TICA Brussel

Active

Private limited companyfounded 1985active for 41 yearsAtomiumlaan 1, 1020 Brussel, Belgium19 active companies are registered at this addressKBO/BCE: BE 0428.038.927

Summary

The computed 12-month bankruptcy probability of TICA Brussel is 4.9% (elevated). The 2025 annual accounts show negative equity (-€35,802) and a net result of -€516,811. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 11% of 9,787 sector peers (NACE 46, financial year 2025). The company has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

TICA BrusselActiveChecked score 36/100

Risk analysis Report Compare

Activity

Agents in non-specialised wholesale trade

NACE 46190Non-specialised wholesale trade NACE 46900

1 site

Size

€1.1mturnover 2025

Staff: 4.9 FTE
Equity: -€35,802
Loss: -€516,811

Financial health

36 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 4.9%

Structure

Parent: AGEAS SA
Board: 5 members

2025 accounts 9 days early8 of 15 deeds summarised

Why 36raises riskNegative equity -€35,802Loss of €516,811, the second in a row (financial year 2025)Sector: Wholesale trade (NACE 46)Show the evidence

Checked score

Score 2025

36 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 18% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 22-38

equity -3.1% of total assets

Liquidity 17-52

short-term debt 89.0% · cash 13.0%

Profitability 0-62

return on assets -45.4%

Bankruptcy probability, 12 months

4.9% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,896 companies, NACE 46, micro)

Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024lowest value 01-2025: 0.5%● unchanged vs 12-2024lowest value 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.5%● unchanged vs 02-2025lowest value 04-2025: 0.6%▲ +0.1 percentage points vs 03-2025 05-2025: 0.7%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.5%▼ -0.2 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.6%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%▲ +0.1 percentage points vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 5.9%▲ +5.2 percentage points vs 07-2026highest value 09-2026: 5.9%● unchanged vs 08-2026highest value 10-2026: 4.9%▼ -1.0 percentage point vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.27, compared with 1.34 in 2024, below 1; short-term debt: 89% and cash: 13% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 16% on solvency, 16% on liquidity, 6% on profitability and 34% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

raises riskneutral

Negative equity -€35,802

NBB · annual accounts

Loss of €516,811, the second in a row (financial year 2025)

NBB · annual accounts

Sector: Wholesale trade (NACE 46)

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€35,802

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

9 days early

2024

37 days early

2023

44 days early

2022

38 days early

2021

41 days early

2020

19 days early

2019

45 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 33 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

06-08-2026 Resignation: Property Works B.V. (director)Appointments: RU4U Holding B.V. (director)…
22-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
31-12-2025 Weakest financial yearnet -€516,811

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€35,802 View
Risk: 3 loss-making years in a rowloss financial year 2025 -€516,811 View
Caution: Result fell in 2025from -€82,977 to -€516,811 ▼ 523% View
Caution: Among the weakest 5% on net resultsector median €26,870 · 9,766 companies -€516,811 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by AGEAS SA parent View

By topic

Financials

Financial year: 2025
Turnover: €1.1m
Loss: -€516,811
Solvency: -3.1%

Turnover▲ 5.2%

Net result

20212025

Go to Financials

Board & ownership

Board: 5 members
Parent: AGEAS SA

PROPERTY WORKS BVDirector
Robert Joseph Herman SegersDirector
MC2 B.V.Director
RU4U Holding B.V.Director
MC2 B.V.Director

Go to Board & ownership

Timeline

Events: 45
Since: 1986
Next accounts: by 31-07-2027

24-06-2025Annual accounts filed
31-12-2024Liquidity more than doubled
21-11-2024Permanent representative: Martinus Cliteur

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Agents in non-specialised wholesale tradeNACE 46190
Founded: 12-02-1985
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 13

Who signs: Each director alone
Annual meeting: Last Thursday of May at 11:00
Purpose: “De vennootschap heeft als voorwerp om in België of in het buitenland, voor eigen rekening…” (deed in French)

Go to Articles of association

Key facts about TICA Brussel

What is the company number of TICA Brussel?: 0428.038.927. In Belgium the VAT number is the company number with BE in front: BE 0428.038.927.
Where is TICA Brussel based?: The registered office is at Atomiumlaan 1, 1020 Brussel.Company details
What does TICA Brussel do?: According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
What is the legal form of TICA Brussel?: Private limited company (BV).
When was TICA Brussel founded?: On 12-02-1985.
Is TICA Brussel still active?: Yes, TICA Brussel is an active enterprise in the KBO register.
How many employees does TICA Brussel have?: On average 4.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TICA Brussel?: €1.1m in financial year 2025, according to the filed annual accounts.
Is TICA Brussel profitable?: In financial year 2025, TICA Brussel made a loss of €516,811.
Where can I find the annual accounts of TICA Brussel?: TICA Brussel filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TICA Brussel due?: By 31-07-2027, for financial year 2026.Timeline