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TECHNICAL CONSULTING ASSOCIATES

Active
Private limited company (pre-2019)founded 200125 yrs activeAvenue Prince Albert 30, 1410 Waterloo, BelgiumKBO/BCE: BE 0474.868.547

TECHNICAL CONSULTING ASSOCIATES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €180k and a net result of €3k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 18490 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2023
94 / 100
Excellent▲ +8 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability8▲+5
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days only on tighter terms
Liquidity ample (current ratio 2.2 against 4.69 in 2022), and 35.2% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 25 years 0 30 y
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 2023
Solvency, return and age of the figures
Solvency
64.8%
Return on assets
1.1%
Age of the figures
33 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-10-2024, 90 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 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
90 d late
2022
308 d late
2021
673 d late
2020
31 d late
2019
91 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Equity
€180k▲ 1.7%
2022 · €177k
2018: €71k 2019: €78k 2020: €121k 2021: €176k 2022: €177k
2018 → 2023
Total assets
€278k▲ 27.3%
2022 · €219k
2018: €121k 2019: €130k 2020: €176k 2021: €224k 2022: €219k
2018 → 2023
Net result
€3k▲ 214%
2022 · €947
2018: €12k 2019: €7k 2020: €43k 2021: €56k 2022: €947
2018 → 2023
Working capital
€117k▼ 22.8%
2022 · €152k
2018: €71k 2019: €78k 2020: €104k 2021: €143k 2022: €152k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20192020202120222023Trend
Equity€78k-€121k▲ 55.0%€176k▲ 46.3%€177k▲ 0.5%€180k▲ 1.7%
Operating result€3k-€56k▲ 1,590%€72k▲ 28.3%€16k▼ 77.2%€15k▼ 8.3%
Net result€7k-€43k▲ 538%€56k▲ 30.6%€947▼ 98.3%€3k▲ 214%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40k€60k€80kOperating result 2019: €3k€3kNet result 2019: €7k€7kOperating result 2020: €56k€56kNet result 2020: €43k€43kOperating result 2021: €72k€72kNet result 2021: €56k€56kOperating result 2022: €16k€16kNet result 2022: €947€947Operating result 2023: €15k€15kNet result 2023: €3k€3k20192020202120222023
The operating result has fallen two years in a row; 2023 is 8% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €278k
Fixed assets €63k▲ 151%
Current assets €216k▲ 11.4%
Equity and liabilities €278k
Equity €180k▲ 1.7%
Debt €98k▲ 138%
The debt ratio rises from 18.9% to 35.2%: debt grows faster than equity.
Key figures and ratios
2023 value · change against 2022
EBITDA
€31k
2022 · €34k
Cash flow
€19k
2022 · €19k
Solvency
64.8%
2022 · 81.1%
Current ratio
2.20
2022 · 4.69
Quick ratio
2.20
2022 · 4.69
Debt / equity
0.54
2022 · 0.23
ROE
1.6%
2022 · 0.5%
ROA
1.1%
2022 · 0.4%
Interest coverage
150.40
2022 · 33.00
Debt
€98k
2022 · €41k
Debt ≤ 1 year
€98k
2022 · €41k
Income taxes
€20k
2022 · €22k
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 · 2023 against 2022
Balance sheet Code20222023
Assets
Total assets20/58€219k€278k
Fixed assets21/28€25k€63k
Tangible fixed assets22/27€25k€63k
Furniture and vehicles24€21k€59k
Other tangible fixed assets26€4k€4k
Financial fixed assets28€120€120=
Current assets29/58€194k€216k
Amounts receivable within one year40/41€157k€186k
Trade receivables40€21k€19k
Other amounts receivable41€137k€167k
Cash at bank and in hand54/58€36k€29k
Equity and liabilities
Total equity and liabilities10/49€219k€278k
Equity10/15€177k€180k
Contributions10/11€7k€7k=
Capital10€7k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€14k€14k=
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133€12k€14k
Profit (loss) carried forward14€157k€160k
Amounts payable17/49€41k€98k
Amounts payable within one year42/48€41k€98k
Financial debts43€49€49=
Credit institutions430/8€49€49=
Trade debts44€10k€55k
Suppliers440/4€10k€55k
Taxes, remuneration and social security45€32k€43k
Taxes450/3€32k€43k
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€16k
Other operating charges640/8€6k€8k
Gross operating margin9900€40k€39k
Operating profit (loss)9901€16k€15k
Financial income75/76B€7k€8k
Recurring financial income75€7k€8k
Financial charges65/66B€1k€207
Recurring financial charges65€1k€207
Profit (loss) for the period before taxes9903€23k€23k
Income taxes67/77€22k€20k
Profit (loss) for the period9904€947€3k
Profit (loss) for the period to be appropriated9905€947€3k
Appropriation of the result
Profit (loss) to be appropriated9906€157k€160k
Profit (loss) brought forward from the previous period14P€156k€157k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2024
29-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
03-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 308 days late
03-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 673 days late
2022
31-12
Financial Weakest financial yearnet €947 ▼98.3%
Net result drops to €947, the lowest in the series; recovery starts the following year.
2021
31-12
Financial Highest result since 2018net €56k ▲30.6%
Operating result €72k, net result €56k, both a record.
31-12
Financial Equity above €150kEq €176k ▲46.3%
4 profitable years in a row build equity to €176k.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial Equity above €100kEq €121k ▲55%
3 profitable years in a row build equity to €121k.
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
19-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 19 days late
2015
19-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 19 days late
2014
22-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 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, Waterloo · 1 establishment unit since 2001
establishment The establishment unit on the map
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.

Avenue Prince Albert 301410 Waterloo
Ground area
993 m²
Building footprint
279 m²
Volume, LiDAR
1,912 m³
2 parcels, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Albert Ier 165, 1332 Rixensart
Scientific research and development
since 20012.094.455.078
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25110A0654/00C000 Wallonia 822 m² 1 · 106 m² 8.6 m · 2 fl.
25033A0074/00_000 Wallonia 170 m² 1 · 174 m² 9.6 m · 2 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.

Similar companies · same sector, comparable size

Of 29,889 companies in sector 62200 we hold annual accounts for 18,319. 15,060 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded23-05-2001
Fiscal year end31-12
Abbreviation FR TCA
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.