TICUP
TICUP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €-23k. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 2607 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
| Equity | €122k |
| Net result | €-23k |
| Staff (FTE) | 2 |
| Better than sector | 88% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 87.4% | 45.9% | |
| Net result | €-23k | €24k | |
| Equity | €122k | €141k | |
| Gross operating margin | €127k | €90k | |
| Staff costs | €105k | €280k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €21k | €99k | €76k | €154k | €149k |
| Net profit | €-23k | €41k | €-27k | €58k | €63k |
| Cash flow | €20k | €89k | €75k | €153k | €148k |
| Staff costs | €105k | €98k | €69k | €48k | €45k |
| Income taxes | €310 | €8k | €218 | €120 | €117 |
| Dividends | - | - | - | - | - |
| Total assets | €140k | €187k | €272k | €363k | €361k |
| Equity | €122k | €145k | €104k | €131k | €74k |
| Debt | €18k | €42k | €168k | €231k | €287k |
| of which ≤ 1y | €17k | €42k | €18k | €31k | €33k |
| of which > 1y | - | - | €150k | €200k | €250k |
| Working capital | €-2k | €61k | €144k | €148k | €95k |
| Employees (FTE) | 2.0 | 2.0 | 1.3 | - | 1.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.90 | 2.44 | 8.88 | 5.74 | 3.86 |
| Quick ratio | 0.90 | 2.44 | 8.88 | 5.74 | 3.86 |
| Working capital ratio | -1.2% | 32.5% | 52.8% | 40.9% | 26.4% |
| Solvency | 87.4% | 77.5% | 38.2% | 36.3% | 20.4% |
| Debt / equity | 0.14 | 0.29 | 1.62 | 1.76 | 3.90 |
| Long-term debt ratio | - | - | 1.44 | 1.52 | 3.39 |
| Interest coverage | 17.20 | 66.26 | 66.09 | 211.49 | 191.77 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -16.2% | 21.9% | -10.1% | 15.9% | 17.4% |
| ROE | -18.5% | 28.2% | -26.4% | 44.0% | 85.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €140k | €187k | €272k | €363k | €361k |
| Fixed assets | 21/28 | €124k | €84k | €110k | €183k | €232k |
| Intangible fixed assets | 21 | €123k | €81k | €107k | €173k | €232k |
| Tangible fixed assets | 22/27 | €853 | €3k | €4k | €6k | - |
| Financial fixed assets | 28 | €245 | €245 | €245 | €4k | €245 |
| Current assets | 29/58 | €16k | €103k | €162k | €180k | €129k |
| Amounts receivable within one year | 40/41 | €3k | €46k | €56k | €49k | €81k |
| Cash & bank | 54/58 | €12k | €56k | €105k | €130k | €47k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €140k | €187k | €272k | €363k | €361k |
| Equity | 10/15 | €122k | €145k | €104k | €131k | €74k |
| Contributions / capital | 10/11 | €72k | €72k | €72k | €72k | €72k |
| Reserves | 13 | €7k | €7k | €7k | €7k | €2k |
| Accumulated profits (losses) | 14 | €43k | €66k | €25k | €52k | - |
| Amounts payable | 17/49 | €18k | €42k | €168k | €231k | €287k |
| Amounts payable after one year | 17 | - | - | €150k | €200k | €250k |
| Amounts payable within one year | 42/48 | €17k | €42k | €18k | €31k | €33k |
| Trade debts payable within one year | 44 | €38 | €18k | €900 | €2k | €17k |
| Income statement | ||||||
| Gross operating margin | 9900 | €127k | €198k | €146k | €202k | €195k |
| Operating result | 9901 | €-21k | €51k | €-26k | €59k | €64k |
| Financial income | 75 | - | €82 | €13 | - | €0 |
| Financial charges | 65 | €1k | €1k | €1k | €726 | €779 |
| Result before taxes | 9903 | €-22k | €49k | €-27k | €58k | €63k |
| Income taxes | 67/77 | €310 | €8k | €218 | €120 | €117 |
| Net result for the period | 9904 | €-23k | €41k | €-27k | €58k | €63k |
| Result to be appropriated | 9905 | €-23k | €41k | €-27k | €58k | €63k |
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Public limited company(014) |
| Incorporation | 10-01-2019 |
| Status | Active |
| Postal code | 1435 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51472B0370/00L000 | Wallonia | 1,731 m² | 1 · 127 m² | 8.2 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-09-2024 Board composition published
Technical details
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"name": "CASIMIR Brigitte Claire Marianne",
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"notary": {
"name": "Jacques WATHELET",
"firm_city": null,
"firm_name": "WATHELET \u0026 NAVEZ, Notaires Associ\u00E9s",
"office_city": "Wavre",
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"act_meta": {
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"pub_date": "2024-09-17",
"filing_date": "2024-09-13",
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"name_full": "TICUP",
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}| Legal nameFR | TICUP |