TICO
ActiveSummary
TICO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,294 and a net result of €18,266. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 1323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 7.9 against 3.62 in 2024; short-term debt: 9.8% and cash: 53.3% of total assets), and 9.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← 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
90.1%
Return on assets
30.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
33 d early
2022
20 d early
2021
5 d early
2019
29 d late
2018
28 d 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 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€53,294▲ 51.8%
2024 · €35,104
Total assets
€59,174▲ 38.4%
2024 · €42,754
Net result
€18,266▼ 34.5%
2024 · €27,902
Working capital
€40,032▲ 99.9%
2024 · €20,031
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€60,933-€23,646▼ 61.2%€27,971▲ 18.3%€28,885▲ 3.3%€18,810▼ 34.9%
Net result€58,330above the sector's middle half-€23,101within the sector's middle half▼ 60.4%€27,287above the sector's middle half▲ 18.1%€27,902above the sector's middle half▲ 2.3%€18,266within the sector's middle half▼ 34.5%
Equity€11,814within the sector's middle half-€34,915within the sector's middle half▲ 196%€62,202within the sector's middle half▲ 78.2%€35,104within the sector's middle half▼ 43.6%€53,294within the sector's middle half▲ 51.8%
Total assets€37,302below the sector's middle half-€42,077below the sector's middle half▲ 12.8%€71,017below the sector's middle half▲ 68.8%€42,754below the sector's middle half▼ 39.8%€59,174below the sector's middle half▲ 38.4%
Debt€25,488-€7,162▼ 71.9%€8,815▲ 23.1%€7,651▼ 13.2%€5,879▼ 23.2%
Working capital€10,867within the sector's middle half-€33,597within the sector's middle half▲ 209%€54,650above the sector's middle half▲ 62.7%€20,031within the sector's middle half▼ 63.3%€40,032above the sector's middle half▲ 99.9%
Solvency31.7%within the sector's middle half-83.0%above the sector's middle half▲ 51.3pp87.6%above the sector's middle half▲ 4.6pp82.1%above the sector's middle half▼ 5.5pp90.1%above the sector's middle half▲ 8.0pp
Current ratio1.43within the sector's middle half-5.69above the sector's middle half▲ 4.267.20above the sector's middle half▲ 1.513.62above the sector's middle half▼ 3.587.90above the sector's middle half▲ 4.28
Return on assets (ROA)156.4%above the sector's middle half-54.9%above the sector's middle half▼ 101.5pp38.4%above the sector's middle half▼ 16.5pp65.3%above the sector's middle half▲ 26.8pp30.9%above the sector's middle half▼ 34.4pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,174
Fixed assets
€13,337 ▼ 11.5%
Current assets
€45,836 ▲ 65.6%
Equity and liabilities €59,174
Equity
€53,294 ▲ 51.8%
Debt
€5,879 ▼ 23.2%
Debt's share of the balance-sheet total falls from 17.9% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,746▼
2024 · €31,739
Cash flow
€21,202▼
2024 · €30,756
Debt to equity
0.11▼
2024 · 0.22
ROE
34.3%▼
2024 · 79.5%
Interest coverage
45.91▼
2024 · 61.16
Debt ≤ 1 year
€5,804▼
2024 · €7,651
Income taxes
€194▼
2024 · €552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,830 | €1,248 | €1,256 | €2,854 | €2,936 | ▲ 2.9% |
| Other operating charges640/8 | - | €1,256 | €742 | €1,243 | €608 | ▼ 51.1% |
| Non-recurring operating charges66A | - | €0 | - | €143 | €0 | ▼ 100% |
| Gross operating margin9900 | €92,047 | €26,151 | €29,969 | €33,125 | €22,353 | ▼ 32.5% |
| Operating profit (loss)9901 | €60,933 | €23,646 | €27,971 | €28,885 | €18,810 | ▼ 34.9% |
| Financial income75/76B | - | €1 | €19 | €88 | €123 | ▲ 40.1% |
| Recurring financial income75 | €13 | €1 | €19 | €88 | €123 | ▲ 40.1% |
| Financial charges65/66B | - | €546 | €506 | €519 | €474 | ▼ 8.7% |
| Recurring financial charges65 | €2,681 | €546 | €506 | €519 | €474 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €58,265 | €23,101 | €27,485 | €28,454 | €18,459 | ▼ 35.1% |
| Income taxes67/77 | -€65 | €0 | €198 | €552 | €194 | ▼ 64.9% |
| Profit (loss) for the period9904 | €58,330 | €23,101 | €27,287 | €27,902 | €18,266 | ▼ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €58,330 | €23,101 | €27,287 | €27,902 | €18,266 | ▼ 34.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,302 | €42,077 | €71,017 | €42,754 | €59,174 | ▲ 38.4% |
