TIANCO
InactiveTIANCO was declared bankrupt on 07-05-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 16-12-2025, published in the Belgian State Gazette on 19-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-06-2024, 306 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
306 d late
2021
654 d late
2020
1036 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 507 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Turnover
€45,169▲ 31.7%
2021 · €34,306
EBIT margin
2.9%▼ 11.5pp
2021 · 14.4%
Net result
€1,397▼ 71.1%
2021 · €4,832
Working capital
€1,208
2021 · -€3,291
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€51,572-€52,545▲ 1.9%€11,204▼ 78.7%€34,306▲ 206%€45,169▲ 31.7%
Operating result€5,000-€6,164▲ 23.3%-€10,864€4,937€1,325▼ 73.2%
Net result€2,823-€4,134▲ 46.5%-€11,063€4,832€1,397▼ 71.1%
EBIT margin9.7%-11.7%▲ 2.0pp-97.0%▼ 108.7pp14.4%▲ 111.4pp2.9%▼ 11.5pp
Equity€15,790-€19,925▲ 26.2%€8,862▼ 55.5%€13,694▲ 54.5%€15,090▲ 10.2%
Total assets€24,881-€24,999▲ 0.5%€26,499▲ 6.0%€26,014▼ 1.8%€32,693▲ 25.7%
Debt€9,091-€5,074▼ 44.2%€17,637▲ 248%€12,321▼ 30.1%€17,603▲ 42.9%
Working capital€11,044-€12,496▲ 13.1%-€9,310-€3,291▲ 64.6%€1,208
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 73% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €32,693
Fixed assets
€13,882 ▼ 18.3%
Current assets
€18,811 ▲ 108%
Equity and liabilities €32,693
Equity
€15,090 ▲ 10.2%
Debt
€17,603 ▲ 42.9%
Debt's share of the balance-sheet total rises from 47.4% to 53.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,688▼
2021 · €11,224
Cash flow
€8,761▼
2021 · €11,118
Current ratio
1.07▲
2021 · 0.73
Debt to equity
1.17▲
2021 · 0.90
ROE
9.3%▼
2021 · 35.3%
ROA
4.3%▼
2021 · 18.6%
Interest coverage
221.14▲
2021 · 165.06
Debt ≤ 1 year
€17,603▲
2021 · €12,321
Income taxes
€354▲
2021 · €38
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €51,572 | €52,545 | €11,204 | €34,306 | €45,169 | ▲ 31.7% |
| Non-recurring operating income76A | - | - | €835 | €5,386 | €1,957 | ▼ 63.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €21,611 | €26,918 | €34,041 | ▲ 26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,315 | €1,037 | - | €6,287 | €7,364 | ▲ 17.1% |
| Other operating charges640/8 | - | - | €1,291 | €1,550 | €4,396 | ▲ 184% |
| Gross operating margin9900 | €14,472 | €8,444 | -€9,572 | €12,774 | €13,085 | ▲ 2.4% |
| Operating profit (loss)9901 | €5,000 | €6,164 | -€10,864 | €4,937 | €1,325 | ▼ 73.2% |
| Financial income75/76B | - | - | €0 | - | €465 | - |
| Recurring financial income75 | €706 | €0 | €0 | - | €465 | - |
| Financial charges65/66B | - | - | €145 | €68 | €39 | ▼ 42.2% |
| Recurring financial charges65 | €324 | €200 | €145 | €68 | €39 | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €5,382 | €5,964 | -€11,008 | €4,869 | €1,751 | ▼ 64.0% |
| Income taxes67/77 | €2,559 | €1,830 | €54 | €38 | €354 | ▲ 835% |
| Profit (loss) for the period9904 | €2,823 | €4,134 | -€11,063 | €4,832 | €1,397 | ▼ 71.1% |
| Profit (loss) for the period to be appropriated9905 | €2,823 | €4,134 | -€11,063 | €4,832 | €1,397 | ▼ 71.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,881 | €24,999 | €26,499 | €26,014 | €32,693 | ▲ 25.7% |
