TGRS
ActiveTGRS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.18M and a net result of €552k. Equity is growing by ~158.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+18
Solvency65▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 0.26 in 2024; short-term debt: 21.2% and cash: 22.6% of total assets), and 60.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.6%
Return on assets
18.5%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
18 d early
2020
2 d early
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.18M▲ 87.8%
2024 · €629k
2019: €6k
2020: €6k
2021: €18k
2022: €39k
2023: €111k
2024: €629k
2019 → 2025
Total assets
€2.98M▲ 8.5%
2024 · €2.75M
2019: €958k
2020: €2.20M
2021: €1.60M
2022: €1.55M
2023: €1.50M
2024: €2.75M
2019 → 2025
Net result
€552k▲ 399%
2024 · €111k
2019: €278
2020: €-35
2021: €12k
2022: €21k
2023: €73k
2024: €111k
2019 → 2025
Working capital
€133k
2024 · €-254k
2019: €73k
2020: €64k
2021: €-98k
2022: €-118k
2023: €-204k
2024: €-254k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€39k▲ 116%€111k▲ 187%€629k▲ 465%€1.18M▲ 87.8%
Operating result€38k-€80k▲ 109%€139k▲ 72.6%€210k▲ 51.4%€706k▲ 236%
Net result€12k-€21k▲ 80.9%€73k▲ 248%€111k▲ 52.4%€552k▲ 399%
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 has risen four years in a row; 2025 is 236% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.98M
Fixed assets
€2.22M▼ 16.6%
Current assets
€765k▲ 762%
Equity and liabilities €2.98M
Equity
€1.18M▲ 87.8%
Provisions
€47k▼ 3.4%
Debt
€1.75M▼ 15.3%
The debt ratio falls from 75.3% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€790k▲
2024 · €278k
Cash flow
€635k▲
2024 · €178k
Solvency
39.6%▲
2024 · 22.9%
Current ratio
1.21▲
2024 · 0.26
Quick ratio
1.21▲
2024 · 0.26
Debt / equity
1.48▼
2024 · 3.29
ROE
46.7%▲
2024 · 17.6%
ROA
18.5%▲
2024 · 4.0%
Interest coverage
27.44▲
2024 · 11.19
Debt
€1.75M▼
2024 · €2.07M
Debt ≤ 1 year
€632k▲
2024 · €343k
Debt > 1 year
€1.11M▼
2024 · €1.70M
Income taxes
€130k▲
2024 · €77k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.75M€2.98M▲
Fixed assets21/28€2.66M€2.22M▼
Tangible fixed assets22/27€2.09M€2.22M▲
Land and buildings22€2.09M€2.20M▲
Plant, machinery and equipment23€751€3k▲
Furniture and vehicles24-€13k
Financial fixed assets28€563k€421▼
Current assets29/58€89k€765k▲
Amounts receivable within one year40/41€82k€90k▲
Trade receivables40€26k€89k▲
Other amounts receivable41€56k€1k▼
Cash at bank and in hand54/58€2k€673k▲
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.75M€2.98M▲
Equity10/15€629k€1.18M▲
Contributions10/11€68k€68k=
Reserves13€561k€1.11M▲
Non-distributable reserves130/1€6k-
Reserves not available under the articles1311€6k-
Tax-exempt reserves132€148k€142k▼
Distributable reserves133€407k€970k▲
Provisions and deferred taxes16€49k€47k▼
Deferred taxes168€49k€47k▼
Amounts payable17/49€2.07M€1.75M▼
Amounts payable after more than one year17€1.70M€1.11M▼
Financial debts170/4€1.70M€1.11M▼
Amounts payable within one year42/48€343k€632k▲
Current portion of amounts payable after more than one year42€123k€126k▲
Financial debts43€17k€20k▲
Credit institutions430/8€17k€20k▲
Trade debts44€76k€50k▼
Suppliers440/4€76k€50k▼
Taxes, remuneration and social security45€74k€179k▲
Taxes450/3€74k€179k▲
Other amounts payable47/48€53k€258k▲
Accrued charges and deferred income492/3€20k€14k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€84k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€287k€802k▲
Operating profit (loss)9901€210k€706k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€25k€29k▲
Recurring financial charges65€25k€29k▲
Profit (loss) for the period before taxes9903€187k€680k▲
Transfer from deferred taxes780€821€2k▲
Income taxes67/77€77k€130k▲
Profit (loss) for the period9904€111k€552k▲
Transfer from tax-exempt reserves789€2k€5k▲
Profit (loss) for the period to be appropriated9905€113k€557k▲
Appropriation of the result
Profit (loss) to be appropriated9906€113k€557k▲
Transfer to equity691/2€113k€557k▲
To other reserves6921€113k€557k▲
The notes to these accounts (16 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €552k ▲399%
Operating result €706k, net result €552k, both a record.
30-06
Financial
Liquidity times 5current ratio 1.21
Current ratio from 0.26 to 1.21.
30-06
Financial
Equity above €1MEq €1.18M ▲87.8%
5 profitable years in a row build equity to €1.18M.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €500kEq €629k ▲465%
4 profitable years in a row build equity to €629k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100kEq €111k ▲187%
3 profitable years in a row build equity to €111k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €-35 ▼113%
Net result drops to €-35, the lowest in the series; recovery starts the following year.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hasselt · 1 establishment unit since 2018
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.
Albrecht Rodenbachstraat 63500 HasseltGround area
398 m²
Building footprint
120 m²
Volume, LiDAR
1,165 m³
Parcel 71328D0196/00R000, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TGRS
since 20182.273.903.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0196/00R000 | Flanders | 398 m² | 1 · 120 m² | 13.4 m · 4 fl. |
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.
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LEABELL
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GESTONE 4
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Of 9,133 companies in sector 68201 we hold annual accounts for 6,762. 4,729 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2018
Fiscal year end30-06
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.