TIAO
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-03-2026, 123 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
123 d early
2024
40 d late
2023
21 d early
2022
12 d early
2021
31 d early
2020
9 d early
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days before 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 (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. Usually files around 11 July (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€87,313
2024 · -€191,696
Working capital
€1,205
2024 · -€201,984
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
Line20212022202320242025
Operating result-€267,197▼ 58.2%-€240,167▲ 10.1%-€122,790▲ 48.9%-€148,469▼ 20.9%€91,531
Net result-€269,999▼ 59.5%-€267,578▲ 0.9%-€156,827▲ 41.4%-€191,696▼ 22.2%€87,313
Equity€523,666▼ 34.0%€256,088▼ 51.1%€99,261▼ 61.2%-€92,435€1,205
Total assets€629,144▼ 29.5%€517,463▼ 17.8%€375,711▼ 27.4%€270,271▼ 28.1%€5,807▼ 97.9%
Debt€105,478▲ 6.8%€261,375▲ 148%€276,450▲ 5.8%€362,706▲ 31.2%€4,602▼ 98.7%
Working capital€85,877▼ 84.7%-€152,741-€160,629▼ 5.2%-€201,984▼ 25.7%€1,205
Staff (FTE)5▼ 12.3%2.3▼ 54.0%0.7▼ 69.6%1.1▲ 57.1%0.1▼ 90.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €91,531 after a loss of €148,469 in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €5,807
Equity
€1,205
Debt
€4,602
Debt finances 79.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€283,094▲
2024 · -€12,213
Cash flow
€278,877▲
2024 · -€55,440
Current ratio
1.26▲
2024 · 0.27
Debt to equity
3.82▲
2024 · -3.92
Interest coverage
62.91▲
2024 · -0.28
Debt ≤ 1 year
€4,602▼
2024 · €275,772
Staff costs
€8,440▼
2024 · €26,376
A ratio outside any meaningful range has been withheld (balance sheet total €5,807, equity €1,205).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €50 | €343,832 | ▲ 687,563% |
| Remuneration, social security and pensions62 | €199,272 | €103,588 | €23,600 | €26,376 | €8,440 | ▼ 68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114,762 | €151,837 | €143,691 | €136,256 | €191,564 | ▲ 40.6% |
| Other operating charges640/8 | €423 | €1,093 | €470 | €832 | €1,235 | ▲ 48.3% |
| Non-recurring operating charges66A | €1,677 | - | - | - | - | - |
| Gross operating margin9900 | €48,938 | €16,350 | €44,971 | €14,996 | €292,769 | ▲ 1,852% |
| Operating profit (loss)9901 | -€267,197 | -€240,167 | -€122,790 | -€148,469 | €91,531 | ▲ 162% |
| Financial income75/76B | €108 | €442 | €1,072 | €1,054 | €282 | ▼ 73.2% |
| Recurring financial income75 | €108 | €442 | €1,072 | €1,054 | €282 | ▼ 73.2% |
| Financial charges65/66B | €2,911 | €27,853 | €35,109 | €44,281 | €4,500 | ▼ 89.8% |
| Recurring financial charges65 | €2,911 | €27,853 | €35,109 | €44,281 | €4,500 | ▼ 89.8% |
| Profit (loss) for the period before taxes9903 | -€269,999 | -€267,578 | -€156,827 | -€191,696 | €87,313 | ▲ 146% |
| Profit (loss) for the period9904 | -€269,999 | -€267,578 | -€156,827 | -€191,696 | €87,313 | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | -€269,999 | -€267,578 | -€156,827 | -€191,696 | €87,313 | ▲ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €629,144 | €517,463 | €375,711 | €270,271 | €5,807 | ▼ 97.9% |
| Fixed assets21/28 | €467,686 | €443,665 | €315,992 | €196,484 | - | - |
| Intangible fixed assets21 | €463,670 | €442,438 | €315,853 | €196,484 | - | - |
| Tangible fixed assets22/27 | €4,016 | €1,227 | €139 | - | - | - |
| Furniture and vehicles24 | €4,016 | €1,227 | €139 | - | - | - |
| Current assets29/58 | €161,458 | €73,798 | €59,719 | €73,787 | €5,807 | ▼ 92.1% |
| Amounts receivable within one year40/41 | €43,612 | €33,468 | €41,772 | €62,739 | €2,596 | ▼ 95.9% |
| Trade receivables40 | €27,676 | €25,603 | €35,782 | €59,256 | - | - |
| Other amounts receivable41 | €15,935 | €7,865 | €5,990 | €3,483 | €2,596 | ▼ 25.5% |
| Cash at bank and in hand54/58 | €115,835 | €33,947 | €17,243 | €10,118 | €3,211 | ▼ 68.3% |
| Deferred charges and accrued income490/1 | €2,010 | €6,382 | €704 | €931 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €629,144 | €517,463 | €375,711 | €270,271 | €5,807 | ▼ 97.9% |
| Equity10/15 | €523,666 | €256,088 | €99,261 | -€92,435 | €1,205 | ▲ 101% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | -€741,286 | -€1.0m | -€1.2m | -€1.4m | -€1.3m | ▲ 6.9% |
| Amounts payable17/49 | €105,478 | €261,375 | €276,450 | €362,706 | €4,602 | ▼ 98.7% |
| Amounts payable within one year42/48 | €75,581 | €226,539 | €220,349 | €275,772 | €4,602 | ▼ 98.3% |
| Trade debts44 | €58,027 | €20,923 | €18,916 | €75,253 | €4,602 | ▼ 93.9% |
| Suppliers440/4 | €58,027 | €20,923 | €18,916 | €75,253 | €4,602 | ▼ 93.9% |
| Taxes, remuneration and social security45 | €17,284 | €5,615 | €1,433 | €519 | - | - |
| Taxes450/3 | - | €249 | - | - | - | - |
| Remuneration and social security454/9 | €17,284 | €5,367 | €1,433 | €519 | - | - |
| Other amounts payable47/48 | €270 | €200,000 | €200,000 | €200,000 | - | - |
| Accrued charges and deferred income492/3 | €29,897 | €34,836 | €56,102 | €86,935 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€269,999 | -€267,578 | -€156,827 | -€191,696 | €87,313 | ▲ 146% |
| + Depreciation and write-downs630 | €114,762 | €151,837 | €143,691 | €136,256 | €191,564 | ▲ 40.6% |
| Operating cash flow (approximation) | -€155,237 | -€115,741 | -€13,136 | -€55,440 | €278,877 | ▲ 603% |
| Investment in fixed assets (approximation) | - | -€127,816 | -€16,017 | -€16,748 | - | - |
| Change in cash | - | -€81,888 | -€16,704 | -€7,126 | -€6,907 | ▲ 3.1% |
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
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €87,313
Net result €87,313 after 7 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.26
Current ratio from 0.27 to 1.26; short-term debt falls from €275,772 to €4,602.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 40 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€269,999
Net result drops to -€269,999, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 13.91
Current ratio from 6.36 to 13.91.
31-12
Financial
Equity above €500,000Eq €793,665 ▲154%
Equity rises from €313,044 to €793,665.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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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Structure & network
Owners and holdings
2 ownersOwners 2
-
24.79%
-
9.92%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.