fixed assets21/28€91k€68k▼
Tangible fixed assets22/27€89k€67k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€260€9k▲
Leasing and similar rights25€78k€51k▼
Financial fixed assets28€1k€383▼
Current assets29/58€484k€251k▼
Stocks and contracts in progress3€58k€62k▲
Stocks30/36€58k€62k▲
Amounts receivable within one year40/41€324k€187k▼
Trade receivables40€312k€74k▼
Other amounts receivable41€12k€113k▲
Cash at bank and in hand54/58€102k€637▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€575k€319k▼
Equity10/15€138k€129k▼
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Profit (loss) carried forward14€117k€109k▼
Amounts payable17/49€437k€190k▼
Amounts payable after more than one year17€44k€40k▼
Financial debts170/4€44k€40k▼
Amounts payable within one year42/48€393k€150k▼
Current portion of amounts payable after more than one year42€14k€9k▼
Financial debts43€8k-
Credit institutions430/8€8k-
Trade debts44€37k€25k▼
Suppliers440/4€37k€25k▼
Advances received on contracts in progress46€117k€8k▼
Taxes, remuneration and social security45€15k€10k▼
Taxes450/3€7k€2k▼
Remuneration and social security454/9€8k€8k▼
Other amounts payable47/48€203k€99k▼
Income statement
Code20242025
Non-recurring operating income76A-€24k
Remuneration, social security and pensions62€68k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€19k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€68k€77k▲
Operating profit (loss)9901€-14k€-6k▲
Financial income75/76B€2k€69▼
Recurring financial income75€2k€69▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-14k€-8k▲
Profit (loss) for the period9904€-14k€-8k▲
Profit (loss) for the period to be appropriated9905€-14k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€109k▼
Profit (loss) brought forward from the previous period14P€131k€117k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-14k ▼170%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Equity above €150kEq €152k ▲15.3%
Equity rises from €131k to €152k.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
31-12
Financial
Highest result since 2018net €27k ▲111%
Operating result €37k, net result €27k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €100kEq €106k ▲13.8%
3 profitable years in a row build equity to €106k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Show earlier events
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Charleroi · 1 establishment unit since 2000
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.
Chaussée de Nivelles 2276041 CharleroiGround area
140 m²
Building footprint
99 m²
Parcel 52028A0391/00F018, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Nivelles 227, 6041 Charleroi
since 20002.096.856.819
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028A0391/00F018 | Wallonia | 140 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BETOCARE
BE 0719.452.562
Roeselare · Eq €129,176
G.C.M
BE 0441.697.319
Vorst · Eq €129,123
HUFKENS
BE 0885.060.365
Westerlo · Eq €129,211
HAEMERS ENTREPRISES
BE 0434.955.720
Sint-Genesius-Rode · Eq €129,104
PINTENS
BE 0474.897.944
Beveren · Eq €129,254
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
68321Property management for co-owned buildings (syndics)
43120Site preparation
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.