| Fixed assets21/28 | €4,746 | €7,429 | €23,272 | €16,985 | €13,882 | ▼ 18.3% |
| Tangible fixed assets22/27 | €2,886 | €1,849 | €17,692 | €11,405 | €8,302 | ▼ 27.2% |
| Plant, machinery and equipment23 | - | - | €11,738 | €7,856 | €3,944 | ▼ 49.8% |
| Furniture and vehicles24 | - | - | €3,558 | €2,297 | €4,027 | ▲ 75.3% |
| Other tangible fixed assets26 | - | - | €2,396 | €1,251 | €332 | ▼ 73.5% |
| Financial fixed assets28 | €1,860 | €5,580 | €5,580 | €5,580 | €5,580 | = |
| Current assets29/58 | €20,135 | €17,570 | €3,227 | €9,029 | €18,811 | ▲ 108% |
| Amounts receivable within one year40/41 | €6,578 | €7,825 | €2,894 | €8,661 | €18,464 | ▲ 113% |
| Trade receivables40 | - | - | €1,910 | - | €10,861 | - |
| Other amounts receivable41 | - | - | €984 | €8,661 | €7,603 | ▼ 12.2% |
| Current investments50/53 | - | - | - | €34 | - | - |
| Cash at bank and in hand54/58 | €101 | €1,472 | €10 | - | €0 | - |
| Deferred charges and accrued income490/1 | - | - | €323 | €334 | €346 | ▲ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,881 | €24,999 | €26,499 | €26,014 | €32,693 | ▲ 25.7% |
| Equity10/15 | €15,790 | €19,925 | €8,862 | €13,694 | €15,090 | ▲ 10.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - |
| Legal reserve130 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€4,670 | -€535 | -€11,598 | -€6,766 | -€5,370 | ▲ 20.6% |
| Amounts payable17/49 | €9,091 | €5,074 | €17,637 | €12,321 | €17,603 | ▲ 42.9% |
| Amounts payable after more than one year17 | - | - | €5,000 | - | - | - |
| Financial debts170/4 | - | - | €5,000 | - | - | - |
| Amounts payable within one year42/48 | €9,091 | €5,074 | €12,537 | €12,321 | €17,603 | ▲ 42.9% |
| Trade debts44 | €1,427 | €1,245 | €619 | €8,034 | €15,197 | ▲ 89.1% |
| Suppliers440/4 | - | - | €619 | €8,034 | €15,197 | ▲ 89.1% |
| Taxes, remuneration and social security45 | - | - | - | €3,436 | €2,406 | ▼ 30.0% |
| Taxes450/3 | - | - | - | €52 | €2,406 | ▲ 4,517% |
| Remuneration and social security454/9 | - | - | - | €3,384 | - | - |
| Other amounts payable47/48 | - | - | €11,918 | €850 | - | - |
| Accrued charges and deferred income492/3 | - | - | €100 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,823 | €4,134 | -€11,063 | €4,832 | €1,397 | ▼ 71.1% |
| + Depreciation and write-downs630 | €7,315 | €1,037 | - | €6,287 | €7,364 | ▲ 17.1% |
| Operating cash flow (approximation) | €10,138 | €5,171 | -€11,063 | €11,118 | €8,761 | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | -€3,719 | -€15,843 | €0 | -€4,261 | - |
| Change in cash | - | €1,371 | -€1,462 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 16-12-2025
2024
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 306 days late
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1036 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 654 days late
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 07-05-2024
2021
31-12
Financial
Back to profitnet €4,832
Net result €4,832 after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet -€11,063
Net result drops to -€11,063, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 167 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOKE DE PAEPE ZEISTRAAT 1A, 9850 NEVELE- |
07-05-2024 → 16-12-2025 |