| Fixed assets21/28 | €947 | €1,318 | €7,551 | €15,073 | €13,337 | ▼ 11.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €947 | €1,318 | €7,551 | €15,073 | €13,337 | ▼ 11.5% |
| Land and buildings22 | - | €111 | €71 | €30 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €81 | €0 | - | €1,033 | - |
| Furniture and vehicles24 | - | €1,126 | €4,997 | €6,787 | €4,928 | ▼ 27.4% |
| Other tangible fixed assets26 | - | - | €2,484 | €8,255 | €7,376 | ▼ 10.7% |
| Current assets29/58 | €36,355 | €40,758 | €63,466 | €27,681 | €45,836 | ▲ 65.6% |
| Amounts receivable within one year40/41 | €30,537 | €13,731 | €0 | €6 | €12,202 | ▲ 214,341% |
| Trade receivables40 | - | €11,495 | €0 | - | €12,200 | - |
| Other amounts receivable41 | - | €2,236 | €0 | €6 | €2 | ▼ 61.3% |
| Cash at bank and in hand54/58 | €4,238 | €25,634 | €60,748 | €24,831 | €31,511 | ▲ 26.9% |
| Deferred charges and accrued income490/1 | - | €1,392 | €2,718 | €2,845 | €2,124 | ▼ 25.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,302 | €42,077 | €71,017 | €42,754 | €59,174 | ▲ 38.4% |
| Equity10/15 | €11,814 | €34,915 | €62,202 | €35,104 | €53,294 | ▲ 51.8% |
| Contributions10/11 | - | €143,550 | €143,550 | €91,300 | €91,300 | = |
| Reserves13 | €7,065 | €7,065 | €7,065 | €4,315 | €4,315 | = |
| Distributable reserves133 | - | €7,065 | €7,065 | €4,315 | €4,315 | = |
| Profit (loss) carried forward14 | -€138,801 | -€115,700 | -€88,413 | -€60,511 | -€42,321 | ▲ 30.1% |
| Amounts payable17/49 | €25,488 | €7,162 | €8,815 | €7,651 | €5,879 | ▼ 23.2% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €25,488 | €7,162 | €8,815 | €7,651 | €5,804 | ▼ 24.1% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Financial debts43 | - | €0 | €361 | €2,354 | €249 | ▼ 89.4% |
| Credit institutions430/8 | - | €0 | €361 | €2,354 | €249 | ▼ 89.4% |
| Trade debts44 | €1,924 | €4,631 | €4,056 | €1,954 | €3,524 | ▲ 80.3% |
| Suppliers440/4 | - | €4,631 | €4,056 | €1,954 | €3,524 | ▲ 80.3% |
| Taxes, remuneration and social security45 | - | €2,530 | €2,024 | €2,189 | €1,964 | ▼ 10.3% |
| Taxes450/3 | - | €2,530 | €2,024 | €2,189 | €1,964 | ▼ 10.3% |
| Other amounts payable47/48 | - | €0 | €2,374 | €1,153 | €67 | ▼ 94.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €75 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,330 | €23,101 | €27,287 | €27,902 | €18,266 | ▼ 34.5% |
| + Depreciation and write-downs630 | €3,830 | €1,248 | €1,256 | €2,854 | €2,936 | ▲ 2.9% |
| Operating cash flow (approximation) | €62,160 | €24,350 | €28,543 | €30,756 | €21,202 | ▼ 31.1% |
| Investment in fixed assets (approximation) | - | -€1,620 | -€7,489 | -€10,376 | -€1,200 | ▲ 88.4% |
| Change in cash | - | €21,396 | €35,114 | -€35,917 | €6,680 | ▲ 119% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 7.90
Current ratio from 3.62 to 7.90; short-term debt falls from €7,651 to €5,804.
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 5.69
Current ratio from 1.43 to 5.69; short-term debt falls from €25,488 to €7,162.
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2018net €58,330 ▲687%
Operating result €60,933, net result €58,330, both a record.
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
30-09
Financial
Weakest financial yearnet €7,409 ▼51%
Net result drops to €7,409, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 1.04
Current ratio from 0.36 to 1.04; short-term debt falls from €102,399 to €86,624.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 609 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1992
Ground area
152 m²
Building footprint
108 m²
Volume, LiDAR
1,649 m³
Parcel 11002A1969/00B000, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
De Kmo Strateeg - Antwerp For Two B&B - Tico Construct
since 19922.058.830.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1969/00B000 | Flanders | 152 m² | 1 · 108 m² | 18.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900PNUC7RYN0WLJ73
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Of 1,854 companies in sector 55204 we hold annual accounts for 451. 351 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-07-1992
Fiscal year end31-03
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447939862
Also
9925:BE0447939862
Registered
18-09-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.