Age27 yrs
Real estate2 parcels · 5,926 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for TELECOM & SECURITY SYSTEMS according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €631k and a net result of €-14k.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 event27-03-2026
Bankruptcy
Opening
Signals
1 signal · with evidencePersistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 28 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 27-11-2025 | 119 d late | 2025-00571544 |
| 31-12-2023 | 31-07-2024 | 27-09-2025 | 423 d late | 2025-00506774 |
| 31-12-2022 | 31-07-2023 | 31-01-2024 | 184 d late | 2024-00015782 |
| 31-12-2021 | 31-07-2022 | 31-01-2024 | 549 d late | 2024-00015659 |
| 31-12-2020 | 31-07-2021 | 09-02-2022 | 193 d late | 2022-05200239 |
| 31-12-2019 | 31-07-2020 | 09-02-2022 | 558 d late | 2022-05200238 |
| 31-12-2018 | 31-07-2019 | 09-02-2022 | 924 d late | 2022-05200237 |
| 31-12-2017 | 31-07-2018 | 09-02-2022 | 1289 d late | 2022-05200236 |
| 31-12-2016 | 31-07-2017 | 09-02-2022 | 1654 d late | 2022-05200232 |
| 31-12-2015 | 31-07-2016 | 09-02-2022 | 2019 d late | 2022-05200222 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-14k+46.9%
Working capital€286k-3.2%
Directors1
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 27-11-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.1% | 34.8% | |
| Net result | €-14k | €15k | |
| Equity | €631k | €79k | |
| Gross operating margin | €-7k | €81k | |
| Total assets | €809k | €314k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P82
Stable position over 2020-2024
· n=143-563
P28
Stable position over 2020-2024
· n=143-563
P85
Stable position over 2020-2024
· n=143-563
P14
Stable position over 2020-2024
· n=143-562
Describes the position versus peers, not a forecast.
€-7k
-
18-24
€-14k
+46.9%
18-24
€-7k
-
18-24
€809k
-4.2%
18-24
€631k
-2.2%
18-24
€286k
-3.2%
18-24
€177k
-10.5%
18-24
€168k
+7.0%
18-24
Show 7 other metrics
€177k
-10.5%
18-24
2.70
-6.2%
18-24
1.74
-6.1%
18-24
78.1%
+2.0%
18-24
0.28
-8.5%
18-24
-2.2%
+45.7%
18-24
-1.7%
+44.6%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-7k |
| Net profit | €-14k |
| Cash flow | €-7k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €809k |
| Equity | €631k |
| Debt | €177k |
| of which ≤ 1y | - |
| of which > 1y | €177k |
| Working capital | - |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | - |
| Quick ratio | - |
| Working capital ratio | - |
| Solvency | 78.1% |
| Debt / equity | 0.28 |
| Long-term debt ratio | 0.28 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -1.7% |
| ROE | -2.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €809k |
| Fixed assets | 21/28 | €383k |
| Intangible fixed assets | 21 | €383k |
| Tangible fixed assets | 22/27 | €0 |
| Current assets | 29/58 | €426k |
| Stocks & contracts in progress | 3 | €161k |
| Amounts receivable within one year | 40/41 | €265k |
| Cash & bank | 54/58 | €0 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €809k |
| Equity | 10/15 | €631k |
| Contributions / capital | 10/11 | €1.30M |
| Accumulated profits (losses) | 14 | €-669k |
| Amounts payable | 17/49 | €177k |
| Amounts payable after one year | 17 | €177k |
| Income statement | ||
| Gross operating margin | 9900 | €-7k |
| Operating result | 9901 | €-14k |
| Result before taxes | 9903 | €-14k |
| Net result for the period | 9904 | €-14k |
| Result to be appropriated | 9905 | €-14k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed0
/ 100
Critical
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
Not yet read from the acts
4 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | DOMINIQUE CLAES MECHELSESTEENWEG 12 /6,
2000 ANTWERPEN 1 |
23-03-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Ontwerpen van computerprogramma’s(62100) |
| Legal form | Public limited company(014) |
| Incorporation | 01-06-1999 |
| Status | Active |
| Postal code | 2520 |
| First insolvency signal | 27-03-2026 |
| Latest insolvency signal | 27-03-2026 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationISD-G NV
since 19992.091.350.088
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area5,926 m²
Buildings2
Building footprint2,949 m²
Volume (LiDAR)658 m³
Tallest building9.0 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031C0384/00Y000 | Flanders | 5,607 m² | 1 · 2,829 m² | - |
| 11512B0349/00E002 | Flanders | 319 m² | 1 · 119 m² | 9.0 m · 3 fl. |
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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette27-03-2026
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 act Address history · 1
21-06-2023
Registered-office move
All acts · 1
updated 3 years ago
2023
21-06-2023 Registered office moved to Ranst
- 2520 Ranst, Vaartstraat 191B
Notary:
LUC MOORTGAT · GeelFirm:
Balans Notarissen
Analysis
Financial profile
5 of 5 axes measured32
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
100
Growth
58
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 2,813 of the 16,818 companies in this sector. 1,333 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige advisering in verband met programmatuur en levering van programmatuur72220
Primary activity highlighted.
Names & trade names
| Legal nameNL | TELECOM & SECURITY SYSTEMS |
| AbbreviationNL | TSS |
Registered office
Vaartstraat 191B
2520 Ranst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.